Clwity R8gstrath)n No. 1159037 Company Regi8tralion No. 09Z34192 (England and Walasl ST JOSEPH FOUNDATION UK Report and Accounts For the year ended 31 August 2025 ST JOSEPH FOUNDATION UK Report and accounts Contents Information Trus18es' reFX)rt and dir￿lOr rekKJrt Statement ol dir8etor5' r8spJnsit4'1ib8S lrKleper￿e￿t auditors repTr Statam8nt ol finanfil aCti￿DeS 24 6-8 Balaru she8t 10 Statement ol changes in 8quty Notes to the finanaal sialemem 11-19 ST JOSEPH FOUNDATION UK Company Inf(wmation Trusl L Pompa N Francesco E Yost Company numbef 09234192 Charlty nun 1159037 prtnclpal addr 29 Brarnley Road London N144HE R•glsl¢red oflk 29 Bramley Road London N144HE AudStors CK Partnership Ltd 1 Old Court M8WS 311 Chase Road London N14 ST JOSEPH FOUNDATION UK Trustees, report (including Directors. rewi) For the year ended 31 August 2025 The trustees present thwr reFQrt and finanTrd staternents lor the year end&J 31 A￿U$l 2025. The accounts have wepared in acuYdanL¥ Ihe alxounling Oiraes set out in note 1 to the accounts an¢J with th8 Charibes Act 2011, the Companies Act 2￿6 and "Accoun15ng and Reporting by Charities.. Statement ol Recommended Pracbca apWicaLYt to charTties preparing their accounts in accordance the Financial AekX)rting Standard aFOicable in the UK and Republic of Ireknd IFRS 1￿2>. las ameThknJ lor aco)unb"Nd F*nc#Js commonorKJ trom 1 January 20161 ObJ8eiives and aclfvili08 The charity's obj&ctivès aro th9 advancement of eLI￿atiO￿. in partuilar, bLrt not èxdu$ively, by the provision ol EThJlish language teaching to StrJd&nts trom in Itaty. The chatity ￿kS to a(fvance Rornan Catholic r8ligion in assotsab.on wlh educationJ activity. To achieve these Obj￿ thg chanty has (Ny8nis•Y a resKlential schcol that WOVKles an education￿ environment that Can Wp develop the skills and Capatx1￿es of the sttKlents through our cultural and &JUcatKj￿ activities. In our school we havè estthl5h￿I an enwronment whera èach S￿dent can experience lull integration the laryuage thern to wacti¢e and gwn knO￿edge of the English traditions within a sb"mulab"ng and 5￿Ure spa￿. The Ic¥Jnda*"on furthers its chariiablé purwses for the wblic benefit thro(vJh pro￿01"nO tt)0$0 facilit￿s. We a￿ an equal 0￿rtu￿ty organization and are commrtted to a workTng environment that is frea from any form ol discriminab"on. (hjr gLhool is comrnitted to safeguarding aThJ womoting the welfa of our pupils and expeas JI staff and voluntegrs ￿ share Ihi5 comrnitrneni. The truste8s have pwd due regard to gU*jan￿ ISSU￿ by the Charity Commission in daciding what activities tha ch&xy should underlake. During past year. we have estaNishÉd signify2nl new connections Italian schThJs ir several r8gons, induding Lombardia. s￿lY Icatanial. Trontino IRoveretol. Veneto (Padoval, and Piernonte (Turinl. Outside Itèty, we have ￿ntinUed to strengthen ojr relationship5 in Romania, Spain, Portugal, Korea, and Vietnam. whilè also developing new ￿nneCtionS in ThailatKI additional ￿giOnS of Spain. Looknng ahgad, the Director wll be &Woring now markets s￿h as Inth)nesia and Japan. We have also focused on enhancirMJ the qu￿Ety of OUT Gener￿ Eng115h o)urses by adopiing a lull- imrrF8fsiw qDproach that emphasiz¢$ stpaking Skil￿ through daily life and activities in London. This apwoach is dasign8d to [y0v￿e s￿(￿nts ￿th laryuage skills that they can us8 immodiataty in authentic situat'ons. One ol our flagship pr(yrarns. "Real knfe London Exwriènce," launched sevgral yaars ago, has seen growng demand. The rx(xJram is designed for students wtth at least a Bl levd ol English aTrY cornbines morning 18S59ns wth aftemoon volunteer for Socal charities. This ￿MbIna￿.0n of dassroom leaming and wactical eXFerien￿ helps slud&nts aw'.y their larrtJuage sknlls in ffleaningful and engaging ways. A(klIt￿n￿ly. we are ¢JeveloF¥ng a new surnmer Fryram t&br¥d for students apy 16 10 18. Our focus on MaIn￿ning h4gh academic slandatds. combined our supportive lamilf