Do¢u8vJn Env¢ly ID.. EDD2F19E.F2AJ45tt-A61U360087D0580 Registered number.. 10779496 Charity number: 1178409 ROSMINI PUBLICATIONS LIMITED IA Company Llmited by Guaranteè) UNAUDITED DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 L>)c4J¥YJn Envekno ID.. E[Q2F19E￿2A345DC￿6l>6J6CIj87DQs80 ROSMINI PUBUCATIONS LlkllTED IA Company LSrnlt•d by Gu*rante¢l CONTENTS Page Reference ind Admlnlstratlve Infonnatlo Olr•ctors' R¢port Dire¢toYs' R•$ponslbllStle¥ Stat•m•nl Ind•p•ndent Ex•mlnerfs Report St•tsment of Flnancial Actlvlti 10 statement of Flnanelal Posltlon Cashllmy Statem¢nt 13 Notes to th• Flnanclal Statements 14-24 DwAJ&W Enveklè ID.. EDD2F19E.F2A345DC-A613436D087DO580 ROSMINI PUBLICATIONS LIMITED IA Company Llmlt•d by Guarantse) REFERENCE AND ADMINISTRATIVE INFORMATION DirÈeto Antonits B¢ls6tts, Chairperson Joseph O'Reilly Peter Mullen Chris Fuse (resigned 6 Jonuary 20251 Tom Thoma$ (appointed 6 January 20251 Company registered numbèr 10779496 Charfty regl$t•rgd number 1178409 R•gistèred offlce 200 Le¢rnin9 Lane North Mansfield Woodhousè Mansfi?Id Nottinghamshire NG19 9EX Company $•¢r•tary L&P TruBtee Strrvi¢ss Limited 23 Sl stephen's Green Dublin 2 Ireland A¢¢ountant RBK Audit UK Limited Terniini 3 Arkle Road Sandyford Dublin 18 Irèland D18 CSCS Prlnclpal bankers Royal Bank of Scotland Drummond Housa ICNI Branch Customer Service Genlrg Drumrnond Housg 1 Redheughs Avenut Edinburgh EH12 gJN Invèskn•nt advlser• Bardays 2nd Roor Wndsor Court Caidiff CF10 3BX Date of Inttsrporatlon 19 May 2017 Page 1 Docuspjn Env¢b)pe ID.. EDD2FI9E-F2￿5D￿Asl>sJs008TD05s0 ROSMINI PUBLICATIONS LIMITED IA Company Llmlted by Guarants&} DIRECTORS. REPORT FOR THEYEAR ENDED 31 DECEMBER 2024 The Dire¢tors preseni their report 8nd the financial statements lot the year ended 31 De¢¢rnb¢r 2024 aTrJ cot)firm that it complies with cutrent statutory rg4uirements, and with the requirements ol the Charity. governing instrument. INTRODUCTION Rosmlnl Publications Limitèd l°The Charity") was in¢orp)r*ad on 19 May 2017 and Msistered as a Charity c 18 May 2018. Its purpose is to a(fvarKe the Roman Catholic rellgion for the bènefit of the publi OBJECTIVES, AIMS AND AcnviThES Obl•ctlv•g and Activiti8# Th& main objectNes is Specifical￿ reStr￿ted to advan¢On9 the Roman Catholic ieligion for the tenefit ol th pU￿1C by promoting the Roman CatholiG rgligion through the On9￿n9 translation. p￿)I￿￿tIOn and disseminati￿ of the teachin9s of Anttsnio Rosmini into the English language lo enlvJhlw others aboul thtr teaching5 01 the Roman Catholic rdigion in accord4nc• with the ch8ri5m of Antonio Rosmini. The Charity carries out its Charrtable activitie6 through the free provision of Idigious philosophical. Iheoltsgical. and spiritu81 material to Christian unNerS￿"es, Seminaries. and colleges. by promots'n9 player and study and by promoting knovledge of the Roman Cathdic faith. Publlc Benefft The Directors consider that the actIv￿¢S and achievements ollhtr Charity illu5trale that th¥ 8im$ of the Charity a￿ carried out for the publi¢ benefit. The Dir¢ctors confimi that they h?ve taken into account the best practice guidanee on public benefit when d¢riding what activitses the Charity undertakes. The b¢n¢fit which flows from the advan¢em•nt of the R￿an C¥lholic religion is a general msxal Improvement iri society because the followeis adhere to a code of behaviour which encowa9e$ lova of God and n¥ighbour, helpiryJ lo develop th￿r spirituality. The beneffts are furthèr domonslraled through.. the provision ol Roman Catholic religious books and matenal$ to the ￿e￿ra1 put4ic, whirj) promotes prayer, praise and study conlributing lo their spiritual, intelleciual and mor81 e with other members of the Institute ol Charity at Jutilee Celebrat￿)n5 in St Peters Ba￿11¢8. Rome. Page 4 Dotyjslgn Enveknp8 ID.. EDD2F19E42A345DN613436D08700580 ROSMINI PUBUCATIONS UMITED IA Company Llmlt•d by Guarantso) DIRECTORS. REPORT ICONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2Q24 l¢ontlnu¥dl FINANCIAL REVIEW During the yeai, the Charity received income of £49,451,12023-. £45.0241 consisting ol investment income and donations. Expandilur& totallèd £74,416,12023". £58,255) consistlng of Charftable actiwtiès and costs of r8lslng funds. Nel Burplus for the year totalled £35,292,12023.' £72,9561 after taking into account investment gain and1955es. Al 31 DeGetnbei 2024 the Chanty had funds of £1,792,f51.12023." £1,757,359). R9$8￿￿¥ poII¢y The Charity's finan￿al reserves aim lo generate a level olin￿Me to m*ch ils tsr9el foT donations and Ggst of Charitable activiti•s. This approach is int8nd•d to ensure that the level of reseNes is maintained. In 2024 Charitable activities expenditure lotalled £69.829.12023,' £53,875) this repiesenls 94%12023'. 