RHnsoffl
THE GUILD OF OUR LADY OF RANSOM
Reostered Charity No. 232716
FINIIIYCIAL STATEMENTS
For the year ended
31, December 2025

THE GUILD OF OUR LADY OF IL4NSOM
FINANCIAL STATEfviENTS
YEAR EfiDED 31 DECEMBER 2025
CONfENTS
PAGE
TnLStees' Annual Report
ststement of T￿￿tee8, Responsibilities
5-6
]ndependent Auditoes Report to the Tr￿￿te¢S
7-10
ststement of Financial Activitie8
li
Balan¢¢ Sheet
12
Statement of Cash Flows
13
Notes to the Financial Statements
14-21

THE GUILD OF OUR LADY OF RANSOM
YEAR ENDED 31 DECEMBER 2025
TRUSTEES? AhryUAL REPORT
The Tn￿te¢S present their report for the yeaT ended 31st December 2025.
The financial Stst¢ll￿nts have been drawn up ill a￿ordanCe with the accounting policies Set out in note I to the
financial stat¢ments and comply with the clwity's Constitutio￿ tIL¢ Cbarities Act 2011, as amellded by th¢
C]]ariti¢s Act 2021 and Accounting and Reporting by Charities.. Ststement of Recommended Pra¢ti¢e
applicable to cl)arities prcparing their financial statements in accorth¢e with the Financial Reporting St8ndaTd
102 (effeclive l January 2015).
OBJECTThTS
The Guild was founded in 1887 by Father Philip Fletcher MA. KCHS and Lister Drummond QC. KSG with the
aims of providing support for Roman Catholic paTishes in England and Wales.
The specific aims and objertives of the Guild are (a) the conversion of Engtand and Wales in 8¢neral. and of
illdividuals in particutar (b) th¢ r¢turn of the lapsed and (c) the forgotten derf who. througb the Reformation, or
to being isolated conver￿ or Ot1￿ caus¢s. are without special Masses al￿ prayers for the repose of their souls.
The aims and objcctives of the Guild for th¢ ycar included the raising of mon￿. primarily achieved by investing
activities. alld the making of grallts.
PUBLIC BENEFrr
The Trustecs confirm that they bave followed the Charity Commission's guidance on Public Benefit. They hav¢
adb¢r¢d to the requirements of S¢ction 4 of the Charities A¢t 2011, ¢nsuring that the Guild's ain)s. activities.
and achievements effectively support its beneficiaries and contiibute to the public good.
The Guild fjjlfils thi8 requirement in that it provides ￿ &8 unconditio1￿ ￿ftS to the POOTe8t p￿lshe3 under
the jurisdiction of the Catholic Bishops Conference of England and Wales.
They provide for the mainknancc and repair of churches alld chapels as places of worship of th¢ ALTx)ighty God
alld the provision of stipends or income for the ¢lerEy officiating at them. There is a fi]rtlk¢r public benefit in
that $0 many of the poor parishe5 receiving grants from the Guild have few other sources of fillollcial support
wbile the facilities provided by these grants are usd for community and social pury>oses &8 well as for t
public worship of the Almighty God. Grants are also given to Catholic Charities that SUPPOrt the work for the
New Ev&ugclisation in lin¢ with thc Guild's obje¢tiv¢s ill projlloling the Catholi¢ Faith.
The Trthqt¢¢s are satisfied that the b¢nefLts provided are directly related to the ch&ritys al￿8, and they confi
that the opportullity to ben¢fit Is restricted solely by th¢ availability of fjjllds. Th¢y further confinn that those in
pov¢ty arc not excluded that benefits provided outweigh any detiiment, and that the clwity's benefieiaTi¢S are
entirely appropriate to its aims. Finally, whilst th¢ Trustees are unaware of any private benefit gaine& they
nfllm thaL were such to occ￿. it would be purely incidental.

