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
P*te
Rewrt of the TnLStees
Ito3
Ststem¢nt of Fit*n¢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 tnL*es 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 reg*d to P5bl* itsxfit ￿ld￿M% FwblisTrKd by tlr Charity
c￿Mmi*$I(￿ in dtknining the aL*l￿ti￿ lry the charity.
ACHIEVLMENfs AND PERFORMANCE
Every charity in the Uni*d KNwkxn lry theC0VII￿19 *Tr4 the C•lllen 00
exception. Whilc maiDtsinI￿ 8ryM4 with ow A•kcknld￿ we 8lx) wi*J much of
Thathks to the 8¢neroits SUFf<lrt of a&MII numiYrofoursuppxta5 and I%ne(ad￿ w%re the ID rnairtain 5UFV)rt
for ￿)me of our corE Aakek)Idus s￿h ￿ the reli810￿ Sistus of Talitha Kum fi8hting hhman trAffi&in8 *ft)LuO the
world. We ¢￿tinued our sufft ford%ir'Wells of Hcye Il. in Jord*L Syrxa and Lkn.
The VatiC4n Mu5ewns Ixen se• impl•J by ts gthl and the truskes f¢h that it
imFKlrt4Ult to continue our SUMM*t ￿WardS fiThling a 5tsff rnemlKr in the P*ron8 0ffi(t Internship as tl
r¢gular (x>mmuniL*i(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 h*1 $4rx)rta in
previousyear&
foundation ple￿￿ *) rnakE an￿beror 8rants towwd8 the visitof POF Francisto i*bATKTrn which place
in Morch 2021. Tr Galiko Fowd¥tion b¢1￿￿ ofthc 5i*s 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 c*hism 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 indi*ed 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*£natkliber*eeff(wtto ￿lI]*the￿li1MU1ated surpluse5
throuththe8lkK*ion ofgr*tstoproFdsttMt ￿m￿d￿a>S yearlife4w A$a￿SUh0fth¢Y¢ waivitiesourreserves
weffe d￿rgaSed k> £4.863.
li is the wJli¢y of the trustees to retain suffKwt unreariL*d whidL in their J￿Igen￿￿ will mitiw the short.
temi effttt of xn¢ornc volatilty rtin to wfficiert iw)me ty rneet current fithjre operntronal
activities of the elwity. Tr tha￿ty,5 res¢ry¢4 tt £4.863 the trLLStee$ 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 ofAwg*w)n limited as defined by the
New truslees are nominateA by t**rd mcmber orjohn MLfafftry (Presithnt of (iaEikn Tro￿aIt10n) to the iK)ard
and thre Yot¢d and aFpovcd *a IKwd n*ctiD81th¢ 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$1bk forwEparin8theTruth' R¢port
A¢couMing Pra¢tict).
¢w of the of affair5 of at*1 of ts im%nin8 r¢￿v￿%5 applwion of rc50UTtt8
includi￿the]￿￿￿¢a￿leX￿Mlli￿<Orth¢¢lWtiaiIec{MnW KrtFWiD8tlu¢ fin￿1&1 ￿￿¢ments.
the r4uir>Jto:
disclosed aTrJ exphÈvd in tr* finlncial statan
clwilabk £L￿panY will Contin￿ in IyA8ine&
the finan¢ig1 wTrsitr"on of the ch¥itsble compary 8nd enabk them to ensu¥c th* the fin8rKial ￿eme1￿ cornply witti
thc CoMk￿ley Act 2th)6. Try are kn resfft&ble for safegutrdin8 th¢ as%ts ofthc chritsbk conJFryDy and henc¢
Apwoved ty or&x of trx lI￿d ofththeson 29 lune 2022 aThJ si8ttd(ffl its lYJMlf by.
L D{X￿ty.Trn$￿e

I rewrt to the Tm4ees w my oftt* *c<utsCdiko F(xDJ&*)o thrtsyfar 31 Juty 2021 whi¢h
are set (Mrt on 5 to 14.
Th¢ tnth (wk> 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 s*isfi¢d that audit is ftythisytar 144(2) rftheClwiliBS Ad 2011 (the 2011
Havin8 %*isfied Myselfd*ttheX*crf￿ 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 F*rt 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
Tot*1
50.781
913.795
EXPENDITtIRE ON:
Raising fvnds
83.636
176.653
Ch*rhxble 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 SeL*Km 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 fthw*ial 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% t*rl
11232
220.489

GALILEO FOUNDATION
NOTES TO THE CASH FLOW gfATEMENT
FOR THE YEAR ENDED 31 JULY 2821
2020
fltt*nu•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¥n*ion 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 MX*8niseJ w*il kn CO￿￿ltionS grc r￿lY m¢ or tl
lfil￿￿￿t0rf￿￿￿ ￿ld1110￿ is wknlly within the LX)thl of ￿ dwity and il 1$p￿l￿bk that aJndi¢i(xJs
will be fidfilltd ID
EiptDdltu
Liabilitits aff Tecogni*d as &4 il a l¢84 oNiwiLm axnmittiry the
charityto thatexpeThlitur4 it 1$ 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¢td*e. 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 prot*bly 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
Found*ioo the4x)skth missirffj of Pope FJ*h*•nd the l)fftDt￿d fithwe netyjsofthe Holy See.
Du¢ di11￿￿e is a￿11￿j ￿ all pAethial is m*k 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 are*s 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