92°/fjl of the total exp•ndrtur•. At 31 D•cember 2024 the Charrty had total funds of £1,792.651,12023.'£1,757,3591 all of which are considered lo be unre51ricled. The Directors ol the Charity reg￿arlY revFew the amount of funds that the Charity requires to enslwe they are adèquatè to lulfil tha Charity's continuing obligations. Post Balance Sheet Events There have been no events since ihe year end whith required adjustment to, or disdosure in the financial Slatements. The Directors are 58tisfjed that they can contsnue lo operate as ¥ going ¢oncem despite the cwrent ch8llen98¥ lacing the Charity sector, the County and the wodd. STrUCTURE. GOVERNANCE AND MANAGEMENT Governlng Document Rosmini Publications Limited 15 a company limitod by guarantee and not having share caFitsI. The wnpany number is 10T19496. The Charty Is govemed ty its Memorandum and Articles of Association as acknOw￿dged by the Cornpanies House on 6 June 2017. The Chatity is a registered Charity with the UK Charity Commission ￿￿er Charrtable number 1178409. Rterultment and Tralnlno of Dlrèetoys In 8ccordanee with the Memorandum Articles of Association, the Directors a￿ app￿nte(l by the members ol Ihe Company. The Directors shall be not less than 3 and shall not be subject to a maximum. The Directors during the year, VAY) are also ihe Members of the Company, are shown on page one. The Directors are chosen on the basis of their wllingrE5S to sewe. ability, governan￿, experience arnl 8UPPQrt ol the ethos, mi88ion and philosophy of the Charity. The Directors are well infomied 8tM)ut the Mission. gDverning docutnent gnd hi5tQry 9f the Charity. The t8cm of office shall be three years anij a Director may be reappointed. The Directors are encouraged lo attend appropnate external training courses and events to facilitate tha undertsking tyf their rd*. Page 5 Lknu$wJn Envthw ID.. EDD2F18E￿2Aj4SD￿612￿36Do87D058o ROSMINI PUBLICATIONS LIMITED IA Company Llmlted by Guarantee) DIRECTORS, REPORT ICONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Organlsatlonal Structuro The Directors are responsible for the poliei•s, aclNities and a55etg of the Ch#rity. The affars of the Charty are managed by the Boaid ¢f Directors Ytho are accountable lo the Members. The Btsart of Directors rneel regularty lo rwlgw al aspects ol the Ch•iiVs ath"vits"8S. Inv•stment pollcy The Charity's financial reserves b¢&n placed In h)ro l&rm investments, Ihg Purpose of which is to provld8 Inv&5tmenl incorne to promottr the Charitable oblèetivès of th• Charity and to provid* ¢apital grovrth over the long lemi. A conseNative investmonl strategy has begn adopted. Investm&nt In￿rne aThJ 9air* wll b$ u$8d In future to fund donabons lo fvrth•r the Chartiable objÉetlves of the Charity. This reportwas approved by the Diractors and signed on their behalf by.. fxls Antonlo Bo181to Director Jos•ph O'Rellly Dire￿Or Date.. 23rd July 2025 Page 6 DorJJ5vJn Env¢l¢pe ID.. EDD2F19E-F2A345DCA613436D08700580 ROSMINI PUBLICATIONS LIM￿ED IA Company Llmlted by GuarantO91 DIRECTORS. RESPONSIBILMES STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 The DirÈetors are responsible for praparing the Direciors, Report and the financial statements in accord￿Ce with applicable law and re9uEations. Cornpany law r•quires Ihe Directors to prépare financial statements for ea¢h ffinandal year. Undèr that law the Diredors have electèd to prepar8 the finanri¥l st¥tÉments accordance with Vnit•d Klngdom Generally Accepted Accounting Practice (United Kingdtsm Aecounting sta￿ards and applicable lawl induding FRS 102 "The Financlal Reporting Standard applicable in Ihe UK and Republbc tsf Ireland. (Small Enthtiesl. Under Company law the Dlrectors must not approve the finanual statements unless they a￿ satisfied that thèy give a true and fail view of the state ol affairs of the Company and gf Ihè incom• and expenditure or loss