I'HE GbryLD OF OUR LADY OF RANSOM
YEAR ENDED 31 DECEMBER 2025
TRUSTEESP ANNUAL REPORT (conlinued)
ACTIVITIES
Th¢ primary activity of th¢ Guild 15 in the making of grants to the poorest parishes, which enable them to
sustain their work in the pastornl care of the Catholi¢ and wider con)￿ty and the promotion of the Catholic
Faith.
Grants are also awarded to CathoIic charities witbin the jutisdiction of the Catholic Bishop8 Collference of
Englalld Wales. These chariti¢s will be working with young p¢opl¢ via University chaplaincies, groups
supportillg young people in the development of thexr Catholi¢ Faith, and groups that work to promote the
Catholic Faitb to the general public.
In 2022, a new Dicastery for Ev￿8¢11$￿tiOll was created by order of Pop¢ Frallci8 to encourage the Catholic
Church in its work of cyangelisation. The Guild of Our Lady of Ransom (the "Guild") is positioned to support
Ihe Catholic Church in England and Wales by distTibuting grants to fiJ)aneially challenged Catholic parishes and
cbarities acting in the WO￿ of evangelisation. The Guild enables its mission of support furtheT by partnering
with certain c]Jariti¢s for spccific projects related to ¢VaDg¢lisatioll in England & Wales. Peter's House Ltd acts
as a project ll￿￿geT for the Guil& assisting the Master of the Guild in tbe day-to-day athinistration,
communications, strategic deveLopmenL alld mark¢ting. The Master of th¢ Guild also Promotrs the work of the
Guild across the country in sp¢aking arr￿g¢ll￿nts and in-service training in ¢vangelisation for both PTiests and
laity.
The prin¢ipal wolk cousists in the awarding of grants and other initiatives to enable the Church to spread the
Good News of Jes￿ Christ througb parishes. Some of the main ￿tivitieS are listed below:
l. Ransom Grallts (The Poor Parlsh GrAnts}
Grants to parishes, known as 'Ransom GTants'. are applied for by the paTish delegdte. This assistance not
only enabl¢s th¢ Guild to foster the gro￿￿ of the Catholic Faith in parishes but also fosters CODne¢tions wtth
local communities. aiding in understallding thcir needs and slwing their $tori¢s for inspit7tion.
2. DoTrvry Crants
The Guild also awards several grants to ¢knti¢s who euthrace the objective of Catholic ¢vangeli8ation and
fall within the jurisdiction of the Catholic Bishops Conference of England and Wdes. Thes¢ include the
B¢Ja Coll¢ge in Rome. the Choir S¢hool of Westminster Cathedral. the FA]klaud'8 Islands Prefecture. the
Catbolic English National Shrine of Our Lady of Walsingbam and tlL¢ W¢lsh National Sbrine of (kn Lady of
the Taper in Cardigaa.
3. The Dowry Inltiatiye
This is the lerni w¢ use to describe Guild managed projects which SUPE￿ the rni8ing up of new leaders in
the Catholic Chureh of England & Wale% by ¢ncouraging and resourcing th¢m. ofte￿ these projects are
coordinated ￿ongsIde other organisations who help the Guild to facilitste evcnts, connect with individuals,
and protwt¢ the work of t￿ Guillt

THE GUILD OF OUR LADY OF IL4NSOM
YEAR EfADED 31 DECEMBER 2025
TRUSTEES, ANNUAL REPORT (eondrtmed)
4. Tbe Ran$om¢r
Digit&i and printed media produced for the members of the Guild of (hr Lady of Bansom is disseminatsd
ulld¢r the name The Razhsomer,, either througb the monthly email bulletin or the annual publication.
Through this ¢xpandillg platform, the Guild aims to thowcase the srytality of th¢ Church alld its ¢vaugeliziDg
efforts. alongside offering insigbtfill reflections on cU￿ent affairs.
5. WeBelieve festival
In 2025, the Guild SllPPOrted the development of th¢ FYeBelieve festival. Building on t￿ Guild.
on]mitment to initiatives aimed at re evangelizing Britain, tbe festival providcs a dynamic and accessible
expressioll of Catholic life. Its four core aims-offering au enty point for seekers. nurtuting vocations.
providing a vibrant experiencc of Catholic community, and fostcting genuine personal
transf0m￿tiOll-refleCt the Guild's longstsnding mission to promote the Catholxc Faith across Englattd and
Wales.
ACHIEVEMENTS AND FINANCIAL REVIEW
The Ex¢¢utive Council is responsibl¢ for the governance of the charitable and fundraising activities of the
Guilit As in previous years. fijnds raised through illvesting and other a¢tivAti¢8 bav¢ been distributed at the
Council's discretion.
The Guild's finwcial support prinwily coll￿$ from donations, legacies, investment incoll￿ and Incom¢ from
¢baritabl¢ activities. Jn 2025. tbe total income reached £622.464. up from £449.017 in the previous year. The
wth was due to higb¢r volulltary income, including larg¢ one-off donations and legacies, alld to the tick
sales and sponsorships for the WeBelievE festival.
The Tn￿1¢¢8 consider that there are no mat¢riai uncertainties about the TNst's ability to continu¢ &$ a 80iug
¢oncern.
INVESTMENf POLICY AND PERFORMANCE
The iJvestment portfolio is managed by Cazenove Capital Mallagement with the investment objcctivc to
g¢u¢rat¢ a steady income stream for the charity, whilst achieving long-ternl capitsl growth. Although Cazenove
Capitsl Management holds diseretiow authority over the portfolko, investlnent a￿lS1onS are typically
deliberated and approved by th¢ Investment Committee dwing meetings.
During the fjnanciai year. the chazity's inveStn￿llt portfolio d¢livered net investment ]nwn￿ of £322,532
(2024.. £338.009), while achieving net capitsl gains of £800,215 (2024.. £318,112). The Trustecs are satisfied
that 2025 delivered aaother strong year for th¢ investment portfolio, building on the robust ￿0￿nance
achieved iti 2024 dcspite periods of volatility in the latter half of th¢ year. This performance ensures robusi
returns and aligns with the charity's long terni financial goals.

