RADIO MARIA ENGLAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JLfNE 2025 CONTENTS AND CHARITY fNFORMATION coNrENTS: PAGE: Reference and Adrninist(ative Details of the Charity. its Trustees and Adyisert Trustees. Report 2-12 'IndependeDt Examin¢Vs Report 13 Statement of FiDancial Adivities 14 Balauce Sheet 15 Stateme￿1 of C&sh Flows 16 Note5 to the FirLancial Ststements 17-24 IiADIO MAIUA ENGLAND PAGE I FINANCIAL STATE￿IE￿rs FOR THE YEAR ENDED 30TH JUNE 2025 REFERENCE AND ADhltNISTRATIVE DETAtL8 OF THE CHARrrY. 113 TRUSTEES AND ADVISERS TRUSTEES.. A D Oyeniran PAJThornas Dr K N Sinwarayer N D ParkeT I Paolucci (Chair) C1£4RJTY REGISTERED NUMBEIL. 1183783 PR￿C￿AL OFFICE.. 2 Signet Court Cambridge CB5 8LA INDEPENDENT EXAMINEIL. lan W Shipley FCCA For aDd behalf of: Prentis & Co LLP 115c MtltOD Road CaTDbTidge CB4 IXE BANKERS: CAF Bank I Kiug5 Hill West Malling ME19 4TA RADIQ MARIA ENf,LAND RADIO MARIA ENGLAND PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT The Trustees PTesent their annual report together with th¢ financial statements of Radio Maria England (the haritsble in¢orporated organisation (lhe CIO,)) for the year 1st July 2024 to 30th June 2025. The Trustees confimi that the report and financial statements of th¢ CIO comply with the current ststutory requirements, the requirements of the CIO'5 goveTnsn¥ doLument and the provisions of the Statelnent of Recomtnended Practice ISORP), applicable to chaTlties preparing their accuunts in aLLUTdi￿Ce with the Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland {FRS 102) [￿ecOnd editiun of the Charities SORP (FRS 1021 O¢tobeT 2019, effectiv¢ 1st January 2019). OWECTIVES AND ACTIVITIES Radio Maria England Annual Report 202¥2025 Radio Maria England is registered with the Ch2Tity CoTnrnission for England and Wales as a Charitable Incorporated OTganisation. with Registered Charity Number 1183783. The aim of Radio Maria England is to advance the Catholic Faith in England, and promote the evgngelical Message of Joy Hope, aceording to the tedching of the rnagi5terium of the Catholic Church, within a rich Marian spirituality. The founding purpose and aims of Radio Maria England are therefoTe social and philanthropic. As in previous year5, on a regular basis, Radio Maria England receives letters and messages of gratitude and support frotn listeners acro55 the county and beyond, as shown below.. 'ThÉ one amazing thing l know aboui Radio Maria i.v ihal you are a voicefor all ¢hal is ￿oble good in ihis world Thunks aguinfur bel￿g￿lIGh a ble55ingfor our country andourfuilh" "Thankyoufor ike many greai & smullprojecls you've had us all wilnessed/ExpEriEnced Éhru Radio Maria. The WUTld needsyoN. "FViJhingyou lois gf happi￿8$S andpeace iodoy and ulw(tys, ure dving u greut job wilh ihe guidance of our Heavenly Moiher." "Oh. J lookedup your work ai Radiu Muriu und L¢Jme awssyuur Conversion story. How (Tudworkn. in mysleriuus }V￿s￿ l am relurnin¥ lo church and in u difficuli procESS of IEarning aboui ihe Catholic Church. Bul now il ES Iwning oul Its b¥ upporiunity io muiure myfuiih and devpen my exp/uruiiUll l um Ju grutefvl iu huve cume across ihE AwGkening3 series al thispoint in pnYjt￿rnry. The sixth year of Radio Maria England (July 2024 June 2025) has been chardcierised by organi5ational consolidation and sustainable &yrowth, following the re5trucNring and reorganisation undertaken in the previous year. The London studio has now become the central hub of oper¢ltions, while the Cambridge studio has relocated to a new site, ¢ontinlling to play a vital role in serving the Cambridgeshire and East Anglia regions. In line with previous commitments, the World Family has provided continued supportthmu¥hout the financial year, in accordance with the approved budget. This has inclllded both te¢hni¢al and operational a5SiStance to enhance the London studio and to establish the new Cambrid¥e lacility. As at 30 June 2025, the CaTnbridge studio is in the final 5tage5 of its 5¢tup, with completion anticipated in the fourth qUI￿er of 2025. Website.. htt radiomariaen land.uk Radio Maria England, Lincoln House, The Paddocks Business Cenire Cherry Hinton Road, CAMBRIDGE, CBI SDH Radio Maria England 15 reÈi5teTed 35 a Charitable IDcorpDrated Org3ni53bon with the Charit¥Commission foi England and Wale5. Reg151ered Charity Nurnber 1183783 RADIQ MARIA EMGLANO RADIO MARIA ENGLAND PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT The Trustees