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2025-06-30-accounts

Edgware Abbey

Annual report and financial statements

For the year ended 30 June 2025

Charity registration number 209261

Contents

Contents
Page
Reference and administrative information 1
Trustees’ report 2 ‐ 8
Independent auditor’s report 9 ‐ 11
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Care home income and expenditure account 15
Convent income and expenditure account 16
Notes to the financial statements 17 ‐ 26

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

Reference and administrative information

For the year ended 30 June 2025

Charity number 209261

Country of registration

England and Wales

Registered office and operational address

Edgware Abbey 94A Priory Field Drive EDGWARE Middlesex HA8 9PU

Trustees

Trustees who served during the year and up to the date of this report were as follows:

Dame Mary Thérèse Zelent OSB: Abbess Rt Revd Peter William Wheatley Revd Paul Reece Mrs Denise Cooper Mr John Ringguth Mr James Stewart‐Smith

Investment managers

Rathbones 30 Gresham Street, London EC2V 7QN

Accountants Buzzacott LLP,
130 Wood Street,
London
EC2V 6DL
Price Bailey LLP
8th floor Dashwood House,
69 Old Broad Street,
London,
EC2M 1QS
Bankers CAF Bank
25 Kings Hill Avenue West Malling
Kent ME19 4TA
HSBC
PO Box 27
101‐103 Station Road Edgware
HA8 7JJ
Scottish Widows Bank PO Box 12757
67 Morrison Street Edinburgh
EH3 8YJ
Solicitors TWM Solicitors
Sweech House Gravel Hill Leatherhead Surrey
KT22 7HF
Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditors
110 Golden Lane London
EC1Y 0TG

1

Edgware Abbey

Trustee’s report

For the year ended 30 June 2025

Trustees’ Report – Inspiring Care, Community, and Faith Since 1866

The Trustees are pleased to present their report and the audited financial statements for the year ended 30 June 2025. Our financial statements have been prepared in line with the accounting policies set out in Note 1 and fully comply with our Trust Deed, relevant legislation, and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2005) .

Our Purpose

Everything we do is rooted in our founders’ vision: to advance the Christian faith in accordance with the principles of the Church of England, and to live out the church’s social mission through practical action, compassion, and service.

Our charitable work focuses on supporting those most in need—particularly individuals requiring dedicated nursing care— while sustaining the life of a religious Community of women shaped by the Rule of St Benedict and dedicated to St Mary at the Cross. All of our activity is carried out for the benefit of the public and woven into the wider mission of Edgware Abbey.

A Legacy of Compassion: Our History

Edgware Abbey’s story began in 1866 in Shoreditch, where a small Anglican Benedictine Community of women dedicated their lives to serving the “poorest of the poor.” They cared for “incurable children,” supported local families, and offered hope where it was needed most.

As the needs of those they served grew, so did the charity. In 1874 the Community established a convalescent home in Edgware, eventually relocating there entirely in 1931. The convent became both a home and a place of healing for the children and adults in their care.

Changing regulations in the 1980s required more modern facilities, which led to the creation of Henry Nihill House, a nursing care home named after one of our founders. Opening its doors in 1992, Henry Nihill House continues our long tradition of compassionate care.

As we approach our 160th anniversary, we remain inspired by the example of Mother Monica Skinner and Fr. Henry Nihill. Their commitment to service still guides us as we support those in need of nursing care and provide a place of spiritual renewal at the Abbey.

Our Mission and Ethos

Edgware Abbey exists to nurture faith, offer sanctuary, and provide exceptional care. As an Anglican Benedictine Community and a registered charity, our mission is:

“To advance the Christian faith in accordance with the doctrines and principles of the Church of England, and to carry out the social mission of the Church through charitable work and the relief of poverty, sustained by a religious community of women.”

Alongside our ministry of Benedictine hospitality—offering sacred space, retreat, and spiritual refreshment—we also operate Henry Nihill House, which provides professional nursing care for 30 residents. We welcome people of all faiths and none, serving each person with dignity, compassion, and respect.

Grounded in the Health and Social Care Act (2015) and our Benedictine tradition, we hold firmly to the teaching:

“Before all things, care must be taken of the sick; all are to be cared for as Christ Himself.” – Rule of St Benedict, Ch. 36

This ethos shapes the bespoke, person‐centred support offered by our dedicated staff, reflecting our values of Courtesy, Hospitality, Integrity, Individuality, and Adaptability. We also take inspiration from Christ’s call to serve:

2

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

“What you have done unto the least of my brothers and sisters, you have done unto me.” – Matthew 25:40

At Henry Nihill House, the presence of the Community and the availability of chapel services are a valued part of daily life. The Community works closely with staff and management, ensuring a warm, nurturing environment where every individual feels seen and supported.