THE GUILD OF OUR LAI)Y OF RANSOM
YEAR EfADED 31 DECEMBER 2025
TRUSITES) ANNUAL REPORT {conlinued)
RISK JL4NAGEMENt
The Principal risks faced by the Guild li¢ in the perfornmnce of invesknents and operational risks from
ineff¢¢tive grant n)aking and the capacity of the Guild to n]ak¢ effective grants. Th¢ variability of investment
returns is mitigated by the retention of expert investtn¢nt rnanagers and having a diversified investtnellt
portfolio. As ￿gardS grdnt n)akillg the TnLSt¢¢s r¢view the pa￿t of these mually and reports ar¢ r¢¢¢ived
from parishes on how th¢ grants have been utiliseiL
RESERVES POLICY
Since 1972. the Guild has consistently implemented a policy of accumulating and maintaining a suitsble levcl of
reserves to ensure the payment of grants. ¢nabling it to carry out its charitsble activities effe¢tively and for the
foreseeable futwe.
STRucfuRE. GOVERNANCE AND MANAGEMENT
The Guild is governed by a vnitten Constitution. revAsed 20th Julle 2012. and is a Registered Clwity Nunther:
232716 ULd¢r the category 'Religious artiviti¢s' with the aims of providing support for Romaa Catholi¢
parishes ill England and Walcs.
The goY¢rnance of the Guild is vesteAI in an Executive Council (￿n￿te¢s.?. they have power to r¢gulat¢ the
work and scope of the Guild's activities in such a maDner as they may deem expedient.
The Trustees are responsible for the gov¢rnance of the charitable and fundraising activities of tlL¢ Guild alld are
pre8ided over by the Master. Monsignor John ATmitage. They meet regularly to dis¢uss and review the Guild's
affairs.
During the year the Master incurredlTefunded no expenses on behalf of the charity (2024.. none), while the Guild
spent £5.487 directly on th¢ upkeep of the Mastu (2024.. £5.991). No other Trustee8 received any remuneration
OT had any expenses reimburscd by the Tn￿t during the year. New ThJst¢¢s may be appointed by the Ex¢¢utive
Council to fill a vacancy but call othenvi8¢ be elected at the Annual M¢¢tillg of the Guild.
New Trustees are invited to join tbe Executive Council if they are deemed to possess the prerequisit¢ abililies to
discharge their dutics as Tn￿te¢S ¢ff¢ctively and invariably have a sound knowledge of the objectiv¢s of th¢
Guild. Training is by way of induction into the regular mcetings of the Exe¢utive Council.
R£FERENCE AND ADMINISTRATIVE DETAILS
The PTincipal office is located at 79a Barking R￿ London E16 4HB.

**THE GUILD OF OUR LADY OF RANSOM** 

## **YEAR ENDED 31 DECEMBER 2025** 

## **TRUSTEES’ ANNUAL REPORT (** _**continued**_ **)** 

The names of all those who were the charity’s Trustees at the date the 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 Armitage (to whom day to day management and administration is delegated) 

Honorary Treasurer: Mr Gregory Wheatley FCA Honorary Secretary: Dr Peter Ryden MA 

Other Trustees: Fr Pascal Uche Fr Patrick van der Vorst Fr Matthew Roche-Saunders (appointed 2 August 2025) Mrs Vanessa Donegan MA Mr Aidan Christie KC Ms Eileen Cole MCIPR 

Persons providing services and advice: Investment Advisors and Brokers: Cazenove Capital Management Bankers: HSBC Bank UK Plc Solicitors: Hunters Law Auditors: Alan Patient & Co Limited Accountants: Mainsail Accounting and Consulting Limited 

Title to the freehold property owned by the Guild is held in the name of the Official Custodian for Charities. 

## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** 

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 Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 resources of the charity for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material 

- departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume 

- that the charity will continue in operation. 

5 



THE GUILD OF OUR LADY OF IL4NSOIM
YEAR ENDED 31 DECEMBER 2025
TRUSTELS, ANNUAL REPORT (continued)
The Ttt￿te¢s are responsible for keeping proper accounting records that are sufficient to show and explain tbc
¢haTity's transactions alld disclose with reasonable a￿UTa¢Y at any tim¢ the financial position of the ch￿lty and
enable them to ensure that the fllwicial statements comply with the Charities Act 2011, as aM¢ll(￿ by the
Charities Act 2022. the applicable CIMrities (Accounts and Reports) Regulations and the provisions of th¢ trust
dee(L They are also responsible for safeguarding th¢ assets of tbe charity and hence for takin8 reasonable step8
for the prevention and det¢ction of fraud and other irr¢gularitie8.
The T￿￿te¢S aT¢ responsible for th¢ maintenance and integrity of the charity and the fijwcial Inforn￿tiOn
included on th¢ charity's websile. Legislation in tbe United Kingdom governing th¢ preparation and
disseminatioll of financial statements may differ from legalisation in other jurisdirtions.
Signed on behalf of the Tn￿tee$ on 13 May 2026
,' ikn AA_4.
Monsignor John ArD)itsge

