Register number.. 112111248 Charity numb¢r: 1180228 MESSENGER OF SAINT ANTHONY UK (A Comp•ny Limited by Cuar*ntee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
MESSENGER OF SAINT ANfHONY UK (A CopanY Limitrd by Grx¢te} COrE1[S Reftrente #d Admiuistr4tive Detsih ofthe Cowy. its Tr•Aees d Advi5trs Trustees, R¢port lThdeptndeDt Exgmi•erf$ Report StAtemeot of FI4¢1#1 Attivities Balante Sheo¢ i%ot¢s to ihe FiNmcial Sts¢¢Aw•ts 9-16
MENGER OF SAI ANThONY UK (A Cfjmp•ny Liwited by GrAnt} R£FERENCE AND ADMINISTRATIVE DrfAILS OFTHE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR EIYDED31 DECEMBER 202S Trustees MaTiO Conte Giorgia SartOTi Gian¢arlo Zamengo Gerard Thmas ary Hanky (resigned 12 Novefflber ?0251 Liam Patrick Redmond Kate Eli72beth CastellaTri Francesca F3r0 Falcont CompaNy reeiqter¢d mber 11201248 Chxrity TeKistered number 1180228 RegisleTed offitt o Sli8 Law LLP 22 Tuthx Str London EC4Y OAY AccouAt&i•ts eriou Bil Chartered A<1thn ?53 Gray's ln Road WCIX8QT Soli¢itors Slig Law LLP 2? Tudor Stre London EC4Y OAY Independent Ex#mintr Steve R¢)binson FCA Mere¢r & Hole LLP 3 Lombard Stre Lonthjn EC3V 9AA
MESSENGER OF SAINT ANThONY UK (A C•rnpamy IAmited by GwaraTrtet) TRUSTEES. REPORT FOR THE YEAR ENDED31 DECEMBER2025 The TNstees preseni their annual rep together with the finala1 of the Messcn8er of Saint Anthwy UK (the "Company- or "MOSA Uk") for the ye¥ ended 31 December 20?5. The Trustees ¢onfinM thai the Annual Rew)rt and rinancial sNements of the CornpaAy comply with the current ststutory requirements, the rcquirernents of the Comwy's governing th)cument. the Compat)ies Act and the provisiw of the S¢atemeni of Recommended Pracii¢e ISORPI. applicable to chaviiies prepariDg iheir xcounts in &cwdan¢¢ with ihe Financial RenIn8 Siandard applicable in the UK and Republic of Ireland IFRS 1021 leffrttive l January ?0191. Obje¢tlves Ind rtiwiti . Policies aod obittiives The Company i% eMablish¢d as a ctlaritable company promoie and VanCe the chris11 faiih LN syrnpathy with the ethics and ieachiny of saint AnItY of Padua and io fynher Such othcr whidh may be charitable accordin8 lo the law of England and Wales as the trustees see fit fr(m? lin)¢ IO iin]c. Activities y•dtrtken to ¢hi¢ve •bjertives The Compally achieve5 its objectives by distributing edkncional materiaj. Splf1¢a]fy a magazine. and making grants charitable proje¢ts particularly in En8land and Wales also in th¢ of the wwld with th¢ aim of relievins wverty and advan¢ing hcalrh, education and community dev¢lown¢ni. Aebievemets #ttd perfonn•n¢e Fin4ncil rtvi¢w . Going conttrn After making appToprtai¢ enquirtes. the irustees have a reasonable expe¢taiion ihai the Company has adequate re50ur¢es to ¢ontinu¢ in op¢rational existence for the foreseeable future. Thus the tnst¢es continue to adopt the soin8 concem basis of a¢countin8 in preParg the financial sw¢mts. P•ge )
MESSENGER OF SAIKf AHONy UK (A L4miled by Gmaranttt) TRusfEES' REPORT (CouED FOR THE I'EAR ENDED 31 DECEMBER 2•25 b. lTrcoMe d txwiditsr¢ The Company rtteived inwme fr¢)m and l¢gxi¢5 whid4 including Gift Aid and investment ineome amount to £529.615 12024= £904.4871. During rhe year the Company spent £41? 824 12074.. £390.87Jl on charitsbl¢ a1vIlle$ and £74.410 120?4.. £79,107) ¢Jn governaTt costs giving a totsl exFnditure of £487.2i4 (2024.. £469.9801. The net inctsme of th¢ Company was £42.381 (2024.. £434,507). Th¢ Trusttt5 will consider how best to apply these fund5 for charitsble In 2025 the Company ma(k rharitsble grants of £i12.300 12014.. £287.IXIOI. The expenditure on charitable grants comprised.. £60.OIM)12024 £50.OOOI D¢votional grant lo the Provin¢ia Italiana di Sani'Antonio di Padova dei Frati Minori Conveniuali. IPi5ap FMCI.