Charity Registration No. 1159037
Company Registration No. 09234192 (England and Wales)
ST JOSEPH FOUNDATION UK
Report and Accounts
For the year ended 31 August 2024

ST JOSEPH FOUNDATION UK
Report and accounts
Contents
Pagè
Information
Trustses, report and director r8POrt
statément of directors, responslbi11118s
Indepéndent auditors report
Statement of financial activitses
Balance sheet
10
Statement of ca8h flow8
Slalement of changes in equity
Notes lo th8 financlal statement
12
13-20

ST JOSEPH FOUNDATION UK
Company Information
Tru8tae8
L Pompa
N Franc6S¢O
E Yost
Company numbar
09234192
Chorlty numbar
11 $9037
Prlnelpal addrn•8
29 Bramley Road
London
N14 4HE
Ro918tèred offlce
29 8ramley Road
London
N14 4HE
Audltorn
CK Partnership Ltd
1 Old Court Mews
311 Chase Road
London N14 8JS

ST JOSEPH FOUNDATION UK
Tru8tees' report (including Directors, report)
For the year ended 31 August 2024
The trustees present their report and financial stat6m8nts for the year ended 31 August 2023.
The accounts havé been prepared in accordance with the accounting policies set out in not6 1 to th8
accounts and comply with the Charities Act 2011, the Companies Act 2006 and "Accounting and
Reporting by Charities.. Statement of Rècommended Practice applicable to charities preparing their
aGcounls in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021" las amended for 8¢¢ounling periods commencing from 1 January 2016}
Oblectlves and actlvltles
The charity's obleetives are the 8dvancement of education, in p8rticular, but not 6xclusively, by the
provision of English languag6 teaching lo students from schools in Italy. The Charity seeks to advance
Roman Catholic religlon in association with 8ducational activity.
To achieve these objectivej the charity has organised a r8sid8nlial school that provides an educational
ènvironment that can help develop the skills and capabilities of the 8ludenls through our cultural and
educational activitl8$. In our school we hav8 established an environmént where each student can
experiencè full integration wllh the language enabling them to pra¢liGe and gain knowledge of thè
English traditions within a sllmulaling and secure space. The foundalion further8 its charllable
purposes for the public benefit through providing these faalilies.
We ar8 an equal opportunlty organlzatlon and are commltted to 8 working environment that Is free from
any form of discrimination. Our school is committed lo safeguarding and promoting the welfare of our
pupils and 8xp8cts all staff and voluntèers lo shar& this commitment.
The Iru8tees have pald due regard to guld8ncè issued by th8 Charity Commlsslon In dèclding what
8¢tivities the charity Bhould undertake.
During th8 p88t year, we hav8 made significant connections with nèw Italian schools In variou8 reglons,
Including Lombardla, Sicily Icatanlal, Tronlino (Roveretol, Vèneto IPadova}, and Piemonle (Turin).
Outside ltsly, we have conllnued to str8ngthen our relallonships in Romania, Spain, Portugal, Kor8a,
and Vietnam.
Looking forw8rd, th8 Director wlll be exploring new markèts in Thailand and Taiwan.
We have al80 been focused on enhancing th8 quality of our Gèneral English coursès by gdopting 8
new full immersion approach that emphasizes speaking skllls in daily life and day-lo-day a¢tivities Sn
London. Thi5 approach 1$ designed to provide students with practical language skills that they can use
Immedlalely In real-world sltuatlons.
One of our flagship programs, "Real Life London Experlence," which was18unched last year, has seen
growing demand. This program is designed for students with at least a B1 level in English and includes
morning lessons followed by volunteer work with local charitiès in the afternoons. This combination of
classroom learning and practical experience helps students to apply their language skills in meaningful
ways.
Additionally, we are developing a new IELTS program tallored for 16 to 18 year-old sludents. Our focus
on maintaining high academic quality, combined with our supportive "family" environment, helps our
students to socialize and build confidence during their time with us.

