Docusbjn En￿￿pe ID.. 9B693D8Q-104C4CC2-B85D488B80C02D88
Crthpary registered numbor.. 10776281
Charity number: 118405
CALVARIO LIMITED
IA company limStsd by guarantee)
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

rA)r4Jslan ID.. SB693D8r￿10Ic4CC2.B85[￿B8BBeocO2DB8
CALVARIO UMITED
{A ¢ompany Ilmlt•d by guarants•l
CONTENTS
Page
Reférènce and Admlnlstrnllve Inlomiatlon
Dlrectors. Report
Dlr•ctorn' Rèipon6lblllti•s Ststsmont
dO￿ndOnt audltof$ Mport on th• flnanclal $tstsm•nts
9-12
Statem•nt of Fin4n¢i•l A¢tivtlio$
Stat•m•nt of Flnanclal Posltlon
14
Cashfiow Stst•mgnt
15
Notgs to thg Flnanclal Statgmgnts
16-25

D￿U5vJn Envek>pe ID.. 9B693D80-104C4CC2-B85LiB88B8OG02DB6
CALVARIO LIMITED
{A ¢ompany Ilmltsd by guarants•l
REFERENCE AND ADMINI8T14ATIVE INFORMATION
Dlrectors
Joseph O'Reilly. Chairperson
Antonio Belwfo
Peter Mullen
Phillp Salnter
Tom Thomas lappointed 6 January 20251
Christrtpher Fuse ITesigned 6 January 20251
Company regl$tered
numb¢f
10776281
charlty regl$tered
number
118405
Regi¥t•rnd offie•
Si, Marie's
Oak Street
Rugby
CV22 SEL
Company $8crotary
L&P Trustee Sery1￿$ Limited
23 St Stephen'8 Green
Dublin 2
Ireland
D02 PRSO
Ind•p8nd•nt auditor
RBK Audil UK Limited
Chartered Ac¢ountsnt$ Slatulory Audit Firm
Termini
3 Ar￿e Road
Sandyfoid
Dublin 18
Iielan
018 CSC5
Prlnclpal bank•rs
Royal Bank of Scodand
Stephenson Way
Wavertree
Liverpool
L13 1HE
Invè•tm•nt advl*•rn
Barelays
6th Floor
5 Callaghan Squarè
Cardrff
CF10 5BT
Page 1

Do¢w$ign ID.. 9&693D8￿lo4C4CC2-B85￿￿$BB8oCO2￿8
CALVARIO LIMITED
IA company limit•d by ouarant••l
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their report and the audited financial ¥tatements for the year ended 31 December 2024
and confimi that il ¢omplies wth current statutory requirements, and with the requiiements ol the Charrty'$
goveming instrument
INTRODUCTION
CalvarKJ Limited fTht CharfWI was Incorporated on 17 May 2017 and registered 08 a Chanty on 24 June 2019.
Its purpose is to advance the Roman Catholic religion lor the public benefit Ihrough the Soci￿ and Charttable
work cawried on by Ihe Institute ¢1 Charity (Rosminiansl in England and throughout the wotld in accordance with
Ihe mission and charism of Anton￿ Rosmini.
OBJECThIES. AIMS AND ACTIVITIES
Obbgctive$ and Aetiviti•$
The Charty's main objective is 8pecifie8lly unrestricted, so lar 35 the same is legally Charilabl•, to advance the
Chrisian Religion through the support ol the soci31 and Charitable misshJnwy works tarried out by the Institute
of Charlty (Rosminiansl throughout the V￿rtd, in accordance wth Ihe mission and ¢harl$m of the Iwnder
Antonlo Rosmini.
The Charrty ¢arrie$ Out its Charftablé a¢tlvlties through •ducation and training of fvture catholic leaders from
Tanzania. Kenya, Uganda. India. Venezuela, Colombia. Vietnam Iwherever the Insbtute of Charity is a¢tive>,
Ihrough Ihe rdief ol poverty, through various pastoral and social ministries and IhroLtgh assistsnce in those
countries in hme of natural disasters and soaal drfficulties.
Durlng the year the Company made the following donation¥."
EducatOonlFormation- The Charlty dgnated £5,19412023.' £39.7791 to the Institute of Charity lor the educaty'on
and training of fvture leaders.
Durlng the year 2024 th* Charfty transferred £534,362 12023.. £504.7551 to various developing areas of the
Worfthide Congregation Of the Institute of Chartty primarily to provide for the education and training of those
vtho are seeking lo join Ihè Institute ol Charity or arè in the earfy stsges of living theSr religious life in the In8titLrte
of Charity- These students are typicalty from East Africa (Tanzania, Kenya and Ugandal In¢Jia, venezue￿ I
Colombia and V￿tnam. In India and East Africa in particular the Rosminlans are engaged in pastoral artd
developmènt work that is making a po$ilive contribution to the local Communit￿9. EduCa￿.0n is bèing provided
I both prlmary and secgndary level to boys and girls. tty Christians and Muslim5'. mèdical seN¢ces are provided
to men. womèn and children often In dirè need, and the leaders ol th•se pastoral and developrnant wo
projeds are Rosminians who havè avalled of the education and tralning provided for by Calvario Ltd,
Pa9e 2

Oor¥JshJt) En¥ebp8 ID.. 9B893D8￿lo4C4CC2.B8￿B8BB8oCO2DB8
CALVARIO LIMITED
IA cornpany Ilrnlt•d by guaranl••l
DIRECTORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTIVES. AIMS AND ACTMnES l¢ontinutd)
4 new Piiests in E8St AfiK8
FrJo8 ORelty IChaKpetson) wkh new Viftln8mgs9 IOG studgnts
Page 3

