REf4sTERED CtriIRTfi MUl*ER: 2X19Z7 UMALWED FII4•tr4CL4L ATEmENTs FOR THE YE1 EiifED 5 APRL 2025 ST SAW03 PRMXY e & YtXW4 Ch¥tered Certrfied AcccdMlts Purley Woy &JrTey CROOXZ
ST 5AVIOUR'S PRICIiY COIITENTS OF THE FIlAL STATEIAE FOR THE YEIR eNDEO 5 APRIL 2015 Reyt of the TnJ5t•es 1 to 3 IndeF¥t Examlner's RepDrt l•nce She•t Notes io Flr•nrl415tstem•nts 7 to 11 Drt•lled Ststsmpnt d F*nCIli Actlvltles 12 to 13
5T SAWOLAS PWORY REPORT C THE TRLi¥fEES FOR THE END 5 APRIL 2025 The trteeS we5ent ther reTMt vrith the finwrlai statnts of the (harity for the ended 5 pril 2025. The tfU5tees have wJt•ted the ptDv55ions of Accwntkng and RekKXtkng Charftles: Staternt of Recomnnded Practice applicable to chthties prepthng their accounts kn accde the Fafjal RepDrlr4 stdar applicablè t UK Wblk ol IreièrHI IFRS 10ZI leffec1v 1 Z0191. LXJECnVES AND ACThIITIES Obje(tlv•s and oims for the publlc beneft sr. Sthour'5 Priory ts htyne to 6 Slster5 of the Sock&ty of St. lkngaret la recognised kn4lkan RelIg Crrnunltyl. The Si5tets of the Wlety are called trrf Glld to fdlow w Lwd Jesus Christ and to knte every faculty of body, mind and 5plrfjt th H. are set free to re5pNKJ to hi5 call three trndilnal vm ol Poverty, Chastity Obedce. In fulfllment ef thts callkn& the Slster5 to serve Christ in eath other in the ccrn() life and go Olrt to meet Him In peIe. The s61e Ixrtrexh to thÈ IrKai ccrfrWnLity includes wNkiw a5 Stalf members l) variw5 Parhe5. YJFVNtlng i5SU25 of jlstice racial equality. the kthles5', sexually ld., and kndwklual spwltuèl deCti. the creatTht wts. Ail Ihe Si5terfs kntyk 15 th free of ch¥ge. Tre slers are a150 called to a tnlntstry of stwmg theli £thTrniity twliding re5wrces ol wryrthlp and space vlth indNiduals and grPS. Thi5 CtinueS gtws Using our premises. C•$15 and Cmps We offer gJe5t accrr)da[kn and lcrffte guest5 atKI grcws. Tr maiD fu$ of ow At trooklng5 have been Ic<al pe¢yle reqtIng spKe for quiet I retreat days. We have a150extath out h05Pitaiity io mre long-term re5ieents reoulring to enable trn to th in the irKal area for .profIt i sector (ryanis)tl(x)s WSe work rs in Ilne our obje(tI. Thls thing ¥th refes. L¢Kai dwrches and thaplairKies, and in areas of 50tlai lustice. Fr tlmes a year we iDvlte local to joThi us fcfj a sÉThke Vb the Chw followed by relreshrrent5. The (kmloe Centre oller5 a tSFth servKe to indp4itho1s as Ied arfses. Th15 allekn5 the 5lster5 to offer a to tvlce of practKal help le.$. locé parcels, ciothkng etc.) •d also Ixb-gwg yJpp)rt lor fflDre CLxDplex rieed5. Tr ndaY Stall 15 cyeD frt teks. Thi5 a fKility wthicti olfers very dwied, second hands 4(xxls. aThJ opmunily for pecyle to meet together (x) an inf(m)al basts. It attr¥ts a Twkje rafrye of wjie fr(wn dbfferent backgrounds and thth varb d often nwltlpie need5. Toward5 the fulflLmÈnt of ministry in thi5 W( of LtyKkn) the th of the 15 talored ityard5". - The Prrflamation of the gospel inyrative in favojr of p . The devel(yment ol the sptUal life of the l(Kal pecyie the seek US - To £oThfityb¢ i55W5 al s141 exclu5uJn and fosw XKial c(the5i - To ¢xrt to and brng rthf to ed as prxtKaily as Pty$5e The knillatTr as set Dut abfft lolc£ Cerbtre eic.) Illtra the tal ineamatbn of se alTn5 and aspIrati5. The work of the ory has alway5 bE root in the Lc<al crynmLnity d. althty4h hi5twicaity thi5 )rk has been based in xaL dwrd)es the 51ster5 are new oftw called to serve tr need5 of the con¥rMJnlty. The 515ter5' miTh15thes are all offered free of cwe, 65 ts rnajthty of ¢ur CCatTryrt. Page 1
