THE BROTHERS OF THE FIRST ORDER of thg SOCIETY OF SAINT FRANCIS Registered Charity: Numbgr 236464 Year to 30 June 2024 TRUSTEES, REPORT and FINAL ACCOUNTS Audrtors, Report Balance Sheet Statement of Financial Activrties Statement of Cashflows Notes to the Accounts Pages 1- 18 Pages19-21 23-24 25 26-40
THE BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS (European Province) ANNUAL REPORT OF THE TRUSTEES Year to 30th June 2024 Legal and Administrative Details Charitable SiatU5 The Brother5 of the First Order of the Society of St Francis Iknown as the Society) 15 a registered charity wtth the Charity Commission, number 236464. Cortact Detsils Registered Address: The Friary of Saint Francis, Hilfield, Dorche5ter, Dorset. DT2 7BE. Website- www.franciscans.o Email: bursarssf franciscans.or Governin Instruments The governing instrument for the Society is "The Constitution of the First Order of the Society of Saint Francis" 12011 known as the Constitution), which is read in conjunction with: al "The Principles of the First Orde<'11996. known as the PrAnciplesl' bl Yhe ConstitLrtion of the Society of Saint Francis'12001, known as the Constitution12(X)l}I,' cl 'Thè Statutos of th• Europèan Provinc• of the First Order of the Society of Saint Francis" 12018, known as the Statute51. Trustee5 In the Charity Comrnission publication, The Essential Trustee ICC3, May 20181 it State5°Trustees must act reasonably and prudently in all matters relating to the charity and must always bear in Ind thai thelr prlme concern 15 the IharitV'5 intrre5ts. Tliv ihltiity's inuJrTie diid pivpvily iiiusi be applied only for the purposes set out in the governing document." In coming to understand the role and purpose of trustees within the Society we also take account of the Hullmarks of on elfective chority ICCIO, July 20081 which asks that as trustee5 we ensure that our mission and planned activities are within the purposes set out in our governing documents (outlined above),. that we have a clear idea of our mission and how our decisions and documents need to be regularlv reviewed to ensure we are achieving our goals: that we are able to explain how 811 of our activitie5 relate to and support our purposes, strategy and mission, and benefit the public,. and that we consider our sustainability, balancing what is needed now with what will be needed in the future. The trnstees of the Society are taken to be those who serve on the Provincial Chapter , which meets three times a vear Inear to the feast days of St Francis. Candlemas and Pentecostl. Some management of the Society is devolved to smaller working groups such as the mission, pastoral, and the Prowncial Chapter 15 the Provintial governing body of the Order, which Is here defined a5 the ctsmmuity of Brother5 who have voluntarily dedicated themselves, or are plannin8 to dedicate themselve5. to.the Service of our Lord Je5U5 Christ... follgwingthe evangelical counsels of poverty. chastity and obedience. IForTnulaeof Profession) in th 5pirft nf £aint Fr4nri< rtf AfiÉi<l.
fin6nie ¥ruuys whv Ldri ¥ive ITivrE IiiwiE dii(l LviiJideralion to their respective area5 Qf interest and make reports and recommenflations to the Provincial Chapter. In addition, prior to the Pentecost Provincial Chapter meefig all 6rothers attend rhe Annual Brothers. Chapter In orderto d15CUs5th aims, purpose and ministry of the Society and Order for the following year and beyond. For the period of these accounts the following Brothers have served on the Provincial Chapter and 50 have been the trustees of the SSF.. al Minister General SSF ex offitio Christopher Master5- Br Christopher John SSF bl Minister Provincial SSF ex officio Alf Micael Christoffer Carlstrom- Br Micael Christoffer SSF cl Provincial Officers ex officio Marhn Price- Br Marttn John SSF, Novice Guardian Peteris Zeltins- 8r Peter SSF. Provincial Bursar David Karl Martin Lanstrom- Br David SSF, Secretary dl Elected Provincial Cha t•r M#mb•rs Cristian Buliga- Br Cristian Michael SSF David Fountain- Br Malcolm SSF John Hennings- Br John SSF Jame5 Yonge- Br Amos SSF Nicholas Worssam- Br Nicholas Alan SSF lugh Cobbett- Br HuBh 5SF Arthur Winsper- Br Benedict 5SF Richard Double- Br Samuel SSF Reuultment an Intment of New Truste. The Minister General SSF is elected internationally by all professed Brother of the Order, initiallv for a term of six years. The Minister General may hold the office for two terms. the second of which is four years long. The Minister Provincial is elected by all professed Brothers of the European provin of the Order for a five-year term. The Minister Provincial may hold the office for two terms. The Provincial Officers are appointed to office by the Minister Provincial and their appolntment is tifred by the Provincial Chapter. There is no set term to their appointment. The elected Chapter members are èlected by all professed Brothers of the European Province ofthe Order for a three-yearterm. They may hold the office for two terms and are then not eli8ible to be elected for ono yoar. Individuals. legal names are glven flrsL followed by the indniidual's name In Rellglon. S The Prowncrdl Officers are ex officiotrustees when they are also a life profewd brother. A ptvfe55ed Drother 55 J rnernber ofthe Order whLI ho5 token vOYrf4 of thc cvar%gclical cOUne¢S (rf POvertYJ chas*ltyand obEdien¢e. A1rfe professed Brothe¥ 15 a rnember of the Order who hastaken these vows for Ie.
