RECIITERED C.HARITI' NIIP¥lBbR.. I16£71 RF.pnRT ()F TIIF. TRirSTEE.S,%NI D UN_.IL",DITED FINill*CI.4L ST.ITlIllEf4T% FOR-IHE I'EAR ENDLD 30 JUliE 21124 FOR TIIE FObND,ITIOh' OF.%AINT FRAryLOI_% B¢rriJiecrs LLP Cliantrerf.4ccoiinitsKts l.jgoii Ilouse l_ondon Road Bioiiilcv BR l iR.4
THE FOUNDA"rioN OF $AlT FRANC.OIS coKrENTS OF THE FifAP4CI.4L sfATEMENTS Cor the vear ended 311 Juoe 2024 Refereiitt #nd admittistratiye detail$ Report of the trusire5 lodepewdeDI txamimer's reporl Slgltmthi •f fin%Deil aelivÈties Balance shtel Noie5 to the fLlXalltiAI SialemeTh15 7 to 12 Dethiled 5tattmMI of fjryavcial ¥ctiv¥tie5
I'IIE FOII.ND.4TION OF SAINT FRANCOIS REFERENCE ATrD.41)IINI 1SI-ItAI'IN'E DE1'AlL• lor Ihv YCAI ended 30 Jiine ?lJ?4 TRUSTEES SPW¢il A De L> RIKhtoii£auld 5 De La RochtoiTrcauld X J J P De La Rorhfoiir.iiild PRINC.'IP.*l. AnDRF.SS c o Chxde5 Russcll %peechl)"s LLP < Flrki Pocc Farriiigdoii London EC4M 7RD REC.'ISI"V.RF.DCHARITI' lIlBER INDEPENDENT EX.4,%IINER Berriiigers Ll.I' rhaTttred.4ccoiithianig Li"gon HoLise 50 Loiidoii Roao BToiiiIti BRI 3RA SOLICII"ORS Charl¢s Russell sChIY5 LLI? i Flcd PlacL London EC4M 7RD Page
TFI£ FOUNDATION OF sAIKr FRANCOIS REPORT OFTHE TRiJ'STEES for tht Jtar aided 30 Jurte 2024 Th¢ trustees pr¢s¢nt iheir pOrt i¥'ith the financial Sfaiemenis of ihe chan.ty for the y<ar ended 30 Julie ?024. The trte$ have adopied the provjsions of Act¢yunring Reporting b). Charitie5." Siaieincor ol Recortiiiiended Pratlice applicable 10 cliariiies prtparing Iheir xeowils in a¢cordarK¢ 11 ihe Finacial Reporting Stsndard applicable in Ilie UK #nd Republic of Irclaiid IFRS 1021 leffttiive l January ?019). OBJECTIVES AND AcfiviTIES ObJerilve5 Riw5 The Charily M'as ¥512blislied as a charily in 2014 and wa5 regisiered with Ihe Charity Commi55ioD on 2i February. 2016, ¥4'iili rh¢ Specific chariiable objecr of the advancetkient of Ihe R811 Caiholic faith Ilitotsghotsi the w¢rld Ind ha5 applied lh¢ CIFaril)' Fiiod 4iid Ihe iKofiit dcrivtd Ir<>nJ il accoTdiDgl>. Iii geiieral Itniis the Ttustees ctyisdeT thr P05iU¢>n ar Iheir r¢gular inthigs and thnaiion5 ar¢ made as ilie). decn) appropriaie Th¢ Trustee5 receiwed inconie froni 8 US Foundation. The Foundatitin of Si Benedict Ith¢ US Foulallon) durirt8 Ilie peiod ettdtd 30 Juhe ?0?4. Tlie fluids Trceived fron) US FOU11011 are hcld uiider thc lcnns of variniis Expendii¢irt Responsibllii) GThni 4greem¥nis IihE A&iieem¢Dl5l. The r¢p)rt to Iht US FothndaiioN as #lid wlien the fLiTrds ar¢ iiiilised as p¢r Ihe lersns of ihe rlgfeethitnls: attd on annual bai5_ Publir b¢llefit The TTUSttcs liavt referRd to tk siiidance contaiiid In the Charity CINiiln4SSiOn s general giiidanee publit beiiefil. and iii particiilar Ihe giiidènce o clili rilies for the advaiitemelli of Teligioii, whcii revieiving Ilie Chariiy's ai111s at)d objecriv¢s gild In plaiinijio fuiiire aciiviiies aiid decidiiiti Ili¢ ¥iranlS for ihe )'eaT. nie Obj¢Jii'es gjid Aciii'iii¢s s¢¢lion of the Teport provide i brief summary of aoivilie5 uthrtaktn. Granimakitbg Tlie tru51ees iiiade ¥ranis io promoit Ihe Caiholic faiih and support ihe Benedirlin¢ Order. Full detail& ofgrdnts ntade ihe year are givai in Note 4 10 db¢ accouiits. FINANCIAL REI'IEIV Finsntial Rewie¥' Reserves Poliry Tlie TriisieES do iioi seek 10 raise i)ioiiey fro1 Ihe gerteral publEC since fundinp Is obtttimed frorn privalc do1101?5. Tlic TfUSiees liav¢ aypTriiikd Ratliboiie5 lo advt5e them on IlieiT i1iveMt)iernis and liave a¥reed ali iii¥e$thieni polity. Tlie Cliarity tked coiife15 on Ihc Trusiees verv wide ptjivers of iiive51nieiit. One dotiaiion ivas recetved ID dic period torallithx £6i.53J 1202?.. on¢ I8t10 £8i.04il as d¢taild note oil paot ¥ of rhcse gccount5 It i¥')s rccciyed in Ihe Coniin -ttw Fund. 17 dotsaiion received fl froni the US Fouiidaiion ot. Saint BenLdi¢i of Nursia and is subject kn the Hide ietms of the ExpendiiuTe re5w>Dsibilily grani agreeiiienls IERGAI. Cliarilblt granis w¢re Inad¢ in the year of £80.i07 120?)." Ei7.OIWI. Expendiiiire trlaiiti¥ to the Inwiagejiieni and adinintslraiion of Ilie Cliariry awount¢d lo £1? 178 1>023-. £15 10?). Charles RLis&el Speechlj s carried tiiit Ilie the adniinisir&iion duTing the year. Investrnent powor& potiry ptrfurnianre The Iiivesime¢ii siraiegy is set oiii b5. Ihe tmsiees. ¢)rt Ihe b51$ Iliat ilie priniory objeciiye is a balaiLced pvjrtfolio subjeci l<> a IEiediu¢ii dettree of rÈsk ajid iaK'e5 iiiio accoiini Ihe txpctied dtinand foi fuiids aiid Ihe reqiiireineiii 10 iiiainiain an adequaie baldnrc bciween capital groi4qh fli ineomt. The trusiets have thosets not to otk>pl formal eihical invesinieni policies. Ilie inlsiecs aiin to fiind donal][H fronL ijicoiiic £eirated ai)d pre5¢rve ¢apiial for Ili¢ fulure. STRIICTtIRE, fovF.RNANCE AND M.4NAGEMENT Governing dotmrntnt The Eliarity. is controll¢d by ils goveTliitbg do¢uiii¢ni, a d¢ed of Tru51 and consiiiuies aÈL unincorporaied cliarity.
