2024-08-31-accounts

Company Registration No. 247772 Charity Registration No. 232670

The Community of the Resurrection

(A company limited by guarantee and not having a share capital)

Trustees' Report and Audited Financial Statements

For the year ended 31 August 2024

The Community of the Resurrection

Contents:
Trustees' Annual Report	Pages	1 to 12
Independent Auditor's Report	Pages	13 to 15
Consolidated Statement of Financial Activities	Page	16
Consolidated and Company Balance Sheet	Page	17 to 18
Statement of Cash Flows and Consolidated Cash Flows	Page	19
Notes to the Financial Statements	Pages	20 to 41

The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

The trustees present their annual report together with the consolidated financial statements of the charity and its subsidiaries for the year ended 31 August 2024 which are also prepared to meet the requirements for a group directors' report and accounts for the purposes of the Companies Act 2006.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.

Company Registration Number: 247772 Charity Registration Number: 232670

Trustees: Father Oswin Philip Gartside CR Father John Gibson Gribben CR Father George Paul Alfred Guiver CR Brother Philip David John Nichols CR Father Thomas Christopher John Seville CR

The above have served as trustees throughout both the year and the comparative year.

Website: www.mirfield.org.uk Registered Office: The House of the Resurrection Stocks Bank Road Mirfield West Yorkshire WF14 0BN Head of Strategy & Finance: Father Nigel Wright College Principal: The Right Rev'd Mark Sowerby Advisers: Business Management: Resilience Business Support Limited 145 Woodhouse Lane, Brighouse HD6 3TP Bankers: CAF Bank Limited 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ HSBC plc 33 Park Row, Leeds, LS1 1LD Solicitors: Wrigleys LLP 3 Wellington Place, Leeds, LS1 4AP Auditor: Forrest Burlinson 20 Owl Lane, Dewsbury, WF12 7RQ Investments: Brewin Dolphin Limited 12 Smithfield Street, London, EC1A 9BD Custodian Trustees of a jointly owned investment property: Richard Roberts and Mark Jones of Gedye & Sons 15 Old Bailey, London, EC4M 7EF

Page 1

The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

Introducing the Community of the Resurrection

The Community was founded in 1892, to act as an Association of Christians who desire to follow the Gospel life after the pattern of those recorded in the Acts of the Apostles of whom it is said that: "they continued steadfastly in the Apostles' teaching and in the fellowship, in the breaking of the bread and in the prayers" and "the company of those who believed were of one heart and one soul, and no one said that any of the things which he possessed was his own, but they had everything in common."

Members of the Community of the Resurrection follow a daily routine of prayer and worship. The Community undertakes charitable works at home and overseas, this includes pastoral, evangelistic, literary, educational, ecumenical and other charitable works for the advancement of religion.

The Community supports, and has the support of Oblates, an Associate and the Society of the Resurrection, who follow a rule of life founded on that of the Community. The Companions of the Resurrection, an organisation of non-monastic affiliates, continue to have regional gatherings supporting the Community through prayer and fellowship.

Charitable purposes

• l the advancement of religion;

• l the advancement of religious education;

• l the advancement of such other charitable purposes beneficial to the community.

Statement on public benefit

The trustees are pleased to confirm that they have considered the Charity Commission's guidance on public benefit in deciding the activities and operations of the charity and trust that this report, together with information on www.mirfield.org.uk, demonstrates this.

Activities and organisations

Our site at Mirfield consists of:

The House of the Resurrection , where the members of the Community live.

The Retreat House , which is an integral part of the House, in which retreatants and other guests can stay to live and pray alongside the Community. Its annual programme offers educational courses, both short and residential, day events and quiet days, and focusses on themes of prayer, pastoral support and encounter.

The Church of the Resurrection , which is the heart of the Community's life together and has been restored to create a unique place of worship and pilgrimage.

The College of the Resurrection , which is a theological college, particularly for the formation of candidates for ordination in the Church of England; it is unique in being the only theological college in the Anglican Communion that shares its life with a monastic community.

There is an extensive library specialising in theological and ecclesiastical subjects with registered readers and a programme of events.

There is also a bookshop selling religious books and other titles, including writings by CR brethren.

Brethren hold responsibilities on site, such as the receiving of guests and visitors, leading individuals and groups on retreat, teaching and educational chaplaincy with the regional St Hild College, and caring for the sick and elderly.They also undertake ministry locally, including through the Mirfield Centre , and in areas such as ecumenical relations, counselling and social care work.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

Brethren publish books, pamphlets,prayers and meditations.

The Community has long-standing links with the Romanian Orthodox Church which has sent priests, monks and students to Mirfield. There are also many connections with religious communities in Europe and other parts of the world, including a covenanted relationship for over fifty years with The Community of St. Matthias in Trier and the Huysburg, Germany.

The Community is formally affiliated to the Congregation of the Annunciation.

In 2016 the Community set up a trading subsidiary, Mirfield Monastery Ltd, which undertakes the trading activities of the Community and all profits are gifted to the charity.

The Frere Educational Trust (the College of the Resurrection)

The Frere Educational Trust is a subsidiary company of the Community, being a company limited by guarantee and not having a share capital. The Trust has one member, the Community of the Resurrection. The principal activity of the Trust is the work of the College of the Resurrection, which is committed to theological education and, particularly, the formation of candidates for ordination in the Church of England. The work of the College includes the Mirfield Liturgical Institute , which supports higher degrees in liturgical studies.

Co-operation with other organisations

During the period the Community worked and enjoyed links with many organisations including:

• l St. Hild College;

• l The Yorkshire Theological Education Partnership (YTEP);

• l The National Ministry Team of the Church of England;

• l Leeds Diocesan School of Ministry;

• l The University of Durham, in awarding degrees at the College of the Resurrection;

• l The Community of St. Anselm, Lambeth Palace.

Achievements and performance

The Community of the Resurrection has:

• Welcomed parish pilgrimages, parish weekends and parish away days;

• Developed a programme of retreats for clergy, lay people and groups alongside community life;

• Delivered a number of one-off events for lay people and parishes within the diocese and beyond;

• Offered opportunities for pastoral care and continuing ministerial development to those on sabbatical;

• Welcomed volunteers supporting work particularly in the grounds, shop and libraries;

• Nurtured spiritual life for many elsewhere in the UK and further afield through the Oblates, Companions,

• and Society of the Resurrection.

Throughout the full financial year, the Community of the Resurrection has:

• Continued to work with, and support the College of the Resurrection;

• Providing teaching in specific areas

• Welcoming ordinands to join the Community in prayer and worship

• Supporting the common life

• Providing spiritual direction

• Supporting administration, finance and governance;

• Supported through chaplaincy, pastoral care and teaching, the work of theological formation

• with site partners;

• Maintained daily streaming of all church services;

• Offered the church for use by voluntary and community groups;

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

(incorporating the Group Directors' Report)

• Participated in Churches Together in Mirfield and District;

• Engaged with other religious communities ecumenically in this country and abroad;

• Offered pastoral support to a number of Anglican religious communities;

• Supported as visiting preachers, the practice of keeping Holy Week in parishes across the UK and abroad;

• Worked with the wider Church through General Synod and its Faith and Order Group;

• Worked with the Church nationally to discern, nurture and encourage vocations;

• Enabled brethren to preach, work and lead retreats with parishes and groups around the country and

• abroad both in person and online;

• Heard confessions, offered the sacrament of reconciliation and given spiritual direction;

• Held a training event on ministering the sacrament of reconciliation;

• Explored developing the work of the Mirfield Centre among Church groups in the region;

• Welcomed people seeking to explore a vocation to the religious life;

• Hosted: o St Hild College

• Leeds Diocesan School of Ministry (Wakefield and Huddersfield hub)

• Yorkshire Theological Education Partnership

• Mirfield Liturgical Institute

• Leeds Diocesan Resource Centre

• Welcomed organisations for prayer, retreat, study and reflection including:

• All Saints Community, Wakefield

• Bishop Grosseteste University Chaplaincy

• The Company of Mission Priests

• Diocese of Leeds Spiritual Directors

• Diocese of Leeds Youth Leaders

• Diocese of Sheffield curates

• Diocese of Sodor and Man curates

• The Fellowship of Contemplative Prayer

• The Fellowship of St John

• Forward in Faith

• The Gathering for younger Anglican clergy

• Goodenough College

• Leaders of Anglican Religious Communities

• Leeds Church Institute

• Nazareth Community, St Martin-in-the-Fields

• Novice Guardians of Anglican Religious Communities

• Order of the Holy Paraclete Tertiaries

• School of Contemplative Life

• Society of Liturgical Studies

• Society of Catholic Priests

• University of Huddersfield

• University of Sheffield Chaplaincy

• Published a number of books written by brethren and others connected with the Community;

• Continued to publish a Quarterly Review magazine;

• Extended the hospitality of the Community through Weddings, Birthday and Anniversary celebrations

