Charity registration number: 232541 Roman Catholic Purposes Administered in connection with the Society of African Missions known a5 Sctiety of Afrkan M15sions Annual Rèport and Financial Statements for the Year Ended 31 December 2024 Roman Catholic Purposes Admlnlstered In connertion with the So¢lety of African Mbslons known as S¢xlety of Afrlcan Mlsslons Contents Reference and Adminlstratfve Detalts Trustees, Report 2to8 Statement of TTU5tee5' Resp￿sIbIlItIeS IndepertdentAudltors' Report 10tt514 ststement of Financial Activities 15 Balance Sheet 16 Cash Fknv Statement 17 Notes tothe Finantial Ststements 18to34 Roman Catholk Purposes Admlnlstered In connectlon wlth the Soclety of Afrkan Mlsslons known as So¢lety of African Mlsslons Reference and Admlnlstratlve Detalls Trustees Reverend TJ Ryan SMA Reverend D A Mccaul SMA Reverend R Morland SMA Prfndpal Offl 378 Upper Brook Street Manchester M130EP Charlty Reglstratlon Numbef 232541 SC039285 Auditors The Moffatts Partnetship LLP Suite 1.1, First Floor Jackson House Slbson Iload Sa M33 7RR Solldtws Hill Dickinson SO Fountsin Street Manchester M2 2AS Bonkers Royal Bank of Scotland pl St Anne's Square Manchester M2 7LG In¥estment Adv150rs Castlefield Partner5 111 Plccadllly Manchester MI 2MY Coutts & Co 1st Fh)or, I Splnnlngfields Square Manchester M3 3AP Pergonnel & Hufflan Resources C4rect Law & Personnet Ltd Southerly 7. Waterfold Park Bury B19 78 Page I Roman Cathollc Purposes Adminlstered In connertlon wlth the Sockty of African Mtsslons known as Soclety of African Mission5 Trustees, Report The trustees present the annual report together wrth the fln&nclal statements and auditor5, report of the chartty forthe year ended 31 D￿rnber 2024. St￿￿￿re. wr4ernance and m¥na&ernent Ilature of governlnqdocumeDt Thè charity is an unlncorporated b)dy8ovemed by its Tru5tee5 under a deed of Trust dated 7th September 1963. The Superior of the"Society of Afrlcan Mlsslons" has the power underthe trust deed of the charity to appoint and remove trustees. The Trustees of the $C￿lety are chosen accordin8 to their experSence of the Trust Ministry and of its need t¢* funtt5on actord5ng to law. The Trurtee5 keep thern3elv￿ informed of new developments relatlng to the Trust and when nece5sary* meet to be brièfed on partlcular Issues by theSr advlsors. The TnJ5tees, in the past attended seminars on matters relevant tothe Trust and to the Soclety's mlnlstry. Re¢o8nisinB the need for expertts< the Tru5tee5 have en8a8ed professional advisors In the arèas of finance, investment insurance, law and protectlon of mlnor5 and vulnerable adults. E¥pert5 in Church law are mad• avallable throu8h the Sociews international dlmenslon. lft major d*tisions re8ardln8 the assets of the tnJs( th@trt￿tees seek the advlce of their Professional Athrisots. The Ch¥ity is administered ort behalf of the tnjstees by the Provlncial Superlor of the Brltlsh Prwnce of the Society of African Missions in accordance w(th the constltutlons of the Soclety. The Charty ts part of a wldef Soclety of African Missions which 15 an international group of priests and brothers W￿th Its headquarters at Vla della Nocctta 111 Rom< Italy lThe Generalatel and numbers in excess of 757 members. The internal organlsatlon of the knlety 55 that of fifteen autonomous Provlnces, eSght districts and fo Dele8atlons. Members of the Society are on rni$5ion in Sixte￿ African ¢tyuntries and arè present in nlne European countrie5, India, The Philippine5, United State5 of America and Canada. The Charity 15 the Brit15h Pro¥ince of the Intemational Society and has pastoral responsibilitles for areas ol Mission in Nigeria, (Gombe, Bauchi State & Lafia, Nasarawa Statel and knberla Iwkhin the Archdiocese of Monrovia). The charityalso has reswjnsibllities within the Cathollc Church Ir* En8land antl Wales and Scotland. Relatlonshlps wlth related partles SMA Polkth Dktrlct In Fonnatkbn Th@ SMA Polish Distrirt in Formation are another unil Of the International Groupthat the charlty are a part of_ Page 2 Roman Catholk Puwises Adrnlnlrtered In (onnertlon wlth the Society of African Mi55ions known as So¢lety of Afrlcan Mlsslons TNstees' Report Molor risks •ndmqnqqementof thoserfsks GenemlRbk Pollcv The Trustees fe8ularly review all areas of the Charities activltie5. includln8 personnel and employment le4i51ation, health and safety. operntional matters and fvnding. The Trustees utlllse the services of ouiside consults wherever llEre55ary. Major risks have been ￿￿eWed and 5yStern5 or procedures have been establlshed to mana8e those rlsks. Ob￿dIve$ and actfvttles ObJe¢ts ond vlms The objeuives and aims of the charity continue to be to beneflt the publlc wtth the advancement of rellglous and haritable works in connection ￿th the Roman Cathollc religion. The Charity's aim is to be an effettivÈ re5pon5e to the m15sionary vocatlon of the Church, chiefy in Afrfca and among thè people of African origin. Africa for the SMA 15 the contlnent where we find a welcome, an openness to recei¥in8 Go(fs Word, and a motivation that Inspires our misslonarfes to spend and 8l¥e thelr Ilves. The SMA priests and lay mi55ionarie5 are involved In manyprolects In ihe flelds of.. - pastoral work - educatlon health care - comrnunlty development projects peace and récontiliation initiative5 - inter-religiou5 dizloKue The charities future aims remain consistert vhth past aims, bein8 the advancement of refigiou5 and charitable works in tonnettion with the Roman Catholic religion in the UK and Afrfca Page 3 Roman Catholk Purposes Admlnlstered In connertion wlth the Soclety of Afrfcan Mlsslons known as Soclety