of the Company f￿ that period. In pr8pariro these finanaal statements. the Director¥ are requlred to,. select suiiable acctyjn￿ng policies and then apply them eonsistently.. obsÈNe methods and principles In the Charities SORP Islalernent of Recommended Pra¢bcol", make a Judgements and accounting èstimatès that are reasonable and prudant", state whelher appliGable UK Accounting Slandards hav• been folh)wed, subjécl to any material departUT¢S disdosed explained in th8 financial stalernents., prepwe the finan¢ial stat8ments on the gtiing concam basis unless it is inapproprlate to presurne th41 Ihe Cc¥npany will Continuè in business. Thè Directors, are responsible for keeping adequate aGtounting rectsrds that are sufficiènt to show and explain the Cornpany's transxtions and disdose Y￿th reasonable accuracy al any lime the financial PD$btion of the Company and enable them to ènsure that the financial statements comply wth the Companiès Act 200&. They are also reS￿n￿1b1È for safeguarding the assets of the Company and hence for tsknng reasonable steps f¢r the prevenfion and detsction of tr8ud and other irregularities. Directots deelaratlon on unaudlt•¢l flnanclal statements In relat￿n to the financial ststements comwlslng the Stslemenl of Financlal Aclivities, the Slatem&nl of Finan¢ial Position. the ¢•shfrJw Statament and the related notes.. The Diro¢tors approve these finan￿al statements and confirm that they are responsible for them, including selecting the apprtspriate accounting poli￿e$, applying them consistently 8nd making. on a reasonable and prudent ba$i$, th& judgements undedying them. They have bètrn prepared on the goiro con¢em basis on the grounds thal the company wll continue in busings8. Speclal provisions relatlny to small companl The above repwt ha5 been prepared in accordance with Ihe Special prtsvisions relating to small companies Ihirn Part 16 of the Compani*$ Acl 2008. On behawoflhè Board.. Antonio Director Joseph O'Reilly Director Date.. 23rd July 2025 Pa9e 7 Docusbn ETr¥aknpe ID.. EDD2F19E.FIA345DC-A81M36DO87D0580 ROSMINI PUBLICATIOIIS UMITED IA Company Limited ty Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Indgp?nd•nt Examlnw's Report to th• Dlr•ctors of Rosmlnl Publleatlons LIM￿edIth0 Company) l ￿port to the Directors on my examination of the acctyjnts ot Rosmini Publication$ Limrte(I for the year endgd 31 Decernber 2024, which comprise of the Statement of Financi¥l A¢tivrties, the Staternenl of Finanual Po$f¢ion, the Staiemenl of Cash and the notès to thè accounts. including ¥ summary ol SignTrI￿nt aw)unting policies. R•sp•etlv• R•sponslbllitle$ of Dlr•ctots and Examln•rn and Basls of R•port As Ihe Directors of the Charrtable Company Y￿ are respcfflsible for the praparation of Ihe a¢¢outM$ In ac￿r￿8￿co the rewirements ofthe Companies Act 20061'th8 2006 Acl). Having satisfied mysèN that the a￿OUnts ofthe Charttablg Company are not rèquired to be audit•d under Parl 16 of the Companies Act and are eligiblè for independent examin8tion, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charitses Ad 2011 Ilhe Charities Acfl. In carrying out my examination I have follow•d all the applicable Dirécth)ns given by Ihe Charty Commission under sedion 14515llbl of the ChBrities Act. Independ•nt Ex•mln8r's Statemènt conffirm that l am qualiffie4J to undertake the examination because l am a member of The Chartered Accountants Ireland, which is one of the list¢d bodies. I have completed my examination. I confirm that no matters have come lo my attention in conne¢tOon wtth the exarninalion giving me cause lo believé that in any material r*S￿¢t.. accounting rewTds wor8 not kept in rèspect of lh• ch￿Ilable Coryany as required ty Bection 386 ofthe Companies Act-, or th¥ a¢counts do not accord with Ihose records., or thè secounts do not cornply with the accounting requiremert9 of $￿tion 396 of the Companiès Act other than any requirem¢nl that the accoun15 give a ￿u• aThJ faif view whid) is not a matter COn81d￿ed as part of an independent exarnlnation.. or the ac¢¢)unts have not been prepared in accordance wlh Ihe Meth￿j$ and principles of the Stslement of Recommended Pr8¢b"¢e for accounting 8nd reporting by Charities applicablo to Charthes preparing Ih?ir account$ in accordance with the Financlal Repo￿ng Standard applicable in the