have reviewed the objeLtives and acElVlties of the CIO and are satisfied that they continue to be in accordance with the Charity Commission's guidelines on public benefit. Financial year 2024-2025 Throughout the year, local donations have remained strong, enabling Radio Maria England to meet it5 overall fundTaEsing target. -Ihe year-end balance stood at over £145.000 (stable compared with th¢ previous year), with a total income of £561,163. The need for financial sUPPOrt from the World Family has decreased, with its cgntribution reduced from 600/¢ of total income in the previous year io less than 50/0. This positive shift has been achieved through an increase in local donations and a sUStainabl¢ reduction in operational cgsts. The trend reflects the organisation's growing financial resilience and Cdpacity io ¥eneraie income locally, thereby reducing reliance on external support. Operational expendi￿re remained within budget, 5UPPOrting the continued expansion of broadcasting activities and the wider promotion of Radio Maria England across the county. The anticipated one-off costs asso¢iated with establishing the new Cambridge Studio were also 5ucce55fully managed without compromising the organisation's overall fsnancial stability. Local giving continues to b¢ driven prirnarily by major private donoTS, though there has been a steady growth in the numbeT of Tegular contributors, building on the momentum of the"200 Stars- campaign laun¢hed in the previous financial year. This development indicates a strengthening base of cornmitted supporters and greater community engagement in the Tmission of Radio Maria En¥land. The overall nu]nber of donors, together with the total volume and frequency of contributions. has continued to gTOW, albeit at a slower pace than in the previous year. Th¢ target of achieving a r¢gular Tnonthly incolne of £15,000 has not yet been rnet and retnains a priority for the forthcoming financial year. Organisation and Staff Following the reorganisation and refocusing of activities around the new hub oifice in London in the pr¢vious year. no major organisational change5 have OCCUTred during the current financial year. Leadership Team Priest Director: Fr Toby Lees, OP, was appointed to start in July 2022 on a 3-yeaT contraci continues as Priest Director, his contra¢t expir¢d in June 2025 and has been renewed. Operations Coordinator.. Mr Pierre Petrou. was appointed at the end of January 2023 and continued in this position as of June 2025. Editorial Staff: Ms Elizabeth O'malley was appoint¢d a5 Editorial and Programming Manager in January 2024 and coniinued in this posltion as of Junc 2025 Mr Tim Hutchin50n was appointed as Editorial Content Assistant in January 2024 and continued to serve in this role with dedication. He announced his intention to step down in Summer 2025 to pursue a vocation with the Dominican Order. A replacement has been appointed following his departure. Website.. htt radiornariaen IBnd.uk Radio Maria England, Lincoln House, The Paddocks Business Centre Cherry Hinton Road, CAMBRIDGE, CBI 8DH Radio Maria England is ¢8lStered as a Ch3ritable Incorporated OiganiS3tr0n wlth the Charity Commission lor England and Wales. Registered Charity Number 1183783. RADIQ. MARIA ENGLAND RADIO MARIA ENGLAND PAGE 4 FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, RE"PORT Fundraising. Prornotion & Events Staff: Mrs Helena Judd was appointed as Fundraising, Promotion & Events Manager in January 2024 and continued in this position as of June 2025. The tedm has been strengthened with a new position from the beginning of the 2025-2026 financial year to replaLe Anna Fleischer as Fundraising AsSiStanL whose contract ¢xpired in Q3 2024. The World Family of Radio Maria ha5 5UPPOrted us wilh the training of stsff with regular online meetings. Approxirnately 150 volunteers play a crucial role in sustaining and expandin￿ Radio Maria's mission. They contribute in variou5 ways, from broadcasting the liturgy and leading live prayer with listeners, to researching news and events. promoiing the radio at pBrishe5 and festivals, and supporting administrative and technical operations. Volunteers assist with our mobile studio, website, podcasts, and broadcasting, ensuTing smooth and effectsve progralnming. Digital and IDterNet Coverage Our present digital transmi55ion continues via DAB+ in London. The present contract wilh Switch-Digital will be due for renewal in