• and an on-site bed and breakfast;

• Raised awareness of the Community and its works through social media, a monthly e-newsletter and

• printed leaflets;

• Maintained up-date Safeguarding training and practice for brethren, staff and volunteers in accordance

• with national Church procedures;

• Been the Patron for ACross Country charity working with refugees and asylum seekers, and participated

• in events which it holds;

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

(incorporating the Group Directors' Report)

• Helped further plans for and provided a trustee for the future of the Hermitage at Shepherd’s Law;

• Provided a trustee and executive officer/fundraiser for Tariro UK, supporting educational work among

• orphans and young people in Zimbabwe;

• Provided a trustee for the Biko-Bowcott Trust, supporting theological formation in South Africa;

• Supported the life of the dioceses of the Western Cape through a programme of teaching, visiting and

• retreat;

• Supported from restricted funds work in Zimbabwe with young people and Anglican sisterhoods;

• Hosted a ‘Family Fun’ day for local residents and a Festival Day for churches;

• Undertook cataloguing and conservation of the Library collection, and made further significant

• improvements to the Library rooms and fittings;

• Held Open Days for the Library;

• Maintained the Community's archives, making these available for outside users;

• Worked with Victim Support;

• Welcomed speakers and given time to understand more deeply issues of racial justice and of neurodiversity;

• Hosted visits from local schools;

• Hosted a programme of concerts in the church;

• Gave work experience to local secondary school students;

• Appointed a Head of Strategy and Finance to develop and implement financial and operational plans for

• the future of the Community’s mission.

• Renewed lighting and sound systems in the church.

• Enhancing the accessibility of the site.

Financial Review

Group

Financially things have improved both for the Community and the College (the Frere Educational Trust). The Group recorded a deficit on unrestricted funds of £58,000 before gains and losses on investments. Net income for restricted funds was £10,000 (2023: £75,000 net spending).

Results for the components of the group were as follows.

The Community of the Resurrection (parent charity)

Total income for the year was £1,455,000 and expenditure £1,537,000, a deficit, before gains and losses on investments, of £82,000. (2023: deficit of £576,000).

Gains on investments and investment property for the parent charity were £753,000, following losses in 2023 of £1,327,000.

The CR Future Fund aims to raise funds for the future of the Community in Mirfield, in particular making improvements and alterations to the House of the Resurrection, and raised a further £26,981.

Mirfield Monastery Ltd

This wholly owned trading company, which organises weddings and conferences on site, generated net income before provision of staffing costs of £65,000 (2023: £46,000).

All profits go the Community of the Resurrection in accordance with the tax rules for charity trading. No member of the Community, or CR management receives any remuneration from this company.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporatingthe GroupDirectors' Report)	Company Registration No. 247772 Charity Registration No. 232670
Group incomereceived in the year was made up of the following: 2024 £000 Donations, grants & legacies 245 14% The College of the Resurrection 450 25% Income from investments 360 20% Brethren's pensions etc 197 11% Retreats 158 9% Rents 72 4% Events 108 6% Education 38 2% Bookshop 21 1% Sundry income 11 <1% Profit on sale of property 136 8% 1,796	2023 £000 196 14% 352 25% 337 24% 174 12% 115 8% 83 6% 93 6% 53 4% 16 1% 11 <1% 1,430

----- Start of picture text -----
Profit on sale of
property
Bookshop
Education
Donations,
grants & legacies
Events
Rents
The College of the
Resurrection
Retreats
Brethren's
pensions etc Income from
investments
----- End of picture text -----

And the group expenditure can be categorised as:

College costs (FET) Site property costs Site catering Admin and governance Other religious activities Managing investments Brethren spending Events Raising funds Grants made Bookshop Education programmes	2024 £000 573 31% 517 28% 234 13% 164 9% 73 4% 91 5% 61 3% 50 3% 50 3% 17 1% 14 <1% -- 0% 1,844	2023 £000 535 32% 794 31% 227 11% 167 7% 79 4% 108 4% 75 4% 47 3% 49 3% 15 1% 11 <1% -- <1% 2,107

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

The Frere Educational Trust (the College of the Resurrection)

Students numbers as at 31 August 2024 stood at 14 (2022/23: 15). This reduction, as a result of low recruitment, though disappointing, again reflects a reduction in the number of students recruited by all residential theological colleges.

Inevitably this situation continues to have a significant impact on the finances of the Frere Educational Trust.

Income from maintenance and tuition fees for the year was £332,872 (2023: £273,317). This income is driven by student numbers. Additional income from the provision of housing, receipts from guests and other income for the year was: £116,983 (2023: £78,989).

Expenditure was £531,391 (2023: £517,457) after introducing further cost savings. The main increases in the year have been the costs of providing housing and accreditation and fees.

Following a significant deficit in 2022-23 (£132,961), a modest surplus was made in 2023-24 of £17,627.

The financial statements of The Frere Educational Trust contained the following words under the heading regarding going concern:

"At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources, with the support of its parent charity, to continue in operation. The trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

The medium to long-term future of residential training and therefore the College is less certain. Financially the College is dependent upon student numbers and the continued support of its parent charity. The Community of the Resurrection has given an undertaking to fund future deficits of the Frere Educational Trust for the next five academic years. Work continues on a Plan for Quality and Sustainability."

Investments

Policy

The trustees have powers under the Articles to invest surplus funds and to invest and dispose of capital. Where legacies or other incomings have a restricted purpose (or endowment) these funds are held in separate investment portfolios and the income and capital treated according to the wishes of the legator, or restriction on the fund.

The trustees are conscious of the liquidity requirements of operating the Mirfield site which remains challenging as the buildings get older and more and more people interact with the Community on the site in different ways, for which we are of course thankful.

Thus our investment strategy has to achieve both a need to generate income returns, safeguard capital and have sufficient flexibility to meet both planned and unexpected needs for cash. This we do in conjunction with our investments advisers at Brewin Dolphin. The trustees with the advisers undertake an annual review of the investment strategy and risk, in addition to receiving updates on performance on a quarterly basis.

Performance

Realised investment gains on disposals from group investment portfolios were £42,000 (2023: £8,000). Movements on the investment portfolios showed a gain (unrealised gains) for the year of £468,000 (2023: £244,000 losses). The trustees recognise that the performance of the investment portfolio has been disappointing over the period since the start of the pandemic with various economic shocks to the system, both globally and particularly in the UK, and continue to work closely with our investment advisers.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

In 2015 the Community was joint beneficiary to an estate that consisted of an investment property. The property was valued as at 31 August 2024 by a qualified professional valuer. This valuation led to a recovery in the value of the Community's share of the property in the year of £225,000 this followed a write-down in 2023 of £1,127,000.

The trustees agreed to the reduction in 2023 for the purposes of these accounts, whilst accepting that even professionally prepared property values are to a large extent a matter of opinions and judgements, and that such a large reduction reflects the differing views of a new professional valuer on the market conditions at that time and unlikely to be what could be achieved were there to be an actual future sale.

Reserves policy

Reserves are needed both to bridge the gap that appears between the income the charity receives and its expenditure; the fact that the charity is dependent on a number of non-recurring sources of income such as donations and legacies; the need to address unplanned emergency repairs; what can be significant planned repairs to buildings; and for future plans which could involve substantial capital expenditure, and; the need for contingencies.

The policy is therefore to maintain the capital of each fund in order to generate income which is used to support the purposes of the Community and to safeguard funds that have been generously donated to the Community by way of legacy in order that they may help contribute to the future of the Community.

As well as for the purposes of the restricted funds detailed below, the priorities are:-

• funding the continuing work of the Community;

• developing new ministries to meet the emerging needs of the age and so sustain the relevance and viability of the Community's mission;

• supporting and strengthening the College of the Resurrection in the present crisis in Church of England recruitment;

• making plans for the future of the Community buildings in Mirfield to meet the Church of England's environmental sustainability targets, to create a monastic environment that speaks in this century of the vision of religious life and to secure improvements for the benefit of current guests, retreatants, staff and brethren.

In this respect, the Community is determining what is affordable at present and what will require further fundraising effort for the future.

Summary of group reserves held as at 31 August 2024: General Reserves Designated Funds: Funds that can only be realised by disposing of tangible fixed assets Other funds designated by the trustees for specific purposes Restricted Funds: The Archdeacon Goodman Fund The Zimbabwe Fund The Church Appeal Fund The CR Future Campaign Artists in Residence Fund Chichester Library Prospective Ordinands Fund (FET) Permanent Endowment Fund: The Archdeacon Goodman Bequest Fund Total funds held at the end of the period:

£000 £000 6,247 6,934 307 7,241 15 9 23 536 4 2 1 590 47 14,125

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Company Registration No. 247772 Charity Registration No. 232670

The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Details of all these funds and further breakdowns are given in the notes to the financial statements.

