RHnsoffl
THE GUILD OF OUR LADY OF RANSOM
Registered Charity No. 232716
FINANCIAL STATEMENTS
For the year ended
st
31 December 2024

THE GUILD OF OUR LADY OF RANSOM
FIYJ AYJ CIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
COIYTENTS
PAGE
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Auditors, Report to the Trustees
Statement of Financial Activities
io
Balance Sheet
li
Statement of Cash Flows
12
Notes to the Financial Statements
13-18

YEAR ENDED 31 DECEMBER 2024
TRUSTEES? ANNUAL REPORT
The Trustees present their report for the year ended 31st Dec¢mb¢r 2024.
The financial statements have been drawn up in accordance with the accounting policies set out in note I to
the finan¢id ststements comply with the charity's constitutioo the Charilies Act 2011, as amended by
the Charities A¢t 2022, and A¢counling and Reporting by Charities.. Sialement of Recommended Practice
applicable to charities preparing their financial statements in acci>rdance with the Financial Reporting
Standard 102 (effeetive l January 2015).
OWECTIVES
Th¢ Cvuild was founded in 1887 by Father Philip Fl¢t¢her MA, KCHS and Lister Drummond QC, KSG with
the aims of providing support for Roman Catholic parishes in England and Wales.
The specific aims and objectives of the Guild are (a) the conversion of England and W81es in genernl, and of
individuals in particular (b) the return of the lapsed and {c} the forgotten dead, who, through the Reformation,
or lo being isolated converts, or other causes, are without spe¢ial Masses and prnyers for the repose of iheir
souls.
The aims and objectives of the Guild for the year Éncluded the raising of money. primarily achieved by
investing activities, and the making of grants.
PUBLIC BENEFIT
The Trustees confirm that they have followed the Charity Commission's guidance on Public Benefit. They
hav¢ adhered to the requiretnents of Section 4 of the Charities Act 2011, easuring th￿ the Guild's aims,
a¢tivili¢s, and achievements effectively support its beneficiaries and contribute to the public good.
The Guild fulfils this requirement in that it provid¢s grants as un¢ollditional gifts to the poorest parishes
under the jurisdiction of the Catholic Bishops Conference of England and Wales.
They provide for the rnaintenance and repair of churches ond chapels ￿ places of worship of the Almighty
God and the provision of stipends or incom¢ for the clergy officiating at them. Ther¢ is a further public
benefit in that so many of the poor parishes r¢¢¢iving grants from the Guild have few other sources of
financial supp)rt while the facilities provided by thcse grants are used for cornmunity and social purposes as
well as for the public worship of the Almighty God. Grants are also given to Catholic Charities that support
the work for the New Evangeltsation in line with the Guild's objectives in promoting the Catholic faith.
The Trustees are satisfied thatthe benefits provided are directly related lo the charity's aitns, and they confimi
that the opportunity to benefit is restricted solely by the availability of funds. They further confirn) that those
in povcrty are not excluded, that benefits provided outweigh any detrimenL and thatthe charity's beneficiaries
are entirely appropriate to its aims. Finally, whilst the Trustees are unaware of any private benefit gaine
they confirni thaL were such to occur, it would be purely incidentsl.
ACTivrriES
The primary activity of the Guild is in the making of grants lo the poorest parishes, which enable them to
sustain their work in the pastoraI care of the Catholic and wider community and the promotion of the Catholic
faith.
Grants are also awarded to Catholic charities within the jurisdiction of the Catholic Bishops Conference of
Engliind and Wales. These charities will be working with young people via University Chaplaincies? groups
supporting young people in the development of their Catholic faith. and groups that work to promote the
Catholic Faith to the general public.

