REGISTERED COMPANY NUMBER: 00149542 REGisfERED CH NUMBEIL. 218980 REPORT OF THE TRusfEes AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 sr ANNES CATHOLIC SErrLEMENT (ThE) A tsxnpany l1rnit by guararrtee
sr. ANNE'S CATHOLIC SErrLEMEKr(The) COKTENTS OF ThE FXNANCXAL STATEMElffS for the Year Ended 31 March 2025 Company Inforniatlon ststement of Flnanoal A¢tlvitAes ststemwrt ot F6nandal Posltion Notes to the Flnanclal St•t•m•nts 13 14
sr. ANNE'S cAThouc SErrLEMENr{The) REPORT OF ThE TRusfEES for the Year Ended 31 Marth 2025 The trustees present thelr report and the audited financial ststements for the year ended 31 March 2025. Reference and Administrative Enformation Charity Name '. The St Anne's Cathollc Srtdemert Charity regi5tratlon number '. 218980 Company registration number . 149542 Reglstered Offtce address . 40-46 HarleYf0 Road London SEII SAY J Glnnane L Wall P Wall Rev G Wllson M Ginnane M Cadavld S Ezeoke C Corbett Or A FemarKles - appolnted 19 June 2024,. resigned 22 Aprll 2025 Rev P Moger - appolnted 19 June 2024; resigned 28 February 2025 Chalr Hilary Adams Ltd Chartered Accountsnts 158 High Street Hèrne Bay Kent cr6 5NP Bankers Metro Bank One Southampton Row London WCIB SHA Soll¢ltors Charles Russell Speechtys S Fleet Place London EC4M7RD Page i
sr. ANNE'S CATHOLIC SEfTLE14Errt{Tht) REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 structure, Governance and Management The organ5sation Ss a charftable company limlted by guarantee, Incorporated on 5 February 1918 and registered as a charbty on 10 September 1963. The company was establlshed under a tmst deed and following kncorporation thls became the Memorarbdum arKJ Articles of Association. The Trustees ConnUe to update Its assessment of the major rlsks to whlch the charlty Is exposed, partlcularly in relation to those whith coyld. if they Occued. have a seriou5 impact on Its financial stablllty or operattonal effectlveness and, thus, Its ablllty to dellver Its alms and objecttves. The dlrertors of ihe company are atso tharlty trustees for the purpose5 of thartty law. Regular trustee skllls audits are carrled out to Identfy the resources available wlthln the Commtee and gaps are adsjressed through trainiThJ and by seekltvJ rthv members wtth the requIse experlence. Objects and actlvltles The objectlves of the chaty are to relleve hardshlp among people of all falths and of no falth Ilvlng or working In the present Roman Catholic Archdi0se of Southwark by provldlng such persons wlth support including the provision of community. health and lèarning facdities al resources. In furtherance of the above. la) offeNng resources, SLtpporL gufjdarKe and mentortng servlces to those organlsatfjons (partlcularfy but without limitation) invofved in supporting the vulnerable.. (bl supporknng the work of and developlng doser links vAth the Roman Cathollc Parlsh of St Anne's Vauxhall and the OLtreath work undertaken by It and the Charfty. Provided olways such charitable objertive5 and artivib.es shall be exercised the fvrtheran of and In general accordance wlth the statements of the be16ef aThJ doctrlnes of the Roman Cathollc tradltlon. Artlvltleg The setuement provldes low cost accommodatlon In the Vauxhall Cross area of London to Cathollc charities. Thls enables these charltles, whlch need a local or London base, to contrnue thelr work wlthln the area. The charfjb.es concerned provlde serviw suth as before and after schoo1 Ca for Childrèn, a pre-school nursery and promouon of catholic religKJn through publicaty"ons. A professional firm of syrveyors Is retained tcs manage the propertles concemed. By provlslon of this accommodauon to other charltles the Settlement dlscharyes Its own charfjtsble objective. Page 2
