2021-07-31-accounts

REGISTERED COMPANY NUMBEK. 102&1625 (EngI￿d Amd W4les) REGisfERED CHARrrY NUMBER: 1175889 REPORT OF THE TRU￿￿$ AND FINANCIAL STATEMENYS FOR THE YEAR ENDED 31 JULY 2￿1 FOR GALIIIO FOUNDATION 10 Que£n Stred Pla(z EC4R IAG

GALILEO FOUNDATIOF4 COI¥TENfs OF THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 JULY 2•21 Pte Rewrt of the TnLStees Ito3 Ststem¢nt of Fitn¢i￿ knivitiÉs Ba]Ance Sheet Cash l.'low Stat¢Jnent Noles to the C¥h Fk>w Stst¢meftts Note to the Winanciol Siatunents 9t014 Detailed S￿en￿ of Financial Activili¢5 15to16

GAULEO FOiINDATION REPORT OF THE TRUSTEFS FOR ThE YEAR ENDED 31 JULY 2•21 the financial slateM￿ of the oftt thrity the year ethj 31 July 2021. Tr tnLes hav¢ the wivisions ofthe Ststementof Ilecom￿ Pr￿%1￿ foraw1ti￿{￿RP 2015) {Sw)Thl Editi￿ cffcLli￿ l J8nw 2019. The foLIrth￿ &)fjlinws ryoFcts wbich I¥8￿e kry of th¢ P￿ AS the glotd fitht against ot￿tIOn ofchristians in thc Holy laEMI aNI the t￿tion of dithgue ￿ders￿ng beNten all f8iths. of Social ScRen Thc Trfftes have LX)rnplid their dlty kn Imie kn regd to P5bl itsxfit ￿ld￿M% FwblisTrKd by tlr Charity c￿Mmi$I(￿ in dtknining the aLl￿ti￿ lry the charity. ACHIEVLMENfs AND PERFORMANCE Every charity in the Unid KNwkxn lry theC0VII￿19 Tr4 the C•lllen 00 exception. Whilc maiDtsinI￿ 8ryM4 with ow A•kcknld￿ we 8lx) wiJ much of Thathks to the 8¢neroits SUFfmmuniLi(Th from th off￿e to the wY)Adwide of Mwwns was of few way5 to mainlain the visibility of the Musewns thir rvtwkaNe C<KLserVth￿ the h1 $4rx)rta in previousyear& foundation ple￿￿ ) rnakE an￿beror 8rants towwd8 the visitof POF Francisto ibATKTrn which place in Morch 2021. Tr Galiko Fowd¥tion b¢1￿￿ ofthc 5is whKh used fDr litur%ie5 the vi5itof POF and in the afknnoth of that visit al￿ to frcffj the Archbisly of Erbil to untswrit¢ a chism tffo8r￿n￿ wtii¢h ffxh¢d orr 80 thjs in the Erf)il ffs1￿. The C•likn Foundation also rEsponded a rcw fromtlx Hoty Seetohdp IT facilitie5 * tjr ApthlicNuKialure in New Iklhi. India. The Hoty Fatlrr has indied his apwoval for ¢F¢ FowK&tion ts olg￿lle tlr 'F*th aTrl Philanthropy initiative.