THE GUILD OF OUR LADY OF RANSOM
YEAR ENDED 31 DECEMBER 2024
TRUSTEES* ANNUAL REPORT {eontinuedJ
In 2022, anew Dicastery for Evangeli5ation was created by order of Pope Fran¢is to encourage the Catholic
Church in its work of evaEEgelisation. The Guild of Our Lady of Ransom (the 'Thiild') is positioned to
support ihe Catholic Church in England and Wales by distributing grants to financially cha]lenged Catholic
parishes and charities acting in the work of evangelisation. The Guild enables Its mission of support further
by partnering with ccrtain Charities for specific projects related io evangelisation in England & Wales.
Peter's House Ltd acts as a project manager for the Guill &ssisling the Master of the Guild in the day-tO-
day adtninistration. communications, strategie developm¢nt, and marketing. The Master of the Guild also
promotes the work of the Guild across the country in speaking arrangements and in-service trdining in
evangelisation for both priests and laity.
The principal work consists in the awarding of grants and other initiatives to enable the Church to spread
the Good News of Jesus Christ through parish¢s. Some of the main activities are lisl¢d below:
Ransom Grants (The Poor Parish Grants}
Grants to parishes. known as 'Rynsom Grants,, are applied for by the parish delegate. This
assistance not only enables the Guild to foster the growth of the Catholic faith in parishes but also
fosters connections with local communities, aiding in understollding Iheir needs and sharing their
stories for inspiration.
2. Dowry Grants
The Guild also awards several grants to Charities who embra¢¢ the objective of Catholic
evangelisation and fall within the jurisdiction of the Catholic Bishops Confcrence of England and
Wales. These include the Bcda College in Rome, the Choir School of Westrninster Cathedral, the
Fftlkland's Islands Protectorate, the Catholic English Nationa] Shrine of Ow Lady of Wa]singl]am
and the Welsh National Shrine of Our Lady of the Taper in Cardigan.
The category aiso includes several specific initiatives aimed at re*vangelizing Britain. such as
supporting the work of the Catholic Stsdent N¢twork, an organisation promoting evangelization
among young students.
3. Tbe Dowry lllitiative
This is the ierm we use to describe Guild managed projects which support the raising up of new
leaders in the Catholic Chur¢h of England & Wales by encouraging and resourcing them. Often,
these projects are coordinated alongside other organisations who help the Guild to facilitat¢ events,
connect with individuals. and profftote the work of the Guild.
4. Tbe R8nson)er
Digital and printed media produced for the members of the Guild of Our Lady of Ransom is
disseminated under the natne 'The Ransomer,, either throu￿ the monthly email bulletin or the
annual publication. Through this expanding platfoml, the Guild aims to showc8s¢ the vitality of the
Church and its cvangelizing efforts, alongsid¢ offeTiRg insightful reflections OR current affairs.
ACHIEVEMENfs AND PERFORMANCE
The Executive Council 15 responsible for the governance of the charitabl¢ and fundraising activities of the
Guild. As in previous ye￿s, funds raised thmugh investing and other a¢livities have been distributed at the
Council's discretion.
The Guild's financial support primarily comes from donations, legacies, and inveskn¢nt incoffte. In 2024, the
total income reached £449,017, an increase from £402,335 in the previous year. This growth was driven by
a higher number of legacies and increased dividends from the investment portfolio.

THE GUILD OF OUR LADY OF RANSOM
ITAR ENDED 31 DECEMBER 2024
TRUSTEES> ANNUAL REPORT {continAe
The Trustees consider thatthere are no Mat￿la1 uncertainties about the Tn￿t'S ability to continue as a going
concern.
INVESTMENT POLICY AND PERFORMANC
The investmenl portfolio is managed by Cazenove Capita] Management with the investment objective to
generate a steady income stream for the chariry, whilst achieving long-term capital groll¢h. Although
Cazenove Capital Management holds discr¢lionary authority over the portfolio, inv¢stm¢nl decisions are
typically deliberated and approved by the InveslTnent Committee during meetings.
During the fllwicial year, the clwity's inv¢slm¢nt portfolio delivered net investment income of £338.009
(2023.. £319,717}, a 5.70/0 increase over the previous period, while achieving net capital gains of £318,112
(2013: £69.688). The trustees are satisfied with its perfornjance, which has ben¢fit¢d froJn an improving
market environtnent after a period of volatility and the strategic allocation of assets, ensuring robust returns
and 8JigDing with the chaTity's long-temj financial goals.
RISK LWIAGEMENT
The principal risks faced by the Guild lie in th¢ perforniance of investments and operational risks from
ineffective grant tnaking and the capacity of th¢ Guild to make effective wits. The variability of investment
returns is mitigated by the retention of expert investmenl Jnanagers and having a diversified investment
portfolio. As regards grallt makingthe Trustees review the payment of these annually and reports are received
from parishes on how the ￿antS have been utilised.
RESERVES POLICY
Since 1972, the Guild has consistently implemented a policy of accumulating and maintaining a suitabl¢
level of reserves to ensure the payment of grants. enabling it to carry Out its charitable activities effectively
and for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Guild is governed by a written Constitution. revised 20th June 2012, and is a Registered Charity
Number: 232716 under the category 'RelIgio￿ activiti¢s' with the aims of providing support for Roman
Catholic parishes in England and Wales.
The governance of the Guild is vested in ￿ Exe¢utive Council {'Tn￿teeS,}. they have power to regulate
th¢ work and scope of the Guild's activities in such a manner as they may deem expedietLL
The Trustees responsible for the governance of the charitable and fundraising activities of the Guild and
are presided ov¢r by the Nlaster. Monsigllor John Arniitage. They meet regularly to dis¢uss and review the
Guild's affairs.
During the year the Master incurredlrefunded no expenses on behalf of the charity {2023- none), whtle the
Guild spent £5,991 on the upkeep of the Master (2023- £5,487). Details are given in note 16. No other
Trustees r¢¢¢ived any retnuneration or had any expense5 reimbursed by the Tritst during the year. New
Trustees may be appointed by the Executive Council to fill a vacancy but can otherwise be elected at the
Annual Meeting of the Guild.
New Tn2stees are invit¢d lo join the Executive Coun¢il tf they are deemed to possess the prerequisite
abilities to discharg¢ their duties as Trustees effectively and invarkably have a sound knowledge of the
objectives of th¢ Guild. Training is by way of indu¢lion into the regul￿ m¢¢tings of the Executive Council.