of Afrlcan Mlsslons Trurtees. Report Obleciib¥4 strate9les vndartlwitles In all ministries In AfrSca and the United ￿ngdOM the tharlty provldes for thè Spiritual and Material wellbeing ol those entrusted to its care. In Afr*a the charhy artlvety a¢fvances the 8rowth of the Catholic Church on that continent and partlclpates In the socSal development services the Church provldes. In the Unlted Kingdom the charity anlmates the Catholic populatSon and othèrs in the sèrvice of the peoples of the devebping world. In addition, it provldes support for parlshes by providing clergy for shtsrt•term supply. The Society a150 lends its particular mlssionary charlsm while offering spiritual guidance and retreats. These two dimensions of th@ Society's minlstry are combined in facilitating the trnnsrni¥ion of aid and support from Churth members In the Unf(ed Kingdom to thost in need of support in Africa. To its pemanent members the Soclety offers a55i5tance for th•r moral and Spiritual growth. The trust¢¢s ¢ontinue to reviewthe Soclews operatlon and activ5tle6. Publlc benefit The Charity artivltles Include provldlng support and as$15tance In many dlfferent Wav5 lor the public benefit. The Trustees ensuie they continue to carry the charltles objectives for the public benefit and that their artivities beneficially impart on society. All of the Charities artivities hwe a beneficlal impact on s¢xiety. In settin6 our objettives and plannin8 our attivitles the Trustees have 8lven careful conslderatlon to the tharity Comrni55lQn'S general guidantè on public knefrt. The trustee$ confimi that they have complle(I wlth the requlrements of sectlon 17 of the Charftles Act 2011 to have due re8ard to the publlc benef￿ guidance publtshed by the Charlty Commlssion for En8land and Wales. Page4 Roman Catholl¢ Purposes Admlnlstered In ¢onnertlon wlth the Soclety of Afrlcan Mlsslons known as Soclety of Afrlcan Mlsslons Trustees, Report AchlLivements and perfomiance In addition to providln8 funds lorthe developin8 units wlthin the Society durin8 the year under re¥iew, the charity ha5 contlnued to provlde substantial financial support for projerts in tiberla WestAfrfca, support to a number of Afrlcan Dlocese as well as parlshes staffed by provincial perwnnel in Nigeria. The Charity a150 fund5 the Society's mlnlstry and mlsskjn wlthln Brltaln. The charity maintsins approprlate lfvln8 facllltles for Soclety membèrs in the United Kingdom. The Charity facilitates the post8raduate tralnin8 of society members and clergyof African Otocese with which It isasscrterThaI￿ funded penslon provision ho5 ever been made. The onEoln& fundiA6 is met from current income, however, the trustee5 intend to provlde sufftcient resefves to ensure that all members wlll be Provlded for in retirement. irre5pettive of the charltles other Income. In light of the difficultles and challenges fa¢ed by the l￿bal ffinancial se¢tor the Tr￿lee$ annualty examine thelr icy towards reserves. The Trustee5 distir8ulsh between reseN& generated from annual surpluse5 and th05e frorn capr¢al 8alns and sale of property. In respect of annual 5UTpIu5es, the Trust wlll continue to apply these to the furtherance of the aims and development of the 5otiety of African M1s51ons tjoth in Brltain and internationally while retainin8 suffSclent e￿e$ forthe Blitish provin￿5 own needs. Thls the Trustee5 regard a5 thelr'short term policy.. The TTr￿ees a8ree that the funds so faf generated should therefore be held prlmarlty to sustain the future of the s￿IetY in Britain. second￿ they should be used to assist the fundin8 of the Society internatronally in it5 capital outlays. Thls the Trustees regard as their°Lon8Temi Strate8y" The total unfftstritted r￿e￿eS held at the 3tst December were £12.138,913 12023: £12,091,478). Of the nrestricted funds, amounts ha￿ been des18nated for spetffir PUfP05es. The Prlests Medical and Retirement Fund has been èstablished to cover future costs In relatlon to prie5t'5 medical expenses and retirement costs. The Renovation Fund has been set aslde for any renovatlons required to the Charitie5 properti￿. Funds have been allocated to the International Members support Fund to facilitate any assl5tsn￿ requlred by priests or members located intemationally. All of these charftles funds are unrestrirted and can be used for the general purp05e5 of the charity as required. The total re5trirted fund5 at the 3tst Decembts were £89.17612023.. É97.7741. Th¢ restritted funds are donations received for specifk overseas projetts. Golno concem The tru5t*Ès are 5ati5fied that the charfty remaln5 a lolng concem. The charlty has Tttourse to cash reserves where ne￿sSary and the trustees look to a redu¢tion In 5pendlng t*here possible. Operotl*)ns ore gble to contlnue wfth members of the reliolous order who volunteer and assist with our prormtional work. Page 7 Roman Cathollc Purposes Admlnlstered In Mnnertton wlth the 5oclety of Afrlcan Missions known as Soclety of Afrlcan Mlssions Trustees, Report Flnandal Instruments The charl￿$ activitiès expose It to a number ¢*f financial rfsks including credlt rfsk, cash flow risk and liquidity rlsk. The use of finantial derivatives is governed by the charrfs pollcies approved by the board of trustees, whlch prov?de written princlples on the use of financial derivatives to mana8e these rlsks. The charity does not use derivative financlal Instrumtrtts for spetulatfve purpo￿. Coshfvwrtsk The Chariivs activities expose It prlmarlty to the financial risks of changes in foreign currency exchan8e rates and interest rates. Credltftsk The Charitvs prlndpal finanaal a55ets are bank balances