ST JOSEPH FOUNDATION UK
Trustoas. report (including Directors, report)
For the yaar ended 31 August 2024
Trusteo8' report (Including Directors, reportl (contlnued)
All resources available have been ubllzed to achieve the charity's objeclives, It is important to note that
the charity does not gen&rally engage in fundraising activities, and no professional or commercial
fundraisers are involved. The trustees are satlsfied that thè charity's fundralslng actimtses confomi to
recogni28d stsndards,
Flnanclal rovlow
During the year th6 charity has receivéd lot81 income of £422,928 12023.. £377,924) wlth total
resources expended of £422,123 12023. £380,367) ra8ulb'ng in a surplus of £2,090 12023.. surplus
£1,471) for the y6ar ended 31 August 2024.
R••orv•• pollcy
11 is th6 policy of thè charity that unr88lricled funds 8hould be maintained at a level 8quIv8lent to
behveen three and six month's 8xpenditure. The trustees con8id8rs that reserve8 at thls level will
ensure that, in the event of a significant drop In funding, they wlll bg able to continue the charity'8
currènt activities while consideration is given to ways in which additional funds may be raised, This
level of ￿serveS has been maintained throughout the year,
The tru8t885 have a888ssod the major rl8ks to which the charity is exposed, 8nd are salisfled that
system$ are in place to mitigate exposur& lo the major risks.
Future developments
This year for the charity 8g8in has been 8 posIIIv6 ye8r In the right dlrection for th6 growth and stablllty
for the fvture y88rs. Senior management are continually promoting and growing the charity throughout
Italy and further afleld.
Wè also need lo develop and flnd host famllies for n8xt summer b8eau8e we are starting to have this
klnd of request, and try to promote our programs in néw countries, we also need more rooms for the
summ6r season or try to mov6 Some booklngs in other periods.
structure, governance and managemont
The charity 18 8 company limited by guarantee and governed by it5 Memorandum and ArtScl88 of
Associ8tion datèd 24 September 2014.11 is registered as a charity with the Charity Commission.
The Iru$lee8, who are 8190 the directors for the purpose of company law, and who served durlng the
year and up lo the dale of signature of the financial statements were..
L Pompa
N Francesco
E Yost
Exlsling trustees are responsible for thè recruilmènl of new trustees. In recruiting new trustees, the
exists'ng trustees musl act in the b&st Interests of the charity. New Iruste&s are recruited by word of
mouth and by advertising for the post. Appointments are confirmed by a majority of the votss of the
existing Trustees.

ST JOSEPH FOUNDATION UK
Trust8es' report (Including Directors, report)
For the year ended 31 August 2024
Truste88' report Ilncluding Directors, report) Icontinuedl
The Charity currently operates with the continued 5UPPOrt of The Cooperativa Sociale Islituto San
Giuseppe I"Th8 Instituto'l. a charity registered in Italy. Thi8 has led lo The 18tilulo being heavily
involved in nominating Iruslees. The above trustees were nominated at the date of Incorporalion, of
which t￿0, L Pompa and E Yost, do not hold any offirk with The Instituto.
None of the trustees have any beneficial interest in thè company. All of the trustees are members of the
company and guarantee to contributè £1 in the event of a winding up.
The trustees ar8 responsible for the overall management and Control of the charity with the daily work
8nd implemènlalion of policies being carried out by sènior managèment, Leonardo Salerno. Progress 16
reported back to the trustses at least monthly and wh8n needed, dlr8cI to the Chaimian. N Francesco.
Th8 charity 6nt8red th@ Règister of Charllies on the 31 sl October 2014. The trust888 meet al least 3
Ilme8 8 y8ar and in an annual m88ting lo collecliv8ly make d8cisions for the charSty.
The trust888' report was approved by the Board of Trustees on
L Pornpa
Trustee
, 2025.
N Franeo•co
Trustse
Datèd. 3o.1.ci 2f
E Yo•1
Trust88
Da18d.. 3 1.lgi z
Dal8d. ..lo J.C12<

ST JOSEPH FOUNDATION UK
statement of Dlrectors, Responsibilltles
The directors are responsible for prepanng the report and accounts in accordance wlth applicable
law and regulalions.
Company law requir08 the directors to prepare accounts for each financial year. Under that law the
directors have elected to prepare the a¢counls in accordance with Unit8d Kingdom Generally
Accepted Accounting Practscè (United Kingdom Accounting Standards and applicable lawl. Under
¢ompany18W the directors must not approve the accounts unless Ihgy are satisfied that they give a
true and fair view of the state of affairs of the company and of the profit or loss of thé ¢ompany for
that period. In preparing the88 accounts, the diredors are required to..
s&18cI sultable accountlng policies and then apply them consistently.,
make ludgemenls and esllmates that are reasonable and prudent.,
prepar8 the accounts on the going concern b8s19 unle88 It 18 inappropriate to presume that Ihe
company will continue in buslness.
The directors are responsible for keèping adequate accounting records Ihal 8r8 sufflclenl to show
and explain the company's transactions and disclose with reasonable accuracy al any time the
financial position of the company and enable them to ensurè that the accounts comply with the
Companiés Act 2006. Th8y are also re8pon8ib18 for safeguarding thè assets of the company and
hence for taklng re880nable steps for the preventlon and detection of fraud and other Irr8guladlle8
So far as èach director18 aware, Ih8r8 is no relevant audit Information1SnformatSon needed by the
company's auditors In connectlon wlth preparing thelr report) of which the compan18 auditors are
unaware.
Each director has t8ken all thè steps that he ought lo have tak8n as a dlreclor In order lo make
himself aware of any relevant auidit information and lo establish thal the company's audltors are
aware of that Information.

