Registered Charity NuThber: 231410 SOCITr.TY OF THTr. DII'INF. SAI'JOUR BRITISH PR(PRo.UNCE REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 21124 UHY ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVIP4E SAVIOUR BRITISH PRPROVINcE REPURT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Page Tnjstees Rert Independent Auditors, RetK)rt 9-12 Statement of Financial Acti%'ili¢s Bulance Sheet 14 Siaicm¢nt of Cash Flows Note5 to the Financial Siaternents ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Iniroductlon The SalN'atorian Trustees hereby present their rew)rt iogeiher wilh the flnancial ststements of the British Pro- Province for thL year ended 31 Decem 2024. which have Ien preparL.d in accordance with the accounting poli¢ie% set Out In Note I lo the ac¢ounL% and comply iviih ihe charity'% TnL%i Dee(L The Charities Aci 2011 and "A¢¢ounting and Reponing by Chaniio" Siaiemeni ot. Recommended Pra¢iJce appli¢able io ¢hariiie% preparing their accoun15 in accordance wilh the Financial Reportinby slldard applicable in the UK al Republic of Ireland IFRS 102). Structure, Gov¢rn8nc¢ •nd ManaRem¢nt The Society of rhe Divit)e Saviour. popularly known as ibe Salvaiorians. 1$ an ir)iernatiorJal. religiou8. COnggallon of priests and broiher5 in Ihe Catholic Church. founded in Rome. December 8. 1881. by the Father Franci% Mary ot-the Cros& Jordan. Today m¢mb¢rs ot-the wiety ar¢ engag¢d in a1011¢ aciiviii¢s in 40 ¢ouniri¢s 011 ov¢r th¢ orld. We are part of a Salvatorian tamily thai includes rL.ligious sisiers (th¢ Longrcgaiion ofih¢ Sisrs of the Divinc Saviourl and lairy 14Lll Internutional CoTnrnunity of ihe DI.)ne Saviourl. FrJnLi% Mary ot. the CTO%S Jordan. SDS I l fy June I X411 S¢pl¢mber 19181. w&5 a Ciertnan Caiholic prie%1 and founder of the Society of the DivÈne Saviour. etsmmonly Called the SalvaioTLaThs. I le wa5 bealilied on May 15. 2021. The purpose of rhe Slery is 10 sirengihm defend and spreod Ihe caiholic f8iih everywhere in $0 far a8 thi$ is cunin)itlLd io It by divine providencc. Therefore, by exercising ihis ec¢le%iasiical leaching funciioi) in word and writingT, il intend% 10 achieve the end Ihat all peq)le might kW more and more the one true Ci(NJ and him whom hc %Lnl, Je%u% C'hri%t. Th¢ So¢i¢ly of th¢ Divin¢ Saviour 1% gov¢rn¢d by ILS own ¢onstiwtion &$ a Religio$ Order and by 8 TnL41 Deed dated l %t December l Y48. It ib a reg151¢red ¢hariiy numbered 2314 IU. Under Ihe lenn% of the Irusl deed new Tru%iee% are aprK)Ini¢d by Ihe Trus¢ees In orri¢e M'iih the ¢onYni of the Pro%'incial o(Ihe Order. The TnJ%iee% i¥ere incorporated. undcr the pro.1510$ ol-lhe C'haritable TnL%lees IrKoryx)ralion Aci 1872 and the C'harilie.8 Act 1960 on thc 22 February 1962. The Trustees meet regularly to disc all Matte pertinent to the rnnning of the eharity's aftair%. Th¢ Provlnrlilate The Provin¢ialaie actb ab a head office for the UK and its main puT>Se 15 to deal with the day-to4ay affairb of the Society and to monitor and distiibule mothie5 ftom the following four tyPC5 of fund5.' rhe Fijrmtsiiun Ftind- these are unrestrickd funds thai deal with the recruitment and training of our students who will become either priesi% or brothers. The Mi¥510ry Fiind- this IY5tyi¢d fund 15 Used to 5UPPOrt our over5ea5 mi55ion5, mainly in India. East Asia and Africa. The lJV5ufoJvre Flind- this designated furtd has been ffstri¢ied in use to the care ofour si¢k and the elderly members. The Provirt¢ialate makes monthly paymerttS to hou5¢5 to swpport ¢he care of our elderly members. The Provineialate also looks after the &xiery s investment portfolios. Income from such inve%tmenLs 1% regarded as unr¢stri¢ted funds. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Houses Our members reside itl houses throughout ihe UK each ofwhich is regarded as a separate financial unit. Our houses a150 facilitate Ihe Society's dual PUfFose of seTh'ing the local cotnmuniry ar for preaching of the Gospel. The house% are run by th¢ resident members and the tinancial needs of ¢a¢h house a revieiv¢d, on a regular b&%is, by the TnLqiee.q. Each hou%e opetaie% independenily of ihe oiher& u'ith the r&%pe¢tive resideni member% controlling the individual hou.% daily operatiOJL%. There are fouT Indi idual houses= Wealdstone. Thornbury. Abbots Langley. and Plumsad. OtheT ll)embeTS are residingy in diocesan parishes. St Joseph's Parish, W'eAldstODe Th¢ W¢aldsione hous¢ is the tjrsi hous¢ of our Society in lh¢ UK. The Pro-provtnce has sLqrt¢d a discernmcnl PTI)ce%S the future ol. the Communjly Hou.%e H'hich i old ex.1ve io maintain. The pari4h of Si Jts%eph's whiLh 1% In ils care 1% treated a% a 4epaia enlily liom the of the So¢iei)' and monie% received by ihi% PaTi%h are restricled lunds as they belong io Si Joseph's Parish only cannoi be used by ihe oiher comrnunities. For oi'er 30 y¢aTh, variows plans ha%.¢ b¢¢n pn)pos¢d io r¢novo1¢ ih¢ Communiry I l¢)us¢ 10 beii¢r a¢¢onimodare meniber4 working) in the Pari.4h. a% well a% the.%i¢k and ie¢ired. After¢0lder1rtg numero% ichen)ei. (he Tru.41ee wilh the permi4%ion ot. the fJenernla¢e -agreed 10 %ell Sain¢ Jo*ph'% Pre%byiery io linance the JYi)owaiioi). The Work began in the %urnrnerol'2(124 and wa¥ completed in May ?025. McinbeTr livingj in IlarTOW will iiow be hou%ed under one roof. with new facililith de%ibvned lo meei the nee(L% of sick and reiired Inernber% requirinby care. Trustccj Tru%iee% are ele¢ied by member% of Ihe Briiish Pro-Province at ihe Provincial Chapier and %erve a three-year iemi ol-oftice. There mu%1 be a minimum of three trusiee% Serving ai any one meeiing. The current Ieaderhlp, who are the TrLLsiees, were elected in January 2023 for a three-yvdr temi of office. Faiher Richard w&$ elected as the provincial 4UriOr in January 2023 for the ihird time in continuation of his econd ierm. At Ihe Pro%'incial Chapter Fathers Michael Doherty. Paul I larris and Thonia% Malal were also elected as Con.guliors. Acrording 10 our rule5 Father Rirhard 15 Ih¢ Chair of Tntst¢e5 and the consultor are auton)alically appointed as Irusiees. The ITuslee% meet on a monthly basis lo discuss and direci the aciivilies of Ihe Charity. The tnL%lee% are assi.%ied by a Finance Commis%ion which meets four times a year to discuss si8nificant matters relatin8 to the runnin8 Ot-the Province. The Finance Comm155ion 15 an 1ndeldeftt ix)dy and they are elected by the Provincial ChapteT. They rall their mectins% and prepare their a8enda.' Ihc Bursar and the accountant to the tnteeS assist theiii in thcir meeting and provide all the fLnancial reports. All new Irusiees ai their Inducti4)n are pr'Ided M'iih a copy ofihe Charity'8 TnL8t Deed and are infomied of Iheir duties and r¢sponsibiliii¢s as InL$l¢ in ac¢ordan¢¢ wilh Charity Law and the guid¢lin¢s pn)vid¢d by ih¢ Charity Commissivrt. Object5 and Polices The general objects of the Society are religious and charitable, specifically for charitsble purposes in connection with the Roman Catholic Religion and 10 proi'ide for its members and enable them io further its mission of making Christ the Saviollr more widely known. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Charity looks to fulfil ils prirnary objeciive of bringing Christ the Sa%'iour inro people's live5 principally through serving as parish clergy, as chaplains in sehools. prisons and hospiLgls. as well as by generdl pasioral and tnissionary ivork. We are involTr'ed in C'aiholic education direerly ihrough our involvement with the Salvatorian College sin(% we are the trusiees and apin1 the Governors. Publ1¢ Beneflt The Tru%iees have complied '11h the dury in Secii¢)n 17 15) of ihe 2011 Chariiies Acr io having due regard to guidance published by the Charity Cotnmis$ion wilh regard to public nefit. OUT aim is io enhance the live5 of all people by bringing them 10 the knowledge and love of Ihe Divine Saviour. We do this through ourwork of preaching and teaehing the Cjospel of Chrisr and Ihrough the pastoral care provided by our menibers in our network of parishes. Furtherniore. we proNide and Inainthin our Churches and keep rliem aa1[ab]C 10 th¢ public among which are se%'¢ral hisiori¢al buildings. Public BLnefii is further proi'ided through our WOTk ol'eduLation primanly in the Salvatorian College. HaTWiV Weald 10 which we are fully coniniiiied. 