Company registration number.. 07988308 Charlty reg15tratlon number.. 1150251 COLW (COMMUNITY OF OUR LADY OF WALSINfjHAM} TRU5TEES' REPORT AND UNAUDITED FINANCIAL STATEMENY5 FOR THE YEAR ENDED 31 DECEMBER 2025 COLW (Cornmunlty ol Out Lady ot Walslngham) Contents P•ge Trustees. Report Independent Exèminer's Report Statement of Financial Activities (including Income and Expenditure Account) Cornparative Statement of Financial ActivIti￿ lincludlng Incorne and Expenditure Account) Balance Sheet Notes to the Financial Statements 10-14 The following pages do Thot forrn part of the statutory accounts: Detailed Statement of Financial Activitie5 lincluding Income and Expenditure Account) 15 COLW (¢tsmmunity of Our Lady of Walslngham) Company No. 07988308 Trustees, Report For The Year Endod 31 Docember 2025 The trnstees present thelr report and the financial statements for the year ended 31 Decernber 2025. ObJectl¥es •nd Artlvltles Alms and Objectlves The object5 of the charity 85 set out In our statutory document are: the advancement of religlon, and the advantrment of education Such other Exclusively charitable purposes, as recegnlsed by the law from tSrne to tirne and as the Trustees land Directors) shall determine, provided that the objects are to be carried out In accordance wSth the values and ethos of the Roman Catholic Faith. Communlty News ForMatl•n •nd M•rnbershlp The nionth of January continues to be a tlme of fermation for the slsters.. They had their annual retreat, 50rne weeks of teaching and formation and, thanks to a generous benefattor, some days out for qualSty tlme and relaxation together. The lay members and those disceming the lay branch continued to meet for monthly fomiltlon and fellowship on Zoom and three new lay rnembers made their first promises in July. In September a sister made her first profession of vows in the tonsecrated branch. brin9ing the number of professed sisters to seven. Of these Seven, four are In the stage of Initlal formation as they are temporary professed. Along wlth engaglng in the ommunity's apostollc work, they continue to undertake variou5 Studies with one Studying for a degree in theology, In September. a ltsng-standlng priest frlend of the communlty retlred and came to live with the communlty as Its live-in chaplaln. His presence and ¢ontribution h4ve been greètly appreciated by the 515ter5. Achle¥¢m¢nts and Pert•rm•n¢¢ Aptsstolate In 2025, COLW directly reached and impacted an estimated 3.259 peDple in PEf5Dn thrDugh events we have led outside of our regular ongolng chaplalncy minlstry. LtKal Pastoral Work.. Regular and ongoiTr9 rninistry.. Two si5ter5 cvntinue a job Share ès chaplain5 in o local prison, vi51ting three times a week. Another slster works as assistant chaplèin at University of East Anglia t¥vo days a week. At House ol the Dlvlne Wlll the sisters have hosted.. 2 open days which drew around 250 people from the local area. 2 days of recolleLtioTh 5 residential retreat weekends Mission further afield.. 41 guests who vlslted the two herrnitages on 51te for tlrnes of ret￿at. Guests were able to joln the sSsters for prayers have spirltual accompanlment from a sister if they wished. In-person pastoral outreach around the county. The sisters led è totsl of four nine-day parish missions around the country in Norfolk. Buckingharnshire. Staffordshire and Hèmpshire V151ting five schoo15 as part of the respective missions. One sister accompanied the Diocese of Nottingham Young Adult5 On the Diocesan pilgrimage tD Lourdes which Included the delivery of several talks. Two sistets a¢offlpan5Èd the C6rrnellte Friars on thelr young 4dults' pilgrlmage to Rome In the summer which included the facilitstsoTh of spiritual dlrectlon. Three sisters spent four weeks In the United States of America in Mew York, Vir9inia and New Jerseyt establishing contacts and delivering tslks. .CONTIMUED Page I COLW (Communlty of Our Lady of Walslngharn) Trustees, Report (contlnued) For The Year Ended 31 December 2025 Apostolate- ￿ntInUed In England, they atso dellvered.. 