CharSty numbers.. 221594 & SC03894B The Society of St Colvmban for Foreign Missions Trvstees, report ond linanElol statement5 For the yeor ended 31 Morch 2025 rfIDAINS > AUC>IT rhe Soclety of St Columbon for Forelgn Mlsslon$ Conténts Poge Aeferènte and Admlni$trative Dotalls of the Chority. its Trustees and Advlsers Trustees, Aeport Independent Audstoffs Rtport on the Financlol Statements 9-12 Siutemeni of Finontial Activittes 13 8alanc• SheÈt 14 Stotèment of Cgsh Flows 15 Notes to the Flnonclol Statements 16-37 The Society of St Columban for Forelgn Missiorts Reference ond odmlnlstrotive detoils of the Chorlty. its Trustees ond odvisers For the year ènded 31 March 2025 Trustpes Rev J Boles. Choir Rev D Corter Rev & McDermott Rev P Q'Belrne Chority registered nvmbers 221594 ond SCO38948 Princlpul offlce Widney Manor Road Knowle B95 9AB Indèpendent oudrtor Dains Audit Limited 2 Chumberloin Sovore Porodise 'rmlngham B3 SAX Bonkers Notwest 24 broadgote Coventry West Mldlands CVI INE AS1ied Irish Bonk (Al8} 61 Temple Row Birminohom 52 5LT Solic¢tors siandley & Co 1612 High Street Knowle B93 OJU Investmènt Monagers Premier Miion Group Eost9Ute Covrt High Street Gui1dford Svrrey GUI 3DE Brewin Dolphln 9 Colmore Row Birmin9horn B3 2BJ Poge I The SocSetu of St Colvmb¢n for Forelgn Mlssions Trustee5' report For the year ended 31 March 2025 The Trusrees present their onnuol reptsrt together with the oudited finonciol sttstements of the Chorlty for the yetsr 1 April 2024 to 31 March 2025. The linoncial stotements hove been prepared in accordonce with ihe Charitle5 SQRP (FRS 102} - Accounting ond Reporting bu Choritie5" Stotement of Recommended Proctice opplicoble io chorilies preporing their occounts In ccordance with the Financial Reporting Stondord opplicoble In the UK ond Republic of Ireland IFRS 1021 (effective 1 Jonuoru 2019). the Finonclol Reporting Standarol app11cable in the UK and Republic of Irelond (FFIS 102) and the Chorities Act 2011. the Chorities ond Trustee Investment (Scotlond) Att 2005 ond the Chorities Accounts (Scot1ond) Regulotions 2006 (oys Lxmenderb. The chorlty olso operotes under the nome The Columban Fother& ¢)bjectives ond octivities a. Policres and objectlves The Society of Soinr Columbon for ForeicJn Mlsslons In 8ritoln is part of the internotioncfl Missionory Soclety of Soint Columbon (founded In 1918) with olmost 300 members working In 15 countries. We ore o Roman Cotholic missionory Society whose members support Chrisiion communities tsnd work lo spreod ihe Chri5tion mes50ge ot home ond abrood. We seek to relieve povertu. promote cliologue and reconcilioliom betWEen people of different roces. cultures ond religion5 and culturol bockgrounds ond ottend to ihe needs of vulneroble groups (such os children youth. the elderly people In neeol of protection). We cire porticulorly concerned for the care tsf the natural envirDnment. through countei"OCling the cov5es ond odverse effecis of the climote crisis ond proreciing ond promoting biodiverslty. The interntstionol Society is 9overned by u General Council.1gcoted in Hong Kong. ond incorporoted with the Componles Registry there os the Missionory Soeiety of Soint Colvmbon Limited. From Hong Kong the religiovs tsnd humanitorlon activities of ihe members and ossociotes oround the world ore directed ond co- ordinoted by o Society Leader ond three councilors, who ore elected by representorives of the membership for o six-yeor term. The Chority Is also known under Fts working titles as the Missionory Society of Saint Columbon or The Columban Fathers Reoion of Britoin. Aciivities of the Chority In Britain ore monoged by a Regionol Director. odviseos by three councilors. who direct ond supervise the work of the members, following policies ond procedures odopted by the internotionol missionofy Society. of which the Chorlty in Britoin is o bronch. The Regionol Director is olso Choir of the Chority frustee5. ond he oppoint5 the other Trvstees. The Chority in Brituin collects fvnds through Romon C¢Jtholic churches to support the religious octivities of ITS members ond trssociates worklng tsverse05 Nembers olso poriicipore In ihe work of the Roman Cutholic Church here The Trustees ensure Ihot the Chority corTies ori it5 choritoble work and fund raising In Britain In accor(Jonce with the objectives of the Choriiu ond followino gtatutory reqvlrements. The American sectic>n of the Soclety hos heodquorter5 in Omaho. Nebrosko. Since the US$ Is o wlclely OCCEPted exchonge currency. It Is through Ihe Omoho office thai funds collected in the United Kingdom ore rronsferre£f to members working in foreign countries By using its Internol occounting system. the Society con send money obrood securely. ond wilh minimvm cost. and ensure thot it sofely reoches those lor whom It Is Intended. In seitlng objettives ond planlling for Ottivities. the Trusteeg have glven due considertstion to gerterol guldonce published by the Charity Commission relotin9 to public benefit. Including the gvidonce 'Public benefit.. running o chority IPB2)' Poge 2 The Society of St Columbon for Foreign Misslons Trustees, report (¢ontirsuedl For the yeor ended 31 Mareh 2025 Objectlves ond ty¢tbvities (tontinued} b. Strate9ies for achSeving objèrtlves The Charity hos monies set tsside Iroffl propertg sole und invested In order to cover the cost of priest members ot present retired. ond those who wlll retire durin¥ the coming yeors. These investments showed o healthy return for the majority of the finoncicil yeor. dipping at the end due io the uncertainty1n the morkets resultlng from the wor in Ukruine. The Ethicol Investment Pollcy of the Ch¢Jrity hos been explained 10 the monooers ol the Charltg funds. and ethicol issues form on importont component of their reports. The Chorlty does not contract professionol fundroisers. nor enlist the services of Indivldvols on o voluntory bosis to CDrry out fyndroislng activities. Alono with the regulor operorions of the Charity in Britoin. omong the Items to which the Trusiees gove considerotlon were the consultotion document entitled Chority Governonce Code, published bu the Charity Commi55ion.' regulation5 svrroundlno the Generol Doto Protection Regulotion." the Code of Fundralsing Proctlce., Heollh & Sofety.. ond ongoing HR In the 8ritish Region As pari of their induction new Trustees are given a copy of a deloiled hondbook recently pvblished by ihe Romon Cathtsllc CoTrlerence ol Reli91ovs ond two lor9e accountuncy firms The finol decislon on where to ond how much moneu is gent overseas is mode by the Trustees of the Charily. In response ro requesis *rom rhe Central Adminlstration of the Mlsslontsry Society ot St Columban in Hong Kong. Monies ore transferred ofter the