2023-08-31-accounts

Charity registration number. 235703 The Little Way Association Annual Report and Financial Statements for the Year Ended 31 August 2023 MG Audit SerVi￿s Limited Chartered Accountants and Registered Auditors 166 College Road Harrow Middlesex HA1 1BH

The Little Way Association Contents Reference and Adminislralive Details Trustees, Report 2to10 Independent Auditors, Report 11 to13 Statement of Financial Activities 14to15 Balan￿ Sheet 16 Cash Flow Statement 17 Notes to the Financial Statements 18to47

The Little Way Association Reference and Administrative Detsils Trustees Mr Dennis Charlick Mr Peter John Beynon Mr David Joseph O'Brien Miss Maria Grcar, President Mr Angelo Manorajah, Chief Financial Offi￿r Senior Management Team Principal Office Sacred Heart House 119 Cedars Road Clapham Common London SW4 OPR Charity Registration Number 235703 Sollcltors Druces LLP Salisbury House London Wall London EC2M 5PS Bankors Bank of Ireland UK PO Box 2124 Belfast BT19RS Barclays Bank PIC 7 Sl John's Hill Clapham Junction London SW11 Allied Irish Bank PIC 219 Crumlin Road Dublin 12 Auditor MG Audit servI￿s Limited Chartered Accounlanls and Registered Auditors 166 College Road Harrow Middlesex HA1 18H Page 1

The Little Way Association Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2023. Introductlon The Little Way Association is govemed by a trust deed dated 1 Oth April 1964 and Is registered on 5th ALJgust 1964 with the Charity Commission for England and Wales, Charity Registration Number 235703 and a prior constitution (amended in 19621. The accounts in this report cover all the activities carried OLJt by the Association, being religious and charitable work and the upkeep of the Association's religious cenlres at Lourdes, Fatima, Knock and Walsingham. The legal and administrative information in the financial statements form part of the trustees, annual report. Public benefit The Trustees have consulted the guidance available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2011. The Trustees are confident that they have complied with their duty under section 4 of the Charities Act 2011 in that they have had due adherence to public benefit guidan￿ published by the Commission. In furtherance of the Irusl's charitable purposes for the public benefit the Iruslees give details of their activities in the following.. Aims and objectives of the Little Way The Association is a lay Association established to promote devotion lo Sl Therese of Lisieux and lo help priests and missionaries in their work of making Christ known and loved. To endeavour lo follow the little way of St Therese, emulating her love of God and all humanity, and imilaling her childlike simplicity and perfect confidence in God our Father. To help the missionary work of the Roman Catholic Church in all parts of the world by funding the building of chapels, simple houses, schools and wells in areas of need., by supporting Roman Catholi priests with Mass Offerings, maintaining religious sisters and Calechisls., and by giving grants for food, medicines and other aid for hungry, sick and deprived people, internally displaced people, needy children and victims of wars and natural disasters. Principal activities The Association's principal activity during the year continued to be the spiritual and financial support of Catholic missionaries undertaking religious and humanitarian work for needy and deprived people in Africa, Asia and Latin America. This activity is underpinned and inspired by a devob'on to St Therese of Lisieux and 8 commitment lo her spirituality. Page 2

The Little Way Association Trustees, Report The origins and development of the Association The Little Way Association dales back to the middle of the 20th century, when a young Irish woman, Mary Doohan, left her family home in rural Ireland to live and work in London, following the end of the second world war. She was a devoLJt Catholic and initially wanted to devote her life to nursing. However, in order to eam a living, she took an office job, continuing her spiritual, hLJmanitarian and Church interests in her spare time. She made many contacts with like-minded Catholics in London and, when one of her brothers who was a Catholic missionary priest in the Philippines told her of his parish's urgent need lo replace the roof of their church following a typhoon, Miss Doohan tried her hand al fundraising. She quickly discovered a great talent for this. gathering willing helpers from her parish and from the church associations of which she was a member. When the roof in the Philippines was successfully funded, Mary and her helpers widened their scope and continued lo fundraise for a succession of projects in needy parishes in the missions. Word spread amongst British and Irish missionary priests and religious working overseas, and this led to an increasing number of requests for financial help. It was not long before the volume of requests, the demands of fundraising, and the organisalion of a large number of volunteers, became so great that Mary had lo devote all of her lime lo her new vocation. She gave up her Offi￿ job and, after fulfilling the legal requirements, The Little Way Association was sel up as a registered charity. Mary was adamant that all the money given by donors for missionary projects musl be sent lo the projects in full, so she had lo find another way of paying for the inevitable costs of administration. Mary felt a guiding providence In her life. A generous supporter was inspired to give her the means lo make an Initial payment on a disused convent, with a chapel, in south London, to serve as the new Association's headquarters. The building was large enough lo provide office space and also had outbuildings which Mary and her helpers converted into a hostel for priests and students temporarily in London. The income from the hostel provided the money needed to pay off the remaining debt on Sacred Heart House. A yearly raffle was organised to cover administration costs. This was replaced by the dedicated administration fund which still exists and for which regular appeals are made. Mary s deletmination that all donations for the missions were sent out lo them without deduction is still scrupulously adhered to. As the 20th century progressed, the number of requests from missionaries for grants continued lo increase and, fortunately, the number of generous donors also grew. The volume of work and the need for continuity eventually led lo the recruitment of paid staff lo join her volunteers. A few helpers who had initially worked as volunteers in their spare time were able to become full time workers when offered a modest salary. Little Way cenlres were opened in Walsingham, Lourdes, Fatima and Knock, to provide information on St Therese and on missionary needs, and in some cases to offer accommodation lo pilgrims. These ￿ntreS continue to be an important aspect of the Association's outreach. Religious congregations, Myanmar In her final years, Mary Doohan collaborated with Rt Rev Nicholas Mang Thang, Bishop of Hakha Diocese, Myanmar, lo found and establish the Little Way Sisters of Sl Therese ILWSTI and also the Little Way Missionary Priests of Sl Therese ILWMTI, both religious congregations based in Myanmar and also working in neighbouring countries. Bishop Mang Thang subsequently became Archbishop of Mandalay, a post from which he has now retired. Page 3

The Little Way Association Trustees, Report The Association supported the construction in 1995 of a building for the sisters in Kalaymyo and the LWST were established as a public association in 1997. In 2000, the Association supported the building of a mother-house and novitiate, also al Kalaymyo, and in 2004 the sisters, constitution and rule were approved. For the sisters, the establishment of an LWST convent in the Philippines to serve as a base for participation in advanced training and the attainment of professional qualifications opened the doors to a wider range of apostolate for the Sisters. They now have many small convents in Myanmar, usually of four or five Sisters, that serve people in rural areas, providing education or medical care. Some convents have been dedicated to an exclusively contemplative way of life, too, especially in busy cities, providing a haven of prayer and Eucharistic Adoration in the hustle and bustle of urban life. There are now more than 200 Little Way Sisters in various dI0￿se5 in Myanmar. Perhaps the most consequential milestone for the Little Way priests was when the LWMT were chosen by the Catholic Bishops, conferen￿ of Myanmar officially as their National Missionary Society. By that lime, there were several young men who had achieved priestly ordination, and some 34 LWMT priests now worf( in Myanmar, Cambodia, the Philippines and Papua New Guinea. The LWMT has been able lo choose a Father General Superior, a Procurator General and six Priesl-counsellors, as the numbers are now viable for a degree of self-gOVernan￿ as Congregation. Fundraising and administration The main fundraising activity is the mailing of a booklet and newsletter to supporters twice a year. There are also advertisements in the Catholic press in Britain and Ireland. The Association's website promotes the cause online and enables online donations. The hands-on, labour intensive methods of 8dminislralion of the second half of the 20th century have been replaced by 21 st century technology. Computerisalion enables the sm811 team of volunteers and paid staff to handle a large volume of wotk efficiently. Mary Doohan died in 2008 and was succeeded by the vice president, Dr Norman Waldron. who died in 2012. He in turn was succeeded by the Cur￿nt president, Maria Grcar, who worked closely with the late Miss Doohan and the late Dr Waldron. Plans for future periods The Little Way Association intends to continue its work of assisting many Roman Catholic projects in Africa, Asia (including Indial and Latin America and also in making the spirilualily of Sl Therese of Lisieux more widely known, loved and followed. We are implementing a strategy of contacting Roman Catholic Archbishops and Bishops in Latin America who have not recently, or who have never, sent project proposals for consideration by the Association. The Association will inform, or remind, the Archbishops, or Bishops, of the work of the Association and give general guidelines as to the genre and size of projects the Association assists. This will hopefully encourage them to contact the Association if they have projects in need of help. Page 4