Docusion Env¢l)pe ID.. gB693D80-104C4CC2.B85LiB8BB80C02DB8
CALVARIO LIMITED
IA ¢ompany Ilmlt•d by guarants•l
DIRECTORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJE¢TIrfES. AIMS AND A¢ThiillES IMnWnu•dl
Publ1¢ B¢nefft
The Dire¢tors consider that Ihe aclivilies and 8chlevements ¢f the Charfty illustrate that the 8lm8 of the Charity
ar• tarried out for the Pul￿1¢ benefit. The Directors confimi that they have iaken into account the best practice
guidance on public benefit when dedding tht aCtIv￿e8. the Charity vndertake8.
The benefits of the advancement of the Roman Catholic faith and the womotion of tts Chrisban values. through
various Charitable works of thè organi$8bon, are demonslralèd by a genèral mora and social irnprovémènt lli
soaety.
The benefits are further demonBtrated through..
the promsion of funds and personnel towards the irnprovement of the fves of the most vulnerable and
disadvantaged. the healing atKI empowemient ol those suffering from poverty and educational
disadvanlages.
helping Ihose in need is a demonstration of ourfaith, thmugh the provision of missionary and outreach work
in Kenya, Tanzania, Uganda, India and Venezuela %%there the Chaiity supports cornrnunty developrnent,
ygulh and adult ¢du¢ation, intsrfaith ¢gllaboration, e¢ologi¢al awaien¢$$ and tr¥ining in organic faming and
Sustsinable living.
An Institute olchaty Missionary wilh Ih8irpeople. rh8 Gofftpany funds thts mi$sbn4ry work.
Page 4

Oo(w&on Envelope ID.. 9B693D80.104C4CC2.B85(kBeB880CO20B8
CALVARIO LIMITED
{A company Ilmltsd by 9uor4nt••l
DIRECTORS. REPORT ICONTINUEDI
FOR THEYEAR ENDED 31 DECEMBER 2024
OBJECTIVES, AIMS AND ACTWITIES Icontlnuodl
the promotlon of Chrfstian valu•s through pray*r and Spirituality. Beneffts fl¢)w from Ihe v￿untary wrjrk of
mernbers of th? Charity and frorn 8ervice8 they prowde, offerfng Opportuni￿e$ fcf Indivi￿81 and group
prayer, retreats and spiritual guidance. Such a¢livits'es take place at Rosminian Houses at Mwambani Tanga
Tanzania, Ngong Kenya. Porta Latina Rc+me, Venezuela and in varfous parfshes In Tanzania, Kenya, India
and Venezuela.
Caring for members of the Charity to promote their educatlon, heath and we14)eing so that th8y contint
thelr commltment to the purpose$ ol the Charity.
Helping ft) ifflpffjvs th• INès Orothe￿ thffjiigh Duts8aGh 8ducalion support
ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR
J aspeets ol Ihe Charitys work involvè the advancement of rèligion, vthèthèr it is international Charitable work,
education and training or in Ihe field C+1 care wellare of the poor and marginalised.
The Charitable purpose of the Charity includes the foll0v￿ng actimties..
A$sislan¢e in the rel￿f of povety and its Consequences in the areas of mission of the Inslitule of Charity
(Rosminiansl and in areas ef natural disaslers,.
The edueab.on of future leadets in the Instrtute of Ch#TIty.
The assistance of the poor ￿￿Y',
Pastoral arKI soual ministry..
Assislance in the protection of the natural environrrenl through promoting and encouraging publlc
awareness of the importanca of cons8rving land and protacting th8 •nvlronm•nt in al ministrits and
activit￿$ earried out by the Instrtute ol Charrty (Rosminiansl throughout the world,. and
The religious formath'on and Spiritual and t•mpor81 ¢or¢ of member¥ of the Congregation.
Page 5

Ll)oJsvJn E1)Ve￿pe ID.. 9B693D8[￿1O4C4cC2￿aSD¥8BB80cO2DB8
CALVARIO UMITED
IA company Ilrnttod by guarantgel
DIRECTORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCL4L REVIEW
Dumg the year, thè Char5ty rttFI￿d ineome 01 £1,502,992 12023.. £552.3461, con$i$lin9 of inveslmeni ineome
of £37,112 12023.. £34,189) w)d unrestricted donation income of £1,465.880 12023.. £518,157>. Total
èxpèndilure of £664.907 12023.. £645.7461 consisted of èxpènditur¢ on charitable activities and the eost of
raising fijnds. At 31 DeterTi)er 2024 Ihe Charity had fur¥Js of £2.241,952 {2023.- £1,362.4181 all were
unre$tri¢ied.
Roser4es pollcy
The Charity's financial reserves aim to generate a level of income to matth it5 tsrgel for donation5 and cost of
Charitable activities. This approach is intended to ensure Ihat the level of reserves is maintained. In 2024
expenditure on charitable activities tOtal￿d £660.638 12023=£642.4191 which equates to 99% 12023.. 99QAlof
total expendrture in Ihe year. At 31 December 2024 the Charity had tolal funds of £2,241,952 12023..
£1,362.41813l of which are considered to be unrestricted.
The Diredors of the Charity re9ulaty review the amount of funds that the Charity requires to gnsure they are
adequate tts fulfll the Chatltys continuing obligakns.
Post Balaneo Sh••t Ev•nts
There have been no events slnce Ihe year end *l)leh required adjustment to. or dlscbsure in the lknancial
8talement$.
The Directors are satisf*d Ihat they can continue to operate as a 9dng ¢onc8m d•spite Ihe current chalknge8
facing Ihe Charity yector. the wuntry. and the worfd.
STRUCTUR4 GOVERNANCE AND MANAGEMENT
Governing Docwn•nt
Cafvaio Llmited 1$ a Ctrrtpany lrnited by guaantee and not havlng share cap￿1. The Company number Is
10776281. Th• Chaiity is govemed by Its Memorandum and Artides of Association as amended by speclal
fe$oluW'on a¢kno￿edged by the Companles House on 8 September 2022. The Charity is a registered Charity
the UK Charity Commissioner under Charftable number 1184056.
Recruitment and tralnlng of Dlre¢to
In aeeordanee with the Memorandum and ArtFcles of Association, the Dlrecters ale 8ppowiied by the membe
of the Company. The Dire¢tQTS sh￿1 be not1gs$ than 4 and sh?11 not be subfvctto a maxknum.
The Directors during the year, who are also the mer￿e[S ofthe Company, are Shown on page one.
The Directors are ¢hosen on the basis of their willingnes$ to serve. abilty, governancé. experience and support
of the ethos. mission and phrfo8optty of the Charity. Th* Dirndors are well inforn￿d about Ihè Mission,
governing docurnent and history ol the ChaTIty. The Directors are encourageil to attend appropriate external
training cour8e8 and events to facilit?te lh• ￿dertS￿.n9 of their role.
Pa9e 6