GALILEO FOiINDATION REPORT OF THE TRUSIELS FOR THE YEAR ENDED31 JULY 2021 FINANCIAL REVIEW The charity has Dwk a in yc4r of £JH.626 as a TE￿ of • in kgxies r￿1Ved duringthe finwKiat yew. Dwthis fiwial ytartherelwt£natklibereeff(wtto ￿lI]the￿li1MU1ated surpluse5 throuththe8lkKion ofgrtstoproFdsttMt ￿m￿d￿a>S yearlife4w A$a￿SUh0fth¢Y¢ waivitiesourreserves weffe d￿rgaSed k> £4.863. li is the wJli¢y of the trustees to retain suffKwt unreariLd whidL in their J￿Igen￿￿ will mitiw the short. temi effttt of xn¢ornc volatilty rtin to wfficiert iw)me ty rneet current fithjre operntronal activities of the elwity. Tr tha￿ty,5 res¢ry¢4 tt £4.863 the trLLStee$ 8Te confi&Dt ttr4t ongoing fimdTaising and a fonvar Th¢ charity fithisc inaDy Nthlic f#ingmwllKr. srRUCTUR4 COVERNANCE AI¥D MANACThENr Cov¢rnln% document The cTrwity is ¢ontroilo4 ty its Atsk5 ofAwgw)n limited as defined by the New truslees are nominateA by trd mcmber orjohn MLfafftry (Presithnt of (iaEikn Tro￿aIt10n) to the iK)ard and thre Yot¢d and aFpovcd a IKwd nctiD81th¢ lastthJ¢ 4W4rtrAI 2018. Julie w&9 appointcd to Vaneua Miner). REFERENCE AND ADMIN￿RATIVE DETAIIS liegtstered com￿DY nu•ber 10283625 {EnglaNI and Wales) Reglstered Ch*rlty nwmb¢r 1 175889 Rqbtered First Floor 9 Ornnge Street l.ondon WC2H 7E4 Trn$t¢es L Doughty S B Power J A EtchiD8bam T￿￿te¢ T)itstee TnLSte8

GALIIIO FOIINDATION REPORT OF THE TRUSTELS- CONTINUED FOR THE YEAR ENDED 31 JULY 2021 Independtht txami Adam Halsty FCA Flaysmaciiityte LLP IO Q￿en Street Place LoTMlon £C4R IAG The tnthes Iwhoaff also directh for￿￿p￿￿scS ofcompny l&w)c JEs￿n$1bk forwEparin8theTruth' R¢port A¢couMing Pra¢tict). ¢w of the of affair5 of at1 of ts im%nin8 r¢￿v￿%5 applwion of rc50UTtt8 includi￿the]￿￿￿¢a￿leX￿Mlli￿Jto: disclosed aTrJ exphÈvd in tr finlncial statan clwilabk £L￿panY will Contin￿ in IyA8ine& the finan¢ig1 wTrsitr"on of the ch¥itsble compary 8nd enabk them to ensu¥c th the fin8rKial ￿eme1￿ cornply witti thc CoMk￿ley Act 2th)6. Try are kn resfft&ble for safegutrdin8 th¢ as%ts ofthc chritsbk conJFryDy and henc¢ Apwoved ty or&x of trx lI￿d ofththeson 29 lune 2022 aThJ si8ttd(ffl its lYJMlf by. L D{X￿ty.Trn$￿e

I rewrt to the Tm4ees w my oftt c we also the directh of of L¥mtw knw) Ke reswAMI)le for the prLwwaiion of the in the m4U[￿lI￿￿ of tr¢ Conpanics Ad 20C6 (hc 2¢m￿ Ad"). The Jste¢5 are sisfi¢d that audit is ftythisytar 144(2) rftheClwiliBS Ad 2011 (the 2011 Havin8 %isfied MyselfdttheXcrf￿ ofth¢dwitthe are ￿try1r¢d be wditeAI UDthr Part 16 ofthe 2006 Act a￿1 8re digible for ex￿]1￿￿￿ I respea of my exarnination of thE charitable comwiy's XLxxmts as t￿1￿4 out wdersectI¢￿ 145 of %)1 l Ad. (Tryirvd my I hfft followed the applKable di[￿l0￿S gi￿￿ by tkn CLMnmiSSiOll 145(5Nbl ofthe 2011 Alt I have cthnpleteJ rny ex•niMtbM. I mallets￿vE (￿e￿> nry giving me ¢w8e to believethat in Any makrial resFXtr. . awunting rtcoryls wrre kqrt in r¢sFect ofthe as by sec¢i(m 386 of th¢ 2006 Act. or 3. the 1X￿pty with the rquiff¥nert5 of 92Lknn 3￿ of thr 2CrfJ6 Act other than atty quir¢mert th& the gi a 'true fatr view whith is mt a consi￿ as Frt of an Inde￿ndert exwnirnt10￿ or 4. the xcounts hwe Th)t iwi we[￿¢d in thc mEtIK& and priK1￿¢S of the Ststement of Recon￿eth Prxtice for aThl by clwiiies lapplic4ble &) ¢hrtties weFWtIl8 their (TrRS 102}. I have no ¢on¢this and habt cimne in with the cxwnirntion to which ￿(C￿tIOn A(tam Halsey FCA Haysmp£intyre ILP. 10 Queen Strttl P Lonik>n F.C4R IAG Date: 29 June 2022