INDEPENDENf AUDfTOR'S REPORT TO THE TRUSTELS
OF THE GUIIJ) OF OiJR LADY OF RANSOM
YEAR EI¥DED 31 DECEMBER 2025
Opinion
We have audited ¢be financial statements of The Guild of Our Lady of Ransom ('kne charityj for the year
ended 31 De¢¢mber 2025 wbich comprise the Statement of Financial Activities, the Balall¢¢ SheeL th¢
Ststement of Cash Flows and related notes. in¢l(ding a of significant ac¢ounting policies. The
financial reporting framework that has b¢¢D applied in their preparntion is applicable law alld Untted
Kingdom Ac¢ounting Standards, including FinaDcial Reporting Standard 102 The Financial Reporting
Standard applicable in thc UK and Republic of Ireland (United Kingdom Generdlly A¢cWed Accounting
Pr&￿ICe}.
In our opitsio￿ th¢ financial statements..
give a true and fair view of the stat¢ of the charity's affairs as at 318t December 2025 and of its
incoming resour￿ and application of resources for th¢ year th¢n ¢nde￿.
have been pmperly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. (UK GAAP) in¢luding Financial Rep)rtiDg Standards (FRS 102). and
have been Prepared in accordatL¢e with the requirements of the Charities Act 2011. As amended by
the Charities Act 2022.
Basisfor opinw
W¢ 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
responsibilitiesfor the audit of thefinanciol statements section of our report. We are independent of the
charity in a¢cordanc¢ with the ethical requirements that are relcvant to our audit of the fu)ancial statements
in the UK iDcluding the FRC'S Ethical standar￿ and we hAve fulfilled OUT other etbical respoasibtlities in
accordance with these requirements. We b¢]ieve tI￿t the auth"t evid¢nce we have obtsined is sutTici¢llt and
appropriate to provide a basis for our opinion.
Conclusions rethting to going concern
W¢ have notbing to report in respect of the following mattezs itt relation to which tlLe ISAS IUK) requir¢ us
to r¢port to you where:
the Tnjstecs, use of the going concern basis of accouuting in the preparation of th¢ financial
statem¢llts is not appropriate. or
th¢ Trustees have not disclosed in the financial statements any id¢ntified material uucertsinties that
may cast significant doubt about the charity's ability to continue to adopt the going concern basis of
a¢¢ounting for a paiod of al least tw¢lve months from the date when the finaJLcial statements ar¢
authorised for issue.
Other infornailon
The oth¢rinfi)rn]ation comprises the inforniation included in the aDnual report, including the Trustees. r¢potL
otherthan the fiDancial statements and our auditor's report thereon. The Trustee$ are responsibl¢ foTthe oth
]nforn￿tIoJL Our opinion on the financial statements does not cover the other infoTmation and, except to the
ext¢llt otherwise explicitly slated in our retffj ￿ do not expr¢ss any forni of assuranc¢ ¢onclusion thereon.
In connection with our audit of the financial ststements. our responsibility is to read the other infomvdtion
and, in doing so, considcr w￿ther the other infornation is materially i￿cOnsIste￿L with the fit￿￿lla1
statements or our knowledge obtsined in the audit or otherwise appears to be materially misstate¢L If w¢
identify such mat￿72] inconsistencies or apparent matwial misstatements, we are required to deterniine
whether there is a material mis8tat¢ment in the financial statenMIts or a material misstatemetkt of the other
iDfornJation. If. based on the work we have perfornied, we conclude that thett 18 a material misstatement of
this othcr inforntation, we are Tequired to Teport that fact.
We bav¢ tlothing to report in this regard.

INDEPEL￿ENT Ai]DTTOR'S REPORT TO THE IRUSTELS
OF TItK GUIID OF OiJRLADY OF RANSOM (conlinued)
YEAR ENDED 31 DECEMBER 2025
Mattern o* whieh we ore requiredto peportby ￿cePtiOn
In the light of the knowledge and understanding of th¢ clwity and its euvironment obtaiaed in the course of
the audit, we have not identified mthrial misstatements in the Trnstees, r¢porL
We have nothing to report in respect of the following matters in relation to wbi¢h the Clwities (Accounts
and Rwtts) Regu]ations 2008 r¢quire us to report to you if, in our opinio
a satisfactory system of control over transactions has not beejj maintained.
adequate and proper accounttug records have not been kept. or
the fjnancial statements are llot in agreement with the accounting r¢cords' or
¢¢￿ill disclos￿¢8 of Tn￿tees. remuneration specified by law are not made. or
we have not received all th¢ infomation and ¢xplan2tTons we require for our audiL
Responslbilities of Trusts
As explained more fi￿Y the Tr￿￿teeS, responsibilities stat¢ment set out on yage 5 6. the Trustees are
responsible for the preparation of the financial statements and for being satisfied that thcy giv¢ a true and fair
view. and for such illternal control as the Trustees detenjjine is llecessary to enable the prepardtion of
fllwcial stslem¢nts that are free from malerial mi88tatsmen( whether due to fraud OT eIror.
In preparing the fJnanciaL stat¢ments. the TnL8tees are r¢8ponsibl¢ for asse&8ing the charity's abxIity to
Continue 05 a going Conc￿ disclosing, as applicable. matters related to going Concern and using the going
concern basis of accounting unless th¢ TnLSt¢es either intend ts liquidats the ¢haTity or to cease operations,
or have no realisti¢ alternative but to th) so.
A#ditor's respon$ibiliÉiesfor the audti ofthefiftanciol sthtemeAts
We have been appointed as auditor under Section 144 Clwities Act 2011 attd report in a¢cordanc¢ WAth the
Act and relevant regulations made or having effect th¢reunder.
Our objectives are to obia?n reasonable assurance about wheth¢r th¢ fjnancial statements as a whol¢ are free
from mat¢rial misstatemenL whether due to fraud or ern)T. alld to issue an auditor's report that includ¢s our
opinioJL Re&8onable assurance is a bigb level of &%surance but Is not a guarante¢ tbat an audit conducted in
accordance with ISAS (UK) will always detect a matsrial mi&statsment when it exists.
Misstatements can arise from fraud or e￿r and are considered materfftal if. individually or in th¢ aggre8ale.
they could reasonably be expected to infiuence the economic decisions of ￿er8 taken on the basis of t1￿C
fwancial staternents.
A furtherdescrip1ionofourre8poDsibilities forthe auditofthe financiaI statsments is located on the Financial
Rcporting Council's website at.. wwryv.frc.or .uklau
rsre
auditOT'S report.
'ti¢s. This dcscription forn￿ part of our