En¥eS)p8 ID.. 9B693D81k104C4CC2.B85t￿BBBB6ocO20B8
CALVARIO LIMITED
IA tompany Ilmlted ty guavèntè•l
DIRECTORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT Icontinuedl
CWganl$atlonal StnKture
The Directors are responsible for the policaes. actywbes and assets of the Charity. The affairs of ihe Charty are
managed by the Board of Dire¢tors vtho are aecountsbk to the Members. Th• Board of Directors meet
iegulady to review all aspects of the Chantys activities.
Inv•stment polley
The Charity'$ financial reserves have been pLqeed In lorKJ tem invesiments. the purpose ol thich is to provK4e
investment income to promote the Charitablg objectives ol the Charity and to prowd¢ ¢apit?I gr￿h over th
long temi. A conservative investment strategy has been adopted. Investment income and gains ￿111 be used in
future to fund donattons to further Ihe Charttable objectives of the Chartty.
DSs¢losure of Snfomatlon to audlior
Ea¢h of thè pèrsons who are Dirèdors at the 11me %then thls Directors, réport Is approved hag conffirmed that..
80 lai as that Dlreetor Is aw¥e. there Is ￿ relevant audlt inlom)ation of which the Charitys auditor is
unawaf*. and
Ihat Dtrector has taken all th8 Steps that OU9ht to have bean tak•n a5 a Dir•ctor in ord8r to be aware of
any rekvant a￿dIt information and to establish that the Charivs audilor is aware of that inforrnation.
Independent auditor
The inilependent authtor. RBK Audil UK Limited. Chartered A¢￿u￿￿nt3 an(J Ststutory Audit Fimi. were
appointed as audiiors in ae¢ordance wth sedon 485 01 th• Copmanles Act 2006 and have Inilcatod their
Ilingness to continue in office.
r•Jby.
Fr. Jo4L p'fvU4
h1¢
31213347SD494D9.
Joseph ORellly
Direclor
Antonio Bel¥ilo
Diiectvr
Date.. 23rd J￿Y 2025
Page 7

Drotsfyin Enveknpe ID.. 9B693D8INlO4C4CC2485￿B8BBlloc02DB8
CALVARIO LIMITED
IA ¢4)mpany Ilmlt•d by guarant••l
OIRECTORS. RESPONS181LITIES STATEAIENT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees Iwh9 3re also the Directors of Ihe Cornpany for the purpo$e5 of com￿nY lawl art responsible for
preparmg the Diiedorn, report inehjding the strategic report and the financial statements in accordance wth
applicable law and Uniled Kingdom A￿oUntin9 Standard5 {United Kingdom Generally A¢¢epted A¢¢ounting
Practice), induthn9 FRS 102, the financiol reportin9 Standaid appllcable in the UK and Ireland.
Company law requires the Directors to yepare financial staternents lor each financial year. Under Company
law, the DireGlors must not approve th? financial staternents unle55 they are sat15ffied that they gwe a true and
lair Mew of the stste of aflairs of the Company and of its incoming resources and applicalion ol resources,
including ils income and expenditure, for thal period. In pieparing these financial statements. Ihe OirectOW5 are
required to.-
select guilable accounting policies and then apply them consistenuy..
observé the methods and prlrtclples of the Charitles SORP.,
rrake judgem¢nts and a¢¢oynting ¢$tim81e$ Ih3t 4r¢ r*aspnabl¢ and prud¢nt",
state whether applicable UK Accounling Standards have been followed, subjed 19 any material depariures
disck)sed explained in the financial statements.,
prepare the finanual statements on the golng Co￿eM basis Un￿$8 tt Is inappropriate to presume that the
ompany will Con￿nu& in buslnèss.
Th• Directors ar• responsiljle for k•eping ad•quate accounting records that ar• sufficiont to shcw and explain
the Corrpany's Iransa¢tlons and disdgse with reasonable arKuracy * any lime th¢ financial p051tion of thè
Company and enable thèm to ensure that Ihe financial statements comply with the Companies Act 2006. They
are also responsible for saleguarding the assets ol the Company and hence for laklng re830n8ble 8tep5 lor thè
prav•ntion and d•t•ebon ol fraud and othei Irr•yularfti8s.
Approved by order of the rnembers of the Board of Directors and signed on ils behalf by..
&by'.
Fr. tssyL Ll'k4ll4
fxLsd6
01XW1CF4451...
J050ph O'ReSlly
Diréctor
Antonlo Bèlslto
Director
Date. 23rd July 2025
Page 8

0ocu8￿Jn 9B693D80-IQ4C4Cc2-B85￿66B8oco2DB8
CALVARIO UMITED
(A company Ilmlt•d by guarants•l
INDEPE14DENT AUDITOR'S REPORT TO THE MEMBERS OF CALVARIO LIMITED
Oplnlon
We have audited the Financial Statements ol Calvario ￿mited IA Comapny Limited by Guarantee) for the year
ended 31 December 2024 vthich comprise the Statement of Financial Activits"es, the Statement of Financial
Position, the Statement of Cash Fknw5 and the related notes. including a sumrnary of $ignificant accounting
policies. The financial reporting framework that has been applied in thèir preparation is applicable law and
United Kingdgm Accguntyng Standards, including Financial Repoji'ng Standard 102 7he Financial Rep)rting
Standard applicable in the UK aThJ Republic of Ireland, IUnrt8d Kingdom GènèTÈlly Acceptèd Accounts"ng
Practicel.
In our opinion thé finanaal staternents..
give a true and fair view of the stste ol the Charitable Company's affair¥ as al 31 December 2024 and of its
Incorning re$gur¢es and applirAticffi of resourcgs. including Its income and expenditure for the year then
ended-
have been propetly prepared In accordance Unlted Klngdom Gonerally Accepted AccountiThJ Practice.,
and
have been prepared in aecordanee ￿1th the requirements tsfthe Companie5 Act 2006.
Basls for oplnlon
We ¢wducted our audit in a¢¢oidance Intematlgnal Standards cn Auditing IUKI IISAS IVKII and applicab
law. Our ￿spOnSIbl11t1eS under those standards are further described in Ihe Audrtors, rèsponsibilities for the audit
of the Financial Statements section gf our report.
Vve are independenl ol the Charitable Cornpany in aCcOrda￿e wth the ethlcal requiremenls that are relevant to
our audit of the Financial Statements in the United Kingdom. including thè Finantjal Rèporting Couneifs lihe
'FRC'I Ethical Standar((, and we have fulfilled our other ethical responsibilities in aCco￿anCe with these
rèquir¢menls. Wè b•leve that the au¢Jrt ewd*n¢e ￿ havo obtalrttd 1$ suffi¢ient and appropriate to provha* a
basis for our opinion.
Concluslom rglatlng to golng concem
In auditing the financial statements, we hove concluded th* the Diredors. use of Ihe goin9 conrRm ba¥is of
accounting in the pieparation of the financial statements is appropriate.
Based on the woth we have performed. have not Ident￿ed any material uwArtainties relating to events tsr
eondthons that, individually or colleclively, may cast signlficant doubt trn the Charitable Company's abilty to
continue as a going conorn f¢f a period of at least Nvelve monlhs from when the financtal staten￿ntS are
authorised for issue.
Our responsibilities and the respon5ibihties of the Directcfs wth respect to going concern are desrjibed in the
r•l•vant sections of thi$ r•port.
Page 9