THE FOUNDATION OF SAINT FRANCOIS REPORT OF THE TRusfEE5 for the endcd Jlb 2024 Deed dLired 4 De¢enibeT ?fll4 Iilie DtEdi esi2blished Ihe Chariiv. Tius(e¢5 ar¢ %1PJ)Olrtivd bv rc%oliirion ol. the 'rryi&lecy. Iiidtlilj()n &?Iid Trniiijno foj. Nei> Tnisi¢es 1$ provided M'hLlI tean1. li woiild be ilie rcspoiisibflilv ol- Ille 5¢I1ioI Irustct 10 explain ilit iiew l-ru5rc¢5 respon51biliii¢5 artd dLIIIC5. i¥hilsi pr(bviding copies of ihe Ch41fEI)' 11151riiiiiciii. paEt,TrCCOllillS %iiid guidancc b(kIC1S pfol'ided by IIK C-hariry ConiT)iissioii. No 4la1 5kill8 are rc411iied as Ilit LIJLII'II lILs 1101 proi'de a ser¥i¢e. Ri%k mxtbxeement Tlie TrtssiL'ts IiJvc considered the niai)i are& nf risk- Jp.d are of the opinioi) Ihat ilie Cli<l1ilV ha5 I1 resviirtes aiiil opeiDlioi).4. In paflivLili& r. Ilie Tnigiees do Moi eiiier ioio COiiihilLJnents iii exteL< ofil>eJr availabl¢ c&É11 resi)urces arid as a restsli tliev op¢rèic iti i veri- IoiF Tjsk eNI'iroiinieiii. Any drop In iliionie received %iill be IMalth¢d bj ali Lippropriale redticiion in eip¢ndiitire. Appr()v¢d by oidei. ofihe Ixk4rd of Inisttes Page 3
INDEPEIYDFprf LXAMINER'S REPORTTO THETRUSTEES OF THE TrOiyNDATIOD4 OF SAI.%T F114INCOIS (ndei)endenl examiner's report to the trnsttt5 of The Foundaiion of Saini Fra•e4Ji5 l Feport to the ch3riry Irusiees on my exafftination of Ihe a¢couniS of Th¢ Foyndarion of Satnt Francoi5 Ithe Tnisri for Ihe year cnded 30 jthe 20?4. Responsibiliiit5 and bisis of report As the rlioiity irustees of Ilie Trust you are resw>nsibie for the PParall0 of ilie xctounts iii accordaiic¢ will) ¢1)¢ requir¢¢1$ of the Chariiies Aei 2011 ('the Aci'i. I report ljl speCt of niv examiatIo17 of die Tiust's atcouttts canied oul und¢r Section 145 of Ilie Acl ai)d iii carn'iiig oui i)Iv exall)iiiHlioth I hav¢ folloived 311 applicabk Directions givrTh by the ChaTity ConiDl155iOn iiiidcr Seciioii 1451Sllbi of Ilic Aci. liidependeni ex%mier's slatemeI I liave eoiiipleied In) ex3ininaiion I confirn) thal no m¥ierial iiianers ha¥¢ come io mv aiieJi(ion in coThncciioii iviili Ilie eaniliI10ll giyiiig me cause io believ¢ ilkai in llny material respect_. 8ccouiilins reco"d5 ivtre noi kem In Fespect of th¢ Truy as rewiied by Seclion IJO ofihe Acl: 01 Ihe aceounis do noi accord wilh those records: or Il)e accoun15 Ito noi coillply ii'iih Th¢ applic2ble reouirenients LryMerniTro tlie fonii and (ltellI Ot. accounts set oiit iii th¢ Charities (Accounis and Rcportsl Re8uIAIJ4)Trs 1008 other ihan 8y ÉeqiiEreiiieni thai rhe accoiinis give a triie ld tair view wliicli is noi # ftiaiiri i0115rd¢red as pan oran indeptndeni exaniinaiion. I liave no c1¢¢5 31)d hav¢ Con across no other Illatters iii t(MJiieciion u'ith the e%aiiiinaiioii lo %vhi¢li atieiitlolh Jiould be dialy iii tlii5 reFK)rt in older 10 L*iablt o propel understanding of Ilie aecowLts (o bt t¢a¢lied. P3vl Allart BSOL'SC FCA T1 Ilisittuie ofchartered Accouiitaiils in Enslaiid aiid Wale5 B¢rriiiyers LLP Ch3rtYred Accolinir$ L)gon klous¢ SO l.¢)ndoii Rotsd ilronilcy Leiil BRI IRA Dg1e_'