THE GUILD OF OUR LADY OF RANSOM
YEAR ENDED 31 DEcEI￿BER 2024
TRUSTEES? ANNUAL REPORT (corttlnued)
REFERENCE Af4D ADI￿NISTRATIvE DETAILS
The principal office is located at 79a Barking Rd, London E16 4HB.
Th¢ names of all those who were the ch￿ity'S Trustees at th¢ date thc report was approved or who served in
the Executive Council as Trustees in the reporting period were as follows:
Chairman of the Executive Council and Master- Monsignor John Amiilage
(to whom day to day manag¢m¢nt and administration is delegated)
Honorary Tre￿urer.' Mr Gregory Wheatley FCA
Honorary SecTetary'. Dr Peter Ryden MA
Other Trustees..
Fr Paschal Uche (appointed on 15 June 2024)
Fr Patrick van der Vorst (appointed on 10 September 2024)
MT5 Vanessa Donegan MA
Mr Aidan Christie QC
Ms Eileen Cole MCIPR
Persons providing services and advice:
Investment Advisors and Brokers: Catrnove Capital Managem¢nt
Bankers.. HSBC Bank UK PI¢
Solicitors.. Hunters Law
Auditors: Alan Patient & Co Limited
Accountants: Mainsail Accounting atid Consulting Limited
Title to the freehold property owned by the Guild is held in the name of the olfici￿ Custodian for
Charities.

THE GUILD OF OUR LADY OF RANSOM
YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES, RESPONSIBILrriEs
The charity's Trustees are responsible for preparing the Report of the Trustees of the Guild and the
financial statements in accordance with applicable law and United Kingdom A¢¢ounting Standards (United
Kingdom Generally Accepted Accounting Practiee}. The law applicable to charities in England and Wales
requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resour¢es of the
¢harily for that period. In preparing these financial statements, the Trustees are required to..
Sel￿t suitabl¢ accounting policies and then apply them consistentlyy
observe the methods and principles in the Charities SORP;
make judgements and estimate5 that are reasonable and prudent;
state whether applicable a¢¢ounting Stand￿dS have been followe￿ subjecl to any material departures
disclosed and explained ID lh¢ finÈmcial ststetnenÉs,'
prepare the fLnanciai statements on the going ¢on¢ern basis unles5 It is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keeping propel accounting records that are sufficient to show and explain
the Charity's transaclions and disclose with reasonable accuracy at any time the financial position of the
charity and enable them to ensure that the financial statements ¢omply with the Charities Act 2011, as
amended by th¢ Charities Act 2022, the applicable Charities {Accounts and Reports) Regulations and the
provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence
for taking re￿Onable sleps for th¢ prevention and detection of fraud and other irregularities.
The Trustees responsible for the maintsnance and int¢grity of the charity and the financial information
in¢luded on the Ch￿Ity'S websit¢. Legislation tn the United Kingdom governing the prepatation and
dissemination of fllwiciai stat¢ments may differ from legalisation in other jurisdi¢tions.
Signed on beh￿f of the Trustees on 23 April 2025
Monsignor John Arniitage

