THE CONGREGATION OF OUR LADY OF PITY REGISTERED CHARITY NO. 233237 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- AUGUST 2025 KING LOOSE & CO INDEPENDENT EXAMINERS ST JOHN'S HOUSE 5 SOUTH PARADE SUMMERTOWN OXFORD OX2 7JL
THE CONGREGATION OF OUR LADY OF PITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 CONTENTS Page Legal and Administrative Details Trustees Report Statement of Trust¢e5' R¢5pon5ibilities Independent Examiners Report Staleinent of Financial Activities B21ance Sheet 8-16 Notes to thc Fiiiaiicial Stalejnents
THE CONGREGATION OF OUR LADY OF PITY LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31- AUGUST 2025 Charity No. 233237 Trnst Deed Dated 5" February 1964 Constitution Dated 2ty May 1972 Trllstees Miss V Thomson (Reverend Mother- Sister Veroni¢a) Miss M A Walsh (Sister Antonia) (died 2 April 2025) Mrs B Fisher Mrs J Smith Rt Rev Dom David Cuthbert Brogaii OSB V Rev Canon D Hopgd Mr U E Scliwarzenbach Principal Address St John's Coiivent Linden Hill Lane Killi Gr¢¢ Readin Berkshire RG 10 9XP Banke Barclay5 Bank PIC Mayfair Group of Branches PO Box 11345 Loiidon W128GG Investment Broke] Charles Stanley & Co Limited 55 Bisl)opsgate Loiidon EC2N 3AS Accounts & Administration Andrew J Curtis Independent Examiner Mrs H C Fanthome Kiiig L005e & Co St John's House 5 South Parade Summertown Oxford OX2 7JL
THE CONGREGATION OF OUR LADY OF PITY TRUSTEES, REPORT FOR THE YEAR ENDED 31sf AUGUST 2025 The Trustees have pleasure in presenting the financial statements of the Charity for the year elided 315¢ August 2025. Tlie financial statements liave beeii prepared in accordaiice with the accounting policies set out in note I to the accounts and comply witli tlie Charity's Trust Deed and applicable legislation. Histo of The Con tion Tli¢ Congregation was founded in 1948, under the leadership and direction of Mother Margaret Mary Lauder. From the beginning, the comtnunity wanted to offer dieir liv¢s and work to assist priest5, however, this was not realised until 1963. At that time, some of the sisl¢rs went to work in seminaries and parishes - caring for tl)e parish priests and assisting tliem ift parish work. The commiinity have ¢onstantly been aware of the need foi renewal and re-assessmeiit of their aposlolale. From 1965 uiitil 1995, tliis awstolate wa5 to care for retired priests who needed care. These priests came from dioeese all over the UK and froin religious orders. The aiin was to provide the priests with personal care during tlieir retiremeiit years and also to see to their spiritual needs- daily Mass, visits from other priests and support from the diocese. From 1996, changes took place as set out iii the Cliarity Obj¢¢tives b¢low. Chari 's Ob ettives From 1996, the whole pro¢¢ss of retirement and pastoral work for older priests clian8ed under a new scheine set up by tlie diocese of Portsmoutli and the clergy are now able to retire earlier when they still have some quality of life. Therefore, instead of full-time pastoral ministry, tliey perfonn part-tiine supply work fi'otn St John's Convent whilst receiving from the sisters tlie necessary pliysical and emotional re. The primary aim of the Congregation remains the care of priests who have to retire from full-titne mii)istry, bui has opeiied up now to short-tertn care. and also cateriiig foi. priests and religious brothers and sisters who need tiTne off to Inake a retreat, have a few weeks rest after missionary work or post- operative care or rest. The aim is always to provide a qui¢L peaceful. relaxiiig atmospliere for all Tesideiits and guests. Under the fourth vow of the Order, that of Apostolic Zeal, a commitmeiit exists to help all people in iieed, tl)er¢for¢, special attention is given to the care of the Ilotneless, families in need, and orphans. As a religious Congregation, daily lives must be goven)ed by the Gospel, whilst keeping a balan¢e between financing tlie work and caring for tl)e brotliers aiid sis*rs wlio are iii need of basic living and human Review of Develo ments Activities 2nd Achievements Ac¢oinmodalion aiid activity income lias shown modest but sustain&ble growth, and works to upgrade the property overall now see the cliarity well placed to welcome sIdents and guests. Ecumenical activities are continuing successfully, and tlie Sisters are frequently called u]x)n to assist families whose lives have beeii directly affected by pressures imposed by the cost of living crisis. A significant donation was received in 2024, comprising cash plus a large stocks and shares ptrrtfolio, from tli¢ R.H. Baden-Powell Daughter's Settleinent. The Value of tliis was £488,028.