The Little Way Association Trustees, Report Organisation and Governance of the Association The Association is governed by the Trustees with the assistance of a small number of full and part time staff and a number of unpaid volunteers both in the UK and overseas. The executive Committee, currently consisting of President, Vice-Presidenl, Treasurer and Secretary, are also officers of the Associab'on under the terms of the Conslitub'on. The day to day running of the Association is d1￿Cted by the President, who consults the executive Committee when appropriate. She liaises with the Trustees and attends their meetings, which tske place al Sacred Heart House. The paid staff work in various administrative roles at Sacred Heart House. The activities carried out by the UK volunteers are administrative or clerical at Sacred Heart House, and include hospilalily, encouraging prayer for the missions, and promoting the message of St Therese at the Association's Centre in Walsingham. Grant making policy The projects for which The Little Way Association fundraises and allocates grants are missionary, religious or humanitarian projects under the auspices of the Roman Catholic Church. The allocation of grants is made in accordance with the charitsble purposes and objectives of the charity. Priorities for support The number of projects that can be supported is ne￿sSarilY limited by the amount of funds that are available for distribution each year. The priorities for support will be reviewed from time to lime and may be changed depending upon circuMstan￿S and the perceived effectiveness of the application of funds. Any change to these priorities musl still fulfil the charitable purpose and objectives of the charity. The Association will consider any requests or known situations that are eligible for consideration.. . from any geographical area overseas,. from organisalions. Each request or situation will be considered on its own merits. Sufficient due diligen￿ will be carried out lo ensure that the request or situation meets both the charitable purposes, and the objectives of the charity. Applicant due diligence Sufficient due diligence will be carried out on any potential beneficiary lo ensure.. The Identity of the beneficiary., That funds are applied In accordan￿ with the charity's charitable purpose,. That funds are not knowingly used for.. o Money laundering in accordance with the operative Money Laundering regulations o Tetrorisl financing in accordance with the Terrorist Act 2000", o Bribery in accordance with the 2010 Bribery Act. A risk-rated approach to due diligence will be adopted. Risk faelors will include". the size of the grant the country of residence of the proposed ￿t1plent the geographical location in which the grant will be applied the nature of the relationship be￿een the charity and the applicant. Grant size will be an important risk factor and, the larger the grant, the greater will be the likely level of due diligence undertaken. Where the proposed beneficiary is well known lo the Association and the relationship has been long standing and well established, the amount of due diligence undertaken is likely to be reduced. The results of any due diligence will not last indefinitely. In cases where beneficiaries are supported for a significant period of time, additional due diligence will be undertaken if there is a change of circumStan￿S that might impact the beneficiary. Page 5

The Little Way Association Trustees, Report Administration For smaller grants, requests may be made informally. Where specific needs or situations are known, grants may be made at the discretion of the President without any form of request. For larger grants, the charity should be confident.. Of the purpose of the proposed grant including an understanding of the work and the way in which the gonl will be managed and applied", Of the personlsl responsible for the management of the grant and for overseeing the work", That all local applicable laws and working practices associated with the work are fully and properly applied, That suitable safeguarding policies a￿ in place in cases where the applicant works with children or vulnerable adults. Applicants are required lo complete a form, which has a number of undertakings to sign up to. Unless satisfactory responses lo our slipulalions are received, a grant will not be allocated. With the agreement of the charity and the beneficiary, grants will be provided by means of an electronic banking transfer or a cheque. The charity's normal payment aulhorisalion prO￿sS will be applied to any payments. Where the grant is for a specified project or purpose, and in situations where that project does not proceed or where any grant or part thereof remains unused, unused funds musl be returned. Where formal written applications have been received, or other records maintained, these will be stored and subsequently disposed of in accordan￿ with the charity's policy on data protection and prevailing Data Protection legislation. Decision making The decision of the President on whether lo award a grant Is final. The Association Is not obliged to provide an explanation to applicants in the event that their application is not successful Review of the Year Income Our income for the financial year in question was £3,206,770. 11 can be calegorised in this way.. Particulars AmountlQ Donation for specific wrposes 844,579 General donations 2,362,191 Page 6

The Little Way Association Trustees, Report General donations allow us the freedom to use the funds when and where there is the greatest need, so we have been able to supplement every one of OLJr project categories. Our income can also be calegorised in this way.. Particulars Amounrf£) Non-legacy income, e_g, postal appeals, a(fverstising, online 1,535,729 Legacies 1.671.041 Legacies are a fitting testimonial to our supporters, generous cOn￿M for people in need and will enable us to continue funding missionaries and their projects for a number of years. Expenditure Most of the requests for grants that we receive come from archbishops, bishops, priests and religious of the Catholic Church in Africa, Asia and Latin America. Grants are only made lo projects that not only have the endorsement of the local Church hierarchy, but also which will be monitored and overseen by them. Fund Needs of missionaries and evangelisation Hungry. sick. dewNed and re￿geeS IHSDI StaNn abandoned and nee children Mission cha els Little Way Priests and Sisters of St Therese Seminarians, upkeep and training Mass stipends Wells and water projects Sanitation wo ects Natufal disasters Arnount 655.576 366.126 302,488 494.862 240.135 223.108 478.476 165.833 39.267 67,690 The IHSDI fund Is for people in great povety, who are unable lo eam a living wage, who are sick but who cannot afford essential medicine, who have had to flee their homes because of warfare or intoleran￿, or who have become frail through age but have no family to support them, including leprosy sufferers. The Needy Children fund benefits orphanages, schools, and feeding programmes for the malnourished. This category also includes nurseries and care-homes for children who have lost both parents to the AIDS epidemie in developing countries, abandoned and street children Page 7

The Little Way Association Trustees, Report The Needs of Missionaries and Evangelisation fund assists with the financial costs of the missionary outreach of priests and religious sisters, to help with the training and maintenance of calechists, who play a vital role in large missionary parishes, and to provide facilities for the care for sick and retired missionaries. The Wells and water fund SUPF)Orts projects which provide safe, clean water lo villages, schools, parish houses, and ￿ligIouS communities. The Sanitation fund helps to build toilets for schools and other buildings seNing the community especially where children and vulnerable people were forced to use insanitary shacks, or even open ground, for their needs. The Little Way Priests and Sisters of St Therese fund supports the maintenance and training of the novices, sisters, seminarians and priests of the missionary congregations and the upkeep of their religious houses. The Mission Chapels fund supports isolated villages or groups of Calholics who were trying to build chapel for their community and who were loo poor to buy some or all of the materials needed. In many cases, the local people build the foundations and walls bul come lo us for the roofing, which can be the most expensive part of the project. Communities are thus provided with a dignified pla￿ for the celebration of Mass, which can also be used for devotions, catechesis and other parish activities. The Seminarians fund helps with the rna1ntenan￿ costs of young men who wish to train for the priesthood but whose families are loo poor to contribute. The Mass stipends fund sends money to priests working in parishes which are unable lo support them. The priests who receive the stipends offer the Mass for the donors, inlenlions. Mass offerings help priests in mission lands lo meet basic needs such as food, clothing and shelter. Also, the poor and deprived people often turn lo their clergy for assistance. As well as conveying our donors, individual intentions and stipends to mission priests. we have been able lo ensure that we fulfil our promise lo have Mass offered regularly for all our supporters, living and deceased, both in our chapel and around the world. Natural Disasters Fund Turkeylsyria Earthquake: Funds were sent through the Apostolic Nuncio lo Syria lo provide relief for the suffering victims. AVSI Foundation distributed blankets, winter clothing, food kits and medicines lo those living in tempoory shellerslcamps. Also to the Marist Foundation where volunteers distributed food parcels lo people left homeless," provided hol meals for lonely elderly people, and milk for over 3,000 children. North India Floods.. Unprecedented rainfall caused severe flooding in low-lying villages and slums in Mulugu District, Telangana causing many thousands lo lake refuge in temporary shelters and make-shift camps. Crops, houses and cattle were washed away. Funds were sent to the Brothers of the Sacred Heart to provide non-perishable food items, medical kits, protective clothing to affected families, freshly cooked food to eldedy and disabled persons., educational supplies for children. Flash floods eaused by Tropical Cyclone Freddy- Funds were sent through the Archd10￿se of Lilongwe, Malawi for the distribution of food, clothes and water, and to the vin￿ntian Fathers for re-building of homes severely damaged by flood waters. Page 8