INDEPENDENT AUDrroR'S REPORT TO TRUSTEES
OF THE CUtLD OF OUR LADY OF RANSOM
YEAR ENDED 31 DECEMBER 2024
Opinion
We have audit¢d th¢ f￿anCial slat¢ments of The Guild of Our Lady of Ransom ('the charity,) for the year
ended 31, December 2024 which comprise the Statement of Financial Activities, the Balance Shee¢ the
Staternent of Cash Flows and related notes, including a sUll￿ary of significant a¢¢ounling policies. The
financia] reporting fratnework that has been applied in their preparation is appli¢able law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republi¢ of Ireland (United Kingdom Generally Accepted Accounting
Pra¢tic¢).
In our opinion, the financial 5tstcments-
give a true and fair view of the state of the clwity's affairs as at 31° December 2024 and of its
incoming resources and application of resources for the year then ended.
have b¢¢n properly prepared in accordance with United Kingdom Generally A¢ccpted Accounting
Pra¢tiec,' and
have been prepared in accordance with the requirements of the Charities Act 2011, &s amended by
the Chariti&8 Act 2022.
Basisfor opinion
We conducted our audit in accordan¢e with Intemational Standards on Auditing (UKI OSAS (UK)) and
applicable Saw. Our responsibilities und¢r those siandards further described in the Auditor's
responsibilities for ihg audit of ihefinancial stalepnenls section of our report. W¢ gr¢ independenl of the
charity 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 we have fulfilled our oth¢r ethical responsibilities in
accordance with these requirements. We believe that the audit evidenc¢ we have obtained is sufficient and
appropriat¢ to provide a basis for our opinion.
Conclusions retaiing logoing concern
In auditing the financial stsl¢m¢nts. we have concluded that the tr￿, use of the going concern basis of
a¢¢ounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomJ¢d, wc have not identified any material uncertainties relating lo events
or conditions that, individually or collectively, may c&st significant doubt on the clwity's ability to continue
as a going concern for a period of at least twelve month5 from when the financial slalements are authorised
for issue.
Our responsibilities and the resp)nsibilities of the directors with respect to going concern are described in
the relevant s¢¢tions of th[5 report.
Oiher informaliDn
The other inforniatioJ) comprises the infomiation includ¢d in thc a[￿Ual report, includingthe Trustees. report.
other than the fiTkanciaL statements and our auditor's reportthereon. The Trustees are responsible forthe other
infomation. Our opinion on the financial stat¢ments doe5 not cover the other information and. except to the
extent othenvise explicitly stated in our report, we do not expre￿ any fornj of assurance conclusion ther¢on.
In connection with our audit of the F￿8￿￿01a1 statements, our responsibility is to read the other inforniation
and. in doing so, consider whether the other inforniation is materially inconsistent with the financial
statements or our knowl¢dg¢ obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to detem)ine
whether there is a material misstatement in the finim¢ial slalements or a material misslatetnent of the oth¢r
infonnation. If, b&sed on the work we have perforn)ed, we conclude that there is a material misstatement of
this other inforniation, we ttre requir¢d to report that fact.
We have nothing to report in this regard.

Ir4DEPENDENT AUDITORYS REPORT TO THE TRUSTEES
OF THE GUILD OF OUR LADY OF RANSOM (coulinued)
YEAR ENDED 31 DECEMBER 2024
Matters on which we are requiredto report by ueeption
In the light of the knowledge and understanding of th¢ charity and its environment obtained in the course of
the audit, we have not identified material misstatements in the Trustees, report.
We have nothing lo report in respect of the following matters in relation to whi¢h the Clwiiies (Accounts
and Reports} Rcgulaiions 2008 require us to report to you if, in our opinion..
adequate and proper accounting r¢¢ords have not bcen kept. or
the finan¢ial statements are not in agreetnent with the accounting records. or
ccrtain disclosures of Trustees, remuneration specifi¢d by law are not made. or
we have nol received all the inforniation and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees. responsibilities styl¢m¢nt set out on page 5, th¢ Trusl¢e5 are
responsibl¢ for the preparation of the financial statements and for IKing satisfied ihat they give atrue and fair
view, and for such internal ¢ontrol as the Trustees detemiine is necessary to enable the preparaiion of
financial statem¢nts that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustecs are responsible for assessing the charity's ability to
continue a5 a going Conce￿ disclosing, as appli¢able, matters related to going concern and using the going
concern basis of accounting unless the Trustces cither intend to liquidat¢ the charity or to cease operations.
or have no realisti¢ alternaiive but to do so.
Auditor's responslbultlesfor the uudit ofthefinancial statements
We ILave been appointed as auditor under Section 144 Charities Act 20118nd report in a¢¢ordance with the
Act and relevant regulations made or having effect thereunder.
Our obj¢¢tives are to obtain reasonable assurdnce about whether the financial slatemenls as a whole are free
from material misstatemen¢ whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assuranc¢, but is not a guarantee that an audit conducted in
ac¢ordance with ISAS (UK) will always detect a material tnisstatement when it exists.
Misslatements can aris¢ from fraud or error and considered material if, individually or in the aggregate,
they could reasonably b¢ ¢xpe¢ted to infiuence the ￿onoMiC decisions of users taken on the basis of these
fIn￿CIal statements.
A further description of our responsibilities forth¢ audit of the financial statem¢nls is located onihe Financlal
Reporting Council's website at.. wwii.fi'c.oi'
-Iiklciuditorsrcs
onsibilities. This d¢scriplion forms part of our
auditor's r¢port.