THE FOI."tyDATIOP4 OF S.41NT FR4NCOIS STATEfyIEN'T OF FIN'..I.NCIAL ACTI&'ITIES for Ihc l'ear ended JO June 2024 2024 Unic51riried Conlin¥eiK5' Fund fund5 ruiid5 Nlvies INCO1£ AliD ENDOIVMENTS FROfvI 63.533 Invcsiitieijl illeorn 10.122 10.122 6.i51 89.31)4 E%PENDITURE OIY 4..571 C_'h¥rilble arliiilits (JrRnis Sisppori cts%ts IIOJ07 13.178 80.307 13.178 -i7.000 TolRI 98,S26 76.67.1 Ner uiaiii& Ilossesl on iliv15t1eIJis 65.680 65.680 117.6461 NET INcof+lEIIEIPENDITUREI 40.809 40.809 {4.9751 Oihti. retogrt15rd gAinslllos$e51 Gaiiis on riVLliialioJi orrixLd assets IOZ.$19 102.519 60.25C) 1 el Niovcnitnl funds 143J28 143.325 RECONCILI..ITION' OF FIINDS Toial fiiiids bii)tsLhf lun%-li rd 807.192 807,192 7i1.goy TOI'AI. FUINDS CARRIED FORMIIRD 9iO.$20 S07.19? The note5 fomi part of ltIe finaiicial Siaieffttnls Pa¥e 5
THE FOiiNDATION OF SAINT FRATr4COIS BALAYCE SHEET 30 June 2024 2024 20?3 Total funds Unrestricted Conlingenc fibnd Fund funds Not¢s FIXED ASSETS IAvc51mcnts 647.4.$6 i78,339 CURRENT A&SETS Debiors Cash ai battk 11.012 290,937 io 290.937 4J4.933 301,949 301,949 444.913 CREDITORS Aii)ounis falliTig du¢ viie vear 18.88.4) (8,8851 116.0801 NET CURRENT ASSETS 293,KA 29J.I 4)8.85 j TOTAL ASSETS LESS CURRLN'r LIABILITIES 950.42Q 95OJ20 807,192 NET AS%ETS 9.50.$20 807.19? FIINDS Kesiricied Itinds 807.192 TOTAI. FUNDS 807,192 Sta Ytre appred Ihe Board of Tslee3 aiid auilKJrised for - and weie siwied on ils txhallby". Issue on s tk L& Rorlifou¥aisld- Trusiet Mie IleS fntm par( of Iltese fiiiaticial siaiemeDE5 Page 6
THE FOUliD4TIOli OF SAJIT FRANCOIS NOTESTOTIIE F1IYANCI.4LST,KTENIEYTS for the i'tar tiidtd 30 June 2024 ..ICLC)IINTING POLtciEs B1sÈ5 of pr¢paring the fin%nri#l 51Rttme•ls accordai)ce ¥Yiih IIIL Chariiie5 SORP IFRS I(>?} 'Accouiiiin¥ al Reportin by Cliaiiiit5'. Slalemeiil of Rcroninleitd Prtsitice applicable lo chariiies preparii)o Ilieir actoun15 iii accordaiicc %ViEli thc fiiii)eial Repurtiii¥ SiaiidiTrrd 3pplicable iii th¢ ?iiJ Rtpubl?i ol. Irelii¢id IFRS 10?} l¢ffeciive l Jaiiu>iy ?Tr191'. Finiiicial Repo1¥ Sfandaid 102 'Thc Pinaniia. Repatiiiig Sraiidard applicable IR Thc UK aiid Rep., Ir¢land' 7¢ Bd Ihe Charities Aci ?Q I I Iht financijl siaicmtiirs have beeTi preparvd iindL'r th¢ hislciriciil cd51 eoiivciiiivii. 1%11h Ilie c.KLCPlI{ill {?I- ifti'¢Slniciits ii'hi¥h are iliiluded at iiiark¢i i'aluL, Mo(Jified b). Ihe rei'dludliiiii uf certdlll a55eis. IIOlJ4e TlklS li Illiluded die Staictiieni 0rr1niuj. .AciÈviiies litn.