and cash and invesimenis. The credit risk on liquid funds and derfvative financlal Instruments Is Ilmited because the counterparties are banks wlth high credit-ratings asslgned by intemational c￿dIt-ratln8 agencies. The Charty has no s*nifltant concentratlon of ￿ed￿ wlth exposure spread ovw a larBè number of counterpartie5. Uquldity risk In order to malntsln Ilquldlty to ensure that sufFitient fvnds are available for ongoing operations and future developments, the Chaflty uses a mlxture of long-term and short-terni Investment orkions. Dlsclosure of Inforniatlon to audltor Each tr￿￿ee has taken steps that they ou8ht to have taken as a trustee in order to make themselve5 aware of anv relevant audlt Informatlon and to establish that the charity's auditor 15 aware of that Informat￿￿. The trustees confirm th* there 15 no relevant informat*Jn that they know of and of whith they know the auditor is unaware. Reappolntment otauditor The audhorsThe Moffatts Partnershlp iLP ere deemed to be re8ppolnted under section 487121 of the CompBnleg Act 2ts)6. The annual report was approved by thetrwtees ofthe charityon 4 September 2025 and si8ned on its behalf bv: Reverend Tl R Trustee p￿e8 Roman Catholk Purposes Admlnlstered In connertlon wlth the Soclety of Afrl¢an Mlsslons known as Soclety of Afrkan Mlsslons SLitement of Trustees. Responslbllltles The tr￿lee5 are re5pon5ible for preparing the trustee5' report and the financlal statements in accordance with the United Kingdom Accounting Standards (United ￿ngdoM Generally Accepted Accounting Practirel and applitable law and regulatitsns. The law applicable to charitie5 requires the tnthe5 to prepare flnanclal statements for eath financial year which 8ive a true and fair view of the 5tste of affalrs of the charlty and of the Incomln8 resources and application of resources of the charlty forthat peri¢xl. In preparfn8 these flnancSal statements. thetrustees are required to: select suitable accountln8 polities and then applythem consistentlvi observe the methodsand principle5 in the Charfties SORP,. make judgements and estimates that are rea50naWe and pwdenL' state whether applitablÈ atcounting standards have been followelt subject io any materf81 departures disclosed and explained in th*financial statements: and prepare the financial 5tatement5 the 8oln8 concern basls unless It Is Inapproprlate to p￿SuMe that the charity will continue bu5ine55. The trustees are responsible for keepin¥ proper accounting records that dlstlosÈ with reasonab￿ accuracy at anv tlme the financ181 posltion of the charity and enable thern to er￿re that the financial statements comply with the Char￿leS Act 2011, the Charitie5 (Accounts and Reports) Regulations 2l￿8, and the provisions of the constitution. The trustees arè also responsible for 58fe£uardinB the assets of the charity and h￿ce for taking reasonable 5t forthe prevention and detection of fraud and other irregularitles. The trustees are responsibfe for the malntenance and Integrrty of thè ¢orpor4te and financlal information included on the charitable compan￿$ webslte. Legislation 8oveming the preparatlon and dlsseminatiort Of flnancial statements may differ frorn legislation Sn otherjurisdSctlons. Approved by the trustees of th*¢hariiy on 4 Septernber 2025 and s18ned on Its behalf by: Reverend TJ R Tntstee Page 9 Roman Catholk Purposes Admlnistered In connertlon wlth the Soclety of Afrfcan Mlsslons known as Soclety of Alrlun Mlsslons IndependentAudlt0￿S Report to the Members of Roman Catholic Purposes Admlnistered In connectlon wlth the Soclety of Afrlcan Mi5s1ons OplDIoTr We have audited the financ(al gtstements of Roman Cathollc Purposes Adm5nistered in connect￿￿ wth the Society of Afrfcan Mlsslons Ithe 'tharlty'l for the year ended 31 Deternber 2024, whith comprise the Ststement of Flnanclal Actfvltie5. Balance Sheet. Cash Flow Statement, and Notes to the Flnanclal Statement5, Includin8 a summary of signifftant accounting polities. The financlal reporting framework that has been applled in their prepartion 15 Unrted Kingdom A¢¢ounting standards. comprising Charlties 50RP- FRS 102'The Flnandal Reporting 5tsndard applkable in the UK and RepublK of Ireland, Jnd appltcable law Iunited Kingdom Generally Accepted Accountlng Practicel. In ouropirtiort the finartial state￿nts. give a true arld fair View of the siaie of the charws affalrs as ai 31 Decamber 2024 and of Its Incomlng Te50urce5 and application of resources, Includln8 Its Income and empendlture. forthe year then ended,. have been properly prepared In accordance with United Kingdom Generally Accepted Accountin8 Prartice,. and have been prepa￿d In accordance vrith the requirernents of the Charities Art 2011. Basls foroplnlon We ¢onducted our audit In accordance wlth International Standards on AuditlTr8 IUKI IIS45 IUKII and appllcable law. Our responslbilltles under those standards are further described in the auditor responsibSlf(ies for the audit of the flnancial statements sectSon of our report. We are independènt of the tharity in accordance wlth the ethical requirernènts that are relevant to our audlt of the financial statements in the in¢luding the FRCS EthScal Standard, and we have fulfilled our other ethtC31 re5pon5ibilitie5 in accordance vrith these requlrements. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for ouroplnlon. Conduslons rel¥tin# togo]ni £on¢ern In ath4itingthe finantial statements, we have concluded thatthetr￿SleeS use of the going concern basis of accounting in the prèparation of theffinanclal statements is appropriate. 