O¢tober 2025 (an agreernent for the renewal has been reached). Our DAB+ coverage has continued to expand, now reaching Calnbridge, London. Bristol, South Bimiingham. Stockport, Greater Manchester, Norwich. Peterborough, King's Lynn. and Liverpool. By the end of thi5 financial year, SSDAB broadcasting rights for North Birnjingham have a150 been secured, with tTansmission scheduled to be¥in in Q3 2025. This development represents an important step in strengthening our presence across the Midlands. enabling coverage of the annual We Believe Festival and further advancing our mission to evangelise throughout the Unit¢d Kingdom. We are continuing to expand in 2025 to more areas across the county Webslte= htt radiomariaen land.uk Radio Maria England. Lincoln House. The Paddocks Business Centre Cherry Hinton Road, CAMBRIDGE. CBI 8DH Radio Maria England is reeistered as a Charitable Incorporated Oiganisanon with the Charity Commission for England aDd wales. Registered Charity Numbef 1183783. RADIQ. MARIA ENCLAND RADIO MARIA ENGLAND PAGE 5 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT Year highlight5 October 2024 AnDual Mariathon for England Restoring Our Lady's Dowry Moiiday 7th - Wediiesda), 9th Oetober ARIA October 2024 marked a highly successful fundraisin¥ period forRadio Maria England, highlighted by the Mariathon, which delivered exceptional results. A total of over £42,000 wa5 ra15ed, the highest amount ever achieved during a Mariathon for Radio Maria England. This outstanding accomplishment not only 5tTengthens the charsty's financial foundation but also reaifirnis the generosity and commitment of our listeners and supporters. The funds raised have played a vital Tole in Sustaining our broadcasting activitie5, SUPPOrting the development of the new Cambridge studio. and enabling further outreach initiatives. Beyond its financial SULcess, the Mariathon also served as a powerful moment of community engagement and spiritual renewal. uniting volunteers. staff. and listeners in a shared mi55ion to proclailn the 005pel and extend Radio Maria's presence acros5 England. Website.. htt radiomariaen land.uk Radio Maria England. Lincoln House. The Paddocks Business Centre Cherry Hinton Road. CAMBRIDGE. CBI 8DH Radio Maria E￿£18nd is registered 3$ 3 Charitable Incorporated OTgan15aknon with the Charity Commission lor En8land and Wales. Re815tered Charitv Numbe< 1183783. RADIQ NARIA ENGLAND RADIO MARIA ENGLAND PAGE 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT The fifth anniversary of Radio Maria England, the appointment of a new President, participation in worldwide meeting in Italy and the Vatican, and the final '200 Slar5" reunion were 3mong tbe key highlight5 of Q4 2024. We o¢l¢bTat¢d th¢ fifth anniversary of our broadcasting ministy with a series of special events. including a Mass of Thanksgiving, marking a significant milestone for Radio Maria England. The year also the transition of the Presidency from Charles Wilson to Inti Paolucci. The Trustees express their gratitude to Charles for his dedicaied service and welcome Inti as he continues to lead the mission of Radio Maria England into Its next phase. Saw RADI￿ )L4R E¥GL￿D las% ()) 'l'lia iilisgii iiig In truly unique setting, Radio Maria England participated in the World Family Congress held in Italy, where Radio Maria stations from around the globe gathered foT a three-day event of fellowship, reflection. and collaboration. A paTti¢ular highlighi was Fr. Toby Lees being invited to celebrate the concluding Mass at St. Peter's Ba5ili¢a in Rolne, attended by more than 500 participants, marking a moment of great honour and recognition for Radio Maria Englatjd within the worldwide faTnily. Web51te'. htt radiornariaen and.uk Radio Maria England, Lincoln House, The Paddocks Business Centre Cherry Hinton Road, CAMBRIDGE. CBI 8DH Radio Marla En8land is re8lStÈred as a Charitable Incorporated Organisaron wlth the Ch3rii¥CoMmi55ion for En8lalld and Wale5, Regimered Chèrily Numbei 1183783. RADIQ. MARIA INfLAND RADIO MARIA ENGLAND PAGE 7 FINANCIAL STATEMENTS FOR 1'HE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORI. An intitnate final Mass and dinner for the"200 Stars" Campaign were held in Novernber 2024 to express ¥ratilude to ihe donors whose generosity enabled Radio Maria England to transition from a period of restructllring into a new phase of growth and renewal. The 200 Stars donors have remaTrned steadfast in