Indurtion and Trainin of Trustees. All Brothers, upon their novicin8, receive the Manual that includes a copy of the 8overnins instruments relating to the Society and the policies, norms and precedents of the charity. Thefore, dll trustees uf the 5viiEly li*e d LUPY uf uur ¥uvviwiiwi¥ duLUITIElIts. UFJVTi bewirtlll¥ d Lru5L¥e, Ilie brother is given a copy of the Charity Commission publication, The E5senti¢71 Trustee ICC3. May 20181 and Charity Finance5.' Trustee Essentials ICC25, Marth 20171. The oflice bearers ot the Order, especially the Minister Provincial, the Provincial Bursar and the Provincial Secretary, take the initiative in keeping themsefves informed of current best prdctice in the area of being a trustee or any changes in statute and these Offir5 also take responsibility that our current trustees and any new trustees are kept informed of changes and that our governaTr 15 in the spirit and letter of the law. Transartion with Trustees The trustees of the Society are also Brothers of the Order and as such have made a vow of poverty under which they have renounced all personal rights to income and property. The Society provides for the essential needs of all members of the Order. The living costs of the trustees are. therefore. borne by the charity. Bish Protertor The Society. as 3 Religious Order within the Church of England. also has a Bishop Protector, whose role is outlined within our governing documents. The role is presently fulfilled by The Rt Revd Christopher Che55un, Bishop of Southwark Or ni5atlons and Persons Workln wlih or on behalf of the Soclet al Bankers- The Cooperative Bank. 80 Cornhill. LONDON, EC3V 3NJ bl Auditor.. Greaves West & Ayre, Chartered Accountants, 17 Walkergate. 8erwick-upon- Tweed. TD15 IDJ. cl Investments managed by: CCiA Investment Management Ltd, The CBF Church of England Funds. Senator House, 85 Queen Victoria Street, LONDON. EC4V 4ET. dl Insurance Agent and Adviser: Marsh Commercial. l Tower Place West, London, EC3R 5BU Ifrom March 20201. el Solicitors: S J Palin & Co., 11 Church Street. Amble, Morpeth. Northumberland, NE65 ODZ. on Investment "The brothers... desire to have no securtty resting on earthly possessions but to be whollv dependent on God, relying on faith and prayer... The First Order itself shall not normally hold any land. building or capital in its own name but shall. when possible. place all property of which it may have the use into the hands of others" (Constitution 35..1 and 21. The Society is not restricted in its investment powers, except where legally required. However, it is noither in tho spirit of thè Order, nor in its interprètation of tho Gosp•l of Christ aft&r th4 way of Saint Francis. to invest in any material or financial asset other than to provide income for the day-to- day Simple need5 of the brothers Iwith a particular care for those of elderly brothers) and for the ministries of the Society- The investments recorded in these accounts relate directly to designated S EIG pollcy nUmrfrC July 2020 OSAC10382301
fund5, where such fuwid5 bEert eS11511ed by ilie Proviiicial Chapter for specific purp05e5. We are constsntly aware of ethical issues surrounding investments and so try to invest our assets in an ethical manner. Inform*ion Commlsslonerfs Office The Society of St Francis 15 registered with the Information Commissionerfs Office, reference numberZA765416.