UK and Republic ot lrtrl￿d IFRS 1021. I have no material ¢oncèms have come other material rnatters in connects'on wlh the examination lo whith attention should be drawn in Ihis repcrt in e(der lo enable a proper understsnfjing of the accounts lo be reached. Pa9& 6 ROSMINI PUBLICATIONS LIMITED IA Company Limited by Guarantso) INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 This rekx)rt is made solely to the Company's Directors. as a tthy, in accordance WTth Part 4 of the Charittes (Accounts and Reports) Regulatlons 2008. My work has been undertaken 80 that I might stale to the Company's Directh those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest 8Xt8nt P8rmitled by law, I do not accept or assume responsibility lo anyone other than the Company and the Company's Directors as a body. for my woth or for this report. kJL Ronan Kllbane Fellow of Chartered kcountsnts Ireland RBK Audlt UK Llmlt•d Termini 3 Ar￿e Road Sandyford Dublin 18 Date.. 0710812025 Page 9 Enveb¥e ID.. EDD2F19E.F2A345Dc-A$13436Do87D￿80 ROSMINI PUBLICATIONS LIMITED IA Company Llmlt*d by Guarant••) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME ANO EXPENDITURE ACCOUMT) FOR THE YEAR ENDED 31 DECEMBER 2024 Vnrestrlcted lunds 2024 Total funds 2024 Total funds 2023 Incom8 from: Inv93tmenl$ Other Incomt 48.751 700 48.7S1 700 45,024 Total Incorne 49A61 49.451 45,024 ExpendSture on: Raising funds Charitable activities 4.687 69,829 4.587 69.829 4.380 53,875 Total •xp•ndlture 74,416 74.416 58.255 N•t exp•ndltur* bgfor• n•t 9alnsl4loss•sl on inve¥lmonts Net gain$ on invos(ments 124965) 60,257 124,96S) 60,257 113,231} 86,187 Net movement in funds 35,292 34292 72.9S6 Rgcon¢lllatlon of fund$- Total funds brought forward movement in funds (see abov?) 12 1,767,369 35,292 1,757,JS9 34292 1.684.403 72,956 Totsi funds carrfed forward 12 1,792,651 1,791661 1.757,359 All activlties are wntinuing. Thare are no r•cogni8ed gains or ltsssès other than as disdosed 8t¢v•. The Statsment of Financial Adivitlès Incorporates an incorne and oxpenditure account. The notès on pages 14 to 24 fom) part ofthese financjal statemenls. Page 10 D¢￿￿JTh En¥ebte ID.. EDD2F19E-F2A345DW13436D08700580 ROSPAINI PLJ8LICATIONS LIMITED IA Comp•ny Llmlted by GuafaTrteg1 REGISTERED NUMBER: 10779496 BALANCESHE AS AT 31 DECEMBER 2024 2024 2023 Note Fix•d assets Tangible assats Investm¢nls 206,794 1.544,529 213,012 1,518,839 1,750,323 1.731,851 Curr•nt Ass•ts Cash at bank antj in hand 15 31.698 34,799 51.696 34,799 Creditors.. arnounts fallin9 due wrthin one year 10 19,3681 19,2911 Net current assets 42.328 25,506 Totsl net 08sets 1.792.661 1,757.359 Charlty funds Rèstricted funds Unr¢9tricted lunds 12 12 1.792.651 1,757.359 Total fund 1.792.651 1,757,359 The fin8n¢ial ststements have been prep8rad In accordance with the provisions applicalle lo ¢omparMes subject to the small Compani￿. r89ime and in accordance with the provisions of FRS 102. For lh9 financial year en￿d 31 Dwmber 2024 the colnpany entitled lo exernplion Irom audit under seth.on 477 tsf Ihe Companies Act 2006. The Diredors confirm that Ih? members hav6 not requiT¢d the company to oblain an audit of its financial statements for the year in question in accordance wlh section 476 ol the Companies A¢t 2006. The Directors acknovAedggs their resp)nsibilitie5 lor ensuing that the company kaeps accounting reMrd5 which comply with section 386 and for prtparing financial statements give a Irue and fair view of 3tat¢ Of affairs of the company as 8t the end of the fin8n¢ial year and of its income prKI èxpènditwe for the financial year in accordance wth Ihe requirgmènts of section 394 and 395 whth otherwise cornply with the requirements of the Companiss Act 20C6 relaling to finan¢lal slalements, so far as applicajle to the company. Pa99 11 Dc¢uslan EnbEkJFé ID.. EDD2F19E-F2A345D&Ael34￿DO87oD58o R05MNI PUBLICATIONS UMITED (A Company Llmlted by GuaraDtg9} REGISTERED NUMBER: 10779496 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The finanaal statomttM$ wèrè approved and aulhori¥ed for issue by the DirectQTS aTrd svJn•d on their beh&ir nlldby. ExLs& Antonlo Bg Director Jogeph O'Reilly DSreetor Dats.. 23rd July 2025 Th¢ notès on pages 14 to 24 fomi of these financAal sl&t8ments. Pgge 12 Docu5vJn En*bp8 ID.. EDD2F19E-F2A345Dc461MY8D08700580 ROSMINI