ST JOSEPH FOUNDATION UK
Independent auditor's report
to the members of ST JOSEPH FOUNDATION UK
Oplnlon
We have audlted the accounts of ST JOSEPH FOUNDATION UK for the year ended 31 August 2024 whlch comprlse the
Income Bnd Expenditure, the Balance Sheet, the Cash Flow slalemenl and notes lo the accounts, Includlng a summary of
significant accounting policiès. The financial reporting framework that has been applied in their preparation is applicab
law and Unlled Kbngdom Accounlln9 Standards, IncludirvJ FRS 102 'Tho Flnancial Reporting Standard applicable in the UK
and the Republlc of Ireland, Iunlled Kingdom Generally A￿epted Accounllng Pracllcel.
In our oplnlon the accounl8'.
glve a true 8nLI falr view of the 8lale of the charltable companys affair5 a8 0131 August 2024 and of Ils Income and
expendllure for the year gnded,,
have been properly prepared In accordance ￿th Unlled Klngdom Generally Accepted Accounting Practice,.
have been prepared In accordance with the requ1￿m¢nI5 ol the Companles Act 2006.
BJ•l• of oplnlon
We conducl¢d our audll In accordance ￿th Inlernallonal Standards on Audlllng IUKI IISA8 IUKII and appllcable law. Our
re6ponslbllllles under Ih08e 8landarrJs are further descrlbed In the Audllor's re8pon$lbllllles for the audll of the accounts
8ecllon of our report. We arg Inde￿ndent of the ¢ompany In accordance ￿th the elhlcal requlremenl8 that are relevant lo
our audll of the account8 In the UK, In¢ludlng thè FRC'S Elhicgl SlandBrd, 9nd the prov181on8 avallable for Small enlllle8, In
th8 clrcumslances sel out bolow, and w8 have fulfllled our other elhlcal re8ponslbllllles In accordance w￿h th888
requlrem&n18. We belleve Ihol the oudll evldence have oblalned18 8ufflc18nl and approprlale lo provlde a ba618 for our
oplnlon.
In accordance wllh the exempllon provlded by FRC'S Elhlcll Sland8rd - Provl8lon8 AvaSlable for Aud118 of Small Enlltles,
we have prep8red and $ubmllled the company'8 return8 to the lax aulhorllle8 and o$$l$lèd wllh th& pffjp8r811on of tho
account8.
Conclu•lon• r•l*tlng to golng concern
In audlllng th8 8Gcounls, we have conclLxled th81 the Iru8leeB' Use of the golng concern ba818 of accounllng In th&
preparallon of the ac¢oun1818 approprl81è.
8a8ed on the work we have perform8d, we have not Idenllfled any m8lerlal uncertalnlSè8 relallng lo events or ¢ondlllon8
Imal, Indlvldually or collecllvely, may cg81 Jlgnlflcanl doubl on the charllable eornpany's ablllty lo conllnue a8 a golng
concern for a perlod ol al lea81 twelve months from when the 8ccoun18 are 8ulhorlsed lor155ue.
Our re8pon81bllllleB and the respon81blllll88 of thè Iru8teeB wllh respect lo golng concern are d08crlbed In the relevant
secllons of Ihls rèport.
Oth•r Inlormatlon
The olh8r Informallon comprlses the InformalSon Included In the report and accoun18, other than th? ocaoun15 8nd ouf
audllor's report Ihereon. The Iru$lee8 are responslble lor the other Informallon, Our opbnlon on Ihg account8 doe8 not
over the other Informallon and, except lo the exlenl Othe￿Se expllcllly $181ed Sn our report, we do not express any form of
oBBurance conclu81on Ihereon. In connectlon wllh our audll of the aceounls, our ro8pon81blllty 18 to read the other
Inlormallon and, In dolng $9, ¢onslder whether the other Inform8llon 18 malerlally Incon51slenl wllh the accounts or our
knowledge oblalned In the 8udll or olheM$è appears lo be mal8rially misslaled. 11 we Idenllfy such malerlil
nconslsten¢le$ or apparent mater181 ml8818temenls, we are requlred lo delermlne whether there 18 o mal¢rl81 m1881alement
In tho accounts or a malerlal mlsslalemenl of the other Inform811on. 11, ba8ed on the work we have performed, we Gonclude
that Ihere Is a malerl41 m1881alemenl of Ihls olhor Inform81Ion, we are requlrod lo report Ihal f8cI,
We have nolhlng lo report In Ihls regard.
Oplnlons on othgr mattgrn pro8crlbgd by tho Compan1•$ Act 2006
In our oplnion, based on the work unLlertaken In the course of the audll..
the Informallon glven In the Iru81ee8' report for the flnanclal ye8r for whl¢h the accounts are prepared Is con¥l¥lent ￿th
the aceounl$', and
the Iruslees, report h88 been prepared In accordance wllh applicable legal requlremenls.