2024 Annual Rtvlew We continue lo loc4 our aciivilies largely in parish work in BTitsin al Irelaiid and we were able to %ustain all our ommilment% during 2024. We also remain commii*d io th¢ Salvaiorian Colleg¢ ¢sp¢ciglly by ih¢ provision of g chaplain and %everal %¢h(x)I foundaiion gov¢mors. We ha¥'e continued to engage with the oiher European units and the Cienernie over the tUre of the Saliatorian% in Europe. Ol. 4LII the other continents 'here we are Working. Euro h4L% a decliiiinby meniber41)ip with a i'ery lew vocaiion%. Thu%, we are workinui on beiier w'ay% lo iniebyraie members from younbi uniL%. e%pecially Ironi Asia aiid Alri¢a, who ar¢ coming? for pa.%ioral work in Europe. In lin¢ with thi% groii'ing %irai¢kyi¢ plan lh¢ CJ¢n¢ralat¢ %iarl¢d in 2017 a new Iniernational FOrnli0n Hou%e in Rome wilh studenL% from dilyereni ¢ountrie.%'. sonie Irom w'ithin and some from oui.gide Europe. All Eurorkan Unils financially 5UPPOrt ihis proJe¢i. In June 2024. four schola11¢$ wert ordainl lo Prie%ih(x)d. Unlorlunalely. none of is beiiig %ent to ihe British PrprovInCe. Hopefully. irt the near luture wc will al%0 weleome a new priesi from the Scholaslicale in Roine. Following nebiotiaiion with the Cjenerdlaie and ihe Tanzanian Pro-province w'e have been able lo appoint a new young prie%¢ from Tanzania to Si Joseph's m.ho started in January 2025. Pfistoral Work Our main acliTr iry as Salvatorians and (he primary outlei for our aposlolic ork and missions in the UK are our pari.%lie%.' namcly the parishcs ot St Joseph's, Il'ealdstone.. St Saviour's and Our Lady moihcrof the saloUr, Abbots Langley., Chrisi the King and Holy Cross Woiton Under Edge, Thorn1ry and Holy fross and Si Palrick's, Plumstead. We have on-going problems siaffirtg these parish¢s by ourselves and haie in rtteni years obiained personnel help from our PTovinces in the Congo and Tanzania. W¢ continue to nionitor the effectiTreii¢ss of our tnenibe]5 and theiT disp051tion relatil'e to our apostolates. Members in parishes remained very aclive in provKling online masses and ministries, dealtng with th¢ ber¢aved and celebraiing the sacrdments. The celebration of the Saerdments was generally rtU]I)ed. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024.. Baptism 144 Is Holy Cornmunion 253 Confirmation Wedding 24 Funeral 103 RCIA 183 Since the end of the Pandemic, there has been a eonsiaThi decline in membership hleh is reflected in the published number%. Bur oi'erall, Ihe Church's life is still very strong. Foodbank From our parishes we operate fo(Klbank which can be accessed by people in need. Most of our donations come froni parishioners ready for disiribuiion In the comnluiiity. We are always in need of rinned niedt, fnjit, fish and vegieublL. Duriog Chrisim&% limes. gill voucherk hamp$ and hoi meal% art also prt)vided for ser)iors and lonely mLmber.% and iho_%e ID need Lay Salvatorlgn5 Many Ople from all walks of life, in contsci wilh Soli'aiorians in many parts of the world, feel inspired and called 10 share in the chari%m and mi%4ion ol'ihe Salvorian4. Many hale gor)e futher 10 make a lomial Loimmiiimeni io lii'e a Salkaiorian way ol. life wiihin the coniexi ol. Iheir everyday live% and M'orking environmeni. They fomi the Inlernaliunal Community of the Divine Saviour. knoivn &% Ihe Lay Salvatorians. Th¢ Salv9torl8n Coll¢%f Sli Ivuiorian C'olle&Te is an acadcmy for boy% betsveen Ihe ages of 11-16. %iiuaied in '.¢8]dlone in ihe London BurougTh ol- Hurrow. founded by l.aiher fjabriel Enderley. The spirilual founder of ihe collcge is Ble%%ed Fraiicis Mary ol. the Cro%% Jordan. ThL Salvatorian Colle8e ivas amon8 Ilie ei8hi OIary h0O1% iii Ha0 thal are perli)rminbi w¢ll abov¢ the naiional a%'¢rabJ¢. a¢cording w lh¢ laiesl figure¥ from th¢ DL'parln?¢nl for Education IDfF.I. From September 2024, the TrLLslees and Sch(K*l leadership reinststed the provi%ion of education for Iftrlll-year- old%. lollowin8 carclul consideration of our cducational rnissioii and sludciils iiccds. Tl)L School'% Icadcrnhip is ali%lied w'ith ollerinu parents and students in Ihe area a wider range ot. hibih-qualily Catholic education option%. CJ(?vernor% beli¢%'¢ a broad¢r ¢urri¢ulum orr¢ring ¢on b¢ mad¢ building on ihe %tr¢n&yih% of the Salvaloriai) College and workinbj together io ensure a Catholic higher education will be available to all those who seek it. The Salvatorian has now begun thc pNK¢5s of joining the C-ardinal Huime I'TU51 ICHAI-I. As part of the ncgotialions, thc Salvalorians .11] relain ownership of Ihc land. and the Chair ofthc Sali'alorian Tru%lec% will have the ribTrhi lo be con%llltedon any major deci%ions coneeming Sal%'aiorian College '1[h ihe possibility ol'exercising a veto. Addiiionally, ¢he ProN'incial will rethin the ?hority io appoint Fowidalion GOtrnOr5 io the College. Forelgn Ml$$lon$ Salvalorian missionary work continues in Asia. Africa. South America and Eastern Europe. The expansion and toundaiion ofihe Socieiy conlinue to W1(n8 a firni eommilmeni from the Central, Admini%tralion ol. the Society of the Divine Saviour in Rome. The Briiish Province has an obliga¢ion to assisi ihe efforts of the General Administration in Rome by providing ongoing material. physical and 5piri¢ual 5UPPOrt. With the support of benefactor5 and pari5hioner5, the Pmvince continues lo pro3.ide flnancial aid for our tni55ionary work abToad. SafeguardiNE The work of Safeguardingi atKI c.hild Pn)ie¢tLon ¢oniinues io playaprominent role in our goveman¢e. The Prokin¢e Safeguarding CommLS5ion, under the professional direction of Mr5 Jane Fergu50n. continues its regular tneetillgs and effeciiv¢ oYer5ight of this aspect of our ttLiTri5try. Con5tanl review and updating of theory and ptICe 15 now part of the regular work of the Commission. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Benefactors We maintain coniacl Wlth our benefacioT5 through The Ap05rle magazine. which proi'ides biannual updates on the lite ot. Ihe Order and its missions. Il'hile it remains challenging to expand our donor base, e r¢¢etJtly rede%igned The Apo%¢le and are now exploring thew appioache_% io aitra¢i mole mera¢10[. In Collaboraiion with the Creneral Trea_qurer ol- Ihe Sociery b&%¢d io ihe USA. we are implemeniirtg a djrect mail campaign. This ir)itiaiive requir some initial in%'e51rnent. but we anlicipaie il will generate inciea5ed income in ihe long term. CelebrAtlon$ In 2024 Ihe tollowing members celebrated their mtlesiones.. Fr Richard Mway 125 years of r¢ligious profession). Fr Henry Nevin125 years ot'ordinaiionl aNI Fr Alc¥ McAllisier140 years of Ordinaiiool. Welfare of Members Every year, provi%ions are made for all the mem[$ io gaiher during the annual retrear, the community meetings. the general a%semblies and chapier%. M¢Jnbers hzi'e come iogeih¢r for Fr Noel's funeral in April 2014 and atiended the June retreat in Llandudno. North 'al¢s. Father N(].5 lunernl in April ii'&s the l&%ie%'enl held in the CoTnmunity Hou%e belore 17 clo%ed tor renoTraiitsn. Curreni member who ere living in ihe Communily Hou4e hai'e bttn provided altem4Llive accommodaiion durinb ihe Tenovalion. R¢¢rul¢m¢n¢ De4piie the lack of Yocaiions io the religious life and priesthotyj in Cyreat Britsin and Ireland. the Pro-Provii)ce h&$ eonlinucd to adertI%¢ in ('atholic parKr% and other publicaiion¥ and IhL InlLniel. 11 c currcnily l)ave onc Incmber in traininb. Aller completints his candidaie year in one of our comniunilie%. he will conlii)ue his Irainiiitsy al the ELiropean Formation Hou4e in Rome. Flnanclal Rei'l¢w The.%our¢es of income iogjeiher 'ith expendiwre on charitable actii'ities are as shom'n in the Siaienient of Financial Activitie%. Income has incre&sed in 2U!4 by £11.63010 IIAW.34?12O23.. LY(M).7121. Charitable expenditure increa%ed by £1 ¥.575 trom £934.97% lo £953.553. There w&% a nei deficii ofexpendilure this year Ot. 144.211 12023.. net surplus o1.