The Annual Report The Ob ects ol the Societ -lo build up a body of men and women who. a£ceptrn8 Lhrist as their Lord and Master, will seek to follow him in the way of renunciation and sacrifice as an act of witness and lor the loving service of his brethren in the world... tTo ministerl to the Lsncared-for, the sicL the suffering and needy." IPrinciples, Day 2 & 211- "Prnise and prayer constitute the atmosphere in which the brothers and sisters must strive to live. They must endeavour to maintain a constant recollection of the presence of God and of the unseen world. An ever-deepening devotion to Christ is the hidden source of all their strength and joy. He is for them the One all-lovely and adorable, God incarnate, crucified and risen. whose love is the inspiration of serwce and the reward of sacrifice... chiefest of all forms of service that the brothers and sisters can offer must ever be the efkjrt to show others in his beauty and power the Christ who is the inspiration and joy of their own lives." Ipnnciples, Day 14 & 221. Publlc Benefit The Trustees have regard to the public benefit guidance published by the Charity Commission under 5cction 17151 of thc CharFtrcs Act 2011. Throughout this report the tru:tec= have sousht to highli8ht those activities un(lertaken by the Society in fllrthence of its charitable objectives for the public benefit and for the promoting of religion. The society usually gives Special consideration to how effective we are in our objects when all the Brothers meet in our Annual Brothers, Chapter, which meetsjust before the Pentecost Provincial Cttapter. It is at this meeD"ng that we give consideration to where the Order 15 currently Irvin workin8 and ministering and what changes and developments need to tske pla. Many examples of our work can be found on our website www.frariciscans.o publication Franoscon. .uk and through our The Brothers of the First Order of the Socièty of Saint Francis is a Religious Community for men in the Anglican Communion. The work of the Order is spread throughout the world and divided into five provinces of brothers and two of sisters of which the European Province is one. The unity of the Order as a whole is supported by a degree of financial interdependence, whereby the parkncular nep.ds of nne prnvinrp r.an m?t by the available resources of another. The Society therefore benefits from this international co-operation. The Society also particularly benefits from co-operation in some areas of work and administration with the Community of St Francis IThe Sisters of the First Order of the Society of St Francis - registered charity number 2866151 and with the Society of Saint Francis Central Fund Iregistered charity number 2802J81. G¢%*rnance and Mana ernent The Society administers its funds through various addresses and centres of work in the UK and one overseas lotation in Assisi, Italy. These are related to the Provlnclal General Fund in the same way as the spoke5 of a wheel to the hub. The hoLbse5 help to finance the Province as a whole whenever
they tiblv iu ¥¥iieiaLe a nei surplus withln a given year. At the same tin7e, the Province undertakes to meet local requirements as agreed through annual budgeting. The aim of this system is to allow for a degree of local dlscretson In flnanclal pollcy maklng wh115t malnralnlng a interdependence and mutual accountability between our brothers as a whole. &ich add$$ of the Society administers an account locally for the support of the brotherlsl livir and working from it and also to assist in the mission of the Society in that locality. Into these are received donations, part-time wages and other local receipts. It can also receive transfers of funds from other Provincial Funds should they be required. or contribute towards the income of the Province as and where there is a net gain. "Each Community shall have a Provincial Fund. which shall be administered by the Minister with the assistsnce of the Provincial Bursar... The Provincial Bursar shall be responsible for the preparation of an annual budget of expenditure for the Provincial Fund and for submitting it to the Minister and Chapter for approval before the commencement of the financial year to which it refers... Payments within the bud8et require no fijrther authority but permission to make payments outside the approved budget can only be grdnted by the Minister. in consultstion wth the Provincial Bursarf Istotutes, 11.1-11.31. Financial Stewardshi The finances of the Province are managed on a day-to-day basis by the Provincial Bursar, Brother Peter, who deals with receipts and payments to and from the Provincial Fund, relationships with house bursars. With the Co-operative Bank. and with the accountants, Greaves, West & Ayre. The Bur5ar15 a5515ted by tliE Bu15**ly Tedfwi Lvwisisliiig vf ilie Pro¥in£ial Minister, the Provincial S¢¢retsry and Br Samuel, meeting either weekly or fortniEhtly to discuss and decide on wider Issues of management. On the I"January 2024 Sara Whistsnce was appointed by the Provincial Chapter to the post of Financial Administrator. joining the Bursary Team and undertaking a substantial part of the work previously covered by other members of the team. At the time of writing Br Peter has indicated that he wishes to stand down as Bursar from the end of the Current financial year 30 June 2025. At the Pfovincial Chapter meeting 28th September 2024 Sara Whistance was appointed to take over Peterfs work from I" Juty 2025. FrYJm the same date, the Minister will appoint a brother as Provincial Bursar who will be an ex-officio member of the Chapter and who will be able to speak in Chapter on behalf of the Financial Administrator. A5 at 30th June 2024, the Society held fund5 in totsl of £7,746.620. The Provincial Funds are divided into the following parts.. The General Fund Tho G•n&ral Fund includes all the Income 2nd expenditure of the Provin¢i¥l Gengral Fijnd and thp house accounts. as described above. The Provincial Generdl Fund co-ordinates the work and mission of the Society, receNin8 the pensions of the brothers, as well as other revenue 3nd capitsl receipts. The Desi8nated Fund5 The Society also administers funds designated for specifit purposes within the scope of the Pruviiiiidl FuiiLIs dnd iii keepii)g witli the objects of the ciety- Any interest received on these funds