-A¢coglienyA Pellegriiii . for the St. Anthony Basilica Pilgrim re£ewion progrnm. £30.000 {2024.. £30.0001 Devorional grants to the Si. ATht5 life exkibilion. These grants are made via Messaggero di Sant. Antonio Editrict IPisap'f)pere Arytoniane'l. 172,300 120?4.. £167.0(Kl) overs 8rnnts for IKMJsins. educatmm. hea]th¢are. imrnigra(ion advice and assistance with employment ben¢fKiaries in Cam¢roon. tkmomric Republi¢ of thc Con80. India, K¢nya, Pakistan. Sri Lanka and TanLgnia. The grants are m&k via Cariw Sa.An101o ONLUS i-caritas-l. £45.0001?0?4.. £40.0001 Housins and Welfar¢ Righrs grants to the Cardinal Hume Cenire Immigration .4dvice Servi¢e. in rrlalil w pwenting ond tacklin8 Imjmelessness and &lvrKacy WO fe refugtts and asyluln s¢ekers. £5.00012024.. £0) ernploymeni g1 via the Friends of the Holy Land: a Christi#n Charity registered with the Charity Commission. e. Financial POSI0 At i l December 202$ the Company had Cash at bank of £1.095.88? 1?024-. £1.018.8161 and debt0 of £27.9?7 1?024= £26.Oi61 givtng a total of gross ass¢ts of £l.la? .109 {?024". £1.IM4.857l- Against this the Compathy had liabiliiies of £71.014120?4.. £34.4i8}. Net assets * il Deccmb¢r ?025 Wd5 £1.052.795 {?024". £ I.010.4l41. li is The policy of ihe Comwdny n$trI fimds whh have been desiWcd for a 5pecLfK us¢ should be maintaith¢d al a level at least equivakfti to six months e.¥Fdi1Urc. The trustees trS1der that reservts ai this l¢vel will ertsur¢ that. tn the eveni of 4 significant drop irt fvndin8. thry 1] b¢ able to continu¢ ihe charity's currenL activities while consider10 LS giw¢n to way5 in which the additional funds miy bc waised. This l¢vel of reserves has been rnaintaLned throushout ihe year. Grants to bc rnade of curreni res¢rv¢s will be consid¢rd bj" the tnjsttts at iheir board meeting TO be held in April 2026. In arriving * the levd of grants due resard will be paid io the Company's reserves lIcY. Structur¢• YJVenll¢e amd mx•zeJDe•t . Constit¥tlo The company is registerd as a ¢harithble ¢ompany lirnid by #TnIce and •s incorpored OD 12 February 2018. On 8 October ?018 li was reoistered as a ¢hariry with the Charity Commission. Irgiered charity number 1180228. Method5 of AppoiTh¢Meth¢ or eleelioA of Trnstrts The managerncnt of the panY is the respinsibility ofthe T1$ wlw) are eleci¢d and Cwed under the Company's Articles of Asso¢iation. P88e 3
MESSENGER OF SAY AlONy UK IA Coptsy Limited by Grate) TRusfEES' REPORT (CONTINUED) FOR THE YEAR Ei%DEDJI DECEMBER2025 Strnrturt. %over•nce and mnxtemeat (eoniithued t. OwThisiioal $trutl¥re And deti¥ioMukiy politie5 The C¢py.$ sole member is ProvÉn¢ia ltsliana di Sant. Antonio di Padova dei Frati Minori Conveniuall. l-Pisap FMC") an ¢¢¢lesiasii¢al ganisatIon re8isiered in Italy artd wlM)5¢ ultirnate comrolling party is lh¢ Holy Stt. visions of Pisap FMC cornpris¢: PmviDCia ltsliam di San Antonio di Padova dei Frail Minori Conventuali. Acco8lLtnza PelleLTriiii. {"Pi5ap Accoglienza Pcllc8rini'l: Messaggero di Sani"Ani(mio Editritt l-Messa8gero Ediwice'l an Italian regiM¢r¢d e¢cl¢siasti¢al publishing house licell¢¢d to cany on commercial ¥tiviti¢& Caritas Sant'Antonio ONLUS l-CaTitas"l an Italian registered charit). wlw aims are the relief of 9verry in developing ¢(wtrics. Pisap AccoglienzA PellegriAi, Messaggero Edilrice and Caritys ind¢pw)dMily