Many residents who cannot be cared for elsewhere find a genuine home with us—one filled with friendship, expert care, and a gentle Benedictine spirit. This ministry continues the heart of our original mission and honours our founders’ vision. We believe in the fullness of life for all whom we serve:

“I am come that you may have life, and have it more abundantly.” – John 10:10

How We Carry Out Our Work

The Trust is the steward of the land and buildings occupied by the Community at Edgware Abbey, as well as a portfolio of investments and properties that help sustain our charitable mission. Following the sale of the old Abbey buildings in 2010, English Heritage approved the conversion of the former laundry and outbuildings into residential accommodation for the Community. This thoughtful adaptation allowed the Sisters to remain on‐site and continue the work that has defined their ministry for over a century.

Today, the Community’s central charitable work is the running of Henry Nihill House, our nursing care home. Alongside this vital service, the Community offers chapel services accessible to residents, welcomes parish groups for Quiet Days and study sessions, and provides guest accommodation for private retreats and spiritual rest. These activities deepen our connection with the wider community and advance our mission of care, compassion, and hospitality.

The Trustees draw on the Charity Commission’s guidance on public benefit when reviewing our objectives and when shaping future plans. Each new initiative is carefully considered to ensure it strengthens and supports our charitable purpose.

Henry Nihill House Care Home with Nursing

Henry Nihill House is a 30‐bed home registered with the Care Quality Commission (CQC) to provide nursing and personal care, as well as treatment for disease, disorder, and injury. We operate within the standards of the Health & Social Care Act 2008, and in January 2024 we were pleased to maintain our ‘Good’ CQC rating. This achievement reflects the dedication and professionalism of our staff team, whose commitment to excellence is deeply valued by the Trustees.

Demand for nursing care placements continues to grow nationally. The CQC’s 2024/25 State of Care report highlights that, although the total number of care‐home beds has remained broadly stable, availability per older‐person population is declining, with London having fewer beds per 100,000 people aged 65 and over than most other regions. Occupancy levels are rising, leaving limited spare capacity. This shortfall contributes to delays in hospital discharge for individuals requiring ongoing care. Henry Nihill House continues to meet this growing need, consistently operating at high occupancy and receiving regular admission enquiries as a not‐for‐profit provider.

Residents are funded through Local Authority contracts, NHS Continuing Health Care agreements, and a proportion (around 33%) who self fund for as long as they are able. Importantly, no resident is asked to leave when their financial resources are exhausted. However, because Local Authority funding has not kept pace with the actual cost of care, the Home relies on Trust subsidies to maintain high standards and ensure that care remains accessible to all.

Trust support enables us to meet essential needs—from building maintenance, insurance, and legal fees to specialist equipment, adapted vehicles, residents’ outings, and improvements to the Home and its grounds. In today’s challenging economic environment, with rising costs and funding shortfalls, this support has become even more crucial. The Trust continues to review its systems and explore new approaches to sustain the level of care we are committed to providing.

Retreat and Guest Facilities

Hospitality is central to the Benedictine tradition, and Edgware Abbey remains a place where guests of all backgrounds are welcomed with warmth and generosity. As St Benedict teaches, “Guests are never lacking in a monastery.” Our retreat facilities—both day and residential—offer individuals and groups a peaceful sanctuary for reflection, rest, and renewal.

3

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

In a world marked by increasing stress, uncertainty, and emotional strain, spaces that nurture mental and spiritual wellbeing are more important than ever. Retreats provide a vital pause: a chance to rest, gain clarity, heal, and reconnect with one’s inner life. Our facilities meet an essential public need by offering accessible, tranquil spaces where people can find strength, resilience, and renewed purpose. These retreat offerings serve not only individuals but the broader community, promoting emotional health, spiritual growth, and personal renewal.

Feedback and Continuous Improvement

Listening to those we serve is central to how we grow and improve. The charity regularly gathers feedback from residents, families, visitors, and staff—through surveys, conversations, and everyday interactions. This insight helps shape our services, ensuring they meet real needs with compassion and excellence.

Recent comments include:

This ongoing cycle of listening, reviewing, and improving ensures the charity remains responsive and committed to delivering the highest quality of care and support.

Events of the Year

Throughout the year, the Community and the Henry Nihill House team worked hard to enhance residents’ quality of life. Highlights include:

4

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

These activities strengthen community life, enhance wellbeing, and ensure residents feel valued, engaged, and supported.

Our Future Plans

Looking ahead, the Trustees and Community are committed to:

These plans reflect our commitment to meeting the evolving needs of residents, retreatants, and the broader community.

Managing Our Property and Assets

Responsible stewardship remains central to the work of the Trust. The Trustees manage investments, properties, and financial resources with diligence to ensure that the Charity can continue to fulfil its mission both now and in the years ahead. Through regular review and strategic planning, we ensure that resources are used effectively, that our obligations are met, and that the assets entrusted to our care are protected and strengthened over time.