PUBUCATIONS UIJITED IA Company Llmlted by Guaranto01 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 310ECEM8ER 2024 2024 2023 Cash Ilows from operating #etivities Net cash Iu8ed inl op•ratlng actNrties 14 161.8341 143,4731 Cash flows from inv•#tlng actfvitles Diwdends ¥nd interest from investm$nls Purchase ol langibl• fixed a$set$ Movement on Investments 48.751 45,024 114.6751 29,980 Nèt cash provided by investlng act1¥￿1&$ 78.731 30.349 C45h flow& from flnan¢ing a¢tIvIt￿8 N•t cash provided by finanelng activities Chang• In cash and ¢a$h •qulvalents In the year Cash and cash •quival8nts at the beginning of the year 16,897 113.1241 47,923 15 34,799 Cash and ca$h oquSvalents at th• ènd of lh• year 15 51,696 34,799 The notes on page8 14 10 24 fomi part ol the8e financial stslements Page13 DoGus*n ID.. EDD2F19E42A3450C-A813436D087D0580 ROSMINI PUBLICATIONS LIMITED IA Company Llmit•d by Guaranl•è} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ggnordl Informatlon These fin8ncial statements ¢ompri$in9 the Statement of Finanrial Adivrtitis, the Ba1￿ce Sheet, thè Statement ol Cash Flo￿ and the ¥elated notes inejuding significant accountiro policiès conslilule the financial statèmants ol Rosmini Publications Ltd for the financial year end 31 D￿rnber 2024. Rosmini Publi¢81ion$ Limlled is a Company limit¢d by Guarantee incorporated in the UThted Kinglom. Thè registered office is 200 Leeming Lane North. Mansfeld Woodhouse, Mansffield, Nottinghamghire NG19 9EX. The nature of Ihe Charity's operations 8nd its principal actiYilie5 are set OLrt in the Directors. Report. Accounting policio$ 2.1 Bas1$ of proparation ol flnanclal ststwnents T￿$8 account$ hav8 bèèn pr•par8d for the year endèd 31 December 2024. Tho flnanclal staternenls have boèn prepared in accordance vAth Accounting aThY Repoth9 by Charities". Statement of Recommended PraGlico appllcable to charities preparing thelr accounts in a¢¢ordance wth the Financial Reporting Standard applicatle to the UK and Republic ol Ireland IFRS 1021 leffective 1 January 20151 ICharth£s SORP IFRS102}), the Finanoal Reporting Stsndaid applicable in the UK and Rapublic ol Ireland IFRS102}, the Chanties Act 2011 and Companies Ad 2006. Rosmini Publicationa Limlteil meets the definition of a public benefjt enlity undeT FRS 102. Assets and liabilities are initially recognised at historical cost or transa¢b"on value unless othe￿73e ststèd in the relevant accounting pdicy. Z2 Prepardtlon of the accounts on a golng concgrn bas1¥ Having considered future budgets and cash flows. the Diredors ￿nfim1 that they have rnaleri uncertaintie5 aboul th• entty's abilily to Continuo as a going con￿rn for the foreseeable future. With respect to the next reporting year. the most significant atea$ of uncertainty that affect the carrying value ol assets held by the Charity 8re the levd of investment retum and the perfomiance of investment markets. In making this assessmenl the Directors hav8 consKkred the level of serves held and the low lev•1 ol not￿discretiOnary èxpènditure. 2.3 In¢om• r•cognStlon Thi$ comprises of investment irKome. All income 1$ rècognisèd once the Charty has entrflement to the income. tt 1$ prtsbable that the In￿￿8 will be received. and the amount of incorne can be m¢osur8d reliably. Donation5 are recognised by the Chorfty in the statement of Flnanckql Adlvltles in the ytrarto which they relate5 10. Page 14 Dwsbn En¥ehJw ID.. EDD2FI&E.F2A845D&A61M36DO87D0580 ROSMINI PUBLICATIONS LIMITED IA Company Llmltgd by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting pollcl•s Icont5nuedl 2A Exp•ndlture re¢ognition LiabHities are recognised as expenditure a5 8cx)n as there 1$ legal or construcbve obligation committing tha Charrty to that expendrture. il 5$ prc*able that setuement wll be requirèd, the amount of obligation be measured reliably. Expgndrture is recognised on an aecruals basis as a liability is incurred. Indusive of VAT. ￿4)1{*1 cannot be recovered. Charrtable activiti98 ￿MpriSe of direc4 costs ￿ support ￿$1$ which corrorise of organisats)nal administration costs, there indudè dirèet eosts of professional advice. Expandrture on Charitable Activitiès indudes expenditure on the Charty's promory purpose as described in the Truste?¥ Report. 