10 Dne-off talks 15 retreat days 2 parlsh retreat weekends Online outreach and forniation: The community continues to rnaintbin a presence on In5tagrarn and Facebook v4hich has atb increasiThgly internatlonal foifowing. A s15ter15 hosted monthly on Radlo Marla England's Credo program. Thls covers varSous tob"Ics of faith and can also be streamed on medla platforms such as Spotify. On the first Friday of the month slsters meet onlSne with our Eccoml Young Adults, group for a tlme of formatlon and fellowshlp on various topits related to discemment. The three sisters trained as spiritual director5 contir*ue to offer thi5 to regular dirertees both in person Jnd onliThe le.g Zoom) Futur* Plans LDokln9 toward5 the future, &ishop peter collins, has asked the community tts lead several parish mi5slons ITh the Dlocese of East ATrg1Sa during 2026. Thls Is to mark the 50th anniversary of the foundatlon of the diocese. In 2026, the community hopes to tomplete the purch45e of a property in W815ingh8m where the community will have the space to 9row and expand its outreach. The need for thi5 wa5 recognised in 2024 due to the number of people Interested in )oinlng the comrnunity aThd 'Mary's House Appeal, was subsequently launched. Fundraising for this pro9ressed well in 2025 with a generous response from the general public and several Major benefactors, so much so that in March 2026, the charity purchased the Nrst part of an ideal property for Yihich they had been offered first refusal. Fihatttial Review Flnantlal Poslt5on A surnmary of thls yearf5 results can be found on page 7 ef this report and accounts. Donations and legacie5 4re irnport4Tht source5 of income and vary from year to year,. salarles and stipends are more stable. This year the donations (Friends and Appeal combiTredl increased significantly frotn £224,094 in 2024 to £703,080 in 2025 with the continuatlon of Mary's House Appeal. Income frotn inve5ttnent5 I￿reaSe￿ frorn E4,872 tg É24,049. This 15 principally interest eamed on a deposit account V4here money from the Appeal is kept on a short-term basls rather than invested in equities. Expendlture for the year totalled £154,115 Post B•lan¢e Shett Event In March 2026, Mary's House Appeal havin9 been successful, the first part of the property in Wa15ingham wa5 purchased. Re5ervo5 Pollcy The Charity's unrestricted funds at the end of the year stood at El,137.505. The trustees have adopted a reserves poliLy which airns to have cash or cash equivalent to six months, expenditure as a reserve: this airn is currenly met and will be for the foreseeable fvture. PABe2 COLW {Comrnunity of Our L*dy of Wal*ingham) Trustees. Report (contlnued) For The Year Ended 31 Decembor 2025 In¥estm¢nt The Charity ha5 a small inve5ttnent holding in the COIF Charitable Investment Fund valued ai £14.371 at the 31st of December 2025. The Trustees. choice of this investment is guided by the fact that it is aligned wSth the Catholit ethos and mission of The Community of Our ef Walsinghèm. Fundral$ln¥ The trustees are gratefvl both for the regular donors who