ST JOSEPH FOUNDATION UK
Independent audltorfs report
to the member& of ST JOSEPH FOUNDATION UK
Matters oll whlch we arg rgqulred to report by excaptlon
In the 11ght of the knowledge and underslandlng of the charitable Company and 118 envlronmenl obtalned in the course of
the audit, we have not Identified material m1881atemenl$ in the Irustee8' report.
We have nolhlng lo report in respect of the foll￿ng matters In relallon lo whlch thè Componles Act 2006 requlres u8 to
report lo you If. In our opinion..
adequate accounting re¢ord8 have not been kept. or returns adequate for our audit have not ￿en recelved fiom
branches not v1511ed by us,, or
the account8 are not in agreement ￿th the accounting records and rètums,. or
c&rtain di8c108ure8 of trustees, remuneration 8pecllSed by law aro not made,, or
we have not rocelved all the Inlormallon ond ¢xplanallon5 we requlre lor our audll.
R￿pon•￿ts11lt1￿ of tru•ts••
AS 6xplÈlned more ful￿ in the Iruslee8' re8pon8lblllll88 slalemenl, the Iruslee8 are r88ponslblè for the preparalSon of Ihe
8e¢ounls and lor bebng sallsfl8d that they glve a truè and falr vlew, 8nd for Such Internal control as tho Iru81088 dglermlne
Is nece6$0ry lo enable the preporallon of accoun18 that are Ireg from malerlal mI881alemenl, whether due lo fraud or error.
In preparlng th8 accounts, the Iru81ee8 are re8ponslble for asse881ng the ¢ompany's ablllty lo conllnue a8 8 golng con¢em,
dlscIo8lng, 88 appllcable, matters related lo golng concern 8nd using the golng concern ba$1$ of accounllng unle88 the
Iru81ees ellher Intend lo Ilquldale Iho company or lo cease operallons, or have no reallsllc allernallve bul lo do 80.
Audltor'• ro•ponJlbllltleo for tttè audlt of the accounts
Our obl&¢lSve8 are lo obtaln rea80nable assurance 8boul whether the accoun18 a8 a ￿ole are free from malerlal
m13318lemenl, vknelher due lo fraud or error, and lo 188ue an audllor's report that Inelude5 our oplnlon, Rea8on8bl¢
a$sur8nce is a hlgh lovel of assurance, but 18 not a guarantee that an audll conducted In accordanc8 wlh ISA8 IUKI ￿11
alway8 dèlecl a m8lerl81 mlsslalemenl then 118xls18. MlsslAlemen18 can ar18e from Iraud or error and are conBldered
malerl81 If, Indlvldually or In the aggregate, they could reasonably be expected lo Influence the economlc decl8lon8 of users
taken on the ba818 of Ihe8e 8ccounl8.
Irregularlll88. InGludSng fraud, are Instances of non-compllance ￿th laws and regulallons. We de8lgn procedures In Ilne
¥Mlh our r83pon81bllSlles, oullln8d above. lo d8lecl m818rlal ml651alemen18 In respeGI of Irregularllle6, Includlng fraud. The
exlenl lo whlch our procedure8 are Capable ol delecllng Irregularllles, Includlng fr8ud18 delalled below.
B88ed on our underslandlng of th8 charllable company and the environmenl In whlch 11 operate8, ￿ Idenllfled that the
princlpAI r18ks of non-coM[￿lanG8j ￿th laws and regulallon8 related lo the regulatory requlremenls ol the Charlty
Commlslon and the st8lulory 8afeguardlng, and we con¥ldered the extent lo whlch non-compllance mlghl have a malerlal
effect on the flnanclal 818lemenl. We also con81dered those la￿ and regulallons that have a dlrecl Impact on the
prep8rallon of the accounts such as Ihg Ch8rllle8 Act 2011, Charllles SORP 120191, CornpanleB Act2006 and payroll
laxe8.
Enqulrf88 of management regardlng corre8ponden¢e ￿th regul8lor$ and lax aulhorllle$',
D18CU881on8 wllh management Includlng con8Sderallon of known or $u8P8cled In81an¢e8 of non-compllan¢e wllh law8
and regulallon ond fraud.,
ReVIe￿ng the controls and pro¢edure8 of the charity, particularfy in relalSon lo the recordlng ol Income and woce6$1ng
of paymen18 and p&yroll, to en&ure Ihe8e were in place Ihrou9hout the yo9r,'
Evaluating management's controls designed lo prevent and delecl irregularllles.,
Reviewlng and testing journal enlrles made In thè year, partlcularly those made 88 Part of the year-end flnanclal
reportlng process,. and
Ch8118nglng as5umpllons and Judgemen18 made ty management In Ihelr accounting e8tlmal88 whlch compr189
depreciation. accruals and doferred income.
A further des¢rfplion of our re8ponsibllities lor the audit of the accounts is located on the Financlol Reportlng Councll'8
website al ww.frc.org.uklaudllorsresponslbllltlgs. Th18 descriptlon fomis part of our auditor's report.
The Iruslees have elected for the financial slalements lo be audlled In accordance ￿th the Charitie8 Act 201 I rather than
the Companle8 Act 2008.