THE CONGREGATION OF OUR LADY OF prry 5T TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Public Benefit Supporting the community gives the Charity the greatest outr¢a¢h and provides the greatest public benefit. The Charity continues to engage witl), and be accessible to, the community it aims to reach and serve. In considering the c]rIty,$ Continuing aitns and objects, tlie Trustees l)ave reviewed Ilie guidance issued by tlie Charity Commission in relation to publi¢ benefit. and Consider tlial the public benefit test continues to be satisfied. Finances *nd Investtnent Polic The Charity's investments have continued to be managed with the objective of maintaining a balanced return between long-temi capitsl and income growth. Charles Stanley & Co. Liinited, U)e Charity's Investment Broke, work within an investment policy which the Trustees have drawn up. Due to the continuing worldwide problems in the financial markets, the value of the Charity's investinent portfolio deCrased over the year, altl)ougli income levels tlierefrom weit Inaintaii)ed. The previous aiid Continuing restructuring of the portfolio has generally protected tl)e Charity in such very difficult times. Ai 31" August 2025. the investtneiil portfolio amounted to £1,718,418. a decrease against the brought forward value of 6.6% over the year. ointment and Trainin f Trustees The Trusle¢s meet to nominate and appoint Trustees for the Cl)arity. With regard lo training and inductioii of new Trustees, the ]y)licy is infornial- n¢w Truste¢s attend the regular meetings where matters of poli¢y, principle and finance are discussed. aniskitional Structure 'n)e l-l'ustees Jneet at least bi-annually and decide the policies and principles to k followed. Infomial meetinus are also held wlien the need arises. The Reverend Mother- Sister Veronica- is appoii)ted by tlie Trustees to eiisure tlie decisions are carried out and tlie Reverend Mother also takes all day to day management decisions. Reserves Poli Tlie Trustees carly out an annual review of tlie Charity's free reserves p)licy (free reserves being those funds not tied up in fixed assets, designaied or restricted funds), in light of risks and future plans. The Trustees l)ave establislied a policy lo liave a minimvin fr¢¢ r¢s¢rve of approximately four montlis of normal resour¢es expended, which equates to £160,000. This reserve should enable the Charity to continue to Ineet its objectives if it faces loss of income, increases in costs or delays in r¢ceipts. Risk Mana ement The Trustees Iiave examined the major strategic, business and operational risks Hthich the Charity f2¢¢S or may fac¢ and ¢onfimi tliat systems liave been establisl)ed to mitigate the significant risks. Th¢ Trust¢¢s ¢onsider d)al the principal risks facing the Charity aie'.- a) Maintaining the value of tlie investments, in tems of income generation primarily, to support the ¢ongregalion and its activities, and b) Diminishinu number of sisters or tlie Order, worldwide. Insofar as is possible, tlie Trustees keep these mattel's under review.