Grant making policy

The Community has both restricted and designated funds and receives requests for charitable donations, as well as individual brethren suggesting projects or organisations worthy of and needing financial support. Projects and organisations are considered on their merits and in the context of the Community's charitable purposes and whether they meet the criteria of the available funds, which are detailed in the accounts.

Plans for the future

Many of the monastic community's activities continue year on year so, whilst always looking for additional ways to fulfil the Community's charitable purposes, the brethren endeavour to maintain continuity and deliver existing activities well.

Specific plans for this period include:

• l Seeking funding for and launching a new residential community on site for younger lay people seeking to deepen their formation in the Christian life;

• l Strengthening the Companions CR including through developing regional associations;

• l Renewing common practices of our monastic life to fit the current size of the Community and engage more openly with the contemporary world;

• l Cataloguing the Library collection and broadening knowledge of its availability by employing a further professional librarian;

• l Gain planning permission and realising the finance for a phased renovation of the main building and retreat house to achieve environmental sustainability, support the religious life for men in the Church of England and enhance retreats;

• l Completing structural works advised by quinquennial inspections;

• l Assessing the feasibility of developing a floor of new en-suite facilities to enable religious conferencing and longer-term lay residential formation.

• l Developing Business Plans to support these works, including re-balancing the capital assets of the Community.

Structure, Governance and Management

The Community of the Resurrection being a charitable company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association. Each member of the charitable company undertakes to contribute towards the costs of dissolution and the liabilities incurred by the company whilst a member, this contribution is limited to £1 per member.

The directors of the charitable company are its trustees for the purpose of charity law and throughout this report are referred to as the trustees. The trustees have control of the charitable company and its property and funds.

The trustees named on page 1 have served throughout the year except where indicated. The Community is administered by the trustees, who meet on a monthly basis to consider all matters in accordance with the Community's objectives and policies. A committee system is in operation to oversee particular aspects of the Community's operations, subject to the approval of the trustees and Chapter.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

Trustee appointment, induction and training

The Community recognises that it has a responsibility to provide guidance and assist new trustees in fulfilling their duties and responsibilities, this is done in accordance with Charity Commission guidance.

New trustees are elected from the Community's members who have sufficient experience, they are then given appropriate Charity Commission publications.

Financial control and scrutiny

Each year two of the Community's brethren are elected as Scrutineers. In this role they analyse the accounts and produce a report of their findings presented to members at the Annual General Meeting.

The Community is also subject to a quinquennial visitation by the Community Visitor, a Church of England Bishop, this results in a report covering all aspects of the Community's activities, including financial procedures. As well as having professional advisers in finance, building and maintenance services, legal and employment matters, the Community receives updates from Church bodies and by virtue of membership of the Association of Provincial Bursars.

The Community has a Financial Advisory Committee which meets regularly and includes the Community's investment adviser as well as trustees, senior staff and finance professionals.

Brothers' capital and income

When brethren join the Community, the capital which they possess may be invested on their behalf by the Community's stockbrokers. Any such capital is invested in the name of the Brother. Income from these investments is given by the brethren to the Community.

Staffing and pay policy for senior staff

A significant proportion of the running of the Community is performed by the trustees and other brethren who do not receive any remuneration. The Community has structures in place that involve employees at all levels and consults regularly on staff issues. The pay of senior staff is reviewed annually in April. The Community has introduced a Real Living Wage policy for staff.

Risk management

The trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

Consideration includes, but is not limited to:

• l Financial risks such as operating deficits which could diminish resources and put at risk the work of the charity, which are addressed by budgeting and having a site management plan;

• l The financing of much-needed capital projects that could put the charity's resources at risk, which is addressed by specific fundraising and a policy that capital funds have to be secured and sufficient before any projects are contracted for;

• l Risks surrounding the College of the Resurrection are considered in detail by the Frere Educational Trust and include operational, academic, financial and governance matters, as well as issues such as the risks arising from the uncertainties over the future of residential training in the Anglican Church;

• l Investment risks are addressed by working closely with investment advisers;

• l Welfare and safety risks are addressed by a Safeguarding Officer, following diocesan guidance and regular training, as well as employing a Health and Safety Officer who also receives regular training.

• l Operational risks, including guest and visitor numbers, as well as reputational risks, are reviewed particularly in light of trading and income generating activities.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

Safeguarding

The Community is committed to safeguarding and promoting the welfare of children, young people and vulnerable adults. To fulfil this commitment, a number of safeguarding arrangements are in place. The Community has two safeguarding officers who provide support and training so that all staff and volunteers know about and follow the policies and procedures in place. All eligible staff and volunteers are required to undertake relevant safeguarding training and this is regularly reviewed by the Safeguarding Officers.

All policies and procedures in respect of safeguarding children, young people and vulnerable adults are up to date and in line The Church of England's Guidelines - Promoting a Safer Church. Safeguarding is a standing agenda item for meetings of the trustees, with a full policy review undertaken annually in conjunction with expert external advisors.

Fundraising

The Community understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. Our small fundraising team uses a CRM database to manage campaigns and marketing, this ensures they can record communications and marketing preferences, which protects donors and potential donors from unwanted contact. The Community does not use any third party fundraising organisations to carry out fundraising activities. We are registered with The Fundraising Preference Service, and have not received any complaints during the year.

Trustees' responsibilities in relation to the financial statements

The trustees (who are also directors of the Community of the Resurrection for the purposes of company law) are responsible for preparing the Trustees' Annual Report (incorporating the Group Directors' Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group, and of the income and expenditure, of the charitable group for that period.

In preparing the financial statements, the trustees are required to:

• l select suitable accounting policies and apply them consistently;

• l observe the methods and principles in the Charities SORP;

• l make judgements and estimates that are reasonable and prudent;

• l state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• l prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Articles of Association.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The Community of the Resurrection Trustees' Annual Report for the year ended 31 August 2024 (incorporating the Group Directors' Report)

Company Registration No. 247772 Charity Registration No. 232670

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Audit

The group financial statements are subject to audit under the Charities Act 2011.

The trustees have opted to exercise the exemption granted by section 477 and section 479(1) of the Companies Act 2006 for small groups not to be audited under the Companies Act 2006. There is no difference between the quality of audit required between the two Acts.

Statement of disclosure to the auditors

In the case of each of the persons who are directors at the time when this report is approved, the following applies:

• l so far as each director is aware, there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group's auditors are unaware, and

• l each director, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each taken all steps that he is obliged to take as a director in order to make himself aware of any relevant audit information and to establish that the auditor is aware of that information.

Approval

These accounts are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report for the financial year ended 31 August 2024 was approved by the trustees on 3 March 2025 and signed on their behalf by:

……………………………………………

Fr. Oswin Philip Gartside CR Superior The Community of the Resurrection

Company Registration No. 0247772

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The Community of the Resurrection Independent Auditor's Report to the Members of The Community of the Resurrection

Company Registration No. 247772 Charity Registration No. 232670

Opinion

We have audited the financial statements of The Community of the Resurrection for the year ended 31 August 2024 which comprise the Group Statement of Financial Activities (incorporating consolidated income and expenditure account), the Group Balance Sheet, (incorporating the Charitable Company Balance Sheet), the Statement of Cash Flows and Consolidated Statement of Cash Flows, and the related notes including significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• l give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31 August 2024, and of its incoming resources and application of resources for the year then ended;

• l have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• l have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and the provisions available for small entities, in the circumstances set out in note 31 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees' report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Group and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report (incorporating the Group Directors' Report).

Page 13

The Community of the Resurrection Independent Auditor's Report to the Members of The Community of the Resurrection

Company Registration No. 247772 Charity Registration No. 232670

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• l adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• l the financial statements are not in agreement with the accounting records and returns; or

• l certain disclosures of trustees' remuneration specified by law are not made; or

• l we have not received all the information and explanations we require for our audit.

Responsibilites of trustees

As explained more fully in the Statement of Trustees Responsibilities (set out in the Trustees Annual Report), the trustees (who are also the directors of the charitable company for the purposes of company law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees' are responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsbilities, outlined above, to detect material misstatements in respect of regularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our procedures and testing included but were not limited to the following.

We assessed the suspectibility of the Group's financial statements to material misstatement, in respect of irregularities, including fraud and non-compliance with laws and regulations, this also includes obtaining an understanding of how fraud might occur by:

• l making enquiries of management as to their assessment of the susceptibility to fraud, using the register of risks, their knowledge of actual, suspected and alleged fraud;

• l considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations.

Due to the increased risk of fraud through management bias and overriding of controls, we:

• l performed analytical procedures to identify any unusual transactions or relationships;

• l tested journal entries for unusual transactions;

• l assessed judgements and assumptions made by management for potential bias;

• l considered the rationale for any significant or unusual transactions.