DrKuslan Envelope ID.. 9B693D80-1Q4C4CC2-B85MBB880C020B8
CALVARIO LIMITED
IA cornpany Ilmttod by guarantsel
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CALVARIO LIM￿E0 {CONTINUEDI
othèr Ihfomiatlon
The other fjnfomiats.on comprises the Inforrnation included h) the annua report other than the Financial
statements and our auditorfs report Ihereon. The Diredors are re$ponsibk for the other information ￿ntained
within the annual report. Our opinion on the Financial Statements does not ￿Ver the other infom)ation and.
except to the extent otherwaje explicitty staled in our report. we do not express any form of a¥¥uran¢e
conclu$ion thereon.
Qur r¢spon$ibility 1$ t¢ read the ¢lh¢r inlormalion and, In doin9 $0, ¢onsider whether the oV)er ts)formatlon Is
materially inconsistent wth the Financial Statements or our Kno¥￿edge oblained in the course of the audit, or
olhew5e appears tts be mal¢rially ml$$lal¢d. 11 we identsfy $u¢h materol in¢on5islen¢ies or apparent materfal
misstatements, we are required lo determine whelher this gives rise to a material misstatement in the Financial
sl8temen15 themselves. If. based on the work ￿ have perfomied. we conclude that there Ss a m•terial
rnisstatem•nt of this other information, we are required to report that tsct
We have nothing to report in this regard.
Opinion on other matters pre8¢ribgd by the Compani¢$ Act 2006
In our opinion, based on the work undertaken in the Course ol the audit..
the infgrmab.on giv?n Sn th¢ Dirgdor$' r*port for the finan¢kg1 year for whl¢h th• FinaNal Ststem8nl$ ar•
prepared is consistènt wth thè Financial Statements.. and
the Directors, report has been prepared in accordance wth applicable tegal requirements.
In the light of our kno￿edge and understanding of the Chaiitable Company and its environment obtained in the
course ol the audit, we have not identified matsrial misslatements in the DIr￿lor8. report.
Matt•Ys on vthleh M ar• r•qulr•d to r•port by •xe•ptlon
We have nothing lo repgrt in resp￿1 of the foll%Mn9 matters in relation lo whKh Companies Ad 20C6 requires
us to report to you rf. in our opinion..
adequate accounting records have not been kept, or retums adequate for our audrt have not been re¢￿Ve￿
from branches not vlstted by us,. or
the Fina￿131 Slatements ale not in ogreernent with the ?￿Ountirlj r?¢grdJ and retumg,. or
rtain disGlgsures of Directors, remuneration specified by law are not made-, or
we have not received all Ihe information and explanations we require for our audit., or
the Directors were not entiued to prepare the financial statements In accordance ¥wth the 6mall Companies
r¢glma and tak8 advantage of the small Companlas, éxamptions in prèparing the Dlrectors, report and from
th¢ requirem¢nt to P￿part a strateyie report.
R•spoMlbllSb•$ of Dlr•ctors forthe flnanclal statsm•nts
As explained more fijlty in the Dirèctors. responsibilities statement, the Directors (who are also the Oirnctors of
thè Charitabl• Company for the purposes of Company lawl ar• r•sponsible for the preparation of the financlal
statements and for being satisfied that they give a true and fair wew. and for swh inlemal ¢ontrol as the
Dir8ctDrs d&t8rmine Ss necessary to enable the preparatl)n of finandal statements that are free from materfal
misstatement, whether due to fraud or error.
Page 10

Lknu$￿JN En¥8lope ID.. 8B693￿104C4CC2-B8SD46BB8OCo2D88
CALVARIO UMJTED
IA ¢ompany Ilmlt•d by guawanto01
INDEPENDENT AUDIToif8 REPORT TO THE MEMBERS OF CALVARIO L*AITED ICONTINUEDI
In preparing the ffinanC￿l statements, the Directors are respons*le for assessing Ihe Charrtabk Compan￿8
abilty to continue as a going concem, discloslng, as ap￿icable, matters related to going concem and using the
going concem basis of aecountSn9 unless the Dirèctors erfhèr intend to liquidate the Charitable Company or to
cease operatlons, or have ￿ reallstic alternative to do so.
Audltor's re$pon$ibilities ft>r the audi¢ of thg financlal ¥tatements
Our objectives are to obtain reasonable assurance about whether the Financial Statements a5 a whole are free
frorn rnaterial mi$statemenl, whether due t¢ fraud or error, and to i$$ue an auditorfs ￿ptsrt that includes our
opinion. Reasonable assurance is a hlgh level of assuranee, but is not a guarantee that an audit conducted in
accordance with ISA5 {UK) wdl always detect a material rni3ststemenl it exist8. Mi$$tatemènts can arisè
Irorn fraud 01 error and are considered material if, indNidualSy OT in the aggregat•, th•y could r6asonably be
expected to Inffuen￿ the economic decisions of users taken ￿ the basis of these Financial Statements
financial 51atements.
A fvrther description of our responsibilities for the audit of Ihe financial 5taternent5 is located on the FRC
website at.. wvM.frc.org.uklaudltor6re$ponslbllities. This descrfptlon forms part of our auditors report.
Extgnt to vthlch th$ audlt wa$ ¢ondu¢tgd cap4blg ot dgtOCtlng Irrggularltlo¥ Ineludlng hud
Irregularities, including fraud, are instance8 of nonwcompliance with laws and regulation& We deswn
procedures in line ￿1th our responsibilities, cdrttined atrM)ve. to detect rnaterial rnisstatements in respeet of
irregL￿ar1ts'es, including fraud. The extent to which tyjr procedure$ are capable of detecting wregularitie3.
including traud is detailed below.
We considered ihe na￿le of the Charitable Company's industy and its contrcl enviTonrnent. and reviewed I
Charitable Ctsrnpany's documentation of their policies and procedures relating to fraud and tompliance wth
laws and regulations. We also enquired of management and the Directors about their own idenbfication and
?s$e$smenl ot Ihe risks of 1rre9￿ar￿e￿, inclLtdin9 tk*)8e that are specthc to the Charitable Companws bjsiness
sector.
We obtalned an understandirvj of the18gal and regulatory frameworks that the Charitable Company operates in,
and identified the key laws and regulations that..
had a direct effect on the determination of materi?1 am¢)unts and dis¢l03vre¥ in the financial Staternents.
These induded UK Companies Act 2006. Charities Act 2011. pensions legislation and tax legislation.
do rn)t have a direct effect on the financlal statements bus compliance with which may be fundamental to
the Charitable Compan15 ablity to opeTate ot to avoid a material p8nalty. Th*5• indud•d UK •mploymenl
law and Data Prottcbon Act 2018.
We discussed among the audit eng8gernent team regarding the opportunibes and incènlivès that may exist
¥￿th1Th the organisation lor fraud and ￿)W and where fraud mlght occur in the financial statements.
A8 a rtsull of performing the above, identrfied the grèatest potentlal for fraud In the fo11th￿ng areas, and our
specffic procedures perforn)ed to address it are described below..
Completeness, accura￿ and oceurrence ol income..
we assessed the deslgn and detem*)ed Ihe impkniet)tatbn of the key controls over Ir￿ome recognition
process,, and
perforrred subslontiv¢ FYo¢edu￿s on a samplè ba¥1¥ lo assess appropriate of Ineome recognltion.
Pagè11