£63.2571. The defLciI w&$ orr.sei by unrealised gains on inve.sthienlsof£i 38.2041203.. gain ol'£190.1391 rulling in a nel.sury)lus of n(L8 of£93.99312023.' nei surplus of fun(Ls of£253.3961. Donationb And lega¢i¢s have de¢rea5ed by £17,210 from £403.181 to £385.971. Donation5 in relation to Salvatorian Office for Iniemalional Aid increabed by £141.168 to £282.4(2023." £141.298}. Pan4h collections ii)¢reabed by £13,786 to Ll 58.959 12023.. £145.1731 w'hich were signifjcaiirly below pre-pandemic collections of £20¥,021 during the year ended 31 December 2019. There is a continuing trend of deereasin8 member% of the congregation. Investment income of £203,974 12023: £194.866) is ¢ompribed of Renthl income £136.958 12023.. £116,544), Dividends £62,36012023- £74.5161 and Trtier¢M £4.656 1?023'. £3.806}. R¢nial In¢ome has increased during the year due to a full amount of rent paid by Sall'atorians College forpart of Iht Ground Fl(K>r pt¢mises of Comn)unity House. The 2023 comparatives have been r¢s(a*d to reverse a valUation gain pvIOuSlY reported in last year's ac¢ounts of one of the Investment properties of £460,909. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Rlsk m4nagtmeni The Trustees have examined the major sirdiegic busintss and operdtional risksm'hich ihe Society faces and confirn] that sysrems have FL'en esiablished to enable regular rewts to be priduced so that the necessary strps can be Lqk¢n 10 duce the%e risks. DuTing 2024, as usual, discussiOll5 were held with the Society's insurer5 to assess the currellt level of our insurance cover. As a result of these discussions. the trustees concluded thai the exisling level of insurance coveT 15 adequate and shall be tnainiained. The insuTer5 have commilled 10 perfomi a valuation of ihe ecclesiastical properties in 2024 10 Lnsure suffi¢i¥ni cover is in plo¢e. Investrnent polici. The Tnanaged fund inve%lTnenls uf the Sociely are all ini'e%ied in ChaTifbCO and ChaTishare Coinnion Ini'e%tmcnl Fund% which are managTed by BluckRock I.¢1¢nt Managyer%. Charinco and Chari4hare are charitie4 in their own ribThi. approved by the Charity C'ommission and with an IndeTrdent Adiisory Commirtee. The invesimeni propeny ponfolio is managed by Ihe Board of Truses who odher¢$ 10 policies which focus on increasing? much needed income Irom the prudeni u%e of releiani property &%%eL%. L(al leiiii)gy agJenL% aTe u4ed to managpe lei residential properties on a day-to-day b&¥i%. An addilitsnal inve4in*ni pronY purcha4ed iii March 2025. R¢sfr%'¢$ polky Part of the Society's obligjaiions is 10 proVe for ils members for life. Cjiven thai there is 8 po%sibility thai the expcLlcd lulurL inconic of the Sociciy niay fall. logeiher ii'iih a nuniber of ils sel Io TclirL' OVCT III¥ IiLxI liN'e to len year%, the Society's curreni rx>licy is to build up Ll4 Present level offree re%erves. Thi% 111 help lo eiisure that the balance of future fund4 avai12bl¢ ii'ill remain surrici¢ni to m¢ei rhe requir¢meni% ol'the Society'% nieinber and il% communiiies. The Society holdF reserves of 16.291.92411023.. £6.197.931 l al the finarKial yedr end. Re%tricted tuiids weTe ii) a ncl 8ury)lus po8iiion of £755 12023.. nel dcficil of £39.1421. whilst there M'a$ 0erspendi1I9 in Thc Mission Fund which is an onb)oin8 cause we hae recei.ed continued fundin8 in ?0?5. Designaied lunds or £1.2X9,1.10 12023.. £1,214,509) ar¢ d¢%iginal¢d 10 aid reiir¢d m¢mb¢rs ofihe QTd¢r{noie 141. The iothl r¢%¢rw¢s available io ihe SoLiety for the day-to-day aeiiviiies ihai are noi designai¢d or Tesiri¢i¢d amouni¢d 10 £4.781.716 12023.. £4,76.1,0991. In¢luded In this ioial. ib an amount of £1.291120 12023.. £X55.3571 representing ¢he value of ¢hurrhe% aiid other functional PTopertie5 which are nol be u5¢d to g¢neiale funds. The mo7gement durhng the year largely r¢late5 to Con)niunity I louse r¢novalion work. Conelu51on 2024 'a& 3 5atibfa¢tory )'ear in the lift of (r Prownce since th'e were able to maintain all our commitments. Althougyh we ¢oniinue ¢0 suffer from la¢k of r¢¢ruit5. in this we are no diff¢rrnt to many other Reli¥ious Orders in Britain. For and on behalt of the Board of Trustees= 12-08-2025 Date.. Fr Richard Zeng.Nlwai' SDS Provlnclxl Superlor ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 R¢feren¢e and administrAti&n details Trusiees Fr Richard Mway Zeng. Provincial and Chatr Fr Michael Doherty. Vicar provinci8] and Bursar Fi Paul Harris Fi Thornas Malal Mu¢hail Provincial Office 189 High Road Harrow We8]d Middle%e¥ HA3 SEE Charity Registration No 231410 Financial A¢counlaDi io rhe Trustees Evolve Accouniing and Tox Soluiions Ltd CtsngieK% Ho%t. 14 LyoTh RLMd I larro%v. HAI 2EN Investment Advisors BlackRock InVlM¢ni Management (UK} Limited 33 King Williams Streei London EC'4R 9AS AuditOTS UI IY Hacker Young Quzdrani Hows¢ 4 lThon)as More Square London Elll, IYW Principal Banker Royal Bank olscoilal I. FI) Houblon House 62-63 Thrtadneedle St IA)nth)n EC2R IIHP Soliiiiors Slone King LLP 16 Si John's Lane Lonth)n ECIM 4BS ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, respoNslbillilc¥ $tatcment The inlsiees are responsible tor preparing the Tn]siees' Annual Rew>rt and the financial statemenrs in accor(iance with applicable law and United Kingdom Accouniing SLgndards (Uniied Kingdoin Generdlly Accepted Accounting Praciicel. The law applicable 10 charitie.% in Englat¥l and Wale% requires the inLsiees io prepa tinancial sraiemenis for each financial yeaT which giN't a true a[ fair '1V of Ihe stale of affairs of the chariry and of the incoimingi resouTces and application of resource5 of the charity for that period. In preparing ihese financial slatellient5. the trustees are required to.. select Suitable accounting policies and apply them coTrsisienily: obseTre the methods and principles irh the Charities SORP.. make judgements and esiimaies thai ar¢ reasonable and prnd¢ni: stste whetherapplicable accounting %iandards have ien followed. subjeci io any depaflures disclosed and explained in the finaneial sia(ements'. and prepare lh¢ accounts on a going ¢on¢¢m basis unless li is inappropria io pr¢sum¢ rhat th¢ chariry will conrinue ID operaiion. The trustee% are responsible for keepinby IC9Uale record% which di.sclo willi re&4onable aUraCY al any iime the linancial po%ition ol'ihe charity and io enable Ihern to ensure thai Ihe financial siatement% comply with ili< C'haTilie Act •OI l. Lnb7land and W21¢s'. the Charity IA¢¢ounis a1 R¢portsl Re&>ul3tion$ 21)OH: and Ili¢ provi%ion% ot. the Iru¥i de¥d. They are al%0 ri4rA)nsiblc for %afegu)rdinby Iheassei¥o(Ihe ¢harity and hence for iakinL re&ionabl¥ %lCPS lor the prc%'eniion and detection of Iraud and breache% of laws and regTula¢ion%. The tru%iee% are alio re%pon%ible for the mainienanee and integrity ofthe eharity arwj fIn¢18] inforniation ineluded on the charity's website. T8Xatlon status The Tru%ieei believe ihai the Society's a¢uviiies are noi subjeci 0110n under the exemption.4 giranled in the Taxe% Act 2010. Statement of dlselosure io Audltor So lar a% IhL Board ol-"fni%lcc% 1.% aMare, thtre is no relevanl audil Infornl10n of which the charity's auditOTS are unaware. Addiiionally. th¢ Trust¢¢% have thk¢n all lh¢ nece%ry sl¢p& Ihol Ih¢y ¢)u&hi 10 hale iak¢n as TnJ%i¢es in ord¢r lo make th¢mel%'¢s awar¢ of any T¢l¢'ani audii inforniaiion and io establish ihai th¢ Charily's audilors are owar¢ of that inforniation. For and on behalf of the Board of Tr*¢5.. Date.. 12-08-2D25 Fr Rlehard Zen% %lwa)' SDS Provincial Superior ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