ST 5AVIOUR'S PRIORY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 FINAMCIAL REVIEW Tre chartty rKorded a Surplus of C11,513 to wh1ch mwl be Yed to unrealtsed proflt on knvestments ef 135,859 to reach at a surplus of £47,372. prtnclpal Fundinq Sources As from Investment InuThe the princlpal lundlng source5 of the ehatfjty are the slsters. C¢trIbutIonS and pensIor, contrfbutlons frtyn the use of the Priotys t110t1e5 and dOTratI5. IDve5tment Polky The trustees con51der flxed Inte$1 8ovemment securltles and speciallsed Investments designed for the charlty sector best meet the charitrfs need for Income and tapltal 8fowih. Howevtrr th1$ posltlon 1$ kept under reW wlth reBard to market changes. Reserves Polity The Trustees have establlshed a re5eThe pollcy tretsy unre5trkted funds are malntalned at levels thkh enable t Iru5tees to SLVPOrt the mlMLyn number of charltable xtlvltle5 whkh can be undertaken by the current number ol 515ters. FUTURE PLINS The 51$ter5 are aware ol thelr own chan8ln8 needs and a130 chanBe5 In the neeth of the Ixal comwAJThlty. It 11 Important te them that the Prbry bulldIn are used to the st ad¥tae., th15 rnay requlre 50me substanilal re.orderinB In the future,. and kn the me4Thllme Inevltably requlres ongolni malntenanco. STRUCTURE, GOVERNANCE AND IA4NAGEMEPIT Ggv•rThlni dUment The Trust 1$ an unlncorporated trust constltuted under a trust deed dateo 19 November 1891 and 15 a reilstered chadty number 230927. The assets ol the Pitory are held In accordance wlth the 5latute$ of St. Savlwr'5 Prlory )nd (StIltIOn and Rules af the 5oclety of St. r8aret (to whlch the prsory 15 alfillatedl. RKrultm•nt Ind appolntm•Tht of n•w trust• In atcordance ¥¥lth Ihe $tatute5 of Ihe chadty the malot1ty ol the Trustee5 ha to be mtn*ers ol Ihe cemmunlty and these )re elected by a vote ol ill slster5. The other iru5tees are alw elected by the sl$ters and chosen to brfn8 other 5kllls to the th4rfty. (rtanl$iiton•l striictur• Tho Pdory does not have any pald ernployee5 and all aCttS min48ent are carrlpd wt by the Tru5'fftS, the Slsters and volwteers. Indu¢iian and tr•lnlni of n•w Iru5t••s t trustees are already famlllar wlth the praciical work ol the charlty beln8 members ol the Slsteys of the S¢cleiy of St. Morgaret. New Trusiee5 are not Slsters awe fully brlefed by Ihe 51$ter5. REFERENCE AND ADMINISTRATIVE DEfAILS R•glst•rnd Ch•rlty numb•r Z39927 prtndwl addre55 St SavbuTS Priory 18 Queen5brldge Road Halgerston London E2 8NS Page 2
ST SAVIOUR'S PRIORY REPORT THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 Trust•es Rev Mother Judlth Biackburn Slster Ellzabeth Crawford Mr fvlark L)Ing S15ter Anna Hustc Alexartder Thorpe Indvpwdent Exomlner Ablè & Young Chartered Certllled Accountant5 Alrport Hoe Puriey Way Cr¢ydon Surrey CRO OXZ Bank•rs: CafBank Llmtted Klng5 Hlll WÈst l•allln8 Kent E19 4fA Natlonal Westm1Tr5ter Bank plc POBox282 216 Bishcpsiatt Ldfjn ECJI 4JH Approved ty order of the board of trusiees on May 518ned on Ils behalf by.. Rev Mother J11th BlaCkM . Twitee Page 3