Bvrsar hos ossured the Trustees thot the reouired requests for fundin9 ond 5UPPOrting documentolion htsve been recelved. ond suffitieni guarantees about reporting ond occountobiliiy are in ploce. c. Moin actlvities undertuktn to fvrther the Chority's purpo$8s for the public benèflt Our work as missionories is not confined to whot is commonly understood 05 Stricrlu religious activltles c)nd the promotion of religious faith. We deem thot the works token on by the Ctslumbari missionaries oround the world complies with the Public Benefit Guidance set tsui by the Choritips Act 2011. Among the monu projects run bu the Columbon missionories In different purts of the world Ofe.. Aduli literacy projfommes. trolnlng of church wtsrker& ctsvrses in bosic heollh core community bulldino. We odvocate core of the notvrol environment by roising owareness of globoS climoie change issues. odvocating ecologlcolly sustoinoble ogi'iculture and (Ilternotive technologg. We promote justice ond peoceful reconcilitstion among peoples through diologue ond offer prattical care ond aicf for victims of violence ond notural disosters. We olso lacilitote on interchonge of missionory personnel between regionol Churches in order to Improve and increose rnuiLs01 undersian(Jing ond cioss"cultural cooperoiion. Page 3 Thè Soclety of St Columban for Foreign Mission$ Trv$tees' report (continued) For the yèor ended 31 Morch 2025 Achievements ond performonce o. Revlew of actfvlties 2024/25 The moin pritsrities of the Columbons in 8ritoin ore to rui5e fund5 for- ond promote aworeness ond understonding of _ the Society's MISSIONARY WORK ot home and abroad. We do thls by woy of parish oppeals throvghout annually alloiied Cotholic dioceses Cotholic diocoses (Westmlnsier tsnd Wrexhom in 2024. Sc71ford ond Cordiff in 20251. school vlslts. the website, our"Far East" mogazine. publlshing ond distributing proyer bookleis ond orgtsnizing the yeorly schools'"mission pfomotion. compeiition. Our clomestic missionury ovtreoch is porticulorlu concerned with the noturo1 environment, especially the protection promotion of biodivÉrsity Our primary Initiotive Is the trunsformatlon of the grounds of our Solihull property Into on ECOLOGICAL CENTRE We have plonled 6.000 notive rrees. seeded the land with wildflowers. estoblished beehives ond established walkwoys. As o result. we have been oble to start hosting "eco-retreots" for schools onc5 ltscol cornmunity groups. Another octivity relotes ro MIGFi4NTS. In coniunctlon with the Archdiocese of Birminohom we odmlnlster Fotimo House In Digbeth (o refuge for women r>sylum seekers) ond serve irTr the St.Chod's migront 'drop-in' centrE Blrminghorn os well os porticipoting In vorlous other schemes oimed at relieving rhe pllohr of dlsploced people. Our 1NTEFI-AELIGIOUS Diologve Progrurnme supports Interfoith octivltles ocross Birminghom. oimed ol shoring common visions wlth Oiher grc)ups and working togeiher with Ihern on motlers of similor interest. Thege include promoting the foir and compassionote treatment of refvgpes und osylvm seekers (os meniioned obove) ond tackllng the Issue of homelessness in the city Our JUSTICE & PEACE Edvcotion workers lead workshops and reireot doys in schools. parishes ond our Solihull building. They OCCOrnPCFny groups on morches. pilgrimoges ond proyer vioi1s. and in conferences ond Meetings throughout the country. We send funds to our OVERSEES MISSIONS in gerberal and a150 to cerioin projects in porticulor. especially In Peru. Chile, Fiji ond the Philippines. Furthermore. we hove responded to extroordinary crises resulting from conflicr or naturol disoster In places such os Myonmor ond Pokislon. ADDITIONALLY. our Safeguarding Deportment continues to liaise with notSonol ond Chvrch safeguardin(J bodies. At our Solihull hou5¢ we core for o number of semi-retired priests Finally. os in other yetsrs, we have welcomed two young people 05"Foith in Action- volunteers. who serve with us for o number ol wonths. Poge 4 ThÈ Society of St Columban for Foreign Missions Trustees, report (contlnued) For the year ènded 31 March 2025 Flnontial review o. Goin9 concern Alter moklng oppropriote enquirSes. the Trustees hove a reosonoble expectolion thot the Charity hos adequote resources to continve In operationol existence for the foreseeoble future. For this reoson. they continue to adopt the going concern bosis in preporing the finoncial siatements Fu¥ther details regarcling the adoption ot the going concer bosis con be found in the occovnting policies. b. Reserves pollcy The Trustees are committed ro mointoining the Churity 5 unrestricted re5errfes- the free reserves- oi o minimum level of £5.000.OOD. This policy ensures 5ufficlent wtsrklng ctspltal 15 ovoilable to cover 1Sming differences between income ond expenditure, ond to provide o fintsncial cushion to respond to unforeseen needs. such r)s urgent moinienance. The yeur- end fund balonces are detolled in Note 21 to the accounts. c. Moterigl investments polltg The Ch(Jrity holds an investment portfolio. whlch Is monaged by Brewin Dolphin. in occordonce wilh the powers c%ele9oied to the Trustees. Funds collecied durlno eoch finonclal yeor ore irFitially helcl wlthin a Cosh Monogement Portfolio until required for overseos actrivitle5. RBC Brewln Dolphin provide regulor perftsrm¢Jnce reporting and mointoins o￿oIng engagement with the Bursor to ensure the portlolio oligns wirh the Chority's finoncial requirements. risk profile, ond long-ierm objectives porticvlorly in reloii0n to funding the care ol elderly ond retired members. In rjdctition to finoncia5 stewardship. RBC 8rewin Dolphin integrotes envlronmenttsl. 50cio1. ond governonce IESG) foctors throughout the Investment process. reflecting o commitment to SUStainoble trnd responglble Inveslin9. As a signoiory to the UN Principles lor Responsible Investment (UN PRI). the film odheres to an Iniernationolly reeognised fromework for Incorporating ESG issues inits investment onolysis. decision-making. and ownership proctices This approoch supports ihe Chorlty s ethlcal values and long-term mission by promoiing tronsparency. sustoinability. ond occovntobilily within its investment holding5. Through stewor(Jship. RBC 8rewin Oolphin 0150 Includes the exercise ol shoreholder voting right5 oncl active engogement wlth componie5 to encouroge responsible business conduct ond sustoinoble outcomes. d. Principal risks ond vncèrtulnties Despite ongolno efforts to publlcise the activ￿lieS of the Chcsrity ond attroci new benefacitsrs. the nvmber of people on otsr moiling list continves to decreo5e. Yhe tsge profile of our donors sugoest5 thot this trend will continue. but the decreose Is groduol. has not hod too significant on impoct