UHY UHY Mek•rYouNJ LLP ¢hart•v•d A¢¢ount•nts Quadrant House 4Thomas Mor• Squar• London EIW IW¥V INDEPEYDEPIT AUDITORS, REPORT TO THE TRUSTEES OFTHE SOCIETI. OF THE DIIIINE SAVIOUR Opinion We have audit¢d the financial siatemenis of th¢ TnL4ie¢s of t])e Soci¢ty of tlie Dii'ine SaNiour Ith¢ 'Charity') for ihe year ended 31 Decetnber 2024 which Compri the s(alenT of Financial Acrivities. the Balance Sheet, the cash flow sratL'iiiLni and ihe noies to ihe financial sh?lents. including a summary of significant accounting policie%. The financial reN)ning framework ihar has iyen applied in their preparation is applicable law and United Kingdom Accounting Siandards, including Financial Rcponing Swidard 102 'Thc Financial Reporting Standard applicable in ihe UK and Republic of Ireland {Uniied Kingdom Generally Accepted AccLiunting Praciice),. In our opinion the finaneial siatemenlS= give a tnie and fair vi¢w of the sial¢ of th¢ Charity's yffairs &5 ai 31 December 2024 and of its incoining reqources and applicaiion of roUrceS, for ihe year ilien ended: have been properly prepared in accordance wilh Uniied Kingdom Genernlly Accepd Accoun(ing Praciice: and have been prepared in accoTdance with the requirements of the chariti Aci 2011. Basis fur opinio 'L CL)nduciLd our audii in accordance wilh In*maiional Siandar(Ls on Audiiing IUKI IISAS IUKII and applicable law. Our re)n$1b1llLle8 under ihose siaThlards are further dcscrilxd in Ihc Auditor's responsibilities for the audii of the financial sthiemenis %eciion of our report. We aTe independeni ol. Ilie Chariiy in accordance wilh the eihical requiremenLS thai are relevant io our audi¢ of ihe financial ¥tatanLnLs in the UK, including the TrRC's Ethical Standard. and have fulfilled our other ethical re8p)nsibilities in accordance with thcse requireinenis. We believe thai the audii ei'idence we have obiaii)ed is gufficicnt ai)d appropriate to provide a b&%is for our opinion. Conelu4lon$ rolstinE io golnE tontern In auditing th¢ tinancial .%taleTn¢nls, w¢ have ¢oncluded that the Trusie¢s' use of the going ¢on¢ern basis of accountingT in the preparglion of ¢he financial Slateinen is appropriaie. Based on the work w'e have performed. we have nol ideniified any maierial uncenainiies relating to efvents or Londiiionb Ihat. individually. or colleciively. may Lasi 5ignificani doubl on (he Chariiy's abiliiy lo continue as a going ¢oncem for a period ofat leasi iwelve months from when the financial stalements are authorised for issue. Our responsibilities and the re5tM)n5ibilitie5 of the trn5tee5 With resprtt to going concern are described in the relevant sectio5 of this report. Othtr information Tlic other infonnalion ¢ompri5¢5 the inforntiOn in¢lud¢d in the annual report. other than the financial statements and our auditor's report ihereon. The TTusiees are restminsible for the other information. Our opinion on the financial statements d0¢5 not cover tlie other infonnation and, except to t]i¢ ¢xi¢nt otherwi5¢ explicitly staled in our rerATrrt, w'¢ do not express any fom] of assufdnc¢ Concl$l0n thereon. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
UHY UHY Mek•rYouNJ LLP ¢hart•v•d A¢¢ount•nts Quadrant House 4Thomas Mor• Squar• London EIW IW¥V INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OFTHE SOCIETY OFTHE DIIIINE SAVIOUR Our rp0SibIl)ry is to read th¢ other infornution and. in doing so. Consider wli¢iher th¢ otl)er inforniation i. materially inconsisient 1Th ihe financial SL2tements or our knO[edge obrained in the course of the audii, OT oihenvi8e appears io be maierially mis8taied. If 'e idenrify such maierial inconsistencies or apparent Inaterial miqsiaiement%, we are required io deiem)ine wheiher rhis gives rise io a Inaierial Inissiaianenr in the financial siatcment.% themseli'es. If, based on ihe '01k 'e have rf0m)e4 we conclude ihai ihere is a material missiaiemenr of this oiher infom)aiion. we are reqUId 10 report Ihai faa. We have nothing io rew)rt in ihis regard. Matters on whiLh are reqvlred io rtptsrt by txetptlon In th¢ libNhi ol-lhe knuwledge and iinderN14Lndillg of the C"hdriry and ils ¢nvironm¢ni obtain¢d in the cours¢ of the audii, we have not ideniified material misstalements in the Trustee's Report. We have nothin¥ to repon in respect of the following mailers in relaiion w which the Chariiies Act 2011 requires us io report to you if. in our opinion.. Ihe infomiation given in ihe Trustees Rert is inconsisni in any Ina*rial res¢1 with the financial staieineni8' suITicieni accounting record4 have no¢ been kepl. or IhL Iinancial Si£ltcmLnis are noi in aellent wilh ihe accouniing records aThJ reNms' or we have not received all ihe infom)aiion and explanation$ we require for our audit. Rospothslbilltles of trust¢¢s As explained more fully in ihe Sialemeni of Twsiees. R¢.%ponsibililies. the Trusiee% are responsible lor the pr¢paration gf ihe financial slal¢menls and for being satisfied Ilial they giv¢ o true ond fair Wi¢.. and for su¢h internal control the Iruslees determine is ne¢e&vry 10 ¢nable the pr¢parJlion of finan¢ial slat¢inents thal are free from material misstalemeni. whether due 10 fraud or error. In preparing the Iinancial siatements. Ihe Tnjsiees are responsible for assessing the Chariry's ability to continue a% a going concern. disclosing. as applicable. mailers relaied to goiny concem and u%in¥ the going concem basis of accounting unless the trustees either intend to liquidate the Cliarlty or to cease operations, or have no realistic altemative but to do so. Auditor's responyibilitie$ for the #udit of Ihe finaneial stalements Wc liaN'c l)ccn appoinicd as auditor undcr section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Aci. Our objective% are to obtain reasonable assurdnce atx)ut whether t]ie flnancial statejnents a M,l)ole are free froin material missiatement. w.hether due 10 fraud or error. and to issue an auditor's reFrf)rt tha( includes our opinion. Reasonable a&surance is a high level ofassurance but is nor a guaraniee Ihai an audii conducted in accordance with ISAS IUKI .111 alm'ays detect a material mi&statement w,hen it exi%ts. Mi%stateinents can ari.%e froin frnud or etror and are ¢on5ideied material if. indii"idually or irt the a¥bFre¥ate. tl)ey Could ieasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 10 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
UHY UHY M*ek•rYouNJ LLP ¢hart•v•d A¢¢ount•nts Quadrant House 4Thomas Mor• Squar• London EIW IW¥V INDEPEYDEINT AUDITORS, REPORT TO THE TRUSTEES OFTHE SOCIETY OFTHE DIIFINE SAVIOUR Irregularities. including fraud, are instances of non-comp11ae wilh laws and regulations. We design procedures in line with our reStsibIlitIes. outlined above, to d¢teci material Inisstateiiients in r¢spect of irregulariiies, including fraud. The exieni io which our procedureg are capable of de¢ting irregulariiies. including fraud is dLiailcd below: Based on our undersianding ofihe charity and the industy iii 14'hi¢h il operaies. we identified ihai (he principal risk% of non-compliaDCC wirh laws and regullon% relaied ro die acrs by ilw clwiry, whicli weTe conirary to applicable laws and re¥ulaiions including fraud. and we considered th¢ ¢xl¢nt lo which non-¢oinpliance mi&yl)t have a material etTect on the flnancial siaieinenis. We also considered ihose laws and regulations ihai have a direct iinpact on ihc prepardiion of the financial STalnenTS such &s Ihc Chariries Aci 2011. We cvaluarcd manag¢iii¢nt'% inc¢ntiv¢s and opportyniti¢s for frdudul¢nt Inanipulalion of tli¢ financial 4tat¢ii)¢nt% lincludiii the risk of override of controls). Our 4PPToa¢h to ideniifying and asse55ing the risks of malerial mi¢tement in respect of irregulaTIti¢s, includins) Iraud and non-compliance with laws and regulaiions, wa8 as follows.. Ihe engagemeni panner ensured ihai the engageineni ieam collectively had ihe appropriate ¢on)peten¢¢. ¢apabilili¢s and 4kill% to id¢nlify or recog]iis¢ non-¢oiiiplian¢e with appliLable laws and re¥ulaiions; we identified Ihe law.s and regulaiions applicable io ihe Charity through discussion% with directors and oiheT Inanageineni. and from our commeTcial knowledge and experience ol-Il)e %ecloT: and we fOcud on self1¢ laws and regulaiiojks which we considered n)ay have a direct niaterial effeci on the financial stsiemenls or ihe operations of the chari¢y. including the Charities Act 2011. daia proieciion, anii-bribery and o(her relevani legislation. We asse.%%ed the susceptibility of Ihe Charity's financial statements to maierial misstatement, includin obtaining? an undersianding? of ho. fraud mighi occur. by.. making enquiries of management as to M'h¢re they cojisid¢r¢d there was sU¢pt1b]lIty to fraud, Iheir knowledge of actual. suspecied and alleged fraud; and ¢on.sidering the internal contro15 Ln place to miligate ri5k5 of fTrud and non-coinpliance witl) laws and regulations. To address the rLSk of fraud through management bias and override of controls, we.. perfoTmed analytical procedures to identify any unusual or unexpected relation%hips: iesied journal entries to ideniify unusual transaciions: assessed Th'hether judgement5 and a55Utnptions made in detemiining the accounting estiinates were indicative of potential bias.. and inyestigaied (he lOnale behind significani or unusual ttaJLsaciions. In response to the risk of irregulatilies and non-compliance with laws and regulations, wede5igned procedures which included. but were noi limi(ed io.. agreeing financial statement di5closure5 to underlying sUprting d(Kumentation' reading the minutes of meeiings of ihose charged wilh governance; enquiTing of rnana¥etnent a5 to actual and potential littgation and claims- and Obtaining soliciior's conf1rnlIO Tegarding any acwal or wieniiaj claims. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