IP4DEPEIYDENf AUDrroR'S RKPORT TO THE TRUSTEES
OF THE GUILD OF OUR LADY OF RèlNSOM {eontinued)
YEAR ENDED 31 DECEMBER 2024
ExlÉnt to wh4ch the audit considered capable ofdetecling irregularities, includingfr(u4d
Irregularities, includin& fraud }￿e instances of non-compliance with laws and regulations. We identified
and assessed the risks of material misstatements of the financial statements from irregularilics, whcther due
to fraud or error, and discussed these between our audit teatn members. We then designed and perfornied
audit procedures responsive to those risks, including obtaining audit evidence sutYici¢nt and appropriate to
provide a b&sis for our opinion.
We obtained understanding of the legal and regulatory frameworks within which the charity operates.
focusing on those laws and regulations that have a direct effect on the detemination of material amounts and
disclosures in the finaneial statements. The laws and regulations w¢ ¢onsidered in this context were the
Charities Act 2011, as amended by the Charities Act 2022.
We assessed the required compliance with these laws and regulations &8 part of ow audit procedures on the
related financial statements items.
We also considered the opportunities and incentives Ihal may exisl within the charity for fraud.
Auditing slandards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Truste￿ and other management and inspection of rcgulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the finan¢ial statements from irregularities, including
fraud, to be within grant income, grant expenditures and the override of controls by the management. Our
audit procedures to respond to these risks in¢luded enquiries of management, sample testing on th¢ p(>sting
ofjoum21s, reviewing accouniing estimates for biases and reading minutes of meetings of those Charged with
goveman¢e.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected
sotne tnaterial misstatements in the financia] statements, even though we have properly planned and
performed our audit in accordan¢e wiih auditing standards.
In additio￿ as with any audit, ther¢ r¢main¢d a higher risk of non-detection of irregularities, as there may
involve Collusio￿ forgery, intentiona] omissions, Jnisrepresentations, or the override of internal controls. We
are not responsible for preventing non-¢ompli8nce and cannot be expected lo d¢te¢t non-compliance with ail
laws and regulations.

INDEPENDENT AUDITOR'S REPORT TO THE TRusfEES
OF THE GUILD OF OUR LADY OF RANSONA {coNtinued)
YEAR ENDED 31 DECEMBER 2024
Use of our report
This report is made solely to the charity's Trustees, as a body, in accordance with Charities (Accounts and
Reports) Regulations 2008. Our audil work has been undertaken so that we might state to the clwity's
Trustees those matters we are required io state to them in an auditor's rewrt and for no other purpose. To the
fullest extent pern)itted by law, we do not accept or assume responsibility to anyone other than the ¢harily
and the charity's Tn]stees ￿ a body, for our audit worl for this report, or for the opinions w¢ have foTmed.
Alan Patient & Co Limited is eligible for appoinlment as auditor of the charity by virtue of its eligibility
for appoiJrtment as auditor under section 1212 of the Companies Act 2006.
stsp￿Pth
Alan Stephen Patient
(Senior Statutory Auditor)
For and on behalf of
Alan Patient & Co Limited
Statutory Auditor
42 High Street.
Wanstead.
London,
E112RJ
23 April 2025