The Little Way Association Trustees, Report Ethos and trends Since the Association's foundation, Catholic practice in Britain and Ireland has declined, making our future less than assured. We continue to receive notifications of our donors, deaths and, while such sad events may yield legacy income, it obviously indicates the permanent end of a donor-charity relationship. Glob81 events Sin￿ the conclusion of the year upon which we are reporting have confirmed the importance of charities, reserves to meet new, unexpected needs. As covid appeared to be coming under control, so the wodd economy look a further turn for the worse. That, combined with international conflict, means that pri￿S are rising and some populations are displaced. In this un￿rtain worfd, the Association's resetves are being drawn upon lo help the needy, and we continue to petition our loyal donors Ilhemselves no doubl feeling the pinch) for assistance. Prayer for the Missions and devotion to St Therese of Lisieux The Association is not just an overseas aid charity. 11 also exists to foster knowledge of, and devotion to, Sl Therese of Lisieux. Our publicity material contains many references lo her and lo her spirituality. Realising how much missionaries need the support of prayer, The Little Way Association helps lo fulfil this need by regular Mass, recitation of the Rosary and Adoration of the Blessed Sacrament at Sacred Heart House, and by encouraging prayer for the Missions al the Little Way Theresian Centres. As well as having Mass offered daily for all our supporters, living and de￿ased, we encourage requests for St Therese's protection and Intercession for our benefactors, staff and beneficiaries. We confidently entrust our future to our patroness and to God's providence. Reserve Policy It is the policy of the trustees to maint2in reserves at a sufficient level to meet missionary needs 2nd to provide help in the event of natural disasters and wars. The charity aims lo achieve a level of resetves lo approximately a minimum of twelve months of average expenditure. The charity has also kept sufficient liquidity in ils long term commitment towards the continuing financial support for the upkeep of the Little Way Missionary Sisters of Sl Therese, seminarians and priests. Trustees The current Iruslees are listed on page 1. Appointment of trustees is governed by the Trust Deed., the Board of Trustees is authorised lo appoint new Iruslees or to fill vacancies arising through the resignation or death of an existing Iruslee. Page 9

The Little Way Association Trustees, Report Statement of Trustees. Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordan￿ with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable lo charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resoLJrces of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitsble accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent", slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial ststemenls comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the conslilulion. The trustees are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Risk assessment In line with requirements for Iruslees lo undertake a risk assessment exercise and report on the same in their annual report, the Iruslees have looked al the risks the Association currently faces in Britain the measures already in place, or needing lo be pul in place, lo deal with them. Having assessed the major risks lo which the Charity is exposed, the trustee believe that by monitoring reserve level, by ensuring controls over key financial systems, and examining the operational and business risk faced by the charity, they have established effective systems lo mitigate those risks. Approved by the trustees of the charity on 25 June 2024 and signed on its behalf by.. Mr Dennis Chadick Trustee Page 10

The Little Way Association Independent Auditor's Report to the Members of The Little Way Association Opinion We have audited the financial statements of The Little Way Association {Ihe 'charity'l for the year ended 31 August 2023, which comprise the Statement of Financial Aclivilies, Balance Sheet, Cash Flow Statement, and Notes lo the Financial Slalements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally A¢￿pted Accounting Practi￿1. In our opinion the financial statements.. give a true and fair view of the stale of the charity's affairs as al 31 August 2023 and of ils results for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounb'ng Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Elhic81 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern We have nothing lo report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where". the Iruslees use of the going concern basis of accounting in the preparation of the financial slalements is not appropriate., or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue lo adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other infomiation The trustees are responsible for the other information. The other infomalion comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly stated in our report, we do not express any fotm of assurance conclusion thereon. Page 11

The Little Way Association Independent Auditor's Report to the Members of The Little Way Association In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or Othe￿￿lse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misststemenl of the other informstion. If, based on the work we have performed, we conclude that there is a material misststemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misslalemenls in the Trustees. Report. We have nothing lo report in respect of the following matters where the Charities A¢1 2011 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been eeived from branches not visited by us, or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Iruslees remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of TrLJStees' Responsibilities (set out on page 101, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inletnal control as the Iruslees determine is necessary lo enable the preparation of financi81 statements that are free from m8teri81 misstatement, whether due to fraud or error. In preparing the financial stalemenls, the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative bul lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtsin reasonable assuran￿ about whether the financial statements as a whole are free from material misslatemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo Influence the economic decisions of users taken on the basis of these financial slatemenls. As part of an audit in accordan￿ with ISAS IUKI, we exercise professional judgement and maintain professional scepticism throughout the audit. We also". Identify and assess the risks of material misstatement of the financial slatemenls, whether due lo fraud or error, design and perform audit prO￿dureS responsive lo those risks, and obtain audit eviden￿ that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Page 12

The Little Way Association Independent Auditor's Report to the Members of The Little Way Association Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that are appropriate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Iruslees. Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit eviden￿ obtained, whether a material uncertainty exists related lo events or onditions that may cast significant doubt on the charity's ability lo continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report lo the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditorfs report. However, future events or conditions may cause the charity lo cease lo continue as a going concern. Evaluate the overall presentstion, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit eviden￿ regarding the financial information of the entities or business activities within the charity to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the charity audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our rgport This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our work has been undertaken so that we might slate to the trustees those matters we are required to slate lo Iruslees in an auditors, report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. Gavin Fernandes FCA, CTA (Senior Statutory Audilorl For and on behalf of MG Audit Services Limited, Statutory Auditor 166 College Road Harrow Middlesex HA1 1BH 26/06/2024 Date............................... Page 13

The Little Way Association ststement of Financial Activities for the Year Ended 31 August 2023 Unrestricted funds Restricted funds Total 2023 Note Incomg and Endowments from: Donations and legacies Other income Investment income 2,362,191 12,955 90,267 844,579 3,206,770 12,955 90,267 Total income 2,465,413 844,579 3,309,992 Expenditure on: Raising funds Charitable activities Mass offerings Upkeep of religious cenlres Supports costs Governance costs 147,2811 11,917,700) 1318,9441 120,2031 1179,4231 29,9951 147,2811 12,589,105) 1478,4761 120,2031 1179,4231 29,995 1671,4051 1159,532} Total expenditure Gainsllosses on investment assets 2,513.546 319 830,937 3,344.483 319 Net movement in funds 148,4521 13,642 134,8101 Reconciliation of funds Total funds brought forward Total funds carried forward 9,600,764 62,570 9.863,334 17 9,552,312 76,212 9,628,524 IAS Restated) Total 2022 Unrestricted funds Restricted funds Note Income and Endowments from: Donations and legacies Other income Investment income 1,303,698 15,292 7,022 886, 133 2,189,831 15,292 7,022 Total income 1,326,012 886, 133 2,212,145 Expenditure on- Raising funds Charitable activities Mass offerings Upkeep of religious cenlres Supports costs Governance costs 142,3061 12,354,896) 1100,9231 129,2451 1160,8501 24,104 142,3061 12,937,993) 1363,3511 129,2451 1160,8501 24,104 1583,097} 1262,4281 Page 14

The Little Way Association ststement of Financial Activities for the Year Ended 31 August 2023 {As Restated) Total 2022 Unrestricted funds Restricted funds Note Total expenditure Net movement in funds 12,712,324) 1845,5251 13,557,849) 11,386,312) 40,608 11,345,704) Reconciliation of funds Total funds brought forward Total funds carried forward 10,987,076 21,962 11,009,038 17 9,600,764 62,570 9,663,334 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2022 is shown in note 17. Page 15

The Little Way Association (Registration number: 235703) Balance Sheet as at 31 August 2023 2023 2022 Note Flxed assets Tangible assets Investments 79,680 1,001,301 1,080,981 86,633 1,001.621 1,088,254 12 Current assets Debtors Cash at bank and in hand 13 189,919 8,638,772 251,120 9,043,727 8,828,691 9,294,847 Creditors: Amounts falling due within one year 14 281,148 719,767 Net current assets 8,547,543 8,575,080 Net assets 9,628,524 9,663,334 Funds ofthe charity: Restricted funds 76,212 62,570 Unrestricted income funds Unreslricled funds 9,552,312 9,600,764 Total funds 17 9,628,524 9,663,334 The financial statements on pages 14 to 47 were approved by the Iruslees, and authorised for issue on 25 June 2024 and signed on their behalf by.. Mr Dennis Chadick TrLJStee Page 16

The Little Way Association Cash Flow Ststement for the Year Ended 31 August 2023 2023 2022 Note Cash flows from operatlng actlvltles Net cash expenditure 134,8101 11,345,704) Adjustments to cash flov￿ from non<ash items Depreciation Investment income 6,gS3 90,267 7,422 7,022 1118,1241 11,345,304) Working capitsl adjustments Decrease in debtors Decrease in creditors 13 14 61,201 438.619 163,023 357.831 Net cash flows from operating activities 495.542 1,540,112 Cash flows from investing activities Interest re￿ivable and similar income Purchase of tangible fixed assets Net eash flows from investing activities Net decrease in cash and cash equivalents 90,267 7,022 2,010 90,267 5,012 1405,2751 9,043,727 11,535,100) 10,578,827 Cash and cash equivalents at 1 September Cash and cash equivalents at 31 August 8,638,452 9,043,727 Reconciliation of net cash flow to movement in net funds Decrease in cash 1404,9551 11,535,100) 9,043.727 10,578,827 Net funds at 1 September 2022 Net funds at 31 August 2023 8,638,772 9,043,727 All of the cash flows are derived from continuing operations during the above two periods. Page 17