8ased on the W¢*rk wè have perfomed, we have not Sdentlhed any materlal uncertalntles ￿latIng to events or conditions that, ifidividually or collectively* maycast slgnrficant doubt on the charity's abilltyto contSnue as a 8oln8 nom fty a period of at least twelve months from Wh￿ the od8lnal flnanclal statements were authorised for Issue. Our responsibllltles and the re5p)n51bSlltle5 of the tnstse5 With respect to going concern are des¢ribed in the rdevant sedlon5 of thi5 report. Page 10 Roman Catholic Purposes Admlnlstered In connertlon with the Socw of Afrlcan Mlsslons known a$ 5o¢lety of Afrlcan Mlsslons Independent Audltor's Report to the Mernbets ot Roman Cathollc Purposes Admlnlstered In connectlon wlth the Soclety of Afrlcan Mlsslons other Inlorm#tit The trustees are responsible for the other Snforniation. The other infomiation comprlses the Information Included In the annual rewjrt, other than the finandal statsments and our auditor's report thereon. Our opinion on the finan¢ial statements doe5 not cover the other Informatlon and. except to the extent otherwlse explicitly stated in our reporL we do not exwess anyfomi of assuranctr ton¢lusion the￿On. In connettion with our audit of the financlal statements, our responsibility 15 to read the other Informatlon and, In doin8 so, consider whether the other information *5 materially Inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially rnisstated. IF we identfy suth matsrial inconsistencles or apparent material mi5Statements, we are requlred to dètermlne whèther there 15 a material mi55taternent In the flnanclal statements or a materlal mlsstaternent of rhe other information. If, based on the work we have perfomed, we conclude that there b a material misst*ement of this other information, we are reqUI￿d to report that fart. We have nothin8to report in this regard. Matters on whith we are requlr•d to report by excèptlo In the I￿ht of our knowledge and under5tsndin8 of the charlty and its envlronment obtalned In the course of the audit, we have not Identified material mi5Statemerts in the Trustees, Report. We have nothln8 to report in respert of the following matters where the thartties (Accounts and Report) ReBulation$ 2008 requires US to report toyou If, in our oplnion.. adequate Bccounting records have not been kepL or return5 adequote for our audlt have not been received frorn branches not vlsited by us,. or the financlal statements are not in aB￿emeTht with the accounting records and return5: or certain disc105ures of trustees remuneration Specified by law are not made,. or we have not received all the information and explanatfonswe require forour audlt. Responslbllltles oltwstees As explained more fully in the SM¢ment of Tru5tees' Responsibilltle5 Iset out OD pa8e 91. the rru5tee5 are resp)nsible for the preparation of the financial statements and for beln8 sattsned that they give a true and fair vlew, and for s￿h Intemal tontrol as the trustees detemine is necessary to enable the prèparation of finantial statements that are fretfrom material misstatemen¢ whether dueto fraud orerror. In preparlne the financlal statements, the trustw are responsible for assessing the charws abillty to contlnue as 3 going c0Th￿rn. disclosin& as appllcable, matters related 10 80Sn8 concern and uslTr8 the goin8 concern basi5 Of accounting unless the tTUStees either intend to liquidate the charlty or to cease operation5. or have no realist alternatl¥e butto do so. Page 11 Roman Catholic Purpose5 Admlnlstered In connection wlth the Society of Afrlcan Mlssions known as Soclety of Afilcan Mlsslon$ Independent Audltorfs Report to the Members of Roman Cathollc Purp05e5 Adrnini5tered In connectlon with the 5oclety of African Mlsslons Audltor ReJponglbllltle5 tgrthe audlt olthe finandal statemÈrts Our objectives are to obtain reasonable assurance about whether the fin?n¢ial statements as a whole are free frtsm material misstatement, whether due to fraud or error. and to issue an auditorfs report that intludes our opinion. Reasonable assurance is a high level of assurnnce, but is not a guarantee ihat an audit Conducted in accordance with ISAS IUKI will always detect a materlal misstatement when St exists. Misstatements can arise from fraud or error and are consldered materfal If. Indlvldually or In the ag6re8ate, they iould reasonabty be expected to influence the economit dec￿lonS of users taken on the ba515 of thesé financial statements. The extent to which our procedu￿$ are capable of detettin8 irregularities. Includln8 fraudls detailed below.. Irregularities. IncludlnR fraud. aré instsnces of non fraud can be harderto detert than those that artse from error as they may involve deliberate concealment orcolluslon. Our examinatlon Should therefore not be relied upon to dlsclose all su¢h material mlsstatements orfrauds, errors or in5tance5 of non-compliance that might exlst. The responsibility for safe8uardln8 the assets of the company and or the prelentlon and detertion of fraud. error and non-compliarKe w￿h law or re8ul*ions rests wilh the directors. A further de5crtption of our respon￿bilItIeS Is available on the Flnan¢ial R¢portinB Council's web51te at: www.frc.or8.uvauditorsresponslbllitles. This dexrlption fom)s part of our audTrtorf5 reporL Use ol our r•port This res)ort is madè solely to the char￿¥ trustees, as a Ihth. in accordance wlih section 144 of ihe Charitie5 Act 2011 and regulations made under $￿tIon 154 of that Act. Our audit Work has been undertaken so that we might State to the tfUStee5 those matters we are iequired io state to tIU5tEe5 In an audltor5' report and for no other purpose. To the fulle* extent pennltted by law, we do not