INCEPENDENT EXAAIItr£RS REPORTTOTHE TRUrn OF ST Ol¥¢,5 PRIORY INdependent ex1$ report to the trustees of 5t SavkNrfs plY I report to the tharity trtee5 on my eXnIna1707 ol o15t SJvkMrfs Prhxy (the Trwtl for the swr ended SW12025. R•5ponslbflTtles and basts ol rewt s the tty trte of the TrL1 sffxj ¥e rEv1{e for the wepwaikn of the ¥ts fn with the requlrements of the Charfts Act 2011 fthe Act). I report in respect of my examinatlon of TnBfs Kcots caTrd wt uTrJer Sect 145 of the kt and out my exyninat1ors I hwe follod all appltabie Dwectkns gi¥ETh by the Chadty Commi55i(x) thider 5ECtts)n 14515llbl of the kt. Independent exarnv4er's statsment I have completed my examination. I cf1m1 that materi& matters ctyne to ry attenttw in umnedlon W•ith ex8t givi me c•J5e ro believe that materiol re5Pert: a(CmIlnI records were not kept kn respect of the Tnrt as Tequired bYSeCt 130of tr kt; accounts Lb n¢t accord t thw rKord5' the xcwnts do conyly wlth the awiicatrle reqLrirements ceMl4 the fom and content ol accowts set out in the Chanties Ikcounts Rewrtsl RrfuiaEWS 2(N other Ihan any requlrement tllat the aCcot5 give a true fair wew ts not a fflatter c(ed a5 of an itMJÈpendent einatIl. I have no corKens and have tome Kross no othpr matters kn vrith thÈ examinatb)n to thlch atteiitknn should be dro ITh thi5 reptht in ryer to en*JLe a priw wdel5twJg0f the ¢0 be athed. Rekha Shth Able & Y(51¢ Ltd Chartered Certifled (t•lts Alrport lIe rrey CRO Cz Page 4
ST SAVIOUR'S PRIORY STATEMENT OF FINANCLAL ACTMTIES FOR THE YEAR EIIDED 5 APRIL 2025 2025 Unresirfcted funds 2024 Tpt41 funds Notes INCI AND ENl+¥EifS FROM D(matlons and leiacles 124.797 112,928 Charltoble KIMtI•s Charltable actknt1es 4,351 9.483 Invesimerst Income Total 215,771 203,810 LXPENDffURE ON Ra18 funds 471 774 Ch•rltible aCtItIl$ Charltable acttIeS 195,919 201,521 Other Tot•1 204,258 2Crl,787 Net 84lnslllossesl on Investrnents NET INCIXIIEXPENDITUREI 47,3n 18,Cfi31 RECOIKILIATIOM FUIIDS Trt•l funds brwtht forw4rd 2,250,638 2.Z58,731 TOTAL FUND5 C4RRIED FORWARD 2 298 010 2 250 638 The notes form part of these flnancial statement5 Page 5
srsAvK)Lv15 P BALANCE SHEET S APRIL 2015 2024 Tntal fund5 UnTestricie FiXED A5SErs TM)glbie assets Invertm&Jts 45,%., 2,138,187 2,111,790 Debto Cath at bank 6,299 3,292 1,3 139,749 mwnt5 fallkn4 wthn yeav 2.ZK010 2.250,431 NrfAssETS 2.298.010 2 250 638 Unr¥trttsJ fuNts 2 250 638 TOTAL FUNDS The IlnarKlal statts Vprtrj by Board of Tru5tee5 aThJ authNlsed for Issue 0)29 Hay Z025 aTrJ on Its beh41f ty.. Rtht l**her Jwjith Bixkburn. Tntstee r Mthrk Lalnp. Tryt Pale 6
ST SAVIOURS PRIORY NOTE5 TO THE FIIIANCIAL STATEKNTS FOR THE YEAR ENDED 5 APRIL 1025 ACCQUPITING pr1£$ Oa$15 of w•p¥tr4 the flrwnclal stst•ffl•nts Thp firbala1 statements of the chthty. vthkh 15 4 bendlt entity der FRS 102, hove been prared In eordance wilh the Chthtie5 SORP IFRS 1021 ACcJtq ReFortkng by Char6tles.' Statement ol RecDmmeThdeé Practke at•llcable io ch¥tties preparng thplr accJJnts k) accordante wlth the FiTraDi1al Reportlng S)dard applkabie In the UK and RepthlK of Irel IFRS 1021 leffectiye 1 January 20191,. Flnanclal Reportln8 Standard IU2 The Fknanclal ReportlDg Standard appltable kn Ihe L and Repubilc of Ireland. the Chadts A£t 2011. The lin•Kial statements have been prepared under the hi510rfcal cost cM¥entkn. wlth the