THE GUILD OF OUR LADY OF RANSOM
STATEMENT OF FINAINCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2024
Unrestricted
Restricted
2024
2023
Note
Jn¢ome and endoJvmeDts
Legacies
64.439
64.439
32,264
Donations
11,164
11,164
18,282
Charitsble activities
7.009
7.009
7,023
Investment income
300,774
383,386
65,631
366,405
449,017
344,766
Totsl income and endowments
65,631
402,335
Expellditure
Expenditure on raising funds
33,873
6,414
40.287
46,677
Expenditure on ¢harilable activities
398,232
398,232
408,586
Olher erpendifyre
R¢tircmcnt benefits
7,333
7,333
7,333
Total expenditure
439,438
6,414
445,852
462,596
Net gains (losses) i)n investments
1,026,008
63,104
1,089,112
69,688
Net income (expenditure)
969,956
122,321
1,092,277
9,427
Transfers betw¢¢n Funds
65,631
(65,631}
Net movemenis in funds
1.035,587
56,690
1,092,277
9,427
Re¢on¢iliation of Funds
Total Funds brought forward
6,930,956
1,609,730
8,540,686
8.531,259
TOTAL FUNDS CARRIED FORWARD
7,966,543
1,666,420
9.632,963
8,540,686
10

THE GUILD OF OUR LADY OF RAIYSOM
BALANCE SHEET
31 DECEMBER 2024
Ullreytricted Restricted
2024
2023
Notr
FIXED ASSETS
Tangible fixed ￿setS
Investment property
Investments
14,OIK
785,000
6,868,325
785,000
8,536,387
li
1,668,062
8.250,681
Total Fixed Assets
7.653.325
1,668.062
9.321,387
8.264.681
CURRENT ASSETS
Loan receivable
Debtors
C&sh at bank
150,1)00
11,359
250,914
412,273
150,000
1,359
250,914
150,000
38,798
131,636
320,434
Totsl current assets
412,273
LIABILITIES
Creditors
(99,055)
(1.642) (100,697)
(44,429)
NET CURRENf ASSETS
313,218
(1,642)
311,576
276,005
NET ASSETS
7,966,543
1,666,420
9,632.963
8,540,686
12
Restricted income funds
1,666,420
1,666,420
1,609,730
Unrestricted income finds..
Designaled
General
170,936
7,795,607
170,936
7,795,607
159,702
6.771.254
TOTAL CHARITY FUNDS
7,966,543
1.666,420
9,632,963
8,540,686
These financiai St￿eMents were approved by the Trustees on 23 April 2025 and signed on their behalf by
Gregory Wheatley FCA

THE GUILD OF OUR LADY OF II4NSOM
STATEMEiYf OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2024
2024
2023
Net cash used in operating activities
(279,533)
(438,123)
Cashflowsfrom Investlng ucllvllles..
Investment income
Proceeds from sale of investtnents
{Increase} Decrease in uninvested cash
Purchase of inveslJnent5
Provision of short-term loans
366,405
691,201
(695)
(658,100)
344,766
694.350
132,723
{795,022)
(150,(MMI)
Net c#$b provlded by Investlng a¢tivltles
398,811
226,817
Change iu cayh ajtd cash eqviv*lent$ ift the y￿￿
119,278
{211,306)
Cash and cash equivalents brought forward
131,636
342,942
Cash *Dd cash equivalents carried forTrvard
250,914
131,636
Reconciliation of net movement in funds to net casb
flow from operating actiiTrtiis
2024
2023
Net movement in funds
Deduct investment income
Deduct ¢apital gains on investments
Decrease (increas¢) in debtors
Incre&￿e {deerease) increase in creditors
1,092,277
(366,405)
(1,089,112)
27,439
56,268
9,427
(344,766)
(69,688)
(32,998)
(98)
Net cash used Én operating aetivities
(279.533)
(438,123)
12