lstered. and independemly regulad, dtYision5 of Pisap FMC and shatt the sam¢ W1$¢5 in Path)v& Italy. The Company is managed by its TruM¢es are lE5pJibI¢ for all thai¢gi¢ decisths and oversee its opernions. Day io day operations are setviced by Messa8gerD Editrice which provides Jrninistrative and publishing services to the Company. The $te¢S are committed to complying wilh be KfdCti¢e arKI have develyd governance policies to ensure complion¢e with eurr¢nt 1¢8al aThJ regulatory frameworks in England albd Wales while promoti118 the Company's core mission. The )li¢ieg comprise.. Ethttl Fwttdraising Policy: En5wes tr4nspamEy. xcountsbility. and alignmeni with MOSA UK's Chrisiian values i fundr#i$ing efforts. Internal FinADCig1 C•lllrols PoJi(y: Estsblishes robust financial safe8wd5. including leIn% fraud pr¢vention. and 5eparaiion of duties. Reserves Policy.. Defines the PUryK)se, mJagunrt and monitlg of reseNes for financial stability •d sustainability. Invests( Policy.. Alhgns ¢ihi¢al investmt straitgie5 with MOSA UK'S rn110n. fo¢using on tr)sparency aTKI risk management. Sfegurdinz Policy". Protects Children. vwlnerabl¢ adul artd all iJKIivith1S involved with MOSA UK asainsi abuse and CoThllict of Interest Poli¢y.' E4tsure5 yaff. and volwJtC¢f5 au in the isi inreMs of the tharity. avoidin8 conflicts. Vol•nteer Pt)liry.' Provide5 gyid3n¢e on remiiimenL sUPW)rt. and rewgniiion of volunteers. fostering in¢ltssivity. Dta ProtettlOD Poli¢y.' Ensures Compliante with General Dath PrDtection Regul10 (GDPR). safeguarding personal d and privacy. Equality. Divtwsity, A Thd ID¢l¥sioA PieY'. Promw equal (vrKrtfvnitiC5 and ilUSIvity while preventing discrimination. Fwndr#ising C•mplian¢¢ Policy. Aligns fuDdraising xtivilies with UK laws aJMI th¢ FuThdraisin8 Regulator s Code of Prdctice. E•virottmtwtl Poliry. Ivorp)rn¢s envirorunen(ally resp1b prxtiees in MOSA UK'S operations to minirnize ecological Im1 Fu#d$ held Is cu5todi*Th No funds are cijrreiitly held by the Cofflpany. Page 4
mENGER OF SAI ANThONY UK (A Cop%my Limikd by TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDEDJI DECEMBER 2025 Trustt The INlttS. WI are a150 directors forth¢ pyrp)s¢ of c(¥npany law. ¥J served during the ye& were.. Mario Cont¢ Giorgia Sartori Giancarlo Zomengo Gerard Thomas Mary Hanley Ircsigned 12 November 20251 Liam Patrick Redmond Kite Eli72beth C&stellani FranceKa Faveto Faleoni Dr Praga5h James Kamalathevan Ststemthi ofTrnst£eJ' r¢spo•$ibilities The Trust¢es Iwho are also the dIr¢a of the Compfiny for the of company law) are responsible for preparing ¢he Trnsiees. Rewrt aThJ the financial statements in accordance with applicable law and Uniied Kingdom Accouniirtg Startdards {United Kinsdom GerallY Acwjted A¢¢ow4tin8 Prn¢u"¢¢l. Company law r¢quire$ the TTUStecs to prqwe financial SthtrMts for ea¢h financial year. Under wmpany law. the TTUStees musi noi approve the financial siaiemmts un1¢5s thy are l$fIed that they give a true and fair vicw of thc state of affairs of the Company and of its incomins resources and applicalion of rewuw, Including its nrn¢ and eXpend1Th. for tha( peri(Ml. In preparin8 these financial SementS. the Trusttts art reqwred . s¢le¢i suithble ac¢ourttsn8 policies and then apply them ¢on5tswiily; obserye the methods and principles of the Chariiies SORP (FRS 1021: make judgrtnts and xeounting esiimas are reasotlable and prudeni. sth¢e whrth¢T applicable UK Accounting Stsndards (FRS 102) have been followed. subject to any material departures disclosed and eyplained in the