on our income dLJrino the post ten yeors Since o large ponion of ovr income is throughlègocies we ore olso olert io Indicotors ol any decreose In this cotegory Poge 5 The Socièty of St Colvmbryn for ForÈsgn Misslon5 Trustees, report Icontinuedl For the yèar *Adtd 31 M¢Jrch 2025 siructure. gaverrbance ond monagemènt o. Constitution The Society of St Columban for Foreign Mission& is regulated bu a decloroiion ol Trvgt Deed dated 19th November 1968, ond is registered with the Chority Commission under registratlon number 221594. On 2nd Morch 1970 the Charity Commission grollted o Certiflcote of Incorporation of Ihe Trvsiees of the Chority by the nome of "The Trustees for The Sociely of St Columbon for Foreign Missions" b. Methods of oppointment or èlèttion of Trvstees Trustees ore oppointed by the Director ol the Society in Great 8rit(Jln. On oppointment. trustee5 Qre mode fomilior wth Ihe operotions ol the Chorlty ond their stotutory responsibiiiiies os rrustees, and are requlred to declore ony conflict ol Interest thot mau arise bÈtwÈen their role as trustees ond other interests or responsibilities. The current Trustees ore listed Dn wge 1 of these finonciol stotement5. The Trustees hold rneetings on CJ regvlor basis to oversee the operoiions of the Charity and ensure thot its ocrivities occord with 115 objectives. ond comply with 5totutory Dbligolions. The Iinanciol offoirs of the Society ore adminisiered by the Regionol Bursar. ond the funds collected are recorded and ocknowled9ed by ts smoll Trumber of poid stolf ot". St Columban's. Widney Monor Rood, Knowle. Solihull, West Midlonds. B93 9A8. Tel. 01564 - 772096. c. Poy policy for key management pers¢)nnèl The Trustees ore responsible for setting the poy ond remvnerotion of the chorlty's keg monogement personnel. Thls Is done by reference ro rnorket rates. with onnvol % incre05e5 b05ed on the CPH index. Page 6 The Soclety of St Columbon for Foreign Missions Trvsiees, r*port {contlnued) For the year ended 31 Mor¢h 2025 Plons for future periods While the membership of The Society ol St Columban for Foreign Mlssions is ogeing ond personnel numbers in decline, we continue to work in close portnership with the Church ouihorities ond peoples ol the countries to which they ore a￿19ned. For the foreseeoble future we intend to mointoin our focus on the work ol bLsilding communities ol loith. assisting wI1h the genera1 welfore of odults ond the education of chilclren lleed. promoting diologue ond mutual understanding omtsng peoples of dilferent religlous trudltions, oclvocating just sociol structures ond protection of the natural environment. orKI oidiTrg vlctims of noturol dlsoster> We continuously ossess how the finoncial resources generously entrusted to us ore being Used in resptsnding to thè nèeds just mentioned Our budgeting ond ovdiling pfociices are in occordonce with profes5ionol sttsndords of honesty, integrity arid tronsporency. Representotives of the various notion01 regions of the Soclety meet regularly to review all ospects of our work. Including our use of linonciol resources. The British bronch of the internationol Mlssionoru Society of Si Columbon ploy5 0 key role In providing funds for our internoiionol mi￿￿()norY work. We ore in ¥egular correspondence with our donors In 8riloin and seek new donors moinly through visilino Romon Cotholic parishes. moll oppeols ond personul correspondence We receive regulor financiol reports from those to whom we seE)d funds. We feel It Is olwuys vitully Importont to keep people informed obout our mlssionaru work. so thot they know how thelr money Is used. Our misslon mooozine (Far Eosi) and our web5iie (www.columbons.co.uk} serve this purpose. Having members workln9 In Asio and Sovlh Amerlca. arnct on orgonizotional structure in countries there, mokes it posslble for us to respond directly ond quickly to victims of Traiurol disosters in these areos. us well os belng able to let ovr benefocior5 know how Victims csre being helped. Stotement of Trustees, responsiblltties The Trustees ore responslble foi preparing rhe Trusiees, reptsrt and the fiTronciol stutements in occoidonce wlth opplicuble low ond United Kingdom Acctsunting Standards (United Klngdom Generolly Accepted Accounting Proctice). The low applicoble to chorities in Englond & Woles and Scotlond requires the Trustees to prepore finL)ncial statements for each financiol which give o true and loir view of the stole of affoirs of the Chority ond of its incoming resources and opplicoiion of resources. including lis Income ond expenditure. lor thoi period. In preporin9 these Iinanciol stotemenrs. the Trustees are required lo. sÈlect suitable occountlno pollcies ond then apply them consistently.. observe the methods ond princlples ol the Charities SORP IFRS 1021.. make judgements and occounting estimotes that ore reasonoble and prudent. srote whether oppllcable UK Accour)tin¥ Siondords (FRS 1021 have been ftsllowed, subject to ony moierial deporlures disclosed and exploined In the Ilnoncial stotements., prepare the finonciol stotements on ihe going concern basis unless il Is inoppropriate to presume thot the Charity will continue in business. The Trustees are responsible for keeping adeouate accourilin9 records tht2t ore sufficient to show ond exploln the Chorilu's tronsoctions ¢Jnd disclose wilh retsstsnoble occvrucy ot ony tlme the linoncial posirion ol the Chtsrily ond enable them to ensure that the financiol statements comply with the Chorilles Aci 2011. the Charity (Accounts ond Reports) Regulollons 2008. the Chorities and Trusiee Investment (Scotlond) Act 2005, the Chorities Accounts (Scotlond) Reoulutions 2006105 Qmendedl ond the provisions of the Trusi deed. They ore olso responsible for safeguarding the ossets ol the Charity ond hence for toking reasonoble steps for the prevention ond detection of fravd ond other Poge 7 The Soclety of St Colvmban for Forelgn Mlsslon$ Trustèès, report {continL*ed) For the yeor ended 31 Morch 2025 Disclosure of informatlon to ovditar Eoch of the persons who ore Trustees ot the time when this Trustee5' report 15 approve(J hos confirmed thot.. so for os thot Trustee 15 aware. there is no relevoni oudit informotion ol which ihe chtsrity's oudittsr is vnowore. thot Trv5tee hos token tsll ihe steps thtst ought to hav& been ioken os o Yrusiee in order to be awore of ony relevoftl oudit information ond lo establish thot the chorily's ouditor Is oware of that Information. Auditor The oucliior, Dains Audit Limited, hos Indlcoied their willlngness to contlnue In office. The designated frvstees will propose o motion reoppolnting thè ouditor ot O mEeting of the Trvstees Approved by order of the members of the boord of Trustees ond signed on