Page 14

The Community of the Resurrection Independent Auditor's Report to the Members of The Community of the Resurrection

Company Registration No. 247772 Charity Registration No. 232670

We also carried out procedures to:

• l agree the financial statement disclosures to the supporting records and documentation;

• l read the minutes of meetings of those charged with governance;

• l enquire of management as to any actual or potential litigation and claims; and

• l review relevant documentation and correspondence.

There are inherent limitations in our audit procedures. Auditing standards limit the audit procedures to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. The further that particular laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Material misstatements that arise due to fraud usually involve deliberate concealment or collusion, such material misstatements are harder to detect than those that arise from error.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the members of The Community of the Resurrection, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

13 March 2025 Forrest Burlinson, Statutory Auditor Forrest Burlinson is eligible for appointment as auditor of the 20 Owl Lane Group by virtue of its eligibility for appointment as auditor of Dewsbury a company under section 1212 of the Companies Act 2006. WF12 7RQ

Page 15

The Community of the Resurrection Consolidated Statement of Financial Activities (including consolidated income and expenditure account) for year ending 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

----- Start of picture text -----
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
Note 2024 2023
£'000 £'000 £'000 £'000 £'000
Income:
Donations and legacies 4 386 56 -- 442 370
Charitable activities:
Carrying out religious activities 5 734 -- -- 734 615
Other trading activities:
Commercial trading 6 124 -- -- 124 108
Investments 7 358 2 -- 360 337
Other income 8 136 -- -- 136 --
Total income 1,738 58 -- 1,796 1,430
Expenditure:
Costs of raising funds:
Fundraising costs 50 -- -- 50 49
Investment management fees 9 91 -- -- 91 108
Commercial trading 10 64 -- -- 64 58
205 -- -- 205 215
Charitable activities:
Operating theological college 11 571 2 -- 573 535
Religious activities 12 1,012 37 -- 1,049 1,342
Grants made 13 8 9 -- 17 15
1,591 48 -- 1,639 1,892
Total expenditure 1,796 48 -- 1,844 2,107
Net income/(expenditure) and net
movements in funds before gains
and losses on investments (58) 10 -- (48) (677)
Net gains/(losses) on investments 14 730 -- 5 735 (1,363)
Net income/(expenditure) 672 10 5 687 (2,040)
Transfers between funds -- -- -- -- --
Net income/(expenditure) and net
movement in funds for the year 672 10 5 687 (2,040)
Reconciliation of funds
Total funds brought forward 12,816 580 42 13,438 15,478
Total funds carried forward 13,488 590 47 14,125 13,438
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

Page 16

Company Registration No. 247772 Charity Registration No. 232670

The Community of the Resurrection Consolidated and Company Balance Sheet as at 31 August 2024

----- Start of picture text -----
Group Group Charity Charity
Note 2024 2023 2024 2023
Fixed assets £'000 £'000 £'000 £'000
Tangible assets 19 4,302 4,590 4,302 4,590
Investment properties 20 2,750 2,525 2,750 2,525
Investments 21 6,118 5,704 6,172 5,740
Total fixed assets 13,170 12,819 13,224 12,855
Current assets
Stocks 15 15 15 15
Debtors 22 168 154 145 152
Cash at bank and in hand 1,049 780 919 697
Total current assets 1,232 949 1,079 864
Liabilities:
Creditors falling due within one year 23 (147) (193) (67) (147)
Net current assets 1,085 756 1,012 717
Total assets less current liabilities 14,255 13,575 14,236 13,572
Provisions for liabilities 24 (130) (137) (130) (137)
Liability arising on multi-employer
defined benefit pension scheme 18 -- -- -- --
Total net assets 14,125 13,438 14,106 13,435
The funds of the charity: 25,26
Unrestricted funds 13,488 12,816 13,470 12,813
13,488 12,816 13,470 12,813
Endowment funds 47 42 47 42
Restricted funds 590 580 589 580
Total charity funds 14,125 13,438 14,106 13,435
----- End of picture text -----

The notes on pages 20 to 41 form part of these accounts.

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to the members of the charitable company.

Page 17

The Community of the Resurrection Consolidated and Company Balance Sheet as at 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

These accounts have been audited in accordance with the Charities Act 2011.

For the financial years ended 31 August 2023 and 2024 the group was entitled to exemption from audit under sections 477 and 479(1) of the Companies Act 2006 relating to small groups.

Directors' responsibilities:

• The members have not required the group to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The financial statements were approved by the trustees on 3 March 2025 and signed on their behalf by:

……………………………………………

Fr. Oswin Philip Gartside CR Trustee/Director The Community of the Resurrection

…………………………………………… Br. Philip David John Nichols CR Trustee/Director

The Community of the Resurrection

Page 18

The Community of the Resurrection Statement of Cash Flows and Consolidated Statement of Cash Flows for year ending 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

----- Start of picture text -----
Group Group Charity Charity
Note 2024 2023 2024 2023
£'000 £'000 £'000 £'000
Cash flows from operating activities:
Net income/(expenditure) for the year 687 (2,040) 671 (1,903)
Add back depreciation charge 131 133 131 133
-- --
Gain on disposal of property (136) (136)
Write-back of provision for Church floor 49 -- 49 --
(Gains)/losses on investments (735) 1,363 (753) 1,327
Investment income (360) (337) (360) (337)
Decrease (increase) in stock -- 1 -- 1
Decrease (increase) in debtors (14) (30) 7 (21)
Increase (decrease) in creditors (46) (13) (80) (15)
Increase (decrease) in pensions liability (7) (16) (7) (8)
Net cash provided by (used in)
operating activities (431) (939) (478) (823)
Cash flows from investing activities:
Dividends, interest and rents from investments 360 337 360 337
Proceeds from the sale of property 253 -- 253 --
Purchase of tangible assets (9) (5) (9) (5)
Proceeds from sale of investments 371 607 371 494
Purchase of investments (275) (479) (275) (481)
Net cash provided by (used in)
investing activities 700 460 700 345
Change in cash and cash equivalents in the
reporting period 269 (479) 222 (478)
Cash and cash equivalents at the beginning 780 1,259 697 1,175
of the reporting period
Cash and cash equivalents at the end
of the reporting period 1,049 780 919 697
Reconciliation of cash and cash equivalents
Bank and cash in hand 1,049 780 919 697
Total cash and cash equivalents 1,049 780 919 697
----- End of picture text -----

Page 19

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

1 Legal status

The charity is a public benefit entity as defined by FRS 102.

The charity is a company limited by guarantee, registered in England and having no share capital. The company registration number is 247772.

The members of the charity are the members of the Chapter of the Community of the Resurrection, which is open to every brother in life profession worldwide interested in promoting the Objects of the Community who meets the requirements for membership as laid down in the Articles of Association of the Community of the Resurrection. The trustees of the charity are as listed in the Trustees Annual Report.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The charity's registered office is: The House of the Resurrection, Stocks Bank Road, Mirfield, WF14 0BN.

2 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2.1 Accounting convention

The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' - the Charities SORP (FRS 102); the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); the Companies Act 2006; the Charities Act 2011 and relevant accounting regulations.

The financial statements are prepared in sterling (GBP), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest thousand (£000), or one pound where indicated.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value.

The principal accounting policies adopted are set out below.

2.2 Group financial statements and Companies Act 2006 exemptions

The financial statements consolidate the results of the charity and its wholly owned subsidiaries which are The Frere Educational Trust and Mirfield Monastery Limited, on a line-by-line basis. A separate Statement of Financial Activities and income and expenditure account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006 (the Act).

The accounts of The Frere Educational Trust are independently audited. The accounts of Mirfield Monastery Limited have not been audited, the company being entitled to exemption from audit under section 477 of the Act relating to small companies and the member of the company (the Community of the Resurrection), having not required the company to obtain an audit in accordance with section 476 of the Act.

The acquisition method of accounting has been adopted in preparing these consolidated financial statements. Under this method the results of subsidiary undertakings acquired or disposed of in the year are included from the date of acquisition or up to the date of disposal, on a line by line basis.

As the group does not trade for profit, the trustees have taken advantage of section 474(2) of the Act and have prepared an income and expenditure account (which is incorporated into the Statement of Financial Activities) instead of a profit and loss account.

Page 20

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

2.3 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees at their discretion to use for a particular purpose. The aim and use of each designated fund is set out later in these notes. Restricted funds are subject to specific restrictions, which the donor, legatee, or other third party has specified are to be solely used for particular areas of the charity's work or for specific projects undertaken by the charity. The charity has one permanent endowment fund, this type of fund is subject to the assets being invested and retained rather than expended, the use of the income from this endowment is restricted (see later in these notes).

2.4 Going concern

At the time of approving the financial statements, the trustees are of the opinion that there are no material uncertainties about the charitable company's ability to continue as a going concern.

2.5 Income

Income is recognised and included in the accounts when all the following criteria are met:

• l The charity, or one of its subsidiaries, has entitlement to the funds;

• l any performance conditions attached to the income have been met or are fully within the control of the charity, or one of its subsidiaries;

• l it is probable that the income will be received; and

• l the amount can be measured reliably.