IS transferred automatically into the General Fund. Details of these designated funds are listed in note 12b of the accounts. il Care FurKI: This piovides funds towai"d5 the suppgrt aiid respite care for elderly or iiifirni brother5, a150 available for payment of services not available via the NHS: Dentistry lincreasingly hard to 17nd NHS dentists), opticians. and private counselling. £2.953 was expended from this fund during the year, leaving a balance of £295,304. ill Bequest Fund: This fund received the unrestrirted legacy income of the Province totalling £139.850. £0 was brought forward from the previous year. At the end of the year £139,850 was transferred to the Development Fund, leaving a zero balance at the year end. iiil Income Tithe Fund.. A tithe based upon the income of the General Fund is set apart according to an agreed policy primarily to help relieve the needs of the world's poorest and to address particular request5 from within the Society. Small grants are made to meet the needs of individuals with larger grants available for charitsble organisations with links to the brothers of the Society. The sum identified as A tithp nf inrnm• fnr th• y*xr grtding ?fbth Iiinp ?0?4 wa< F?n,nrKJAnA f 17,4m nf thi% WA% AllnrAtpd throughout the year 2023-24. £20.¢J)O was transferred from the General Funding at the year-end, 30, June 2024. leaving thè fund balance at £22,500 at the year end. This will be allocated throughout the year 2024-25. Further information on our charitable grants in 2023-24 can be found in note 13 of these accounts. Iv) Development Fund: The capital and the income from this fund is available in order to help offset cost5 relating to capital projects. All unreali5eiJ gains losses on our investment5 Ithis year £111.7711 appear in this fund. £139.850 was transferred to this fund during the year from the Bequest Fund, leaving a balance at the end of the year of £1,399,577. vl Fixed Asset Reserve: Principal records the value of the properties and vehicles listed on the Balance Sheet after adjustments for additions, disposals and depreciation have been made. The majority of the expenditure is due to depreciation. being counteratted by some improvements and small new purchases.1See note 5 of the accounts) vil Renewable Energy Fund: Being aware of the priority ft)r reducing carbon emissions this fund exists to encourage the use of alternative energy sources. £0 was received into the fund during the year. £1092 was expended- on an energy audit for Plaistow and the completion of insulation for the library building at Hilh'eld, leaving a balance of £40,486. vill Emmaus House. Pickerin& Fund: Thè property in Pickering has been used by variou5 members of the Order and of the sistèrs of the Community of St Francis for times of treat. holiday and. to a limited extent. study.. all of which are the intention5 of maintaining the property and for which this fund covers the njnning costs. The fund receives an annual donation of £2,000 from the Community of St Francis for the properfs use
by sister5, and in this year a contribution of £2,250 from CSF towards repairs and refurbishmenL There was a transfer from the Provincial General Fund of £2,500 leaving an end of year balance of £9,090. viiil Hilfield Fuel Fund A fvnd set up for Hilfi"eld Friary to put aside money for the purchase of local wood for the Biomass Boiler. £13,956 was transferred from the General Fund and £2,0 was transferred from Hilfield. £7,548 was expended on timber purchase and chipping. The Restrirted Fund5 The Society also administers funds restricted for specific purposes within the scope of the Provincial Funds and in keepin8 Wlth the objects of the Souety. Any interest received on this fund is transferred automatically into the General Funds. Details of the restritted fvnds can be found in note 12c of the accounts. i) PNG Bursary Fund: Established with a gift in memory of a past SSF brother- the donorfs Wish being that it may benefit programmes of study for 8rothers in the Papua New Guinea Province. Following a decision by the Provincial Chapter the £4.181 in this ftand was tr3nsf@rred to the Society of St FraA¢i* fpntrxl Ftind in order that the money could be better applied according the wish of the donor. ill Hllfield Bequest Fund Iformerfy the ARM Wlll Fundl: A fund administered by SSF to cover the personal expenses of Keith Macdonald, a long-term resident èt Hilfield Friary. Keith died in December 2023 and according to the wishes of his family the money is available to the Friary for a memorial to Keith. The c105ing balènce Is £4,721. iiil HIleld Land Grants Fund: The purpose of this fund is to receive varlous grants from the Governmenvs Rural Payments AgeTrcv for conservation work on the Friary's land arsd to pay for this work. Durin8 the year £20,776 was received from the RPA together with £16,010 from Dorset Council. Payments were made of £37,321 which iniluijes £5,149 sygitl vii Lli¥ Sli¥ylieiTI'5 HUL leaving a balance of £52,966 Ithere is often a time-lag between receipts and payments which overruns the year-end). iv) Glasshampton Fund: A funij for the use of the Monastery of St Mary at the Cross, Glasshampton. During the year there was expenditure on the replacement of a boiler, the kttchen extractor frdn, the renewal of radiators and pipework in parts of the monastery. and roof repair and scaffolding totslling £7.194, leaving a balance of £22.014 at the year end. vl The SSF Education Fund {previously The Hlffield Educltion Fund) for use of educatlonal projects at SSF friaries, and for supporhng the education of individuals and of groups that visit friaries. There was £0 income during the year and Grants of £1,492 have been made during the year, leaving a balance of £71,717. vil A55isi Fund: This fund exists for the financial management of the chaplaincy based in our rented apartment in Assisi. The SSF received a grant of £5,0(1 from the SSF Central Fund Trustee5, a grant of £1.250 from the ThSrd Order SSF, a £5.000 tranSr from the Gener31 Ftjnd and El.138 Buost don3tion% and