sr. Af4NE'S CATHOLIC SErrLEMENT(THE) REPORT OF THE TRusreES the Y•ar Ended 31 March 2025 AchF•vements The dirertors have throughoLtt the course of the last year Contrnl to ensure that the property offers both affordable accommodation to charltles and a19) prOdeS a fadllty for chariknes to ub.lise in order to help them deliver se1$ effettlvely. The office accommodation oifers a base to three core tharltles that provlde muth needed serylces In the Dl¢xese of Southwark and beyond. spa has also been provlded for the delivery of pre and p05t sdwl hour dubs for¢hildren whose parents need child care either before or after scfK)ol hours. The hall Is heavlly utlllsed by the Laun Amerl¢an communlty for prayer meettngs, chlldren s gmups, Community groups and classes in literacy. In adtlrfclon. it Is used by other cathollc groups, local groups and for communlty fijnctions. The Charfty has contlnued to offer finantial support the provlder of pre and post school see5 to chlldren In the providing a safe and secure erbvironment for them to continLte to leam and to be cared A large perntsge of the dirertors. time has been taken up with attemptirvJ to secure the redeveWmw7t of the sste. A planning application was UnsucSSful as was a subsequent appeal. As a resu of thls decislon, the Settlernent wll AOW effect plans to rehouse tts core charfties and prepare to sell Sts property assets as and when market condltions allow. This wÈll permfc it to move to an alternative set of harltsble a¢Uvlties In Ilne wlth its core objectlves. Flnanclal revlew Results for the ear The net decrease In fvnds for the year amounted to £459,484 {2024 increase £34,904}. This figufe indudes Investment Income of £31,263 12024 £33.454). and totsl investment gains of £3.567 12024 losses £1,553). These results are as èxpected. Inv tment oli The main investment assets of the Challty are the buildlngs themselves whth continue to need 51gnificant level of aitention. The main investment objective of the Chartty Is to malntaln the condltlon of the buildings to ensure they maintain their value and rna1n fit for purpose. The designated fund. which the Charlty has set aside over the years forthls spedftc purpose, Is now being used to make the necessary improvernents. Over and above the desigrwted fvnd the Charity considers that it has sufficnt resources for unplanned works to be undertaken should the need arfse. The balance on unre51rlrted furKls at 31 March 2025 was £3,434,696 {2024 £3,894,180) The Char aims to malntaln adequate reserves to ensu the contlnued provlslon of Its charltable servlces. Charfty has set aside an amount of the reserves to fund futuTr rèpairs to the buildings owned by the Charfty, detsils of which are set OLrt In note 13 to the Ffjnanclal Ststements. Page 3
sr. A1414E'S CAThOLIC SErrLEMENf(ThE) REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 Trustees The trustees shown below have hekl office during the wIMe ofthe perlod from l Aprll 2024 to the date of this report. J L D Glnnane PMDWall LAWall M Glnnane Rev G Wi150n M Cadavld S Ezeoke C Corbett srATEMENf OF DIREcfoRS' RespoNSIBILmES The dlrettors a responsible for preparing the Report of the Directors and the flnancial Statements in accordance wlth applicBble law and regulatlons. Company law requlres the dlrectors tt> prepare finanoal statements for eath finantial year. Under that laby the dirett¢rs have elected to prepare the finanaal ststements in accordance with United Klngdom Generally Accepted Accounting Pracbce (United Kingdom Accounting Stsndards and applicable law}. Under company law the directors must not appmve the financial ststements unless they are sab"sfied that they give a true and fair viev4 of the state of affvirs of the company and of the surplu5 or defictt of the company for that period. In preparing these finanoal *aterrents. the dirertOT5 are required to= selert sultable accountln9 polioes and th appty them con5tstentty; make Judgements and accountSng estsmates that a wsonable and