GALIIIO FOUNDATION STATEMENT OF FINANCIAL AcfivrTILS FOR TIIE YEAR ENDED 31 JULY 2421 2020 Totsl INC.OME FROM: 50.781 913.795 Tot1 50.781 913.795 EXPENDITtIRE ON: Raising fvnds 83.636 176.653 Chrhxble Kllvld 171.771 592.027 Tot*l 255.407 768,680 NET INCOMFJ(EXPENDnllR {204.626) 145.115 RECONCILIATION OF FUNIJS Tfjt￿ fvDdg brw fornrd 64.374 TOTAL FUNDS CARRIED FORWARD 4.863 209.489

G3,668ALILEO FOiINDATION BALANCE SHEET AT 31 JUL Y2021 COMPANY NUMBEiL. 102&161fj 2•21 2020 Total CURRENfA&%rrs Debtors Cwh at bank 4.486 220,489 16.718 220,489 CREDrroRS Arnounts falltng wilhiti ￿￿yeAr (11.855) {1 1.0001 ET CURRENf ASSETS 4.863 209,489 TOI'AI, ￿￿8￿.15 CURRENr I.IABILITILS 4.863 209,489 Nrr 4.863 209,489 FUNDS 10 209.489 TOTAL FUNDS 4.863 209.489 The chtiritthle c(Ynpwry As ertid¢d frryn awlit wAltr SeLKm 477 of the COM￿1￿ Act 21)J6 S)rtrr ￿ar endtsl 31 Juty 2021. The members hvt rt¥wiY•J the ) ottsin an •￿it of its th¢ y¢ C4b&d 11 July 2021 in &£Orda￿e with sed1(￿ 476 ofthe Ad ￿. (#) ensur1￿ tIMt the clwitsbFc k¢y cxffnpty with Sei(ffj$ 386 •wJ 387 ofth2 (b) FYerATing finITKi￿ 5t8tun•ts thh givea fair view oftht ofaffairs of the l￿1￿ble wmF•ny as at thc of exh fthwial year of Ats surpkn or thficii for fin¥￿i81 yew in xc0nja￿e with the Act 2006 ￿]¥17￿ fin•Kial far&s a￿l1(able tots Umnpany. subjeLt to tk strall canpnies Tbe fi￿￿1￿1 s1the￿ Mrr¢4V04rd iy th¢ Bwd(ITnLtson 29 JuDe 2022 its Ixh8lf L J_8L 4 L Dou8hty- TnL

GALILEO FOUNDATION c￿sH FLOW STATEMENT FOR THE YEAR ENDED 31 JVLY 2•21 21121 2020 (208y7> 142.3TJ C￿tt%e ID rngh Dd eJ4thAleKts l tht reportkng ptriod {208257) 141373 r¢portiDg wJod 78.116 Casb Athd ¢45k eqknl￿ts t •f Ibt reportin% trl 11232 220.489

GALILEO FOUNDATION NOTES TO THE CASH FLOW gfATEMENT FOR THE YEAR ENDED 31 JULY 2821 2020 flttnu•l ellviliE¥) (204.626) 145,115 Adjwtments for. (4.486) 855 In¢rew¢l{De¢r¢8se) iti emlikn 12.7421 120825T) 142,373