The following specific policies apply to categories of income:

Income from grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donation of services: are included at the value to the charity where this can be quantified. Donated goods: these are recognised as income only when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity is probable and that economic benefit can be measured reliably.

In accordance with the Charities SORP (FRS 102) the economic contribution of volunteers' time is not measured in these accounts.

Legacies: entitlement is the earlier of the date on which the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution to the charity will be made, or when a distribution is received. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material in the notes to the accounts.

Income received in advance of the provision of a service or entitlement is deferred until the criteria for income recognition are met and disclosed if material in the notes to the accounts. Interest and investment returns: are recognised when receivable and the amount can be measured reliably, this is normally upon notification by the payer.

Page 21

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

2.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following headings:

Costs of raising funds which comprise the costs associated with attracting voluntary income, the costs of commercial trading and their associated costs.

Expenditure on charitable activities includes the costs of operating the site at Mirfield, the costs of making grants, educational activities and supporting brethren who, as well as being members, are also beneficiaries of the charity.

Any grants made by the charity are accounted for when there is a present obligation as a result of approval and notification to a third party. In practice this will usually be at the same time or only shortly before the grant is paid.

Whilst the charity is registered for VAT, many of the activities undertaken are such that irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred, otherwise expenditure has been shown after the recovery of VAT input tax. All income is shown on the accounts exclusive of VAT.

2.7 Allocation of support costs

Support costs assist the work of the charity but do not directly attribute to charitable activities. These include back office costs such as general administration, bursary costs, finance costs, IT and governance costs. These costs have been allocated between the cost of raising funds and expenditure on charitable activities in accordance with the bases set out in note 15.

2.8 Operating leases

The leasing of some equipment is classified as operating leases, the title to the equipment remains with the lessor and is periodically replaced, these periods fall significantly short of the economic life of the equipment. Rents are therefore accounted for as expenditure on a straight line basis over the term of the lease.

2.9 Taxation

No corporation tax has been provided in these accounts because the trustees believe that the income and gains of the charity are within the exemptions granted by Chapters 2 and 3 of the Corporation Taxes Act 2010.

2.10 Tangible fixed assets and depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases, except freehold land (which is not depreciated):

Freehold buildings over 50 years, straight line on cost Long leasehold buildings over 50 years, straight line on cost less estimated residual value of the lease Fixtures and fittings over between 4 and 20 years, straight line on cost

Page 22

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Some of the Community's buildings have been owned for over 100 years and are used to enable the objects of the charity to be achieved. These buildings will have been fully depreciated at cost in accordance with earlier policies on depreciation and so does not have a cost attributed in these accounts.

More recent expenditure on buildings is included and depreciated in accordance with the above policy. The original probate value of land at Mirfield after over 100 years will have an historic cost that today will be negligible.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the Statement of Financial Activities.

2.11 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost, or probate value, and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the Statement of Financial Activities.

2.12 Fixed asset investments

Investments are initially recognised at their transaction value and subsequently measured at fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities (income and expenditure account) includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not use complex financial instruments, as defined under the Charity SORP (FRS 102).

2.13 Stock

Stocks are stated at the lower of cost and estimated selling price, less costs to sell. Donated items of stock, if over £1,000 in value, are recognised on receipt at fair value which is the amount the charity would expect to pay for the items on an open market.

2.14 Debtors

Trade and other debtors are recognised at the settlement amount due after any discount.

Prepayments are the amount of expenditure prepaid as at the period end after taking account of any discount. Legacies not yet received are legacies accounted for in accordance with the above recognition policy where the expected amount has not been received at the period end.

2.15 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation as a result of a past transaction or event that will probably result in the transfer of funds and the amount due to settle the obligation can be measured or estimated reliably, these are recognised after any discount due.

2.16 Financial instruments

Financial instruments are recognised in the group and the charity's balance sheet when the charity, or one of its subsidiaries, becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, only when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 23

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Being a company limited by guarantee, the charity has no equity instruments. Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.17 Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.18 Pensions

The group participates in two pension schemes, one for stipendiary staff (CEFPS) and one for other academic and lay staff (CWPF), each scheme has been accounted for in these accounts as follows:

The Frere Educational Trust participates in the Church of England Funded Pensions Scheme (CEFPS) for stipendary clergy, a defined benefit pension scheme. This scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme seperately from those of the Responsible Bodies.

Each participating Responsible Body in the scheme pays contributions at a common contribution rate applied to pensionable stipends. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is not possible to attribute the scheme's assets and liabilities to each specific Responsible Body, and this means contributions are accounted for as if the scheme were a defined contribution scheme. The pension costs charged to the Statement of Financial Activities (incorporating the income and expenditure account) in the year are contributions payable towards benefits and expenses accrued in that year, plus the figures highlighted in the table in note 18.

Both the Community and The Frere Educational Trust also participate in the Pension Builder section of the Church Workers Pension Fund (CWPF). The scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes seperately from those of the employer and other participating employers. CWPF has two sections:

1. the Defined Benefits Scheme

2. the Pension Builder Scheme, which has two subsections: a. a deferred annuity section known as Pension Builder Classic, and, b. a cash balance section known as Pension Builder 2014.

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Page 24

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The contributions paid are detailed in note 18.

In addition, The Community also operates discretionary pensions for certain of its past employees. Such pensions are non contributory. A provision has been made in the accounts to cover future pension obligations. In the event of this fund being insufficient to meet such obligations amounts would be made available from other funds to cover any liabilities. The costs of pensions made in this way in the year are disclosed within the employees costs in note 17.

3 Consolidation and financial performance of the charity

The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiaries which consist of:

The Frere Educational Trust (company no. 00246351, registered charity no. 529320 )

• registered office: The College of the Resurrection, Stocks Bank Road, Mirfield WF14 0BW

• a company limited by guarantee of which The Community of the Resurrection is the only member.

• a charity which operates the College of the Resurrection.

• its charitable objects are the advancement of religious education for the reception and training of students in theology, science, arts or letters, but more especially for students who are, or who intend to become, candidates for Holy Orders.

Income Expenditure on charitable activities Net gains/(losses) on investment assets Net movement in funds Total Net Assets as at 31 August:	Total 2024 £000 549 (531) 18 -- 18 21	Total 2023 £000 384 (517) (133) (4) (137) 3

Page 25

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Mirfield Monastery Limited (company no. 08516812)

• registered office: The House of the Resurrection, Stocks Bank Road, Mirfield WF14 0BN

• a company having ordinary share capital which is 100% owned by The Community of the Resurrection.

• operates commercial activities on behalf of the charity.

Income Expenditure Gift aid to parent charity company Net income Total Net Assets as at 31 August:	Total 2024 £000 73 (8) (47) 18 54	Total 2023 £000 52 (6) (14) 32 36

The summary financial performance of The Community of the Resurrection alone is:

Income Gift aid from subsidiary company Expenditure on raising funds Expenditure on charitable activities Net incoming resources Net gains/(losses) on investments Net income/(expenditure) Total funds brought forward Total funds carried forward Represented by: Permanent endowment funds Restricted income funds Unrestricted income funds	Total Total 2024 2023 £000 £000 1,408 1,188 47 14 (197) (210) (1,340) (1,568) (82) (576) 753 (1,327) 671 (1,903) 13,435 15,338 14,106 13,435 47 42 589 580 13,470 12,813 14,106 13,435

4 Income from donations and legacies

Donations Legacies Brethren's pensions and investments Grants received	Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 39 47 86 80 149 -- 149 58 197 -- 197 174 1 9 10 58 386 56 442 370

Page 26

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Grants 2024: The Thomas Merton Society for maintenance of the society's library collection (restricted) (£1,000). The Community received a grant towards the Companions of St. Benedict, Cameroon (restricted) (£5,000). The Frere Educational Trust received a grant towards the Prospective Ordinands fund (restricted) (£2,550). The Frere Educational Trust also received a grant towards a student placement overseas (£1,500).

Grants 2023: Funding was received from the Listed Places of Worship Scheme (£48,078) for works in the Church and The Frere Educational Trust received a grant from the Church of England in support of rising energy costs (£9,755).