- The chaijly kn'oiiie5 inliikd to Illi re50urce5. 111¢ Iriis',ccs ore virtiially ¢ertairi the). will rtceiwt ¢he resource>-. thid ihe mOJi¢Earv I'alue can hr rneasiired Mith Rtsotsrtt$ ¢xpendtd EXpdi11re is actouiiied fvr on aji (¥11S basi$. All? idininistt21ion exFnses arc cliaTiiablc fiiippoit costs. Doiialion5 are reeorded ivlieii Ilie iwsiees liave imade lh¢ deiisioii 10 pas Ilieiii. uiil¢55 Illi doiialions 3re siibjeci Ch#rÈt#ble oi'wnt5 Graiiis rt recoLJiiised i%'hcn Ilie Inisltes Iiav¢ iiiad¢ o decisioii io iiiake a pa)'IllLIll Jiid Ilith dccisioii btL'IJ The charit} i$ e%tii?pl froiii lax on lis ¢h%riiablf a(tiviliu. F11.(co11nI1Ilg Uiircslricted iuiid5 Jre those 114iicli tre used fE>r Ihe oeiieral 2dv£illftiiiei)i of ¢he ChAFI:y's objiYIIVL5. Responsibiliiy Graiii Agreemcnls IERGIl'sl_ reign ttrrreiicres A5seis and liabiliiits in foTeiLZ) Cviveiicies art tTrnsled ioio sierlin.. at ratrs uf eYrhatlLpe Eiiling ai Ihc biilaTrce shie daic. TrJnsaciion5 111 loreion Liirreiicies Lire Iran51alcd inio 51Lrliiits ul Ilie ¥Ai¢ of e¥clianue niliJi¥ at tlie dale ofitansac1ll Exlliaiigt Jifrereiice5 ale takai Lt)l(1 atLLI1[ Iii arrjiiiii¥ at tlit tbperaiiiig su1(. All ilie transacti]$ aiid foreiuii CUlTenc!. baiik- aCLoun15 lia£ been J'ewrted Lll Piiiin¢J sierting eurrencv Tlie year end raie pre%'ailiiin oli 1 balaiice sheei dalè }Y21 s £1.. USSI ?647 El.- Eoro trl 171)6 aiid ii.- ALJ'Sl.89?9 1-5ir avria?e foreigi) exchaiifte rait for the peYicMJ K4-as £l-. tiSSI.2591. £1.. Euro 61.564.3 and I l.. All$l.9?12 nve5tmeThls Inve.stnitiiiS are Stated at ii)arkci i'aluc al ihc balaiice slied rtait. Thc 5taieiiicni of Fi#ancial Aciiviiics iii£lvd¢s nei giiins los%$ arisiiw on rci•.'uations and drsposals ihioii¥hvuE the >e8r. Going eon¢eni Ha110 assessed Ilie Charii) s fijiaiictal posiiioji aThl plwis for ihe fortsctable fuiiire. Ilie Trusiees #re stsiisfied iliai li ¥etiiaiT15 appiopTiaie to prcyare i1 fi'.171)cial 5taienieiiis on a bYOjIII LOI)Lfni basis. Il'lie¥c n<'ces5ary eslinial JudrrerncDt5 HFe bastd IIEsionLal expeticnc¢ oih¢i faLtvrs Page 7
THE FOUNDATION OF SAINf FRANCOIS NOTES TO THE FINA.NCIAL STATEMENtS- rootintttd ror ihe ytr ended Jll June 2024 DONATIOlS AND LEGACIES 21124 St Benedict of Nutsia Pound•ion {US} 63.$3J 83.lJ4.3 Diiriiig tlie year. donaiioii of£61,5J3 {2Q23 £83:04il Ivas received frorll a li% Foundaiion. Saiiii Benedict of Nuisia Fouiidatioij Accordiiig to the ERGA. donation SI1d be used solely ld ex¢lusiv¢ly for tlie advancement. furtherafftce or siipport of the rtligTOiiS and other charirable work or piirposes of th¢ Rotn#n Caiholic Church in trt> part of thc world. INVFSTMENT INCOME 2924 2073 Income from ittvegimenTS Deposlt acco1 rn¢eTest 3.634 6,488 2.794 10.122 6.351 GRANTS PAI'ABLE 2024 G12nls 80.307 57.ODO Tlie 117 grants paid 10 Illslilutions during ihe )'¢ar was as follows.. 