accept or assume resp0nslbl1￿ to anyone other than the tharity and it5 trustees as a body, for our auditwork. forthys report, or for the oplnions we have formed. PaBe 13 Roman Catholk Purposes Admlnistered In connectlon wlth the Society of Afrlcan Mlssions known a$ Soclety of Afrlcan ￿l￿10nS Independent AudIt0￿$ Report to the Members of Roman tstholk Purposes Administered In connectlon with the Sodety of Afrlcan Mlsslons offatts ner Ip LLP, StatLrtory Audltor te 1.1, F st Hoor ckson House Sibson Road Sale M33 7RR 4 September 2025 The Moffatts Partnership LLP is eligible for appolntment as auditor of the charity by vlrtue of Its ell8lbillty for appolntment as audltorof a cornpany undersertion 1212 of the Companie5 Act 2006. Page 14 Roman Cathollr Pufpo$es Admlnlstered In connectlon wlth the Soclety of Afrkan Misslons known a5 Sodety of Afrl¢an Ml$$lon$ Statement of Finandal Actlvltles for the Year Ended 31 December 2024 Unrestrfcted nds Total Total 2023 fund5 Income and Endowmentsfrom: Donatlons and legacies Charitable ￿1vitIeS Other tradin& activities Investment incorne Other Income 759,807 15,600 31,764 193,597 847 IIL720 87L527 15,600 31.764 193,597 897,828 15,600 35,941 170.298 75,712 Total ineome 1,001,615 111,720 1,113.335 1,195.379 e¥pendItu￿ on: Raising funds Charitable artivitles 139,4191 IL204.8921 139,4191 11,324,8891 138,(#)81 11,260,871 1119,9971 Total expendf(ure Gainsllosses on Investment assets 11,244,311) 282,584 1119,9971 11,364,308) 282.584 11,298,879) 223.153 Net income/lexpendSturel Gr0$5 transfers between funds 39￿88 321 18,2771 13211 31.611 119,653 Other reco8nlsed galns and Other gain5liosses 7,228 7.228 7.3671 Net movement in funds 47,437 18,5981 38.839 112,286 R¢¢ondllatlon of fund$ Totsl funds brou8ht forward 12,091,478 97.774 12,189.252 12.076,966 Total funds carrled forward 22 12,138,915 89,176 12,228,091 12,189.252 All of the charity's activities derive from continuin8 operations dUrI￿lthe two periods. The funds breakdown for 2023 Is shown In note 22. The notes on pages 18 to 34 form an irttegral part of these finanual statements. Page 15 Roman Cathollc Purposes Admlnlstered In connertion wlth the 5oclety of Afrlcan Mlssions known as Soclety of Afrlcan Mlssions (Reglstratlon number: 232541) Balan¢e Sheet as at 31 December 2024 2024 2023 Tan8lble assets Inve5trnents 15 2,934,201 7,537,320 3,013,275 6,827,619 16 10,471,521 9,840,894 Stocks Debtors 17 129,235 137,257 40,000 1,626,579 178,383 111,789 790,$60 1.504.788 18 Investments 19 Cash at bank and In hand 20 1.933,071 2,585,520 cred5t0￿. Amountsfalllng du• withlTr oneyear 21 1176,5011 1237.1621 Netcufftnt assets 1,756,570 2.348.358 Netassets 12.228,091 12,189,252 Funds ofthè tharlty. Restrlcted Income fvnds Rèstrirted funds 22 89,176 97,774 Unrestwlrt•d Income lunds Unrestricted funds 12,138,915 12,091,478 Totsllunts 12,228,091 12.189,252 The flnanclal statements on pages IS to 34 were approved by the tru5tee5, and authorfsed for i55ue on 4 September 2025 and $18ned on theSr behalf by.. Reverend TJ Trustee an The note5 on pa8e5 18 to 34 form an Integral part of these flnanclal statèments. Pa8e 16 Roman Cathollc Purposes Administered In connertlon wlth the Soclety of Afrkan Mlsslons known a5 Soclety of Afrkan Mlsslons Cash Flow Ststement for the Year Ended 31 December 2024 Cash flowsfrom operating actl¥thles Nèt cash income 38,837 112.286 Adlustmentsto cash flowsfrom non-cash Itei Depreciation Investment income 79.560 1193,5971 1170.2981 11,1471 112S,8981 197,2551 1203,2231 Profit on disposal of tan8lble fixed assets Profit on disposal of investments Revaluation ol Investments 1639,6731 357,089 1357,7841 Worklng capitol adluglrnerts Decrease in stocks 17 49,148 125,4681 160.6611 11,132 73,311 20,125 174,0851 Ilncreaselldecrease in debtor5 IDecreasellSncrease in creditors (kcrease In provlslons 21 Net Cash flows from oper*ing attiwities 1394,7651 1172,7401 Cash Ilows from inve5UnB aLthiltles Interest recelved 36,347 25,609 157,9601 1,800 12,375,1361 2,437.199 144,689 74.Q85 Acqulsliions of Trngible a55ets Proceeds from sale of tafi8ible assets AcquS5Stions of Investments Pro(eedsfrom sale of investments Dividend Income 228,154 95,291 157.250 RKeipts from the repayment of loans to other entltles Net cash flows from investing artivitle5 516,556 250,286 Net Inty¢•s* in ¢•sh #nd cash equivalents 121,791 77,546 Cash and cash equlvalefflts at ljanuary 1.$04,788 1,427,242 Cash and cash equivalents at 31 D￿ernber 1,626,579 1.504,788 AEI of the cash Ilows are derived from continuin8 operation5 duringthe abovetwo period5. The notes on pages 18 to 34 forrn an integral part ofthese ftnandal staternents. Pa8e 17 Roman Catholic PU￿￿seS Admlnlstered In connertion wlth the Soclety of Afrlcan Mlsslons known a$ Soclety of Afrkan Mlsslons Notes to the Flnandal Statements for the Year Ended 31 D￿rnber 2024 l Acc4untknK pollrles Stattment of cwllance The financial statements have been prepa￿d In accordance vAth the second edition of thè Charities Statement of AKommended Practice issued In October 2019, the Financial Reportin8 Standard applicable in the United KinBdom and Republ￿ of Ireland IFRS 1021 andthe Charltles Art 2011. Bas1$ ol preparatlon Roman Catholic Purpose5 Administered in connettSon wth the k*iety of Afrlcan Mtssions meets the definition of a publlc benefft entity under FRS 102. Thè actounts lfinancial statemtntsl have been prepared under the historical cost convention vfflh item5 r￿0￿1$ed at cosi or iransacriort value unless otherwise St￿e￿ In the relevant notel51 to these accounts. Goln8 concern The trustees consider that there are no material uncertairbties