wedding blessing fee. Expenditure on rent ft)r the apartment was £8,662 leaving a balance of £11,142. vill Sanctuary 5eeker5 Fund- From a £10,000 grant received in 2020 to aSSiSt the ministry of the brother5 working Wlth asylum Seekers and refugees, particularty in our urban friarie5. With an opening balance of £5,584 and expenditure of £2,200 on the work in Leeds the closing balance 5tand5 at £3,384. viiil Formation Fund: For the purpose of supporting novices and on-going formation within SSF, particularly for conferentes, training courses and educational material. £4,778 has been expended from an opening balance of £5,015. A transfer of £5,OW has been (eIved from the General Fund leaving a balance of £5,237. ixl Alnmouth Fund.. for supporting the life and work of the brothers in the North East. Legacies 5pecific311y for Alnmouth totallin8 £7,800 were received into this There was expendvture during the vear on the repair of the Bell Tower, tree surgery. boiler repairs. roof repairs. sky-light installation and architecvs fees totslling £12.397. leaving a balance of £1.397. Kl Plaistow Fund: Money from legacies and donations received for the support of thè life and ministry of the brothers at 42, Balaam St. A donation of £500 was received into thi5 hjnd. There was expenditure of £401 on the mains isolator switch for the fire alarm, leaving a balance of £4,207. xil The Mission and Mlnlstry In Ireland Fund Following receipt of a bequest of £38,258 for the work of 'Anglican Franciscans in Ireland,, a new restrÉcted fund has been set up. The Minister is engaging with The Church of Ireland and wlth members of the Third Order to discuss how the fund might best be applied. xlll The Hllfield Kelth Macdonald Fund Fullvwiii¥ KeiLh'5 dedLlI iii DeLEiribvi il WdS li15 fdiijily's wislj ilidl Ille Ilusi fuiid fvr Iiis beiiefil set by his father lond which was returned to the famity after Keith's death according to the temis of that trust) should be transferred to the Society in atknowledgment of the slxry-seven years that Keith was supported while living at the Friary. This is being covenanted annually by Keith's nephew over fi.ve years at £50,OW, (plus investment income per tsx yearl. The money is held in a separate CCLA investment fvnd. the income to be used to support the life and work of Hilfield Friary. xiiil The America5 Fund. Set up to receive a legaty of £114.783 from the brother of Br Robert Hugh SSF who has lived in the SSF Province of the Amertcas for the past fifty years. The will requests that it should be for the benefit of the Province of the Americas. The Provincial Chapter agree(l at the Pentecost Chapter, June 2024 Iltem 12a of the minutes) that this fund should be transferred to that Province. Reserves Polic in accordance with our Ob ects.. According to the Principles of the First Order of SSF, our securlty comes from God alone and not from the estsblishment of large serveS of capital. finarscial or otherwise. in order that we may seek to live in tune with this it is our policy that the Provindal General Fund should not normally
accumulate 51gnlficantty more thiltr 50% vf tlie dfiwiudl ¥xyEiidilure froiii ihe previous financial year in order to protect the charitsble activities of the Society. The General Fund on the 30 June 2024 helfl tSJS,Y12 an¢Y the annu31 expenditure was £595,092. While we believe that brothers are to hold nothin8 in reserve, the trustees realise that the charty has a duty of care to look after elderly and infi.rm brothers and to maintain the properties from which its ministry is based. It is projected that due to age profile of brothers in the Province income from pensions is likely tt) decline signiflcantly over the next ten years. In the light of this the Provincial Chapter June 2023 re-affirmed the decision in June 2020 to build up our investment portfolio in order to provide a level of income equivalent to the experted fall in pension income. Annual revlew of tra lrtcome: It IS the current policy of our Provincial Chapter to budget our annual revenue expenditure agoinst live income. We gratefully acknowledge that income apart from legacies ijsually covers our basic Costs. Income from legacies is held as a separate designated fund. The income from interest earned on the designated and restricted funds and local house actt)unts are taken into the General Funds. We are again reminded this year of God's blessing through the generosity of so many friends and supporters throughout the year. 'ons and Ilnandal sltloTr of the Char The chief areas of regular income continue to be= the generous donations people give u51£486,7871 legacies1£183,9091 the gift aided pensions and salarie5 Of our rnember51£210,6511 book and shop sales1£32,8891 income from interest and our inve5tments1£65,9511 renewable energy incentives1£25,6601 income from investment properties1£32.6991 Brothers, engagements1£7,9931 In 3 broad sense these categories could all be seen a5 money'earned. through the ministry of the brothers and the Trustees wish to acknowledge here the invaluable part that individual brothers and houses play in the material rijnning of the Province as a whole. Expendlture: The expenditure of our houses and the support of the lite and ministry of our brothers in the year totalled £555,559 (see note 4a in thc a¢tountsl. The cost of GoverTran forth¢ ¢harity totalled £39.532 (see note 4a within the accountsl- Staff costs were £22,31)0. Our tharitable giving in the current year totalled £54,519. Note 13 in the accounts sets out our policy regarding dDnations and gives a summary of these donations. A caprtal budget of f518,503 for 2023-24 had been agreed by the Annual Brother5 Chapter In June 2023. Amon8 the work5 undertaken within this budget have been: Providing a new roof to the Sacrament Chapel at Alnmouth and the replacement of leaking wlndow5 ori the main buildin¥. io