Investment income is an essential source of funding for the charitable work of the Trust, including the care provided at Henry Nihill House. However, the Trustees recognise that investment returns alone are not sufficient to sustain the Charity’s long‐ term commitments. In order to ensure financial resilience and to enable continued development, additional support through legacies, grants, and fundraising is necessary. These supplementary income streams help secure the future of the Charity and ensure that its work can continue to benefit residents and the wider community.

The Charity continues to be guided by the Benedictine principle of shared life and mutual care, ensuring that the needs of every person in our community are met. This ethos shapes all decisions relating to the management and deployment of resources, reinforcing our commitment to act responsibly, equitably, and always in service of those who rely on the Charity’s care and support.

Financial review

The Trustees continue to monitor the charity’s financial performance closely, working in partnership with our investment managers at Investec/Rathbones to ensure our portfolio is stewarded responsibly and in support of our charitable mission. Following a review of our financial systems and professional support, we appointed Price Bailey as our new accountants in May 2025, strengthening our commitment to robust governance and effective financial management.

Total income for the year decreased to £2,668,858 (2024: £2,797,123). Dividend income has decreased by £145,003 (2025: £215,453 2024: £391,883). There was a decrease in Care Home income of £22,250 (2025: £2,280,175 2024: £2,302,455).

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

There was a small increase in Convent income to £8,926 (2024: £8,702).

Expenditure decreased to £3,165,875 (2024: £3,541,047). The charity made a deficit of £665,158 (2024: £128,303 surplus) which is due to a loss in the Care home and Convent. Sale and revaluation of investments amount to £158,141 (2024: £872,227). At the end of the year, net unrestricted funds were £15,441,753 (2024: £16,162,213) and net current assets less restricted funds were £1,781 (2024: £185,394).

The trustees are confident that the financial position at the end of the year is satisfactory, in accordance with the careful activity of the Investment Managers.

Risk Statement

The Trustees recognise several key risks facing the charity. The most significant financial risk is the potential reduction in investment income alongside the rising costs of operating Henry Nihill House. Global economic pressures have impacted investment returns, and the portfolio is reviewed quarterly to ensure it continues to meet its objectives and support the charity’s work.

Operational risks—including the possibility of an adverse CQC inspection outcome or a major incident at Henry Nihill House— are also taken seriously. The Trustees regularly assess these and other potential risks, evaluating their likely impact and putting appropriate controls in place. These measures include ongoing staff training, strengthened quality and compliance processes, robust HR practices, and comprehensive health and safety systems.

The Trustees’ forward planning and committed actions reflect a careful and responsible approach to stewardship, ensuring the charity remains resilient, compliant, and well‐prepared for future challenges.

Safeguarding Statement

The Community of St Mary at the Cross and the Trustees of The Edgware Abbey Charitable Trust remain firmly committed to safeguarding and to promoting the welfare of all individuals, especially those who are vulnerable. This includes children, young people, and adults who may be frail, infirm, or otherwise in need of protection. We recognise that safeguarding is a shared responsibility, and we expect all staff, volunteers, visitors, and users of our premises at Edgware Abbey and Henry Nihill House to uphold the highest standards of courtesy, respect, and care toward residents and one another.

The Community follows the safeguarding principles set out in Safeguarding in the Diocese of London and adheres to the guidance issued by the House of Bishops for Religious Communities. We also comply fully with safeguarding policies and practice guidance from both the Diocese of London and the National Safeguarding Team. At Henry Nihill House, the charity meets all CQC safeguarding requirements, ensuring that robust procedures are in place to protect residents’ safety and well‐ being.

We maintain a designated Safeguarding Person for the Community, along with a Safeguarding and Whistleblowing Lead for Henry Nihill House. Safer Recruitment principles apply to all appointments, including Community members, Trustees, staff, and volunteers. Our Safeguarding Statement and Community Policy are reviewed annually to ensure they remain current, effective, and aligned with best practice.

Reserves Policy

The Trustees have accumulated reserves as an endowment to support both the Care Home and the Community. These reserves are essential for generating income to sustain the members of the Community, fund charitable activities, and provide a subsidy to ensure the continued quality of care at the Care Home. The amount held in reserves is regularly reviewed to ensure it remains adequate to meet the ongoing needs of the charity’s work.

At the year‐end free reserves, reserves not held in fixed assets, were £496,149 (2022: £477,120).

The Trust retains a sufficient area of property to enable the members of the small Community to continue its religious life of prayer and service, and to carry out its Charitable Objects. The area of the property includes: The Chapel; Cloisters; Cemetery; Care Home; Gardens; accommodation for the Community, and a small area for Quiet Day Groups, Retreat Guests and people seeking quiet space for rest and renewal.

6

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

Investment Policy

The Edgware Abbey Charitable Trust maintains a managed Investment Portfolio, which is governed by its Investment Policy Statement. This Statement outlines the Charity's investment objectives, guidelines, and ethical restrictions.