environmènt, ￿1p5 Students socialyie, gan confidence, aThJ makg Ihe most time with us. ST JOSEPH FOUNDATION UK Trustees, report lineluding Directors. roPOrt} For tho yoar ondèd 31 August 2025 Tius*ees' ￿pOrt (includlng Directors. rewt) (conllnued) All resourcès avwlthe hava Lwen utilized to achieve the chariW5 objectives. It is important to note th the charty ¢Jo*s not general￿ en9age in fundr&sing acbvities. and no professiona or cornmercA fundraisers are invdv&Y. The truste8s ￿ satisfi&J Ihat the charivs fU￿1raiSIrO acbvibes confvrm to recogniz&J staThJar(Is. Hnan¢l¥l revkw During the yaar th& charity has re¢eiv&J tot￿ Income ol £474,166 12024: £422,9281 with tolal resources 01 £469,169 12024.. £422.1231 r88v￿r￿j in a suwus 01 £4.997 12024". sU￿u$ È2.Ml for the year eTrJed 31 AJJgust 2￿25. Reserv8$ pollcy li is th6 ol the (*arrW that unresirfcted ft1r￿s should bè mainlained al a lavel equivalent to bets¥een thr8e and six month's eXpe￿IllUre. The trustees considers that reswves ai this lèv81 ￿11 ensure that, in the 8venl of a swJnrfKant drry) tn lunding, Ihgy will be atAe to (xjatinue the charltys current aeliv￿eS while ct)nsKlerabon is given to ways in whth add1bOn￿ funds may b8 raised. Thls 18vel of ￿serVeS has be8n mwnla.wj 1hro￿hOul the ye8r. The reserves at thè year end was £19,930 12024 .. £14,933). Thè trustees have 8SSgs8ed the maior to ￿1¢h the charity ejposed. armj are satisfled thai systerns are in ￿ac4 to mibgale eXP￿re to the rnaior risks. Futu￿ deVelOpn￿nts This yèar has On￿ again been a wbve one ts Ihe charity. marknrrfj conbnu&J pw8ss towards growth and kjng-terrn slats"ity. S8nior manag8m&nt trjntinues to acbvety wornots and expand the charity trroughout It￿Y and intama1.0na￿. We also need to further develop and r￿f( Ix)sl familigs lor nèxt summor, as wu&sis for this tyFo 01 ac(x)rnrnodation are irK¥easing. In athJttK)n, we wm to womot8 our F*ograms in nèw ¢y)untries and sacure rnore accommthbon capacty lor thtr 8urnmer seasofi. while ￿s0 enc(yJragsng 50rne bookings durirYJ atternativa parK￿S of Ihe year. Th• charity is a c¥)mpttny lirnited ty ￿￿antee aryj wmwj by its Memorandum ￿tel8$ of AssocIat￿n ¢Jatad 24 Seplemter 2014. It is r8gister&Y as a ehartty with the Chwity Commission. sting truste&8 are r85ponsNI e lor the r8crutiment of new trusl885. In recruibng now trustees, the èxisting Iruslees must act in th8 t*si imerests of the charity. New trustees are recnJited by word of mouth and by adverising for the F￿t. are ¢))nfimi&l by a maim ol the votès of Ihe èxisting Trustees. Aeferenco and admlnIslrn￿ dvts118 The charity is known as St J¢)seph Fourthtion UK. Chartty Registration No. 1159037. The chanty is noi known by any olhar nam8. Company re￿$tration no.. 09234192 IEngland and w￿&s1. Prinupal addrass 29 Brarn￿y Road ST JOSEPH FOUNDATION UK Tiustees, ￿Ptsrt Ilncludlng Olre¢tor$' rewt) For the year erKled 31 August 2025 PrinLipal addr8ss and Ragistared off 29 Bramlsy Road London N144HE The trustses, who ar8 aL￿ Ihe threctors lor the wryy)se of company law, and w￿) $￿ed during the year and up to tho date ol signaturg of Ihe finan(aal statements ￿re.. L Pompa N Fran¢esco E Yost Charlty Gov•mane• Codè The Trustees recognise the importance of strong &*￿erna￿e in ènsuriNJ ihe 8ftectNe stewardship ol the ¢harity and contrnu￿ delivery of its charitable O￿.e￿eS. During the year, the Trustees have considered Ihe princi￿8$ sat out in Ihe Chartty Govèmance Cod8 and hav8 a￿ted th8 CcKle as a frarnewoAL tor gOC￿ governance and ojntinuous impyovemeni. The Trust8es regularfy reviow tho charity'5 governance arrangements, induthng laadatship. intwity, decisK)n-making, iisk rnanagement ar￿ board effeclweness. lo ensure they remain proporbonate to the soe an(J aciivthÈS of the charity. The Board is satisfied Ihal the charity's govemarKe practices are conststenl with the key Wncip￿S of the Charity G0vema￿e an¢J is committ8d to ongoing rwew a￿1 development in this area. Trustees. report {inclu(fing Diroctors. report) {conllnugd) The Charity currently operates Iho contin(￿￿ SUFP)rt of Thè c(M)￿ra￿Va Swale Istituto San Giuseppe Iyhe Instituto-l, a charity wistered in ￿y. This has 18d to The Istituto being heavily involved in nominating tnJst8es. The above tnjstees were ncxninated at th8 dat8 01 incorporation, of whiGI tro, L Pornpa and E Yost, do rot hokl anyoffice vrilh The Instituto. None of the trustees have any t*net￿la1 inter8Si ir ihe cornpany. AJI of the trustees are members ol the cofflpany and guarant¢9 io ￿ntrit￿le £1 in Ihe event ol a ￿￿lIng ￿. Th8 trustees are reSp)nsi￿e lor the overJl managernent and conlrol ol the charity the dwly *Drk and implemeniaton of FY)liaes t￿.￿J carried out by senior managernent. Leonardo SaleTno. PrDJress Is rgported back to tho trust￿ at kast monthty arKI whefj needed, direct to the Charman. FrancevKo. The charity entered the Register of Chanties on Ihe 31sl Cktoter 2014. Th8 Iru5tees rneet al least 3 IFmos a year and in an annua meeting to cdlectivdy maks deusK)ns for the charity. Iq The trust8e5' rep(wt W&8 aFvov•Y by the Board of Trustees on .................. May 2026. Lpom Trustee E Yosl Trusta• ST JOSEPH FOUNDATION UK Statem8nl of Directors. ResponsibilIt￿& The directors ore resFKJnslc4e for weparrrwJ Ihe rep*yt aThJ a(thurts in accordance *ith law and r￿￿la110￿8. Company law raquires Ihe direciors io praparè aoy)unts for each y8ar. Under that law the directors have dected to preFwe the acewfits in actordance Uniw knnTrYom Genorally Accgpted AccountitvJ Practice Iuniied ￿rK￿y0M A(wuntiThJ Standards arwicable lawl. UThJ&r company the djractors rnust not aFvove the aLt(MJnts Un￿ they a￿ satisfth that they give a tru8 and fwr view ol the state of affairs of Ihe company and ol the pwofit or h)ss of thè company for that per¥od. In preparing ihese awjunts, the dir￿lor$ ara r￿UlTed ro: sèl8Ct suitatAe accounting wl¥iès arKI then apFly Ihem eonsistgnty,. rnake judgements and 95timates that are reasonthe and pYud8nt,' prepare Ihg accounts On Ihe wng c0￿M basis unless it is in4yorxiats to presume that th8 rA)mpany wll eontinu8 in business. The diractors are responsi￿? lor ke8ping adg]uale accounting r8¢ords that are sutticiont to $h¢)w and éxplain the companYs transactions and di8dw wih r8a50nable accuracy ai any timè thg linanual WIS￿0￿ of the cornpany an¢J ÈnatAe them to ensu￿ that the accourts comth with tha Companies Act 2006. They are aso respon5tUe Iw safeguarding ihe assets of the company and hence for taking reasonthe steps the wèv8ntion and detectiop ol fraud aN1 othtrr irregularib'es. So lar as 8a¢h rfirector is awam, thern is no relevant audit inlomiab.on linforrnation needed by the companvs audito￿ in Conn￿1￿)n wepartng ih8Fr fwrtl of ¥th￿h Iho ￿mpan￿S authtors a unaware. Each director has taken all the steps that he 0￿ht to have taken as a dir8Ctor In order to make hirnsell aware of any relevant auN*'t information and to estthish that th8 compan1$ audil¢xs are aware ol that infomiath"on. ST JOSEPH FOUNDATION UK Ind•p•ndÈnt auditorfs report to the n*mbeTS of ST JOSEPH FOUNDATIOM UK Oplnlon We have athrted the acctyJnts ol ST J)SEPH FCXJNDATKAY UK lty year 31 AugLsI 2025 which cornwse I Incorre a￿1 E¥peTrJiture. the Balan￿ Sheet, Cash Fbw aTrJ rK*ies lo the a(xwnts. I￿1￿￿1￿j a summary of sunilicant accountiry Wicies. The fina￿￿ rer*)￿ffj fTarrv*th that has b88n in tsir prep8raDon Is applicabl8 law aTrJ unit￿ AccouFrtirMJ StsTrJths. 