financial Sernents: pr¢pare the financial sfaternents on the going basis e$S il is inappmwhlte to presume that the Cornpany will coniinue in business. The Trustees are r¢5ponsible for Keeping adequate a¢ctyJntin8 recLY& thai are 5ufficieni io show and explain the Company's transactions and disclose with redHble xcuracy * any lime the financial Jy)siiiort of ihe Cornpany and enable them to ensure Ihai the fittanciil Slements comply with the corn1¢$ Ad 2006. They are a150 re5p)nsible for safeguarding the assets of the Comp3ny aTrJ h•)ce for tak'ing re•son#ble stw for the pffvent>)n and deteciion of fraud ond oiher irr¢guiaritics. Apprnved by order of ihe membcws of th¢ bo3 of TThMees on 17 April 2026 and 5i8ned on the behalf by." arlo Z*menyJ i¢el IT Page S
MLqSENCER OF SAIKf Al10Ny UK (A CompDy Lited by G•anDttt) INDEPEYDENT EXAMINER'S REPORT FOR THE Tr'EAR ENDED31 DECEMBER2025 IDdtpEndeTrt ExmiTrer'$ ti¢port ¢• tbe TrnM¢es •( Messewr tsfsainl AnthoY VK {'tkt Compny'l I report to the Truttees (bn my examiNaiion of th¢ xcounts ofthe Company for the year ended 31 De¢ember ?025. RespJthsibili¢i¢g •nd B¥sis •f Report As ihe Tn(Ce$ of the Company land its directhts for the pwposes of compw lawl you aTe responsible for the preparation of the accounts in accordance with th¢ Yequirnents of the Companies Act 2(N)6 I'the 2 Acl'l. Having sati5fLed myself that the accowlts of the ¢ompany t Th)t required io be audited under Part 16 of th¢ 2006 Ac¢ and ar¢ ¢ligibl¢ for independent examinalion based on i¢ of more than £25.0(• but Ic55 than £l.000.000 and gross wets of less than £3.260.000: I rqx)rt in restttt of my examinaiion of the COTnpany's accounls &qrried oui under s¢¢tion 145 of ihe Chariiies Act 2011 Ilhe 2011 Arfl. In ¢arryirt8 out my examination I have followed the Directions given by the Charity Commission under stttion 14515Xbl of the 2011 Aa. Sin¢e the Company's gross iN¢ornc excceded £250.0(1 Y examiner must be a member of a Y listed irt section 145 of the ?01 l Act. I wnfjnn that l am qualified to Wertake th¢ examination be¢atys¢ l am a mcmber of ICAEW. which is one of the lisied bodies. I have CLNhpleted my examination. I confim) matters have come to my attention in Connection with the examination giving me cause to believ¢.' a¢couAting rdS We noi kept in ryt of the Cthnpany as required by 5ectwJn 386 of th¢ 21NJ6 Acr: or the accounts do not accord wilh those record&" or th¢ accoun do Comply with the xcowiting Tequifements of section i96 of the 2006 Act other than any requirement that the a¢counrs give a and fairf view which is not a maller considered as pan of an independent exarnination: or the ac¢owiiS have Thjt been prepated in a¢¢ordance with the and principles of the Siernent of Re¢omm¢nded Practice for accouniing and rep)rting by chariiic5. I have no concerns and hav¢ rome arn5 other mallet5 in ccthn¢fflion with the examirtion to which attentloll Should be drawn in this reFX)rt En order io enable a proper urKlerstanding of th¢ ¥¢ounts to be rea¢hrd. ThES r¢FK>rt 15 made solely to the C(npany's as a b(wJy. in accordance with Pan 4 of the Chariiies IAc¢ounis and Rep)rtsl Re8ulaiions ?OOX. My has been undertaken so th I might swe ihe Company's TnTte$ ihose mattcrs l arn r¢quired to state them in an Independeni Examinerfs Rew)rt and for no other purw)se. To the fu11¢5t Eitent pem?itted by law. l th) not or assum¢ restx)nsibility io anYe other than the Company and the Company's Tru5es as a ix)dy. for my work or for ihis pOrt. Si8n¢d= Dakd.. 28 April 2026 Steve Robinson FCA {Senr Swuiory" AudirI Mercer & Hole LLP J Lombard Stred, London. ECJV 9AA Pagc 6