Investment Policy Statement

This policy has been developed by the Trustees of the Edgware Abbey Charitable Trust to provide clear guidance on the management of assets. The Trustees have delegated asset management functions to Charles Stanley & Co. Ltd. (until June 2023) and Investec/Rathbones (from 1st April 2023). The policy aims to ensure that asset management is carried out in the best interests of the Trust.

Investment Objective

The Trustees aim to preserve and grow the real value of the Charity's assets over the long term by investing in a diversified portfolio that includes equities, fixed income stocks, and cash, while targeting an income yield of 4‐5% per annum.

Investment Restrictions

Investments are not to be made in companies involved in tobacco, armaments, or genetic engineering for unethical purposes. The Trustees also adhere to the Church of England’s Policy on Ethical and Sustainable Investments when making investment decisions.

Investment Brief

To achieve these investment objectives, the Trustees have appointed Investec/Rathbones as their discretionary asset managers. The portfolio will be diversified, with a medium risk income investment objective. The proportion of investments in equities, fixed income stocks, and cash will be reviewed with Investec/Rathbones at least every six months to ensure ongoing suitability.

Review

The Trustees will periodically review this policy statement to assess whether any changes are needed. They will also evaluate the performance of Investec/Rathbones and conduct periodic performance reviews of the Broker Company. The Trustees receive a quarterly report on the performance of the investment portfolio, and investment meetings are held twice yearly to assess and review the portfolio.

During the year, the income return was 4%, which was slightly below the targeted income yield due to global events and circumstances .

Governance and structure

For the effective management of Edgware Abbey's activities, the trustees have delegated this responsibility to the Abbess of the community. In 2023, the Trustees reviewed the charity's structure and appointed a Director for the Charity to assist with its day‐to‐day operations. The Director reports directly to the Abbess. The Board of Trustees currently consists of six members, with a maximum of seven allowed, as determined by a resolution of the Trustees. Trustees are appointed for three‐year terms and may be reappointed if deemed competent (subject to clause 2). When appointing a new Trustee, the proposal is made during a Trustees' meeting, followed by discussion. The nominee is then proposed, seconded, and elected by a show of hands, requiring a simple majority. The solicitor is notified of the proposed change, and a Deed of Appointment is created and signed by the existing Trustees. The Superior (the Abbess) of the Community of St Mary at the Cross must always serve as a Trustee, provided they are competent to do so. Additionally, at least a majority of the Trustees must be members of the Church of England or a church in communion with the Church of England.

New trustees undergo an induction process, which includes a series of meetings and discussions, along with the provision of essential information about the Trust. This ensures they understand the Trust's work and the challenges it faces. If necessary, further training is provided to new trustees, including any specific requirements they may have, as well as additional guidance on the Charity Commission's resources for trustees.

Remuneration policy for key management personnel

Edgware Abbey is committed to ensuring that all staff are paid fairly. The Trustees decide the Key Management Personnel salary annually ensuring that the salary is in line with current market value and adjusted accordingly. The salary is set in line with role and responsibilities and maintain a deferential between roles. Overall salary funding is part of the annual budget process, and within that approved budget the Key Management Personnel agree with the board any key payment changes.

7

Edgware Abbey

Trustee’s report (continued)

For the year ended 30 June 2025

Fundraising Standards

In line with our commitment to good governance and best practices, we are proud to adhere to the guidance of the Fundraising Regulator for all of our fundraising activities. We strive to ensure that our fundraising efforts are respectful, transparent, honest, and accountable to the public.

During this period, Edgware Abbey has not employed commercial participators or other professional fundraisers to raise funds on our behalf. We are pleased to report that we did not receive any complaints related to our fundraising activities. The fundraising events organized during this period are detailed in the section Events of the Year

Statement of responsibilities of the trustees

The trustees are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of

resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

Sayer Vincent LLP is the appointed auditor of the Edgware Abbey.

Approved by the trustees on 27 April 2026 and signed on their behalf by

M H Zelent Rt. Revd. P. W. Wheatley Mother Abbess Trustee

8

Edgware Abbey

Independent auditor’s report

For the year ended 30 June 2025

Independent auditor’s report to the members of Edgware Abbey

Opinion

We have audited the financial statements of Edgware Abbey (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Edgware Abbey's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

9

Edgware Abbey

Independent auditor’s report

For the year ended 30 June 2025

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non‐compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non‐compliance with laws and regulations, our procedures included the following:

10

Edgware Abbey

Independent auditor’s report

For the year ended 30 June 2025

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non‐compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non‐compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's trustees as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

28 April 2026

Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

11

COMMUNITY OF ST MARY AT THE CROSS Statement of Financial Activities for the Year Ended 30 June 2025

(Incorporating the Income and Expenditure account)