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DEPEf4DEIYT EXAMINERS REPORT TO THE TRUSTEES OF THE CONGREGATION OF OUR LADY OF prry FOR THE YEAR ENDED 31- AUGUST 2025 I report on the accounts of tlie cliarity for the year ¢nd¢d 31, August 2025, which are set out on pages 6 to 16. Res ective res onsibilities of the trusteos and examiner Th¢ ¢harity's Irusl¢es are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for tliis year under Section 144{2) of th¢ Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to'.- Examine tjie accounts under Section 145 of the 2011 Act: lo follow the procedures laid dowii in tlie General Directions giveii by tlie Cliarity Commissioner linder Section 145(5)(b) of the 201 l Act; and to state whetlier particular Inatters have come to tny attention. b) Basis of inde endent examiner's re ort My exainination was carried out in accordance with the general directions given by the Charity Commissioners. An examination ii)¢ludes a review of ihe accounting records kepr by the charity, and a coinparison of tl)e accounts preseiited with those records. It also includes consideratioii of aiiy uiiusual iteins or disclosures in the accounts, and seeking explanatlOT15 from you as trustees concerning any such matters. The procedures undertaken do not provide all ihe evideiice that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is liiniled to diose matt¢rs s¢1 out in i])e slalem¢iil below. Inde endent examiner's statement In ¢onn¢clion with my ¢xamination, no matter has Come to my &ttention'. whicli gives m¢ reasonable ¢ause to b¢li¢v¢ that in any material resp¢¢t th¢ requiremenls to k¢¢p a¢¢ounting records in accordance widi S¢¢lion 130 of th¢ 2011 Act. and to prepare accounts which ac¢ord with the a¢wunting re¢ords and to comply with the accouiiting requirements of the 201 l Act have not been met- or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. King IA)osc & Co St John'5 House 5 South Parade Summertown Oxford OX2 7JL Mrs H C Fanthome FCA
THE CONGREGATION OF OUR LADY OF PITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315f AUGUST 202S Unres- tricted Funds Total Funds 2025 Unres- tricted Funds Total Fund$ 2024 Note Income & Endowments from: Voluntary Incottie Activilies for gcnerating funds'.- Fees for Accommodation and Services provided 34.831 34,831 538,999 538,999 214,855 214.855 203,210 203,210 Peiisions 4,018 4,018 5,050 5,050 Investment Income 75,785 75,785 75,129 75,129 TotAI Income and Endoivments 329,489 329,489 822,388 822,388 Expenditure on Charitable Activities.. Operating Costs Grants 420,521 420,521 423263 423.263 2,335 57,019 2,335 4,297 67,800 4,297 Other Support Costs 57,019 67,800 Total Resources expended 479,875 479,875 495,360 495,360 Net (Expenditurey Incoine for the Year Before Investment Movements (150,386) (150,386) 327,028 327,028 Net Gaii)s on Investinenls And Fixed Assets 56,144 56.144 115,304 115,304 Net Movement in Funds (94,242) (94.242) 442,332 442,332 Total Funds Brought Forward 3,735,508 3,735,508 3.293,176 3,293,176 Total Funds Carried Forward 3,641,266 3.641.266 3,735,508 3.735,508 Tli¢r¢ were no otli¢r recogni5ed gains or losses other ihan those reflected in the Staleinent of Financial Activities. The notes on pages 8 to 16 fom part of ihese accounts.
THE CO.NGRECI.4TION' OI"OLR I.ADI' OF- FITI, B.4L4.NCE SHF.E .4S AT31?1 AI':GL,ST ?0?5 ?024 Fixed Assets Tangibrf Asse 1.8i5.SiO 1,86i,68" InYcsiT.en15 1,718,418 1,8i9.98". 3,45.1.48 i. IOi.66i Current.$sell Dch:ors %hDrt Term Bank D=p)&iES 6.9)1 84.40K 6,870 4i.124 120.201 62,481 Curreni Liabtliti Creditors. Amounts Fall.'ntp ou- u'iihin oiie i'eir ?5,%16 ,Net Currrnf tissets G4,68% Totul A55ets less Currertr 1.Tr2biliiirs j,44y.56-. credllots...4il1&..1ts ralaiig Jb" -cr mv.-e il'.art onc y'car IQ 7.661 j.U1 ry6ti j.lJ5.<08 UntC5triaed Fund5 j.641 ?66 J,7)< 508 Appros'td the 1102rd of Trslee¥ signed on its bh#lf bb.: V Thom&nn Daied Tli= nDiLg on pages 8 t() 16 fo pan or Il.:e aLroJnis.
THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-AUGUST 2025 Accountin Polieies Tlie following accounting polici¢s are ¢onsidered material in relation to lh¢ Charity's financial statements. General InforJnation These financial statements have been presented in Pound Sterlin8 as this is the currency of tlie priinary economic environinent in whi¢h the Charity operates. b) Basis of preparation The accounts (finaiicial stateinents) have been prepared under the historical cost Convention with items re¢ognised at cost or transaction value unless othenvise staled in tlie relevant notes(s} to tliese accounts. The financial stateineiits have been prepared in accordance with the Statetnenl of Recotnmended Practice.. Accounting and ReportiT]g by Charities preparing their accounts in accordance with the Financial Rewrting Standard applicable in che UK and Republic of Ireland (FRS 102) - Cliarilies SORP (FRS 102). and die Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and tlie Cliarities Act 2011. The Charity Constitutes a public benefit entity as defined by FRS 102. The charity has taken advantage of the exemption to prepare a casl) flow statement, as contained in Financial Reporting Siandard I, on the ground5 that it is a stllall charity. Activities The financial statements include the results of the charity's operations as deseribed in tlie trustees, aniiual repor¢ and all of whicli are Continuing. d) Revenue Recognition Investment ineome Investineiit Iiicoine is credited to incoine on a reccipts basis, and cotnpris¢s divid¢nds and interest from listed investments, and inlerest on d¢FX)Sits. Pensions Sucli income is either stale pension, or sourced from the sisters. activities, either currenl or previous, and is wholly covenanted to the charity by tjie 51Sters, on a reccipts basis. Donations and Le acies Doi)ations are ci'edited to income wlien received. Legacies ar¢ credited to iiicome when the chai'ity is legally entitled to tlie income and the amount ¢an be verified with reasonable acciiracy. Fees for accommodation and services Such iiicome is sourced from the cliarity's freehold property, supplemented by income from tlie sisters, activities, and is credited to income on a receivable basis, al the point al which the charity is entitled to tlie income. All incoming r¢sour¢¢s are thus included in tlie Statement of Financial Activities wlien the charity is legally entitled to the income, and the amount can be verified with reasonable accui'acy. Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or coi)structive obligation committing the cliarity to that expenditure, it is probable that settlement will be required and the amouiit of tlie obligatioii can be reliably measured. Expenditure is included on an accruals basis and has been classified under headin8S that aggregate all costs related to tl)e category. Expenditure represents the costs of supporting the sisters both personally, and in their a¢tivities on behalf of th¢ ¢harity.
THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED31ST AUGUST2025 l. Aecountin Policie5 continued Grants and Donations Grants and donations expended are shown in not¢ 5 to the financial statements. These are reported when paid. There are no SI1]fICant multi-year grants. g) Value Added Tax Value Added Tax is not recoverablc by the Charity, and is included in the relevant ¢osts in the Staleinent of Financial Activities. h) Tangible A&8ets and Depreciation Property, plant and equipment are initially recogiiis¢d at cost whicli is the purchase price plus any directly attributable costs. Subsequently property, plant and equipment are measured at Cost less accumulated depreciation aiid itnpairment losse5. Land and buildings are measured at fair value at Ilie date of revaluation less any subs¢qu¢nt accumulated depreciation and subseqiienl a¢¢umulated impaimient losses. Revaluations are considered ¢v¢ry year ensuriiig the carrying amount does not differ materially from the fair value detemiined at the end of the reporting period. Ai 31. August 2025, the truste¢s were satisfied thac no revaluation adjustments were required. Depreciation is providcd on taiigible fixed assets in order to writ¢ off each asset over ils expected economic life. The rates of deprecialioii applied to each class of asset are:_ Freehold land not depreciated Freehold buildinus 10/0 on revalued amount plus subsequent additions 15¢/o on rcducing balance 25 % on slraight line basis 25Q/o on reducing balaiice Furnitui'e and fittings Equipmcnl Motor vehicles Investments Investtneiils are showi in the accounts at fair valu¢ whicli has been det¢miined as follows'.