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 1 Aeeounting policies Statement of compliance The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended Practi￿ appIl￿ble to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation The Little Way Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The charitsble activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. The Trustees are satisfied that, at the time of approving the financial statements, il is appropriate to adopt the going concern basis in preparing the financial stslemenls. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern. Judgements Cash held by agents It Is sometimes not possible to make charitable donations directly to the Missionary Societies, Dioceses and Individual priests, Sisters and Brothers. In such situations, cash Is transferred lo an agent for onward payment lo the Missionary Societies, Dioceses and individLJal priests, Sisters and Brothers. Where the charity considers that cash held by agents is still under the control of the charity and meets the definition of cash at bank and in hand as per Charities SORP IFRS1021 paragraph 10.74, then il is included within cash at bank and in hand. Income and endowments Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, il is probable that the income will be received and the amount can be measured with sufficient reliability. Page 18

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Donations and legaciTes Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date. Legacies are recognised on a case by case basis following the granting of probate when the administratorlexecutor for the estate has communicated in writing both the amount and settlement date.Where the charity has established entillemenl to a legacy bul there is uncertainty as to the amount of the payment, details of the legacy are disclosed as 8 contingent asset until the criteria for income recognition are met. Investment income Dividends are recognised On￿ the dividend has been declared and notification has been re￿iVed of the dividend due. This is normally upon notifi'cation by our investment advisor of the dividend yield in the investment portfolio. Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Expenditure All expenditure is recognised On￿ there is a legal or conslruclive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consislenl with the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds FLJndraising expenditure comprises costs involved in inducing people lo contribute financially to the charity's wotk. This indudes advertising for donations., all expenditu￿ on stationery, postage and telephones is allocated lo fundraising expenditure. Charltable aetlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Grant provisions Provisions for grants are made when the intention to make a grant has been communicated to the recipient bul there is uncertainty about either the liming of the grant or the amount of grant payable. Support costs Support costs include all expenditures not directly related lo charitable activity or fundraising. All overhead expenditures including office running costs lolher than slalionery, postage and lelephonesl, and staff salaries are allocated to support costs. Page 19

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Governance costs These include the costs attributable lo the charity's Complian￿ with conslilulional and statutory requirements, including audit, strategic management and Iruslees's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan￿ Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempl from laxalion in respect of income or capital gains re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Tangible fixed assets Tangible fixed assets for use by the charity are slated al cost less depreciation. Depreciation and amortisation Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated lo write off the cost, less estimated residual value, of each asset over its expected useful life, as follows.. Asset class Freèhold buildings Fixtures and office equipment Motor vehicles Depreciation method and rate 2 % p.a straight line 20,/0 p.a. reducing balance so￿/0 p.a. straight line Investments Investments, other than programme ￿lated investments, are included at market value al the balan sheet date. Realised gains and losses on investments are calculated as the difference belween sales proceeds and their market value al the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged lo the Statement of Financial Activities based on the market value al the year end. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according lo the original terms of the re￿1vableS. Page 20

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, al the end of the reporting period, lo defer settlement of the creditor for al least elve months after the reporting dale. If there is an unconditional right to defer settlement for at least elve months after the reporting date, they are presented as non-currenl liabilities. are recognised Inilialty at the transaction price and subsequently measured at amortised cost using the effective interest method. Foreign exchange Transactions in foreign currencies are recorded at a standard rale per month. Monetary assets and liabilities denominated In foreign currencies are translated at the rate of exchange ruling al the balan￿ sheet date. All differences are taken lo the statement of financial activities. Fund structure All voluntary income is either credited to the appropriate fund in accordance with wishes expressed by the donor, if no wishes are specified, designated by the Iruslees as income for any of the charitable purposes of the Associationor or allocated for the general running expenses of the charity. Some voluntary income is expressly to cover costs of fundraising and administration and this is shown as restricted fund expenditure on the statement of financial aclivilies. Page 21

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Unrestricted fund.. Unrestricted income funds are general funds that are available for use at the Iruslees, discretion in furtherance of the objectives of the charity. Restricted fund.. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The restricted funds comprise many different funds which fall into three main categories". general funds which are applied for the general purpose for which they were set up. appeals funds by country,. these funds are applied lo projects in the particular country. funds in respect of individual projects. General mission funds represent donations received for spiritual and evangelical projects, ie. the support of priests, Sisters and Brothers in their missionary work. Hungry, sick and deprived.. Funds given under this heading can be applied to refugees, victims of famine and general natural disasters, lepers, medical requirements, old people and generally the most deprived members of society. Children.. These funds are applied to malnourished children and the support of orphanages, schools, abandoned babies and street children. Chapel building and repairs.. Materials are provided with these funds for the building and repair of small missionary chapels. Other general funds comprise those for c8techists, seminarians, dispensaries, houses for poor people, schools, wells and water supplies. Individu81 country funds are those given for use in certain countries without specific reference to the project or the recipient. but usually these funds result in part from media focus on various parts of the world, and also our advertisements appealing for aid for eg. Sudan. The summarised movements on the funds di￿lOSed in note 17. Financial instruments Classificatio Financial assets and financial liabilities are recognised when the eharity becomes a paty lo the contractual provisions of the inslrumenl. Financial liabilities and equity instruments are classified according lo the substance of the eontmetual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 22

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costsl, except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement conslitules a financing transaction, the financial asset or financial liability is measured al the present value of the future payments discounted al a market rate of Inte￿St for a similar debt instrument. Financial assets and li8bilities are only offset in the statement of financi81 position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to setue on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are setued, bl the charity transfers to another party subslanlially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset lo another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Impoirmgnt An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference be￿een its carrying amount and the present value of the estimated future cashflows discounted al the asset's original effective interest rate. For financial instruments measured at cost less impairment an impairment is calculated as the difference between its carrying amount and the best estimate of the amount that the Charity would receive for the asset if it were to be sold at the reporting date. Interest on the impaired asset continues lo be recognised through the unwinding of the discount. Impairment losses are recognised in profit or loss. When a subsequent event causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. Page 23

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2 Income from donations and legacies Unrestricted funds Restricted funds Total 2023 Total 2022 Gengral Donations and legacies,. Donations Legacies 796,941 1,565,250 2,362,191 738,788 105,791 844,579 1,535,729 1,671.041 1,488,846 700,985 3,206,770 2,189,831 3 Income from other trading activities Total 2023 Total 2022 Other income from other trading activities 12,955 15,292 12,955 15,292 4 Investment income Total 2023 Total 2022 Interest receivable and similar income., Interest receivable on bank deposits 90,267 7,022 5 Expenditure on raising funds 2022 2022 Stationary, printing and postage Advertising 27,426 19,855 24,962 17,344 47,281 42,306 Page 24

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 6 Charitable donations The charitable donations were paid lo many different Missionary Societies, DI0￿SeS and individual priests. Sisters and Brothers, to be used in carrying OLJt missionary and other charitable work in many countries. Listed below are amounts paid to Missionary Societies, Di0￿seS and individLJal priests, Sisters and Brothers. 2023 2022 Adraa Agriculture College ALCPIOSS Anbagam Trust AF)oslolic Nunciature Eritrea Apostolic Vicariate of Yurimaguas Archbishop of Colombo Archbishop of Yangon Archdiocese of Durban Archdiocese of Ivano-Frankivsk Archdiocese of Mandalay Archdiocese of Trivandrum Archeveche Maronite De Jbeil ASN Uzima Centre Associacao Brasil - IVE Bangalore Rural Educational & Devt Society B8nyalerez8 Sisters Grant Baraza La Walei Parokia Ya Ifakara Basa Generalizia Sociela dell. Aposlolato Benedictine Srs of Kawekamo Mwanza Bethlehem Project Foundation Bishop of Mannar Bishop of Trincomalee Bogdan Grygorak, Diozese Buchach Bosco ITC Society Brothers of Christian Instruction Brothers of St. Chades Lwanga Project Bukoba Catholic Di0￿Se Caritas - Di0￿Se of Chinhoyi C8rit8s Mongolia Caritas Pakistan Carmelgiri Sl. Joseph's Pontifical Seminary Casa GenefftlEia Societa dell, Apostolato Catholic Church Lae Catholic Church of Hawassa Catholic Diocese of Homa Bay 3,348 13,324 1,275 10,510 9,749 9,500 14,623 9,000 49,963 399,449 26,000 3,679 6,000 18,822 6,659 5,440 7,765 4,963 4,050 11,600 6,000 7,600 19,985 6,000 6,635 4,000 4,413 18,800 10,000 92,914 28,000 4,988 59,000 4,904 4,800 2,870 9,639 64,283 240,939 4,166 8,362 17,230 Page 25