their commitment, continuing 10 SUPPOrt Radio Mdria England throughout 2025. March 2025: Radio Marla at Flame Conference in Wernbley In March 2025, Radio Maria England staff mernbers had the privilege of attending the Flatne Conference at Wembley Arena, the largest Catholic youth athering in the United Kingdom. The event brought together thousands of young people from a¢TOSS lh¢ county foT a day of worship, inspiration. and celebration of faiih. , Flamc 2025, Sneak I'reN iem,!. Th¢ Flalne ConfeTence coverdge served as a vibrant demonstration of our mission to evanBelise through media, bringing the Tnessage of hope and faith to new generations across England. "LdiicsdaN 12 llarch 3:2,fjpm Website.. htt radiornariaen land.uk Radio Maria England. Lincoln House, The Paddocks Business Centre Cherry Hinton Road, CAMBRIDGE, CBI 8DH Ch3rity Number 1183783. RADI(Q. NARIA ENGLAND RADIO MARIA ENGLAND PAGE 8 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30'fH JUNE 2025 TRUSTEES, REPORT An historic year for the c&tholic church: Radio Maria England has broadeasted and accompanied the Church through the Jubilee. the Pupul TraN51tion, and the Joyful Anticipation of New Saints. Yi 2025 has been an unprecedented and historie period for the caiholic Church, marked by severdl momentous events that deeply touched the global Catholic cornmunity. Radio Maria England provided comprehensive coverage throughout this ¢xtrdordinary time, ¢n5uring listeners remained infomied. prayerful. and united in faith. Our broadcasts accompanied the Church and its faithful through the passing of Pope Francis, the election of Pope Leo. the opening of the Jubilee Year, and the joyful anticipation of the canonisation of Blessed Carlo Acutis and Blessed Pier Giorgio FTa5sati. Through live update5, special proLTatnme5, and mornents of pray¢T, Radio Maria England played a vital role in connectin¥ listeners across the nation to the heart of the universal Church, fostering reflection. solidarity, and hope during a time of profouTJd transition and renewal. Many of our Volunteer5 have been travelling to Rome and supported us reporting from ihe Vatican. Webslte.. htt radiomariaen land.u Radio Maria England, Lincolll House, The Paddocks 8usines5 Centre Cherry Hinton Road, CAMBRIDGE, CBI 80H Radio Manè England 15 reEiSterÈd as a Ch3rit3blÈ Intorpor2ted Or8aniSatr¢ll Wlth the Charity Commission for England and wales, Regi5terEd Charity Number 1183783. RADIQ MARIA ENGLAND RADIO MARIA ENGLAND PAGE 9 F￿ANCIAL STA TEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT The C3mbridge'5 new 0￿1¢£ in the Jnaking as of June 2025 As of June 2025. the new Cambridge office and studio were nearing completion, maTking an important milestone in Radio Maria England's growth. The new facilities will provide modern broadcasting spaces and ilnproved technical capaLity, supporting local engagement and regional uutreach. The official InaUgur￿tion took place in Q4 2025, opens a new chapter for Radio Maria England's mission in the East of England. WelJ51te.' htt radlomariaen land.u Radio Maria England. Lincoln House, The Paddock5 Business Centre Cherry Hinton Road. CAMBRIDGE. CBI 8D Radio Maria England is re8lSteYed as a Chèrltable Incorporated Organ15atson with the Charity Commission for England and Wale5. Regimered Charity NumbEr 1183783. RADIQNARIA ENGLAND RADIO MARIA ENGLAND PAGE 10 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT 24 of June 2025: A special Mass from the Leper Chapel in Cambridge In a sacred and historic setttng, Radio Maria England held a special Mass at the Leper Chapel in Cambridge, an extraordinary venue that dales fron] the 12th century and stands as one of the oldest complete buildings in Calnbridge. ID thi5 inSiTnat¢ ¢¢l¢bration, the unique ambience of the chapel, its Nornian architecture. vaulted ceilinxs, and quiet atm05pheie, served to heighten the 5piritllal experience. The Trustees recognise this Mass as a meaningful expression of Radio Maria England's mission.. to bring the Gospel into places of historic faith, to Teach h¢artS throubh tnedia, and to forge a deeper connection between local heiitsge and the national Catholi¢ voice. Financifil impact The donated income for the year totalled just over £284.242. representing a second ¢onsecutive year of ￿oWth compared with ihe previous financial year. Thi5 ¢ontinued improvement reflects the generosity and CQTnmittnent of Radio Maria England's SUPPOrters. Maintaining