thelr behalf by". RÈV J Boles Trusiee Dote." 14 August 2025 Poge B The Sociétu of St Columbttn for Forelgn Mi5$1ons Independent Auditots Report to the Members of The Soclety of St Columbon for Foreign Missions Opinion We have audited the finonciol stotements of The Society of St Columban lor Forelgn Mlssions (the'chorlly,) for the yetsr ended 31 Mtsrch 2025 which comprise the Stotement of Ilnonciol actlvities, the Balonce sheet. the Statement of c05h flows ond the related nc>tÈs. including o summary ol significant accounting policies. The financial reportin¥ framework that has been tspplied in their preporation is applicoble low ond Uniied Kingdom Accounting Standards. Including Finuncial Reporting Stondord 102 Ihe Financiol Reptsrtlng Standord oppllcoble in the UK ¢Jnd Republic of Irelcjnd, (United Kingdom Generolly Accepted Accounting Proctice) The tinonciol stoiemenis hove been prepared In tsccordonce w11h Accountlno oncl Reporrino by Choritieg preparing Ihelr occounts In accordonee with the Flnoncial Reportino Stondards opplicoble In the UK and Republic of Ireland (FRS 102) in preference lo the Accouftting and Reporting tiu Chorlties.. Stotement ol Recommended Practlce i5sved on l Aprll 2005 which Is referred to In the extont regulotions but hos been withdrown This hos been done in order for the accounts to provlc4e o true and foir view occordonce with the Generolly Accepied Accounting Prociice elfec?Ive for reporting peri￿$ beginning on or olter 1 January 2015. In our opinlon the financial stotements-. give o true ond fair view of the sicjte ol the ¢horlly'S olfc7Irs 05 Qt 51 Morch 2025 and of Its incoming resources and applicotion of resources for the yeor then ended.. hove been properly preptsred In occordonce wlth Unlted Kingdom Generolly Accepted Accounting Pr(sctice' ond hove been prepored In occordance with the r¢quirements of the ChL)rllles Act 2011. the Choritie5 ond Trustee Investment (Scotland) Act 2005 and regulation 8 of the Chorities Account5 (Scotland) Regulations 2006 Bos15 for oplnion We concsucted our ovdit in accordance wlth Internollonol Slondords on Aucl￿ting (UK) {ISAs (UK)) and opplicoble law. Our respon51billtles under those stondorLls are furiher described In ihe Aucliior's responsibilltles for the oudit of the finonciol statements sectlon of our report. We ore independent of the chorily in occordtsnce wrth Ihe ethlcol requirements that ore relevont to our (Judit of the finonciol stoiements In ihe United Kingdom, inclvding Ihe Flnancio Reporting Council's Eihicol Stondord. ond we hove Ivllilled our other ethicol responsibilities In accordonce wilh these requlremenis We believe that rhe oudli evidence we hove obtoined Is sufficient ond opproprlote to provide o bosls for our opinlon. Conclvsions reloting to gging concèrn In audifing the flnoncial siolements, we hove concluded thot the Trustees, use of the going concern basis ol occountlng In the preporation of the Ilnonciul stotements is appropriate. Btssed on the work we hove performed. have not Idenllfled anu moteriol uncertointles feloting to events or conditions ihot, indivlduolly or colleciively. moy cost significont doubt on the chority's obillly to continue os o goino oncern for o period of at leosr twelve month5 from when 1he finonclol statements ore outhorise¢ for Issue. Our responsibiliiies and the responsibillties of the Trustees with respect to going concern are described in the relevont sections of thls report. Page 9 Th• Sodèty of St Columban for Forelgn Mlsslons Independent Avdrtoes Aeport to the Members of The kdety of St Columban for Forergn Missions (continved) Other informotion The other informotion comprises the informotlon Included in the Annual report oiher rhon the financial stotements ond our Avdiror's report thereon. The Trvstees ore re5pon5ible fof the other inlormotion contained within the Annuol report. Our opinion on the finonciol stotements does not cover the other Informotion and. except to ihe ertent otherwise explicitly stoted In otsr report. do not expre55 ony form ol ossurcsnce conclusion thereon Ovr responsibility Is to read the other informoiion ond. in doing so. consider wheiher the other Informaiion Is moterlolly incongisfent with the financiol stoiement5 or our knowledge obtoined In the course of the oudlt. or otherwise oppeors to be motericilly rnisstoted If we identify such moteriol Inconslstencies or apparent materiol mlsstotements. we (Fre required to determine whether this gives rise io o moteriol mlsstotement ITr the finonciol stotemenis themselves. If. based on the work we hove performed. we conclude thtst there is o moteriol misstotement of this other information. we ore required ro report thot fact. We hove nothlng to report in this reoord Mtiiters on whleh wé orè required to report by exceptlon We hove nothing to rewrt in respect of the following matters where the Charities (Aecoun15 and Aeports) ReuulotlOn5 2008 ond the Chorities Accounts (Scotlondl Regulotions 2006 los omended) reqtslres US to report to you If, in our opinion.. the Information given In the Trustees. report is Inconsistent in ony molerlol respett with the financlol slotements., or Sufficient ond proper occounting records have not been kept". or Ihe *inanciol sroiements are Trot in ogreemenr with the occounting records ond retvrns, or we hove not received all the Informotion and explofiotions we require for our oudlt. RespDn3ibllltles Of trvstets As exploined more fully In the Trusiees, responsibilities Stotement, the Trustees ore responsible for the preporotion ol the financial statements which give u true orid foir view. ond for such internal control os the Trusiees determine Is necessary to enoble the preporotion o* linanciol stotements thot ore free from material mlsstoiement. whether due to froud or error. In prepOr￿rng the finoncial sialements. Ihe Trustees are re5pc>nsible for ossessing the chorily's obility to contlnve os o going concern, d15closing. os oppllcoble. rnotters reloted to going concern ond using the going concern b05is of accoufjtiTrg unless the Trustees either intend to liquidate rhe chorlty or to ceose operations. or hove no realistic alternotive bul to do so Poge 10 The Society of St Columbun for Foreign Missions Independent Audito￿$ Report to the Members of The Society tyf St Columbon for Foreign Mlssions (tonlinvtdl Auditts￿$ responsibllities for the oudit of the nnoneiol stotements We have been oppoinied as oudltor under section 144 of the Chorltles Act 2011 ond section 44(1)(c) of ihe Chorities anct Trustee Investment ctivities 768.409 Investments 760.531 760.531 Other income 12.306 12,506 24.548 Totul Income 4.152.247 208.516 4.360.565 4.577.317 Expenditvre on.. Raising funds Chorilable activitie5 