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Catholic Diocese of Ifakara Catholic Diocese of Kigoma Catholic Diocese of Kilale Catholic Diocese of Klerksdorp Catholic Diocese of Livingstone Catholic Diocese of Mbulu Catholic Mission Clarelian Missionaries Catholic Sannthaen Suguja Utlar Purab Parikshetra Centre for Education and Empowerment of the M8rginalised Chemin Neuf Institute Claret Bhavan Minor Seminary of the Claretian Congregation Congregacao dos Missionarios de Sao Francisco de Sales Congregacion de la Mision Padres vI￿ntIn0$ Congregacion Hermanas de Nazarel Congregation des Missionnaries de Scheut A.S.B.L. Congregation du Saint-Espril. Procure des Missions Congregation of the Brothers of Sl. Michael Congregation of the Holy Spirit Congregation of the Sons of Divine Conscription des Salesiens Don Bosco Consolala Fathers Daughters of Divine Love Congregation Daughters of the Cross Rourkela De I, Association du Saint Esprit et du Saint Coeur de Marie Dedza Diocese Dharmapuri Sacred Heart Diocesan Trust Diocesan Corporation of Jabalpur Diocese Anse-a-veau el Miragoane Diocese of Adilabad Society Diocese of Butembo-Beni Diocese of Chinglepul Society Diocese of Gbarnga Diocese of Kabwe Diocese of Mahenge DioTrse of Marthandom Diocese of Morogoro Diocese of Musoma Di(Icese of Nellore Society Diocese of Shinyanga Diocese of Thuckalay DioTrse of Trivandrum Diocese of Tunduru Masasi 7,361 8,328 5,199 1,725 5,870 9,556 5,891 16,000 5,000 6,430 16,000 7,500 8,328 25,678 25,775 10,000 9,993 3,600 10,000 6,500 15,117 15,654 21,000 6,950 11,373 7,000 10,000 37,500 6,960 1,500 4,164 10,000 3,257 1,798 4,873 10,000 20,200 10,000 3,360 6,247 10,000 10,000 5,069 4,500 4,616 6,189 17,247 6,079 9,553 12,088 6,000 20,231 8,464 Page 26

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Diocese Sambir Drohobych Diocese Tete DioTrsis de Ipiales Diozese Kolomyia Divine Mercy Minor Seminary Divine Word Missionaries Dominican Sisters Dong Con Duc Me Vo Nhiem ECAR Mission Sainte Trinile Antohomadinka ECS Catholic Eparchy of Emdeber ECS-Aposlolic Vicariale of Nekemle ECS-Capuchin Provine Episcopia Romana Unila cu Roma Elabilissement EPC Nolre Dame de la Consolala Foundazione AVSI Franciscan Missionaries for Africa Franciscan Missionaries of Hope F￿ncIscan Missionary Sisters for Africa Franciscan Missionary Sisters of the Sacred Heart Franciscan Sisters of Sl. Anna Fffinciscan Sisters of Sl. Joseph Franciscan Sisters of Sl. Joseph Society Franciscan Sisters of the Immaculate Franjevacka Teologija u Sarajevu Samostsn Fransalian Community of Malawi Grodzienska Rzym-Kat DIa￿zIa Guardian Angel Nursery School Hangop Kabataan Foundation Heralds of Good News Socio Educational Society His Grace Archbishop Mang Thang Holy Cross Fathers Holy Spirit Sisters Ibn-e-mariam Dominican Order Id de Cristo Redenlor IHSA Generalale Infant Jesus Sisters Insituto Religioso Missionario da Consolata Institut des Apolres du Sacre Coeur de Jesus Instulo delle Suore Missionarie Pie Madri della Nigrizia Jesuit Mission Jesuit Refugee Service Karnalaka Fransalian Society 41,635 17,218 11,496 29,189 34,500 6,745 20,000 22,598 5,000 7,650 5,400 5,000 7,000 8,324 25,107 5,371 10,000 6,887 5,108 10,000 6,500 5,297 16,495 8,324 1,410 38,386 1,000 5,000 1,473 4,062 14,000 5,039 8,000 4,21 S 4,009 1,666 3,063 14,544 4,284 326,230 20,326 15,000 11,321 5,652 12,000 6,500 7,408 Page 27

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Kerala Social servI￿s Forum Khandwa DI0￿Se Klasztor Zakonu Braci Mniejszych Kapucynow Kotido Diocese Lighano Monastery Formation Little Servants of the Sacred Heart Little Sisters of Sl. Francis Mahenge DI0￿Se Dar-Es-Salaam M8riam Dominican Order Mariannhill Mission Institute Medecins Sans Frontiers IUKI Mill Hill Missionaries Miss. De St. Francois de Sales Missionaries of Compassion Social Servi Missionary Community of St. Paul Montfort Brothers of St. Gabriel Montfort Missionaries Delegation Mzuzu Diocese Nalgonda DI0￿Se Society Passionist Fathers of Sl. Charfes Lwanga Piarist Fathers Pilar Seminary Society Pontifical Mission Societies Poor Clare Monastery- San Pedro Prelalure de Sicuani Province of Our Mother of Good Counsel Rev. Fr. Drago Berisic Rimskokalolicka Cirkev Biskupstvo Rodina Panny Marie Roman Catholic DI0￿Se of Tiruchirappalli Rulenge-Ngar8 Catholic Diocese Sacred Heart Sisters Mayo SDCO-Dhadim Catholic School Seva Missionary Sisters of Mary Sisters of Our Lady of Kilimanjaro Sisters of Our Lady Queen of the Apostles Sisters of the Blessed Virgin Sisters of the Immaculate Heart of Mary Sivagangai Multipurpose Social servI￿s Society Society for Human Development Society of African Mission Society of Calh MM de Africa 12,700 1,070 5,560 3,350 5,891 8,200 12,106 10,000 17,319 5,000 45,000 5,000 18,394 6,695 22,388 16,896 31,632 3,573 1,234 7,740 4,699 28,000 22,000 6,000 62,521 25,775 600 4,257 13,741 9,940 14,200 6,000 3,000 8,124 6,700 1,872 7,000 4,530 8,600 44,000 1,499 5,000 5,000 3,474 2,900 17,006 17,194 7,000 19,636 880 3,496 4,500 Page 28

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Society of Daughters of Mary Immaculate and Collaborators Society of Sisters of St. Anne's Society of the Sisters of the Sacred Heart of Jesus South Kerala Provin￿ IOCDI Sl. Joseph's Home Sl. Joseph's Hospi Sl. Patrick's Catholic Parish Sl. Pelerfs Pontifical Seminary The Augustinian Society The Capuchin Province of Ethiopia The Catholic Archdiocese of Tabora The Catholic Diocese of Rourkela The Coimbalore Di0￿Se Society The Congregation of the Missionary Sisters of the Sacred Heart The Fathers of Holy Cross The Immaculate Heart of Mary The Malabar Missionary Brothers The Nagpur Fransalian Corporation The Pious Workers Rural Catechists The Redemplorists The Sacred Heart Brothers The Salem Diocese Society The Society of Christu Jyothi Sisters The Spiritans The Srikakulam Di0￿Se Society The Verona Fathers Procure Vanimo Diocese Setvices Vincentian Andhra Society VZW Fracarila Wayanad Social Service Society Zelaman Sisters of the Little Flower Zomba DioTrse Masses Others Apostles of Jesus Apostles of Jesus Kenya Region AF)oslolic Prefecture of Jimma-Bong8 Apostolic Vicariate Ngong Archdiocese of Mwanza Archdiocese of Songea Arco Associacao Benefi￿nte Asc. de Hermanas Franciscanas de la Inmaculada Concepcion 8,414 5,000 4,000 10,000 3,040 6,819 50,000 5,900 8,369 10,409 6,000 2,620 1,600 5,021 20,140 5,000 1,200 14,733 3,553 18,817 6,590 7,112 7,000 2,100 7,800 6,660 8,000 3,379 16,950 29,110 2,929 5,147 363,351 11,070 7,000 30,000 14,855 31,235 6,600 478,476 9,271 7,739 9,467 7,350 12,850 15,398 5,222 12,130 112,525 Page 29