The library at Hilfield has been insulated and an electric hob purch3sed for the kitchen to Use 5urplu5 5oli*r viiyigy. At Plaistow a major renovation of the chalet Wa5 begun in early June with the aim of extending the life of the building, to make it carbon neutral and to provide facilities sultable for brothers who may need more care. The majority of cost of the work on the chalet is borne with the 2024-25 financial year. Assets held for desl nated ur oses. The majority of the monies of the Society are held with the CCLA Investment Management Ltd (The CBF Church of England Funds) and the Ecology Building Society in order to 5UPPOrt the Funds designated for specific purposes. These Funds are outlined above and in the notes of the accounts. The investments of the Society are shown on the Balance Sheet at market value, with the original cost bein recorded in Note 9. Fi nat Jun 2024 with re rd t future cornmitment and liabilities. At the Pentecost Meeting ljunel of the Provincial Chapter them members consider, in the light of budgets submitted by the houses, by Provincial officers, what commitment may be undertaken across the Province, bearing in mind the anticipated financial position. Once the books for the previou5 6cIal year have been closed the Provlnce tnay adapt the budget to take accouiit of iiny unforeseen changes and will then embark upon the agreed programme. an Hnanclal Prlorlties To build up an investment portfolio to reploce the projected reduction in income from brothers, pensions and so sustsin the on-going life and ministry of the Society To make provision for the on-BoinB care of older or more infirm brothers To invest in measures which will enable SSF to move towards Carbon neutral by 2030 It is the policy of The Society to maintain its properties up to è good stsn(laYd- quinquennial surveys are commissioned, and priorities are agreed for a programme of capital work. Budgeted items of rapital p.xppnditlArp tntAlling É491..444 wgrp agrp.pd at thp Annu31 BrothÈrs' Chapter June 2024 and confirmed at the subsequent Pentecost Provincial Chapter. Note 8 in the accounts lays out proposed work-. Hilfield £44.314 for a ten-year upgrdde to the biomass system. the purchase of solar batteries, the pgrade of shower rooms. improvements to facilities for disabled persons. re-surfacing the car park. an extension of the animal yard and general repairs. An additional £37,0(K) has been allocated for barn up8rades. specifically to improve the floorinB and construct a slurry pit. Alnmouth £32,500 for rèpairto stone window mullions. the redecoration of the chapel, installation of solar pane15, improvements to insulation and tree surgerv. Glasshampton f 35.1XIO for expected repairs arising from a recent quinquennial inspection, solar installation and the conversion of the AGA from oil to electricity. Pla15tow £251,000 for completion of the chalet renovation,. also for repairs to the roof and replacement of windows at 42 Balaam Street. li
Leeds £2,620 for repairs to 42 Rossall Road prior to leasing the building. In addition, £IO.000 is set aside for discretionary use by the Provincièl Bursar to buy or repair equipment that cannot be planned, such a5 fridges, washing machines and computers. Use of Volunteers and Donatfons to the Cha The Society is blessed by the generosity of those who support IL not solely by money, but also by our volunteers and the time that they give to help in practical ways. This is received from those who perform work5 for houses at considerably reduced rates. Others provide freely of their time or grfts and yet others support us in their prayers. In the main part, these small acts of generosity are performed on a local or personal level, one brother or one house receiving the benefit. Consequently. these donations are not quantifiable within the formal structure of an Annual Rew)rt but the thanks of the Society must be recorded. Data Protertion A dats audit is carried out annually to comply with the General DaLI Protection Regulation. As the Friary of St Francis. Hllfiold. now has a ccrv Iystèm to aid socurity. the Society of St Francis now has a CCTV Policy and is registered with the Information Commissionerf5 Office. Serious Incldent Re There were no serTrous incidents reported durin8 the year. R15k ernent The Trustees have conducted their own review of the major risk5 tt) which the charity is exposed and have set in place systems to mitigate these risk5. Internal risks are minirnised by the implementation of policy, norms and precedents (which are regularly reviewed) and these are given to all new members of the community- A regular review is maintained of bank balances to gai maximum benefit at a time when dep051t rates flurtuate, and the Provincial Finance Group continues to monitor other safe deposit opportunities. Safe uardin The Independent Inquiry into Child Sexual Abuse has highlighted the historic inadequacies of the Church of England and religious orders in protecting children from all forms of abuse, but particularly