318,685 318.685 302.062 2,749,658 212.998 2.962.656 3.066.801 Total expenditure 3.068.343 212.998 3.281.341 3,368.863 1.208.454 Net incomè before golns/(losses) on Investments 1.083.904 (4.682) 1.079.222 Net (losses)/gains on Inve5tmentg Net movement in funds before other galns/{losses) Foreign exchange1055es {83,428) (83.4281 196.138 1,000.476 (4.6821 995.794 1.404.592 108.126 108.126 (10.3181 Net movement in funds 1.108.602 (4.6821 1.103.920 1.394.274 Reconclliation of funds.. Toiol *unds brought forn￿Ord Net movement In funds 21 22.389.452 81.569 22.470.821 21.076,547 1.394,274 L108.602 (4.682> 1.103.920 Total fvnds curried forward 21 23.498.054 76.687 23.574.741 22.470.821 The notes on poges 16 to 37 form port of these finoncial siotements. Poge 13 The Society of St Columban for Forelgn Mlssions Reglstered number= B¢Jl¢ftce sheet As at 51 Morch 2025 2025 2024 Note Fixèd assets Tongible Ogsets 15 4.993,677 4.927.645 Investments 16 22,654.259 4.582.476 27.647.936 9.510.121 Current os$ets Debtors 17 1.688.601 1,245.992 Investments 18 477.978 17.210.702 Cosh ot bonk and In hond 9.068.779 10,482.810 11,235.358 28.939.504 Current Ilobllities Creditors omounts folllng dve within one year 19 (200.331) 115.978.804) Nèt Current assets 11.035.027 12,960.700 Creditors. omounts folling (Jue a*ter more thon one Yeor 20 OS.108.222) Total net assets 23.574.741 22.470,821 Charlty funds Fleslricl&d funds 21 76.687 81.569 Unresirlcied funds 21 23.498.054 22.389.452 Totol funds 23.574.741 22.470.821 The Ilnoncial stalements were cjpproved ond ovthorised lor Issue by the Trustees ond signed on iheir beholf by". Revy Bole$ Trustee Date 14 Avgust 2025 The notes on poges 16 to 37 form port of these finoncitsl stotements. Poge 14 The Society of St Columbon for Forelgn Misslons Statèment of cash flows For the yÈor ended 31 March 2025 2025 2024 Note Cosh flows from operoting activities Net cosh used in operoiino octivities 23 (1,933.908) 917.615 Cash flow$ from finoftein9 Qctivities Interests ond dividends from Investments Proceeds from the sule of tonoible fixed ossets Purchose of tangible fixed ossets Proceeds from sole of invesrmenls 760.531 768.409 400 8.042 (201968) 1.481.Q92 0.414.914) {21.022} 939.590 Purchase of inwe5tments 0.213,038) Net cosh provlded by financlng ¢xtivitles 623.141 481.981 Chun9e In cosh ond cgsh eqvlvol4nt$ in the year Cash Or￿ cash equivolents ot ihe beglnnlng of the year (1.310.767) .599.596 11.013.625 9.614.027 Cash ond cash equ*volent$ ot the end of the y#or 24 9.702.856 11.013,623 The notes on po¥es 16 to 37 form part of these flnonclol siatemenis Poge 15 The Soclety of St Columbtsn for Forelgn Mlssiorts Note5 to the finoneial ¥tatements For the ytar ended 31 Morch 2025 General informatlon The Society of St Columbon for Foreign Missions Is an unincorporated chority reglstered with the Chority Commission in Englond & Wo1es. 221594. and wilh the Office of the Scottish Chority Regulator in Scotlond. SC038948. lis regisiered oddress is St Columbon's. Widney Manor Road. Knowle. Sollhull. West Mid1ond5. 893 9AB. The primoru objective ol the chcjrity Is to odvDnce the religious ond humonltarlon work of the Romon Cothollc Missicinory Society of Soint Columbon. A¢countlng policiès 2.1 Bosis of prepgrotion of flnanclol statèmenis The finonciol sttstement5 hove been prepored in occordance with the Chorlties SORP (FAS 102)- Accounting ond Reporting by Choritles" Stotement of Recommended Proctice tspplicoble to ch(sriries preporing their occounts In accorcjonce wilh the Financial Reporting Stoncjurd opplicable In the UK oncj Republic of Irelancj (FRS 102) (effeciive l January 2019). the Flnoncitrl Reporting Standord opplicoble In the UK and Republic of Irelond (FRS 102) ond the Charities Act 2071, rhe Charitie5 cAnd Trvslee Investment (Scotland) Aci 2005 ond the Chorities Accounts (Scotlandl Regulotions 2006 (as omended). The finoncial stotemènis hove been prepaie¢J to olve a 'true ond foir, view and hove deported from the Chorities (Accounis and Reports) Reguloiitsns 2008 only to the e￿ent required io provide o true ond foir, view. This deporture h(5s involved following the Charities SORP IFRS 102) published In October 2019 roiher thon the Accounting and Reponing by Choritie5. Statement of Recommended Prcsctice effective from 1 April 2005 which hos since been withdrawn. The Society of St Columbon lor Foreign Misslons meets the definition of o public benefit efTrlity under FRS 102 Assets ond liabilities ore Inillolly rec¢>gnised ot hi5tDricol cc)sl or ironstsction value unless othefWlSe stored in the relevant occounting policy The linoncial stotemenrs ore presented in pound sterling ond rounded to the nearest £1. 2.2 Going concern The finijnciol statements hove been prepored on o golng concern basls The trustee5 conslder Ihot there ore no morerial uncertointies tsbtsul the Trust's obility io continue as (J going concern ond consider that ihe charity hos odeqvote func15 to meet anticipoted fvture objectives. Paoe 16 The Society of St Columbgn for Fore1gn m￿S1on$ Notes to the finan¢itil siuiements For th• yeor ended 31 MLirch 2025 Accovnting polides (contlnued) 2.3 Income All Income is recognised once the Charity has entitlement to the Incorne. Y( is proboble thot the income will be recelved and the omount ol income receivable can be measured reliably The recognition of Income from legocles is dependent on e5toblishing entitlerrent, the probability of recelpt ond the at)Ilitu to estlmate wlth sufficient occvrocy the omount receivoble. Evidence ol entitlement to o legocy exists when the Chority hos sullicient evidence th(>t o gilt hos been left to them (through knowledge of the existence of o volid will ond the death ol ihe benefactor) ond the executor Is satisfied thot the property in question will not be required ici sot15fy claims In the estote. Receipt of o legocy musi be recognised when it Is proboble that it will be received ond the loir value of the omount receivoble. which will generolly be the expected ctssh amouni to be distnbuted to the Chority, con be rellobly meosured. Gronts ore included in the Statement of finoriciol octivities on a receivcsble bosis. The bolonce of income received for specific purposes but not expended durlng the period ￿S shown in the relevont funds on the Balance sheet. Where Income Is received in odvonce of entiilement of receipt. Irs recognition is deferred ond IncSuded In creditors as deferred Income. Where entitlement occurs before income Ss received. the Income is ocerued Gifts in kind donated for distribution ore iftcltyded tst voluotion and recognised os income when they ore disiribvted 10 the projects. Incorne rox recoveroble in relation to donotions iecelved under Gift Aid or deeds of covenont Is recognised ot the time of the donation Income tax recoveroble in relotion to investment income Is recognised 01 the time the investment Income Is retsSvoble. Other Income is recognised In ihe period in which it Is recelvoble ond to the extent the goods have been provided or on completion of the servlce. 