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Asociacion Congregacion Hermanas de Nazaret Assumption Sisters of Eldorel Assumption Sisters of Nairobi Auxilium Reach Out Birzeit Parish Brothers of Sacred Heart of Jesus CAM Caritas Mombasa Caritss -Diocese of Chinhoyi C8rit8s -Diocese of Mafftlal Caritas Pakistan Islamabad Rawalpindi Casa de Los Pobres Cath MM de Africa Catholic Diocese of Damongo Catholic Diocese of Ilorin Catholic Diocese of Khamman Catholic Diocese of Lokoja Catholic Diocese of Maralal Catholic Diocese of Muranga Catholic Diocese of Ngong Capital Catholic National Commission for Liturgy and Culture CDCOM-PMS Projects Chemin Neuf Institute - Philippines Chittor MSSS Cuddapah Diocese Comboni Missionary Sisters Congregacao Missionario Sao Francisco de Sales Congregation of the Mission Congregation of the Passion Congregation of the Regular Tertiary Franciscan Sisters Conlemplalive Evangelizers Theologate D.O.M. Redemplorists Daughters of Charity of SVP Daughters of Sl. Anne De L'Associalion du Saint el du Saint Coeur de Marie Diocese of Abilabad Society GE DioTrse of Bunda Diocese of Imphal Diocese of Kakamega Programmes Di(Icese of Kalaymyo Diocese of Kitui Diocese of Lodwar DioTrse of Mansa Diocese of Mbeya 15,708 3,439 6,293 10,421 6,000 10,421 12,500 6,426 2,627 12,000 12,130 5,000 8,000 7,500 1,200 110,000 10,000 6,079 6,000 10,000 4,000 18,000 11,400 10,000 8,802 16,064 2,800 3,772 9,800 5,000 12,048 4,713 11,865 1,200 12,352 21,460 7,000 36,948 20,000 5,400 5,210 3,558 Page 30

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Diocese of Mbinga Diocese of Oeiras DioTrse of Rumbek Diocese of Sindhudurg Diocese of Singida Diocese of Vellore Diocesis de San Jacinto Dioeese of Trivandrum Divine Mercy Sisters Divine Word Education Society Dominican Sisters Regional Account Don Bosco Trust DSH - Sacred Heart Dispensary ECAR Sisters of the Destitute ECAR Soeurs Trinitaires de Rome Maison de Fomalion ECE- The Capuchin Province of Ethiopia ECS Apostolic Vicariale of Nekemle ECS Divine Providence Sisters Episcopal conferen￿ - Euro Federacion de Clarisas de Colombia Fondation Bethleem Project Fondazione AVSI Fondazione Marista per la Solidariela Fondazione Marista per la Solidariela Internazaionale Onlus Fr John Kennedy Franciscan Missionaries of Mary Franciscan Sisters of Sl. Aloysius Gonzaga FLJnd8cao Beata Nae Clara Grodzienska Rzym-Kat Diecezja Gulu Archd10￿se HCH Youth Project HHCJ Kenya Region Fund Holy Rosary Sisters Immaculate Heart of Mary Immaculate Heart of Mary Society Incarnate Word Sisters St. Mary's Islitulo Missioni Consolata Islitulo Suore Missionarie Pie Madri della Nigrizia Jyolhir Vikasa Kalay DI0￿Se Tonzang Kayanga Catholic Diocese Kottar Social Service Society 7,193 4,016 9,770 12,272 6,728 2,098 16,173 5,900 12,352 6,000 10,000 8,565 12,036 8,895 10,000 8,769 2,647 7,500 11,833 8,332 9,574 21,851 8,548 24,838 1,500 2,090 6,000 4,288 60,076 12,267 2,200 9,000 6,400 2,611 10,515 12,000 32,717 16,352 4,401 4,973 7,778 20,192 Page 31

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Kresy Wspolnym DziedZic￿eM Little Daughters Little Sisters of Saint Francis Little Sisters of Sl. Joseph Little Sisters Pokot Malankar8 Catholic ChLJrch Society Masisla wa Benedictine Ml. Agnes Masista wa Upendo wa Mtakab'fu Fransisko Mill Hill Philippines Inc. Misioneras de Cristo Maestro Missionaire de Saint Francois De Sales Missionaries of Africa Missionary Benedictine Sisters Missionary Community of St. Paul the Apostle Missionary Congregation of the Evangelizing Sisters of Mary Tikit Missionary Sisters of the Cross Missionary Sisters of the Cross Missionary Sisters of the Holy Family Missionary Sisters of the Holy Rosary Missionary Society of Sl. Francis de Sales Nazareth House Children Nazareth Sisters Nlungamo Major Seminary Obispado de Arica Oblates of Mary Immaculate Oblates of Mary Immaculate Society Our Lady of Mount Carmel P811ottine Parish Dev. Passionist Sisters of Sl. Paul Children's Home Prelalura de Sicuani Procura Generale delle Missioni Procura Generale dell'lslitulo dello Spirito Santo R.C. Archd10￿se of Calcutta R.C. Diocese of Madurai R.C. Diocese of Sivagangai R.C. Diocese of Sivagangai Redemplorisl Fathers Roman Catholic Bishop of Jaffna Seminario Mayor La Providencia Sister of Nigrizia Sisters of Charity of St. Vin￿nt de Paul Sisters of Mary 30,807 7,000 6,700 5,000 5,960 20,000 5,681 18,894 4,020 16,173 19,277 9,798 10,000 2,245 10,000 4,713 10,000 8,040 9,207 8,802 2,820 3,439 7,050 17,651 7,100 43,422 4,144 7,889 5,000 15,987 24,000 30,038 10,000 10,000 6,500 5,000 24,564 6,670 8,802 9,372 7,000 10,000 Page 32

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 2023 2022 Sisters of Mary Mother of God Sisters of Our Lady Queen of Africa Sisters of OLJr Lady Queen of the Sisters of Sl. Charles Borromeo Sisters of Sl. Paul MSP Social Service Centre Society of African Missions SOFIA Sl. Joseph National Major Seminary Sl. Matthias Mulumba Senior Seminary Sl. Paul Brothers Sl. Thomas AqLJinas Seminary Tertiary Sisters of Saint Francis The Angelic Sisters of St. Paul The Congregation of the Brothers of Sl. Michale The Diocese of Nellore The Diocese of Nellore Society The Discalced Carmelite Multipurpose Social Service Society The Divine Love Ltd The Franciscan Missinonary Sisters of the Sacred Heart The MPSSS of Diocese KDP The Roman Catholic Diocese The Society of Servants of God The Society of Sisters of Maria Auxilium The Society of Sl. Columban for Foreign Missions The Society of the Fathers of Holy Cross The Uganda Capuchin Service Institute Ltd The Verona Fathers Kampala Vicarial Apostolique Des Latins Vincentian Marina Youth W8rang81 Diocesan Society Welcome Home Foundation Inc Yohani Merlini Nursery Zusters Van Liefde Van JMV Cent. Others 6,500 7,000 5,222 12,466 7,760 6,740 7,760 9,348 6,178 8,200 7,760 8,599 4,448 20,217 2,900 1,950 7,850 2,750 3,825 4,895 9,000 1,150 3,300 6,000 10,000 9,630 10,321 2,611 69,803 3,350 1,245 4,680 5,782 3,433 27,858 3,067,580 3,301,344 Page 33

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 7 Support Costs 2023 2022 Note Staff costs Depreciation Premises costs Foreign currency Igainl loss Insurance Enlhuss fees Other administrative expenses 85,813 7,112 34,980 19,955 129,928 7,422 22,410 125,8331 4,467 4,735 17,721 9,519 22,044 179,423 160,850 8 Governance costs 2023 2022 Financial ststement audit fees Accounting fee paid lo auditor Legal & professional costs 4,500 4,500 20,995 4,500 4,500 15,104 29,995 24,104 Page 34

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 9 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 10 Staff costs The aggregate payroll costs were as follows". 2023 2022 W8ges and s81aries Social security costs Pension costs 75,063 4,478 6,272 116,954 6,231 6,743 85,813 129,928 The monthly average number of persons lincluding senior management team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 No 2022 No Monthly average number of employees No employee received employee benefits (excluding employer pension costs) of more than £60,000 during the current year and comparative year. The total remuneration and employee benefits of the key management personnel of the charity were £44,81312022 - £42,227). 11 Tangible fixed assets Furniture and equipment Land and buildings Motor vehicles Total Cost Al 1 September 2022 326,268 29,057 580 355,905 Al 31 August 2023 326,268 29,057 580 355,905 Depreciation Al 1 September 2022 Charge for the year 241,623 6,526 27,069 427 580 289,272 6,953 Al 31 August 2023 248,149 27,496 580 276,225 Page 35

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Furniture and equipment Land and buildings Motor vehicles Total Net book value Al 31 August 2023 78,119 1,561 79,880 Al 31 August 2022 84,645 1,988 86,633 12 Investments 2023 2022 Other investments 1,001,301 1,001,621 Listed investments Unlisted investments Total Cost or Valuation Al 1 September 2022 Revaluation 1,621 3201 1,000,000 1,001,621 13201 Al 31 August 2023 Net book value 1,301 1,000,000 1,001,301 Al 31 August 2023 1,301 1,000,000 1,001,301 Al 31 August 2022 1,621 1,000,000 1,001,621 13 Debtors 2023 2022 Gift Aid Debtors Legacies Re￿1vable Other debtors 21,109 142,503 26,307 48,488 195,632 7,000 189,919 251,120 14 Creditors: amounts falling due within one year 2023 2022 Donations payable Other creditors Accruals 269,174 11,694 280 706,602 12,369 796 281,148 719,767 Page 36