5 Income from charitable activities Operation of theological college Retreats Rental income Accommodation and conferences Supply of adult religious education Royalties on hymns and books Carrying out other religious activities 6 Income from other trading activities Sale of religious literature Weddings and similar events Commercial accommodation 7 Investment income Income from investment portfolio Income from investment properties 8 Other income Gain on disposal of property 9 Investment management costs Investment portfolio management Investment property management

Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 450 -- 450 352 158 -- 158 115 72 -- 72 83 4 -- 4 -- 38 -- 38 53 1 -- 1 1 11 -- 11 11 734 -- 734 615 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 20 -- 20 15 80 -- 80 64 24 -- 24 29 124 -- 124 108 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 193 2 195 185 165 -- 165 152 358 2 360 337 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 136 -- 136 -- 136 -- 136 -- Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 24 -- 24 35 67 -- 67 73 91 -- 91 108

Page 27

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

10 Costs of commercial trading note Sale of religious literature Weddings and similar events Commercial accommodation Support costs 15 11 Operating theological college note College staff costs Maintenance and utilities Other operating costs Support costs 15 12 Costs of religious activities note Operating monastic site Brethren's expenditure Retreats Carrying out other religious activities Infirmary costs Support costs 15 13 Grants made note Zimbabwe Fund 27 Companions of St.Benedict of Cameroon Charitable donations from General Fund

Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 14 -- 14 11 23 -- 23 20 6 -- 6 6 21 -- 21 21 64 -- 64 58 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 242 -- 242 236 136 -- 136 136 122 2 124 96 71 -- 71 67 571 2 573 535 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 479 28 507 789 42 -- 42 45 10 -- 10 5 64 9 73 79 19 -- 19 30 398 -- 398 394 1,012 37 1,049 1,342 Unrestricted Restricted Total Total Funds Funds 2024 2023 £000 £000 £000 £000 -- 4 4 9 -- 5 5 -- 8 -- 8 6 8 9 17 15

Page 28

Company Registration No. 247772 Charity Registration No. 232670

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

	Donations to charities from the General Fund consist of the following payments:	Donations to charities from the General Fund consist of the following payments:	Donations to charities from the General Fund consist of the following payments:
			Charity Commission	Total	Total
			for England and Wales	2024	2023
			charity reg no.	£	£
	ACross Country		1108983	600	500
	Christian Aid: Middle East Crisis Appeal		1105851	1,000	-
	Church Action on Poverty		1079986	600	500
	DASH (Destitute Asylum Seekers)		1181825	1,000	-
	Kings Lynn Night Shelter		1175645	600	-
	St. George's Crypt		1144474	1,000	-
	Tariro Hope For Youth in Zimbabwe		1136035	1,000	-
	Holy Family Ukrainian Catholic Eparchy		240088	1,000	-
	Victim Support UK		298028	600	-
	Huddersfield Mission		1156590	-	500
	Shearly Cripps Childrens Home, Chikwaka		-	-	1,800
	The Holy Spirit Monastery, Gweru		-	-	1,000
	Companions of St.Benedict of Cameroon		-	1,000	1,000
	The Pathfinder Fellowship		0222612	-	1,000
14	Total Net gains/(losses) on investments Unrealised loss on revaluation of investment property Net realised gain/(loss) on… sale of investments Net unrealised gain/(loss) on… investment portfolio	Unrestricted Restricted Endowment Funds Funds Funds £000 £000 £000 225 -- -- 41 -- 1 464 -- 4		8,400 Total 2024 £000 225 42 468	6,300 Total 2023 £000 (1,127) 8 (244)
15	Support costs Type: Catering Office and administration costs IT costs Governance costs	730 -- 5 Unrestricted Restricted Endowment Funds Funds Funds £000 £000 £000 305 -- -- 149 -- -- 27 -- -- 20 -- --		735 Total 2024 £000 305 149 27 20	(1,363) Total 2023 £000 294 152 27 20
	catering Activity: £000 Fundraising -- Commercial trading -- College 71 Religious activities 234		501 -- -- admin IT governance £000 £000 £000 6 5 -- 15 4 2 -- -- -- 128 18 18	501 Total 2024 £000 11 21 71 398	493 Total 2023 £000 11 21 67 394
	305		149 27 20	501	493

Page 29

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Basis of apportionment:

Catering costs are allocated on the basis of management's activity based costing system. Office and administration costs are allocated according to an estimate of staff time involved. IT and governance costs are allocated according to estimates of resource utilisation.

16	Net movements in funds for the year	Total	Total
	Net movements in funds for the year is stated after charging:	2024	2023
		£000	£000
	Auditors' remuneration for audit services to the Group	14	16
	of which £3,050 (2023: £2,920) relates to subsidiaries.
	Auditors' remuneration for accountancy and tax services	12	15
	of which £3,216 (2023: £2,950) relates to subsidiaries.
	Depreciation	131	133
	Operating leases - equipment	7	11

17 Employees

The average monthly number of staff employed by the group during the reporting period and an estimate of the full-time equivalent (FTE) number of staff:

	Average no.	FTE no.		Average no.	FTE no.
	2024	2024		2023	2023
College academic staff	4	4		5	5
Administration staff (college)	2	1		1	1
Management and administration staff	4	3		3	2
Household, maintenance and grounds	9	6		8	6
Fundraising	1	1		1	1
Catering staff	10	6		8	6
Infirmary	2	1		2	1
Library	2	1		1	1
The cost in respect of staff:	34	23	Total	29 Total	23
Wages and salaries			2024 £000 633	2023 £000 610
Pension contributions			50	56
- increase/(reduction) in liability on past service cost (CEFPS)			--	(8)
Social security costs			51	47
			734	705

No employee had emoluments of more than £60,000.

The total remuneration paid to Key Management in the year was £66,992 (2023: £56,882).

Pension and social security costs are allocated to activities in proportion to the related staffing costs, including where applicable to restricted funds.

Trustee remuneration

No remuneration was paid to any trustee in the year nor did they receive any benefits from employment with the charity or its subsidiaries in the year, or the prior year.

All charity trustees are members of the Community and therefore are also beneficiaries of the parent charity.

Page 30

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

18 Staff pensions

Note 2.18 explains each pension scheme operated by the Group and outlines the accounting treatment.

Church of England Funded Pension Scheme (CEFPS)

The Frere Educational Trust participates in the CEFPS for stipendary clergy. Each participating Responsible Body in the scheme pays contributions at a common contribution rate applied to pensionable stipends. The scheme is considered a multi-employer scheme as outlined in note 2.18 above.

The pension costs charged to the SoFA (income and expenditure account) in the year are contributions payable towards benefits and expenses accrued in that year (2024: £21,964 ,2023: £30,754).

A valuation is carried out once every three years. The most recent scheme valuation completed was carried out as at 31 December 2021. The 2021 valuation revealed a surplus of £560m, based on assets of £2,720m and a funding target of £2,160m, assessed using the following assumptions:

• an average discount rate of 2.7 p.a.;

• RPI inflation of 3.6% p.a. (and pension increases consistent with this);

• CPIH inflation in line with RPI less 0.8% pre 2030 moving to RPI with no adjustment from 2030 onwards;

• increase in pensionable stipends in line with CPIH;

• mortality in accordance with 90% of the S3NA tables, with allowance for improvements in mortality rate in

line with the CMI 2020 extended model with a long term annual rate of improvement of 0.5% pa and an, allowance for 2020 data of 0% (i.e. w2020=0%).

Following finalisation of the 31 December 2021 valuation, deficit contributions ceased with effect from

1 January 2023, since the scheme was fully funded.

The deficit recovery contributions under the recovery plan in force at each 31 December were as follows:

----- Start of picture text -----
% of pensionable stipends:
% of pensionable stipends:
31 December 2021 7.1% payable from January 2021 to December 2022
31 December 2022 Nil
31 December 2023 Nil
----- End of picture text -----

An interim reduction to deficit contributions to 3.2% of pensionable stipends was made with effect from April 2022, and remained in place until December 2022.

For senior office holders, pensionable stipends are adjusted in the calculations by a multiple, as set out in the scheme's rules.

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. However, as there are no agreed deficit recovery payments from 1 January 2023 onwards, the balance sheet liability as at 31 August 2024 is nil.

The movement in the balance sheet liability over 2023 and over 2024 is set out in the table below.

Table:

Balance sheet liability at 1 September Deficit contribution paid Remaining change to the liability SoFA Balance sheet liability at 31 August	2024 £ -- -- -- --	2023 £ 8,000 (6,000) (2,000) --

Page 31

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

This liability represented the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions. No assumptions are needed for December 2022 and 2023 as there are no agreed deficit recovery payments going forward. No price inflation assumption was needed for December 2021 since pensionable stipends for the remainder of the recovery plan were already known.

----- Start of picture text -----
December December December
2023 2022 2021
Discount rate n/a n/a 0.0% pa
Price inflation n/a n/a n/a
Increase/(decrease) to total pensionable payroll n/a n/a (1.5%) pa
----- End of picture text -----

The legal structure of the scheme is such that if another Responsible Body fails, the relevant employer (The Frere Educational Trust), could become responsible for paying a share of that Responsible Body's pension liabilities.