2024 (Mr Lad) of Walsin¥haffl Si K4argarei's wid All S21Jiis Catholi¢ Churd) Our Lad). Hrlp ofciirjslians Qiiarr Abbei Benediclines de Noire Danie Ad palsSe Caihedraje Si. VincerEt Troy¢5 Eiile¥pris¢s 3S,000 35,000 10.000 2Q,0110 10,000 8•.307 57,000 SUPfORI' COSI'S Gth'emaiice costs FInae Toials Support costs JZ.738 13,178 Pagc 8
TIIE FOllIND.ITJON OF SAINT FNC0]s OTES'fo THL FlTrANCI.41. ST.4TF.MLI%"1S_ ¢ontiiived frr ihe Th'tar tnded 30 Julie 2024 SIIVV()R-I" C."OSTS- ¢•nl¥ntred Siipport costs. In¢liidtd In Ihc above. aTe a5 folloiys.. Finan¢e 2024 Support Cusls Bai)k chirs'es 440 1.56 Cui'ern¥nce COSf$ 2024 SiippL)tt nsis Independent exainiTEalioi? LegAI & profc5sioiial ftes ActoiinlLiThCy fccs 800 7J98 800 9.846 12,738 14,946 'RIISTEF.S' RENlll%I Y.RATIOY AND BENEFITS l-licrc 'tre IFO irustees. reJiiuiicr41ioii or orlier ben¢iiis f ihc >¢ar elided 30 Julie 20?4 iitsr for tlie )'t*r ¢Nded 30 Julie 20, Triisttis, eipen5es I'li¢re ivere li<) Iruste¢s' ¢xpri>ses paid foi 14c )-Lr eiid¢d_IO JLlliC 2D24 1101 far tlie vear ended JO Jiiiie 102 j. COMPAR.II'IVES FOR THE s'fAI-LhlE14T OF FINfrlP4'CJAL.4CI'II"ITIES Total fuiid Fuiid INCOfvIF AND Tr'NI)Oll'hlLIS"J".S FROM 8.1.043 TotAI 8Q_Il)4 84.3g4 EIPENDITURE ON funds 4.571 C.-h%rilxblt Altii'ittt5 Giant> Support ¥051S 77,00 li.10? i7.UOO Total 76.67_1 Nei 8ainsll10&5csI on inwestJDeiiTs 117.6961 17,696) ET IN'COII IEI(EXPENDITiiREI 14,9751 14.97) Pag¢ 9
THE FOUNDATION OF S.41Nr FRAP4COIS NOTES TO I"HE FIT4AP4CIAL STATEMEwfs- ronlioutd ftsr the year emded 30 June 21114 COMPARATJIIES" FOR THE sfAT£MI ENT OF FIli.4T4CJAL ACtIVlTIES- tontinued Unre51ri£1ed Coiitiiigeilcy fund Fili Total rv15 Other retogni5ed Eaif151llossesl Gaiiis on rcvaluaiioii uf fixed asseis 60.259 60,?59 Nei moyemeni in funds 55.?84 RECONCILIATION OF FVf*DS Total fuibds bught f1¥ard 751.908 751.908 TOTAL FUliDS CARRIF.D FORIVARD 807.192 807,19? FIXED ASSET INV8SITrIEN"fS Lisied MARKET I'ALUE Ar l July 2Q2i Addilions Disposals R¢valuatÉons 378,339 481.61 {367.0621 164.S68 .41 io JuDe ?024 647.456 NEI. BOO1¥ VALLE AI 30 Jiiiit 20?4 657.456 AI 30 Jiint ?02_7 Cost or Valuaiion at 30 Jun¢ 2024 is rel¥71Cd by.. Listed iTri'estrnent$ Vali11 ifi 20?4 C05l 199,127 4S8J29 657,4$6 lrti'esthients ar¢ maae b) UK fvnd matbhger orL' comprise of.. 2024 2023 UK E4iiiiie5 Oversea5 Equiiies Ovets¢as Securitles 35.22 1 384.853 237J82 4,C>OI 37i.678 Toial iiiarkel walue ai 30 Juiit 2024 647,450 378,-Big Page 10 coiilinucd...