aljout the chariws abilsty to continue as a 8oln8 contern. Judgements The trustees have not made any lud8ernents in the process of applying the entty's a¢¢ountin8 policles that have had a si8niflc¥t)t •ffect on the amounts r￿08￿1$ed in the finafKial staternents. K•y sourcesol estlmatlon unortalnty There are no key 50urce5 of estimation uncertainty at the reportin8 date, that have a 518nificant risk of causln8 material adjustment to thè carrying amounts of assets and Ilabi1Sties wlthin the next fSnan(ial year. Income and endowments Voluntary Income is rLxo8nlsed when the dharity ha5 entitlement to the income, it is probable that the income wlll be recelved and the amount can be measured with suFfitient reliability. Source5 Of in¢om¢ are as follows,. DonatSons conslst of cash and (Ilre£t deblts paid dirertly to the Society of African Missions, donations made in churches vla Mass, Christmas and Novena cards. Le8acies are recelved vla sollcitols followlTr8 the terms of the will from whlch the legacy has been bequeathed. Claims madeto HMRC when conditlons are met by Donors Income from other tradlng actlvtties relates to lottery Income and is recognised on a receivable ba51S. Page 18 Roman Catholk Purpose5 Admlnlstered In Connectlon wlth the So¢lety of Afrkan Mlsslons known as Soclety of Afrlcan Mlssions Notes to the Flnan¢lal Statements for the Year Ended 31 December 2024 Investh￿ntIn¢Qrne DividÈnd income from investments held 15 included when recefvable and the amount can be measured reliably bv the charity,. this is normal￿ upon notilication of the dividend5 p8ld bythe Investment tompan5e& Intèrest on fvnds held on deposlt Is included when receiva>le and the amount tan be measured rellabjy by the charity.. this is normally upon notlfication of the interest paid or payable bythe Bank. o￿tObIe urtlvltles Income from the provlslon of pastoral care Is related to the kryi5ion of parish prlests to Cathollc Dlocese for agreed religious serylces Expendllure All expentlitufe Is recognised onte there is a legal or construrtive obll8ation to that expenditure. it 15 probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headln8 that aggregate similar c￿ts to that category. Where costs Cannot be dlrectly attributed to particular headin85 they have been allocated on a basis con51stent w￿h the sjse of resour￿, wlth central staff 05ts allocated on the basls of time spenL and depretiation char8es allocated on the sKJrtSon of the asseys use. Othersupport costs are allotatÈd based on the spread of staff costs. All res￿r¢e$ expended are incluslve of irrecoverable VAT. Rqtslnqfvnd5 These are costs Incurred In attrattin8 voluntary incom< the mana8ement of Investments and tIK)se Incurred In tradln8 actl¥lties that raise funds. churttabtsacd￿tts$ a)aritable Èxpènditure tomprises those costs incurred by the Charlty In the dellveryof Its actlvStle5 an(1 seThtces for bts beneficiaries. It includes both costs that can be allocated dlrectly to such actlvltles and those costs of an indirect nature necessary to support them. Governance tosts These includè the tt>sts attributable to the char￿5 compllance with constltutional and statutory requirements, in¢luding audit, strategic management and trustee's meetin8s and relmbursed expenses. Tanglble ￿ed assets Individual fixed a55ets costln8 £50.O) or more are inltially recorded at COSL less any subsequent accumul*ed depreciation and subsequent ac¢umulated impaimient losses. Propertle5 are Included In the balance sheet at orfglnal cost, plus 8ddltlons In respert of rnajor repairs and renovations, depreciation ts prov5ded on the bwk c05t less an amount attrlbuted tothe c￿t of the land. The market value of the propertie5 is considered to be substantially in exce55 of the bookvalue. Page 19 Roman Cathollc Purposes Adminls¢ered in tonnertlon wlth the Soclety of African Mi￿10nS known as Soclety of Afrlun Missions Notes to the Flnanckl Ststements for the Year Ended 31 December Z024 Herlts8e a￿ets Indbvidual works of art. treasure5 and plate are not capitalised as they are r48ard•d a5 h•rit*8e assets whlch ar held In a manner conslstent with the alfvancement of the Roman Catholic faith, have very long lives and are worth preservln8 Indefinltely. Work5 of art, treasures and platè are not capltsllsed In these accounts. They are considered to be herita8e assets for the purpos¢> af the Charlties SORP (Ffts 1021. The assets are integr41 to the Chariws overall obhectfve of advanctThg the Catholk religion. They all have very lon8 Ir¥es and are worth pre5er¥iDg indefinitely. The Trustees conslder that It would be prejudicial to the safe curtody of these assets to dSsclose fletsi15 of their value and usage In these accounts. Depreclarion and arnorrtsarion Depreclatlon is provlded on tanglble fl¥ed a￿ets so a5 to wrfte off the cost orvaluation, le55 any estimated resldual value, overthelr expected useful economic life as follo￿= D•pr•datlon method and rate 2% reducing balance basis 25% reducin8 balancè basis 20% reducin8 balance basls 20% reducln8 balance basis Land and Buildl MotorVehicle5 Fixtures and Fittings Office Equlpment Fkned assèt investments Fixed asset investments. other than programme rdated investments, are Included at market Volue at the balancè sheet date. Reallsed 8alns and losse5 on Investments are calculated as ihe difference between sales proceeds and thelr market value at the start of the year, or thelr subsequent cos¢ and are char8ed or credlted to the Statement of Financlal Artiwties In the perio(J of disp)sal. Unrealised 8ains artd losses represent the movement in markèt value5 durin8 the year and are