2.4 Expenditure Expenditure is r￿Ognised once ihere Is o legal or constructive obll9Qtion to transfer economlc beneflt to ts third porty. It 15 probable that o tronsfer tsf economic beneflts will be reouireLI in settlemènt ond the amount of rhe obligotion con be meosured reliob1y. ExpeTrditure Is clossified by octivity. The cosis of eoch activity ore made vp of the total of direct costs and shared costs. Including support costs Involved In undertaking each octivity D1rect costs ottributoble to a sin¥1e octivity are allocatecl directly to ihai octivlly. Shored costs which contribute to more than one activity ond support costs which are not attributoble to o single octivity ore tspptsrlioned betweèn Those octivities on a bosis conslsleni with the use ot resources. Cenir¢Jl stofl costs ore allocoied on the bosis of lime spent. und depreciotion chorges ollocated on the Portion of the ussefs use. Expenditure on roising fund5 inc1vdes oll expenditure Incurred by the Chorvty to raise funds fo¥ Its choritable purposes and Includes costs of oll fundrolsing ocrivities events ond non-chorltoble troding. Expenditure on choritoble activ1t￿eS is incurred on directly vndertoking the octivities which further the Chority's objectives. os well 05 ony ossocioied support costs. Poge 17 Thè Socièty of St Colvmbon for Foreign Mlssion$ Notes to the finot)clol statemènts For the yeor ended 31 Morch 2025 Accounting poli¢iÈs (tontin¥ed) 2.4 Expenditure (¢ontlnued) All expenditure is inclusive of irrecoveroble VAT. 2.5 Interest and dividends receivable Interest on fvnd5 held on deposit is Included when recelvoble (Tnd the amwnt con be meosured reliobly by the chorlty. this is Trorma11y upon nolificoiion of the interest poid or poyoble by rhe bonk. Dividends ore recognised once the dividend has been declored and notili¢oti>n hos been recelved of the dividend due This Is normolly vpon notification by the investment manogers of the dividend yield of the nvestment portfolio5. 2.6 Forelgn cvrr•nci•s Mor)etary ossets ond liobilities denominoted In foreign currencies ore Ironsloled into steiling ot rotes ol exchonge rulin¥ at the reporting dote. Tronsociions In foreign currencies ore tronslotesses. whether realised or unreolised. ore combined ond presented os 'Net goins/{lossesl on investments. in the Statement ol linonciol ociivities. 2.10 Debtors Trade and other debtors ore recognised at the settlement amount ¢Jfter any Irode discount offered. Prepoyments ore valued ot the tsmount prepoid net of any trode discounts due. 2.11 Cash (rt bank ond In hand Cash ot bonk ond in hond includes cosh ond short-term highly liqvld invesiments wlth o short moturlty of three months or less from the dote of acquisition or opening of the deposit or similar occount. Page 19 The Soclety of St Columbon for Foreign Misslons Notes to the financlol stotÈmènts For the yeor ended 31 March 2025 Accounting politiès (tontinved) 2.12 Llobilitiès ond provlsions LicFbilities ore rectsgnised when thère Is on obligatlon ot the £olonce sheet date os o result of tt past event. it is probable that o transfer of economic benefil will be required in setilement. ond the omount of the settlement con be estimoted reliobly Liabilities ore recognised ot the omtsunt thot the Charity onticipores it wlll poy to settle the debt or the omouni It hos received 05 advanced payments for the goods or seivices It must provicle. Provisions ore rneosvred ot the best estimote of ihe omounts required to settle the obllgotlon. Where the effect of the time volue of money is moteriol the provision Is based on ihe present value of those amounts, dSscountÈd ot the pre-tox discouTrt rote thot rellertS the risks speciflc ro the liobility. The unwinding of the dlscount is recognised In the Statement of finonciol uctlvllles os o finonce cost. 2.13 Financial instruments The Chority only h05 flnunciol asset5 ond financiol liobilitie5 of o klnd thot quolify as bosic financial instrvmentg. 8osiC financiul instruments ore Inltlolly rectsgnised ot tronsoction value and subsequently metssured ot iheir settlement volue wilh the exception ol bunk loans which ore subsequentlu meosured ot amortised cost uslng Ihe effective interesr meihod. 2.14 Operating leases Renttsls poid under operotlng leases ore chorged to the Stutement ol finoncial activities on o slrolghi Ilne basis over ihe leose term. 2.75 Penslon$ The Charity operotes o defined contribvtlc>n pension scheme ond the pension charge represents ihe omounis payable by ihe Choritu to the funcl in respect of the year. 2.16 Fund ac¢ountlng Generol funds are unresiricted funds which ore ovoiloble for use ot the diseretlon of the frustees In furtheronce of the generol objectives ol the Chority ond which hove ntst betn designoted for other purposes. Designoted funcls comprise unrestricted funds thol hove been sei oside by the Trustees for partictslor purposes. The oim and vse of eoch deslgnored fund is set avt in the nates to the finoncial stoiements. Restricted funds ore fvnds which ore to be used in occordonce with specific restrictions imposed by donors or which hove been fuised by the Charity for porticulor purposes. The costs of roising and admin15tering such funds ore charged ogainst the specific fund. The oim ond Use of eoch restricted fund Is set out in Ihe notes to the linoncial stotements. Investment income. golns ond losses ore allocoted to the appropriate fund. Poge 20 Society of St Columban for Foreign Mlssions Ngtes to the f¢nunciol stuiemènts For thÈ yeor ended 31 Morch 2025 Critlcol accounting estlmotes and arèas of judgement The Charity mokes estimoies (snd assumptions concernlng the fvture. The resulting occountlng estlmotes ond assumptions will. bu definitlon. seldom equal the reloted tsctvol results. Estimcstes and judgements ore continually evo1uoted ond ore b¢Jsed on hisloricol experience ond other foctors. including Èxpectolions of fulvre events that are believed to be reosonoble under the clrcumstaDce5. The estimijtes ond tsssumptions that have o signllicant risk of cuusin9 0 moterial odjuslment to the corruing omounts ol ossets ond liabilitles withln the next fintsnciol yeor ore discussed below. Crltical OCCOL5llting estimates ond ossumptions.. Depre¢iotlon Tongible flxed 055ets ure deprecloted over their useful lives toklng into occount residual values where oppropriare. The actuol lives of the a￿etS ond residvol values ore qssessed onnvolly and moy vory depending on o number of loctors. Income from donutions and legades UnrÈstricted funds 2025 Re5trlcted funds 2025 Total funds 2025 Donotions 1.598.492 1.596.492 Legacles Gifts 1.739,525 25.562 1.765.085 168.328 168.528 Intentlons 14.426 14.426 3.338.015 208.316 3.