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 15 Taxation The Little Way Association, as a registered charity, is exempt from taxation on its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to ils charitable objectives. No tax charge has arisen in the year. Page 37

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 16 Pension scheme Scottish Voluntary Sector Pension Scheme Actuarial valuation at 30 September 2020 Final results tpt Retirement Solutions 15 September 2021 Dear Maria We ar@ writin8 to you to share the 8ood news that the Trustee and Ernploy@r Committee IECI have 5at15factorily toneluded the 2020 actuarial Valuation for the Scottish Voluntary Sector Pension Scheme Ithe Schemel- Please feel free to Share thi5 update with your colleagues who may also have an interest updated funding information for the Scheme. This update provide5 the headline re5LEIt5 and information. A further communication will be issued to you setting out your organi5atiorb'5 own contribution details in due course. TPT will be h05ting an online Employer Forum on 30 September to present the valuation results and answer any questions you may have. If you haven't already registered. detai15 are available below. What is a valuation. A valuation 15 a three yearly check on the funding progre55 of the Scheme, in which we compare the value of member5. benefrt5 Ithe liabilities) against the value of the 55etS. Page 38

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Where 8 deficit is identified a5 part of the valuation pr(Ke55, the Trustee must put in a place a recovery plan. This sets out the contrlbutlons payable by employers to remove the deficit over time. The valuation a150 inform5 deci510Tr5 on the Scheme's investment 5trate8y. More details are avallable In our valuation five-minule uide. Valuation outcome The results of the valuation on the Technical Provisions (also referred to as'ongoing funding'l ba515-which a55ume5 the Scheme continue5 in its current format and employers continue to provide funding through contributions- are set out below. long with comparative results from the 2017 valuation. Funding level 82% Deficit l£ml 25.9 BO September 2017 30 September 2020 6.67 The Scheme'5 funding level and deficit has seen a positive improvement Sin￿ the 2017 valtjation. The main rea50n5 for the change are.. the payment of deflclt contrlbutlons over the perfod; the significant protection provided by the Scheme's hedging strategy which ha5 protected the Scheme from falling gilt yield5 and minimi5ed the impart on fundln& and a change to how the 'orphan liabilities, are valued for those employers that have withdr8wn from the Scheme to align with the Technical Provishons fundlng basls rather than the Buy-out basls. These items have been partially offset by a fall in government bond yields, which drive the rate Used to value future expected benefit payments. the effect of the government's recent RPI reforms and an Improvement to member commutatlon fartors. The combined result is an increase in the value of the Scheme liabilities. Page 39

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 R•covary plan and deficit contributions Where a doficit is identified as part of the valuation process. the Trustee must set a recovery plan to fund the deficit. Employers have been making payments under a recovery plan to fund the £25.9rTb dehcit identrfied at the 2017 valuation. These were set at £1.54rrb p.a. from l April 2019 lincreasing at 3% p.a.l. At the 2020 valuation. it 15 very pleasing to report th8t the Scheme's deticit h•s redu¢ed to £6.67m. The Trtjstee. tsking advice from the Artuary. and follokwng consultation with and the 5UPPOrt of the EC. will now implement a new recovery plan. Under the new plan, the total d•ficil contributions du• from •rnploy•rs will from l April 2022 and each employerfs share of the new amount will rontinue to be based on its own per¢entage share of the S¢heme's IlabllStles. The deficit contributions will be c.£1.4m p.a from l April 2022. increa54ng at 3% p.a. at each subsequent l April. The recovery plan end date based on the lower deficwt contrlbutions is 31 july 2024. This replaces the existing end date of 30 September 2027. This could mean an end to deficSt contrlbution payments before the Impact of the next valuation at 30 September 2023 is known. However. the Trustee will monitor progre55 and keep employers updated if it is experted that there will be further deficit payments required following the 2023 valuation. Your deficlt and expense ¢ontrlbutlon We will be wrrting to YOU Separately to provide details of the deficit contribution5 due from l April 2022. At thi5 stage, Scherne expen5e5 are Still under review and tt will be later in the year before we are able to confirm expense costs. Deficit contributions will be allocated in the same way as at the 2017 valuation. on 8 percentage'share of liabili￿ ba515. based on each employer'5 percentage Share of the Scheme's li3bilitie5. For example, if the benefits for an employei'5 membership represent 1% of the Scheme'5 liab51itie5, then the employer would pay 1% of the total deficit contribution5 due under the recovery plan. Page 40

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Employers should note that any change in their membership profile since the 2017 valuatlon wlll Impact on their new percentage share of the total Ilabllltles. ThSs could mean that the amount an employer Is requSred to pay could be more or less than before, however, initial calculations show that the majoiity of employers should see redurtion in deficit contribution5. However, if you are concerned that your organi5atiori 15 not able to afford the full level of deficit contribution5. detai15 of our affordability appeals proce55 will be provided. For additional information please See the further information document. Page 41

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 17 Funds Balance at Balance at 31 August 2023 September 2022 Incoming resources Resources expended Unrestrlcted funds General General Fund 9,600,764 2,465,413 (2,513,865) 9,552,312 Restricted funds Catechists Hungry, Sick, Deprived & Refugees IHSDI 4,506 14,5061 189,976 1189,9761 Needs of Missionaries & EvangelisationlLWAI Little Way Admin income Little Way Priests ILWPI and Sisters ILWSI 7,875 27,858 {7,875} 127,8581 31,416 131,4161 maintenan￿ of Sacred Heart House ISHHI 62,570 19,202 82,888 47,082 103,159 6,058 28,825 114,257 21,945 159,532 {5,5601 182,8881 147,0821 1103,1591 16,0581 128,8251 1114,2571 121,9451 1159,5321 76,212 Mission Chapels Natural Disast Starving, Abandoned & Needy Children S8nltalion Projects Seminarians, ukeep and training Water Projects Other General Funds Mass Offerings Total restricted funds 62,570 844,579 830,9371 76,212 Total funds 9,663,334 3,309,992 3,344,802 9,628,524 Page 42

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 Balance at Balance at 31 August 2022 September 2021 Incoming resources Resources expended 2022 As Restated Unrestricted funds General General Fund 10,987,076 1,326,012 {2,712,3241 9,600,764 Restricted funds Catechists Hungry, Sick, Deprived & Refugees IHSDI 2,894 12,8941 199,223 1199,2231 Needs of Missionaries & EvangelisationlLWAI Little Way Admin income Little Way Priests ILWPI and Sisters ILVVSI 50,275 33,190 150,2751 133,1901 37,691 137,6911 maintenan￿ of Sacred Heart House ISHHI 21,962 44,112 36,819 22,079 134,202 8,976 28,419 25,825 262,428 {3,504} 136,8191 122,0791 1134,2021 18,9761 128,4191 125,8251 262,4281 62,570 Mission Chapels Natural Disast Starving, Abandoned & Needy Children Sanitation Projects Seminarians, ukeep and training Water Projects Mass Offerings Total restricted funds 21,962 886,133 845,525 62,570 Total funds 11,009,038 13,557,849 2,212,145 ￿ 9,863,334 Page 43

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 18 Prior Period Adjustment. Restricted and Unrestricted Funds The Charity has different categories of Reslricled funds which they receive donations and legacies by way of appeal. The other donation and legacies received does not contain any donor conditions lo be satisfied as il is classified as unrestricted income. In the prior year and the preceding years, the amount of expenditure made in the activities listed in the Restricted funds were disclosed together in the same category. The difference between Restriced income and expenditure was shown as transfer from the Unreslricled funds to Restricted funds in the Statement of Financial Activities ISOFAI. During the current year we have classified only the expenditu￿ which direcuy pertains lo the income received in the Restricted category as reslricled expenditure in the SOFA. The comparative numbers in the current year's accounts have been restated so as lo correctly present the restricted expenditure categories. Page 44

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 19 Anatysis of net assets between funds Unrestricted funds Total funds at 31 August 2023 Restricted funds General Tangible fixed assets Investments Current assets Current liabilities 79,680 1,001,301 8,752,479 1281,1471 9,552,313 79,680 1,001,301 8,828,691 1281,1471 9,628.525 76,212 Total nel assets 76,212 Unrestricted funds Total funds at 31 August 2022 Restricted funds General Tangible fixed assets Investments Current assets Current liabilities 86,633 1,001,621 9,232,277 719,767 86,633 1,001,621 9,294,847 719.767 62,570 Total nel assets 9,600,764 62,570 9,663,334 Page 45