- Listed securities and secLirities on tlie Uiilisted Se¢urities Market (USM) are shown by reference to Inid-lnarket priee and other appropriate financial infonnation. Other unlisted securities are valued having regard to lat¢sl dealings, professional valuations, asset valu¢s and othei. appropriate financial infomiation. Unit trust inveslments are staled at tlie tnid-poiiit of the latest prices quot¢d by their respective managers prior to 3151 August 2025. Wliere appropriate, investments licld in foi'eigii currencies have been valved on the relevant basis and translated into sterling at the rate ruling on 31. Aiigust 2025. Gains and losses, whether r¢alised or not, are reFK)rted in the Statement of Finaiicial Activities. (iv) (v)
io. THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- AUGUST 2025 Accountin Policles eontinued i) Financial Assets and Liabilittes Cash and cash equivalents. Cash and cash equivalents include cash in hand, deposits held with banks, and other sliort temi highly liquid investments with original nTraturities of tliree montl)s or less. Investments. Investments comprise Quoted Stocks and Shares as detsiled in the notes to the accounw for which a fair value can be measuiEd reliably. Such investmeTrts are initially recognised at flir value, which 15 the trai)saction price excluding transa¢tion costs. and are subsequently measured at fair value with tnovements being reflected through the statement of financial activities. Trade and other payables. Trade and otlier payabl¢s that are payable within one year are measured at the uiidis¢ounled amount of the casli expected to be paid. k) Impairment of Assets At each reporting date the Company reviews the carrying value of its assets to determine wh¢tl)¢r Ilieit is ai?y indication that tliose assets have suffered an impairinent loss. If any such indication exists the recoverable amount of the asset is estimated in order to deterniine the extent of the impairment loss. The recoverable amount of an asset is the higher of fair valu¢ I¢s5 ¢0sts to sell and value in use. Value in use is the pre5eiil value of the future cash flow expected to be derived from the asset, or cash generating unit. Tlie present value caleulatiork involves ¢slimating the future eash inflows and outflows to be derived from continuing use of the asset, and from its ultimate disposal. applying ali appropriate discount rat¢ to thos¢ future casli flows. Wh¢r¢ the receivable amount of an asset is less than tlie carrying amount, an impaii'ment loss is recognised immediately in tlie stat¢m¢nt of fiiian¢ial activities. Ai) impaimieiil loss recogiiised for all assets is reversed in a subsequent period if. and only if, the reasons for the impairmeiit loss hav¢ ¢eased to apply. Leasing and Hire Purchase Lease arrangeinenls are classified as a finance lease where the temis of the lease transfer substantially all tlie risks and r¢wards of own¢rsliip to th¢ lesscc. All otlier lease atTangetnents are classified as an operating lease. Assets held undei. finaiice lease arrangements are recognised as assets within propety, plant and eqiiipin¢nt at tlieir fair valuc, or, if lower, at the present Yalue of tlie Iniiiimum lease payineiits, each deterniined at the in¢eption of the lease. The assets are subsequently d¢preciated over the shortcr of the lease tenn and their useful life. Tlie corresponding finance lease liability is re¢ognised as a finance lease obligation, with lease payinents being apportioned between fiiiance cliarges and a reduction iii the lease obligation so as to achi¢ve a constant rate of interest oil tlie remaining amount of the liability. Finaiice charges are recognised within the statement of financial activili¢5. Payment5 made under operating lease arrangements are charged to tlie statem¢nl of financial activities on a straight line basis over the lease term. Employee Benefits'_ Pensions Tlie cliarity operates a d¢fiiied rontribution pcn5iOII sclieme in respect of certain paid employees. The schetne and its assets are held by independent managers. The peiision char8e represents the amount5 payabl¢ by th¢ ¢harity to Éhe fund in SpeCt of the year.