sVPPDrt the day-to-day Ilfe and mission of the charily and the dongrs to 'Mary's House Appeal, which made excellent progress in 2025. Many parlshes where the sisters went on misslon in 2025 kindly agreed to slsters glving appea15 at Masses with the opportunlty for people to give donations after the Mass. The sisters clearly explained how the donation5 would be used for Mary's House Appeal both verbally and in the inftjrmation leaflets and posters provided. MaThy donations were also received from long-standing SUPPOrters of the community. The trustees decided 10 trial usin9 professlonal fundraisers to asslst in making grant applicatlon5 for Mary's House Appeal Ithou9h not for Oirert fundra15Ing frorn the gener41 publlcl. The chartty conclude(J Its work with thelundrai5ers in May. The charity tskes care tD be tr4n5parEnt with donors 4bout the use of donations. Donations are acknowledged with thanks and benefactors are rernernbered In the dally prayers of the cornmunlty. Best prartice Is applied to protect U5er5' data. The charity never 5e115 data,. it never swaps data and ensures the communication p￿ferenCeS of donors can be changed at any time. No complaint5 have been received by the charity in relation to its fundraisin9 attivities. strucQuve. Governance and Management Governlng Docurneat The Nernorandurn and Articles of As50ciation. The Charitable Company wa5 incorporated on the 13th of March 2012, as aTnetbded by a Special Resolution registered at Companie5 House on the 14th of September 2012. The Cempany was reglstered wlth the Charfty Cornrn15slors on 19th December 2012. Trustee Selectlon Methods Existing Trustees ihrough a prDce55 Df llDmination and election appDinl trustee5 tD the Charity Board. A list oFTru5tee5 during the period of this report 15 sho¥vn below. The trainSng of Trustees Is provided vlhen requSred by the Charity's advlsors anLI other training organisations. Trustees are encournged to attend approprSate external tralning coursesjseminars to enhance theSr expertSse. The Trustees. who are also dirertors of the charitable compèny, a￿ responsible For preparing the Rept>rt of the TTUStees ènd the rinancial statements in accordance vlith applicable law and regulations. Alsk Martag¢ment The Board is aware of thelr ￿sponSibl11t1es to regularly assess the risks to which the Charity is exposed and to agree how best those risks may be mitigated and it takes the appropriate action to manage them. The Trusiees have assessed the major risks to whlch the Charity is exposed and continue to formulate 5Ultable policies and annual risk rnanagement reviews. The key areas of risk considered by the trustees are= Saleguatdlhg.. The Trustees regularly review the 5afeguardin9 arrangements for the Cornmunlty. The Comfflunity mmplle5 wlth the National Catholic Safeguarding Standards and is a metnber of the Religious Life Safeguarding Servlce IRLSSI- COLW members contlnue to take part ITh regular tralnlng from the RLSS. Care of Property: Attentlon Is given to keeping House of the Divine Wlll In a safe and good cond￿len wlth regular mainteTran￿ and annual flre safety checks. Communlty wellbeln9 and growth: Both the number of cemmunity members and their ¥Yellbeing directly affect the outreach syork of the charity. Notlng the need for rnore spatt as the community grows, the comrnunity contlnues to work toward5 the purchase and developtnenl of a house in Walsingham, its spiritual home. P2g¢ 3 LW Icommunlty of Our Lady of Walslngh•m) Trustees. Report (contlnued) For The Y￿r Ended 31 Decernber 2025 R•ference and Adm5nl%tratlve