ex£tW(ffi knVe5tnts ¥thKh are Includtd at market VI, as modllled by the rwaiuatioh of certakn a55er5. All Inccffl• ts rKognised In Ihe Ststernent of FknaKiai Activll5 0e the charfty entStlemeAI to the fund5, It ts prrtjable that the I11 bt recehd the 1 cw be me•sured ielwy. Exp•ndliur• Llabllitles are r¢cogThW as eX[wUre sorffj there ts a ieyl or CStrue rtsllytloTh ClMIlLI8 the to that expnditure, it Is prcknabie ihat a trfer of ecwK)rnk benellts wlll te reqLrfred kn sèttlemeot aThJ the of the oblliolion can be measured rellaty. Expenditure 15 accwnted ¥cruals basts and ha5 been classllled der headln8S that 4ye8a¢e ail cost reIed to the category. Where costs cannot be dlr¢ctly •¢trbuted to particuw Ihey htre been allated to tlIr$ a bJ$15 CLThi5tetht with the of rttources. Tiwlbl• fix•d a55•ts Depreclatlon 15 prv4Jed •t ttre foliowlng Ul1 rates in order to wrlte df e a%set gvèr its estlmited wfui Ilfe. Freehcld property Ftsrures and flttln ¥Ehlcle5 cost 10% cost at rnte$ C¢ffjt Tax•tlon The ththty ts exempi Irom i•¥ on its th•rttablt xtlvbtkn. UnrestrKted fuTrJs used in occwde w#h ts Chthe tojeci1$ at the dlscretkni of the trlee5. Restrkted fwds C only be used fly p¥tlcd¥ re51rkted wwpws thIn the dilects of the charity. Restrkt1cS ar15e ¥JheTh specffled by the ty fthds are r)tsed frff wtkular restrkted pwp05es. Further expiarsatkn of the nature and kXMPW ol e¥h fLw¥J ts InctLwJed th the notes to tfre flDt4)clal statem•)ts. Flxèd •55•ts kn¥tJtments. Flxed a55ets Invesiry*nts are st at rn¥ket vai P4t7 CQDllnwd...
ST SAVIOUR'S PRIORY NOTES TOTHE FINANCIAL STATElaENTS- ¢ty)tlDued FOR THE YEAR ENDED 5 APRIL ZOZ5 INVEsTr IACllME 2025 2024 Dfvends from shares In UK 115ted compans 77,493 73,0&1 Interest UK flxed Interest securftle5 DepJslt •ccouni kntere5t 9,130 &JJ8 TRUSTEES, REIAUNERAnoN AND BENEFs There were no trustees, rernwaticffj or other benellt5 for the year ended 5 WII 2025 ner for the ye)r ended 5 4)rll 2024. Trust••s' •xp•n There were no tru51ees' expenses pald lor the ar ended 5 Apdl 2025 nor for the year ended 5 Awll 2024. COMPARATIVES FOR THE STAYEMEirr OF FINANC14L ICTMTIES Un1Cted funds INCOME AND ENDIYIMEIITS FRIJM Donatlons and iegacles 114,797 Ch•rltbl• •ctfvltl•i Charttable acifvltle5 4,351 Investment Inccme T¢tal 215,711 EXPENDITURE ON Ra151ni lund5 471 Ch1t*ble act1tl•S Ch8dtable actfvitles 195,919 Other Tot•1 204,258 Net qalnsll1055esl on Irsvestments NET INCOMEIIEXPENDITUREI 47,37Z RECONCILIATION OF FUNDS Total ful brouiht forward 2,250.038 TOTAL FUNDS CARRED FIXMAIID 2 298 010 Page 8 CCtWI...
ST SAVIOUR'S PRIORY NOTES TOTHE FINANCIAL STATEMENTS. tMtlnu•d FOR THE YEAR ENDED S APRIL 2025 TANfABLE FIXED ASS5 Flxture5 and Ilttlnqs Freehold property Cunputer Tota15 COST Al 6 Apdl 2014 and 5 Jprll 2025 AddltlDns 485,078 130 424 554 485,368 424 485,792 485,078 DEPRECIATION At 6 Apdl 2024 Charye for year 439,7Z3 86 21 439,809 163 At S April 2025 163 BLKJK VALUE At 5 Aprll 2025 391 At 5 hprll 2024 130 FIXED Ass INVESTIAElffS Ltsied Investments sl IURKET VALU At 6 Apdl 2024 Addltkns Dlsposals Revaluatlcffj5 Z,066,299 At 5 Aprll 20Z5 NEf BIXIK VALUE At 5 Apdl 20ZS At 5 Aprtl 2024 There were no Investment assets out5h* the UK. C05t or v•lu•tk)n at 5 2025 15 represented by: Llsted Investments Valuatkn In 2025 2 1Q2 088 Page 9 contInl...