ME&SENGER OF SAINf AiYfHONY UK (A L4Thted by Guramtet) tATEMENT OF FINANCIAL A1VITIEs (1CoRPORATING IYCOME AND EXPEiYDITURE ACCOUNTI FOR THE I'EAR EliDED31 DECEMBER2•2S IJDreJtrirted ds R¢llrirfed futhds 2025 2025 Total ds 2025 Total funds 2024 from: Donaiions and lesa¢i¢s Investment ltt¢ome 524854 761 524.854 4.761 904.487 Total ltteomt 529hlS S29.615 9)4.487 Expenditwre on: Charitsble actLVities 824 ?4.410 412J24 7UI i90,873 79.107 Governance e05ts Totsl txpeThditurt 483334 487234 469.980 Net m•veADen¢ kn fnd5 46J81 (4.000 42J81 4J4.507 Reconcilili(fvTh fyf fvds: Total funds brought fonvard movement in fvnds 4yI• 14JO•) 575.907 434.507 46J81 4U81 Total funds urried forw*rd 1.•52.795 1,052.795 .010.414 All inrome and derive from col1n8 aciiviiies. The Statemeni of Finan¢ia] Auiviti¢S iTKludr5 all Jins aThd h)sses rewgni5d in the year. The Statem¢ni of Finartcial Activities also complies wilh the rtquircmcnts foran 1ftLe and expendrture a¢¢ouni urtderthe Companies Aci 2006. The notes on pases 9 to 16 forn? of these fKial ststements.
MESSENGER OF sAIr AwfHONY UK (A C•mp•ny Llmlttd by GuraDtee) REGIStERED NUMBER: 11201241 BALAliCE SHEET AS AT 31 DECEMBER 2025 2•25 2024 Currnt 4ssets Debtors Cash at bank and in har 27,927 IJ95J82 ?6.036 ,018.816 1.123J09 1.044.852 Creditors.. amounis fallin8 due within IMyc8r (71 J14} {34.438) N¢t current #ssrfs 1.•52.795 .010.414 Total assets kss £wrr¢n¢ liabiliiies 1,052,795 .010,414 Tot1 net aysets 1,052.795 1.010,414 Charity funds Restricted funds 4.000 1.006.414 Unrc51ri¢t¢d fund$ Im75 Total fuds .052.795 .010.414 The Company Wds entitled to exempiion from a111 under s¢ctTron 477 of ihe Companie5 Act ?1)06. The memb¢r5 have noi r¢quir¢d th¢ company obiaJ"n an audit for the year in question in accordance with seuion 476 of Companies Aci ?1)06. The Tnjstecs ackrtowledge th•r rwonsibiliries for ensuring lha¢ the dwity keeps xcouming r¢cords which comply with scction 386 of the Aci and for preparing financiaj statements which wve a In and fair vimw of ihe state of affairs of rhe company as the the end of the fiThanciaJ year and its IOMin& resources and appli¢aiion Lif rcsources. including its income and eXndIture. for the financial year in a¢¢t)rdae with the requiYtmet)ts of srftions 394 and 395 and which otherwis¢ omply wilh the requirements of the Companie5 Act 2006 reling to finan¢ial Stsiements. so far as applicable the ¢ompany. The financial 5taternents hav¢ been prepared in &cordance with the provisions applicable to ¢niiiies 5ubJeci ihe Small COMPleS re8Lm¢. The financial statemcnts were aprd and authorised foT issue by the Trnsiees on 17 April 2026 and Signed on their behalf GSanearlo Zxmeng (Twsittl The rtotes on pages 9 16 form part of the5¢ financial ststrments. Page 8
MFSSENGER OFSAINT AYThONY UK (A Liwited by Gw•ru¢¢¢) NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR EYDED 31 DECEMBER 2025 Ace•¥TrtiAg PDlifies 1.] B$i5 of prepantion ol fthndl slatemeDts The fInal41 staremerfs hav¢ been prepared in accordanc¢ with ihe Ch¥itLes SORP IFRS I O?) - Accounting and RenIn8 by Charitie5: Swemeni of Recomm¢nd¢d Tra¢¢i¢e appli¢ablc to chariiie5 preparin8 iheir accounts in accordance wilh ihe FitWLcial Rq>orting Sthndard applicable in th¢ UK and Republic of Irel¥nd IFRS 10?) leffective l Jvary ?0191. the Financial Rep)rting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl ?1. Messenger of Saint Anlkny UK meets the definithxb of a public Fnefrt