D¢t•ils Trustees Sr Carni114 Oberding - Chair Sr Gabriela Gasz - Compèny Secretary Sr Theresa Welght kt kev Mgr Chrlstopher BroDks Rev Matthew Blake Dr Brian Sudlow Mrs Ellzabeth 5udlow Charlty Number 1150251 Company Number 07988308 Prlnclpal Addr¢ House of The Dlvlne Will Neatherd Moor Dereharn Norfolk NR20 4AZ Reglstered Qffl¢e House Of The Divine Will Neatherd Moor Derehjm NR2D 4AZ EndepÈthdent Examlner Affinity Associates Group Limited Accountants and Statutory Auditors Affinity A5SOClates IEAI Ltd AccouThtants and Tax Advisors 24E Norwlch Street Dereha Norfolk NR19 IBX Bank•r* HSBC Brentwood High 5t Brentwwd Essex CM14 4RU P8#e4 COLW (Communlty ol Our Lady of Walslhyham) Trustees. Report (contlnued) For The Year Ended 31 December 2025 other fnformatlon FINANCIAL REVIEW AND RESOURCES Thls is the thirteenth full year of accounts for ihe Charity. Stat•ment of TrusteeB' Responslbllltles Cotnpany law the dlrectors to prepare ftnancial statements for each financlal period. Under that law the directors have elecled to prepare the financial statements In accordantr with United KingdoTn Generally Accepted Accounting PTrctice Iunlted Klngdom Accounting Stand4rds and Applicable Lawl. Under cotnpany law the direttors must not approve the flnancial ststements unless they are satlsfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the compèny for that period. In p￿parIng these financial statemefits. the ￿l￿t0￿ are required to= Selert Suitsble accounting policies and then apply them cons15tentlyi Observe the methods and prlnclples in the Charities SORP: Make judgrnents and accounting estimates that are responsible and prndent,. Prepare the financial 5taternents Dn a 9uing CDncern basis unle55 It 15 ¢nappropriBte to presume that the company will continue its buslness. The directors are responslble for keeping adequate accounting records that are suffitient to show and exp1?in the cornpany's transactions and disclose wlth reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial ststements cornply syith the Cgrnpanies Act 2006. They are 4150 responsible for safeguardlThg the assets of the company and hence for taking reasonable step5 for the prevention ano detection of fraud and other Irregularities. The tru5tee5' report was approved by the board of trustees and slgThed on Its behalf by: Sr Camllla Oberding Trustee 10 July 2026 COLW (Comrnunity of Our L)dy of W•lslngham) Ind•pendent e￿mI￿er.￿ Report to the Trustees ol COLW {Communlty of Our Lady of WalsSTrgham) For The Year Ended 31 December 2025 I report to the chority tru5tee5 on my examinatlon of the accounts Of the Cornparly for the yelr ended 31 December 2025. R¢spon51bSlltle6 and Basls ot Report As the charity trustees of the Company land also its direttors for the purposes of company lawl, you are responslble for the preparatten of the ￿tO￿nts in ac¢ordan¢e syith the requlrements of the Cotnpanies Act 2006 1.the 2006 Act"). Having sotisfied 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 ￿pOrt in re5pert of my examination of your Cha￿ty,$ accounts as carried out under section 145 of the Charitie5 Act 2011 I'the 2011 Act'l. In carrying out my examlnatlon I have followed the Dirertion5 given by the Ch6rity Commission under 5ectign 145151 (bl ef the 2011 Act. Independent Examlner's Statement Since thÈ Company's gross intomÈ extèeded £250,000 your examiner must be a member of a body listed in section 145 of the 2Qll Act. I confirm that I am qualified to undertake the examination because I am a member of The Irb5titvte of Financial Accountants, which is one of the Ilsted bodles. I have completed my exarnlThation. J conflrm that no matters have corne to rny 4ttentlon iThlconnertion ¥Yith the examination giving me cause to belleve.. accounting records were not kept in respecl of the CornpaTry as required by section 386 of the 2006 Act. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vlew. whlch Ss not a matter considered as part of an independent eyamination., or the accounts have not been prepared in accordance with the method5 4nd prlnciple5 Of the Statetnent of Recofflrnended Practice For accounting and ￿pOrting by charitses applicable to ¢hèrities ￿￿parIng thelr accounts in accordan￿ wlth the Fin?nci41 Reporting Standard lpplitèble in the UK ènd Republic of I￿land IFRS 1021. L have no concerns and have cotne air955 no othEr Tnatter5 In connection with the examination to which attention should be dra￿n In thSs report In order to enable a proper under5tandlng of the accounts to be reached. Affinlty A5$0Ciate5 Group Llmlted Accourbtants Jnd Statutory Auditor5 10 July 2026 24E Morwich Street De￿haM Norfolk NR19 IBX P&se6 COLW {¢ommvnlty of Our lady ol Walslngharn) stswment of Fln•n¢lal Actl¥Stle$ (Including Income and Expendlture Account) For The Yoar Ended 31 De£omber 2025 2025 2024 Unrestrl¢t¢d Restricted funds fund5 Total tund8 Ttst•l lund$ 14otss INCOME FROM: DoThations and legacies 227,683 558,380 786.063 284.368 EXPENDITURE ON: Tota1 Re50urtrs Expended 1154,IlS } 1154,115 1 1117,186 1 631,948 167,182 1368 1 NET IMCOME 73,568 1368 1 SS8,380 Other Ilossesl/yalns 712 NET MOVEMENT IN FUNDS 73.200 558,380 631,580 167.894 RECONCILIAnON OF FUNDS: Tot61 funds brought forward 1,064.305 lQ3,132 1.167,437 999,543 TOTAL FUNDS CARFUED FORWARO 12 1,137,505 661,512 1,799,017 1.167.437 The note5 on pages 10 to 14 form part of these flnancial statements. Page 7 COLW (Communlty of Our Lady of Walslngham) Comparatlve Stat•mÈiit of Flnantial Artiviti¢s (including Inctsrn¢ Exwnditirre A￿o￿nt} F•r The Y¢•r ErtO¢d 31 D*ornb¢r 2025 2024 Unrestrlcted Restrleto fvnds funds Total funds Notts INCOME FROM: OoThations and legacles 181,236 103,132 284.368 EXPEf4DITIIRE ON: Total Resources Expènded 1117,186 1 1117,186 1 NET INCOME/IEXPENDITUREI 64,050 103,132 167.182 Other 96ins 712 712 NET MOVEMENT IN FUNDS 64,762 103,132 167,894 RECONCILTATION OF FUNDS: Total funds brought fDrY4ar 999,543 999,543 TOTAL FUI4DS CARRIED FORWARD 12 1,064.305 103,132 1,167,437 The notes on pages 10 to 14 form part of these flnanclal statements. Pa¥e 8 COLW (Community of Our Lady of W•lslngh•m) B•l•nc• Sh¢et As At JI December 2025 2025 2024 Unrestrlcted Restrlcted funds fvnds fotal fund5 Tot41 fvnd5 Not•$ FIXED ASSETS Tangible Assets 1,077,929 1,077,929 1,066.925 1,077.929 1,077,929 1,066,925 CURRENT AsseTS Debtors Cash at bank and in hand 40 272.776 40 934.288 568 330.358 661,512 272.816 1 661,512 (20.740 ) 934,328 330,926 Credltors: Amounts Falllny Due Wlthln One Year io (20.740 ) (20.414 ) NET CURRENY ASSEfs {UABILITIES) 252,07$ 661.512 913,588 3AO,512 TOTAL ASSETS LESS CURRENT LIABILrriES 1.330.005 061.512 1.991.517 1,377,437 Credltors: Arnounts Falllng Due Alter More Than One Year (192.500 ) (191500 ) (210,000 ) NET ASSETS 1,137,50S 661,512 1,799,017 1.167.437 FUND5 OFTHE CHA Restricted Funds Unrestricted Funds 661.512 1,137,505 103.132 1.064.305 TOTAL FUNDS 12 1,799,017 1,167.437 For the year endin9 31 Decetnber 2025 the charitable ¢empany was eniitied to exemption from audlt under section 477 of the Companles Act 2006 relating to small companies. The members have not reqvired the compèThy