1rd￿1￿j FRS IIR FirwnuJ Rer#ytwKJ Siwthrd •F4Kab* in the UK the ReputAic of Irélarrf (unit￿ Kiykm Generally Awi•J PraciKel. In OLfOF4nw ￿ accwms". oive a trJ8 ￿ l•r ¥iw•ol thg slate of ts ¢har*thc£rfrwrrfs affair88s at31 W51 >)25 ar&¢ of its arKI exp8nditwe lor fv yeareTrJe¢J'. Basb80f oplnlon W8 corK1ucttrJ our a￿lit in aLw¢ar¢e Internalw￿ &an(knts ffi AL￿￿ThJ (UK) IISAS IUKII apFIKd)k Lgw. Our reswnsib"1th8s Slap*Ja￿ are ILts ¢JwtsJ In tr* A￿Irt￿5 res[￿$bi￿11eS lor thè a￿lit of the accounts s￿tiL￿ ol eur rwrt. We are irxlwertht cl ccryany in with the eth¢al fwuirements thal ar8 reK8varn our d￿rt ol the ar£ounts In the UK, Ir￿￿r¥j FRC'5 Ethic* StaThJ8rd. arKI ts tXQVi5￿n5 availab￿ for $m￿l enbtE5. In Ihe ¢ir¢wbtarw set out have wr ot￿r 8th￿ ￿S￿￿51tH1rt￿s in accrKdarte with uirem8nts. We bdieve Ihal tts audit ev￿ * have (thrEd Is 5uftuni afvj ar4)rwate to wovwJe a ba81$ for ow opniffi. In a(x0rda￿e wth the exemo*Jn py0vw￿l by FRG5 EthK￿ SiaThJwd. Pm1&K￿$ Avwith lor Audrts of Smll Enbties. we have preF4red and submrft&l th9 ¢y)rrws rebJms ￿ thttax aUttKYiJ￿ an¢ a￿St•j wrth ts prwabon of tha ¥¢ounts. Conclusions rdatlng to ¢ObK In audrfing the acccMJnL%, ￿ have crn&LthJ thai Ih8 tn*iee5' w of bas￿ of ar￿Untir￿a in t prwatron ofthe attourns Is ai¥¥w*te. 8asul on Ihe woth we have pwtom)èd, wa have ml xjenbf￿j ary Materi￿ I￿￿rt￿ntieS relating to events or (x)￿111￿)rts that, irxJwidu*ly or coH8CINety, may tast swthant tkxtrt on ts chanith (xryanys atmltyto L*Jntinue as a otyno wrttm for 8 no101 at lea5t1*Y￿e rroTrths Ircm are au1￿*1 for tssue. Ojr reEwn&t4liti8s atKt the reS[￿%￿lI￿1￿ ol the lrtjst￿s wilh re¥￿ 10 gcon ther￿)n. In COWDon with wr a￿jrt ol *wunts. ￿r reswrsibilty is to reaLJ the oit*r Intormation , in (bing se. cMsx1er the ots inlomMb(x) rTBtenalty irtonsisieni wilh ￿￿unIS or krK)wlÈdge cknained in the autht ty Olherwse appeats to be rTwleri*ly ￿SS￿*y. 11 we Klentity Slth m*erk¥ incon5islewe5 or app8r8nt rnateril ￿5*￿Ments, ￿ are required 10 d8tern￿ wlthr ￿re is a rwerial mL4StatenEni in the ￿Unts or a materul mis8taiemeni ol uie ofvr inlrxmation. M, the work we h&e tHfLwrr*d. thal is a m*8r mi$stater￿n1 ol thi8 Olher Infcymakn, are to repyt that la We have to w)rt in Ihi5 r&prd. Oplntons on oth8f m*ttw# preBcrW by Ctywnles Act In wr OFIni￿. based on the ￿n￿rtak￿ In COUT5e of ts aLthI. • ￿ inlorrnation g'ven in O* Inw888" rewrt l¢y fv h.r￿￿￿ we wep4rEd i% con*st6ni wilh tr¢ accounts,. and ST JOSEPH FOUNDATION UK Ind8￿nd￿nI audltor's r•port to the members ol ST JOSEPH FOUNDATION UK In fv I￿t ol the knovledJe wK4•rSt¥r￿Iry ol Ihe charitth ¢¢JYwny arKJ its ot¢al￿ in th¥ Lvjrse ofthe aLvJit, we have r¥Jl materK¥ rru>staren*nts In the tntsieÈs' rwt. We have nolNro to of th& fc4kM"rwJ rnlaith the I*48s fv£t raquire5 US to repJrtto yw rf, Ki (v ￿nN￿.. branc1* TKrtvisled ty L*,. LY • ¢ertan d￿d0S￿re$ of trustees. remun¥atW SFwJf*J bylaw we rrf)l rnaLÈ'. or • we ￿3Ve not recthv*l dl Ihe inlorrnabon arkl 0*F4anati￿ WÈ rwmre fcrfour a￿j R88pon*billtkns ol InJsteoB ar￿￿￿ts dnd lor b8irKJ sati%W Ilwt fvy gve a aTrJ lar vitrw, arnl lor 5Lrh Imorn￿ control as th8 Mtsto0$ (btermine 18 ssaryto 9rth the WeF4rab￿ of a(xxxJnts we tree Irrffl mats11￿ nNssbtertvrt. 10 fra1￿ or8rw. In preparing the xcounrs, are for as88ssINJ the tsywy'5 ai¥lty to continw as a CO￿￿n. dis¢Posir¥J. a5 mattets to gtyr¥J cw¢em aTrl w)ing u)rKem basis of accourniThJ Un￿8$ tho Audltofs respor*lbllWle*ltyii* aKItt of tho xoju OLEr o4ective5 are ie cèiwn rea8¢nab￿ assurarnx alK)￿ WI￿11￿ Ih8 xcrxjnts as a who* are tree trLwn m*enal missiaiem8nt, wh¢V*f to IraJJ or effor. to i8$￿ an aLKlitor's reF#Xt that irtlth our OFAThon. Fle850naNe &8wrance 1$ a hKJh level ol a5sUrar￿e. a Quaran￿ an aL•Jit oJTrJLtted n ￿rdance ¥￿th ISAS IUKI will aw deteci a matÈria mi%stsiernem r( ex*ts. Mtsstatonwtts cBn aw fraud or error arKI ar0 con5Klered rf4teriai Il. I￿1￿￿yL￿lY or in the augregate, ¢xKthY reasmabty be 8xpthJ to ir￿U¥￿e the econrynr dwsions of us8r8 taken on ItE basi% ol these ￿Trts. IrregulaFiiies. IncluthrKJ tra￿*. are ir￿ta￿ Lrf Imth Laws arxl r9]￿e￿On¥. We %*s¥Jn PTttedures in line *ilh our fespDn&txlil*$. ouMirEd aikjve. to ¢Jeteci matsfI￿ mssiatemenrs in fw of irreguLqrrtN8s. Ind￿l￿g fra￿1. The ethnt wr prc¢•Jur88 are caF¢t￿ ol det*bt¥J itrewkr5D￿. IraL41 Ba5&J on our urthstaThJNJ ol Ihe Gtwilth wrpany arhy the •7viroM￿l in wrates, ￿ ¥JenDh￿l that the pnrtw of rKwFWvar￿s Lqws wLIat￿ to the reguLqtory