GAiJLEO FOUNDATION NOTES TO THE FINANCIAL STAT£MENI3 FOR THE YKAR ENDED 31 JULY 2021 Recommended Prxtice ft awities (S(XP 2015) {S&￿j Edrtio4 c1￿1ve l Janwy 2019. Financia] Rew>rtiDg Stwthd 102'Tr FIn￿Kial Re{K)rtE￿ Stsr#JknJ ap￿1¢ble in the UK Rqxthlic of Ireland. and G￿lIe0 FOU￿ tkfitiiknof •wdAic I%￿fita￿ WKler FRS 1tr2. Pre￿￿tI•ll of letfj￿ts OD * t•ing c•n¢ern b￿1 Intome In the ¢vert that a th¥nion is to a)Th4i¢K¥nS that rowire a lThEI of ￿fi)nna￿¢ t¢fore thE dJ8rity is ent1t1￿ in¢crt is def¢TroJ aNI Th)t MX8niseJ wil kn CO￿￿ltionS grc r￿lY m¢ or tl lfil￿￿￿t0rf￿￿￿ ￿ld1110￿ is wknlly within the LX)thl of ￿ dwity and il 1$p￿l￿bk that aJndi¢i(xJs will be fidfilltd ID EiptDdltu Liabilitits aff Tecognid as &4 il a l¢84 oNiwiLm axnmittiry the charityto thatexpeThlitur4 it 1$ wobatAe that • tyansfrrofeuwmicbenefjts will br ryuirtij in ttlcment and the gmowjt of the olAi8ation c4n iy weliably. is wAwled foron 8n a￿n￿LS FA8iS 8nd been ¢1￿1fic0 Ftslin8Sttrwtag￿¢gd￿8ll ttK%trelaledfothc(Bory. W1￿¢05ts¢arn0t be ¢￿redlY thinistrnti¢Xb and Cmplia￿t ?th ¢onsITi￿1￿al a￿1 Itqui￿th￿ C(ts éitt¢t ￿$tS of eMernal audi( Iwl f¢cs and Otherwor￿11￿￿ fvice. Restricted funds l￿lY be tArtioth fE5tsidal pwp)ses within tr obierts of the ch•rty. Ft)ttlgD As5cts and liabilitiey in foreigtt C￿re￿id$ afE tsanthd ith strrfing at the of exctrAnge ruIing at the ba18nce she¢tde. Transxtionsin forei￿ Curru￿leS tra￿￿1ed into #aling the rateof eXchwtgen￿In8 Delrtors at the amount p￿id n¢t of tsade di￿￿￿* d

GALIiEO FOUNDATION NOTES TO THE FINANCIAL STATEMENtS CM)NllNUED FOR THE YEAR ENDED 31 JULY 2821 C&sh at bank and in haTrJ bank athl thrt term highty Imiuid invcstsnents with a sIH)rt that will protbly rtsult in the traLsfu of furvjs * athird party t￿j theaDM)urtdue to sdtletheobligation can afterallowing for ¥ry tnth dimmts th In the viewof tr￿￿es ID applyi￿￿ ¥¢(￿}11￿g p)liciesath4%e41 ￿ Jwl8un￿ts wvcrcquird hale 111¢ Charity onty hAs firbwKial assets and liabilitits of 8 kind that quwlify u t*sic fjrwnciai iTh$tru￿ts. B&8is art initialty ￿￿]Sell at tr￿￿10￿ vmlue SUbseq￿nt]Y DONATIO￿ AND ￿GAC1￿￿ 2•21 2020 so.ni 913,795 RAISING FUNDS 2021 2020 13.840 44.403 53.727 42,430 23,635 18,420 Romej v￿ll￿ lili￿ IISA Ibnwoulrr&th (Xher 58243 25.393 138.212 38,441 83ffi36 176,653