$46.331 Poge 21 The Soclely of St Colvmban for Forelgn Mlsslons Notes to the finoncial 51utements For the yeor èndtd 51 Mgrch 2Q25 Income from donotion5 ond legucles (¢ontinu•fl) Unrestricted fvnds 2024 Restricted funds 2024 Total funds 2024 Donotlons 1.558.101 1.558.101 Legocles 1.935.193 1.935.193 120,656 120.656 Me55 Intentlon5 18.6S5 18.685 The Proyer Trust 123.415 125.415 3.616.709 139,341 3.756.050 From 1 Juntr 2023. the SDcletg took over the work ond funds of The Prouer Trvst. o chority form2rly fegistered with the Choriiu Commission In Englond & Wale5 under the number 1083988. rhe tronsler of £123,415 unrestricted funds Included c(55h ot borhk of £121868 oncj was ireoted os a gift. Incomè from ¢haritoble octlvltles Vnrestrictèd funds 2025 Totol fLFnds 2025 Totol funds 2024 The Proyer Trust 41.395 41,395 28,310 Income from choritoble octivities in 2024 w05 wholly oltributoble to unrestricted funds. Ptsge 22 Thè Socleiy of St Columban for Foreign Mtssions Notès to the flnoncial $totemènts For thè yeor end*d 51 Murch 2025 Investment Income Vnrèsiricted funds 2025 Total fund$ 2025 T0101 funds 2024 Interest ond dividends generated from investments 8onk interest recelved 280,901 479,650 280,901 297.851 479.630 470.558 760.531 760,551 768.409 All invesiment income In 2024 wos ottribvioble to unresirlcted funds. other Incomlng resources Vnrestrlcted fvnds 2025 Totol tvnds 2025 Totol *unds 2024 (Loss)/surplus on d15posoI of ttsngible osset5 her income {3031 (505) 12.609 5.276 12.609 19.272 12.306 12.506 Other incoming resources in 2024 were wholly ottributoble to unrestrscted funds. Poge 25 The Soclety Of St Columban for Forelgn Mlsslons Notes io the finontiol staternent$ For thè yetsr ended 31 Morch 2025 Expencfiture on ro151ng fvnds Dlrect costs Unresirlrtèd funds 2025 Totol tvnds 2025 Totol funds 2024 "For Eost" mogozlne prooluction 203.188 203.188 1SO.869 Support costs Unrestrlcted funds 2025 Totul funds 2025 Total fvndg 2024 Website medlo 75,946 21.659 75.946 90.859 Investmeni manogement fees Leool ond professitsnL)I fees 21.659 22.319 17.892 17.892 8.035 115.497 115,497 121.193 Pooe 24 The Society of St Columban for Foreign MFsslons Notes to the financiol statèments For the ueor ended 51 Morch 2025 Analy*s of exptndlture on charltable uttlvltles Summary by fund type Unrestricted tunds 2025 Restricted fvnds 2025 Totol 2025 Furtheronce ol ihe objects of the charity 2.749.658 212.998 2,962.656 Unrestricted fvnd5 2024 Restrlrted funds 2024 Totol 2024 Furtherance of the objects of the chorlty 2.911.636 155.165 3.066.801 10. Anulusls of expendlture by octlvltles Actlvities vndertoken directly 2025 Grant fundlng of odlvitles 2025 Support costs 2025 Total fvnds 2025 Furtheronce of the objects of the charity 2,114.265 24.643 823.748 2.962.6S6 Activiiies undertoken Grcsnt lundlng directly of octivilies Support costs 2024 2024 2024 Totol fvnds 2024 Furtherance ol the objects of ihe chtsrily 2.238.718 4.164 823.919 3.066.801 Page 25 The Sodety of St Columban for Forèlgn Missions Notès to the fÉnanclal stotements For the yeor ended 31 March 2025 10. Anulysis of expendtture by ¢Jcttvitie$ (continvefj) Anolysis of direct cost$ Totol funds 2025 Totol funds 2024 Amounis remitted to the centrol fvnd tsf the order for distribution to the misslons 1.708.824 1.855.100 Priests, ollowonces 38.880 51.445 House expenses 115.047 146.023 Moss Inientions 14.126 18,685 Gllts 198.872 136.480 The Proyer Trust 38.516 30.985 2.114.265 2.238.718 Analys15 of support costs Total funds 2025 Totol funds 2024 Stoff cost5 476.564 425,797 Depreciotitsn 137,234 156.923 152.579 Office expenges Motor vehicle and trovelllng Professioool fees & chorges Governance 180.401 29.446 3Q.976 4.277 16.166 19.504 18.000 823.748 823,919 Poge 26 The Soclety of St Colvmbgn for For¢ign Mlssions Notes to the financial statemènts For the yeor ended 31 March 2025 Analyy$ of gronts Ttstol funds 2025 Groni$ poid 2025 Contributions to Catholic institutions 24.645 24.643 Torol funds 2024 Grants pold 2024 Contributions to Cotholic institutions 4.164 4.164 12. htet movemertt in funds Thls Is 5toied ofter chorg￿ng.. 2025 2024 Deprecioiion of tanglble fixed ossets Losses/(goinsl on dlsposal ol tongible fixed assets Audrtorfs remunerotion- audit 137.235 152.579 305 (5.276) 15.995 Operoiing leose rentals Foreign exchange loaiDs)/1055es Defined pension contribution cost 1.008 1.008 008.126) 20.731 10.318 18.468 Poge 27 Thè Soclety of St Colvmban for Forèlgn Mlsslons Notès to the finanoal statement5 For the yeor ended 37 Moreh 2025 13. Staff costs 2025 2024 Woges ond salaries Sociol Security Pension costs 427.018 383.979 28.615 23.350 20.731 18,468 476.364 425.797 The uveroge nurnber of persons employed by the Charity during the ueor was as follows". 2025 No. 2024 Administrotion ond Support 20 20 No employee recelved remunerotion orrounting to more thon £60.000 in either yeor. The trust considers Its ke'4 rnanagement personnel io be ihe Trustees. the Mission Office Administrotor tsnd the Regionol 8ursar rhe ttstal remvnerollon. Including eniployer pension (5nd noiionol Insurtsnce contributions. of the key manugement personnel loiolled £90.T5112024 £91.828). 14. Trustees, remvnerotlon onrj expensès During the yec7r no Trustees received ony remuneration or other beneflts12024- £NILI. Ouring the year ended 31 Morch 2025. no Trustee expenses hove been incvrred {2024- £NIL). The Trustees benefited from the house expenses oncl allowances included in direct costs in th2ir copacity 05 prlests residing on the premises and corrying out the objects of the Chorily These benefits were limited to ihe some level of benefit received by non-Tru5tee members of rhe residence. 