UHY UHY Mek•rYouwJ LLP Chart•v•d A¢¢•unt•nts QLsadrant House 4Thomas More Squara LorKSon EIW IW¥V INDEPEYDEliT AUDITORS, REPORT TO THE TRUSTEES OFTHE SOC.IETY OFTHE DIIFINE SAVIOUR There are inherent lirnitations in the audit procedure5 described alx>ve: any instance of non-coinpliance with laws and regulaiions and frdud hICh is far removed from iransactions reflecd in the financial sthiements woiild diminish the likelihood of dete¢lion. Funhernior¢. Ihe risk of noi deie¢ting a mot¢rio1 mi%siat¢inent due to fraud is greater ihan the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by. for example, forgery or inieniional misrepresenraiion. or through an aci of collusion ihat woiild initigaie internal cotjtrols. A funher description ofour res¢x)nsibilities for ihe audii ofihe financial gthtemenis is locaied on ihe Financial Rcponing Council's H'ebsite at: hrtp'.Ilwww.frC.org.uklaudiiorsrpoD%lb1liIJe. This description forjns part of our auditor's r¢port. Usc of our report This report is made solely lo ihe Chariiy's Trusitts, as a body. in accordance with die Charities Act 2011. Our audit work h&$ been undenaken so thai we mighi siaie io ihe Cliariiy's Trusiees ihose Inariers we are Tequired lo qtaie io Ihein in an audiiors, rerrt)n and for no oiher purrK)se. To the fullesi exieni pem)illed by law. we do not accept or &ssume re8ponsibiliiy 10 anyone other ihan the Chariiy and its Trustees as a b(KJy. for our audit work, for this report. or for Ihe opinion8 we have fomied. LA4y Y-* UIIY IIAcker Young St&tutory Audl¢or Quadrant House 4 Thomas More Square London Elw IYW Date.. 12-Oe-2025 UHY Hacker Young is eligible foT aptK)inlment as auditor of the charity by virn]e of its eligibility for apr>ointmcnt as auditor of a company undcr scclion 1212 of tlic C.ompanics Act 2006. 12 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE STATEI¥IEf+rr OF Fif4ANCIAL AcfiN'ITJES FOR THE YEAR ENDED 31 DECEIIBER 2024 Total Funds 2024 Tot*1 Funds 2023 As Restaled Unre5trlcfed RLStTlcted FuDds Funds Note Income and endowmeni$ from: Parish collection5 Priests, salarie5. pensions ar pastoral offerings Donations and legacies Investments Oiher 158.959 70 J27.746 158,959 140.554 385.971 203,974 19,1184 145,173 133.051 403,181 194,¥66 24,441 140.484 58.225 203,974 14.994 4,1190 Total 417.677 491.665 )9,342 900.712 Expcndlture on: Chariiable aciifvilie.q Other expenditure 4(a&bl {462.643) (490,9101 1953.5531 1934.978) 97.523 Total 1462.643) 1490.9101 1953.5531 1¥37.455} N¢t In¢om¢l{¢xp¢ndlturc) 144.9()6) 755 144.2111 63.257 Other recoxnlstd Ralns: Nei gainillos51 on inve51ments 138.204 138,204 190.139 Net movement In fyndg 93,238 755 93,993 253,396 Rcconcllladon of funds: Total tund% brought forward 5.977.(rf)8 220,323 6.197.931 5,944.535 Total fund5 Carried fonvard 6.070.846 221.078 6.291,924 6.197.931 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 13
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE BALANCE SHEET AT 31 DECEMBER 2024 2024 As Restated Flxed assets Tan¥ible assei5' Investments 1.291.220 4.721,017 855,357 5,032.813 io 6,012237 5.88R,170 Current assets Debtors Cash al bank and in hand 90.542 338.026 74.951 483.876 Net Current asseis 428.568 558.X27 CrLYllior*.. l.l#bllltles fallln% due wlthln onc l2 1148.8811 1249.066) Toial &88ei8 les% curreni liabilities 6.291.924 6,197,931 TotAI rtti 855ets 6.291,922 6.197.931 The funds of the ehlrttv: UnTL%lriclLxI luiid% (ieneral lund% De%ibinaied fund 4.781,716 1.289,130 4.763.099 1,214,509 14 6.070,846 5.977.608 Re%lricted lunds 221,078 220.323 6.291.924 6,197,931 L2-oe-2025 The financial statements on pages 13 10 29 i¥ere approved by the Board of TnL$l ¢)n ................................ and signed on its behaifby.. Fr Rl¢hard Zcng Mw#)' SDS Provln¢i#l Superlor STATETrIENT OF CASH FLOII'S ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 14
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE FOR THE YEAR ENDED 31 DECEMBER 2024 2024 202J Notes As Restated CAsh flows from operatine atiivlties Net Lash used in i)peTaiin¥ actil'ilies {A) (342.777) 1162.834) Cash flows from investing activities Dividttjds, Interest rents fruni investrneDts Purcha%¢ of Tan&Jibl¢ Fix¢d k%s¢is Proce¢d% froin di%p).%al of inv¢sttnents 203.975 1457,(H81 450,(M)O 194.866 Net cash provided by investing afflivities 196,927 194.51( Net movement in cash B) (145.¥50) 32,032 IA) RLonclllatlon of net Inc¢bMe to net cash llow (rom operatlng aetlvltles Nei incoine lor the rep)rting peri(xl la% per the 8iatein¢nt ol. finan¢ial a¢tiviliesl Adju%lment% lor.. Depre¢iaiion Ciain% on invesiments DividLnd%, interest and rents from invewnenLS IncrL'a%e in dcb¢ors DeLfccise in Lrediiors 93.993 253.396 21.1115 (13R,2041 (203.9751 {15,5911 (100.185} 12.044 1190,139) 1194.X()l)) 16,340) 136.929) Net cash used in operating aciivitie$ (342,777) {162.X34) IB) Analysls of chanees In c8h balances drIng Ihe year Cash and d¢p05its l January 2024 Cash and d¢p05its 31 DeMber 2024 483.876 338.026 451.844 483.876 Increase/lDecr&ue) in cash {145.8SO) 32.032 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC Is
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECETrIBER 2024 Accounting policie5 Charity informatio The Society of ihe Divirte Saviour I'"the ¢hariry"l 1% a charity regisiered In England and Wale% and governed by a declaration of trust dad l December 1948 las ameTrJed by lUtIOn dated 23 May 2012}. Ba515 of accountin£ and as5e55meDt of 2OinE CODcern The linancial 4iaiements have been prepared in accordance wilh the ¢harily'% Trusi Deed. the Charitie4 Act 2011 and Ac¢our)ting and Rep)rtir)g by C.hariiie%." $thmeI of Recommended Praciice appljcable to charities preparing Iheir accounts in accordance w'lth the Financial Reponing Slandard applicable in the UK and Republic of Ireland IFRS102). The S(xiery ol'ihe Di%'ine Saviourmeei% Ihe definition ol'a public benefii entity under FRS 102. The linancial ststcmeni% are prepared under the historical ¢osi¢onvention. with iheexception that invesimentsare included The Trustees consider that there are no rnaierial uncenainlies about the Trust's ability lo continue as a going con¢em. With r¢4p¢¢i io lh¢ n¢xl r¢p)rting peri(Kl. th¢ most signifi¢8ni ar¢&s of uncertainly Ihai atTe¢i th¢ carrying value of asseis held by the Ttwsi are the level of invtsimeni rerum and ihe r10Mlai)Ce ol. (he inve%tment%. Ineomln% rc50urct5 Income inLludintsy donations is included in the accouni.s on a receipt% b&si% 1th the exception of bank interest which is re¢ogini%ed on an accwal% ba%is aDd lega¢ie% which 8r¢ r¢cobnisd when 1¢ 1% probabl¢ thai ili¢ lekacy income will be received. All income is shown gross in ihe a¢¢ounts. Reree% expertdtd and tht Allo¢flort tsf eo$t$ All expenditur¢ is re¢ognised on an a¢¢nkils basis. Donations payabl¢ during ihe year gre in¢lud¢d in th¢ Statement of Financial Aciiviiies when ap0Ved by the Trustees and agreed 1th the other organisatioi). Expenditure on charitable activities includcs all c051s incurred by the Society in undertakii)g activities that furthcr the Society'% objecti.C$. This ineludes those suprAm costs and cosis relalin8 lo ihe 8ovcmance of the charity apportioned lo ehariiable act1.111e8. Charithble aciiviiies are analysed by aciivity as follows.. Restricted funds St J05¢ph's Parish The Mi%sion fund The Philangeli Fund SOFTA St Anthony Poor Fund Congo Schoo15 Unrestricted funds The Provin¢ialate lunrestri¢d balance) The Hou%es ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 16