2.5 SlpnM¢ant judgements ¥nd $oure88 estlmatlon uncertalnty In the view of the Diiectois In applying the accounting policies ad¢pt8d, ￿ judgements y￿8 required that have a significant effect on the amounts recognised in the financial ststem¥ntg nor do any estimates Or assumptions made cary a significant risk of material adjustment in the next finanaal y•ar. 2.6 Tanplbk flx•d assets and dgpro¢litlon T¥ngiblé fixed as6ets under the ¢ost modal Bre stated at historical wsl l•ss accumkAat8d d8pr•ciation and any accumula18d impairment knsses. Historical cost includes expendrture that is direcuy attributable to brlnging the asset to tho ltscatlon and condition nece55ary fot it lo be capable of operating in thè mannèr intènded by management. Th$ Company adds to the carrying arnount of an item ol fixèd assets the c05t of replacing part ol such an item ¥then that cost is incurr•d, if the le￿a¢ement part is expèdÉd to provide incremental future benèfits tts the c￿pany. The c8rryirvJ amount of thè replaced part is derewgnisod. R8p8irs and maintenance arg charg•d to the statern¥nt of financial activitiès during the pariod in ¥thi¢h they are ineurred. Dopr8ciation is charged so as to allocat• the CA)St ol assets less thelr resldual vdue over ihdr estimated useful livès. uslng the slraght-line method. Deweciation is provhlèd on the following basis.. Freehold propety Motor vehlcles 2% 20% The 853ets' residual values, useful livès d•preuation methods are revie4￿. and adjusted prospectively if appropriatè. or if there Is an indication of a signthcant d)ange since the last reporting data. Gains a)d losses on disposals are dètermined by CA)mparing t1￿ prrLeeds with the rrying amount and are recognisèd in the Statement ol Financial ACtI￿ti￿$. 17 Funds The General Yunds cif Ihe Charity Ibgth assets and revenuel comprise of unrtrstsi¢t8d income vthich the Llrectors are free to U5• in accordance 7Mth thè Charity objèrts. Pag8 15 Docusion Envelope ID.. EDD2F1SE.F2A345Dc-A61>636t￿}B7D0S80 ROSMINI PUBLICATIONS UMITED IA Company Llmlted by Guararht••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policl•s l¢ontinu•dl 2.8 Investments Investments are a form of basic financi81 instruments. They are inibally r•wgni$ed at th8 Iransactson value and subsequently valued at their fair value at the statement ol financial posits.on date using the closing quoted markèt pnce. The Stslernenl of FinanGial Ath'vilie$ indud*5 the net gains and losses arising on revalualion and disposals throughout the period. 2.9 Investment gain5 and losses Realised and unrealised gains lor lossesl are ¢redited (or del)it8dl lo Ihe statemgnt of flnanoal actwitie8 in Ihe year in which they arise. 2.10 C￿h Jt b•nk and in h•nd Cash al bank and in hand indudes cash and th)rt-terni highly liquid investment8 Wrth a short malurlty of three month$ or bss trom the dale of aCqui￿￿on Or OFeni)g ol the dèposrt or similar account. 2.11 Credltorg and provlslons Creditors and provision5 are recognised vh)ere the Charity has a prè$ènt obligation rèsdting from ¥ past ¢v&nl that will probably resyll in the transfer of lunds to a third paty and the amount due to settle the o￿lgatIOn can be measured tsr estirnat￿ r•I1￿y. Crèdittirs and provisions art normally rec¢gni8ed at their sethement amount after alk)wing for any Irade discounts due. 2.12 LlabllltS04 Ind provlslon$ Liabilits'es are recognised when there is an otAigation at th& 8alatKe Sheet date as a result of a past event. it is probable that a transfer of Éconornic bonefft wll be required in Settlement. and the amount of Ihe settlement can be estimated r6liabJy. abilities are recognised at th6 amount that th& Company antlcipal•$ it VAII pay to settla the dabt or tho amount il has receiv¢d a$ advanced payments forthe goods or services it must wovide. Provisions are rn08sured at the best estimate of the amounts required to settle the obligath)n. Where the effect of the tim8 value of mongy is rnaterial. thp kyovision 1$ based on the present value ol those arnounts, discounted at the prewlax discount rate that reftects the risks specific to the liability. Thè unwnding ol Ihè dlseount is rs¢tsgnised in the Ststernent of Financial Activitigs as a finance cost. Page 16 Dc¢U￿￿ Envelope ID.. EDD2F19E-F2A345DCA61M36DO87D0580 ROShlNI PUBUCATIONS UfvITED IA Company Llmlted by Gu#rant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcl•B Icontinu•dl 2.13 Flnancial in$trum•nts The Cornpany only tsnters into basic financial instrument transactions that resutl In I1￿ recognition of finandal assets and liabilities likg tf8de and other debtors and creditors, Ii)ans from banks ¥nd other third parfr.