Church Workers Pension Fund (CWPF)

----- Start of picture text -----
|||||| |---|---|---|---|---| |Group|Group|Charity|Charity| |2024|2023|2024|2023| |No. staff|25|20|22|18| |£|£|£|£| |Contributions charged to the SoFA in the year:|28,389|24,311|21,786|18,818|

----- End of picture text -----

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent scheme valuation was carried out as at 31 December 2019. The next valuation is due at 31 December 2022. Calculations for this are currently under way.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions in payment in respect of post April 2006 service so that the pension increase was 5% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2023. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, the relevant employer (The Community of the Resurrection, or The Frere Educational Trust), could become responsible for paying a share of the failed employer's pension liabilities.

Discretionary Pensions

The Charity also operates discretionary pensions for certain of its past employees. Such pensions are non-contributory. A provision has been made by the trustees in respect of the potential liabilities arising from this scheme of £130,159 (2023: £137,000).

The costs of pensions payable in the year was £9,511 (2023: £9,028).

19 Tangible Fixed Assets - Group

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Freehold|Leasehold|Fixtures| |Land and|Land and|and|Motor| |Buildings|Buildings|fittings|Vehicles|Total| |Cost|£000|£000|£000|£000|£000| |At 1 September 2023|5,956|160|459|17|6,592| |Additions|--|--|10|--|10| |--|--| |Disposals|(49)|(160)|(209)| |At 31 August 2024|5,907|--|469|17|6,393|

----- End of picture text -----

Page 32

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Depreciation At 1 September 2023 Charge for the year On disposals At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 Tangible Fixed Assets - Company Cost or valuation At 1 September 2023 Additions Disposals At 31 August 2024 Depreciation At 1 September 2023 Charge for the year On disposals At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023

1,622 42 324 14 2,002 101 -- 29 1 131 -- (42) -- -- (42) 1,723 -- 353 15 2,091 4,184 -- 116 2 4,302 4,334 118 135 3 4,590 Freehold Leasehold Fixtures Land and Land and and Motor Buildings Buildings fittings Vehicles Total £000 £000 £000 £000 £000 5,956 160 459 17 6,592 -- -- 10 -- 10 (49) (160) -- -- (209) 5,907 -- 469 17 6,393 1,622 42 324 14 2,002 101 -- 29 1 131 -- (42) -- -- (42) 1,723 -- 353 15 2,091 4,184 -- 116 2 4,302 4,334 118 135 3 4,590

The long leasehold was a property in Worthing which was sold in October 2023.

20 Investment property - Group and Company as at 1 September 2023 Additions Disposals Gain on fair value adjustment Net book value as at 31 August 2024 Historic cost/probate value	Investment properties £000 2,525 -- -- 225 2,750 3,506

The investment property is a 50% share in a property left to the Community by way of legacy in 2015. The property is currently held in a bare trust on behalf of the charity and another beneficiary. The trustees of the bare trust being Richard Roberts and Mark Jones of Gedye & Sons (Solicitors) Limited.

Page 33

The Community of the Resurrection Notes to the group financial statements

Company Registration No. 247772 Charity Registration No. 232670

for the year ended 31 August 2024

The valuation of the investment property was made by Terence Firrell FRICS Chartered Surveyor on a market valuation basis in accordance with the RICS Appraisal & Valuation Standards.

The probate value (historic cost) of the 50% share in the property was £3,506,250 (2023: £3,506,250).

21 Fixed Asset Investments - Group

Movement in fixed asset investments Market value as at 1 September Additions Disposals Net gain on revaluation Market value as at 31 August Historical cost/probate valuation Comprised of: Listed Equities Listed Fixed interest securities Cash held within the investment portfolio	2024 2023 £000 £000 5,703 6,068 272 479 (329) (714) 472 (129) 6,118 5,704 4,488 4,542 2024 2023 £000 £000 4,066 3,817 1,927 1,764 125 123 6,118 5,704 2024 2023 £000 £000 5,740 5,953 272 475 (329) (601) 489 (87) 6,172 5,740 4,488 4,542 2024 2023 £000 £000 4,066 3,817 1,927 1,764 125 123 54 36 6,172 5,740
Fixed Asset Investments - Company Movement in fixed asset investments Market value as at 1 September Additions to investments at cost Disposals at carrying value Net (loss)/gain on revaluation Market value as at 31 August Historical cost Comprised of: Listed Equities Listed Fixed interest securities Cash held within the investment portfolio Equity in trading subsidiary

All investments are managed and controlled in the United Kingdom.

Page 34

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

22 Debtors Trade debtors Legacies notified but not yet received Gift Aid claims made but not yet received Prepayments Cash held by custodian trustees Owed by subsidiary company	Group Company Total Total Total Total 2024 2023 2024 2023 £000 £000 £000 £000 40 33 9 15 106 46 106 46 -- 10 -- 10 7 31 7 31 15 34 15 34 -- -- 8 16 168 154 145 152

23 Creditors: Amounts falling due within one year note Trade creditors Taxation and social security Deposits for weddings Accruals and deferred income Other creditors	Total Total Total Total 2024 2023 2024 2023 £000 £000 £000 £000 78 104 27 84 22 19 9 8 15 14 -- -- 26 47 25 46 6 9 6 9 147 193 67 147 Group Company

24 Provisions for liabilities

As detailed in notes 2.18 and 18 the Charity operates a discretionary pension for certain past employees. The trustees have made an estimate in respect of the potential liabilities arising from this scheme.

Group and Company	At 31 At 31
Provision for discretionary pensions	August payable provision August 2023 in the year adjustment 2024 £000 £000 £000 £000 137 (10) 3 130

The estimated provision assumes an increase in payments in line with an RPI forecast of 3.6%, together with a pension discount rate of 0% and an expected payment period of 20 years from 1 September 2015. These assumptions are reviewed annually.

Page 35

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

• 25 Analysis of charitable funds - Group

UNRESTRICTED FUNDS - GROUP

General funds: Joint fund College fund General fund Designated funds: Property (Buildings) Frere Fund Thorn Bequest Unrestricted Funds	At 31 At 31 August Other August 2023 Income Expenditure Gains Transfers 2024 £000 £000 £000 £000 £000 £000 5,293 379 (78) 481 (48) 6,027 3 478 (364) -- (97) 20 200 734 (1,183) -- 449 200 5,496 1,591 (1,625) 481 304 6,247 5,775 136 (86) 225 (303) 5,747 1,495 8 (84) 21 -- 1,440 50 2 -- 3 (1) 54 7,320 146 (170) 249 (304) 7,241 12,816 1,737 (1,795) 730 -- 13,488

RESTRICTED FUNDS - GROUP

Goodman fund Zimbabwe fund Church Appeal CR Future fund Artists in Residence Chichester Library Bilson Refurbishment Streaming & Art Merton Society Companions of St.Bene Prospective Ordinands	At 31 At 31 August Other August 2023 Income Expenditure Gains Transfers 2024 £000 £000 £000 £000 £000 £000 13 2 -- -- -- 15 7 7 (5) -- -- 9 34 5 (16) -- -- 23 515 26 (5) -- -- 536 4 -- -- -- -- 4 6 -- (4) -- -- 2 1 6 (7) -- -- -- -- 3 (3) -- -- -- -- 1 (1) -- -- -- -- 5 (5) -- -- -- -- 3 (2) -- -- 1
Restricted Funds	580 58 (48) -- -- 590
ENDOWMENT FUNDS - Goodman Bequest	GROUP At 31 At 31 August Other August 2023 Income Expenditure Gains Transfers 2024 £000 £000 £000 £000 £000 £000 42 -- -- 5 -- 47
TOTAL FUNDS:	13,438 1,795 (1,843) 735 -- 14,125

Page 36

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

26 Analysis of charitable funds - Company

UNRESTRICTED FUNDS - COMPANY

	as at 31					As at 31
	August			Other		August
	2023	Income	Expenditure	Gains	Transfers	2024
	£000	£000	£000	£000	£000	£000
General funds:
Joint fund	5,293	309	(23)	499	(49)	6,029
General fund	200	945	(1,298)	--	353	200
Designated funds: Property (Buildings) Frere Fund Thorn Bequest	5,493 5,775 1,495 50	1,254 136 8 2	(1,321) (86) (84) --	499 225 21 3	304 (303) -- (1)	6,229 5,747 1,440 54
Unrestricted Funds	7,320 12,813	146 1,400	(170) (1,491)	249 748	(304) --	7,241 13,470
RESTRICTED RESERVES - COMPANY At 31 August 2023 £000 Goodman fund 13 Zimbabwe fund 7 Church Appeal 34 CR Future fund 515 Artists in Residence 4 Chichester Library 6 Bilson Refurbishment 1 Streaming & Art -- Merton Society -- Companions of St.Benedict		Income £000 2 7 5 26 -- -- 6 3 1 5	Expenditure £000 -- (5) (16) (5) -- (4) (7) (3) (1) (5)	Other Gains £000 -- -- -- -- -- -- -- -- -- --	Transfers £000 -- -- -- -- -- -- -- -- -- --	At 31 August 2024 £000 15 9 23 536 4 2 -- -- -- --
Restricted Funds	580	55	(46)	--	--	589
ENDOWMENT FUNDS - COMPANY At 31 August 2023 £000 Goodman Bequest 42		Income £000 --	Expenditure £000 --	Other Gains £000 5	Transfers £000 --	At 31 August 2024 £000 47
TOTAL FUNDS:	13,435	1,455	(1,537)	753	--	14,106