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin% policies (continued) Resources expended gnd the 4lkbcatlon ofcosts {coDllnued) This inLludes Parochial expendiiuTe comprising of ihose cosis arising in connection wilh ihe niaintenanLe of the Society's Parishes ar properties alld the upkttp and trainithg of their members. Advertising and publication cost5 relate io publications whieh SUprt the Society's objtcrives. Cosis Telaiing ioconstituiional and sth¢utory requirements su¢h as preparing stswiory accounis and saiisfying public accounthbiliry are app)rtioned on a percerjiage b&%is againsi tal expen%e% in ihe year. Flxtd a55ets Land and bulldin%5 Land and buildings are included in ihe accounts ar CO or ai TN8rees' valuation where the cosr is not readily aailable. All buildin4 are depreciated on a slraighi line ba%is al 2;, per annum. with the exception of churches. listed buildin8s and Properties held for TestTjcled pury)04es within r£stricied lunds w'here the propertits aTe carried ai cosi and subject 10 iinpairineiil vIeWs, a residual values will be mait)thined Ihrough conrinual impTovemenis. The Sociery owns land thai is occw)ied by an independent charity in the fom) of an academy schts)I, The land 1.% vested in the name of Ihe TnLsiee%. The Tru%lees caniiot take a unilaleral deci.%ioii lo di%po%e ofihi.4 land. Di%po%al can only occur ifthe uyoi'ernor% and ihe Secretory ot. Stole lor Education deLidL Ihai all or part of the school site is no longer required for Lducaiioii. Altlioubth iio ri&>hL% ol-ownernhip i'e%1 in the %¢hool goveming b(Mty, other rJbJhi% and obligaiion%, %u¢h a% for ¢he mainienance ofihe land, are passed io ¢he %¢hool govemor%. The Tm%iee% ¢herefo ¢on%ider Ihai there is no capital value to the Society in ihe h0o1 land. Investment propcrtlcs 8nd deprecl8tlon Investmeni propenies are held for long lemi invesm)ent purwJse5 and are yhown in the accounts at Trusiee%' estimaie of fair value. The Trus5 believe thai the valuation shown is not materially diff¢reni froni iheir open markel '1c. Furnlture? equlpment and vehlcle5 Fumi¢, equipment aThJ vehi¢ie5 are written oifentirety in the year of pur¢ha5e. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 17
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin% policies (continued) Investments Invtsttnents ale a fowm of basic financial instrument and are initially recognised at their tTansaciion value and subsequently rneasured at their fair N'alue as ai the balance sheet date. The Statement of Fin1¢1a7 ActiN'ities includes the nel gains and losses arising on reN'aluation and disposals throughout the year. Invesrmeni propenies are 4aied ai Truses' valuarions after ¢onsulthrions wilh local eski agents. Any unrealised gain or 108 or) Valuation at ihe year-eod 1% taken w the SLitement ol. Firtancial A¢tivilie%. Tran%aciion leeq charged by the JnYe%thieni Manage "he1c ihe fund% are inve%ted in con)mon inve%iineni fund5. are eharged a¥ain5t ini'e5trnenl revenues. The charity doe5 not acquire put option& d¢rivaiives or other complex financial instrumenis. Flnanclal In$trumcnts The charity only has financial assets and financial liabilities of a kind Ihat qualify as basic financial in%trumenL%. Basic financial iThsiruments' are initially recoBnised al Iran%aclion value aijd sub%equenily me&sured ai rheir seiilemeni value. Ba4ic linancial a%%el%, w'hich include debtOT¥and c&sh and bank bala1e1. are inilially Inea%uTed al Iran%aciion Price includins Irdnsaction co% and are sub%equently carried at amorti8ed co41 u4ilib the e17eclive iiilere%l method unlek% the arranuiemenl consiiiuie4 a fEnancing Ianellon, u'here Ihe iraii%aeiioii 14 n)ea¥urL.d al the pre%eni value of the tuiure receipts discounted ai a markei ra or Inieresi. Financial assets classilied a% receiable wiihin one year are not amorti.%ed. Other tinancial &s%el. including inVestnnIS in equiry inrUMenl$ which are not subsidiarie4, aswciates or joini fventure%, are iniiially mea%ur¢d ai fair value, which is nomully the Iran%action pnce. Such a%sei% are ub%equenily carried at fair value and ihe changveb in fair value are r¢cogni4ed in profit or ex¢epl thai ini'e%¢menib in equity insmjments ihai ar¢ t)oi publi¢ly traded and whose fair values cannot be me&sured reliably arc m¢asured at cost less impaimienl. Impairmenl olfin4ncialo.fseis FinanLial ae1%, oiher than ihose held at fair value ihrou8h profit aTMI loss. are &s%&s%ed tor indiealors ot- impoim¢nl 01 each r¢porting end da. Financial assets are inipaired where there 15 rt)JectiN'¢ 'IdeNce that. as a tr5uIt of one or tnore eNents that occurred aft¢rthe initial recognition of the financial asset. the e51imaled future cash floii."s have bttn affected. If an a5sel is impaired. the inipairnient Ios5 LS the difference betsveen the carrying amount and the present value ot. the eslimaied c&sh flow's dIOUnd at the &wi's origjnal effective in*resl rdte. The impairnienl Ioss is re¢ognib¢d in profLt or loss. If there is a decrease in the irnpairment Ios5 arising frorn an event rUlg after the impaitJnent wa5 recognised, the impairn]ent is reversed. The reversal is such thai the current carryingamount does not exceed what the carying amount would have been. had the impairnient not previously been recognised. The impaiment reversal is reeogni%ed In profil or I8. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 18
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin% policies (continued) Dere¢'fJ¥nitiuv uffiN4v¢'io1 o4.iets' FinanLial as5els' are deTeLvgyni%ed only when contractual tights to the cash floH?s froTn the asset expire or a 5eiiled. or when the group trnnsfews ihe financial a55ei and subsiantially all ihe risk and r¢waTds of owneT5hip to another entity, OT Lf 50rne sigllificanl risks and reward5' of ownership are retaii)ed but coiiirol of the a5sei has transferred lo another party thai is able io sell Ihe asset iii lis entirety io an unrelated third party. FioanLial ljabililith aod equily irt%irumeni8 are cl&i8ified accordjng io the substance of the contracnwl arrangements entered inio. An equity instrument is any conrract Ihai evidence5 a residual interest in the asse15 of the group after dedueting all of its liabilities. Ba%1¢ tinan¢ial Iiabiliiie%. Including crediiors, bank loans, loans from fellow group companies and prcfcrcnce %haTe% that are cla%%ified a5 debi. are iTrilially reco#ni%ed al tran%aclion price unle45 the arrangwtmenl con%iiluie4 a financing traThsaciion. ii'here the debi insinllneni is measured al rhe PTesent value of the ti]iUTe paynieni% di%counled ai a niarkei rd of inleresi. Finaiicial liabilities elassified as payable w'ithin one year are noi amonised. Debi insiNmenis are $ubqequenily carried ai amortised wsi, using the efteciive inieresi rate method. Trade crediloTh are obligation% lo pay for 8(xMl% or service.s that have been acquired in the Ordinary couThe ot. b51¢5 troni %uppliLTr. Arnouni% payable are clasified as current liabilitie% if payment 1% due withiii one year OT le4%. Ir not. they are pre%enied non-eurreni liabiliiies. Trade creditor% are Tecobyni%ed inilially al tran%a¢¢ion price &nd.subbequenily measured at anK)nibed cost using the elleciive inierest methtyj. Oiherfinancialliabililie DerIvatie%, includiiib) inierest raie swaps and torward foreign exchange contrdffls. are noi basic financial Inbtrumeni%. Denl'atil'eb are iniiially recognised ai fair value on the dale a derivaiil'e Contract 1% eniered into and are %ub%equ¢nily re-me&%ured at their fair value. Chanbies in the fair value of derivaiii'e% are re¢ob>nid in profit or lo%% in finance ¢0515 or finance Ion as appropriat¢. unless hedge accounting is applied and the hedge is a ca%h flow hedge. Debi instruments that do not meet the conditions Én FRS 102 pardgraph 11.9 are subsequently mea%uTed al lair value Ihrough profit OT los. Debi insirumenLS may be designaied a% being measured ai fair i'alue ihrough profit or losb to eliminate or r¢du¢e an a¢couniing mismai¢h or if Lh¢ instrumenis me&sur¢d and their perfomiance evaluated on a fair 5.alue ba5i5 in a¢¢ordan¢e 1th ado¢umend risk management or investmei)t strategy. Derecoxnilion offinanciÈTI liabililies Financial liabilitie.s are derecognised when the group's contraetual obligalions expire or are diharged or can¢¢lled. Foreign currencie5 With the exception of balances in the fLnancial statements of communiiies based in Ireland. monetary assets and liabiliiies denominated in foreign currencies are ifdnslaied inio poutml sterling ai the rates of exchange Iing ai the balance sheet dale. Transaciion8 in foreign currencies are recorded at the rate nlling at the dale of the transaction. All diffei¢tLce5 ale tsken to the of FinaTKial Activities. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 19