wurerrÉnts ol th8 Ch8rity CommisK)Th and the 8taiutory safffjuardirwJ. aThY we the 10 nw.u)mtlrdTre mptht the a materi¥ efleci on Ihe finanry￿ statemern. We also u)nSKler&l those arxl wuLaiKffis that have a dfect on the prwwabw ol the Junts s￿h ag the Ch8rts8s Act 3J11, CFArio8s S(XIP120191. C(KrYr￿ AO2W6 ￿ FO￿(41 tax8S. arx1 wulatK)n a￿$ Iraud". ol Paym￿15 and pa￿clI. to ensure IW8 in placethrw IhÈ ytr*," Reviewro tsstir¥J If￿n￿ onw mth Mi ￿ Jwar. part¢ularfy as r*rt of tho Yearw￿ fi￿n¢1 A ol our reSF￿Lats￿ lty the 8LA1it of thè &toJrts is the Fina￿1 FkpJrbr¥J thLmcifs th8 Aet 2fth. ST JOSEPH FOUNDATION UK Indèpèndent auditorfs report to the members of ST JOSEPH FOUNDATION UK Use ¢Y our rew*rt Ttws rew Is rnade soldy 10 ts charrtatAe (xArpanls as a Ixwjy. in ￿)r￿8 wth Chaptw 3 01 Part 16 ot the C¥Jmpanies A¢t 21K)6 and to the chantat4e cow¥s trust8&S. 8s a txxty, In &(xxtlance *ilh Seclion 144 th8 Charit*s AGt 2011 &)d In &¢ordarKe regLAabons maye Lmder sethi)n 154 of Atl. Ixjr audil K)Tk has i￿en uThYenaken so thai V+ mvJht state 10 companls members IIKJse matter5 we are rwlttred to state 10 trÈm In an ￿￿rt0￿5 rwt afjd crtf*r purpose. TD the lullest exterTrt P8rmrtt8d ty Lqw. * do arwA ur as5urne reS[￿bIlity to anyy1r￿ other than the corrgary o)mpanl5 nEmiws as a lor r4¥JL (X for ttE we h8¥8 lorm&l. RaTr￿ Korrf ISenw)r StatLrtory forand on tÉhall of CK Pannership 1 ￿Irt 311 Chase Roal N14WS Oated.. May 2026 ST JOSEPH FOUNDATION UK Slatement of flnanclal activitles Including Income and expenditbre account lor the year ended 31 ￿gUSt 2025 Un¥estricl•d funds Total 2025 Total 2024 Income from: Chartiable activities Inveslrnents Total Income 474,166 474,166 422,928 474,166 474.166 422,936 Expondlturn on: Raising funds Charitable activibes Interest payable Total regourcg$ expended 330 421,592 201 467,985 704 469.169 467,985 704 469,169 Other operating income 1,277 Net incom• tor the Trrl Net movement in ￿ndS 4,997 2,0gJ Fund balances at 1 September 2024 14,933 14.933 12,843 Fund balances at 31 Augu$1 2￿25 19,930 19,930 14,933 The statement ol linanctal actwities includes dl a￿1 kjsses Te(xoni8aJ in the year. All income and expeThJiture derive from continuing aetNi¢ies. Thef8 was no in(xxne or expendf(ure from ieslricted funds or endowments in the cufTent year or the previous year. The statement ol ffinawal actwities ￿s0 corn￿￿ wlh the wulTem￿ts for an income and expenditure acwunl under the Companies Act 21XJ6. ST JOSEPH FOUNDATION UK Balance Sheet 88 at 31 August 2025 2024 Flxed 888 Tangible assets 12 3.W2,609 3.603,712 CurTent assels Debtors Cash al bank 8nd in hand 13 15.058 15.549 28,994 10,539 Credllors.. amounts lalllng du• wilhln one year 14 117,4991 127,2011 t Current assets 13,108 12,332 Total as￿1$ kss eurrenl liabilTrties 3,61 S.717 3,616,044 Credllors: amounts lalllNJ duo after more ihan one year 15 120,78n 126,1111 Net assets 3.594.930 Incon* fvr*ds Rèvaluation resetve Unrastricted funds 16 3,575,C 19.930 3.575,000 14,933 3,594.930 The flnarni￿ $￿ternents were ap￿0￿j by the Trustees on 2q May 2￿. L Pornpa Trust•• N Franceso) E Yosl 10 ST JOSEPH FOUNDATION UK Staternent ot Changes In Equlty for thg yg8r ended 31 August 2025 Share Profit waluatlon #ndloss reser4w account Tolal At l *tember 2023 3.575.OCiI 12.843 3.587,843 Profrt for the linan¢ial year 2.090 At 31 August 2024 3.575,0(X) 14 933 3,589,933 At 1 Septemb¢r 2024 3.575,OLX) 14,933 3.589,933 Profit for lh8 linanci￿ year 4.997 4.997 At 31 Augugt 2025 3.575.c￿l 19 930 3 594 930 ST JOSEPH FOUNDATION UK Noles to the Flnonclal Statements lor the year ended 31 August %)25 Accountirvj poll¢l•s Charltylnformation Si Joseph Foundation UK is a PTi¥ate rThnpary limit&J by guarantee ir￿rated in Englarnl aThY Wales. The registered office is 29 Bramley Road, LO￿lOn. N14 4HE. The Trustees o)nfirm that thrity ￿ a wblic trenefft entty as definwj by FRS 102. In exercislng Iheif FX)wers and duties, tha Trustees have complied vrith th*r r*Jty under the Charities Act 2011 to havè due regard to the guidanee on public benefit wbbshed by the Charty Commission. The Trustees arg sal1sfi￿ that the charivs activithes, undertaken In funherarKe of tts charitsble objeehves. provKSe public benefit to th8 boneficlaries and thg wthr umnmunty. 