entity w)der FRS 102. Assets and liabilities are initi81ty re¢ognised at hi5toriral cost or tronsaciion value leSS oihenvise stated in the Televani accountin% l1¢y. The tharity ha5 tak.en advJnts8e of the provisions in the SORP for chariii¢s applying FRS 102 Update Bulletin I noi io prepare a stemen[ of Cash Flows. The finala1 sements are preped in sterling. whÉch is a functional CUrreY of the charity. )netary amounts in these financial statemenr5 are rounded the nearest £1. The fmanciai statements have been prepared tht hi5tori¢81 cost convention. The principal accounting poILCLe5 pted as 5¢L oui bejow. 1.2 The Company 1$ a Company limitrd by guar4nt¢c. Th¢ 50k member of the Compw is Provincia ltsliana di Sani" Antonio di P#dova dei Frati Minon Convents#l•. In the eveni of th¢ Company being wouThJ up. the liability in resp¢ci of the guardmee is limid ¢0 £1. IJ Goi•t eolleern At the time of approvin8 the financial the trusttts have a reasonable expecl0ft ihat the C¢mpany has adequate reS[c£S Contin ID optralional exiMen¢¢ for the foreseeable future. Thus the trusiees linuc to adLWi the going basis of xcouniin8 Ln prerparing ihr finwbcial s(aterneni$. P4e9
MWENGER OF SAI AlONy UK (A C•mp•y L4mited by CDarnte¢) NOTES TO THE FINANCIAL srATEmETS FOR THE I'EAR EliDED31 DECEMBER 2025 Actounting polieies (Condued) 1.4 IA¢ome All income is rttoghised 0¢ the cpanY has entiUecl to the incom¢. it Is probable thai the I)me will be ttteived and the amouni of inwme re£eivable can k measured lIablY. For legacies. entiilement is tsktn Is the ethiLY of the date on whi¢h ¢ither. the Comyany is aware thai probate has been 8fdnte& th¢ eswe has been finalised and ThxlfjIOn ha5 been made by ¢he executorfsl to the Trust that a distriblrtion will be made. or when a disuibuiioti is received from the es¢. Receipt of a l¢gw, in whole or in parL is only considtred probabk wllen the nowii be measured rcliably and ihe Company ha5 been rv)iified of the cxecutorfs inieniion to make a distribution. Where leg1¢5 have been notifd to the Company. or the CLKnpany is awar¢ ofthe granting of proba, and the Criteria for income r¢cogniiion have TWJI been md. Ihen thc le8acy is treed as a rontin8eni assd and dixh)s¢d if material. Ck)nated seryices or facilities are rewised the Compxry has Control over the iiem. ry condiiions associated wilh the donaied iiem have been meL the ¢t1p1 of econ¢xni¢ b¢n¢fit from the use of the ci)mpany of the item is probable atld e£onomi¢ benefit can be rnll[ed ¢liably. On re¢eipi. donated professional S¢nfi¢es and thnated facilities •re enISed on the basis of the value of the gift kn the company which is the nount the c(Mnparty would have been willin$ io pay io obtain scryices or faciliiies of equivakni econornic trthefi¢ on the open markei: a C(yrespcdlThg amount is then recognised irt expendirt in Ihe period of receipL Incorne tax recoverable in relation to donions re¢¢iv¢d under Gifi Aid or 4Je¢& of ¢owenant is Io81$¢d at the ume of the donion. IOme i&x recoverable in T¢lion to inveslrnurt inconK is tecowhised at the titne the invcstmenl uKom¢ is rtteivablt. 