INDEPETrIDENT AUDrroR'S REPORT TO THE TRUSTEFS
OF THE GUILD OF OiJRLADY OF RANSOM (eontin
YEAR ENDED 31 DECEMBER 2025
Exlentts which the audit Considered ¢ap4ble ofdeledinglrregularili￿, ihdudingframd
Irregul￿1tieS, including, fraud are instances of non4omplian¢e with laws and regulations. We identified and
assessed the risks of malerial n]isstatements of the financial statem¢nts from irregularities. whether due to
fraud or error, and discussed these betw¢¢n our audit team membrfs. We then designed alld perfonn¢d audit
procedures responsiv¢ to tI￿se risks. includmg obtaining audit ¢vidence sufficient and appropriate to provide
basi8 for our opinion.
We obtained 2n understanding of the legal and regulatory fr8meworks within whi¢b the cbaTity operate&
fo¢using on th08c laws and regulatiorL8 that have 8 dir¢¢t effect on th¢ dcternlj￿tio￿ of nut￿1&1 amounts alld
disclosures in the finallcial statements. The laws and Tegulations we considered in tbis context were tbe
Charities Act 2011. &$ amended by the Clwities A¢¢ 2022.
We assessed th¢ required compliance with these laws and regulations as part of our audit proG¢dures on the
related financial statements item8.
We also ¢ODsid¢red the OppOrti￿ltieS and incentives that may exist witbill the ch8Tity for frau(L
Audit?ng standards limit the required audit procedu￿$ to identify non-compliance with these laws attd
regulations to enquiry of the Trustees alld other management and inspection of regulatory alld leg
COTrespondeDce. if any.
W¢ identified the greatest risk of matcrial impact on the financial stat¢ments from iTrgulaTities. iti¢luding
fra￿ to be within ￿1 iticome, grant expenditures and the oveTride of ¢ontrols by the managem¢nt. Our
audit procedures to respond to th¢se risks in¢luded enquiries of management about their id¢JJtification and
assessment of the risks of irregulatiti¢8, sample t¢sting on th¢ posting of journals, r¢viewing accountaug
estimates for bi&ses. substalltive testÈng of key income streall￿ and Te&din8 minutes of meetings of those
charged with governance.
Owing to the inh¢rent limitatiotts of an audiL th¢r¢ is an ￿￿Void&bIe risk that we may not have detrcted
some material n)isstatements in the financial stat¢ments. even though we have prop¢rly planned and
d our audit in accordance with auditing Stand￿as.
In additio￿ as with ally audiL there remained a higher risk of non4ete￿IOll of irregularities, as there may
involve collllsio￿ forg¢ry, intentional omissions, misrepres¢lltations, or tb¢ ove￿ide of internal controls. We
are not responsible for preventing nonrycompliance and w]not be expected to detect non-compliaJce with all
laws and regulatioJ8.

)EPENDENT AUDrroR'S REPORT TO THE TRUSTEES
OF THE GUIII) OF OUR LADY OF RANSOM {conÉinued)
YEAR ENDED 31 DECEMBER 2025
Use ofour report
This re￿rt is made solely to the charity's Trnstees, as a body. in accordance with Charitics (Accounts and
Reports) Re￿atiOlls 2008. Our audit work Iw b¢¢n undertaken so that we might state to the ¢lLaTity's
Trnstees thosc matters we are required to state to them in an auditor's report aDd forno Otherpllry￿se. To the
fidlest extent tkrniitted by law, we do not accept or assume r¢sponsibility to anyone other than the clwity
alld the clwity's Trustees as a body. for our audit worK for this repo¢ or for the opinions we have fomKd.
Alan Patient & Co Limited is eligible for appointment as auditor of the cl)aTtty by virh* of its ¢]igibility
for appointtn¢nt as auditOT under section 1212 of the Ctfympatiies Act 2￿6.
Qi%4epknpthfr
Alan Stephen Pattent
(Senior Statutory Auditor)
For and on beIialf of
Alall Patient & Co Limited
Ststutory Auditor
42 High Stre¢i
Wanstead,
Londo
EII 2RJ
15 May 2026
io

THE GUILD OF OUR LADY OF RANSOM
STATEMENT OF FINANCIAL AcfIviTIES
YEAR ENDED 31 DECEMBER 2025
Unrestricted
Restricted
2025
2024
Not¢
In¢ome and endowin¢nts
Legacies
64,544
64.544
64,439
DoDatioD8
35.858
80.000
115,858
11.164
Cl)aritsble activiti¢s
89,378
89.378
7,009
tllVCStment in¢ome
290.107
62.577
352,684
366.405
Total Income and elldowments
479,887
142.577
622.464
449,017
Expendlture
Expenditure on raising fijllds
43.713
6.821
50,534
52,093
Expenditure on clwitabl¢ actiTrities
539,496
539.496
386.426
Other dypenditure
RetiT¢m¢nt bellefits
7,333
7,333
7.333
Total expellditsre
590,542
6,821
597.363
445,852
Net gains on investments
642.974
157241
800.215
1,089,112
Net incon
532,319
292.997
825.316
E.092,277
Trdnsfer betw¢ell Funds
142.577
(142.577)
Net nx)vements in Funds
674.896
150.420
825,316
1.092277
Reconcll14tAon of Funds
Totsl Funds brougbt fon¥ard
7,966,543
1,666,420
9.632.963
8.540.686
Total Funds ¢arried fonvard
8.641.439
1.816.840
10.458,279
9,632,963
li