prudent,. prepare the financial Statennts on the golng concern basis unless St Is Inapproprlate to presume that the company wlll conunue In buslness. The director5 are responsible for keeping adequate accounting recon1s that are 9Jffident to show and explaln the company's transattlons and dlsdose wth reasonable accurary at arry tlme the financfial posldon of the company and enable them to ensure that the finanoal statements comply wrth the Companies Att 2006. They are also responsible for safeguardlng the assets of the cofflpany and heft for tskirtg reasonable steps for the preventlon and detection of fraud and other irregularitres. Thls report has been prepared In accordan with the Ststement of Recommended Prartice.. Accounting and Reportlng by Charftles (Issued In March 2005) and In accordan wlth the 5pedal provislons of Part Vll of the Companies Act 1985 relating to small entibes. ON BEHALF OP ThE OOARD: J L D Glnnane - Dirertor Date.. 1.12.125....... Page 4
sr ANNE'S CATHOLIC SErrLEMENT (THE) STATEMENT OF FINANCIAL ACTivrrIES (Includlng Income and Expendlture Account) for the Year Ended 31 MarL 2025 Totsl Funds 2025 Totsl Furyds 2024 Funds 2025 Funds 2025 Xncornlng resources: Voluntary inu)me-. Donations & legacies Inve5trnent income Athvits for generaknng tutsJs: Fundra15ing Income I1ornIng resources frnm ¢h•rlt•ble •thl¢fjes: Rents Grants 1,550 31.263 1,550 31,263 2,940 33.454 147.639 147,639 98,123 Total Incomlry regources Rewr e¥pendeJ Costs of generatlng fund$: Charltable •ctl¥lt 643,503 643,503 98,060 Totsl r•sourcts expended srATEI4ENT OF TOTAL RECOGNISED GAINS AND LOSSES Net Incomlng resour¢es l>el•re other r•¢ogni5•d galns (net Income for the yew) (463,051) (463.051) 36,457 Other recognlsed 9ains Gainlllossl on valUation of invesfftnES 3,567 3.567 {1,5531 Gain on ValuatiOn of inve5tsnent property Nat nmiement In funds (459.484) (459.484) 34,904 Total fijnds bfought fOard 3.894,180 3,894.180 3,859,276 Totsl lunds fon¥ard 13 3 434 696 3 894 180 Movernents In fijnds a disdosed in Plrte 13 to the finanoal SlatemlS. The notes form part of these financial statements Page 5
ST. ANNE'S CATHOLIC SErrLEMENT(THE) {REGIsfERED NUMBEL. 00149S42) srATEMEKf OF FINANCIAL posmoN 31 March 2025 31.3.25 31.3.24 Notes FIXED ASSErs Tangiblè assets Investments Investment property 87,053 83,486 3 068 000 io 3.155,053 3,151,486 CURRENT ASSETS Debtor5 Cash at bank and in hand li 6,480 279 600 3,882 747 951 286,080 751.833 CREDITORS Amounts Pdlllng due wlthin one year 12 14ET CURRENT ASSErs 742 694 TOTAL ASSEfs LESS CURRENT 3 434 696 3 894 180 FUNDS ilnr¢str6¢ted fvnts Designated funds Revaluauon reserye Inctsme and expenditure account 100,(KK¥ 3,017,922 550,000 3,017,922 13 3 434 696 3 894 180 The company is entiued to exemption from audit under Secyon 4n ofthe Companles Att 2006 for the year ended 31 M4rch 2025. The members have not required the company to obtain an audit of ts financial statements for th¢ year ended 31 March 2025 in accordance with Section 476 of the Companles Act 2006. The dlrectors acknowledge thelr responslbllStfjes for: lal ensLtrtng that the company keeps accounttng records whlth Comply wtth Sertlons 386 and 387 of the Companies Art 2006 and Ib) preparing financial statements whlch give a true and fair vlèw of the *ate of affairs of the company as at the end of eath financial yeor and of its surplu5 or deficit for each finanoal year in accordance with the requlrements of Secuons 394 and 395 and whlth otherwlse comply wlth the requlrements of the Companles Art 2006 relatlng to flnancial statements. so far as applicable to the company. The flnanclal ststements have been prepared In accordan wtth the pmvlslons of Sectlon IA"Small EntlUes- of Finandal Reportlng Standard 102 Yhe nandal RePOtng Standard appllcable In the UK and Republic of Ireland- and the Companies Art 2006. The finandal statements were approved by the Board of Directors on nd were slgned on Its be J L D Glnnane - Dlrertor The notes fvmi part of these finanual ststements Page 6