1.5 ExpeAdits Expenditure is recognised once there is a legal or construaive obligion io transfer economic benefii a third party. li is prtsbable that a transfer of etoTh)mi¢ bencfiis wll be required in s¢ttlement and the of ihc obligatirrfh Can be measured relithly. EKdilUre is classified by activity. The cost5 of ea¢h aaivity are ffle up of the l¢x81 of diT¢ft ¢05ts artd shaRd tosts. includin& supwi ¢0Sts involved in undertaking each a¢tiYity. Dircct costs attributable to a single xiivity ¥e alknaied directly that xtivity. Shard ¢05ts which ¢ontr>bute to nK>re that) one activity and supp(rf sts 4thich 8r¢ noi attyibutsble to a single Xijvity are gpportion¢d bdween those actlVlli¢s on a basis consisteni with the usc of resourees. Central s¢aff costs are alloced on the basis of iirne spenL and depreciation charges a]located th¢ Wlon of the assct'5 use. Govemance costs arr those incurred in wnnedion with Jminisiration of the company and compliance with ¢onstLtutiI aThl siaiutory requirernents. Chariiable &iivities and G)ven)antt Costs are costs IKwred on the )Mpany$ operations, including support costs and costs reiing io the 8overnan¢e of the ¢ompany apixKtioned charit•ble iiviii¢s. 1.6 Dtbtors Trade and other debtors are rewi5cd at the s¢ftlemeni amount aftcr any trJe discount offtred. Prepaymenrs are valued ai the amount prepaid olany dixounts due. Pzge 10
ME&SENGER OF SAVI AHONy UK (A C•vapy Ulkd by Gurxnte¢) NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR ENDEDJI DECEMBER 2025 Ate0¥ting poli¢i¢s (¢onfinued) 1.7 Csh ai id ID Cash at bank" and in hand includes cash and slKJrt tenn highly liquid irtyesiments with a short Inaturity of three months or less from the date of acqui51tion or opening of the depD5It or similar a¢¢ount 1.8 iibilitits and proisi•Ths Liabilities are rewgnised when there is gn obligation at the BalatKe Shed de as a result of a p&st event. it is probabl¢ ihai a transfer of economic benefil will be required in 5¢ttkmenL and the amount of the settlem¢ni can be estimated reliably. Liabiliiie$ art recognised the nount the crrnpany anti¢iNes it will pay to settle the debi or the amount it has received &$ advanced p8ym¢nts foT the gr or services it must provide. Provisions are rnured at the best estimate of the amowits required io settle the obligation. Where the effect of the time valu¢ of money is material. the provision is ba5d on the rrfesent value of ilKse amounts. discounted at the pre•tsX discouN rdtc that reflects thr risks Specific to th¢ liability. The unwinding of the discouni is Teco8nis¢d wiihiD iThlcrcst payable and similar ¢lw A.9 FuTrd General ar¢ uw¢strid¢d fiuth which avail4ble f(Y Use at the discretion of th¢ Tru5tee5 in furtheranc¢ of the 8enerni objectives of the Complny and which have been desigrtated for other PUrse5. RlTIcI¢d funds are 5ubje¢i specific ¢OrtditioLs by doThys as 10 IKIW tY m#y be used. The purposes and uses of the restrieted funds Jre sd thc nL4es the fin8n¢ial smemertts. DMati•ns od leg#¢Y5 U•r¢stri¢ted Total fund5 2025 To] fut)ds ?024 2025 Legxies Donations 42.095 482.759 42.(J95 482.7S9 435.803 468.684 524.854 (X14.487
MFSSENGER OF SAI ANThONY UK (A COmnY Limited by Gurnttt) NOTES TO THE FINAYCIAL STATEMEiYrs FOR THE I'EAR Eh'DED31 DECEMBER 2025 Investnnts Unre5trirt Tot#1 fwnd$ 2025 Totsl fun 2024 2025 Investm¢nl $Dme 4.761 4.761 ATrtysis of xpeThdityre by #divities Chrifblt G•YeTpNce txpenditure 2025 Tot1 runds Tal funds 2024 2•25 ExpenditUTe 412.124 74.410 4872J4 469.980 Anlyskg •( dirtrt e•sts Totsl f•nd5 Totsl funds 2024 2025 Printing and publiralions Promotional e¥prn%s Di5tribulion costs 58.200 5.403 40,270 287.(N)O 41.947 312J Grants 412*24 390.87) C¢rtn costs in relation to the pro¢hKtion of the Comwy's mnthly maga7ine were classifitd Jn prior years as governance eosrs. The5c have now be¢n c]lfied as charitablc costs. Accordingly. the prTror year comparatives hav¢ ken amertded. This has not changed the Total fill the Movement in funds for ihe year ended 31 De¢ember 2024. Pag¢ 12