to obtain an èudit in actordantÈ with settion 476 of the Companies Att 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respert to accounting retx)rd5 and the preparatlon of accounts. These accounts have been p￿pared In accordance wlth the prov151ons applluble to cornpanies subject to the small comp4nie5 re9ime. On behalf of the board Crf) Lkn/ Sr Camilla Oberding Trustee 10 July 2026 The notes on pages LO to 14 forrn part of these finanaal Statements. Pag¢9 COLW (Communlty of Our Lady of Walslngham) Note5 to the Finantor Vehlcles Flxtures Flttlngs Totsl Cost As at l January 2025 Addit￿n$ 957,792 24,257 46.144 122,559 1,126,495 24.257 As at 31 Decernber 202S 982,049 46,144 122,559 1,150.752 Depreclatlon As at l Januèry 2025 Provided durlng the perlod 32,048 4,699 27,522 6,128 59,570 13.253 2,426 As èt 31 December 2025 2,426 36,747 33,650 72.823 Net Book Value As at 31 December 2025 979,623 9,397 88,909 1,077,929 As at l january 2025 957,792 14,096 95,037 1,066,925 9. Debtor$ 2025 2024 Due wllhln one year other debto 40 568 J¥¥t12 COLW (Communlty of Our Lady of W•15ingh•m) Note6 to the Flnanclal Statements {contlnued} For The Year Ended 31 December 2025 10. Cr•dltors: Amounts Falllng D￿e Wlthln One Year 2025 2024 Creditors Accruals 17,500 3,240 17,500 2,914 20,740 20,414 Long T¢rni Credltor The loan to the charity Yias In the sum of £350.000. It is not secured and is repayable over a perfed of 20 yeats, interest-free. in equal annu81 instalments of £17,500. beginnlng in 2018. To 3J.12.2025 therefore seven instalrnents have been paid, leaving a bèlance ¢ve of £210,000 of whlch £17,500 15 due within a year. P28e 13 COLW (Communlty of Out Lody of Walslngham) Motes to the Flnanclal Ststements (continued) For The Yeor Ended 31 December 2025 li. Cr8dilors: Amounts Falllng Due After Mor¢ Th•n One Year 2025 2024 Creditors 192,500 210,000 12. Movement On Funds As•ti January 2025 A5*t31 December 2025 Galns and 1055es Incomo Expendltur• Unrestrlcted lund8 General.. General unrestritted fund Restrlrted fvnds flestricted Funds 1,064.305 227,683 1151,115 1 (368 1 1,137,505 103.132 558,380 661,S12 Total fund 1.167.437 786,063 1154,115 1 1368 ) 1.799,017 Asati January 2024 A5Ot31 Galns and losses Income EXpendIt￿re 2024 Unrestrlcted funds General.. General unrestricted fund Restrlrt•d funds Restrfcted Funds 999.543 181.236 1117,1861 712 1,064,305 103,132 103,132 Total funds 999,543 284,368 Ill7,186 1 712 1,167.437 13. Tr•ns•rtlons wlth Yrust•¢s None of the trustees received any remuneratlon or any other benefits from an employrnent V41th the tharity or a related entity durlng the current or previous year. No trustee expenses have been incurred. 14. Related Party Dl6closuro9 There have been no relared party tr4n5artions In the reporting period that requlre dlgb5ure. Pigt 14 COLW Icommunlty of Our Lady of Walslngham) D•t•ll•d Stst•rn•nt of FlnJncl•l ArtlvlU¥s (Includln9 IKom¢ Jnd Exp•ndltur• A¢count) For The Year Ended 31 December 2025 2025 2024 Total lund* Totsl lunds INCOME FROM: l>•n•tlon• and legacles Grants And Donations Friends. Donatlons Apostolate - Ministry Apostolate - Missien Appeal Income Investment Incorne 1,540 144,700 18,616 38,778 558,380 24,049 1,513 105.822 22,714 31.175 118.272 4.872 786,063 284,368 786,063 284.368 EXPENDITURE ON: Total Re50urres Expended Formation Apostolate Attrlbut4ble Indlrert C05ts Finance and admlnlstratlon Depreclation {42.0901 (47,4601 {32,4131 118,8991 113.2531 {37.5971 {19,6631 133.0721 116,0271 110,8271 1154,1151 1117,1861 1154.1151 1117.1861 I4￿ INCOME 631.948 167.182 P88¢ 15