sr. ANNE'S CATHOLIC SErrLEME14T(ThE) NOTES TO THE FIPIANCZAL STATEME14TS lor the Year Ended 31 14arth 2025 rATUTORY 114FORMATION st. Anne's CatholSc SettlementUhe) is a prfvate company, Ilmlted by guarantee. regIsted In England and Wales. The company's reglstered number and registered office addre55 can be found on the Company Informatron page. ACCOUt4TING pouaES Basis of preparlng the flnanclal statements These finanual stètements have been prepared in accordance with the provisions of Section IA'Small Entities" ol Finandal Reporting Stsndard 102 Yhe Flnanoal Reporung Standard appllcable In the UK and Republlc of Ireland" and the Comparsles Act 2006. The finanual ststements have been prepared under the historical cost convention as modlfled by the revaluatlon of certaln assets. Financial Reporting Standard Number I Exemptlon has been taken from preparing a cash fknw statement on the grounds that the company qualifies as a small company. Turnover Tumover represents rents and donatlons reIved. Tangible fLYed ats Depreciation Is provlded at the followlng annual rates In order to wrfjte off eath asset over Its estlmated LFseful life. Plant and machlnery etc 33% on cost. 20% on cost Investment propeity Investment property Is shown at rTh)st recent ValuaOn. Any aggregate surplus or defldt arlslng from changes in market value is transferred to a revaluation resee. Deferred tax Defeffed tax Is recognlsed In respett of all tlmong dlfferences that have orfglnated but not reversed at the balonce sheet date. Fund accounting Unrestrfjcted funds are avallable for use at the dtscretfjon of the trustees In furtherance of the general objectlvities of the charity. Designated ftjnds are unrestrfrted hjnds earn)arked by the Management Committee for particular purposes. Restrirted funds are subjerted to restricbons on theÈr expendlture Imposed by the donor or throu9h the terms of an appeal. All Incoming resources are Included in the statement of financial actlvttles when the charlty Is entrcled to the Income and the amount (an be quantified with wsonable acojracy. The following spedflc policies are applled to paTUcular categortes of Inco. Rents are recognlsed when receivable. Donations are recognised when received: In¥estrrent income Is Induded when recdvable. R•sources eXnded Expenditure is recognised on an accruals bags as a liabillty is Incurred. Expendliure indudes VAT and is reported as part of the expenditure to whlch st rdates: Costs of generaung fvnds comprfse the costs assodated wth both the costs of attrattlng the incorne and those of providing the tdciltbes to generate the income. Charitable expenditure comprises those c95ts incurred by the tharty in the delivery of its attlvltles and serylces for Its benefldames. It IndLtdes both costs that can be allocated dlrecty to such acti¥tEe5 and those costs of an indirett nature necessary t9 5UPPOrt them. Governan costs Indude those costs assooated with meeting the constitubonal and statutory requirements of the thority Jrbd include the audlt fees and costs linked to the Strategi manaoement of the charlty. Page 7 cortlnued...
ST A14NE'S CATHOLIC SErnEMENT (THE) NOTES TO THE FINANCIAL SfATEMENTS- corthued for the Year Ended 31 Marth 2025 TOTAL RESOURCES EXPENDED 2025 Total 2024 Totsl Costs dlr•ctlv allocated to a¢tlvltle8 £)onations EstablishMt costs Dirert 64.216 96.374 7,2 473,633 1,980 64,216 96.374 7,2(K) 473.633 1,980 26,227 35.101 7,200 27,502 1,980 Dirett Agents cornmission Professic>rTral Accountancy rh'rett Direct Direct Support costs allocated to a¢tlvltlés Lage iTrJ Total vesourc expended 643,503 643,503 98,(0 D&tH)n$ represent rent free Spa grantsj to t*0 kxal Cathdlc charities. Page 8 continued...