ST SAVIOUR'S PttlORY NOTES TOTHE FINANCIAL STATEME14TS. contlnutd FOR THE YEAR ÉNDED S APRIL 2025 DEBTORS: OuNT$ FALLING DUE WtniN ONE YEAR 2025 20Z4 Prepayrnent5 CREDITORS.. JAIOUIITS FALUWG I)UE W1 ONE YR Z025 2024 Other creditcrt MOVEMENT IW FUNDS Net movement In lund% At 5.4.25 At 6.4.24 UnT•Strfci•d fwds fjeneral fund 2 Z50 638 2 298 010 TOTAL FUNDS 2 298 010 Net Trwmtnt In funds, Included In the above ère a5 follo., IncomlThq resource5 Re50urce5 expended GJlns and 1055es ement In fund5 UrtrIcI•d funth Get)eral funé TOTAL FUNDS 204 2561 Ccfflpw•ilv•s for mov•m•n¢ In fund5 Net rT)vemeTht ln funds At 5.4.24 At 6.4.23 Unrestrkt•d lunds General fun¢J 2,258,7J1 2,250,6)8 TAL FUNDS 2 258 731 2 250 638 Pa8e ia
sr VIouRs PRKXIY NOTES TOTHE FIPiIXCIAL STATEKNTS- contIrd FOR THE YEAR ENDED 5 APRIL 2024 AIOVEMENT IN FUNDS. cortlnued Ctsnpara¥e mwerrtht In fvnds, IrKILthd kn the alThe are J5 f¢AIThvs'. IrKmln4 Gains 10$5e5 expended In ILnd5 Unr•strkt•d funds General f}d 203.810 1209,7871 123,8J91 118,7581 TOTAL FUNDS 187 7471 A current year 12 12 p¢811kn1 ts a5 follo. Net At 5.4.25 Ai 6.4.23 lund5 Uftr•strkt•d funa5 Cneral fund 2,258,7Jl 39,819 2.298,550 TOTAL FIJIIDS 2 158 731 2 298 550 A current IZ nKrflh5 12 rrwths ri•7•¢t kn lunds, kncluded In the Jb are as follo.. fwd5 Unr•srrlct•d funds General fwd 419, 414.045 33,743 J9,Z79 TOTAL FUND5 10. RELATED PARTY NKLOSURE5 There no related party Iwan5a¢¢kns lor the ywr ended 5 Jyll 2025. 11
ST SAVIOURS mORY oAlLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 INCOIAE AND ENDChYMEFirs Tknatlons and ItiKI•s Legacies SSsterf5 c¢ntrbutl¢Jn5 and pen51on5 GSft ald Gue5t5 and Tetreats and refunth Other doThatlon5 and grwts 1,019 59,404 38,965 11.992 45,749 41,618 13.4(PJ 124,797 112,928 Inv•stment Incm Dfvlthnds from share5 kn UK Ilsted compans Interest on UK Ilxed Interest securlt¢ts Deposll aCCOUnt Interest 77,493 9,1JO 7J.LV•1 8.JJ8 8Z,623 81,399 Ch•rttabl• iEtlvltl•i sales Tot•1 Ihcomlni r•loUS 215.711 203,810 L¥PENDITURE oth•r tridlw 4£v1th•S Cost of 8wds 501d 471 T14 Chrltth• •EtMtb•i PrlDry Nnnlnq c05t5 Payments to volunteers MalnieDarKe Travel Chapel cost5 catIonS and yJbKr*t%)ns Ptr5mal care Publkatlm5 DepciatIon Care, funeral and memrlal Other 81.155 53,025 26,) 718 813 8,201 75,2S8 50,269 40,752 219 1,133 11,656 )2 553 9,786 107 26S 5,179 195,019 201,48Z Support ¢05ts rw•rn4nc• costi Offlce Atcount5 Cartfjed forward 5,8ZD 8,489 Th15 pag does not fomi part of the statfftory fin•)clal 5tatemenlS Pa8e 12
SAVIOURS PRIORY DETALED STATEMENT OF FIW4CIAL ACTMr FOR THE YEAR ENDED 5 APRIL Z025 2024 rc4Nht forward Bank tharges 8.489 810 9.239 7.531 Net Ilossl InETh lwlwe gaiTr5 •1 losses 11,51J 15.9771 Rallsed r•co8ntsed pfns •nd losses Realfjsed gainslltossesl rn flxed &set Inve5trnents 35,859 2,116 Net InCelleXPendItuT1 Thls p ¢kn not fonn pat of statuWfiwKiai statements P4e13