THE GifILD OF OUR LADY OF IL4NSOM
BALANCE SHEET
YEAR ENDED 31 DECEMBER 2025
Unrestrlcted
Restricted
2025
Note
Flxed Assets
Inv¢slll￿t pmp¢ty
InveStn￿ts
785,000
7,563,952
785,000
9.382.652
785,000
8,536,387
13
1.818.700
Totsl Fixed Assets
8,348.952
1,818.700
10,167,652
9.321.387
Current Assets
Loan receivable
Debtors
Cash at ballk
loo.￿0
24,438
286.978
loo,000
24,438
286,978
150.000
11,359
250,914
io
Total Current Ass¢ts
411,416
411.416
412,273
Llabllltles
Creditors
li
{118.929)
(1,860)
(120,789)
(100,697)
Net Current A55et5
292.487
(1.860)
290,627
311,576
Net Assets
8,641,439
1,816,840
10.458.279
9,632,963
Funds
12
R¢strtcted Income Funds
1,816,840
1,816,840
1.666.420
Unrestrictrd Imcorne Fwmis:
Dcsignated
General
270.680
8,370,759
270.680
8,370,759
170,936
7.795,607
Total Charlty Funds
8,641.439
1,816,840
10,458.279
9,632,963
These financial statements wer¢ approved by the Tr￿te¢S on 13 May 2026 and signed on theii behalf by
Gregory Wheatley FCA
12

THE GUILD OF OUR LIIDY OF IL4NSOM
STATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2025
2025
2024
Net cash used in operalillg acti￿tIeS
(320,570
{279,533)
Cash floivs from investhig *ctivitle8:
Investment income
Proceeds from sale of investments
(tncrease) decreas¢ in uninvest¢d ¢ash
Purcbase of investtnents
Settlem¢llts of loan receivable
352,684
1.141.349
(15,916)
(1,171,483)
50.000
366,405
691201
(695)
(658,100)
Net Cash provided by investhig activiti£g
356.634
398.811
CbAnge ill ¢ash and Cash equivalents In the year
36,064
119278
Cash and c&gb equivalents brought fonvard
250,914
131,636
Cash and cash equfvalents earrAed fonyard
286,978
250,914
Reeonciliation of net movement in Funds to net eash Ilow from operatlllg
activities
2024
Net movement in Funds
Deduct inv¢8tment income
Deduct capitsl gains on inveslments
Oncreas¢) decrease in debtors
Increase (decrease) in creditors
825.316
(352,684)
(8(K1,215)
(13.079)
20.092
1,092,277
(366,405)
(L.089,112)
27,439
56268
et CA5h used Sn operatthg xctivitles
(320,570)
(279.533)
13

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEKBER 2025
I. ACCOUNTJNG POLICIES
Basls of accountillg and a$$essrnent of golllg toncern
The f]nancial statements have been prq)ared in a¢¢ordance with Accounting and Reporting by Charities.. StsteJllent
of Recommellded Practice applicable to chaTits¢s preparing th¢ir financial ststeJnenls in accordattce with the
Finall¢ial Reporting Standard 102 (effectiv¢ l January 2015), and the C}￿ltieS Act 2011. as alnended by the
Charities Act 2022, and appli¢able regulations. The Guild constitutes a publxc benefit entity a8 d¢fined by FRS
102.
The fllwicial statements bave been prepar￿ under th¢ bistorical cost convention with items recoguised at cost OT
transaction value unless otherwise stated in the relevant note(s) to these financial statcments. The Tn￿te5 Consider
that there are no ￿￿￿rIaL un¢crtainties about the TnLSt's Ability to C4)ntinu¢ as a going con¢¢rn.
Presentatlon of tbe SOFA
The Statement of Financial Activities is pr¢par¢d on an activity basis in aC￿rdanCe with the C]Jarities SORP,
whicb tequires income and expenditure to be analysed by the pnncipal activities undertaken to firther the charity's
purposes. For these fitEan¢ial statements, the clwity's activities have be¢n grouped into th¢ following categoTies:
Events aMdAfission: proje¢ts and initiatives delivered directly by the Guild to support evangelisation and the
pri)motion of the Catholic Faith. This in¢ludes the WeBelieve festival and other mission-focused events designed
to provide an enty Polllt for seekers, nurture V[￿&tiOns, offer a vibrant experience of Catbolic life. and create
opportunities for transfornmtional encounter.
. Gr4ttts Programme: comprising both Ransom gratlts. which support poor and disadvantaged parishes, and
Dowry grants, wbich ffijnd initiatives aimed at die re ¢vangelisation of Britsin and tlke strengthcning of Catholic
life.
. Upkeep of¢he M&fter: wsts relating to th¢ support and n]aint¢nance of the Master in the fulfil￿ of their
role. The Ma$t¢r's pastor￿. liturgical, and ¢vangelistic responsibilities fonn all inte￿1 part of th¢ Guild's
charitabl¢ activities.
Funds
Restricted funds are funds whicb are to be used in accord8n¢e witb specific instructions imposed by the donor or
tru￿ deed. Unrestricted income funds comprise those funds which the Tntstees are free to use for any purpose in
the furtherance of the clmitable obj¢cts. Designated funds compris¢ those funds which have been set aside by the
Tn￿te¢S for a sp¢¢ific puo)os¢. Further detsils of each fimd are disclosed in note 12.
Investment properties
Properties whkch aT¢ held by the Trust to earn r¢ntaIs or for Capital appr¢¢iation, or botty are classified as
investment proikni¢s. Investment properties are initially recogtiised at eosL ittcluding transaction costs. After
initial Tecogt]ition, investtnent properties are measured at fair value. Changes in fair va]ue are recogttIs￿ in the
Statement of Fil￿￿claI Activities in the period in Ththich they ocaw.
14