CALVARIO UMITED
IA company limited by gLEarant801
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CALVARIO LIMITED ICONTINUEDI
In common with all audit$ undèr ISA8 (UK}. we are also required to perform specific prccedures to respond to
the risk of management override. In addressing the risk of fraud through management override of ctsnlrols, we
tested the appTopfi8teness of iournal entries and other adjustments,. assessed whether the judgements made in
making accounting estimates are indicative of a potential bias,. and Èvaluated the business Totionale of any
signffi¢ant transactions that are unusual or outside the normal course of business.
In addition lo the above. our procedures lo respond lo the risks identrfied included the following..
reviewing financial statement disclosures by testing lo supporting documentation to assess compliance wilh
provistons of relevant law3 and regulations described as having a direct effed on thè financial statements.,
perfomiing anatytical procedures to identify any unusual or unexpected relationships that rnay indic81e risks
of material mis$l?tements due to fraud.
enquiring of management concerning adual and p¢lenlial litigation and claims. and in8tan¢es of non-
comphance with laws and regulations in this Charllable Company," and
reading minutes of meetings of those Charged wtth govemance and reviewing inlemal audit reports.
Other matters
We wish to state the eompaiatNe r￿ur£S presented were not audited. This was due to the Company being audit
exempt in the prior period. We h8ve obtained sufficient audit ewdence lo ensure that the opening balances do
not ctht8in misst8tements that materially affect the ¢urrerbl period's financial statements.
Use of our report
This report is made SO￿lY to the Charitable Company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companie5 AGt 21JJ6. Our audit work has been undertaken so that we might slate to the
Charitable Company's members those matt&rs we are required to stale to them in an audttors. report and for no
other purpose. To the fullest extent pemiitted by law, we do not accept or assum9 responsibility to anyone other
than the Charilable Company and ils members, as a body, for our aud(t work, for this report, or for the opinions
we have formed.
L_ kJL
Ronan Kilbane
for and on behalf of
RBK Audlt UK Limlted
Chartere(t Accountants and Slalulory Audit Firm
Temini
3 Arkle Road
Sandyford
Dublin 18
Ireland
D18 C9C5
Date.. 0710812025
Pagtr 12

Dowsb3n EN¥810￿ ID.. 9B6?3￿104C4CC2-B8SD-B8B88oGo2DB8
CALVARIO UMITED
IA ¢ompany Ilmtt•d by guarants•l
STAfEMENT OF FINANCIAL ACTIVITIES IINCORPOIIATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEIABER 2024
Total
runds
2023
(Unaudrted)
unr￿trIcted
fund¥
2024
Total
fvnd¥
2024
Note
Income from:
Donation$
Investments
1,465,880
37,112
1A65,880
37.112
518, 157
34, 189
Total Incom•
1,502,992
1.502.992
552,346
Expendlture on:
Raising funds
Charitable activib.es
4,2fj9
660.638
4,269
660,638
3,327
642,419
Total •xpgndltur•
664907
664,907
645,746
Nèt in¢om•ll•xpèndiiur•l bofor• n•t galns on
Investments
Net 9ain$ on inve$tmeThts
831.085
41A49
838,086
41A49
(93.400)
65,345
N&t movemfrnt In funds
879,534
879,534
128,0551
Reroncili•tion of fund5-
Total fund$ brought foN4Ard
Nel movement in lunds Isee abov•l
12
1,362,418
879,534
1.362.418
879.534
1,390.473
128,055)
Total funds cawrfed forward
12
2,241,9S2
1241,952
1,362,418
All adMli•s are Continuing. There are no recognised gains or losses other than a$ disclosed above.
The Statement of Financial Actiwties incorporates an In¢omè and expendture account
The notes on pages 16 to 25 tsm part ofthese financial statements.
Page 13

Dor￿￿Jn EnvelDpe ID." 9B692D8(h104C4CC2-B85D-B88B80C02D88
CALVARIO UMITED
IA company Ilrnltod by guarant•g1
BALANCE SHEET
ASAT 31 DECEMBER 2024
(Unauditedl
2023
2024
Note
Fixed assets
Investments
1,190,421
1, 153, 701
1,190,421
7,153,lOY
Curr•nt ass•ts
Debtors due within 1 year
Debtor$ due after more than 1 year
Cash at bank and in hand
40,023
1,082.264
448.742
14
217,777
1.571,029
211,77T
Creditors.. amounts falling due within one
year
1161,6171
(2,460)
N•t eurr•nt ass•ts
1,409,412
2Gg,317
Creditors.. amounts fa￿1r4 due after more
than one year
10
1357.6811
N•t ass•ts •xcludlng p•nslon ass•t
2,241.952
1,362,418
Totsl net a¥sets
2.241.952
1,362,418
Charlty fund¥
Restllcted fvnds
12
Unrèstrretèd lunds
12
2,241.952
1,362,418
Totsl fund6
2.241,9S2
1,362,418
The financial slalement$ werè approved and authorised for i$6ue by the Dire¢tors and Signed on their behalf by..
Josep
Director
ei
Antonlo Bglslto
Oirector
D*$.. 23rd July 2025
The notes on pages 16 to 25 fomi part ofthese financi81 $t#tements.
Page14