￿, ktans to related parties and inve¥trnents in ordinary sh3re8. Debt instruments lolher tran those wholly repayable or ie¢eiv8ble within one yearl. Inc￿dIng bans other a￿oun1$ receivable and payab￿, are initialy measured at present value of the futurg cash llows and 5ub8equently at amortised cost using the effective inteTest method. Debt instruments that are payable or Teceivable wthin one year. typicaly trade deblois and creditors, are measured, initially and wbsequonlly, at the undiscounled amount of the cash or other consideralion ¢xpecte(I to be paid or recewèil. However, if the arrangements of a short-temi instrument constrtute a financing trènsactson, like the payment of a trade debt deferred beyond nam￿1 business terms or in case ol an out-right short-tem loan thal is not al rrarket raie, the finoncial asset or liability is rnea¥ured. inrtially at the present value of future cash flows discounted al a Mark￿ fate of Inte￿$t for a similar debt instrumènt and subsequently at amortised cost, unless il qualifies as a loan from a Directgr in th? case of a small COm￿ny, or a public benefrt entity eoncessbonary ltsan. Financial assets that are measured at cost and arnorbsèd cost ar8 assessed al the end of each repgrting period for objectivo evidence of impaimient. If objective evidence of impoirn)ent 1$ found, an impaimient loss is recogni8¢d in the Statement of comprehen$lve income. For fmancial assets measured al amortl8ed cost, the impaimenl lo$$ 1$ measured as thg differénc• be￿n an asset's carrying amounl and the p￿￿nt value of estimated cash flows discounted at the assefs Original effective inteiest rate. 11 a finartcial assot has a variable interest rate, th• discount rate for mèasuring any impainnenl lo$$ is th• current effective intemt rat• deten7)ined under the contract. For financSal assets measu￿d at ¢ts8t loss Smpalmient, the impalmenl loss is mea6wed as the dlffer6nce b￿￿en an assat's carryiro amount and ￿$t •stimate of the recoverable amaunt, thich is an approximation of ¢he amount that tha Company would receive for the asset if it were trj bè sc4d at the reportin9 date. nanclal assets and liabilitiès arè offsat and the net amount reported in the Ststemenl of flnèncial po3ilion whèn there is an enforCe8￿e right 19 Sét off the recognised amounts and there is an Int•ntlon to settle on a nel basis or to rèalis8 the asset and settla the liability simultaneously. 2.14 Fund accountlng Goneral lunds are unrestricted funds whkh ara available lor ustr at the discreticffl of the Directors In fvrtherance of Ihe general objectives of the Company and byhich have not been designated for other purws•s. Inveslm&nt income, gains and105685 arè allocat8d to the appropriate fund. Pago 17 D￿U$l0￿ Envelopg ID.. EDD2F19E42AM5DN61M36D087D0580 ROSMINI PUBUCATIONS UMITED IA Company Llmlt?d by Guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from investments 2024 2023 Investment income 4&751 45,024 48,751 45,024 Income from other actlvltles 2024 2023 Other income 700 700 Exponditure on raislng funds 2024 2023 Inveslment management fees 4,587 4,380 4,587 4,380 Expendltur• on ¢harllabl• •¢tlvltl•s 2024 2023 Support costs Le9al and prtst¢$$ional Staff cost $6,840 3,039 9,950 40,574 2,516 10,785 69.829 53,87S Page18 tXXU6*Jn En¥ek¢)o ID.. EDD2F19ES2A345DC-A613436DO87D0580 ROSMINI PUBLICATIONS LIMITED IA Company Llmlt•d by Guarant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 St•ff ¢¢>sts 2024 2023 Grosswages Soaal se¢urity costs Pension eosts 9,950 9,950 832 832 10.782 10.785 Durfng Ihe year ended 31 Decen4)or 2024, the average number of•mployees was 1 12023.. 11 The CharW$ key management personnel are rts Directors tho rtr¢•ived no remuneration or travel expenses during the peric*J. Page 19 Docus¥in En¥eb)p810.. EDD2FIgEF2A345DC-A61M36D087D0580 ROSMINI PU8UCATIONS LIMITED IA Company Limi1￿ by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEM8ER 2024 TaThglbl• flxed 8$$9ts Freehold property Motor v•hicl•8 Total Cost or valuallon At 1 January 2024 214118 14,676 228.793 Al 31 December 2024 214.118 14,675 228.793 Dopr•clatlon At 1 January 2024 Charge for thè year 12,846 Ak283 2,936 2,935 16.781 7.218 At 31 D¥cember 2024 17,129 5,870 22,999 Net book valu• At 31 Decemb$r 2024 196.