1.1 Accountlng convonllon Tho accounts have been prepared in accordarKe *ilh Charilies 2011. the CoTnpanies Act 2￿6 and "Accounting and ReportirNJ ty Charilies.. Sialement ol Re¢omrnerKJed Practice applicable lo charflies preparTrng their accounts in a¢￿)rdance with the FIna￿tal Rery)rting StaThdard a[pI￿le in the UK a￿1 Republic ol Ir¥land IFRS 1021" las arn8nd￿ for a￿UntIng pEri(￿ ￿mme￿ing from 1 January 20161. The charity is a Public Benefit Enbty as by FAS 102. The flnaThiaJ statements are prepar&J in sierfirrfJ. whith i% the func110n￿ curretKy ol Ihe thwity. Monetary arn￿nts in these statements are r￿￿j&j to thg nearest t. Thg fina￿1￿ statements have twi wepar&J undgr the ￿)St (x)rwenlk*n. The princapal aceoundng policies adopted are sel out tekMT. 1.2 Golng concem At th8 time of approviro the finaTh*l &atements. the trustees have a reasonable expectatkjn that the charity has adequate r￿ul¢eS to LX)ntinue in operational exisien¢e for foreseeable future. Thus the trustees contsnue to adopl the gJiNJ ¢<*Kem b&8is ol a￿￿unts[Mj in prepariTrJ the finanual sNements. 1.3 Ch8rh8ble funds Unrestricted funds are avwlatle for use at diSC￿tiOn of thè twusta8s in lurtherar¢e ol their charitable objectives unless the fltnds have been (JesvJnat&J for ott￿r pufFI)￿. 1.4 Incomlng resourt IT￿me is recognised al Ihe f￿r valuè ol prowded is detived from languago COUTSO lass ari$ing in the United King(k)m. IrKorne is T￿nised at the date ol COm￿e￿"0n ol the seM¢o.TurrK)ver is stated net of ¢Jlscounts. other sales taxes aNI net ol VAT. 13 R￿QUr￿ expw￿d R6soure8s èxpended are in Statement of Finan￿￿ Activitigs on an a(£rual basts. 1.6 T8ngll)le Ilxedassets 12 ST JOSEPH FOUNDATION UK Notes to the Financlal Slatements for tho year ended 31 Augusl 2025 Tangible fix￿ ass&ts are initialty measur&J at o)st sutwuenuy measured at cost or valu*ion, net of dew8ciatron ano any impairment losses. Depreuation is r￿nIsed so as to write off ccEt or valualion of assets less th￿r reSklu￿ v81ue$ over their useful lives on the folkMtW tAses: Leasehold improvements Fixtures, litbr￿ aTrJ g]uipmont 5% strahJht li 10% stravJht lir The gain or k)ss ari%irvJ on the dispos￿ ol an asset is del8miin￿l as the difference between the sab pw9&Js atyl Ihe carryir4J value of the asset. is r8cc¥Jnis*l in net irwrnellexpeThlilur&l lor tha yaar. Free￿￿ land and Lxsildiws are not deweaatgj. They are valued annualty by a qualified indepeTrJent 8xFert. Any gain or hxs is ￿fthted through the waluation reserve. 1.7 Impaimwil of IIx8doSSOt$ At each reporting end date, charity revie￿ t1￿ ￿Try}r￿j amounts ol Its t8￿ble asser8 to determine vhTrether there 15 any indution that th)se awts ha¥e surtwed an impatrment kjss. 11 any such Ind￿atiOn exists, the reujveral￿ amount of the assel is estimat￿ in ordw to (*tsmiine tt* exknt of irnpairment loss Irf any). Intangible assets vthh indefinite ijsèful liv&g arKI inlangible assets rot yet availab￿ f￿ Lse are tested lor irnpairment annually. and whenever there is an indution Ihat the asset may be imwred. Cash and cash ￿u1valents indude cash in hat)J, deFK>sits hekj al c￿1 wth banks. othèr short-term liquid investrnents original matUrit￿S of thiee months orloss. arnl bank overdrafts. Bank ovwdrafts are shown ithin b)rrowrKJs in current liatilli￿$. 