TFIE F()UliDATIIIN OF s.41T FRAP4COIS NOTES TO I-IIE F"1li.41YCI.4I. S'1'A"I"EMF.)1 15- cr*ntiniiEÉI for the ve•r ended 30 Jun¢ 2024 DF'RI"¢)RS= AMQIJNTS FALLIING DiiE II'ITHIN OliE YEAR 2Q24 Oilier dclmors 11,012 10. CASH A T BAN41 2024 ry0?3 l oral funds Aleii'o baiik 1£) Nleiro kiTrk lr.urol Railiboiies InvLst fv117fbll i£1 Ri Il)Ix)nts Iiivesi N4nnil IUXDI R211iboJi¢$ Iiii'esi Mgiiii IEUROI Rdihboiits l#ve51 h1gi11 IAL,SDI C l.lib£ire & Co 388 4£0 ?,280 755,2115 279.707 18 10.-432 10,796 290.gJ7 444.9_1.7 C.-RLDII-OR.4= .AN1OlSTS FAI.LINC. DLIE H"ITHIN I)liE I'E.4R 2014 2023 8.886 IG.080 16.08() 12. IOVEMFiiN'I- IN, FLINDS motreFn¢J)F .41 1.7.?3 Restricled funds CoiiitniTenrY Iiiiid 807,19Z 143,328 950,420 TOT.4L FUNDS 8O7 192 143J2¥ Net i)iovemeiii iii f¥nds. included in Ihe aiK>V¢ are as folloi%s-. Rcsoiirccs eYp¢ndcd CJ3iis atid losses res(iurces Rtstrif ted fund5 ConiiiEgertLy Fuiid 198J261 168.199 143 J28 't'OT.4L FIJNDS 198,$261 168.199 143J28 Pa¥e 11
THE FOUNDATION OF SAINT FRANCOIS NOTES TO THE FINAIYCI.4L STATEMEP475- continmed for fhe v¢ar ended JO 2024 12. MOVEMENT IN FUNDS- rontinyed CoJnp¥YAti¥es for 0Ve)ent in fuR NeT movenkrtt in fuitds .41 30.6.23 Ai 1.722 Rtslritied fun(Is Coniiiigeii¢y Fund 751.908 55.284 807.192 TOTAL FUND5 751.W8 807 19 Comparative n¢1 mo¥enieBi in fttnds. In¥luded the ave as follDWS- Incoming resourres Resources expuided Galiis and I¢xses Movenieiil Resirlrle fuod5 8gJ94 176.6731 42.563 55,284 TOTAL FUNDS 89.394 176.67)) 55.?84 13. KEL.4TED PARTI DISCLOSURES Dui'iiig die year £7.19¥ 120?", Is a Parter of Ilie firm. £9,846I i%'as paid io CIiarlc5 Russell SpEechlys. Oiie ofthe Tn151¢e5. Siiiion Weil P4oe l?
THF. FOC5YDATION OFSAIliT FIIAIYCOIS DL'I'AILE'D STAI"ÈMENI- 0+ ?"INANCI.4L ACI'II,"ITIES for ihe !"*ar ended JO J¥tye 2024 Q?4 IIryCOillk .4ND E.%tK)Il'lI IEYI TS Donations And Itggcies St BenLNdici ofNursia Fouiidatioo (US) 63,SJ3 Ini'esimeni income In¢Dnie from InN'esttTtciiis 3,634 6.488 10,12Y 6.-1£1 Ttsi'AI incismiog resourrv5 89_:,94 F"NVTr.NDITURF' Raising ilonAtioRts legAries 4.571 ChArilablo Activitie5 SflJ07 47.000 Support tD$is Fitianre Batik cliarijes GoverDThnct rtsyis Indcpejirjeiil eNanitDation L¢oal &. prolessionol f¢¢s Accoiiiiiaitcv fcc5 800 7.398 goo 12,738 14.946 Total ie50urcts cxpeiided 76.(k73 Nct (tipt[11)fir1tOt beftsre gains losses I1471) K¢ali$eil rvrogntsetl g#in.% artd IDs5es Re2149ed gain.411055tsJ oil fixed assei 62.049 3.631 Foreivii exchange gaijig IIOs5esl Nel inc(kmeJ{expenditure) 40A09 f4.9751 Tlii5 page dfj¢5 foini pan ofihe statllEOQ, fina41cial stai¢iilIS Pase 13