ii. THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST2025 l. A¢¢ountlD Policies continued Fund Aecounting Funds held by the Cliarity arc eitlier.. Unrcslricted General Funds- these are fuiids wliich can be used iii accordaiice wiih the cliaritable objects at tlie discretion of the Tnjstees. Designated Funds- tli¢s¢ are fuiids set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. All of the charity's assets are currently represented by Unrestricted General Funds. Going Concern The financial statements have been prepared on a going concern basis. The current economic conditions present increased risks for all entities. In response to such Condilioiis. the trustees have carefully considered these risks, includiiig ali assessment of uncertainty on future trading projection for a period of at least 12 months froin the date of signing the financial statements, aiid the exteiit to wliich they miglit affect the preparation of the financial statements. The trustees have concluded that the going concem basis remains appropriate. 2. Donations Grants and Le acies Included within the figure for donations, grants and l¢¥a¢i¢s are the following gifts.'_ Brenninkineye M Bunn l&J Williatns 15,000 1,000 2,000 The Trustees are sin¢¢r¢ly grateful for these generous gift5. 3. Investment Income 2025 2024 From Listed Ii)veslinetEts From Bank Deposits 74,508 1,277 73,380 1,749 75.785 75.129
12. THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sr T 2025 4. Ex enditure Other Total Funds O 2025 Other Total Funds 2024 eratin Costs erati Costs Costs Cost Food, Provisions Sundries Light aiid Heat Rateslcouncil Tax Teleplione Insurance Repairs & Renewals Garden Maiiilenance Motor &Travelling Expenses Holidaysl Pilgrimagel Retreat Staff Costs Newspaper4 Magazines & Recoverable Expeiises 1,526 Printing, Stationery, Postag¢, & Coinputing 2,439 Advertisin(F Chapel Expenses Clothing and Linen Medical Expensesl Nursing Home Fees Fui)eial Costs Independent Examiner's Fees Bank chare$ Cleaning, Suiidi'ies & Siibscriptions Depi'eciation Motor Vehicles 6,271 Furniture & Equipment 4,581 Freeliold Property 17,000 Legal & Professional Fee5 165 Equip. Hire(Fire Alamis) 1,740 Invest. Managers, costs Hire Purcliase Interest 39,503 35,829 2.573 18,643 13.964 111,546 1206 39,503 35,829 2,573 18,643 13,964 111,546 1,206 50,076 33,801 2.535 13,691 13.332 108,038 1,864 50,076 33,801 2,535 13,691 13,332 108,038 1,864 5,055 5.055 8,361 8,361 9,179 85,462 9,179 124,445 10,613 81,392 10,613 122,192 38,983 40.800 1.526 1,223 1,223 2,439 5,242 5,242 14,31 1 3.127 14,311 3.127 14,148 1,380 14,148 1.380 18,361 6,078 18,361 6,078 21,615 21.615 5,280 473 5,280 473 4,000 392 4,000 392 21,962 21,962 22,949 22,949 6,271 4,581 17,000 521 1,740 11.927 8,362 5,841 17,000 166 1.634 8,362 5,841 17,000 11,722 1,634 11,052 356 11,556 11,927 11,052 420.521 57,019 477,540 423,263 67,800 491,063
13. THE CONGREGATION OF OUR LADY OF PITY TE THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31- AUGUST 2025 Grants and Donations 2025 2024 To Individuals To Other Charities Diocesan donation for priests 2,537 1,760 2,335 2,335 4,297 Tart ible Fixed Assets Freehold Pro Motor Vehieles Furniture Total Cost or Valuation At I" Septetnber 2024 Additions in Year Disposals 2.397,380 43.053 168,666 2,609,099 At 3 1st Au8USt 2025 2,397,380 43,053 168,666 2.609,099 Depreciatio At I" September 2024 Charge for the Year Disposals 581,633 17,000 17.970 6,271 145,814 4.581 745,417 27,852 At 31° August 2025 598,633 24,241 150,395 773,269 Net Book Values Ai 31$1 August 2025 1,798,747 18,812 18,271 1.825,830 At 31° August 2024 ,815.747 25,083 22,852 1,863,682 The following assets were held under Ill pur¢hase agr¢em¢nts'. 2025 Net book De Value 2024 Net book De value reciation re¢iation Motor vehicles 8,722 2,908 11,630 3,877 The freehold property was last revalued on 17 ' August 2000 at £2,450,000, by M W Heatli F.R.l.C.S. of Martin Heath Associates. The Trustees used this figure to restate tlie ¢arrying value of the freehold propcrty as at 31, August 2000, with subsequent additions being reflected at cost, and disposals as ai) apportionment of tlie revalued ainount. Tlie entire net book value at 31, August 2025 represents fix¢d assets used for direct charitable purposes.
14. THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST AUGUST 2025 Fixed Asset Investment$- Portfolio 2025 Valuation at ISI September 2024 Add: A¢quisitions al Cost Legacy Less: Disposals 1,839,983 246,387 (424,096) 1,662,274 Cliange in Market Value 56,144 Market Value at 31° August 2025 1,718,418 Represented By: 2025 Investment5 listed on a recognised Stock Exchange, including Investments and Unit Trusts, are as follows.. UK Ov¢rs¢as 1,034,652 362.194 1,396,846 Fixed Interest and Govt. sto¢k 321,572 1,718,418 Analysis of Net Investment Gains1(SSes) Uiirealised Gains for the Year (portfolio) {Loss¢s) Realised on Disposal etc (portfolio) Gaiiis on disposal of propety 76,136 (19,992) Nel Invesiment Gains 56,144 Material Investments as at 31" August 2025 Market Value °/0 of Port- folio Total Consistent UT- Practical Investment Sliell pl¢ ord shar¢s Man GLG High Yi¢ld Opps National Grid M&G plc T¢inpl¢ Bar Iiivestment Trust 82,380 65,376 64,113 62.460 68,275 71,610 4.79 3.80 3.73 3.63 3.86 4.17
15. THE CONGREGATION OF OUR LADY OF PITY NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Debtors 2025 2024 Pr¢payments and Sundry Debtors Income Tax Re¢overnbl¢ 4,536 2,365 4,505 2,365 6,901 6,870 Credttor$- Amounts Fallin Due Within One Year 2025 2024 Ti'ad¢ Creditors Social Security and Other Taxes Accruals Hire Purchase Creditor (current element) 3,463 20,481 1,572 4,653 15,174 1,572 25,516 21,399 10. Creditors- Amounts Fallin Due After More Than One Year 2025 2024 Hire Purchase Creditor Due 1-2 years Due 2-5 years 1,572 6,095 1,572 7,667 7,667 9,239 11. Unrestricted Funds 2025 The movement in unre5tricled funds dllring the year is as follows: At I" Septeinber 2024 Net Outgoing Resources for the Year Gains on Investments, and Other Fixed Assets 3.735,508 {150,386) 56,144 At 31° August 2025 3,641.266 12. Trustees, RemunerAtion and Ex enses Th¢ Trustees received no remuneration (2024 - nil). Two of the Trustees, Reverend Mother Sister Veronica (Miss V Tholnson) and Sister Antonia (Miss M A Walsh), had use of the Charity's tnotor vehicles and all molor, living and other expenses are paid by the Charity to enable tliem to carry out Ih¢ii' work on its belialf.
16. THE CONGREGATION OF OUR LADY OF PITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- AUGUST 2025 13. Em ees, Remuneration No employe¢ eamed emoluments of more than £60,000 p.a. during the year. Staff Costs 2025 2024 Wages and Salaries Social Security Costs (nel of Employtnent Allowance) P¢nsion Costs 115,660 6,098 2.687 114,104 6,155 1,933 124,445 122,192 The average number of staff for the year were.. N(ty Sisters Operational Staff Administs'ative staff 14. Contin ent Liabiliti The Charity had no material contingent liabilities at 31, August 2025. 15. Secured Ltabilities Hire Purcliase Creditors are secured on certain of the Charity's fixed assets as detailed in note 6 to these accounts.