The Oratory of St Phillp Nerl at Manchester REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BK Plus Limited Chartered Certified Accountants Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY The Orato of St Phlllp Neri at Manchester REPORT OF THE TRUSTEES . YEAR ENDED 31 DECEMBER 2024 Admlnlstrative Information The Oratory of St Philip Neri al Manchester (The Oralory) was established by a trust deed dated 22nd October 2012. The Oralory is currently run from the parish of St Chad, Cheetham Hill Road. Manchester M8 8GG. The Trust is registered with the Charity Commission under reference 1149954. The Trustees who have served during the period are.. Fr R MatUS Fr R Bailey Br G Connell Irelired 24 September 2024) lappoinled 23 September 2024) Structure overnance mana ernent ob ectlv88 and actlvltles The main object of Ihe charity is to promote and advance the Roman Catholic faith and Roman Catholic inslilulions and in particular to promote the chaTilable work for Ihe time being carried on, promoted or supported by the ¢ongregalion called The Oratory ol Sl Philip Neri established al Manchester. Al present The Oratory is locussed upon the resloralion of Ihe historic church of Sl Chad which was opened on 4th August 1847. The Trustees have been entrusted with the care of the parish by the Diocese of Salford and are responsible for the fabric of the church building5 which are badly in need of Tepair. The Trustees afe mindful of the Charity Commission guidance on public benefit They believe th81 Ihe resloralion of Sl Chad's will be of great benefil lo the parish community and the wider community in Manchester. The Oratory aims to assist the homeless and those in real economic need and not just those of the Catholic faith by providing food. encouragement and shelter where possible. Achlevements and 8rfoman¢e Review of ear This year has seen an emphasls on ¢ommunily outreach as the numbers of people who require basic support seem lo have risen. Food parcels. a warm and safe place for Ihe homeless or disaffecled, accessible toilet facilities. and a friendly welcome all go logelher to complement other service providers in the area and further afield. Appropriate signposting lo Ihese providers, e.g. Immigration services and legal advice, has been effeclive in specific cases. There has been a successful undertaking lo provide and maintain a well used and much appreciated green space for the local community in the form of an exlensive and beautifully planted garden with sealing. It has altracled an array ol wildlife lo the area, which has contributed lo the overall mindfulness of this ecologically focus5ed endeavour. From the point of view of personnel the year Proved to be a difficult one. One of the founding trustees, Fr Ray Malus. became gravely ill lor many month5 and finally passed away in September. This was not only a personal loss for the community. drawing considerably on lime and energies, bul also involved the election of a new Provost in tough circumstances wilhoul Ihe benefit of any handover. The immediate task was to allend lo those mallers which had been delayed owing to Ihe circumstances, first among which was the ordering of a Quinquennial Condition Inspection and the renewal and updating ol any oulslanding compliance certificalion Two new boilers were fitted, which replaced a very old and inefficient one that was regularly failing to opefate. Although this was al very great expense, the new boilers have a long guarantee, and are ol ihe highest quality and more sustainable. The ability lo provide reliable heating lo those who use our services. very many ofwhom are from deprived social and ethnic backgrounds, is of paramount importance. The Orato of St Phili Nert at Manchester REPORT OF THE TRUSTEES . YEAR ENDED 31 DECEMBER 2024 continued Financlal revlew The total receipts on ordinary unrestricted funds were £181,589 {2023= £136,283). Restricted fund receipts amounted to £20,000 {2023: £49,200). All of the charity's efforts during the period under review have been directed towards restoring, improving and maintaining the fabric of St Chad's church buildings and supporting the work of the parish, Every effort has been made to try to ensure that serwices have continued as Ihey have in the past. Donations have also been made whenever possible lo assist Roman Catholic charities at home and abroad and lo relieve suffering wherever it occurs. The net result for the year was an excess of income over expenditure of £44,70012023.. £13,854). Reserve levels have improved slightly and the trustees are hopeful that the position will improve further as the expenditure on the fabric of the building is now largely complete. However unexpected costs can arise such as the boilers during 2023 hence the need to build reserves. The balance carried forward at 31 December 2024 was £71,609 (2023. £26,909) on unrestricted funds. Reserve8 olic The Trustees currently aim to hold approximately £125.000 in reserves to enable them to deal with any unexpected demands on funds that might arise from time lo time. The effect of the pandemic and the fact that the charity was committed to further building work during 2022, 2021 and earlier periods has led to there now being a relatively low level of reserves. However there shouldn't be a significant amount of capital expenditure in the near future and the trustees are confident that their supporters will continue to assist in furthering the aims of the charity in the longer term. Approved by the board of trustees h October 2025 and signed on their behalf by Fr R Bai18 Chairman Chair of Trustees Oratory of St