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 20 Anatysis of net funds At1 September 2022 At 31 August 2023 Cash flow Cash at bank and in hand 9,043,727 1404,955} 8,638,772 Net debt 9,043,727 1404,9551 8,638,772 September 2021 At 31 August 2022 Cash flow Cash at bank and in hand 10,588,183 19,3561 11,544,456) 9,356 9,043,727 Bank overdraft 10,578,827 11,535,100) 9,043,727 Net debt 10,578,827 11,535,100) 9,043,727 21 Volunteers The activities carried out by UK volunteers are adminislralive or clerical in nature al Sacred Heart House, and the Little Way Association promotes the message of St Therese and encourages prayer for the missions al ils Theresian Centre in Walsingham. This is equivalent on average of 80 volunteer hours per week. Page 46

The Little Way Association Notes to the Financial Ststements for the Year Ended 31 August 2023 22 Contingent assets There are funds held in a Discretionary Trust according to the Will of the late Miss Elizabeth Wyndham Adeane (died on the 12th of De￿rnber 20081 which will be distributed to the beneficiaries, one of which is the Little Way Association. The conditions and details for the distribution are as follows.. al For not more than 1 year from her death to apply the capital of the Trust Fund for the benefit of such of her Beneficiaries as her Trustees think fil bl To apply the income of the Trust Fund for the benefit of such her Beneficiaries as her Trustees think fit or (for not more than 21 years from my deathl to aecumulale the whole or any part of it el Within 80 years of her death to end these trusts by distributing the Trust Fund among such of her Beneficiaries as her Trustees think fit dl To exercise their discretionary powers over capital or income when and how they think fit without having lo make payments to or for the benefit of all her Beneficiaries or to ensure equality among those who have benefitted. So far, £114,524.77 has been received and recognised in the accounts bul it is impractical lo make any financial disclosures in the accounts regarding the rest of the funds related lo this legacy. Also, the solicitor firm who is dealing with this case is Sprake & Kingsley. File reference.. FJD.DP.ADE0011006 Tel.. [phone] Financial instruments Categorisation of financial instruments 2023 2022 Financial assets measured at fair value through profil or loss Financial assets that are debt instruments measured al amortised cost 1,001,301 1,001,621 8,828,691 9,294,847 9,829,992 281,147 10,296.468 719,767 Financial liabilities measured at amortised cost Page 47

The Little Way Association Detailed Statement of Financial Activities for the Year Ended 31 August 2023 Total 2023 Total 2022 Incomg and Endowments from: Donations and legacies lanalysed below) Other trading activities lanalysed below) Investment income lanalysed below) 3,206,770 12,955 90,267 2,189,831 15,292 7,022 Total income 3,309,992 2,212,145 Expenditure on: Raising funds lanalysed below) Charitable activities lanalysed below) Other expenditure lanalysed below) 147,2811 13,117,7791 1179,4231 142,3061 13,354,693) 1160,8501 Total expenditure Gainsllosses on investment assets lanalysed below) Net expenditure 13,344,483) 319 13,557,849) 134,8101 11,345,704) Net movement in funds 134,8101 11,345,704) Reconciliation of funds Total funds brought fotward 9,663,334 11.009,038 Total funds carried forward 9,628,524 9,663,334 Page 48

The Little Way Association Detailed Statement of Financial Activities for the Year Ended 31 August 2023 Total 2023 Total 2022 Donations and legacies Donations & Covenants (Restricted) Donations & Covenants Iunreslricledl Legacies and bequests (Restricted) Legacies and bequests Iunreslricledl 738,788 796,941 105,791 1,565,250 863,518 625,328 22,615 678,370 3,206,770 2,189,831 Other tradiTng activities Other income 12,955 15,292 12,955 15,292 Investment income Interest on eash deposits 90,267 7,022 90,267 7,022 Raislng funds Prinb'ng, postage and ststionery Advertising 127,4261 19,855 124,9621 17,344 47,281 42,306 Charltable aetlvltles Upkeep of religious cenlres Charitable donations Charitable donations Mass offerings Mass offerings Accountsncy fees Legal and professional fees 120,203} 1671.4051 11,917,700} 1159,532} 1318,9441 19,0001 20,995 129,2451 1583,0971 12,354,896) 1262,4281 1100.9231 19,0001 15,104 13,117,779} 13,354,693) Other expenditure Rates Light, heat and power Repairs and maintenance Depreciation of freehold propety Depreciation of fIxtu￿S and fittings Depreciation of motor vehicles Insurance Sundry expenses Enthuse fees Foreign currency Igainslllosses 112,994} 16,0371 115,9481 16,5261 15861 111,8741 16,5801 13,9571 16,5261 16061 12901 14,4661 117,7211 14,7351 25,833 122,044} 19,5191 119,9561 Page 49

The Little Way Association Detailed Statement of Financial Activities for the Year Ended 31 August 2023 Total 2023 Total 2022 Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution) pension scheme 1 175,0631 14,4781 6,272 1116,9541 16,2311 6,743 1179,4231 1160,8501 GaIn￿oSseS on inveslmgnt assets Revaluation reserve - other movement 13191 Page 50

SIGNATURE CERTIFICATE

REFERENCE NUMBER 11F2DAE5-274B-41BA-A81A-18303F7173D5

TRANSACTION DETAILS

Reference Number 11F2DAE5-274B-41BA-A81A-18303F7173D5 Transaction Type Signature Request Sent At 06/25/2024 08:46 -07:00 Executed At 06/26/2024 03:27 -07:00 Identity Method email Distribution Method email Signed Checksum

DOCUMENT DETAILS

Document Name LWA Final Accounts Filename LWA_Final_Accounts.pdf Pages 52 pages Content Type application/pdf File Size 6.57 MB Original Checksum

fe081adaa22c55ae47257cffea4f031bf3f39e7163d74bf8af6eb976e95f26f1

71780423f5d1c3b0ae0b2043f4e22f72238ebfb0c78f79340848a8aa2aa9a9ea

Signer Sequencing Enabled Document Passcode Disabled

SIGNERS

SIGNER	E-SIGNATURE	EVENTS
Name	Status	Viewed At
Dennis Charlick	signed	06/26/2024 02:47 -07:00
Email	Multi-factor Digital Fingerprint Checksum	Identity Authenticated At
[e-mail]	0d4dbacff6fa2891cfda1ea21a04f4fe8ae9c768e8a77d140c58a3f318a5b668	06/26/2024 02:47 -07:00
Signer Sequence	IP Address	Signed At
0	80.7.70.58	06/26/2024 02:47 -07:00
Components	Device
2	Microsoft Edge via Windows
	Typed Signature
	Signature Reference ID
	EA12B5EA
Name	Status	Viewed At
Gavin Fernandes	signed	06/26/2024 03:26 -07:00
Email	Multi-factor Digital Fingerprint Checksum	Identity Authenticated At
[e-mail]	86a87326373e5fedd8520a7b7718bbd720b1bc34beef72083bbedb2bb640c619	06/26/2024 03:27 -07:00
Signer Sequence	IP Address	Signed At
1	195.224.42.254	06/26/2024 03:27 -07:00
Components	Device
2	Microsoft Edge via Windows
	Typed Signature
	Signature Reference ID
	83FAA155

AUDITS

TIMESTAMP	AUDIT
06/25/2024 15:46 +00:00	Swikar Parajuli ([e-mail]) created document 'LWA_Final_Accounts.pdf' on Microsoft Edge via Windows from 3.124.246.220.
06/25/2024 15:46 +00:00	Dennis Charlick ([e-mail]) was emailed a link to sign.
06/26/2024 09:46 +00:00	Dennis Charlick ([e-mail]) viewed the document on Microsoft Edge via Windows from 80.7.70.58.

06/26/2024 09:47 +00:00

Dennis Charlick ([e-mail]) viewed the document on Microsoft Edge via Windows from 80.7.70.58.

TIMESTAMP

AUDIT

06/26/2024 09:47 +00:00 Dennis Charlick ([e-mail]) authenticated via email on Microsoft Edge via Windows from 80.7.70.58. 06/26/2024 09:47 +00:00 Dennis Charlick ([e-mail]) signed the document on Microsoft Edge via Windows from 80.7.70.58. 06/26/2024 09:47 +00:00 Gavin Fernandes ([e-mail]) was emailed a link to sign. 06/26/2024 10:26 +00:00 Gavin Fernandes ([e-mail]) viewed the document on Microsoft Edge via Windows from 195.224.42.254. 06/26/2024 10:27 +00:00 Gavin Fernandes ([e-mail]) authenticated via email on Microsoft Edge via Windows from 195.224.42.254. 06/26/2024 10:27 +00:00 Gavin Fernandes ([e-mail]) signed the document on Microsoft Edge via Windows from 195.224.42.254.