ST JOSEPH FOUNDATION UK
Indepèndent audltor's report
to the membef5 of ST JOSEPH FOUNDATION UK
Usa ofour report
This report 18 made solely lo the charltable ¢omp8ny's membeis, as a body, In accordance with Chapter 3 of Part 16 of the
Companies Act 2006 and lo the charflable companW8 Iru8lees, as a body, in accordance with Section 144 the Charities Act
2011 and in accordance with regulations made under section 154 01 the Act, Our audit work has been undertaken so Ih8t
e might slate lo the company's members Ih08e matters we are requireij lo slate lo them in an audSlor'3 report and for no
other purpose. To the fullest exlenl permitted by law, we do not 8ccepl or assume rèsponsibility lo anyone other than the
pany and the Gompanws members as a body, for our audit work, for this report, or for the opinlc¥)8 we have formed.
Ravl Koppa
(Senlor Stalulory Audllorl
for and on behalf of
CK P8rtner8hlp
Accountan18 and Slalutory Audllors
1 Old Court Mew8
311 Ch989 Road
London
N148JS

ST JOSEPH FOUNDATION UK
Statement of financial activities
Includlng Income and expenditure account
for the year ended 31 August 2024
Unrestrlctod
funds
Total
2024
Total
2023
Nots8
Income from:
School fee income
Investments
Total Incomo
422,928
422,928
377,924
10
377,934
422,936
Expendltur8 on:
Raising funds
Chafltable activities
Interest payable
Total re80urc88 expended
330
421,592
201
422,123
330
421,592
201
422,123
1,307
377,266
1,794
380,367
Other operating incom6
1,277
1,277
3,904
Not Incoma for thè yaarl
Net movement In fund8
2,090
1,471
Fund balances at 1 Septemb8r 2023
12,843
12,843
11,372
Fund balancos at 31 August 2024
14,933
14,933
12,843
The statement of financial actlvities include8 all gains and1088es recognised In the year.
All income and expenditure deriva from continuing activities,
The statement of financlal activities also complies wlth the requirements for an incom8 and expenditure
account under the Companies Acl 2008.

ST JOSEPH FOUNDATION UK
Balance Sheet
as at 31 August 2024
Notes
2024
2023
Flxgd a880ts
Tangible assets
12
3,603,712
3,584,881
Current a88et8
Debtors
Cash al bank and in hand
13
28,994
10,539
39,533
55,094
1,438
Cradltor8: amounts falllng due
wlthln ona yèar
14
(27,201)
120,5701
Ngt curront a880ts
12,332
35,962
Totsl a8•ets1088 currnnt
Ilabllltl•8
3,816,044
3,620,843
Crèdltor•: amount8 falllng du•
after moro than ono year
15
126.1111
{33,0001
Not a••et8
3 589 933
3 587 843
Income lund8
Revaluation reserve
Unrestricted funds
16
3,575,000
14,933
3,575.000
12,843
3.589 933
3 587,843
The flnancial 8lal&ments were approved by the Trustees on .
. 2025
L Pomp8
Tru8t•e
N Franc8SCO
Tru8teg
E Yo•t
Trustee
70 Ic/ir......,
2025
10

ST JOSEPH FOUNDATION UK
Statement of Cash flow
for the year 8nded 31 August 2024
2024
2023
Nots8
Ca8h flow8 from Opera￿ng actlvltle8
Cash generated fromllabsorbed by)
operations
17
32,265
11,3521
Invo8tlng actlvltle8
Purchase of tangible fixed as88t8
Interest received
123,1721
10
Net cash generated froml{u88d Inl Inve$tlng
actlvltle8
(23,184)
10
Flnanclng actlvltlo8
Rèpayment of b8nk108ns
Net ca8h u•ed In flnan¢lng actlvlt108
Net Increa•e In ca8h and c8•h equlvalènt•
9,101
(1,3421
Ca8h and cash equivalents at beginning of year
1,438
2,780
Cash and ca8h equlvalent• ot end of yoar
11