ST. ANNE'S CATHOLIC SEmEMENT{The) NOTES TO ThE FINANCIAL sfATEMENTS- (•Trtinyed for the Yr Ended 31 March 2025 OPERATING SURPLUS The operating Sufplus ts stated after dwrglrtg: 31.3.25 31.3.24 Indepèndent Examlners. remuneratlon Dlrertors. remuneratron and other benefits etc REVALUATION OF INVESTMErirs 31.3.25 31.3.24 surplu110$$I adjusted TRusfEES' REMUNERATIOPI AND BENEFITS There were no trustees. remuneration or other benefits fgr the year erKled 31 March 2025 or for the year ended 31 March 2024. There were no trustees, expenses paid fr•r the yr ended 31 Marth 2025 or for the year ended 31 March 2024. TAXATION As a charlty, St Anne's Catholic Settjement is exempt from tax on incorne and galns falllng wlthln sertion 505 Of the Taxes Art 1988 or $256 of the TaxatTron of Chargeable Gains Ad 1992 to the extent that these are apploed to Its drble objects. No tsx a)rge$ have arlsen In the Chadty. TANGIBLe FIXEO Assrrs Plant and machlnery etc At l Aprfl 2024 and 31 March 2025 DEPRECIATION At l April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2024 and 31 March 2025 Page 9 contlnued...
ST. ANNe's CAThOLXC SEmEMENT(THE) OTES TO THE FINANCIAL STATEMEP4TS - contlnued for the Year Ended 31 Marth 2025 VIXeD ASSET INVESTMENTS Other Investments COST OR VALLIATXON At l Aprll 2024 Revaluati0ft5 83,486 At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 C05t or valuatlon at 31 March 2025 is represented by: other Investments Valujtlon in earlier year5 Valuatlon In current year Cost 46.483 3,567 If fixed asset Investments had not been revalued tlw wtyjld have been included at the followlng hlstorScal cost: 31.3.25 31.3.24 Cost Fixed asset investmerts We valued on an open market basLs on 31 March 2025 by Hays Maclntyre Chartered Accountsnts. 10. INvesrMENT PROPERTY Total FAIR VALUE At l Aprll 2024 Revaluatlons 3,068,000 At 31 Marth 2025 NEf BOOK VALUE At 31 March 2025 At 31 Marth 2024 3 068 000 Fair value at 31 March 2025 Is represented by.. Valuatlon ifi 2025 Cost 3,017.921 3 068 000 Page 10 continLEed...
sr. ANNE'S CATHOUC SErrLEMENT(ThE) NOTES TO THE FINAP4CIAL sfATEMENTS- continued for the Year Ended 31 Marth 2025 10. XNVEsfMENT PROPERTY {¢ont) If Investment propetty had not been revalued It would have been Induded at the followlng h4Storlca cost: 31.3.25 31.3.24 Investment property was valued on an open market basls on 31 Marth 2021 by Unlon Street Partners Estate Agents. 11. DEBTORS: AfvIOUPS FALLING DUE WZTMIN ONE YEAR 31.3.25 31.3.24 other debtors 12. CREDtfoRS: AMOU14TS FALU14G DiIE WrnIIN ONE YEAR 31.3.25 31.3.24 Other credltors Transferg 13. MOVEMENT IN FUNDS At 1.4.24 in funds funds At 31.3.25 Unrestrfcted Funds Income & Expendlture Account 326,258 (459,484) 450,000 316,774 Revaluation Reserve 3.017.922 3.017,922 Designatet1 Funds 550,0ty) (450.0001 loo,000 TryfAL FUNDS 3 894 180 3 434 696 Net m0vernpt In funds, induded In the above are as folk)w5: Incoming Movement In funds Revaluation Unrestrirted funds Income & Expenditure Account 180,452 (643,S03} 3.567 1459,4841 Revaluatlon Reserve Deslgnated Funds Page 11 contrnued.