and further increasing the level of regular donations TeTnains a key priority in the coming years to ensure a stable and sustainable source of r¢CU￿Ing income. Radio Maria England continues to receive support through a grant froTn the World Family of Radio Maria, although this contribution has been Teduced year on year. The organisation remains Corn￿ltted to it5 rnediurn-tenn objective of achieving full financial self-suifieiency within the next three years. Webslte= htt radiomariaen land.uk Radio Maria England, Lincoln House, The Paddocks Business Centie Cherry Hinton Road, CAMBRIDGE, CBI 8DH Radio Maria England 15 registered a5 a Charitable Incoipoiated 0[￿￿153￿0￿ with the ChariiyCornrni5510n for England and Wales. Registered Charity Number 1183783. RADI(Q. )JARIA ENGLAND RADIO MARIA ENGLAND PAGEII FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 TRUSTEES, REPORT Out oin The major areas of expenditure Continue to be Staffing, digital transmission, and premise5. All three areas have seen a moderate reduction in direct costs, driven by a decrease in the overall number of staff mernbers, a reduction in rent for our premises following a favouTable lease negotiation that included a rent grace period. and a decrease in broadLasting c(151s. Overall, operational costs h8ve decTeased year on year, relnaining in line with the approv¢d budgeL thanks to effective cost rnanagement and optimisation measures implemEnted throughout the year. The Trustees have continued to maintain in-house accounting, which has been succe55fully ov¢r5een by the Treasurer, Mr PeteT'I'homas. since July 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Radio Maria England Es a charitable incorporated organisation forn)ed i)n 7th June 2019 and is governed in England and Wdles by a constitution of the same date. Trustees The management of the CIO is the responsibility of the Tru5tee5 who are elected under the terms of the CIO'S constitution. The Trustees are appointed in order to bring ¢xpertise and SPE¢ific skills to the CIO. The Trustee5 during the period were-. A D Oyeniran Dr C B J H Wilson {resigned 14 October 2024) P O Geach (resigned 16 September 2024) Rev S Park (completed hi5 terfft of oifice on 6 June 2025) PA J Thomas Dr K N Singarayer N D Parker I Paolucci Governattce The board of trustees decreased to 5 by the end of the financial year due the resignation of Dr. Charles Wilson and PO Geach. Trustee meetings were held on 31912024, 13111124, 1511125, 1913125, 2815125. 1916125. All meetings were quorate (minimum of 3), the attendance record of trustees is indicated in brackets in the list below. All trustees have been Tnade aware of th¢ Charity Commission new51etter and the Charities Act 2022. Web51te-. htt radiomariaen land.uk Radio Maria England, Lincoln House, The Paddock5 Bu5ines5 Centre Cherry Hinlon Road. CAMBRIDGE, CBI 8DH RadiD Maria England is registered a5 2 Chari¢able IncDrporated Organisatson with the CharityCommi55ion foT England and Wales. Regi#ered Charity Number 1183783. RADIQ MARIA £NtsLAND RADIO MARIA ENGLAND PAGE 12 F]NANCIAL STATEMENTS FOR THE Y&4R ENDED 30Th JUNE2025 TRUSTBEV REPORT As ofthe end of the fis(al yWi the board C{￿1$ts ofthe following 5 b7￿C$ (given h￿e with theirsphere of 8¢ti¥ity)'. Mr. Inti Pwoly¢ci- Chair aDd PwidMt of Radio M4Ti& England (616) Mr Pe￿ Thomas-Tre&8trer1616) Mr DomiDic OYen￿8n- IT le*J {516) Dr Karen SinEarayer- Promoti(ffl London area (516) MrNigel PaTker- Publtc relattot)s Lrmthn 8rea{616) STATEMENT OFTRUSTEL8' RESPONSIBILITIES The TTU5t¢cs a￿ respollsli)le for preparll)g the TN5￿C5. Rqkn aud the fmaTJCi81 stateM￿ts ift &CbOTdao¢e with applicable law and Untted Kingdom Accounting Stanilards {ilnited KingdDm Gen¢ral]y Arxepted Accounting The law applicabl¢ to thariliG8 in ￿gland •MI Wale5 Tequirtsthe Tnts(e¢s to prepwe financial thtements for each finaneiAI year which giv¢ a true and fair view of the state of affairs of the CIO atjd ofits incoming re50urceg and pplicaiion of re50urcu. including the inc￿? 