D￿u￿gn Env8lpp¢ ID.. 9B693D80-1Q4C4CC2-B85D888B80C02DB8
CALVARIO LIMITED
IA company Ilrnlt•d by guarant••l
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 310ECEMBER 2024
(UnauL4ited)
2023
2024
Cash flow4 from 0￿rnting actlvlti•s
Net cash prowdedllused inl by operating activities
14
237.105
(72,412)
Cash fftiw4 from Investlng activitles
Income gn investments
Cash withdrawals
137,1121
36.972
(34, 1891
34. 189
Net cash lused inVprovid•d by inv•stFng attiviti•s
11401
Cash flows from financlng aetivltl•s
N•t cash provldod by financlng actlvltlos
Change In eash and cash equivalents In the year
Cash and cash equivalents *the bÈginnin9 of the year
236,965
172,4121
284, 789
15
211.777
Cagh And ￿¥h •quival•nts at th• •nd of th• y•ar
15
448,742
211.77T
The notes on page$ 18 to 25 fomi part ofthese ffinanrial statements
Pagfr 16

Docusign Envelope ID.. gB693D80-104c4CC2-B8St￿B8BBe0¢O2DB8
CALVARIO LIAIITED
IA company liffllt•d by 9uarnntso1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPJiBER 2024
General infonnation
These financial statement5 compri5in9 Ihe Statement tsf Financial Actmties, the Balance Sheet, the
statement of Cash Flows and the related notes indvding significant a¢coun&ng policie$ ¢onstrtLrte the
finanrial statemènts of Calvario Limited for the finanual year ended 31 December 2024.
Calvario Limited 15 ¥ Company limited by Guarantee incorporated in the United Kingdom. The registered
office 15 St. Maiies'5 Oak Street, Rugby. The nature of the Charitls operations and its principal a¢livthes
are Set out in tho Dire¢lors' Report.
Ac¢out)tlng policies
2.1 Basis of acGountÉng
These accounts have been prepared for the year ended 31 December 2024.
Thè financial statements have been prepared in a¢coT(lanee wth Ac￿unting and Reportin9 by
Charities.. Statement of Recommended Praclice applicable lo Gharthes preparing their accounts in
accordance wrth the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS
1021 leffective 1 January 20191- Icharities SORP IFRS10211, the F￿an¢jaI Reporting Standard
applieable in the UK and Republlc of Ireland IFRS1021, the charib.es Act 2011 and Companies Act
2006.
Calvario Limited meels the deffin￿on of a public benefil entity under FRS 102. Assets and lia￿l￿e5
are initially recognised at histor￿1 cost cr transaction vabja unlèss othèrwise stated in the relevant
accountin9 PDIicy.
2.2 Pr•paTrtion of th8 aceounts on a going eonc•rn basls
Havin9 considered future budget5 and cash flow5. the Directors confirm that they have no material
uncertainties about the entity's ability to continue as a goin9 concem for the forÈyèeablè future. Wrfh
respect to the next reporting year, the most 5i9nificant areas of uncertainty that affect the ¢wrying
value Df 8S5ets held by the Charity are the level of investment retum and the Ferformance gf
investment rnorkets. In making thi5 as5e55ment the Director5 have eonsidered Ihe levd of resesves
hekl and the low level of non4iscretionary expendrture.
2.3 Income recognition
Thi5 ¢0tnpri5e5 donations 4nd investrnents income. All Income is recognlsed once the Charity has
entrtlement to the income. it is probabFe that the income wll be received, and the 2muJnt of income
can be mea¥ured i?liabty.
Donations are re￿9￿1¥¢d by th• Charity in the Stslement of Fln8Mebl Activitles In the year to ¥thich
they relate to.
Inv•stm•nt income, which indudes bank interest, is accounted for in the year in wlich the Ch8rty-
entitied to receive it.
Page 16

Enwh)p* ID.. 9B693D80-104C4CC2.B8W88880C02D88
CALVARIO UMITED
IA eompany Ilmlted by guarnnts•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACcoun￿ng poli¢i•• Icontlnu•d>
2A Exp8nditur& Tocognltlon
abilities are recognised as expenditure as soon as there is legal e¥ conslwctive Qb￿.98￿.0n
¢ommitting Ihe Charity to that expenditure, it is proliable Ihat setuement will be reqwred, and the
arnounl of obli9atK)n can be measured reliably.
Expenditure is reco9ni$ed on an accruals basis a¥ a lièbilty is incurred. in¢lusive ¢f VAT, which
¢¥nnol be recovered.
ch$rfts￿e activities comprise of donab"on$ expenditu￿ arKI ¥upport costs whKh c¢¥npri¥¢ of
organi$ational admini5trats.on costs, these indude dire￿ ¢051¥ of professional advKe.
Expenditure on raisin9 funds indudes invesbnent management lees In(￿re￿ by the Charity.
Governance cost8 y￿thin expendlture on charitsble a¢tivit￿$ relates lo oudil fees incur•d for the year
by the Charity
2.5 SlgnifieantJudg•m•nts and 8OUfC•8 •*dmatlon uncertainty
In thè v￿W of the DirectQT$. in •PPtying the accounting pc4icTe$ adopted. no judgements vue
required that have a 8ignifi¢ant effect on the amouTht$ recoyni%d in the financial statemènts nor do
any estimates or assumptions made carry a Sign￿cant risk of material adjustment in the next
financial year.
2.fj Invéskn•nts
Investments are a form of basic finanelal instrument. They ar¥ initialy recognised at their transackn"e
value and 5ub5èquèntly valued at their fair value at the balance sheet dale u5tng the dosing quoted
market price. The Statement gf Financial Actiwties includes thè not gaw)s and losses arising cl)
revaluation and disposals of investments throughout the perfod.
2.7 Imiostment gain* and lo•s•s
Realised and unrealised gains lor losses) are credited lor dÈbit•dl to the Statement of FinanrAal
A¢tiviUes in the year in whlch they ari¥e.
2.8 Fund$
The General funds of the Charity (both assets and rèv?nue} comprise of unrestricted income which
the Directors are free to Use in artordanee wilh the charit￿$ objects.
2.9 Dgbtors
Debtors are reeognised at the settlement amount after any trade discouni offered. Prepayments are
valued at the amount prepaid n•t of any trade discount8 due.
2.10 Cash at bank and In hond
Ca$h at bank and in hand repres•nt5 such accounts and instruments that are avaitable ¢*n demand
or have a malurity gf less than three months from the date of acquisition. Depo$il$ for more than
Ihree months bui less ihan one year have beén disdosed as ShOrt-te￿ deposits.
Page 17