sr. ANNE'S CATHOLIC SErrLEMENT(ThE) NOTES TO THE FINANCIAL sfATEMENTS - contlnued for the Year Ended 31 March 2025 13. MOVEMENT IN FUNDS (cont) Purposes of funds Revaluation reserve The waluatlon reseNe contaons the unreallsed SLbrplus on the revaluatlon of the Investment assets. Desl9nated funds The designated fund contsins the funds whlth have been Set aslde by the trustee5 for future major repalrs. Pa9e 12
CHARTERED AccouKfApifs' INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIREcfoRS ON ThE UNAUDTTED FINANCIAL STATEMENTS OF sr. AP414E'S CATHOLIC SErnEMENT(THE) We report on the accounts ofthe ¢OFnpany frtrr the year ded 31 Marth 2025. whlch are set out on pages 5 tts 12. Respectlve responslbllltl•s of trusteu and exam5n•r The tnjstees {who are also the dirertors of the company forthe purposes of company law) are responslble for the pparaty0n of the accounts. The trustees consider that an audlt Ss not requSred for thls year under section 144 of the Charities Att 2011 (the 2011 Act} and that an independent exarninatn is needed. Having satisfied ourselves that the charity Is not subject to audlt under company law and Is eliglble for Independent examination. it 15 our responsibility to= examlne the accounts under secuon 145 of the 2011 Att,. to follow the prOdreS lald down In the general Dirertions glven by the Charity Commlsslon under sertion 145151{b} of the 2011 Art; and to state whether particular matters have come to our attention. Basls of Independent examlnerfs report Our examlnation was carried out In accordance wlth the general Dlrertlons glven by the Chat1ty Commlsslon. An examlnatSon Sncludes a reveW of the acco*Jntlng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideratton of any unusual item5 or disdosures in the accounts, and seekln9 explanations from you as trustees concernlng any such matters. The prod undertaken do not provSde all the evidence that would be required in an audit and consequently no opinion is glven as to whether the accounts present a Irue and fair view. and the report Is Ilmlted to those matters Set out In the statement below. Independent •xamFnerfs statement In connectlon wlth our examination, no matter has come to our attention.. (l) which gives us reasonable cause to believe that in any material respert the requirements.. to keep accountfing records In accordance wlth sect 386 of the Companles Att 2006,. and to prepare accounts whlch accord wlth the accounung records. comply wth the accountlng requirements of section 396 of the Companiés Art 2006 and with the methods and prlnciples of the Ststement of Recommended Prartice.. AccountSng and Reportlng by Charjties have not been met,. or (21 to whlch, In our oplnlon, attentlon shwld be drawn In order to enable a proper understanding of the accounts to be reathed. Hllary Adams Ltd Chartered Accountants 158 High street Herne Bay Kent CT6 5NP Date.. Thls page does not ft>rm part of the statutory llnandal statements Page 13
st. Anne's Catholic SettlemeTrt{The) Income al ExPendIre Account For The Year Ended 31 March 2025 2025 2024 TURNOVER Rental income Service charges Donation 68.150 79.489 1.550 67,330 30,793 149,189 101,063 Adminigtrative expengeg Rates ght and heat Cleaning & rubbtsh collectlon Repalrs Instjrance Donations Accountancy fees Agents commission Professjonal fees Bank charges Sundry expenses 4,230 44,500 8,848 35,231 3.565 64.216 1.980 7,200 473,633 2S 75 4,071 14,593 9,245 3,794 3.398 26.227 1,980 7,200 27,502 50 643,503 98,060 OPERATING SURPLUS/(DEFxcrr) 494 314 Amounts wr6tien off Investrr*nts 3.567 3.567 other Int•r•st r1vab and similar income Bank Interest ¢e1¥ab]e other ftxed a55et inv - UnFll 26.103 5.160 27,978 5.476 31,263 33,454 SURPLUS/(DeFICIT) FOR ThE FINANCIAL YEAR Page 14