THE GUJLD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENFS
YEAR ENDED 31 DECEMBER 2025
l. AccouwfiNG POLICIES {¢onthued)
Investment jD finanefial iD5trunJen¢s
Jnvestments other than investment properties are sbown at fair value and include xnvesiment cash held with
brokers. The SU￿luS or deficit arisÈng from the r¢valuation ts in¢luded in the Ststement of Fill￿¢1￿ Acttvtties.
Investtnent assets are valued using the accepted market closin8 price, or rf uttavailable, a quoted or manufa¢tured
mid-price.
Incoming resources and legacies
Incoming r&sources are r¢cogDised once the charity h&s entidement to the resources. it 18 probable that tb¢
resources will be receive￿ and the monetary value can b¢ ￿liablY measured Legacy gifts are reCO￿lsed on a ¢ase-
bykncas¢ basis following the grant of probats wh¢n the admiillstrator l executor for thc Cstats communicated in
writing both the amount and s¢ttl¢ment date.
Grants payable
Grants payable are payinents to third parties in fitheranc¢ of the chaTitablc objects of the TnLSt. Grants are
recognised wllen approved by the Trustees.
Support and governance costs aUo¢atlou
Support and governall¢¢ costs comprise expenditure that enables th¢ charity to operat¢ effectively but is tLOt
directly attributabl¢ to a single activity. These costs include audit and accountsncy f¢¢s, bank charges. inforn)ation
tecljnology se￿1¢eS. general ¢onsultoncy supporting the charity's overall mission. and insurdnce. Su¢h costs are
&pportioned a¢ross the clwity's activities using the direct expenditure rnetb0￿ based on each actiVAty's proportion
of total direct Costs.
Retirement benefits
R￿Irement benefits are expensed when paid (see notes 15 and 16).
2. INCOME FROM
Ullrestrtcted
Restricted
2025
2024
Evellts and Mission:
Ticket sal¢s
Sponsorsbips
56.359
33,019
56J59
33,019
5,009
2.0
89,378
89.378
7.009
15

THE GUILD OF OUR LADY OF IL4NSOM
NOTES TO TItE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
Unrestricted
Restricted
2025
2024
Advertising, printing atkd postage
Property rental costs
lllvestment management Costs
1,164
2.317
31,419
1,164
2,317
38240
1,289
2,966
36,032
6,821
Direct costs subtotal
34.900
6.821
41,721
40287
AIlo¢atcd support and gOvern￿￿e costs
8.813
8,813
11,806
43.713
6.821
50,534
52,093
4. ANALYSIS OF TOTAL
EXPENDITURE
Direct
activity
Support and
governance
2025
2024
Expenditure on raising fund8
41.721
8.813
50.534
52,093
Expenditur¢ on charitable activities:
Events and Mission
Gr8llts PrograD)me
Upkeep of the M&st¢r
322,808
117.110
5,487
445.405
68.193
24,739
1,159
94,091
391.￿1
141,849
6.646
539.496
191,000
187,680
7,746
386,426
16

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINAI44CIAL STATEMENTS
YEAR EIYDED 31 DECEMBER 2025
5. SUPPORT AL￿ GOVERNANCE COSTS
Audit
alld
accounts
Bank fees
Collsulting Insllrance
2025
2024
Expenditure ¢)n raising
funds
1.778
122
75
6,671
167
8,813
11,806
Exp¢Dditure on charitable
activities:
Events alld Mission
13.757
4,991
234
18,982
946
343
16
1.305
582
211
io
803
51,613
18,724
877
71214
1295
470
22
1,787
68,193
24,739
1,159
94,091
43,284
42,531
1,755
87,570
Upkeep of the M￿ter
6. GRANTS PROGRAMME
Uttrestri¢ted Restricted
2025
2024
Rural and illner￿Clty parishes
Walsingham Tn￿t
Pontifical B¢da College
Westininst¢r Cathedral (music)
Youth 2000
Cbyistian Heritage
M#rk 20 Mission
Celebrate Trust
Our Lady of th¢ Taper
Saillt Margaret Clitherow. York
Sycamor¢
Fa]Maj￿ Prefecture
Art of Dymg Well {St Mary's University)
Catholic Studellt Network
Radio Maria
New DawD
Other Doviry Grants
28210
50,000
9.(X)O
7,900
28.210
50,000
9.000
7,900
57.149
25,000
6.000
9.000
4.000
3.000
3,000
3,000
10,000
10.000
10.000
5,000
2,500
2,500
2.5(K>
2,5(K)
3.000
8,000
8,000
117,110
117,110
145,149
Allocated support aud governance costs
24.739
24,739
42,531
141,849
14l,849
187.680
17