ST JOSEPH FOUNDATION UK
Statement of Changes in Equity
for the year endod 31 August 2024
Share
Sharo
cApltal promlum
Proflt
valuatlon and1088
reservo
account
Total
At 18eptsmbar 2022
11.372
11,372
ProfSt for the flnancial year
1,471
1,471
Galn on revaluallon of land and
buildings
Other comprehensive income for the
financial year
Total compr8h8nsiv8 incom8 for the
financlal y88r
3,575,000
3,575,000
3,575,000
3,575,000
3,575,000
1.471 3,576,471
At 31 Augu8t 2023
3 575 000
12 843 3 587 843
At 1 Soptember 2023
3.575,000
12,843 3,587,843
Profit for the financi81 ya8r
2,090
2,090
At 31 August 2024
3,575 000
14 933 3 589 933
12

ST JOSEPH FOUNDATION UK
Notes to the Flnancial Statements
for the year onded 31 August 2024
Accountlng pollelos
Charlty Infom7atlon
Sl Joseph Foundation UK Is 8 prlvat8 company limited by guarantee incorporated in England and
Wales, The registered office is 29 Bramley Road, London, N14 4HE.
1.1 Accountlng eonventlon
The accounts havé been prepared In accordancè with the Charities Act 2011, the Companies Act
2006 and "Accounting and Reporting by Chari118s.' Stat8m8nt of R8commended Practic8 applicable to
charitses pr8paring their 8cwunt5 in accordance with the Financial Reporting Standard applicable in
the UK and R6public of Ireland {FRS 1021 las amended for accounting periods commencing from 1
January 20161 Th6 chgrity is 8 Public Benefit Entity as defined by FRS 102.
The financSal slatèmenls are prepared in 8tsrling, which is the functional currenry of the charity.
Mon8lary amounts in these flnancial statements are rounded to thè nearèst £.
The flnancial stalem6nls have been prepared under the historic81 cost convènllon. The prlnclp81
accounting policies adopted are set out below.
1.2 Golng concern
At tha tlme of opprovlng the financial st8t8ments, the trustses havè a reasonable 8xpecta￿On that
the charity h85 adequate resources lo continu8 in operational existence lor the for8S8eab18 futur8.
Thus the truste88 conllnue to adopt the going concèrn basls of accounting Sn preparing th8 financial
statements.
1.3 Charltable ftinds
Unr8slrlct8d funds 8r@ available for use at the dSscretion of the Iruslees in furth8ranco of thelr
charitsble objecllves unless the funds have b88n designated for other purpos88.
1.4 Incomlng ré$ource8
Income is recogni9gd at the fair value of services provided and is derived from 18ngu8ge course
fees arlsing in the United Kingdom.Turnov8r1s Slated net of dlsocun18, Other $8le6 taxes and net of
1.0 Rèsources expénded
Resource8 expgnded are included in the Statement of Financial Activitles on an a¢crual basls.
1.8 Tanglble flxod assets
Tangiblè fixed a8861s 8re initially measured at cost and subsequently measured at cost or valuation,
nel of depreciation and any impairment losses.
Depreciation is recognised so ag to write off th8 Cost or valuation of assets less their resldual values
over their useful Ilves on the followlng b88e8.'
Leasehold improvements
Flxtures, fittings and equipment
5% slraight line
100/0 8traight Ilne
Thé gain or loss arising on the dlsposal of an asset is detèrmined as the differen￿ betsveen th& $818
proceeds and the carrying value of the asset, and is r6cogniwJ in net incomellexpendilure} for the
year.
Freehold land and buildings are not depreciated. They are valu6d annually by a qualified independent
expert. Any gain or loss is reflected through the revaluation reserve.
13