MFSSEJ¥GER OF SAI ANTHONY UK (A C•mpay Uknited by GuraDtu) NOTES TO THE FINANCIAL STATEMEhTS FOR THE I'EAR ENDED31 DECEMBER 2025 AThaly5is of by rtiviti¢s (c•Mtinwtd) Analysis of $upport t$ Trfl funds 2•25 Total funds 2024 Le8al and professional ftts Independeni revktw fees Administrative expenses 57.482 6J(Kl 65.820 6.300 6.987 74AI• 79.107 Certain costs in relation io the prc4luction of th¢ Company5 nthlY maga7ine were classified in prior years as ovemance colls. These have been clssifd as rharitsble Co$. .4ccordingly. Ihe prior year ¢ompardtives have been amcDd¢(L This has changed the TO the Movemeni irt funds foF the year ended 31 December ?0?4. TruMees' remuner•¢ exptnse5 During ihe year. no Trustees received any remunernion or other benefits12024- £NILI. During the yw ¢nded 31 December •025. no Trust¢¢ have incurred i?024_ £NILI. Stalfcosts There were no employees durÈng the year. IkbtOTS 21125 2024 Due Vlithin otse yr Gift Aid Tax recoverable 27.927 26,036 27.927 26.Oi6
ME&SENGER OF SAI AmlONY UK (A COnY Lknit¢d by GvaNttt) NOTES TO THE FIIY.4NCIAL STATEMENTS FOR THE YEAR Ei%DED31 DECEMBER 2025 Credit•rs: flliTrK due withio y 2025 2024 Trade creditors Grat)t$ payable A¢¢rnals 10,138 30.•0• 3OJ76 7.969 ?6,469 71.014 34,438 Stt¢meni t)f fuAds Sts¢¢memt •f fwids- c•rrent year B#l#n¢t xt 31 Bala1 #t I Jllury 2•25 lp¢o)e EApenditur¢ 21125 IlthreMrieled f•nds Generdl FluS- all funds 1.1)06.414 529hlS (4832341 1.052.795 Restricted ndS Restricid Fund5- all funds (4.) T•tal of fwids (4872341 I52.794 The resiri¢*d fvnds relates to buildiThg IN)U5es in Sri LaDk Page 14
mSENGER OF SAI ANfNoNY UK {A Coryny Liltsd by Cllrx•¢¢e} NOTES TO THE FINANCIAL STATEMENTS FOR THE I EAR £YD£D 31 DECEMBER 2•25 StteJneni of fvnds {tamtinwed Stitment of fwnds- priDryear Balance at 31 tkccmbcr Balantt l January 2024 Inc[ Expenditure Transfers iThout I,'nreMrirted fvnd5 General Fund5- all funds 567,671 904.487 1469.98Ql 4,236 1,006.414 R¢siii¢ted fvrtds R¢striaed Funds- all fund5 8236 14.236) 4.000 Totil of fwnds 575.907 4.487 1469.9801 .010.414 The restricted funds tclat¢s to buildin8 in Sri Lank AAafy5is of n¢¢ •55ds betweell Aty$1$ ofnet *Mets betwoen f¥•ds- eurrent yur Vnre5trirttd Iwnds Totsl fuD 2•25 CuTrenl &ssets 1.123.809 171.0141 1.123.809 (71.1114) Credirors due within one year 1.052.795 I,D52.795 Page 15
MESSENGER OF SAINT ANTHO]¥Y UK (A Llikd by Gurnnlee) NOTES TO THE FIN.4NCIAL STATEMEYTS FOR THE YEAR ENDED31 DECEMBER2025 10. Alysis of lei Assets beh¥eew (¢fj4tinued) All¥15 of net assets be£¢0 hds- prior yer Unrestricted funds ?024 Restricted fund5 ?024 Total funds 2024 Curreni assets CrediiOWS due within on¢ ye4r 1.040.85? {14.4381 4.000 1.044.852 134.438) Tot•1 1.006.414 4.0(4) 1.010.414 Relaitd PArty trttMdioms As described in the Trust5 ReFlrt in the sc¢tion trUL1re. 8oveman¢¢ aThJ management c. Organisational smi¢ture a1 decisM)n-making policies- the C¢Jrnpany'$ sole member is Pisap FMC whose ind¢wdently Tegulated divLSl¢)n5 comprise Pisap Accoglienza Pellryrini. MeSggerie Ediirice and Caritas. Tran5aclions and balances between these parties r tsbled below. 2025 2024 TrandiONs. Granis io h.sap Ac¢ogli¢nza Pelle8rini Granis io overstss ben¢ficteries distyibutd via Caritss Grants to Pisap Op¢re.4nioniaTre dIStribed wta Messa88ero Editrice Charges for 5ervi¢es provided by M¢s5a88ero Editrice 60.00• 172. 31),000 1•0.523 So.0 167.000 IO).872 B#l*n¢¢s •t 31 Decernbtr: Due to Messaggero Editrice 21J26 15.457 Page 16