GALIIEO FOUNDATION NOTES TO THE FINAI¥CIAL STATEMENIS-CONTINUED FOR THE YEAR ENDED 31 JULY 2021 •f Swrt t•Jts xdtvitys {See (Se¢ 6) Totsls 24A21 171,771 CHAArfABLE AcrivrriES.2•2• Gr￿t etivities l&¢ (Ste 6) Tots 51 591027 GRANfs PAYAB 2•21 2020 Graths ID With theobmiv 82.01 336J61 The (ounthtion Kkrtifyrrfopets theva1wsof￿ichek￿ all￿ withthe wetsoftlr Gajileo Foundioo the4x)skth missirffj of Pope FJh•nd the l)fftDt￿d fithwe netyjsofthe Holy See. Du¢ di11￿￿e is a￿11￿j ￿ all pAethial is mk to IKwd of 2021 21120 A1￿lie￿U￿lts I Union of S￿￿10rs Gencral Gaiilw Fourkn US Foth C4rits Rom¢ Parish Pis723 Aai Univu&ty of Exeter 73J72 220.692 39,917 27,290 17,097 11.849 li

GALILEO FOUNDATK)N NOTLS TO THE FINANCIAL STA]IMEm. CONfiNiIED FOR THE YEAR ENDED 31 JULY 2021 19.741 24,421 Totals Oth 43.945 7.924 51.869 SuNh)rt c( IJK1￿ in th airy ares fdlow%' 2020 Lepl f 9J9• 4.929 1•.741 7.924 Thde w• ￿•trUs￿' LYthi￿rdS yetr 31 Juty 2021 (X120-the STr). Payment lo1￿ tr¢ forts￿ expefyES tsllin8£175 bttn m yc4r ejtht 31 July 2021 (2020 £3931. 2020 18J33 304 917 19J54 I was anployal tyttx dwity ￿ theye¥(21720- 0) •J eThl £4LI)) in year.

GALILEO FOiINDATION NOTES TO THE FII¥ANCIAL STATEMENTS. CONnNUED FOR THE YEAR ENDED 31 JULY 2021 DEYroi 2•21 2020 cREDm)I￿. AMOUP47S FAIIINC DIE wmuN ONE YEAR 2021 2020 6W9• Lyeditors 11.000 165 IiJ55 1.000 MOVEMENfs Th FUNIXS OVtmeDt At IA2• At 31.7.21 Genernl furM18 2•9JIg (2W26) 4063 TOTAL FUNDS 2•9rt19 (2N,626) Net Mowemenk in fuTh At 31.7.20 145.115 209,489 TOTAL FUNDS 145.115 209.489 ii. RELATED PARTY DISCIA)SURES J Mccaffrey A￿Ki￿teS Ltd £66.T27 (2020.. £IrfP)J36) for fi￿¥￿{&￿$￿1￿E￿

GALILEO FOiSNDATION DETAILED STATEMENT OF FINANCIAL ACTMTIFS FOR THE YEAR ENDED31 JULY 2021 2021 2020 INCOME FROM: 5•,781 913,795 5Q781 913.795 EXPENDrruRE ProJ￿t expendiiure Romej Vatican liaiwn wryk USA d(NKsr outrcxh Grants paid 13 53.727 42,430 23.635 18,420 403 138.212 ltsveslment ¢0gts 25J93 38.441 25J93 38.441 336J61 Oihtr C.on5uItwKy MiscelJanpJw offi¢% expenses 203.797 Support ¢• Inanee 'I'ravel and sulxisthti 65J4 203,797 35.822 393 173 73 6J20 Bank clw Foreign exd*nBe losses 7.666 43,945 Con8ultsncy Le8￿ fees gJ9• l•J51 3.000 4,924 19,741 7,924 T•)tsl 25S4•7 768.680 Iytt (¢xpeDdltu￿Yl (2•W6) 145.115 14