Philip Neri at Manchester Cheetham Hill Road Manchester M8 8GG The Orato of St Phili Neri at Manchester INDEPENDENT EXAMINER'S REPORT to the trustees ofThe Oratory of St Philip NeTi at Manchester I report on my examination of the financial statements of The Oratory of Sl Philip Neri al Manchester for the year ended 31 December 2024 which comprise the stalement of financial activities. balance sheet and related notes, which are set out on pages 4 to 10. Respectlve responslbilltles of the Trustees and Examiner As the charity's trustees you are responsible for Ihe preparation of the financial st8lemenls in accordance with the Charilies Act 2011 ('the Act,)., you consider that an audit is not required for this period under s.144{2) of the Act and Ihat an independenl examination is needed. It is my responsibility lo.. examine the accounls under section 145 of the Act., follow the procedures laid down in the General Directions given by the Charity Commission under section 14515>lbl of the Act: and state whether particular matters have come lo my allention. 8a818 of Independent examiner's report My examination was carried out in accordance with the General Direclions given by the Charily Commission. This examination includes a review of the accounling records kept by the chaiily and a compafison of the financial slalemenls wilh Ihose records. It also includes consideration of any unusual items or disclosures in the financial slalements and seeking explanations Irom you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence Ihal would be required in an audit, and Gonsequenlly no opinion is given as lo whether the financial slalemenls presenl a 'true and fair view, and the report is limited lo those mallers sel out in the slalemenl below. Independent examlner's statement In conne¢lion with my examinalion, no material mallers have come lo my allenlion which give me Cause lo believe that in any material respect.. accounting records were not kept in accordance with sedion 130 of Ihe Act,. or the accounts do not accord with the accounting records., or the accounts do not comply with the applicable requirements concerning Ihe form and conlenl of accounts sel out in the Charilies (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an independent examination. I have no concems and have come across no other mallers in connection with the examinalion lo which allention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached, Dominlc Huxley Bsc ACA 8K Plus Limited Chartered Certlfled Accountants Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY 291h October 2025 The Oratory of St Phili Neri at Manchester STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds Total Funds 2024 2023 Note INCOME Donations, grants and legacies 2a 156,397 20,000 176,397 160,125 Charitable activities 2b 25,000 25,000 25,000 Income from investments 2c 192 192 358 Other incoming resources 2d Total Incoming resourcas 181,589 20,000 201,589 185,483 EXPENDITURE Activities relating lo the work of the church 3a 86,335 20,000 106,335 136,628 Donations 3b 40.858 40,858 23,892 Administration 9,696 9,696 11,109 Renovation of church buildings 3d Transfers be￿een funds Total resources expended 136,889 20,000 1 $6,889 171,629 NET INCOMINGI(OUTGOING RESOURCES 44,700 44,700 13,854 GAINSI (LOSSES) ON INVESTMENTS: 6b NET MOVEMENT IN FUNDS 44,700 44,700 13,854 BALANCES BROUGHT FORWARD 26,909 26,909 13,055 BALANCES CARRIED FORWARD 71609 71609 26 909 All income and expenditure is derived from continuing activities. The accompanying notes are an integral part of this statement of financial activities. The Oratory of St Phili Neri at Manchester BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assets Investment Assets 6b Total flx•d assets CURRENT ASSETS Sundry Debtors Short Term Deposits Cash al 8ank and in Hand Total currant assets 72,509 72,509 27,779 27,779 LIABILITIES Creditors falling due within one year (900) (870) NET CURRENT ASSETS 71,609 26,909 NET ASSETS 71,609 26,909 FUNDS Unrestricted Restricted 71,609 26,909 Total charlty funds 71,609 26,909 Approved by the Trustees on 29th October 2025 and sign on their b If by-. The Orato of St Phili Nerl at Manchester NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of Ihe financial Statements are summarised below. Basis of preparation The financial statements have been prepared in accordance with the historical cost convenlion and in accordance with the Statement of Recommended Piaclice - Accounting and Reporting by Charilies preparing their accounls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) issued on 16 July 2014 and wilh the Charities Acl 2011. They do nol include the accounts of oth8r church groups that owe their main affiliation to anolher body. The charity con51ilules a public benefit entity as defined by FRS 102. Going concern There are no material uncertainties about Ihe ability of the charily lo continue as a going concern. Fund accounting Restricted funds are funds which may only be expended on the specific object for which they were given. Unreslricled funds are general funds which can be used at the discretion of the Trustees in furtherance of Ihe geneTal objectives of the charity and that have nol been designated for any specific purpose. Incoming Re$ourc8y All incoming resources are included in the Slalemenl of Financial Activities (SOFA) when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of inGome-. Voluntary income is received by way of gifts, donations and grants and is included in full in the SOFA when receivable. Grants, where entillemenl is nol conditional on the delivery of a specific