credited or thar8ed tothe Statement of Financial Artivitie5 based on the market value atthe year end. Cwmtasset In¥e5trnerts Current asset Investments Includecash held on deE￿it wth a maturityof greater than twelve month& Sto Steck Is included at eo$t value. Although the st¢¢k is ntst 501d. It Is used to facilitate donations whith ar¢ in excess of the cost. Therèfor¢ the c05t is considered thecorrert Method of¥aluation. Trade d•btors Trade debtor5 and other debtors are recognlsed at the settlement arnount due after any trade dlscount offered. prepaymenis are valued at the amount prepald netof anytradè discounts due. Pa8e 20 Roman Catholic Purposes Admlnistered In wnnectlon wlth the Soclety of Afrlcan Missions known as Soclety of Afrlcan Missions Notes to the Flnanclal Statements for the Year Ended 31 De¢ember 2024 ash and ￿5h equlvalents Cash at bank and cash in hand Includes ta5h and short temi Ilquid InVe5trn￿ts w￿h a short maturity of twdve months or less. Trade credltorg Creditors and provisions are Tecoenlsed where the charltv has a present obligatlon resultlng from a past event that will probably result in the transfer of fund5 to a thlrd party and thè amount due to settle the obli8ation tan be measured or estimated reliably. Creditors and p￿￿510n5 are nornially recognised at thelr settlement amtyjnt after allowing for anytrade discounts due. Forèien oxch3llEe Transartion5 in forel8n currencle5 are recorded at the rate of ex¢hange at the date of the transacbon. Monetary assets and 1Sabllltles denominated in forelBn currèncles at the b818nce sheet date a￿ reported at the rates of exchange prevalling atthat date. Fund accoundng Unrestricted Income lunds are general lunds that are avallable for use at the trustee's discretion in furtherance of the objectNes of the Chadty. Des18nated funds are unrestrltted funds set aside torspecific purposes atthe dlscretlon of the trustee5. Restrlcted income fund5 are those donated for use in a particular area or lor specific purposes. the use of vthich Is restrlcted to that area or purpose. Pen51on5 and oth•r post retlremen¢ obllWIoThs The charty operates 8 deflned c￿tribUtIOn pension scheme which is a penslon plan under which fixed ¢ontributrons are paid Into a penslon fund and the charbty has no le8al or construciivè obligation to pay further contribut¢ons even ff the fund does not hold sufficient assets to pay all ernpknyees the benefits relatin8 to employee service in the cuffent and priw periods. Contrlbutions to deflned contribution plan5 are recognised In the Statement of Financial Aetwihes when they are due. ff contrlbutlon payments eKeed the contributlon due for SerVi￿.the excess is recLwnised as a prepayment. Flnanclal Instrnments aasslftatlon Financial assets and financial Ilab51ittes are recognised when the tharity becomes a party tt> the contractual prov15ions of the instrument. Flnandal liabillties and equity instruments are cla5sifled accordln8 to the substsnce of the contractual arrangements entered into. An equity instrument is any ¢tsntract that evldences a resldual Interest In the assets of the chartty after deductlng all of Its Ilabllities. Pn to fulfll the alms of the charlty and as s￿h they reside In prem15es owned by It. The charity meers the livin8 expenses and covers all costs inojrred by the trustees and other members on the furtherance of its aims. None of the trustees recelve a salary. No t[￿tee9 have r￿1¥￿￿ any gther benefft5 fromthe charity durin8 the year. Page 26 Roman Catholl¢ Purposes Admlnlrtered In ¢onnectton wlth the Society of Afrlcan Mlsslons kn¢>wn as So¢lety of Afrkan Mlsslons Notes to the Flnandal Statements for the Year Ended 31 December 2024 12 Stsff tosts The aggregate payrollcosts were as folk)ws: 2023 stsff costs durEn8the yearwere: Wa8es and salarles Pension costs 147,380 4.029 136,886 3,303 ISI.409 140.189 The monthly a¥era8e number of persons IlncludlnB senlor m?nagement I le8dershlp team) employed by the charlty during theyearexpre5sed as full tlme equfvalents was as follows.. 2024 No Charftable Activities 12 li 612023- 51 of the above emplovees particlpated In the Defined Contrlbutlon Penslon Schemes. Contribution5 to the employee penslon schemes forthe yeariotslw £4.02912023- £3,303). No employee received ernoluments of more than £60.oc￿ durln¢ the vear 13 Audltors, remuneratlon 2024 2023 Audit of the financial statements 17,130 14,430 Otherlees to audltors All other non-audlt seNItÈs 2.370 Pa8e 27 Roman Cathollc Purposes Admlnlstered In connectlon wlth the Soclety of Afrlcan Mlsslons known as S¢xlety of African Mls$Sons Notes to the Flnandal Statsments for the Year Ended 31 Decembew 2024 14 Taxatlon The chariiyts a re8lstered charity and is therefore exempt Irom taxation. 15 Tonglblè flxed ass•ts Land and bulldln85 FUMI￿re and equlpment Cornputer equlpment Motor¥ehldes Total At l January 2024 Addllions 3,725,062 102,669 164,591 83,959 4,076,281 At 31 DKember 2024 3,725.C*2 102,669 164,591 84,445 4,076,767 Oepredatlo At l January 2024 Charge forthe year 798,544 58,449 88,738 2,785 98,886 16,425 76,838 1,901 1,063.006 79,560 At 31 D￿efflber 2024 856,993 91.523 115,311 78,739 1.142,566 Met boo*value At 31 Deca))ber 2024 2,868,069 11,146 49,280 5.706 2,934,201 At 31 De¢ember 2023 2,926.518 13.931 65.705 7,121 3.013,275 Page 28 Roman Catholic Purposes Admlnlstered In connertion wlth the So¢lety of Afrl¢an Mlsslons known as Soclety of Afrlcan Mlsslons Notes to the Flnancial Ststements for the Year Ended 31 December 2024 16 Flx•d ass•t Inv•stm•nts 2024 Other investments 7,537.320 6.827,619 Other Inveslmerts Inv•stments Cash deposlts Total Cost