8Dd ex[￿dity[e. for that pulod. In pwsritig these fj]wicial 5thtemeDts, the Iru*es are wuired tsk. l. yelect suitable a¢countinE pJlici¢s and th¢n apply consi5tenlly" 2. observ¢ th¢ pnd prin£ipl&8 of th¢ CIEaTiiie5 SORP (FRS 1021, . make jlldgemehts and accounting eliimatcs thwt are reaxmblc andPT￿n¢ 4. stat¢ whcth¢r appliuble UK Accounting Standwth (FRS 102) hav¢ be¢n ftillow)1 subie£t to any matirial departures disclD5ed alld explained in the fllwicial staiements: 5. preparc th¢ f￿￿rial 5tatanents on the goiDg £￿ern basis unle&8 it is ingpprwate to wesum¢ th* the Tharlty will contlnue in blthw. The Truslees are respmslbk for keepiti% aceoyuting jeewds thot aEE sufficient io show explain thE Ch£tity's tr￿￿]OnS and dtscIose with re&wnabk at any tltt]e the fiDati¢iat Position of the Chority and enable them to ensure that the financi81 wtrments comply with the Ch&itiesAct 2011. the Clwity (Accounts and Reports) Regulations 21￿8 and the provisicffls of the Trust Deed. They are also ￿spOnsI￿1e for Safes￿ard1llg the 89sets of the Charity Jttd h¢Dee tsking reasongble SW foT the prevention and detE￿10n of fraud 8nd oth¢r itre8ulaY5tieg. Approved by order ofthe mernbers of the bosrd ofThLStees and Si8Ded on thearTr￿haJf by: PAJ Thomas 12/1112025 I PaolucGi marf nd.u Radia Maria England. Lincoln IIou5e. Thè Paddock$ 6uyne$5 Centre Cherry Hlnton Road. CAMBRIDGE, CBI 8DH laillo is reg￿tered asa Cbarttsb e IpXOIPOrltÈd the3￿1%3￿￿r.￿t1, thÈ ￿.?￿l¥com￿ls¥oTrfvr End*&4nLI wa￿$, Registered Charltv 1123?83. RADIO MARIA ENGLAND PAGE 13 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3¢fIH JUNE 2025 [NDEPEND￿r EXAMtNER'S REPORT TO THE TRUSTEES OF RADIO MARIA ENGLAND I rep)rt on the fmaDcial Stthments of th¢ Clwity forthe year ¢TthJ 30th June 2025. RESPONSIBILITIES AND BASIS OF REPORT A5 the Trustees of the Charity you 4T¢ fryKKLsibl¢ for tb¢ prepaialion of the accounts in accordance with the requirements of the CharitiG5 Act 2011 Ilbe Ac¢). I report iti respect of my examination of the Char&tys accoullts ¢ErrieA out under 5.145 of the 2011 Act and iu rawing out my exarnination I have followed a]1 the applicable Directions given by the Charity CoDuwsion under s. 145(5Xb) of the 2011 Act. IP4DEPENDENf EXAMINER'S STATEMENT Sinc¢ the Charity5 gross inC0￿C cxceedcd £250:000 your exaThineT ]nust be a member of a body liyted in section 145 of the 2011 Act. I confni that I am qua]ified to undertake the examiwoll beca￿8¢ l am of the Assofji4tioD of Chart¢r¢d Certified AcCoL￿taIlts. I have colnplcted my exami1￿. I confirm that rKJ matters have com¢ to rny attention in wnneclion with the examination giving me cause to believe that in any nwerial respeci.. accounting records were not kept in ￿Spect of the CFthrAty &8 required by s. 130 of tbe A¢t' or the accou￿15 do not accord with th05¢ records" or the accowils do not compty with the applicable requirE[[￿ts ct)DGErniD8 the aDd contcllt of the accounts sct out in the CbaTitie5 (AccouDts aDd R¢Frf)rts) Regulations 2008 other than any requirement that thc a¢￿Unts give a Irue and fai¢ view which is not a matter collsidered &4 Part of tlldepend¢Dt exarnination. I have no ￿nCe￿lS and have c4ime acro￿ no other matters in ¢onne¢tion wilh th¢ ¢xarnination to which atrntion should be drawn ill this report in ordeT ￿ EDabl¢ a proper unde￿athg of the acwunts to be reac]Kd. This report 15 made 501¢ty to the Cbaritys Trustee5. as abody. in acc4Ydance with Part 4 of the Charities (Accou￿ts and Reports) R¢gulations 2008. My WO￿ been 50 1 tDigbt stale to the CbariW5 Th15tees those matters l am required to stste tt) them in ￿ Independent Fuaminees Re￿rt aod for no other purpose. To the fullc5t Extent peTmitted by law, I do not accept or assume reS￿nsIbIlity to anyone other than the Charty aNI the Llwitys Twstecs as body, for my work or for thi5 rep)rt. IAN W SHIPLEY FCCA FOR AND ON BEHAtF OF: PRENTIS & CO LLP CHARTERED ACCOUNTANTS & INDEPENDEhT EXAMtNERS l15c Milton Road Cambridge CB4 IXE J{*￿ rS.,- P4m* r4u RADIO MAR]A ENGLAND PAGE 15 FINANCIAL STATEMENTS FOR THE YFAK ENDED 30TH JUNE 2 BALANCE SHEET Not&% 2025 2024 FI.XED ASSETS Tanwble fixed assets 177.694 210,060 CURRENT ASSETS Debtors Cash at Bank fjnd in hand 10 65,m 145,442 85,967 145,861 231,828 211.234 LIABILITILS CT¢ditOTS: amounts falling due within orÈe y 133,155) (35,628) NET CURRETr￿ ASSETS 178,079 196200 4Q6,860 {io,000) 396,860 TiyfAL ASSETS LESS CL'RRENf LIABVLrrJES Provisions for li8bilitie$ 12 355.773 TOTAL NET ASSETS 355.773 CHARfTY FUNDS: Re5trfcted Flln] Total Funds Unrestricted Total Funds FuDd4 2025 Funds 2024 Sale of editorial products 295 295 ANALYSIS OF KXPENDITURE BY ACTI￿lEs Activities undertaken Support directly costs 2025 2025 Total Funtts 2025 Radio broadcastin8 600.845 4,472 605.317 Activities undcrtaken Support directly costs 2024 Totsl Fut 2024 2024 Radio broadc&stiDg 672.338 4,526 676,864 In 2025 £7,892 (2024.. £29.552) of exFKnditurc wa8 from restrithd fimds. with the balance being met from unrestricted fijnds. IIADIO MARIA ENGLAND PAGE 20 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 NO]ES TO THE FINANCIAL STATEMENTS AfqALYSIS OF EXPENDfiuRE BY A￿]vITI￿s- CODIlD￿ed ANALYSIS OF DIREcf COSTS Totsl Funds Total Funds 2025 2024 Staff costs Project costs DAB and li¢eDcing costs ot5ce attd sbjdio expenses Websile ￿￿]ntenance and computer casts R¥nt G¢nerai rat¢S Telephone IDsufdnce Travel and subsistence B8nk ¢barge$ Depreciation Sundry cxpeDse5 Loss on diswsal of a&sets Donations to World FaTDity Legal and professional fees Lighi alld heat Removal of provision 189,930 229,852 1,987 194.280 213207 17,482 26,060 1,019 2,260 67,678 73,796 4,784 2,175 14,703 10,345 5,706 2,999 2,416 1,152 144 102 97,820 94,477 300 1,220 7,533 4,183 1,947 {io,000) 000,845 13,626 672,338 ANALYSIS OF SUPPORT COSTS Totsl Funds To1a] Funds 2025 2024 Pa5ToII processing costs AecoLmt8nGy fees (govetywtt) 1,308 3,164 943 3,583 4.472 4,526 INDEPENDENT EXAMINER'S REhlUNERATION 2025 2024 Fees payabk to the Chariws Anth￿dent ¢xomin¢r in re4tttof. Independent Examination Accoun￿eY services boDkkeepiDg 2,712 1,700 2,870 1,656 STAFF COSTS 2025 2024 Wag¢s and salari¢5 Social security costs Other peDSiOn Costs 170.974 11,944 7.012 213,450 B,060 8,342 189,930 229,852 Tr av¢rJg¢ llutDbw of persons employed by the Cbarity duringthe year w&$ &$ follows.. AveTage nutnber of etnployee5 2025 No. 2024 No. No employe¢ received rnuneration amounting to more than £60,¢MM) iti either yeaT. PAGE21 FtNANCtAL STATEMENfs FOR THE YEARENDED 30TH JUNE 2025 NOTES TO THE FfNANCIAL STATEMENTS YRUSTEESI REMUNERATION AND EXPEliSES The Charity wnsideTS its kry nwmem personnel to be the Tn￿. The Tn￿te£S give all their titne and expertise without ally forni ofT¢fflunerali¢)n or i)th¢r bellefit in kind. Dwing the year, no expenses were reimbursed to any Trustee (2024.. £Nil). TANGIBLE FIXKD ASSETS Current year leasehold FixtUTes Computer Other fixed PTOPErty alld fitting5 ¢quipuJent assets 2025 Total COST OR VALUATION At 1st July 2024 Addition5 Dispos&ls At 30th June 2025 243.110 61,499 (65,415) 241.214 7.816 1.141 13.154 267,144 .434 531,244 66,074 (65.4151 531,903 8,957 14.588 267,144 DEPRECIATION At 1st Jujy 2024 Charge for the year Eliminated on disposal At 30th June 2025 163,353 57.308 (64.195) 156,466 6.921 1.102 11,989 1.247 138,321 38,163 320,584 97,820 (64.195) 354,209 8,023 13.236 176,484 NET BOOK VALUE At 30th June 2025 84.748 934 ,352 90,660 177,694 TANGIBLE FIXED ASSKTS Prlor year Short.terni le4seF¥)Id Fixttwes Computi¥ Other fixed proputy alld fittiw ¢quipment &85ets 2024 Total COST OR VALUATION At 1st Juty 2023 Disp(Nls At 30th June 2024 243.130 7.816 13,154 274,127 538,227 (6,983) (6,983) 267,144 531,244 243,130 7,816 13,154 DEPRECIATION At 1st July 2023 Charge for the year Elimit￿ted on disyjsal At 30th June 2024 109.622 53.731 5.628 1,293 10.699 1290 100.634 38.163 (476) 138,321 226,583 94,477 (476) 320,584 163.353 6,921 11,989 NET BOOK VALIJE At 30th June 2024 79.777 895 1,165 128,823 210,660 DEFfORS DUE AFTER MORE THAN ONE YEAR Other debtors 2025 2024 25,200 25,200 DUE WITHIN ONE YEAR 29.342 36,450 41.367 19,400 Other debtors 65,792 85,967 RADIO MARtA ENGLAND PAGE 22 FINANCIAL STATEMENES FOR THE YEAR ENDED 30TH JUNE 2025 NOTES TO THB F￿ANCIAL STATED￿ENTs ii. cRED￿01l￿. AMOUNTS FALLThG DUE IVTfHtq ONE YEAR 2025 2024 Trade creditors Othgr taxation and social secirity Other crediiors 24,857 3,574 1,641 3,083 29,900 2,028 618 3,082 33,155 35,628 PROVISIONS Provision for dil8pidatio 2025 2024 At 1st Juty Written off in the year At30thJune 10.000 (10,000) 10.000 10,000 13. STA TEM￿￿1 OF VUNDS Current year UNRESTRICTED FUNDS GENERAL FUNDS General Fund Bal•n¢¢ at 1st Juty 2024 ExF￿nd1tU￿ Transfer Balallce at 30th Jun¢ 2025 389,327 549,401 (5YI,425) (597.425) 341.303 TOTAL UNRESTlUCtED FUNDS 389J27 549.401 341.303 RESTRICTED FUNDS Worldwide MariathoD May 2024 Worldwide Mariatbou May 2025 7.533 (7,533) (359) (7.892) (605J 17) 14.829 14,470 7,533 14.829 14,470 TOTAL FUNDS 396.860 564.230 355,773 Worldwide Mariatbon May 2024. to raise money for the new Radio Maria in Andtha Pradesh, Jndia Worldwide m￿jath0n May 21y25- to rdise money for Radio Maria in Philippines STATEMENT OF FUNDS Prlor year uNRES'r￿CTED FUNDS Balance at 1st July 2023 Ill¢¢)￿¢ Balance &t 31)th June 2024 Expenditure Transfer General Fund 364,￿9 653. (647,312) (647,3 