performance by the charily, are recognised when the Charity becomes uncondilionally enlilled lo Ihe grant Legacies are recognised in the SOFA as Ihey are received or when receipt is Probable. that is. when therè has been grant of probate, Ihe executors have eslablished that there are sufficienl assels in the estate and any conditions allached to Ihe legacy are eilher within the control ol the Charity or have been mel. InGome tax recoverable on covenanls or gift aid donations is recognised when received. Other ordinary income is recognised when received Income from investments is recognised when receivable. The Orato of St Phili Neri at Manchester NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 ACCOUNTING POLICIES cont'd Incoming Resources Icont'd The charity does nol currently hold any investments but any realised gains or losses on investments would be recognised when investments are sold. Unrealised gains or losses would be accounted for on revaluation of investments at 31 December. Resources expended Expenditure is accounted for on an accruals basis and is reported as part of the expenditure to which it relates as follows: Activities relating to the work of the church comprises costs arising from the maintenance of the church building and church services and costs incurred by the clergy in carrying out their duties. Donations are accounted for when paid over and include donations to the host parish and independent charities dealing with deprivation and homelessness. Other expenditure includes general administration and the renovation of the church buildings. This expenditure is accounted for on an accruals basis and is partly paid from restricted funds. Flxed assets Consecrated land and buildlngs and movable church fumishlngs Consecrated and benefice property is excluded from the accounts. Other fixtures, fittings and office equipment The charity is able to utilise the assets owned by Ihe parish of St Chad and does not itself own any fixed assets. Financlal instruments The charity accounts for basic financial instruments, deblors and prepayments and creditors and accruals, at the undiscounted amount of the cash or other consideration expected to be received or paid. The Orato of St Phili Neri at Manchester NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 continued .. INCOME Unrestricted Funds Restricted Funds Total Funds 2024 2023 a> Volunta Income Donations incl Gift Aid Grants - Lottery Fund and Hist. Eng Society of Jesus re training Specific donation re church heating Legacies Miscellaneous 127,162 127,162 102,524 20,000 20,000 29,200 20,000 28.000 1,235 156.397 28,000 1,235 176,397 8,401 160.125 20,000 b) Income from charltable actlvltles Fund raising Hospital chaplaincy services 25,000 25,000 25,000 25,000 25,000 25,000 c) Income from Invastments Dividends and interest 192 192 358 d) Other Incomin resources Miscellaneous income Insurance claims TOTAL INCOMING RESOURCES 181589 201589 185 483 The Orato of St Phili Neri al Manchester NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 contlnued .. RESOURCES EXPENDED Unrestricted Funds Restricted Funds Total Funds 2024 2023 al Activities relatin church Church running costs Motor and travel Training and study costs General repairs and maintenance Streaming costs for services Books and piety stall re-stocking Oratory subscriptions Father Ray funeral costs to the work of the 32,276 4.449 21,296 20.193 32,276 4.449 41,296 20,193 26,466 4,630 45.015 57.894 20,000 1,641 631 5,849 86,335 1,641 631 5,849 106,335 1,706 917 20.000 136,628 b) Donations Charitable giving- St Chad's Charitable giving- other 40,609 249 40,858 40,609 249 40,858 23,627 265 23,892 c) Admlnistration Heat, light, water and insurance Telephone, stationery and office Accountancy and related fees Sundries incl PPE 3,864 5.052 780 3,864 5,052 780 7.573 2,666 870 9.696 9,696 11,109 d) Renovatlon of ¢hurch bulldin Professional and related fees Building works Total R8sour¢08 Used 136,889 20,000 156,889 171,629 INDEPENDENT EXAMINER The independent examiner was paid £900 {2023'. £870) in respect of the examination of the accounls. TAFF COSTS Wages and salaries The Orato of St Phili Nerl at Manchester NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 contlnued .. ible Fixed As88ts Freehold Equipment Land & Buildtngs Total CoslJValuatlon Blforward 1 January 2024 Addilion al Cost Revaluation Disposal At 31 December 2024 Depreciation Blfoward 1 January 2024 On disposals Charge for the year At 31 December 2024 Net Book Valuo 31 December 2024 Net Book Value 31 December 2023 b) Invegtmentg Blforward al 1 January 2024 Unrealised gainl(loss) on revaluation Market value 31 December 2024 SUNDRY OEBTORS 2024 2023 Amounts due within one year CREDITORS . AMOUNT UE WITHIN ONE YEAR 2024 2023 Accruals and deferred income Creditors for goods and levies 900 870 900 870 ANALYSIS OF NET ASSETS BY FUND Unrèstrlct•d Funds R•$irf¢led Funds Total Fixed A55ets Net Current As3ets 71.609 71.609 71,609 71,609 10 TRANSACTIONS WITH TRUSTEES The Trustees are Ihe Parish Priests of St Chad's. Funds are both received from and distributed to the parish and are ulilised to maintain thè church premises, Ihe presbytery and the clergy. No payments are made by the charity to or for the benefit of the trustees in their capacity as trustees bul payments are made lo support the priests in carrying out their pastoral duties and to assist in maintaining and renovating the church and church buildings and the fabric of parish life in and around St Chad's and The Oratory. Any capital assets funded by the Oratory are effectively donated lo the Parish. 10.