11 is not considered prociicoble to septsrotely disclose ihe expenditure benefiting Individuol Trustees. Page 28 The Soclety of St Colvmbon for Forèlgn Misslons Notes to the finuncifjl statements For the yeor ended 31 March 2025 15. Tongiblè fixed osset5 Furnsture. Furniture. fixture5 and fixtures and fittings flttings Freehold Assets under property constrvrtion Total Co$t At 1 April 2024 Addltions 6,712.217 105.069 190.008 7.007.288 182.213 14.174 7.581 203.968 Disposols 02.500) 02.500) Al 31 Morch 2025 6.712,211 182.215 106.743 197.569 7.198,756 Depre¢iatlon At l Aprll 2024 Charge for the yeor On disposols 1.844.804 117,571 57.6)9 177.220 1079.643 137.233 11.863 7.799 {11.797) (11,797) At 31 Morch 2025 1.962.375 57.68S 185.019 2,205.079 Net book value Al 31 March 2025 4.749.836 182.213 49.058 12.570 4.993,677 At 31 Morch 2024 4.867.407 47.450 12.788 4,927.645 Included In land ond buildlngs is freehold lond at o voluation of £1,546.000 (2024 - £1,346.000) which Is not depreci(rted. All ossets ore used for chorittsble octivitie& Puge 29 The Soclety of St Columbun for Forelgn Missiafts Noies to the finontiol statements For thè yèar ended 31 Morch 2025 16. Fixèd asset investments CA Medicol & Retiremtnt Co$h troding fund$ a¢¢ovnts Listed Investments Totol Market valuatlon At 1 April 2024 A(Jditions 4.525.116 59.360 4.582.476 3.527.849 15.620.178 0,414,914) 17.735.113 Disposols (688.793) 1729.059) 1.481.092 63.240 Revoluotions 96.242 148,627 244.869 Income net ol fees and omounis remiiied 30.561 30.561 At 31 March 2025 7,458.414 15.039.746 156.099 22.654.259 The foir volue of the portfciilo h(Js been deiermined by reference to reodily ovoiluble morket Pri￿5, Under ihe h.istorical cost rules ol occounting. the portfolio would be held ai £22.670.02712024 £4 263,401). 17. Debtgrs 2025 2024 Legacies due 1.605.836 1.184.387 Amounr due from other reuions Other debitsrs 2,645 36.566 13.723 Prepoymeot5 and accrued Income 48.199 45.237 1.688.601 1.245.992 Page 30 The Sooety of % Colvmbttn for ForeFgn MissSons Notes to tht finonciol stgt¢ments For the yeor ènded 31 Morch 2025 18. Current osset invèstments 2025 2024 CA Medical & Retirement funds 13,977.676 2.798,026 435.000 Other listed investments 10.278 467.700 Cosh deposits 477.978 17.210.702 The foir vfjlue ol the portfoilo hos been determined by reference to readily avoilable morket prices. 19. Crediiors: Amounts folling dve within one yeor 2025 2024 CA Medical & Relirement funds Amount due to other regions 13,977.676 1,918.208 127.941 Other toxation ¢Jnd soclol security 2.808 48.552 8,579 28.770 Other creditors Accruols 21.030 45.571 200.331 15.978.804 20. Creditor5- Amoutsts fulling due ufter mor• than one year 2025 2024 CA Medical & Retirement fvnds 15,108.222 Pooe 31 The Society of St Colvmban for Forelgn M15slons Notes io the finandal statements For the yeor endtd 31 March 202S 21. Statement of fvnd$ Stotement of fvnds- current yfrar 8olan¢e at i April 2D24 Tronsfers in/(out) Golns/ Bolance at 31 {Lossesl March 2025 Income Exp*nditvre Vnre5trirted funds Design¢Jted fvn¢J$ Fixed assets 4.927.645 <137.234) (140.957) 203.266 4.993.677 Reiirement hc)use 7.611.722 7.470.785 Overseos missions 2.000.000 0.708.824) 1,708.824 2.000.000 14.539.367 {1.986.99S> 1.912.090 14.464.462 General funds Genefol funds 7.8SO.085 4,152.247 0.081.348> V.912.090} 24.698 9.033.592 Totol Unresiri¢te¢J funds 22.389.452 4.152.247 {3.068.343) 24.698 23.498.054 Restrtcted funds Gifts 24.782 168.528 068.328) 24.782 Moss Intentions 46.395 14,426 (14.126) 46.695 Flestricted legacies 10.192 25.562 ()0.544) 5.210 81.369 208.316 (212.9981 76.687 Totol of funds 22.470.821 4.360.563 G.281.341) 24,698 23.574.741 Poge 32 The Society of St Columbon for Foreign Missions Notes to the financiol stotèmenis For the year ènded 31 Murch 2025 21. Stotem•nt of funds (corttlnvedl *otement of funds- prlor ueor Balance oi 31 Mc5rch 2024 Bolonce ot ) Aprll 2023 Trtsnsfers In/(out) Goinsl (Losses) Income Expenditure Unrestrlcted funds D*slgnoted fvnds Fixed assets 5.062.490 052,579) 033.922) 17.734 4.927,645 7.611.722 Retirement house 7.745,644 Overseas misslons 2.OOD.000 (1.855,100> 1.855,100 2.000.000 14.808.IY (2.141.601) 1.872.834 14.539.367 G#nerol funds General funds 6.In.220 4,437.976 (1.072.09n {1.872.834) 185.820 7.850.085 Total UnrestFlCtèd funds 22,389.452 20.979.354 4,437.976 (3,213.698) 185.820 Restricted funds Gifts 24.782 120.656 18.685 {120.656) 08.685) 24.782 Mass Intentions 46.395 46,395 Restricted legacies 26.016 {15.824) 10.192 97.193 139,341 (155,165) 81.369 Totol of funds 21.076.547 4.577.317 13.368.863) 185.820 22.470.821 Poge 33 The Soclety of St Columban for Forelgn Mlsslons Notes to the fSnoncial stotèm*nt$ For the year ended 31 Morch 2025 21. Stotement ¢f fvnds (continued) Oewgnared fvnds The fixed asset fund represents The book volve ol fixed ossets currently held for chorltoble use and iherelore these fund5 ore unovolloble for othef use. The reiirement house fund represent5 the profits recelved from the sole of the London property in the 2016 occouniing period These funds ore sei oside lo fund the core of retired. elderly sick ordoined members In the Unitecj Kingdom. The overseas mlssions fund represents generol ftjnds sel 0sSde for expected distribution to the globol Columbons network in the following finonciol yeor. Rèstricted fvnds Resirlcied gifrs represent donations for particulor purposes us odvlsed by the dortors. Mass intentions repr8senr doncjrions in supporr of Cotholic services conducted by priests. Res1ricted property funds ore funds thot were received order to build o reiirement focility. The balance on the fund hos been tron5ferred to designated funds (fixed osser fund) In the yetsr. The restrictions pertaining to the funding were satisfied In previ0VS yeors. Restricted legocles are bequests receivecl for specific purposes or projects as outlined by the donors. Poge 34 The Society of St Columbon for Forelgn Mlssions Notes to the finonclal statements For the year endèd 51 March 2025 22. Anolusts of nèt ossets between funds Analysis of net assets between funds- Current yeor Unrestricted funds 2025 Restricted funds 2025 Totol funds 2025 Tangible fixed assets Fixed osset Investments 4.993.677 4.995,677 22.654.259 11.235.358 7,546.037 11.158.671 (200,3311 05.108.222) (1S.308.553) 15,108.222 Curreni assets 76.687 Creditors due withln one yeor 23.S74.741 Totol 23.49B.054 76.687 Anolysis of net 05sets between funds- prior year Unrestricted funds 2024 Restricted funds Total funds 2024 2024 Tongible flxed ossets Fixed asset Investments 4.927.645 4.927.645 4,582.476 14,880.459 14.059.045 (2.OQl,128) (13,977.6761 (15.978.804) 4.582.476 Current assets 28.939.504 Credltors due within one yeor 22.389,452 81.369 22.470.821 Total Poge 35 The Socéety of St Columban for Forelgn Mlsslons Notes to thè finontiol statements For tht yeor ended Jl Morch 2025 23. Reconciliation of net movemeni In fvnds to net Cush flow from operoting activlties 202S 2024 Net Income for the year {tss per Stotement of Finonclo1 Activitles) 995.794 1.4Q4.592 Adjvsiments for.. Depreciation charges Foreign exchonge losses Reulised ond unrealised losses/(goins) on Investments Dividends, Interests (Jnd rents from invesimenis 137.233 152.579 046.729) 83.428 110.318) (193.138) (768,409) (760.531) L05s/(surplu5) on the sole of tongible fixed assets Increase In debtors 303 15.276) (419.765) 757.350 {442,609) 0.800.797) (Decreose)/increose in creditors Net cash providèd by/