Edgware Abbey Registered number: 209261

Note
Income from:
Donations and legacies
2
Charitable activities
Care home
Convent
Investments
Dividends
Interest
Total income
Expenditure on:
Raising funds
3
Charitable activities
Care home
3
Convent
3
Total expenditure
Net (expenditure)
(Loss)/gain on sale of investments
Gain on revaluation of investments
Net movement in funds
Reconciliation of:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Restricted
Total
Total
funds
funds
2025
2024
£
£
£
£
24,836
73,869
98,705
59,941
2,280,205
-
2,280,205
2,302,455
8,926
-
8,926
8,702
147,988
-
147,988
391,883
133,034
-
133,034
34,142
2,594,989
73,869
2,668,858
2,797,123
32,723
-
32,723
32,352
2,849,499
8,567
2,858,066
3,231,121
275,086
-
275,086
277,574
3,157,308
8,567
3,165,875
3,541,047
(562,319)
65,302
(497,017)
(743,924)
(320,455)
-
(320,455)
754,166
162,314
-
162,314
118,061
(720,460)
65,302
(655,158)
128,303
16,162,213
23,170
16,185,383
16,057,080
15,441,753
88,472
15,530,225
16,185,383

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the year ended 30 June 2025 is shown in note 14.

The notes of pages 17 to 26 form part of these financial statements.

12

COMMUNITY OF ST MARY AT THE CROSS Balance Sheet as at 30 June 2025

Edgware Abbey Registered number: 209261

Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Short term deposits
Cash at bank
Liabilities
Creditors falling due in less
than one year
12
Net current assets
Net assets
Total funds of the charity:
Restricted funds
Unrestricted income funds:
Designated funds
14
Unrestricted funds
14
Total charity funds
Note		 £
£
4,778,280
10,661,692
15,439,972
168,674
-
146,974
315,648
(225,395)
90,253
15,530,225
88,472
496,149
14,945,604
15,441,753
15,530,225
2025		 £
£
4,831,178
11,145,641
15,976,819
94,505
53,756
250,623
398,884
(190,320)
208,564
16,185,383
23,170
816,604
15,345,609
16,162,213
16,185,383
2024		 £
£
4,831,178
11,145,641
15,976,819
94,505
53,756
250,623
398,884
(190,320)
208,564
16,185,383
23,170
816,604
15,345,609
16,162,213
16,185,383
2024
16,185,383

The financial statements were approved by the trustees, and authorised for issue on 27 April 2026 and signed on their behalf by:

M H Zelent Mother Abbess

Rt. Revd. P. W Wheatley Trustee

13

COMMUNITY OF ST MARY AT THE CROSS Statement of Cash Flows for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

Edgware Abbey Registered number: 209261
2025 2024
£ £
Cash flow from operating activities
Net cash flow from operating activities (see below) (737,974) (911,678)
Cash flow from investing activities
Dividends, interest and rent from investments 281,022 426,025
Purchase of fixed assets (26,261) (81,370)
Proceeds from sale of investments 3,128,986 14,064,980
Movements on cash in investments 126,409 (110,891)
Purchase of investments (2,929,587) (13,417,814)
Net cash provided by investing activities 580,569 880,930
Change in cash and cash equivalents (157,405) (30,748)
Cash & Cash equivalents at the beginning of the year 304,379 335,127
Total cash & cash equivalents at the end of the year 146,974 304,379
Cash and cash equivalents at end of year comprise:
Short term deposits
Short term deposits - 53,756
Cash at bank and in hand 146,974 250,623
146,974 304,379
Statement of Net Debt At 1 April At 31 March
2024 Cash flows 2025
£ £ £
Short term deposits 53,756 (53,756) -
Cash at bank and in hand 250,623 (103,649) 146,974
304,379 (157,405) 146,974
Reconciliation of net movements in funds to net cash flow from operating activities
Net (expenditure)/income for the year per Statement of Financial Activities (655,158) 128,303
Adjustment for:
Depreciation charges 79,159 81,193
Losses/(gains) on investments 158,141 (872,227)
Dividends, interest and rents from investments (281,022) (426,025)
Increase in creditors 35,075 104,710
(Increase)/decrease in debtors (74,169) 72,368
(737,974) (911,678)

14

COMMUNITY OF ST MARY AT THE CROSS Statement of Financial Activities for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

Care home income and expenditure

Care home income and expenditure
Income
Interest
Fees Receivable
Donations and grants
Other
Expenses
Staff costs
Other staff costs
Professional services
Accountancy
Allocation of governance costs (note 3)
Inspection fees
Light and heat
Medicals
Repairs and renewals
Office costs
Catering
General expenses
Depreciation on freehold property
Depreciation on fixtures, fittings and equipment
Depreciation on ambulance and minibus
(Deficit) for the year		 2025
£
1,333
2,280,205
9,000
-
2,290,538
2,143,099
23,034
58,678
30,098
8,000
17,220
56,955
23,234
152,197
49,896
230,202
28,105
18,077
19,100
171
2,858,066
(567,528)		 2024
£
1,898
2,238,258
-
64,197
2,304,353
2,356,476
21,643
34,765
37,201
16,598
11,301
59,096
53,471
184,220
45,597
208,882
159,494
18,077
24,072
228
3,231,121
(926,768)