THE GUILD OF OUR LADY OF RANSOM
NOTES TO TItE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 21J25
Unrestrieted
Restri¢ted
2025
2024
During the year annuities were paid totailing
(see notes 15 and 16)
7,333
7,333
7.333
8. INVESTME￿ PROPERTY
The Guild owns a prop¢ty located at 17 Lavington Road is held primaTily for investment puw¥s¢s. to gen¢rate a
steady incom¢ in the forni of rentajs. At the balance sheet date. the fair value of the property was ¢stinuted to be
£785,000 {2024.. £785,000).
9. LOAN RECEIVABLE
2025
2024
Loan r¢ceivable
loo.000
150.0
During the year end 2023, the charity agreed to lend £150.000 to the Walsingham Tn￿t. The applicable intsrest
rate was 5.50
/9 per aimum. A firs¢ illStaln￿llt of £50.000 w&s paid during 2025. WAth the remainder settled in in
March 2026.
10. DEBTORS
2025
2024
Prepayments
Accrued income
Gift Aid
1,541
22,238
659
1.934
9.425
24,438
11,359
11. CREDITORS
2025
2024
Accnthls
Defe￿ed incotlle
120.789
100,489
208
120.789
100,697
18

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
12. FUNDS
Restricted
The Million fimd was established by trust deed in 1928 to produc¢ income to finance grants.
UDrestricted- designated
The Beda fimd was ¢stablished to produce income to fillance grallts to the Polltifical Beda College in Rome.
13. INVESTMENTS
2025
2024
Fair value at start of year
Additions at cost
Disposa]s at carying value
Jmcrease in uninvest¢d cash
Fair valu¢ gains
Fair value at end of year
8,536,387
1.171.483
(1,141,349)
15,916
800,215
9,382,652
8,250,681
658,100
{691,201)
695
318.112
8.536,387
Recon¢iled to historical cost as follows..
Cost of investments at end of year
Fair vdue Su￿1￿$
Fair value At end of year
7,137.965
2,244,687
9.382,652
7.091,915
1.444,472
8,536,387
Investr]ents only in¢lude fin￿¢]￿1 assets measured at fair value througb income and expenditur¢.
14. ANALYSIS OF NET ASSETS BETWEEN FtTNDS
Net Current
ssets
Ibabi]ities)
nvestment
property
Investments
Total
Restricted Funds
Unrestricted Funds
1,818,700
7,563.952
(1.860)
292,487
1.816.840
8,641.439
785.000
785,(M)O
9J82.652
290,627
10,458,279
19

THE GUILD OF OUR LADY OF RANSOM
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2025
15. FINAIYCIAL COMMITMENTS
The Guild is committed to pay r¢tsrement ben¢fits of £7,333 annually for life to a forn]er employee.
16. COLYTINGENT LIABILrrY
The Guild has a liabiIity to pay unfunded retiretnfflrt benefits as explaillcd in note 15 which cannot be reliably
quantified alld for whid¥ a¢¢oTdingly. no provisioll has been J)Jade in these f]nancial statemellts.
17. ANALYSIS OF COTrtPABATIVE AMoirNrs
Unrestrfi¢¢ed
Restricted
2024
ststemen¢ of FIlland￿ A¢dVAtles:
Legacies
Donations
Income from chaTitable activities
ljjvestment income
Expenditure on raising fimds
Expenditure on charitable activities
Retirement benefits
Net gains on investmcnts
Trdnsfer between Funds
64.439
11.164
7,009
3￿,774
(45,679)
(386,426)
(7.333)
1.026,008
65,631
64,439
11.164
7.009
366,405
(52,093)
(386.420
(7.333)
1,089,112
65,631
(6,414)
63,104
(65.631)
Net movements in Funds
Total Fun￿ brought forward
1.035.587
6,930,956
56.690
1.609.730
1,092,277
8.540.686
Totsl Fund8 callied fotward
7.966.543
1,666,420
9,632,963
B￿alle¢ Sheet:
vesttn¢nt propety
Investments
Loan r¢¢¢ivable
Debtors
Cash at baDk
Creditors
785.1)00
6,868.325
150.000
11,359
250.914
(99.055)
785.000
8,536,387
I50,OIXI
11,359
250,914
(100.697)
1,668.062
(1,642)
Total net a&8ets
7.966,543
1.666.420
9,632.963
20

E GUILD OF OUR LADY OF IL4NSOM
NOTES TO THE FINANCIAL STATEMEIYTS
YEAR ENDED 31 DECEMBER 2025
18. RELATED PARTY TRANSACTIONS
During the year the M&ster h&d to meet a number of nllltiing costs for the Guild.
N8me of Related Party
Relationshlp
Tran$8¢don
2025
2024
Mgr. Jobll Amitage
Upkeep of the
6.646
7,746
19. CONTROLLING PARTY
In the opinii)n of the Tn￿teeS there is no ov¢rnll controlling paty.
21