ST JOSEPH FOUNDATION UK
Notes to th& Financial Statements
for the year ended 31 August 2024
Accountlng pollcles Icontlnued)
1.7 Impalmient of flxed assets
At 6aeh reporting end dale, the charity reviews the carrying amounts of its tangible assets to
dètermine whether there is any indication that thos6 assets have Suffered an impairment loss. If any
such indication èxists, thè rècoverable amount of the asset is estimat8d in order lo d8t8miine the
extent of the impairment loss lif any).
Intangible assets with indefinite u8eful lives and intangible assets not yet available for use are tested
for impairment annually, and whenever there is an indication that th8 asset may be impaired.
1.8 Cash and cash oqulvalents
Cash and cash equivalents include cash in hand, deposits h81d at call with b8nk8, Other short-term
Ilquid investments with origlnal malurllies of three months or 1888, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
1.9 Flnanclal Instruments
The charity has 818cted to apply the proviBion8 of S8Ction 11 'Ba81¢ Financial In8trumenls' and
Section 12 '0ther Financial In8trum8nts188U8$' of FRS 102 to all of ils financial instruments.
Financial instruments are recognl8ed In the ¢harltls balancè 8heet when the charSty becomes paty to
the contractual provisions of the instrumènt.
FSnaneial assets and Ilabllllles 8re offset, with the nel amounts present6d in thè financial slatemenls,
when ther8 is a legally enforceablè right to set off the recognised amounts and there is an intention to
settle on a net bgsis or to realis8 th6 asset and settle th8 liability simultaneously.
8a41¢ Ilnan¢lal assets
Basic financial ass6ts, which include debtors and cash and bank b8lances, are initially measured at
transaction price including transaction costs and are subsequently carried 818mortised cost using th8
effectivè interest m8lhod unless the arrangèm8nl constitutes a financing transaction, whère the
transaction is rne8sured at thé present value of th8 future receipts discounted at a market rate of
interest. Flnancigl assets classified 88 receivable within one year ar8 not 8mortised.
Dereeognltlon of flnan¢lal assets
FSnan¢ial asset8 are dorecognised only when the contractual rights to the cash flows from the asset
expire or are settled, or when the charity transfers the financial asset and subslantlally all the risk8
and rewards of ownership lo snother entity, or if some significant risks and rewards of ownership
arè retained but control of the assat h8$ transferred to another party that Is able to sell the asset in its
entirety lo an unrelated third party.
Baslc flnanclal Ilabllltles
Basic financlal liabilib'es, includlng creditors and bank loans are initially recognised at transaction
prlce unless the arrangement constitutes a financing transaction, whère the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest.
Financi81 liabilitses classified as payable within one year are not amortised.
14

ST JOSEPH FOUNDATION UK
Notes to the Financial Statements
for the year endod 31 August 2024
1.9 Flnanclal Instruments (contlnued)
Baslc financ181 Ilabllltlgs (contlnued)
Debt in8lNments are subsequently carried at amortlsèd cosl, using the effective interest rate m8thod.
Trade creditor8 are obligations to pay for goods or Services that have been acquiréd in the ordinary
course of operations from suppliers. Amounts payable are classifi'ed as current ligbilities if payment
Is due within one y8ar or18ss. If not, they gre presented as non-curr&nt liabilities. Trade créditors ar
recognised initially at transaction price and subsequently measured at amortised ¢ost using the
effective Interesl method.
Dor•cognltlon of flnanclal Ilabllltl•s
Flnan¢lal liabilities ar8 d8recognlsed when the charity's conlraclual obligation8 8xplr8 ar arè
dlscharged or cancelled
1.10 Employee b•noflts
The cost of any unu8ed holiday entitl8mant 18 reicognised in the period in which the 8mployee'8
8erviceg are rec6iv8d.
T8rmin8tion benèfSts arè recognised imm8di8t61y as an expense when the charity is d8mon8trably
committed to terminaté thé employment of an employee or to provide termination benefits.
Crltlcal accountlng Mtlmatu andJudgem8nt•
In th8 application of th8 charills accounllng polic188. the trustees are required to make ludgemenl8,
8Stimate8 and assumption8 about the carrying amount of a88ets and liabilities that are not readSly
apparent from other sources. The e81imal&s and associated assumptions are based on historical
experience and other factors that ar8 considered to be r818v8nt. Aclu81 r&sults may differ from th888
eslimales.
The estimates and underlying 888umption$ are r8vi8w8d on an ongoSng ba818. Rgvisions to
accounting eslimales are recognis6d in the period in which the estimate is revised where the revision
affects only that period, or in the period of the revision and future periods where the revislon affects
both current and future periods.
School f•è Incom•
2024
2023
Language cour60 Income
422,928
377,924
422.928
377,924
Oporatlng results
2024
2023
Depreciation of owned fixed assets
Auditors, remuneration
4.341
4,500
2.023
4,500
Auditors, renumeration relates to audit fees only and does not include any non-audil work.
15

ST JOSEPH FOUNDATION UK
Notes to the Flnancial Statements
for tho year ended 31 August 2024
Unr08trlctad
fund8
2024
Inv•stment8
Total
2023
10
10
Ralslng fund•
2024
2023
Fundralslng and publicity
Adverb'slng
330
1,307
330
Charltable actlvltlg8
2024
2023
ProvSslon of language cours88
Sludenl travel costs and other 8xpendlture
School c818rlng
87,277
48,520
38,182
173.979
77,523
59,879
34,914
172,116
Share of 8UPPOrt co$ls1880 notè 71
Share of govern8nce ¢ots18 IBee note 71
236,563
11,050
247,813
195,317
205,150
Total chafltable 8¢llvllles
421,592
377,288
Analy818 by fund
Unr88lricted fund8
421592
377 266
16