CK)tU8hJn Enveknpe ID". 98693D8&1o4C4CC2-B85￿BBBB8OcO2UBa
CALVARIO UMITEO
IA ¢ompany Ilmlt•d by guar4nt•g1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
AGGountlng pollclel leontln￿dI
2.11 Creditors and provl$ions
Creditots and provisions are recognised Nthere the Charity has a present ot4igth.on resutting from a
past event that wll probably resuh in the transfer of fvnds lo a third party and Ihe amr>unt due to
$etMe the obligats.on can be measured or estimated reliably. Credrtcf$ arbj provisKJns are nomially
recognised at their settlement arnount.
2.12 Li#bllltl•s and provlslon5
Liabilthes are recognised when thei¢ 18 an obEigation at the Balance sheet date as a resum of a past
event, it 1$ probable that a transfer of ec4nomic benÈllt wll be requireil in settlement, and the
amount of the setuemenl can be estimakd reliably.
LiabIl￿e5 are reeognised at the amount that the Company anticipates it ￿11 pay tLI setlle the debt or
the amount il has receNed as advanced payments for the goods or serwces it must provide.
2.13 Financi•l Instruments
The Cempany enter$ into bAsie financAal instrument transaetions that resuli in the r¢¢ognitson of
financial a$¥el¥ and liabiltties like debtors and creditois, loans from banks and th¥d partieg,
loans to related parties and invÈstmÈnts in ordinary shares.
Debt instruments lother than those wholly repayable or re¢ewablè one yea¢. including loans
and other ac¢gunts recéivable and payable, are initially measured at present value of the futuff ¢a$h
flows and subsequentty at amortised eost using the effectwe Interest melhod. Debt instruments that
are payable or receivable wlhin one year, typi￿lty debtors and ueditors, are measured, Inbtially and
subsequentty, at the undiscounted am¢unl Of the cash or other consideration expected to be paid or
received. However. If the arrangements of a short-lerm instrument constitute a financing transaction,
like Ihe paym•nl of a debt deferred bty¢nd nomal business terms or in case of an out-right short-
tèrm loan that is not at market rate, the ffinancial asset or liab>lty is measured. initialty al the presenl
value of future cash flows discounted at 8 markèt rate ol Interest for a simlar dabt instwmenl and
subsèquentty at amortised cost. unless it qualifies a5 a loan from a D1￿ctor in the ¢ase of a small
Company, or a public b•nefrt entity concessionary loan.
Financial a5¥ets that are measured at cost and amortised cost are 355essèd at thè end of ea¢h
reporfing period for obl￿tIVe evSdence tsf impairment. If objective eVhl•n¢e of impairment is Icund,
an impairment1088 is recognised Sn the Statement of ¢omyehensive income.
For ffinancial assets me8sured at amoth.sed cost, the impalmient kJs6 is measured a$ the drfference
btheen an assefs carrying amount and the present value of eslimated cash flows discounled atthe
asset's original effective interest rate. If a finanrial asset has a varrable interest rate. the dSscount
rate for measuring any impairment1o¥s is th• current effective interest rate determined under the
contract.
For financial assets measured at cost less impaimient. the imp8imieTht loss is measured as the
differen¢e be￿en an a$seVs Carrying amount and bèst estimaie of Ihe recoverable amount. which
is an approximation of the amount that the Company would r￿e1ve for Ihe asset rf it were lo be $01
at the reportin9 dale.
Finanaal assets and liabil(tles arè offset and the nel arnount reported in the Statement of financ4al
position when there is an enlorceable right to set off the recognised amounts and theT¢ 1$ an
intention to setlje on a net ba$is prto r¢ali$e the assel and s*tl• the habilty sirnult8neously.
Pa9e 18

DO¢￿￿Jn En¥ehJp8 ID". 9B693D8fy104C4CC2-B8￿888B8QCO20B8
CALVARIO LIMITED
IA ¢ompony Ilmlt•d by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Donations
Total
Total
runds
lunds
2023
2024 {Unaudited)
Unrgstrlctsd
lund$
2024
Charity donations
1,465,880
1A65,880
518, 157
Total 2024
1,465.880
1,465,880
518, 157
Incom• from Investments
Total
Total
fund
lunds
2023
2024 (Unaudited)
Unroslri¢tod
funds
2024
Inveslment ineome
37,112
37.112
34. 189
Total 2024
37,112
37,112
34, 189
Exp•ndltur• on raising fund¥
TDt81
Total
funds
funds
2023
2024 {Unaudrf8dJ
Vnmtrfet
funds
2024
Investm&nt management fee8
4,269
{269
3,327
Page 19