1.9 Flnandal In$twments The charity has elected to appty the provisknns of Section 11 'Ba￿ Finarri￿ Instruments. arKI s￿lI0n 12 'Other Financial Instruments Issuès. ol FRS 102 to ￿1 of tts finarvd inslruments. Finanual instwments are re￿niSed in I￿ri￿S balarte sheet Vh￿ the charity tecomes paty to the conlractvai provl&ons of the Ir￿rumerrt. Finandal assets arnl liall￿tieS are off5rf with ts net arn￿jnts present&1 In thg finar￿1￿ statgments, wh9n there is a legally enforceable right to sel off recc4JnisgJ am(MJnts arKI thère is an inlgntion to $effi& on a nel basis or to realise the asset arKI settle the liatilty simultanecyjsty. Bask fin•ft¢iplossets Basic finarrid assets, wh￿h i￿Ude debtors arKI cash arwj bank balances, are initially measured at transaction price includiThJ transactKJr. costs aThJ are suwuenty carYi&J at amoths&J cost usiThJ the effective inte￿t meth(K¥ unless the arrangement consD"lutes a finarKiThJ tfarwcD"on, where the transaction is measured at the present value ol the future receipis disu)unI￿ ai a mar1(et raie of iniwesl. Flnancia* assets classified as recgivable Vmhin one yeaT arg not amorb*J. 13 ST JOSEPH FOUNDATION UK Notes to the Flnancial Statements for th• year onded 31 Augusl 2025 Dar8¢ognllkni of Ilnanclalassets Financial assets are derewJThsed only %b*)en the contr￿181 rvJhlS to the cash flows trorn the asset expire or are settled, or vthen the charity transfers the finaroal asset and subswialty all the risks aTrJ rewards ol ownérship to anolher entty. or if some significant risks army rwards of ownership are retained but control ol the asset has transferred to aTh)ther paty that is able to sell Ihe asset in its On￿r￿ty to an unrelated trurd party. Basic linancid liaixlilies, indu(lir4J cradtors and tya￿ k)ans are initially rwnisgd al transaction pr￿e unless the arrangement conslitules a financing tranwlw)n. where the debi insirument is measured at the present value ol the lulure payments discount&J al a rnarkel rate ol interest. FinalK#￿ lithlities claS￿fied as paythe thin one year are Th)t amorti8ed. 1.9 Fln•ncIallnslnm￿ts (¢ontlnuEd) financi81118blllde* (¢Oftt1n￿l) Dobl Instruments are sub5wienlly at amontseo cost, usirvJ tFE eff￿lIve interest rate melw. Trade creditors arè 0￿19allonS to pay for ￿yS or serwces that have acquired in Ihe ordinary course of operations from suppliers. Arnounts payabk are C1￿11*y as current lithlibes il payment is due within one year or less. If not. they are presented as non-current liatilibas. Trade Creditors are recL¥Jn15ed initially at transaction pvice and svbsequ8nUy measur•J * arnoTbs&J cost usiThJ the aff￿￿¥9 inter8$1 metlkxl. Financial liaLxliDes are derecognistiy wthen the tharitys contrac￿￿ 0￿gatiOnS OXPf8 or are di8¢harg&J or cancèllad. 1.10 Employee beneffts The cost ol any unuse(I holiday entillwent is ree£gnL8ed in the in whKh tho employee's $grvic8s are recewed. Termination t￿lit$ ar• recconis&J immeclatdy as an expow vfvn charity is demon6trably committed to lermlnate the ern￿oYMent of an emtloyee or to wovida tgmilnathx) benefits. crftleal aecountlng e¥llmotes a￿1 14 ST JOSEPH FOUNDATION UK Notes to the Flnancl81 Statemènts for th& yur onded 31 August 2tr25 In the tylcat￿n of Ihg tharlvs ￿cOu￿brO F￿￿1&$. Ihg Injstees are rgwiraj to make judgemerrts, estimates assuriipb'ons atmxrt the carryirrtJ amclljnt ol asseis aThJ liat41th that are not readily apparent from other sources. The eslimales a￿1 assctiated a&8umpDons are l)as&J on histor￿ ex￿rie￿* a￿1 other factors that a￿ Con￿dered to te relevant. Actu￿ resuts may differ Irorn th8se estimates. Th& ￿lMateS arKI uThJertying aSsUmptior￿ are r8viv*ed on an oThJJiThJ basis. RW*0￿ lo actsjunling estimates are recoJnised in the kwa(Kl in which the estimate is reviwl vhwe the revision affects only that perKxJ, or in the Feriod ol the revision futur8 peii(xts wthwe the revision affe¢ts Lx)th current aThJ lutura perh>Js. Ineomè trom Charllable actlvHI•s 2024 Language course 474.166 422,928 474.168 Op8ro11ry resums Depreciation ol owne£l fixed assets Auditors. remuneration Auditors. remuneration 4.341 4.500 Audit lees 4,5C 12.3 Unrestrfct￿l funds 2025 Total 2024 Bank inter•st r8c8Nat4e Ralslng lunds Fundrasiro aThJ ￿￿licitY Advertising 330 Chariiablo XllTthles 2025 Prowwon of larvJuage cwrses Student travel costs and otlw