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES
Basis of accounting and asse&8ment of going concern
The finan¢ial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their f￿ancial
statements in accordance with the Financial Reporting Standard 102 (effective l January 2015},
the Charities Act 2011. as aTnended by the Charities Act 2022, and applicable regulations. The Guild
constitutes a public benefit entity as der￿ed by FRS 102.
The financial statements have been prepared under the historical costconvention with items recognised
at cost or transaction value unless othenvise stated in the relevant note(s) to th¢s¢ finan¢ial slalements.
The Tn￿teeS consider that there are no material uneertainties about th¢ Tn￿'S ability to continue &8 a
going concern.
Funds
Restricted funds are funds which are to be used in accordance with specific instructions imposed by
the donor or trust deed. Unrestricted income funds comprise thos¢ funds which the Trustees are free
to use for any purpose in the furtheran¢¢ of the ctwitable obj¢¢ts. Designated funds comprise those
funds which have been set &side by the Tnjstees for a specific purp(Ise. Further details of each fulld
are dssclosed in note 10.
Investment propertÈe$
Properties which are held by the Trust to earn rentals orfor ¢apil81 appreciation, or both, are classified
as investment properties. Investment prop¢rti¢s ar¢ initially recognised at cost, including transaction
¢osts. After initial r¢¢ognition, investment properties are rneasured at fair value. Changes in fayr value
are re¢ognised in the Statement of Financial Activities in the period in which th¢y o¢¢ur.
Depreeiatlon
Depreciation is calculated so as to write off the cost of an asset, less its ￿tiMat¢d residual value. over
the useful C￿￿01￿1¢ life of ihal asset as follows=
Fumiture and equipment, including refurbishment costs- IOO/o siraight line.
lllvestmellt in finon¢i¥l in$trU[ne￿ts
Investments other than investment properties are shown at fair value and include investment cash
held with brokers. The surplus or deficil arising from the revaluation is included in the Statement of
Financial Activities. Investment assets are valu¢d using the accepted market closing pri¢c, or if
unavailable, a quoted or manufactured mid-price
Incoming resources and lega¢ies
Incoming resources are recognised once the ¢harity has entitlement to the resources, it is probable
that the resources will be received, and ihe Tnonetary value can be reliably m¢asur¢d. Lega¢y gifts ￿e
recognised on a case-by-¢ase basis following the grant of probate when the administralor l execulor
for the estate has communicated in writing both the amount and settlement date.
Grants payable
Grants payable are payrnenls to third parties in furtherance of the charitable objects of the Trust.
Grants are recognised when approved by the Trvsiees.
Charitable activities
Costs of Charitable activities include grants made, governance ¢osls and support ¢osts, which include
the audit fees.
13

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DEcEI￿BER 2024
I. ACCOUNTING POLICIES (conlinued)
Retlrement benefits
Rctiretnent benefits Jre expensed when paid (see notes 13 and 14).
2. EXPENDrruRE ON RAISING
FUIIDS
Unrestricted Restrleted
2024
2023
Advertising, printing and postage
Property rental ¢osts
Investment manageTnent costs
1,289
2.966
29,618
1.289
2,966
36,032
915
2,844
42,918
6,414
33,873
6,414
40,287
46.677
3. EXPENDITURE ON CHAIUTABLE
ACTIVITIES
Unrestri¢ted Restricted
2024
2023
Grant5 made (note 4)
Other and genera] expenses
Sponsorship of events
Audit
Upkeep of Master
145,149
209,933
25,639
11,520
5,991
145,149
209,933
25.639
11,520
5.991
222,611
159,477
10,643
10,368
5.487
398.232
398,232
408,586
14

THE GUILD OF OUR LADY OF IL4NSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
4. GRANTS MADE
Ullrestricted Restricted
2024
2023
Rural ][￿er-Clty parishes
FaIklands Prefecture
Art of Dying Well (St Mary's University)
Catholic Studcnl Network
Wa]singhatn T￿￿t
Pontifical Beda College
Westminster Cathedral (music)
Our Lady of the Taper
Saint Margaret Clitherow. York
Sycamore
Radio Maria
New Dawn
Ordinariate of Our Lady of Waisingham
Celebrate Trust
Catholic Voices
Regina Caeli UK
Wrcxham Shrine
Marian Mission
Youth 2000
Rachel's Vinyard
Divine Renovation UK
Other Dowry Grants
57,149
5,000
2,500
2,500
25,000
6,000
9,000
10,000
10,000
10,000
2,500
2.500
57.149
5,000
2,500
2.500
25.000
6,000
9,000
10,0
10,o(x)
10,otJ)
2,500
2,500
83,893
5,000
7,500
9,000,
25,000
6,759
6.909
10,000
10,000
5,000
10,000
5.000
10,000
10,000
5,000
5,000
5,200
3,350
3,000
3.000
145,149
145,149
222,611
5. RETIREMENT BENKFrrs
Unrestri¢ted Restricted
2024
2023
During the year annuities were paid totalling
(see notes 13 and 14)
7,333
7,333
7,333
15