orvaluatlon At l January 2024 Revaluation Additign5 6.79),485 1357,0891 7,780.259 17.357,7031 639,673 37,133 6,827,618 1357,0891 1228,1541 655,272 639,673 18.008,4131 8.012.975 Oisp05a15 Reali5ed gains At 31 December 2024 7,495,625 4L695 7.537,320 Net bookvalue At 31 December 2024 7,495,625 41,695 7,537320 At 31 Oecember 2023 6,790.485 37,133 6,827,618 17 Stock 2023 Stotks 129,235 178,383 The cost ofstock Teco8nlsed as an exwse In the year arnountedto £49.14912023-£39,9571. Page 29 Roman Githolk Purposes Admlnlstered In connectlon with the Soclety of Afrlcan Mlsslons known as Society of Afrlcan Mlsslons Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 18 Debtors 2023 Trade debtors 18 Prepayments Accrued Income Othèr debtors 37,638 44,026 55,575 37,246 72.042 2,483 137.257 111,789 19 Cuwent assetlnvestments 2024 2023 Cash de￿Is1t$ 40,IXIO 790.560 20 Cash and cash equlvalents 2023 Cash on hand Cash at bank 2,012 1,624,567 7,814 1,496,974 1,626,579 1,504.788 21 Credltoys: •mountsfakln8 due wlthln one year ZOZ4 2023 Trade creditor5 Othertsxatlon and soclal security Other credittrs 11,766 2,211 133,921 368 28,235 39.377 1,384 169,253 PeTh5ion 5th￿e credltor Acuuals 27,148 176,501 237,162 Pa8e 30 Roman Cathollc Purposes Admlnlstered In connectlon wlth the $￿Iety of Afrlcan Missions known as Society of Afrkan Mlsslons Notes to the Flnan¢lal Statements for the Year Ended 31 December 2024 22 Balant* Balancè Othe¢ at31 January Incomlng Resources recognlsed Deomber re%wrces *x￿nded Tran5fer5 g3lns1110sse5} 2024 Uftrestrkted funds General Unrestrirted Income Fund 10,044,739 961,244 11,235,387) 321 216340 9,987,257 lknigftoted Medrcal and Retirement Fund Renovation Fund 1.746,739 250,000 50.000 40,371 18,9261 73,474 1.851,658 250,000 s0.(h)o Intematlonal Members Fund 2.046.739 8,926 73,474 2.151.658 Total uDres¢rtrted fvnds Restrlrted funds Internatlonal Projects 12,091,478 1,001,615 11,244,3131 321 289,814 12.138,91S 97,774 111,720 119,997 1321 89,176 Totsl lund$ 12.189,252 1,113,335 11,364,310) 289,814 12,228,091 Page 31 Roman Catholk Purposes Admlnlstered in tonnertlon wlth the Soclety of Afrlcan Mlsslons known as Society of Afrlun Missions Notes to the Flnanclal Statements for the Year Ended 31 De¢ember 2024 8al*ce at 31 B¥l•n¢e•t ljanuary Other Re$oufce¥ r*th￿ISed December expended galrffjlllo55esl In￿mIn8 resouros 2023 Unrestrfctedfund5 General VnreslrKted Income Fund 10,024.859 1,035,675 11,173,562) 157.767 10,044,739 Medital and Retlrement Fund Renovatlon FuTrd )ternational Members Fund L659,545 250,000 50,000 37.844 18,6691 58,019 L746,739 250,000 50,000 1,959,545 37,844 18.6691 58,019 2,046,739 Tolal unrestrfrtedfvnd$ Restrfrted Intemational Projects 11.984.404 1,073.519 11,182.2311 215.786 12.iVJI.478 92,562 121,860 1116,6481 97,774 Totsl funds 12,076.966 L195,379 11.298,8791 215,786 12,189,252 The 5pecifi¢ purposes for wNch thehjnds areto be applled are as follov45'. The Prle5ts Medical and Retirement Fund has been established to ¢o¥er future costs in relation to priests, medlcal expenses and retirement costs. The Remvatlon Fund has been set asldeforany renoYatSons requlred tothe charkles propertles. Funds have been allocated to the Intemational Members Support Fund to faalitate any assistanre required bv prlests or members located iniernatlonallv. All of these charltles fvnds are unrestricted and can be used for theBeneral purposesof the char￿¥ as requlred. The International Prolects fund ts made up of donatlons recelved lor spetifk projects and thesè funds are restrltted to that purpose. Page 32 Roman Cathollc Purposes Admlnlstered In connertlon wlth the Society of Afrlcan Mlsslons known as Soclety of Afrkan Mtsslons Note5 to the Flnanclal Statements for the Year Ended 31 De￿mber 2024 2> Anolysl$ of net assets trtheen fund$ Totsl fvnds at Restrl¢ted 31 December lund$ 2024 Unrestrf¢ted fvnds Gener•1 DesSgnat•d Tan8ibte flxed assets F￿e￿ asset in¥estmertts Current assèts 2,934,201 5.685,664 1,543,895 1176,5011 2.934,201 7,537,320 1,933.071 176.501 L851,656 300.QX) 89.176 C￿r￿nt liabllftles Total net assets 9?87.2S9 2,151,656 89,176 12,228,091 Total funds at ai December Unreslrfrted funds General fvnds Tanqlble flxed assets F￿e￿ asset investments Current asset5 3,013,275 5.080,880 2.187.746 1237,1621 3.013,275 6.827,619 2.585,520 1237,162 1,746,739 300.(￿0 97.774 cyr￿nt liabililies Total net assets 10.044.739 2.046,739 97.774 12.189,252 Pa8e 33 Roman Catholk Pufposes Admlnlstered in connectlon wfth the Soclety of African Mlsslons known as Soclety of Afritan Mtssions 14otes to the Flnanckl Statements for the Year Ended 31 December 2024 24 Analv* of net funds At l January Flnand cash flows Exthange rno¥emeDt AtJi December 2024 Cash at bank and in hand 1.504,788 790,$60 114,563 1750.5601 1635.9971 7.228 1,626,579 40,(KJO Current asset Invertma)ts Net Debt 2,295.348 7,228 1,666,579 Flnand cash flows At31 December 2023 At i ianu•ry 2023 movement Cash at bank and in hand 1,427,242 84,913 17.3671 L504,788 Current asset Investments 790.$60 790.560 Net Debt 2,217,802 84,913 17,3671 2,295,348 25 Relthd partyknn50diofis OurinB the yearthe charity made the followln8 related partytransactions: SMA Poland ISMA Poland 15 another province of the international orderthat the UK charity is a part of) In 2017, the charlty gave a loan of USO,000 to ass¢St them with the construction of a misslon8ry anlmatlon and promots.on tentrè in warsaw. At the balante sheet date the amount due from SMA poland was E151,87312023 - £ISl.8731. The provsion fordoubthjl dèbts from the related partiès at the balantè $￿et date was £151,87312023 - £151.8731. Page 34