Docu$van EnvetOP810.. 98693D80-104C4CC2.B85D-B8B88OCO2Ce8
CALVARIO UMITED
{A company Ilmlt•d by guarant••l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ExpendibJr0 on ¢haritsblg activitie¥
Unfostriclgd
funds
2024
TD181
Totsl
2023
2024 1Unaudited)
Donation
641,975
12,981
5.682
641.976
12.981
5.682
624,917
15,458
2,044
Support cost
Govemance
Totsl 2024
660,638
660,638
642,419
Flx•d Ays•t Invostm•nts
2023
2024 Iunaudhed)
MarkotValu•
Mart(et value al 1 January
Investment income
Cash wthdrawals
Investment management fees
Net gains on inveslmenl$
1.161101
37,112
136,9721
14,2691
41,449
1.091.083
34, 189
134, 189)
(3,327)
65.345
ma￿et vwlue ot 31 Dècèmber
1,190,421
1,153, 101
D•bto
2023
2024 lUn￿dited)
Du• aft•r more than On• yèar
oth8T debtor5
1.082.Z64
1,081264
¥Athin one year
Other dèbtor$
40.023
1,122,2B7
Page 20

rx)rAJ&vJn En¥ebpe ID". 9B693D8rk1¢)4C4CC2-B6￿BsBB8oC02DB8
CALVARIO LIMITED
IA company lirnlt•d by guaraniwl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Creditor8: Amounts falling duo within one year
2023
2024 (Unbudrtedl
Accruals
161,617
2,460
10. Crndltors: Amounts falling •ft•r mor• than on• y•4r
2024
2023
Other creditors
357.881
11. Financial In$trum•nts
2023
2024 (Unaud￿*￿?
Flnancial assgts
Fixed asset investments
1.190,421
1,153,701
Financial assets measured 81 fair value consist of fixed )ss¢ts Investments
Page 21

DwJ8b)n Envelope ID.. 9B693D8fv104C4cC2.B85[￿￿8BB80C￿20B8
CALVARIO LIMITED
IA eompany Ilmit?d by 9￿￿n￿•)
NOTES TO THE FINANCIAL STATEIIIENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Statsment and sunmary offundj
Statsment and $wnmary ot funds- curr•nt yg#r
8al•nce al
31
Goin￿ D•e•mber
IL933ès1
2024
Balance al I
January
2024
Income Expenditurn
Unresiricted fvTrd$
General Funds
1,362,418
1,502.992
1664,9071
41,449
2,241,952
Statem¢nt and summary Off￿d1- prfor y••r
B￿ance at
31
De(*mber
2023
Balancg èt
l January
2023
Gainsp
(Losses?
Income Expendrtu
ur*èjtrkt￿ fvnds
General Funds
1,390,4T3
552,346
(645,7461
65,345
1,362,418
13. An#lysis of nat assèts between fvnd¥
Analysls of not assets bet¥￿en lunds • curY•nt period
Unrostricted
funds
2024
Total
funds
2024
Fixed asset investments
Debtors due after more than on• year
Current assets
¢redrtors due ￿thOTr one year
1,190,421
1,190,421
754,885
754.885
816,144
816,144
1519,4981 1519,4981
Tolal
2,241,952
1241,952
Page 22

rJxusvJn Envelope ID.. 98693D8fv104C4CC2-B85D-B8BB80C02DB6
CALVARIO LWITED
IA company limlt•d by guarantee)
NOTES TO THE FINANCIAL STATEIIEENTS
FOR THEYEAR ENDED 31 DEGEMBER 2024
13. Analygig of net a$$èt8 bets￿en funds Icontlnuodl
Analy$l# of n•t assgts b•t¥￿9n funds. plior pèriod
Unrestiicted
Totol
funds
rtsnds
2023
2023
(Unaudit8d) (unal￿1t0dJ
Fixed a¥8ei Investments
Current asse15
Creditors due within one year
1, 153, 101
211, 777
(2,46ts)
1, 153, 101
211.7TI
f2,460}
Totsl
1,362,418
1,362,418
t& Rt¢on¢lllatlon of net movemènt in lund$ to net cash flowfrom op•ratlng activities
2023
2024 (Unaudit&d}
Net in¢omel1￿pendIlUreI for the year las wr Statement ol Finanrial
Activitles}
879,S34
(28,055J
Adju#tm•nts lor:
Inv??tment m8n8gement Fees
Ilncrea5ellD•u*ase in debiors
IncTe05ellDecrease} in creditors
(Gains1 on irvestrnents
4,269
{1.122,2871
517,038
141,4491
3,327
1&085
{424J
(fj&345J
N•t tash provld•d by1{u￿￿ in? wovid•d by opernting aCtivitr•$
237,105
(72,4121
15. Anal￿1$ ol ¢a$h and Gash ¢quiv#lonts
2023
2024 (Unauditedl
Cash at bank and in ha￿1
448,742
211,777
Total cash and cash equivalents
448.742
211, 777
Page 23

DO¢L%￿jn En￿k)pe ID.. gB693D8￿1o4c4C¢2-B8S￿6BB60cfj2DB8
CALVARIO UMITED
IA tompany Ilmltgd by guaronts•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
16. Analy$l8 of ¢hang•s in not dtrbt
At31
December
2024
January
2024 Cashflo
Cash at bank and in hand
211.777
236,96S
448.742
211,7TI
236.96S
448,742
17. Llmlt•d Ilabilty
Thè Company is limited by guarantee and has no share capttal. Every member of the Company. ofwhom
there are currendy ffiv&. guarantees to contribute a maximum of £10 on ￿1ndIng up.
18. Taxation
The Company Is a reglstered Charity and 1$ not $ubJ8ct to corpor¥bon tax or In￿rna tax on its Charitable
aElivit*s.
19. Related party transa¢tior
During the year ended 31 De￿rnber 2024, CalvarK) Lim(ted received Ilonations as frAIows'.
Formation dohation received from Inytitute of Charity (UK Provin¢el'. £138,87712023.' £ 142,5661
Formation donation received from Institute of Charity (Rosrniniansl Company Limited by Guarantee,
Ihis Is an Irish regist?red Charitable Ctsmpany.. £178,42312023.' £115,938)
Donation from Institute of Charity (Rosminiansl Company Limrfted by Guarantee. this is ￿ Ifish
registered Chatitable Company.. £922,93012023". £68,737).
Donation from Rosmlnl Publicab'ons ￿mited.. £8,00012023.' £Nill.
There were no amounts outglanding from any other related patty as at 31 December 2024.
ContSng•nt Ilabilitièa
Thoie were no conbng*nt Ilabilities as at 31 December 2024.
21. Capltsl commiimwits
There were no Capital eommltm8nts a$ at 31 December 2024.
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DOc￿lon Envelope ID.. 9B693D8fy104c4Cc2￿8fj0B8BBB0C02DB8
CALVARIO UMITED
IA company Ilmlt•d by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEIR ENOED 31 DECEMBER 2024
22. Post balance Sheet events
There have been no significant events Since the erMI of the financial year￿1¢h would rèqulre a(ljustmeTrt
to or disdosur• within the financial Stalements.
23. Approval of financSal ¥tat¢rnents
The Board ol Director5 approved these financial statements f¢r l$$ue on 23Td July 2025
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