THE GUILD OF OUR LADY OF RANSOM
IYOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
TANGIBLE FIXED ASSETS
Freehold property
(prior to
reclassifJ¢*tion)
Investment
property
Total
COST
Opening
Re¢lassifi¢ation as investment property
Revaluation
14,000
(14.000)
14,0Th)
14,000
771,000
771.1)00
Closing baian¢e
785,000
785,IM)O
DEPRECIATION
Opening balance
Closing balance
NET BOOK VALUE
At 31 De¢¢mber 2024
785,000
785,000
At 31 December 2023
14,000
14,000
During the year, it was determined that the property IIK&ted at 17 Lavington Road is held primarily for
investment purposes. to generate a steady in¢om¢ for the Tru￿ in the forni of rentals. As a resulL this,
property was reclassified as an investment property. At the date of the reclassification, the fair value of the
property was estimated to b¢ £785.000. The revalued ymount reflects the property's CUErent market val
as at 31# December 2024.
7. LOAN RECEIVABLE
2024
2023
Short-lerni loan
150,tMMI
150,000
During the year end 2023, the charity agreed to lend £150,000 to the Walsingham Trust. The applicable
interest rate is 5.5Yo per annum. The loan will be repaid in three instalments of £50,000 each, due in October,
November, and D¢¢¢mber of 2025.
8. DEBTORS
2024
2023
Prepayments
A¢¢rued income
1,934
9,425
5,696
33,102
11,359
38,798
16

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
9. CREDITORS
2024
2023
Accruals
Deferred income
100,489
208
41,540
2.889
100,697
44,429
10. FUNDS
Restricted
The Million Fund was established by trust deed in 1928 to produc¢ in¢ome to finpnce grants.
Unrrstrirtcd- designated
The Beda fund was established to produce income to fllwice grants to th¢ Pontifi¢al Beda College in Rorne.
11. INVESTMENTS
2024
2023
Fair value at sLIrt of year
Additions at cost
Disposals at c￿ryIng value
Incre&se in Ullinvested cash
Fair value gains
Fair value at end of year
Reconciled to historical cost as follows..
Cost of investments at end of year
Fair value surplus
Fair value at end of year
8,250,681
658,100
(691,201)
695
318,112
8,213,044
795,022,
(694,350)
(132.723)
69.688
8,536,387
8,250,681
7,091,915
1,444,472
7,124.321
1,126,360
8.250,681
8,536,387
Investtnents only include financial assets measured at fair value through income and expenditure.
12. Af4ALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible Fiied
Assets Investmellts
Net Current
Assets
Total
Restricted Funds
Unrestricted Funds
1,668,062
6,868,325
{1,642)
313.218
1,666,420
7,966,543
785,000
785,000
8,536,387
311,576
9,632,963
17

THE GUILD OF OUR LADY OF RAIYSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
13. FINAF4CIAL COMMtTMENTS
Th¢ Guild is comrnitted to pay retir¢ment benefits of £7,333 annually for life to & forn)er ¢mployee.
14. CONTINGENT LIABILITY
The Guild has a liability to pay unfunded retirement benefits ￿ explained in note 13 which cannot b¢
reliably quantified and forwhi¢h, accordingly, no provision has iEen made in these financi&l statements.
15. ANALYSIS OF COMPARATIVE AMOUNTS
Unrestrirted
Restricted
2023
ststemeDt of Fin*n¢iil Acllvities:
Leg￿leS
Donations
Income from ¢twilabl¢ activities
Investment income
Expenditure on raising funds
Expenditure on ch￿ilable activities
Retirement benefit5
Net gains (losses) on inv¢stm¢nls
Transfers between Funds
32,264
18,282
7,023
285,141
(38,904}
(408,586}
(7,333)
52,421
76,864
32,264
18,282
7,023
344,766
(46,677)
(408,586)
{7,333)
69,688
59,625
{7,773)
17,267
(76,864)
Net tnovements in funds
Total Funds brought fon¥ard
17,172
6.913,784
(7,745)
1,617,475
9,427
8,531,259
Total funds carried forward
6,930.956
1,609,730
8,540,686
BalaDce Sheet-
Tangiblc assets
Invesltnents
Loan receivable
Debiors
Cash at bank and in hand
Creditors falling due within one year
14,000
6,639,416
150,000
38,798
131,636
{42,894}
14,000
8,250,681
150,000
38,798
131,636
(44,429)
1,611,265
(1.535)
Total net assets
6.930,956
1,609,730
8,540,686
16. RKLATED PARTY TRANSACTIONS
During the year the Master had to meet a number of running costs for the Guild.
Name of Reiat¢d Party
Relxtionsbip
Transa¢tiOD
2024
2024
Mgr. John Arniitage
Master
Upkeep of the Master
5,991
5,487
17. CONTROLLING PARTY
In the opinion of the Trustees there is no overall controlling party.
18