expwSiu 81.784 49.301 87.277 48,520 15 ST JOSEPH FOUNDATION UK Notes to the Flnancial Slatements for th8 yoar ended 31 August 2ff25 Schocl cateriThJ 44,228 175,313 38,182 173.979 Share ol support (%)sts Isee note 81 Share of governa￿6 ¢05ts (see note 81 275,660 17.012 292.672 6,563 11,050 247.613 Totd ¢*aritatAe acb￿l￿S 467.985 421,592 An•ty919 by fund Unresl￿0d funds 467.985 Supp(rt Staff costs Deweciation Irtsurance Repairs and maintenar S¢lK)d trips Prernises o)sts and oth expgnditure Legal aThJ FYole&won A(xountan 181,614 4,700 22,051 181,614 4.7CKJ 22.051 4.062 9.859 121,485 4,341 24,376 10,290 11,325 53.374 53,374 212 16,8 292.672 64,746 4.050 7.000 247613 212 16.800 17,012 275.660 Andys&J bet%* Charit*Ae actwities 2¥2.672 247,613 The 31lttatr￿ ol suwt a￿j govamanc* o)srs have *k¢atod to th8 Chanvs solg actiwty, bwrwJ Ihe provision of larKJuage LY)urse5 Nore of the trusts89 ILV any pers￿￿ ¢>)nnthY tAith rK8w&J any ramunarntion duriThJ ts year. 10 Audll Irrfomwtion The ath*t rgwrt ts ur￿￿tfied. Senior stattrtory aucS10r: Fkrm.. Date ol audit report.. Ravi Koppa CK Partnership 16 ST JOSEPH FOUNDATION UK Notes to the Flnancial Statements tor the year endod 31 August 2025 11 Employees Number ot•mployw8 Tho averagg rnontNy n￿nber ol eThWo￿ ¢Juriry ts >par WAS". 2024 Numbor Number AdMiThstrat￿ln suppJrt Employry￿t costs 2025 24 Wages arkj salarios Employer's Nl Pensions I￿,782 114,248 4,731 2,5C 121,485 181.614 Tola Key M￿gern￿rt rernunwati￿ ￿rir￿J fv yearwas £62S1512tr24- £49.6151. The numb8r ol ernF4oyees *hc*g rernUnwati￿ aThJ be￿ffts Iexd￿￿.rQ ern[￿Y￿ ponwon costs excEethd £60,0(KJ during Ihg year vias.. 2025 Number 2024 Number Rgrnuneraticffl t4rKI £60,001- £70,000 £70,001- £80.0￿) 12 Tanglblè Ilx•d assets Leasehokl improven Flxturo ffttlng$ & ulpmgnt Frotrhold land & bulkllngs Total Cost or Valuatlon 17 ST JOSEPH FOUNDATION UK Notes to the Flnanclal Statements for tho year aided 31 August 2025 At 1 Septemb8r 2￿24 Additions 15.676 3.575.C 3,629.326 3.598 3.632.924 At 31 August 2025 15.676 42248 3.575,C( Depre¢l4tton and ImpaIrn￿ At 1 September 2024 Charg& lor the year At 31 August 2025 f3,092 12,522 3,917 16.439 25,614 4,701 30.315 13.876 Not book value At 31 August 2025 25.8ce 3.575,LKJO 3.6￿2,609 At 31 August 2024 3.575,LKIO 3 603.712 Freèhold lartl tyjlldir￿'. Hislorlcat cost Cumulative depre￿a￿)n ba*J on histuical c¥)st Freehokl knd ￿ tMJikfjrwJs are not deve0￿ a￿1 irrALMknI at V￿u81￿)n. Ttw FYof85sond valued by a RICS quaifi&l independent axwt lJarn8s Portug￿) C￿ 25 March 21rd4 on open markel basis. Any gain or loss Is rell￿ted through Ihe revaluation r8s8rve.The Ireew land tranS￿rTed to the Charity ai a nomind cost ol £1. 13 Dabtors Trade debtors All debtors are basic finan(aal instruments measured at amortlsgd ¢￿t. exception ol prepayrngnts. 14 Credltors: •nounts lalllng due within ona y 202S Bank loans and overdrafts Taxation and sctial security costs Accruals Penyon lithlty Other cr&litors 4,500 2,617 s.rA)o 1,378 13,706 910 7.089 All creditors are fiftar*iaJ irLStruments measured at aMOrti￿ the excepti￿ of OtI￿r ta￿lon and sctia securtty, deferr￿[ ir￿9 and thance f88s. 18 ST JOSEPH FOUNDATION UK Notes to the Financl81 Stat8m8nts for the year èndod 31 August 2025 1S Cr8dltors: amounts tslllng du• •ftor one 2025 Bart( h)a 20.787 26,111 The loan is *tsrest free a￿1 uns8oJred. 16 Rev8lu*ion r098rv8 202S At 1 septernb￿ 2024 3.575.¢ 3575.000 At 31 August 2025 3.575,(KKI 3.575,orA) 17 R•l•ted poty tranSa￿On8 There ￿le no disdosable relaiecj paty transact1￿ dLtriNJ the year12024 - rKJnel. Total Kay managernenl rernun8ratKJn dudrYJ Ihe year ¥Yas £62.51512024- £49.6151. 19 ST JOSEPH FOUNDATION UK Detallod profil and loss account for thg year ended 31 August 2025 This sclJ8dule d)es not lom)wt ofthestslutoryaLXLwnts 2024 474.166 422.928 Adrninistrative expè¥TS88 h9r operating income 1469,1691 1422,1231 1277 0￿rating profrt 4.997 2.082 Intsrest receivat4e Proflt beforn tax 4.997