sexual abuse. The Society takes its responsibilities towards safe8uarding very seriously and reviews its Safrguarding policies annually. It has been agreed that all brothers and volunteer5 m¥Jst have training. renewed every three years. to the CO and Cl level. A Safeguarding Officer for each house is appointed annually at the Pentecost Joint meeting of the Chapters and is expected to undergo C2 level training on the same basis. In addition. those brothers who are ordained and hold a licence or Permission to Officiate have to receive training from the diocese in which they are minist•rtnB. DLFrin8 the year 8r Samuel was appotnted as the Desi8natod Wp8iJardin8 Pp.rsnn fnr the Society. A joint Safeguarding Committee with The Community of St Francis- made up of the two Ministers Provincial, both Desi8nated Safeguardin8 Persons and the link brother or sister for the insurance brokers- meets twice yearty to consider matters of safeguarding. Our safeguarding is with the Oivcese of 5outhwafk and there have been meetin85. A Harassment and Dullyins Poliry 4nd 12
Formal Complaints Policy have been endorsed by the Chapter and the Safeguarding policies have been reviewed. C b¥r SEiuiii & Inlernei Provision We are aware of the growin8 complexity around computer use and the risk to the Society of computer vlruses and problems, potentially leading to the leaking of personal data or online fraud. We are also aware that our liance on the internet since lockdown has increased the level of risk through online purchases and theft of data. The Society Is always reviewn8 rts Systems to ensLtre that our tomputers and the information they hold are protected and can be best utilised for the benefit of the Order and our charitable aims. An annual audit has been established of all devlces Used by member5 of the Society and all brothers are expected to undertake training in aworene5s of the risks of cyber-crime. Developments by the Society within the year 2023-24 Following 8r Austs"n's move from the small house in Canterbury at 134 Wincheap into The St John's Almshouse, it was dec4ded to lease this property. A certain expenditure wa5 necessary to bring it up to the appropriate standard for letting. Following the decision by the Annual Brothers, Chapter in June 2023 for the Society to withdraw from its ministry to asylum seekers in Leeds, the brothers finally left in May 2024. The property at 25 Karnac Road was sold to LEDAS, a Leeds-based charity supw>rting asylum-seekers. The capital received has been transferred to the General Fund. SSF'S second house in the area. 42, Rossall Road has been leased to the same charity. Together with the other previousty leased property at 85 Crofton Road, London E13 8QT and the lease of rooms at 42 Balaam St to Helping Hands, there is now a property portfolio which makes significant contribution to the Society's annual intorne. Following the decision at the same Chapter to respond to the Bishop of Edinburgh's invitation to establish a Franciacan prcdence at St David,: Pilton, and to undertakc mini.try in the area, Ur Joseph Emmanuel was licensed as Priest-in-charge of St David's in October 2023 for a period of five year5, receiving a stipend and pension contribution for this ministry. Another brother is also based at the friary. There are long-standing links between SSF and the Church of Sweden which have been strengrhened over the past eighteen months through visrrs from brothers, particularly to rhe Diotese of Vasteras and the Diocese of Skara. A Letter of Intent was signed between SSF and the Diocese of Va5teras to nurture the relationship through continuing visits by 55F brother and CSF SlSters and to encourage young Swedish volunteers to spend time in one or other of the UK houses. It is hoped that one day it may be possible to establish a house of First Order brothers and sisters in Sweden. The Llfe and MinistryofSSF. 'The brothers [and sisters] seek to serve their Masterby the lifr of devotion, by socredstudy and by workn, (The Principles ofSSFDay 13J 13
These Three commltmenr5 are expressed through a dalty rhythm of corpotate priviile pr*iyvr, by the opportunity to study in order to teach, p0¢h. write and encourage others in the Christian life. and by works of various kind5- hospitality toward5 guests and visitors to our houses, service amon8 those on the margins of Society (including advocacy). promutiiig ili¥ LdW¥ ul LledLiuii, work in local churche5, including the leading of retreats and quiet days, spirttual accompaniment an(J the ministry of reconciliatn. tM)th of individuals and communities, the nurturing of understanding between people of different faith communities. The followin8 are extrncts from the reports submitted by cts¢h house followins the end of the financial year.. Glasshampton. trjr monastlc house: 'For most of the year we have been four or five Brothers resident here: Brothers have various areas of work over which they are responsible. The gue brother greets callers at the door and looks after the guests staying with us. the sacristan orders the chapel worship so that all can join in the daily round of prayer and thank%ivin& the bursars administer the house and provincial funds.. those who work in the garden maintsin it as a place of relaxation and restoration: all share in the Vrk of pParing food and keeping the house clean and tidv. Comments from guests- "It is always such o privilege to join in the rhythm of the lifr of the community ond to spend more time than usuol on the exercises I do My stoy eprtninly gnvp myprocfrcE o boost... Thank you aL70inft)ryour kind (Jnd generous h05Pitulity". Yht7nk youfor opening ondshoring your home ond your wotship over the lastfrw days. It hos bee (7 goodstort to Lentfor me- gmunded, prjyerful, stilling- all much apprecti(Jted. -Thonk youfor your worm hospitolity". -Another wonderfvlstoy. Food wos very good indeed. The singing enhoncedourservice5 in the chopel. Feeling cleonsed and renewed". From Hllfleld Frlary set In the heart of the Dorset tountryslde: 'A major focus at Hilfield is the Community'5 ecological work to protect and enhance wildflower meadows, wet woodland and hedgerows that promote hobrtat connethvity. we work in partnership with the Wildlife Trust, Dorset Countil and our local High Stoy Conservation Cluster la group of neighbouring landownerslmanagers working together to help each other deliver our conseNation goalsl on over one thousand acres including helping to develop a Local Nature Recovery Strate8y as required by central government. 14