12) 18,654 389,327 TOTAL UNRESTRICTED FUNT)S 364.079 053,￿ 18,654 389 J27 RESTRICTED FUNDS Worldwide.Mariathon 21r22 Dominic's IIalf MaTatho Sci¥llie and Faith Waisingham Pilgrimages Local MaTiathon October 2022 Worldwide Nfariathon May 2023 Give a Radio Radio Maria A￿￿tria (Worldwid¢ Mariathon) 22,586 Worldwide Mariathon May 2024 3J19 50 4,110 33 2.758 147 (3.466) (50) (2.089) (2,021) {33) 1,389 (4,147) (10,160) 3,000 (234) (6,551) (9,170) {13.416) (286) 417 {29,552) {18,654) (676.864) 6.785 7,533 7,533 39,516 16,223 TOTAL FUNDS 403,595 670.129 396,860 PAGB 23 FfNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 NOTES TO THE FfNANCIAL STATEMENTS Worldwryde Mariathon May Z2 - to raise moty forthe World Fall)ily of Radio Marim to SUp￿rtthe Radlo Marias in Fat7t￿ Nazareth. Nigeria and LkniD¢ Dominie's Half MardthoD- to rdise monry for Radio Maria Ell8lattd Science and Faith- to support a pmject Celeb￿l￿g th¢ WO￿ of faithful scientists. aiming to create spaces of engagement around s¢i¢nre and theology Walsingham Pilgrin￿eS- to hold fiJnd% for waIking pi]gT￿nage5 frorn Carnbridge to Walsingh&m orgallised joiully with the Di(K¢5¢ of Fast Anglia'5 Diocescan Youtb Service Local Mariathon October 2022. fulldraisiDg ¢veM for broadwlinglnew devel¢)pments Worldwidc MaTiath¢)n May 2023 - to raise tlloney for the World F8n)ily of Radio Maria to $upportR2dio Maria Nigeria Give a Radio- to help listeneT5 obtain radios and be able to receive Radio Maria Engla1￿, in¢ludillg providing tadios to those in need RadAo Maria Austria Iworldwtde MaTiathon)- money proytded ycifically for South Birmingbarn {Small Scale Digital Broadcasting). for iyjr London Studio and to part fund the purchase of radios Worldwido Mariathon May 2024- to Taise money for the new R2dio Maria ill Andbra Pr&Jesty Jndia 14. ANALYSIS OF NET A&SETS BETWEEN FUNDS Unr¢strirt¢d Restricted Total Funds Funds Funds 2025 Cllrrent year Tall￿￿1e fixed &8sets Current assets Cr¢ditQT5 du¢ within one yeaT TOTAL 177.694 196.764 {33,155) 341.303 177,694 14.470 211.234 (33,1551 355,773 14.470 ANALYSIS OF NET ASSETS BETWEEN FUhl)S Analysis ofn& &￿ets b&ween flln Prior year Unrestricted Restricted Total Funds Funds Funds 2024 Tangible fixed assets Debtors due after ￿1)re than one year Curr¢nl asset5 Creditors due within one year Provisions for liabilities and cbar8es TOTAL 210,660 25,200 199,095 {35,628) {10.000) 389,327 210.660 25,200 206,628 (35,628) (10,000) 396,860 7,533 7.533 RECONCILIAT10Tr4 OF MOVEIIENT IN FUNDS TO 14ET CASH FLOW FROM OPERATIliG AcfiviTIES 2025 2024 N¢1 incom&l{expeDditure) for the year {&$ per StatEllKllt of FitwKial Adiviti¢s) {41,087) (6,735) ADIUSTMENTS FOR.. Dcprcciation cbarges IA)ssilprofit) on dIs￿al of fixed a55ets Diytdends, intcrcsts reDt5 frorn inv¢5tments Decr¢ase/lincrea5e) in ¢kbtors Decrease in creditors (Decrease)/increase in provision NET CASH PROVIDED BY OPERATtNG ACTJvrtJES 97,820 94.477 1220 {4761 (3,067) (1.5381 20,175 3,548 (2,473) (6.0251 {io,000) 62,588 83.251 RADIO MARIA ENGLAND PAGE 24 FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30TH JUNE 2025 NOTES TO THE FINANCIAL STATEMENTS io. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash itihalld 145,442 145,861 TOTAL CASH AND CASH EQUIVAIENTS 145,442 145,861 17. ANALYSIS OF CHANGES IN NET DEBT At 1st July 2024 C89h Flows At 30th Jun¢ 2025 Cash at bank and in hand 145,861 (419) 145,442 (419) 145,442 145,861 18. PENSION COMMIT￿￿[5 The Charity operates a defined colltrl>u¢ions pension scheme. The assets of the scheme held separately from those of the ClJaTity in an independently administered fi￿d. Th¢ pe￿70n cost charge represents contributii)tL8 pwble by the Cfrthrity to the fvDd and amounted to £7,012 {2024: £8,342). At the end of the year there w&5 a ba]aTKX outstan￿ of £1.016 for PEll5iOn Contr1b￿lODS (2024: no b81gnce). 19. OPERATING LEASE COMMITMENTS At 30th June 2025 the Charlty commitinents to make ffijth minimum lease utthr DOll-Gallce]labl¢ operating leases as follows.. 2025 2024 Not later than l year Lat¢r than l year and not laterthan 5 years 52,5(N) 162,786 45,561 108,411 215,286 153,972 Lease payments amowrting to £45,094 (2024: £67.127) have been ttcogDised ￿ an Bxpense in the Statement of FItw￿]aE Activiiies (see also note 5). 20. RELATED PARTY TRANSAcr]o.ys The Charlty hL8 not ¢￿tered into any reportable related party Ir8TJ5a¢tions during tbe year, and there aTe no outsthnding balances to or fro￿ related parthers.