15

COMMUNITY OF ST MARY AT THE CROSS Statement of Financial Activities for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

Convent income and expenditure

Income
Investment Income
Interest
DSS Pension and Benefits
Donations
Expenses
Staff costs
Rates and water
Insurance
Legal and professional
Light and heat
Chapel expenditure
Repairs and maintenance
Catering
Housekeeping
Medical costs
Clothes
Donation paid
Courses and conference
Printing and postage and stationery
Telephone and fax
Website design and computer expenses
Motor expenses
Accountancy
Allocation of governance cost (Note 3)
Bank charges
Exchange rate difference
Depreciation on freehold property
Depreciation on fixtures, fittings and equipment
Depreciation on ambulance and minibus
Cost of generating funds:
Investment managers fees
Allocation of governance cost (Note 3)
Gain on Revaluation of Investments
(Loss)/Gain on Sale of Investments
Total expenditure for Convent
Surplus/(Deficit) for the year		 2025
£
147,988
131,701
8,926
89,705
378,320
26,631
1,789
64,080
50
15,382
2,675
44,617
2,230
1,343
758
586
8,806
2,847
933
6,372
6,162
13,661
30,098
2,090
147
2,018
22,988
13,554
5,269
275,086
32,723
-
(162,314)
320,455
307,809
(87,630)		 2024
£
391,883
32,244
8,702
59,941
492,770
-
16,471
71,483
6,533
12,150
3,562
60,255
2,972
440
1,095
238
7,975
1,634
1,497
5,321
3,182
7,954
34,588
1,679
183
(454)
22,988
8,803
7,025
277,574
31,979
373
(754,166)
(118,061)
309,926
1,055,071

16

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

1 Accounting policies

a) General Information

Community of St Mary at the Cross is an unincorporated charity registered with the Charity Commission in England and Wales. The Charity registration number is 209261. Its registered office and principal place of business is Edgware Abbey, 94A Priority Field Drive, Edgware, Middlesex, HA8 9PU.

b) Basis of preparation of financial statements

These accounts have been prepared for the year ended 30 June 2025.

The accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)”, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland (‘FRS’ 102)’ and the Charities Act 2011.

The financial statements have been prepared to give us a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair view”. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from April 2005 which has since been withdrawn”.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared in sterling which is the functional currency of the Charity and rounded to the nearest £.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

c) Critical accounting estimates and areas of judgement

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies.

The following principal accounting policies have been applied:

d) Assessment of Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of at least one year from the date of approval of these financial statements.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

d) Income

Income is recognised in the period in which the charity is entitled to receipt, the amount can be measured reliably, and it is probable that income will be received. Income comprises donations, including gifts in kind, grants, income from trading activities and interest receivable.

17

COMMUNITY OF ST MARY AT THE CROSS Notes to the Financial Statements for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

d) Income continued

Donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period.

Gifts-in-kind, donated services and free materials are secured by the charity from artists and supporting companies for the beneficiaries. After they are distributed to the beneficiaries, they are brought into the financial statements as income and expenditure at an estimate of their value to the charity.

Grants from trusts are credited to income when the charity has both confirmation of the amount and entitlement to the income. In the event of grants confirmed but not received, the amount is accrued for where the receipt is considered probable.

Income from trading activities, being monies received from grant application writing fees, is credited to the statement of financial activities when receivable and the amount can be measured reliably by the charity.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Restricted funds are monies raised for their use restricted to a specific purpose, as stipulated by the donor. Expenditure which meets these criteria is charged to the appropriate fund.

g) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings.

Expenditure comprises the following:

Support costs, including governance costs, are allocated between the expenditure categories on a basis designed to reflect the use of the resource.

18

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025

Edgware Abbey Registered number: 209261

g) Expenditure recognition (continued)

Governance costs include those associated with meeting the constitutional and statutory requirements of the charity —for instance, the independent examiner / audit fees and costs linked to the strategic management of the charity.

h) Tangible fixed assets

Assets costing £500 or more with an expected useful life of more than one year are capitalised.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

i) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

j) Debtors

Debtors are recognised at the settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

k) Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

m) Creditors and provisions

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

n) Pension

Auto-enrolment for pensions is held the scheme with a company called Smart Pension (Market Rated) and pay government minimum 3%. The employees have an opt out period of 8 or 12 weeks before their own contribution % is taken – this is reflected in their payroll at the end of the opt out period by a larger deduction to the pension scheme.