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin% policies (continued) The linancial %iaiemenL% of ihe Society's ¢ommunilie% in Ind are ¢tan%laied Into sterling using the year end e¥changTe rate. All ditTerences are takeTr kn ihe of Financial ActJvitie5. Value added tax Value added lax 15 not recoverable by the &Kiety and is included within the relevant costs in the Statement of Financial Acii%'ities. Government grants Governnienl grants are recognised on the aceruals niodel and recognised ai the fair a]e of the asset received or receivable when there is reasonable assurance thai the grani conditions 111 be mei aiid the granis will be received. Fund aeeountlnE Funds held by the Charity are either- Unreslricied general funds - Ihese are fut)(ts which can be used in acwrdance wilh the chaTitsble objecL$ ar the di4cretion ol'ihe Trn4lLes. De4i8naled fun¢l%- these are funds w'hich are Sel &side by the Trustees for srRcific pury)ose5. Further details ofthe nature of Ihe%e funds are prob'ided in note 14. Restri¢¢ed funds - these are funds Ihat can only be used for panicular purposes wiihin the object$ of the Charity. Re%tri¢tions ari.se when specified by the donor or ii.hen fund4 are rai%ed tor particular re4iri¢ied purry)%L%. Furthcr deiail% of ihe naiure and pury)o.%e of each rcsiricied fund are de.%CTibcd ii) nole 15 10 Ihc tinancial slalements. The Chariiy h&$ no sei )I1¢Y on transfers beNeen funds. Dethils relatin&> ¢0 specific transfery, if any. are sel oui in nob 14 and 15 10 ihe financial sthtements. Crltle#l ¢couniln% e5mIleS #nd JwdRtmtnts In the applicaiion of the accounting policies. the TnLslees are required to make judgements. e%iimat&% and assumptions aboui the Carrying amount of ass¢is and liabilili ihai are noi readily apparent from oiher bources. The e5¢1maies and &5bO¢iated a55umptions are babed on histori¢al experience and other fa¢lors thai are considercd to be tElevanL Actual resulis may difftr from these e5timate5. The e5¢imates and underlying uMPtIOnS are reviewed on an ongoing basis. Revisions to accounting estimates are Tecognised in the period in which ihe estimate is revised where the revision affects only that period, or Jn the period of Ihe fffvision and futu peri(xls Whe ihe revision affects Ix)ih Current and future periods. ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 20
SOCIETY OF THE DIVINE SAVIOUR BRITISH PR(PROVINCE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin% policie5 (continued) CTili¢'Aljudgements- ofinve¥lmenlpropertitS InvestTnent properties are valued annually ai fairN'alue. Fail value isas¢ertainI through a Tei'jewof a number of factors and inforniation flows. including maTkei knowledge. recent marker niovement5, recent sales of sitnilar Properties, historical experience, renr le%'els and rhird parry alUatIOn for propery al 70 Charlestow Park. There is an eviiable degree of judgemeni involved and value can lY be reliably %ted uliimately in the market itself. Total Funds 2024 Total Funds 2023 Unrcstricied R¢stri¢ted uDds Funds 2. Investment Incomc Renial incomc t'rom invesimen¢ propernies Dividend% rtteivcd Bank inierest received 136.95¥ 62.360 4.656 136,958 62,J60 4,656 116,$44 74,516 3.XO6 203.974 20.1,974 194,M66 Tot1 Fund5 2024 Total Funds 2023 Unre5trlcted Restrlcted und$ Funds 3. Other Incomc Other inconie Gift Aid relund 4.890 4.890 14.994 1.240 23.201 14.994 14,994 4,890 19,884 24,441 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC 21
soci&'ri' rHL DIVIN SAI'IOUR BRII'ISH PRO-pRO.1NcF. N()TTr.S TO THF. AC'COI'.liTS FOIi'I'Hb. Vb.AR Tr.D.D 31 DF.CF.MBER 11124 4& PbU&DL¢J¥ sow Tbr Th¢ zo 99.?46 1.915 4¥.J42 74 5.375 2.100 J9.887 J*.7 2.677 41.90 24.720 I?2 24.720 2.631 28A87 43 7.¥21 S.(} J.)0? 3.3QY 14.1 14.1% l_W41 427 421 594 1.VW) I,(9 12.1y) 12.32Q I?8$ 5375 49).910 942.OJ3 11.sJTr 211.4Ofj I.?85 5J73 ).910 4%6.fy13 4{Tr2.3 22 ENv37846s5193AÉE-lfj-ADEB 0811212025 14.'OO PM UTC
soci&'ri' rHL DIVIN SAI'IOUR BRITTSH pRO-PRO.1NcF. NOTTr.S'1'O'I'H. AC'COI.'N'IS OR'I'HTr. VTr.'AR Tr..D.D 31 DTr.CTr.MBTr.R 2024 4b. C•thpArtle of thrltble Èiphdlt•te lvktrd SOFI $ub- Pvk
d
Th HDulrl 2123 Arlkn.l¢lci undcrtAkDdlrt(Ily l)Q.7gO 13D.IM 199.¥4b 17R.I JThi 51.684 1.570 SSA J7.4 wv .42% 89) 5&162 i?A %6.162 27.1 2&J32 28J32 257 22.W3 32 .?44 6.1 0.79J 12.N4 6.793 1.¥4 7.1.40 4Jo liJ.929 .157 .438 2A63 403.]01 uppryrt£Qs¢1 *01.869 lJ5.•29 4th.157 471.951 474.821 23 ENv37846s5193AÉE-lfj-ADEB 0811212025 14.'OO PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2D24 Other expenditure Total Funds 2024 Total Funds 2023 Unrestritted Restricted CompensatÈon claim (97.523) 197.523) The provisiort for compen.%aiion claim h&4 been reduced io nil &% the compeJLsation amouni ha% been paid in May 2024. Stgff costs and numbcrs 2024 2023 Salarie Social %ecuTiry Costs Pension eo.4ts' 68.271 70.323 3.095 3.066 71,366 73,39 Salary cosi% are ineluded wiihin direct parochial ¢xp¢ndiwre. No employe¢ r¢c¢iv¢d emolum¢nt% in either year of more ihan 161).(KKJ. The ai'eruge M'eekly number of employees during the period. calculaied on the basis of full tiine equivalcnl¥, was as folloM'5'. 2024 Number 2023 Number Administraiion and SUp)rt Tr*n5#Ctlon5 Y•lth Tru51ee% The truste ofihe S(Kiety are also Mem[% ofthe Society and &s such have taken vows ot-poverty under whi¢h they have r¢noun¢¢d all righis 10 in¢ome and ¢apiial. The Socieiy provides for the esseniial needs of all the member5 and Iherefore the liking ¢0515 of the tmStee5 are bome by the Society In the same way a5 Ih05e of other tnernbet5. The ItU51¢e5 Iheiefore i<reive benefit by N'itlue of theLI P051tion as tru5tets which leave them frtt lo carry oui Iheir prime purpose. lo adiance the Rolliaii Latholhc religion. No remuneration ha5 been paid lo the trustee5. An annual levy 01£16,61412023'. £22,903) was pa SDS Rome. In addition to this the following transactions with Trustee's have been idenlified.. Travel eXnSeS tor Rei, Paul Harris io allend Cjeneral Chapter in Poland of £53312023.. £Nill. Loan made 10 Refv. Paul Harris of £3_5k, ii'hi¢h has beert paid befo (he Jear end12023'. £Nil). Visa expenses of £3.385 and trah'el ¢xpense5 of £1.181 for Rei. Thonias Malal (2023.. £Nill. 24 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2D24 Taxation The Trn.qt's chan¢able a¢¢ivilies lall M'iihin the exempiiort% afforded by seciion 406 to493 Corporaijort Tax Act 2010. Accord)llgTly. Ihete 15 no ¢OTtK)ration charge in these accounts. Tangible fixed assets Freehold land and buildings Cost A5 al l January 2024 Additions 1,038.621 457.048 As at 31 December 2024 1,495,669 Depreelatlon A% al l January 2024 Charge for the year 1113.264 21.1115 A4 al 31 December 2024 204.449 Net book value A% at 31 Dei¢niber 2024 ,291.220 As at 31 December 2023 855,357 All fixed assets are used in the direct furtherdnce ofihe Chariry's objects. One of the propenies included wiihin ihe atKTrve has been sold in May 2025. Inve$tment$ Initstmen¢ propcrllc$ 118nag¢d funds Totsl Fair value ai l January 2024 (As Restated) 2.043.018 2.989,795 5.032,813 Disposal (450.0(M)I 1450,000} Revaluation gain 20.9 117.295 138.204 Fair value ai 31 December 2024 2,(3.927 2,657.090 4,721,017 The Trust a&sess the faÈr value of the investment proFtrtie5 comparing the current value to the open market aIlle at the riOd end. An}. changes in the tair value aly recognised in the SOFA. 25 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. InTr'estmeNts Icontinued) All ot the investments ii'hich are held in eommon managed ndS are ineStmentS with a geographic focus In the UK. Included within ihe Jni'estsneni KK)rtfolio a¢ the J'ear*nd 'ere the follL)wing Inestmen1$ in the portfolio.. BlackRock Charitie5 UK Equiry FutKI BlackRock Charities UK Bond Fund 96Y. 4Y. Nelgains/(lo¥ses) on inFYs¢ments 2024 2023 As Restated Revaluaiion gainlllossl on managed and invesimeni properties 13%.204 190.139 138.204 190.139 For ihc yearendcd J l Dcccmbcr 2023. there has bcen an rever7 ofa revaluarion gain Previously reported on one ol'ihe inve%imen¢ propertie%. Plea%e gee Noie ? I for details. Debtor$ 2024 2023 Other debtors A¢¢rued Income Prepayment 51.705 23.600 15.237 30.362 26,6(K) 17.9%9 90.542 74.951 12. Credlior5: 8Tnounts fsllln% due Jvlthln one l'ear 2024 2023 Other CTeditOTS Accrua15 ProvLSLons for compensation clairns 104,368 44.513 117.847 24,720 l(K>.499 148,881 249,066 The outstanding legal ca5c for yvdr end 31 December 2023 has been settled in May 2024. 