Page 37

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

Movements on charitable funds - Group - PREVIOUS YEAR

General Funds College Fund Designated Funds Unrestricted Funds Restricted Funds Endowment Funds	At 31 Other At 31 August Gains August 2022 Income Expenditure /(Losses) Transfers 2023 £000 £000 £000 £000 £000 £000 6,063 1,003 (1,546) (204) 177 5,493 141 375 (332) (4) (177) 3 8,575 11 (113) (1,153) -- 7,320 14,779 1,389 (1,991) (1,361) -- 12,816 655 41 (116) -- -- 580 44 -- -- (2) -- 42 15,478 1,430 (2,107) (1,363) -- 13,438

Movements on charitable funds - Company - PREVIOUS YEAR

General Funds Designated Funds Unrestricted Funds Restricted Funds Endowment Funds	At 31 Other At 31 August Gains August 2022 Income Expenditure /(Losses) Transfers 2023 £000 £000 £000 £000 £000 £000 6,064 1,150 (1,549) (172) -- 5,493 8,575 11 (113) (1,153) -- 7,320 14,639 1,161 (1,662) (1,325) -- 12,813 655 41 (116) -- -- 580 44 -- -- (2) -- 42 15,338 1,202 (1,778) (1,327) -- 13,435

27 Description of funds:

UNRESTRICTED FUNDS

1. The Joint Fund

The Joint Fund is the principal fund of the Community. The income produced by the fund is used for the work of the Community and for capital projects.

2. The College Fund

This fund is the general fund of The Frere Educational Trust subsidiary charitable company.

3. The General Fund

This fund is for the day-to-day income and expenditure of the Community.

The charity has a policy of transferring funds from the Joint Fund such that the General Fund has a balance of £200,000 at the beginning of each financial year.

DESIGNATED FUNDS:

4. The Property (Buildings) Fund

This fund represents the unrestricted land and buildings held on an ongoing basis.

5. The Frere Fund

This fund comprises the present assets formerly owned by The Frere Educational Trust.

The purpose of this designated fund is to support the educational work sponsored by the Community and especially theological education and ministerial formation at the College of the Resurrection.

Page 38

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

6. The Thorn Bequest Fund

This fund has been designated for mission work in South Africa.

RESTRICTED FUNDS

7. The Archdeacon Goodman Fund

The object of the fund is the advancement of the Christian faith and the advancement of health by supporting or assisting in the support of Christian medical missionary work in such a manner as the trustees may from time to time decide.

8. Zimbabwe Fund

This fund is to support the Community's and other groups' works in Zimbabwe.

9. The Church Appeal Fund

This fund is to raise funds for the refurbishment of the Church of the Resurrection in Mirfield.

10. The CR Future Fund

This fund is to raise funds to support the future of the Community and its works, in particular making improvements, additions and alterations to the House of the Resurrection, and as necessary to this purpose, other areas of the Mirfield site. The aim is to renew this place of hospitality, prayer and learning as a resource for Church and society in a turbulent and changing world. The remodelling of the House will be designed to allow flexible use of space, both to meet the physical and the spiritual needs of those who come, and to foster the common life of the Community.

11. The Artists in Residence Fund

The purpose of this fund is to assist artists to do work at the Community and for exhibitions.

12. Chichester Theological Trust

This fund relates to a grant received from The Chichester Theological Trust for the purpose of funding towards the cataloguing, barcoding and auditing our heritage library collection

13. Bilson Refurbishment Fund

An appeal was launched raising donations for the refurbishment of the Bilson building and lecture theatres.

14. Streaming and Artwork Fund

An appeal to raise donations towards the equipment needed to better stream services and for artworks in the Church of the Resurrection.

15. The Thomas Merton Society

A grant from the Society for the maintenance of the Thomas Merton library collection.

16. Prospective Ordinands Fund

A restricted fund of The Frere Educational Trust to offer support to potential students exploring Christian vocation and theological education.

PERMANENT ENDOWMENT

The Goodman Bequest Fund

This is a permanent endowment as part of the Archdeacon Goodman bequest, the objects are as for the Archdeacon Goodman Fund above. The capital of the fund cannot be expended, the income from the capital is paid to the Archdeacon Goodman Fund and can be expended in accordance with the objects.

Page 39

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

28 Analysis of net assets between funds - Group

Tangible fixed assets Investment properties Investments Current assets Current liabilities Provisions for liabilities	General Designated Restricted Endowment Funds Funds Funds Funds Total
	£000 £000 £000 £000 £000
	119 4,185 -- -- 4,304 -- 2,750 -- -- 2,750 5,750 314 7 47 6,118 652 (6) 587 -- 1,233 (143) -- (3) -- (146) (130) -- -- -- (130) 6,248 7,243 591 47 14,129

Analysis of net assets between funds - Company

	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£000	£000	£000	£000	£000
Tangible fixed assets	119	4,185	--	--	4,304
Investment properties	--	2,750	--	--	2,750
Investments	5,805	313	7	47	6,172
Current assets	498	(5)	586	--	1,079
Current liabilities	(63)	--	(3)	--	(66)
Provisions for liabilities	(130)	--	--	--	(130)
	6,229	7,243	590	47	14,109
Analysis of net assets between funds - Group - PREVIOUS YEAR
	General	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£000	£000	£000	£000	£000
Tangible fixed assets	139	4,451	--	--	4,590
Investment properties	--	2,525	--	--	2,525
Investments	5,298	357	7	42	5,704
Current assets	388	(12)	573	--	949
Current liabilities	(192)	(1)	--	--	(193)
Provisions for liabilities	(137)	--	--	--	(137)
	5,496	7,320	580	42	13,438

Analysis of net assets between funds - Company - PREVIOUS YEAR

Tangible fixed assets Investment properties Investments Current assets Current liabilities Provisions for liabilities	General Designated Restricted Endowment Funds Funds Funds Funds Total
	£000 £000 £000 £000 £000
	139 4,451 -- -- 4,590 -- 2,525 -- -- 2,525 5,334 357 7 42 5,740 303 (12) 573 -- 864 (146) (1) -- -- (147) (137) -- -- -- (137) 5,493 7,320 580 42 13,435

Page 40

The Community of the Resurrection Notes to the group financial statements for the year ended 31 August 2024

Company Registration No. 247772 Charity Registration No. 232670

29 Lessee

At the reporting date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

not later than 1 year later than 1 year and not later than 5 years later than 5 years Total:	Total Total 2024 2023 £000 £000 6 6 2 8 -- -- 8 14 Group	Total Total 2024 2023 £000 £000 4 4 2 5 -- -- 6 9 Company

30 Related party transactions

Trustees

Fr. George Paul Alfred Guiver is a trustee of Tariro Hope For Youth In Zimbabwe to whom grants were made in the year totalling £4,594 (2023: £8,016).

Br. Philip David John Nichols is a trustee of The Pathfinder Fellowship to whom a grant was made of £1,000 in the prior year.

The trustees of the charity are all members of the Community and as such have their welfare funded by the charity. Any capital which the brethren possess is managed by the Community and any income generated by this capital is given to the Community and included within the General Fund, which is an unrestricted fund. State and clergy pensions to which the brethren are entitled are also given to the Community and included within the General Fund. Income received from the brethren is identified separately within voluntary income.

The charity has taken advantage of the exemption, under Financial Reporting Standard 102 not to disclose services provided on a voluntary basis by trustees; contracts of employment between the charity and its employees; and repayment of any out-of-pocket expenses where the trustees or key management have acted as agent for the charity.

Details of key management personnel compensation can be found in note 17 above.

The Frere Educational Trust

The Community is the only member of The Frere Educational Trust, a charitable company limited by guarantee having no share capital. As well as being trustees of The Community of the Resurrection, Fr. Oswin Philip Gartside and Fr. George Paul Alfred Guiver serve as trustees of The Frere Educational Trust.

Some of the brethren of the Community are involved in teaching activities at the College of the Resurrection, which is operated by The Frere Educational Trust, for which they receive no remuneration.

In his capacity as Principal of the College of the Resurrection, Bishop Mark Sowerby is on the trustee board of Yorkshire Theological Education Partnership (YTEP), included in costs of operating the College of the Resurrection (note 11) are accreditation and fees of £10,138 (2023: £12,353) paid to YTEP for the administration of Common Awards.

31 Auditors' ethical standards

In common with many organisations of our size and nature we use our auditors to prepare and submit returns to Companies House and the Charity Commission and assist with preparation of the financial statements and deal with the tax authorities.

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