19

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

2 Donations and legacies

2 Donations and legacies
Donations Total
funds 2025
£
98,705
98,705		 Total funds
2024
£
59,941
59,941

Within donations for 2025, £73,869 (2024: £30,000) was restricted and £24,836 (2024: £29,941) was unrestricted.

3 Analysis of expenditure

2025
Staff cost
Other staff costs
Investment manager’s fees
Legal and professional
Auditor’s remuneration
Accountancy
Repairs and maintenance
Rates
Depreciation
Office costs
Housekeeping
Gifts and donations
Travel and motor expenses
Catering
Other expenses
Light and heat
Bank charges
Medical expenses
Governance costs
Total expenditure 2025
Total expenditure 2024		 Cost of
raising funds
Convent
Care Home Governance
Costs
2025 Total
£
£
£
£
£
-
26,631
2,143,099
-
2,169,730
-
-
23,034
-
23,034
32,723
-
-
-
32,723
-
50
75,898
-
75,948
-
-
-
10,090
10,090
-
30,098
30,098
-
60,196
-
44,617
152,197
-
196,814
-
1,789
9,261
-
11,050
-
41,811
37,348
-
79,159
-
80,394
31,745
-
112,139
-
1,343
8,890
-
10,233
-
8,806
4
-
8,810
-
13,661
4,298
-
17,959
-
2,230
230,202
-
232,432
-
5,279
23,694
-
28,973
-
15,382
56,955
-
72,337
-
147
109
-
256
-
758
23,234
-
23,992
Charitable Activities
32,723
272,996
2,850,066
10,090
3,165,875
-
2,090
8,000
(10,090)
-
32,723
275,086
2,858,066
-
3,165,875
32,352
277,574
3,231,121
-
3,541,047

20

Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

COMMUNITY OF ST MARY AT THE CROSS

Edgware Abbey Registered number: 209261

3 Analysis of expenditure (continued)

2024
Staff cost
Other staff costs
Investment manager’s fees
Legal and professional
Auditor’s remuneration
Accountancy
Repairs and maintenance
Rates
Depreciation
Office costs
Housekeeping
Gifts and donations
Travel and motor expenses
Catering
Other expenses
Light and heat
Bank charges
Medical expenses
Governance costs
Total expenditure 2024
Total expenditure 2023		 Cost of
raising funds
£
-
-
31,979
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Convent
Care Home Governance
Costs
2024 Total
£
£
£
£
-
2,356,476
-
2,356,476
-
21,643
-
21,643
-
-
-
31,979
6,533
46,066
-
52,599
-
-
18,650
18,650
34,588
37,201
-
71,789
60,255
184,220
-
244,475
16,471
-
-
16,471
38,816
42,377
-
81,193
83,117
45,597
-
128,714
440
15,982
-
16,422
7,975
-
-
7,975
7,954
2,112
-
10,066
2,972
208,882
-
211,854
3,346
141,278
-
144,624
12,150
59,096
-
71,246
183
122
-
305
1,095
53,471
-
54,566
Charitable Activities
31,979
275,895
3,214,523
18,650
3,541,047
373
1,679
16,598
(18,650)
-
32,352
277,574
3,231,121
-
3,541,047
54,139
207,537
2,642,360
-
2,904,036

21

COMMUNITY OF ST MARY AT THE CROSS Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

4 Net expenditure for the year

This stated after charging / (crediting)

Depreciation
Auditor's remuneration (excluding VAT)
Audit
Under
‐
provision of prior year audit fees
5 Staff costs during the year
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Agency staff costs		 2025
£
79,159
10,090
-
2025
£
1,727,513
185,854
36,609
219,754
2,169,730		 2024
£
81,193
11,750
6,900
2024
£
1,649,103
157,321
39,130
510,922
2,356,476

One employee received emoluments between £60,000 and £69,999 during the year (2024: two employees). One employee received emoluments between £70,000 and £79,999 during the year (2024: one employee).

One employee received emoluments between £80,000 and £89,999 during the year (2024: no employees).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £121,050 (2024: £92,778).

The charity trustees were not paid nor received any other benefits from employment with the charity in the year (2024: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £Nil).

During the year, one trustee (2024: none) received expenses of £300 relating to travel, subsistence and catering.

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 52

Staff are split across the activities of the charity as follows:

Care Home 2025
No.
52
52		 2024
No.
48
48

22

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

7 Related party transactions

During the year, there was an amount donated to the charity of £Nil (2024: £30,000) by Rachel Collins, Ruth McFadven and Michael Zelent, close family members of Mother Abbess. This amount was restricted for the purpose of the Rest fund. At the reporting date the amount outstanding is £Nil (2024: £Nil).