26 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Financial instrurnent5 2024 2023 As Restated c.arrying lmount of ssets tkbi inslTum¢nt5 m¢asur¢d al atnvrtised cost Instruments measured ar fair value through profjt or loss 428.568 558.827 4.721.017 5.032,813 5,149,585 5.591.640 C.)rrvlng amount of flnncl41 IlbllSllcs Other creditor5 1148.881) (249,(166) 5,000.704 5.342.574 For the yearended 31 December 2023. there ha8 been an reversal of a revaluation gain previously reported on one of the inveslrnent propertie5. Please see Note 21 for details. 14. D¢slRllXt¢d fund5 Openlthg Tr8thftr bAlaD¢e from n•llstd xainl general fuDdi Ik)sse51 Closln8 blaTr¢e Income Eipenses Insuranc¢ fund 1.214.509 74.509 902 17901 1.2x9.130 The ReliremenVln%urance fund was up by the Trusiets and is desi8nated speciflcally for the %ick and r¢lired memb¢T% ofihe Ord¢r. 15. Re$trlcted funds Oprnln% blante C1051n% b#lnte Ineome Expenses The Mission fund The Philangeli Fund SOFIA St J05cph 5 Parish St Anthonv Poor Fund Congo schools l()0.4131 7.4115 111,1071 164,0351 16.806 261.343 2.439 {1.029) 282,329 1282.4661 16.669 195.418 1190,7¥51 265,976 1.05¥ 3.497 5.375 {5.3751 11.029) 22U.323 491.065 149U,91UI 221,U78 The Mission fund relates to a¢hvihes in sUPPOrt of the Order s mibsion abroad. The Philangeli fund consists of a legacy giicn to the OTder for the adlliini5tration of a pious a550ciation. The Parish fund relates to actii'ilies in suppon of ihe Parish Church ofst. Joseph'5 M'eald5tone. St Anthony Poor fund is a resirieted fimd sei up io assisi Ihe most disadi'antaged in sociery or those facing Serious fjnancial prob]en, the poor. This fvnd is rlln ai ihe discre(ion of the Proi'incial and the Parish Priest of St Joph's. 27 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. Restricted funds (cotinued) The Salvatorian Oftice tor Iniemarional Aid I"SOFIA"} is the Rome-based delOpment office of the Society of the Djvine Saviow. li w&% set-up Jn 2(M)8. under Ihe CTetheral Mi%siort Se¢retsTJaL 10 ¢(X)Tdinate %o¢ial and pa%ioral pr()je¢L% ol'ihe CongregJ¢ion irt deKelopithg Couniries for the benetit of the poore%1 and most rnarginali¥.cd. those the SDS Faihers and Biothews a1$1 Tth their PTesence in the 14iorld. SOFIA works along ihree key areas of operation.. I I Projecr design and rnaiiagen)eni, 21 Fundrdising. iietworking and communication, 3) Training and organizaiional d'elopMen1. Misean Cara - Mission Supporr from Ireland is one ot. the key donor partners of SOFIAISDS arjd ihey enjoy over len Yea of positive ctsllaboraiion having held develop %evernl IDiliati&e% for the %ocial and human deN'elopmeni ol. the poore%t among the ir) Aliica. A%ia and Laiin America. The RBS accouni. 8ince the %tsrt of it% ue in 2023, has been receil'ing grants appro%'ed by Ihis Irish rur7[bg agency that are then transferred to rhe local mission {i.e. to the project}. COngo.qch]S funds relate improving educ10¢) and %hool equipmeni w School in the DR Congo. 16. An#ly$ls of net 1S8¢1$ bets'een funds Urttle1Cd funds Re$trl¢i¢d funds Total Tangible fixed assets Inve¥lm¢ni Current Current liabilities 1.070.915 4.721,017 355.205 76.291) 220.305 .291.220 4.721.017 428.568 I148,81) 73.363 172.SYOI 6.070,846 221.078 6.291.924 17. RelAttd pArty' irns#eilons SDS Rom¢ i% th¢ Moih¢rhous¢ IVliim21¢ f.oniroll¢rl ofih¢ So¢iery orth¢ Divine so10Ur worldwid¢. An annual leNy of £16,61412023'. £22,W31 was paid ¢0 SDS Rome. In addition to this the following transactions with Trustee s have becn idenlified.. Travel eXnSeS tor Rei, Paul Harris io aind fjeneral Chapler in Poland of £53312023.. £Nill. Loan made to Refv" Paul Ilarris of £3.5k, ii"hi¢h has been paid before ¢he year end120?3.. £Nil). Visa eXn.S of £3,385 and ira%'el eXnSeS of£i.1111 for Re& Thoma% Malal12023.. £Nill. Thcre arc a numbcr of bank accounLS included under the name ofihe Socicty of ihc Dii'ine Saviour that are not included th"iihin these financial biaiements as they rela ¢0 individual members. The Society includes Ih¢m undertheir name wilh thth"rbank to berit from better int¢res¢ raiesand I0.er bank ¢harg¢s. 18. Subsequent Events On 31 bl March 2025, Ihe ¢harity compl¢*d the pllrchw ofa leasehold property lo¢aiedo1 Flai4 Lexingiom Apartments, 224 High HaTroM". HA3 7BA. foi a total consideration of £285k. The pr(wrty will be ubed to support thr ¢harity s on¥oing operations atKI KTh"ice delivery. On 30" May 2025. th¢ charity compl¢ied the sale of a propty located at 1911193 High Road Harrow, Weald for a total consideration of £1.3¥m. 28 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Subsequent Ei'ents {continuedl These Iransaciion occurred after the reporting dale of 31 Decernr 2024 and does noi relate ro conditions thar exisred at thai date. Accordingly. it has norbeen refleaed in the flnancial ststements forthe year ended 31 December 2024. 19. CapStl Commliment As part of the ongoing capital impro%'emeni progrdmme. renovarion w'orks have been undertaken on the properry held ai Commwiiry House. The cgpithlised expthdjwre io dale is as folloivs.. Expenditure incurred in ihe year ended 31 December 2024.. £457.048 ExpendiDJre incurred in the year ending 31 December 2025 lio daiel.. £582.073 Total capitalised cost of wo$ dale.. £1.039,121 At the reporting date. there are no further contractual cornmilrnents Outstanding in relation to this Project. 20. Comp2ratlve Stfitement of Fln•n¢lal A¢lli'115cs (As Restaiedl Tot41 Fund Unrn$irkted Re4trlcled Funds Fund5 Incorne and endow'ment5 frorn: Pari%h iolleilion Prie%L%' ialarie.%. pen.%ions and pas10ral offerings Donation% and legacies Investmen1% Other J,132 130.981 145.718 194.Ilfé) 142.041 2.070 257,463 145.173 113.051 403.181 194.H66 24.441 19.441 Total 479.697 421.015 900,712 Expendlture on: Charitable aciii'iiies Oih¢r ¢xp¢nditure {474.R211 I4(.157) 1934.978} 97.523 97,523 Total 1433.4381 12511,94U) 1692,378) Net ¢xpcndlture 102,399 {39,1421 63,257 Ihher recogni5ed 10s5e5 Net gain on investment 190.139 190.139 292.538 (39,142) 253.396 ReconciliatioD of fund5: Total fulld5 brought forward 5.685.070 259.465 5.944.535 Total funds Carried forward 5.977.608 220,323 6.197,931 29 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC
SOCIEn' OF THE DIVINE SAVIOUR BRITISH PR(PRO&.1CE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 21. Prior Period Adjustment The Ner moi'enieni in funds for the year ended 31 December ?0?3 has been adjusred due io reversal of a valualiort gairt pre%'Jowqly reported on one of the lnKestsettt properties. The amount of restaiement is £460,IX>9, which iq maierial 10 Ihe fJnan¢Jal sthiement. 31. UDrestri¢t¢d Restricted December Funds Funds 202.1 Reconclllatlon of changes In Funds Adjustment to prlor TrE8r Nei sai(10$$) on inve$imeni properry lealemenT 1460.9091 1460,909} Totsl Adjustment Funds as previously T¢)y)ned I460.9) 6.438.317 1460,9091 220.323 6.658.840 Funds a% adIted 5.977.608 220.323 6.197.931 Reeonclllatlon of chan%t$ In pmlou$ Stitemeni of Fln#ncl•l Aetli,Itle$ 31. Unr¢5trkted RLstrlcted D¢cembor Fund$ Fund¥ 2023 Re¢onelll#tlon of eh*n%e5 In Funds Adjustment to prlor )'e&r Nel gainlllossl on invesim¢nl prop¢ny resiai¢meni I4(.909) 1460.909} Tothl Adjustment Movement in fun(ts as previow8ly stai¢d {460.9) 753.447 1460,909) 714.305 139.1421 Movernent in fun(L% as adjusted 292.538 139.1421 253.396 30 ENV37846651-0934-ABEE-1608-ADEB 0811212025 14."00 PM UTC