ST JOSEPH FOUNDATION UK
Notes to the Financial Statements
for the year ended 31 August 2024
Support CO8t8
Support
co•t8
Governance
C08ts
2024
2023
Staff ¢081s
Depreciation
Insurance
Repair8 and malnlenance
S¢hool Irlp8
Pr8mi$e$ Gos18 and other
gxpendltur8
L&gal and profe8s1onal
Accountancy
121,485
4,341
24,376
10,290
11,325
121,485
4,341
24,376
10,290
11,325
96,131
2,023
12,964
7,065
14,600
64,746
84,746
4,050
7,000
247613
62,534
4,833
5,000
205.150
4,050
7,000
236 583
An81ysed tse￿e8n
Ch8rllable aGlivllie8
236 583
11,050
247613
205 150
Th8 a110¢81ion of support and governance costs have b8en allocated lo the Charlty'8 8018 charflable
activity. b6ing the provi8ion of language ¢ourses
Tru•tee•
None of the Iru8tè8s Ioi any por80n8 connected wllh them) rocelved any remun8ratlon durlng the year,
10 Audlt Inforniatlon
The audlt rèport is unqualSfl8d.
Senloi 81alutory audStor'.
Firm..
Date of audit report.,
Ravi Koppa
CK Partnershlp
11 Employ•••
Numbgr ol employa•8
The average monthly numbor of employees during the year was..
2024
Number
2023
Number
Administratlon and support
Employment costs
2024
2023
Wages and salari8s
Employerfs Nl
Pensions
114.248
4,731
2,506
121485
93,263
1,153
1,715
There were no employees whose annual remuneration was £60,000 or more.
17

ST JOSEPH FOUNDATION UK
Notes to tho Flnancial Statements
for the year ended 31 August 2024
12 Tanglble flxed a888ts
Leasehold
Improveme
nt•
Flxturfr8,
flttlng8 &
equlpmenl
Freehold
land &
bulldlng8
Total
C08t
At 1 September 2023
AddStlons
At 31 Augu812024
15,876
15,478
23,172
38,650
3,575,000
3,806,154
23.172
3,629,326
3,575 000
Doproclatlon and Impalrmont
At 1 September 2023
Charge for the year
At 31 August 2024
12,308
8,985
3,557
21.273
4.341
13092
Not book value
At 31 August 2024
26 128
3 575 000
3,603 712
At 31 Augu312023
3,368
6,513
3 575 000
3 584 881
Freehold land and buSldlngs are not depreciated. They are valued 8nnually by a qualified Independent
expert. Any gain or108s is reflected through Ihg rgvaluallon reserve.The freehold land and buildings waB
valu8d a8 at 31 Augu812023 on an opon markfrl basis by James Portugal_ Chartered Surveyor.
13 Doblorn
2024
2023
Trade debtors
Accrued Income
28,994
47,794
7,300
28,994
All debtors are baslc flnan¢i81 instruments measured at amortised cost, with the 8xceptson of
prepayments.
18

ST JOSEPH FOUNDATION UK
Notes to the Financial Statements
for the year ended 31 August 2024
14 Credltor8: amounts falllng duo wllhln oné year
2024
2023
Bank loans and overdrafts
Taxation and social securSty cos1$
Accruals
P8nsion liablllly
Wages control account
Other creditors
4.SOO
2,617
5,000
1,378
11,116
2,590
27,201
4,500
1,457
5,000
1,354
5,689
2,590
20,570
All creditors are basic financial instruments measured at amortised cost, with the exception of othèr
taxation and social Security, deferred Sncome and advanc8 fees.
16 Crndltor•.' amounts falllng duè after one y•ar
2024
2023
Bank108n8
33 000
Th8 loan Is Snter8$t free and unsecured.
16 Rovaluatlon r•••rve
2024
2023
Al 1 September 2023
Galn on revaluation of land and bulldSng8
3,575,000
3,575,000
At 31 August 2024
3 575 000
3 575 000
17 Related paty trAn•a¢tlon•
There were no di8closablo related party transactlons during the year {2023
management remun8r8tion durlng the year w85 £49,61512023- £30,000) .
nonè) Total Key
19

ST JOSEPH FOUNDATION UK
Notes to the Financial Statements
for the year ènd8d 31 August 2024
18 Cash goneratsd from oporatlon8
2024
2023
Surplus for the year
2,090
1,471
Adluslmen16 for..
Invesbnenl Income r8cognls8d In slat8menl of fSn8nclal aclivitl8S
Loss on dlsposal of langlblè fixed a58818
Depreciation and Impalrment of langlble fixed assols
181
110}
4,341
2,024
Movem8nl8 In worklng capltal..
Decreas8lllncreasel in debtors
IDecre88ellincrea$e in ¢redllor8
26,100
12581
11,0941
13,7431
C88h g8nerat•d froml{ab8orb&d by) operatlon8
32,285
20