8 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Tangible fixed assets

Cost
As at 01 July 2024
Additions in year
As at 30 June 2025
Depreciation
As at 01 July 2024
Charge for the year
As at 30 June 2025
Net book value
As at 30 June 2025
As at 30 June 2024		 Freehold
property
£
5,028,466
-
5,028,466
355,773
37,736
393,509
4,634,957
4,672,693		 Freehold
property
improvements
£
66,583
-
66,583
6,658
3,329
9,987
56,596
59,925		 Fixtures
fittings &
equipment
£
273,957
26,261
300,218
197,158
32,654
229,812
70,406
76,799		 Motor
vehicles
£
78,545
-
78,545
56,784
5,440
62,224
16,321
21,761		 Total
£
5,447,551
26,261
5,473,812
616,373
79,159
695,532
4,778,280
4,831,178

Land with a value of £1,225,000 (2024: £1,225,000) is included within freehold property and not depreciated.

The freehold property, other than the property in Bognor Regis, was externally valued at 30 June 2015 by Reeves & Partners, Chartered Surveyors. The Care home and the Nuns accommodation and retreat house were valued at market value, which is now considered to be the historic costs. The chapel and cloister were valued at depreciated replacement cost. No revaluation is undertaken.

All of the above assets are used for charitable purposes.

23

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

Fair value at the start of the year
Additions at cost
Accrued interest
Disposal proceeds
Net (losses)/gain on change in fair value
Cash held by investment broker pending reinvestment
Fair value at the end of the year
Historic cost at the end of the year
Investment comprise:
Shares listed on the London Stock Exchange
Cash
11 Debtors
Trade debtors
Other debtors
Prepayments
Accrued income
12 Creditors amounts falling due within one year
Trade creditors
Tax and social security
Accruals
Other creditors		 2025
£
10,980,087
2,929,587
-
(3,128,986)
(158,141)		 2024
£
10,755,026
13,390,307
27,507
(14,064,980)
872,227
10,622,547
39,145		 10,980,087
165,554
10,661,692 11,145,641
9,830,561 10,163,483
2025
£
10,622,547
39,145		 2024
£
10,980,087
165,554
10,661,692 11,145,641
2025
£
789
-
32,955
134,930		 2024
£
947
200
15,524
77,834
168,674 94,505
2025
£
106,539
63,164
36,095
19,597		 2024
£
104,337
48,241
24,090
13,652
225,395 190,320

24

COMMUNITY OF ST MARY AT THE CROSS Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

13 Analysis of net assets between funds

2025
Tangible fixed assets
Investments
Net currents assets
Net assets at 30 June 2025
2024
Tangible fixed assets
Investments
Net currents assets
Net assets at 30 June 2024
14 Movements in funds
2025
Restricted fund
Rest fund
At the end of the year
Revaluation reserve
General funds
Total unrestricted funds
Total funds
2024
Restricted fund
Rest fund
At the end of the year
Revaluation reserve
General funds
Total unrestricted funds
Total funds		 At 1 July
2024
£
23,170		 Restricted
£
-
-
88,472		 Revaluation
reserve
£
-
496,149
-
General
unrestricted
£
4,778,280
10,165,543
1,781
Total funds
£
4,778,280
10,661,692
90,253
88,472 496,149 14,945,604 15,530,225
Restricted
£
-
-
23,170		 Revaluation
reserve
£
-
447,718
-
General
unrestricted
£
4,831,178
10,697,923
185,394
Total funds
£
4,831,178
11,145,641
208,564
23,170 447,718 15,714,495 16,185,383

Income and
gains
£
73,869
Expenditure
and losses
£
(8,567)
Transfer
£
-		 As 30 June
2025
£
88,472
23,170 73,869 (8,567)
 - 88,472
816,604
15,345,609		 -
2,757,303		 (320,455)
(3,157,308)		 -
-		 496,149
14,945,604
16,162,213 2,757,303 (3,477,763) - 15,441,753
16,185,383 2,831,172 (3,486,330) - 15,530,225
At 1 July
2023
£
4,292
Income and
gains
£
30,000
Expenditure
and losses
£
(11,122)
Transfer
£
-		 As 30 June
2024
£
23,170
4,292 30,000 (11,122) - 23,170
(306,448)
16,359,236		 754,166
2,885,184		 -
(3,529,925)		 368,886
(368,886)		 816,604
15,345,609
16,052,788 3,639,350 (3,529,925) - 16,162,213
16,057,080 3,669,350 (3,541,047) - 16,185,383

Purposes of restricted funds

‐

Rest fund – funding to cover members costs for pilgrimage, holiday, retreat, rest and well being.

25

COMMUNITY OF ST MARY AT THE CROSS

Notes to the Financial Statements for the Year Ended 30 June 2025 Cont'd

Edgware Abbey Registered number: 209261

15 Legal status of the charity

The Charity consists of two charities forming part of a charitable association, namely the Community of St Mary at the Cross and the Trust Property. Both are registered with the Charity Commission with the same registration number 209261. The Community of St Mary at the Cross has no income or any assets. All reported income and assets are that of the Trust Property

26