￿9 8,8OS 205,794 Al 31 De¢ember 2023 201,272 11.740 213,012 Flxed asset Inv•slm•nts 2024 21Y23 Market value Mark•t valug ot 1 Janu¥y Movement on investments Investment management f8•s Net 9ains on Investmen13 1,518.839 {29,9801 14,5871 60,257 1.437,032 14,3801 86,187 Market value 8t 31 Deternber 1.644,829 1,518,839 Page 20 Oocusk7n Envelope ID.. EDD2F19E-F2AH5DC461M36D087D0580 ROSMINI PUBLICATIONS LIMITED IA Company Llmltsd by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Credllors: Amounts falllng du• wlthln on• y•ar 2024 2023 Accruals 9,368 9.291 11. Flnanclal Instrumènts 2024 2023 Flnanclal ￿gets Financial assets measured at fair value 1.544.529 1,S18,839 Fin9￿181 assets measured al fair value ¢on$i$l of fixed g$s¢ts inv¥slm¢nts. 12. Statement and summary offunds Statement and 5urnmary of fiTnds • current year Balance at 31 Gainsl December ILosses1 2024 Balan¢0 at 1 January 2024 Incorne ExpgDditurg Unrestri¢t•d fund$ General Funds 1.767,369 49,451 174,4161 60,267 1,792.651 Statsm•nt ind summary offvnds- prlor y•)r Balance at 31 Decern￿r 2Q23 Balance at 1 January 2023 Gains1 ILosses} In¢ome Expenditure UnMstri¢t•d fund8 General Funds- all funds 1,884,403 45,024 158,2551 88,187 1,757,359 Page 21 Docu81gn Envelope ID.. ED02F19E.F2A345fu613436DO87fx)580 ROSMINI PUBUCATIONS LIMITED IA Company Lim61ed by Guarant901 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 13. An4lysi5 Qf net ass￿ between funds Analysls of net assets between funds- current perlod Unrestrlcted fvnd$ 2024 Total funds 2024 TarrfJible fixed assels Fixed asset investments Current assets Creditors due withln one year 205,794 1,544,529 51,696 (9,3661 20S,794 1,544,529 61,696 19,3681 Toial 1,792,651 1,792,6S1 Analysls of net assets between fund5- prlor perlod Unrestn'¢ted ftjnds 2023 Total lunds 2023 Tangible fixed assets Flxod 8$set Inv•$tmonts Current assets Credrtor& due within one year 213,012 1.518.839 34,799 {9,2911 213,012 1,518,839 34,799 19,2911 Totsl 1,757,359 1,757,359 Page 22 Do¢u$*n ElTrve￿pe ID." EDD2F19E.F2AWDCA61M36D087N580 ROSMINI PUBLICATIONS LIMITED IA Company Llmltsd by Guarantéè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 1& Roconcillation of ntrt movement in funds to net Gash flow from operating a¢tivili 2024 2023 Nèt ineomè forthè yèor18$ ptrr Stslemenl of Financial Adivib¢51 36,292 72,956 Adlustm¢nts for: Investment income Investment management fee Deprecialion Inuease on creditors Net Igainlllosse$ on investm•nts 148.7511 4.S87 7,218 77 160,2571 {45,0241 4,380 7,217 3.185 186,1871 N•t cash lus•d Inl by op•rntlng actlvEtI•s 1610341 143,473 16. An*tysls of ¢a8h and Cash tqulvalents 2024 2023 Cash at bank and in hand 51.696 34,799 Total cash cash •quivahnts 51.698 34,709 16. Anaty818 of changes In nèt dèbt Atjl Docember 2024 January 2024 Ca#h flow Cash al bank in hand 34,799 16.897 51,696 34.799 16.897 51.696 17. Llmltgd Ilablltty The cornpany is limf(ed by guarante• and has no share capital. Every mèmb&r of the coryjany. of whom there are currenlly fryjr, guarantees to conlritr4Jle a maxirnum of £1 on winding up. Page 23 rhxuslgn Enve￿pe ID.. EDD2F19E.F2A345t)CA01>6360087D0580 ROSMINI PUBLICATIONS LIMITED IA Company Llrnltgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Taxation The company is a registered Charity and is not subject to eorporation tax or income tax on its Charilotle a¢tNille$. 19. R•￿t•d party transactlon¥ Two of the Directors of Rosmini Pthlicakns Limited are also Trustees of the Instrtute ol Charity IRosmini8nsl In Eng18nd, 8 registered Charity in England, this is an unirKorporated entty (Charity Number 2225081. Duriny the year, Rvsmini Publicth'ons Limited a donatipn of £8,000 lo Calvario Limited. 20. Contingent lability There ￿tre no ￿nts'n9&nI 11a￿.11tieS as al 31 December 2024. 21. Capilal commllm•nts Th&re were no capital commitments as al 31 Decèmber 2024. 22. Post balanc• sh••t •v•nts There were no 81gnificant ev6nl8 affèctlng the Charity slnce thè year end. 23. Approval of flnan¢lal statèments The board of Directors approved these financial statements and authorisèd thèm for i$wo on.. 23rd July 2025 Page 24