'A series of naturdl flood management features have been created including bunds, swale5 and attenuation ponds which all help to reduce floodinsi creE4te new wetlgnd h8bitat$ and sequester carbon. We offer peer-to-peer training and advice to other conseNation projects through A Rocha Pdi Lii¥is iwI AiLiuii. FuLuvg VlVj¥LIJ ii)Llude plaiiliii¥ lied¥er(pws, expoiidi118 our 8razin8 partiief5hip and cuttirbg scrub on Hilfield Hill Local Nature Reserve. We have been invited to assist with the development of a new 5-year management plan for the Dorset National Landscape. We will continue our work to encourage and empower marginalised groups to ac$$ nature including through the DNLS emerging Nature Buddies Network.. 'Environmental groups and school groups come to the friary to learn about our conservation work and our Franciscan spirituality. We host a regular wellbeing and nurture group from a local primary school who come to experience the mental. physical and emotional benefits of working in nature. We also welcome Third Order Franciscan groups to Hilfield throughout the yearf. 'Brothers and other Community members offer the ministry of spiritual actompaniment in conjunction with the diocese of Salisbury. From September 2024, one of the brothers will be embarking on a training course through Sarum College to equip him to share in this ministry in the future,. ••¥Uii•o1'*4'¥3 T•• 'Our concem for the marginali5ed in our society is also expre55ed throLtgh the chaplaincy to Gypsies and Travellers in which one of our community members, Rev Jonathan Herbert. is employed part- time. He is particularly active in Dorset and Wiltshire, bijt journeys as far as the Appleby Horse Fair. A Travellers. wedding was held at the friary this yea¢. Feedback from guests.- "Now (Ind og(Jin. it does the b(Y and mind 9¢d to Step t7woyfrom everydt7y lift and reflecton one s thoughts ond emotionx, ond to oppr@ciotÈ noturè." "We sense such a colm t7ndproyerful otmosphere in the wholeslte ondjust coming into HAlfield is entering o beouttfulploce where o heullng quiet welcomes us- even after negotiotingfloods ond heavy roin on the way.. 15
Plaist¢)w in London's Eas% End. Ihe house Is a.warm place, for many who 11 In for a chat and d cup of tea day by day. Br Julian has a well-established ministry of listening and a store of wisdom about the local area which has been built up over the past 43 years., 'Surplus food fmm East London supermarkets is delivered almost daily which is then made available ft)r those who come to collect it at the door. This 15 more a 'food hub. than a 'food bank, as there is no qualification of those who can receive it. much of the food being unsuitable for storing. Volunteers from Helping Hands play a major role in looking after this,. A major projeLt during the year has been the planning for and carrying out the renovation of The Chalet in the garden of 42.. Alnrnouth- a house of hospitality and prayei on the Northumbrlan coast. 'Our life here is based on prayer, whether that be the recitation of the daily office from the SSF Office book. the daily Eucharist or thè times of silent prayer taken each morning corporately as well as an evening prayer time. We have accommo(iation for guests and find that our guest rooms are well booked throughout the year by individuals. or 8roup5. many of whom have returned time and time again, but it is always good to welcome newcomers. We have day visitors who come for their own quiet timc, or wont a brother to 8ive them a listening ear. The friary is well known in the north but w• are always surprised by the distances some make in order to visit. We try and maintain a happy prayerful atmosphere into which guests can come and lind peace and the pSenCe of Christ who is so important and central to ovr own lives. We are fortunate to have a local group of friends who regularly visit, either for the chapel service5, or for afternoon tea, or for a Bible Study whith we host each Friday afternoon. Blrmingham Yhe intentional ministry of hosting destitute asylum seekers tske5 place through Hope Projects and this year three have gained their Leave to Remain in the UK. We are in touch with several former asylum seekers who have Stayed wtth us in the past and still visit occasionally. This work allows us to collect food via Foodiverse through our local Tescos twice weekly* and anythin8 that we don't use is donated to the local foodbank.. 'One of our brothers is particularly involved with pastoral contscts of welcome and listening to those living locally. Our psence here seems to provide a place of stability in an otherwise sometimes frdctious location, with loneliness and drug abuse epidemic.. St Dawd's Friary on the Pilton estate, Edtnburgh. 'On Sunday afternoons. we welcome people for a cup of tea or coffee before eoing into Church for EveninR Proyer. It is particularly encouraEinE that people from other congregations and none have also felt that they can come for fellowship in thi5 way and continue to come. Another aspect of h05pitslity is the hospitality afftirded by having the Church open for a period some days of the week, 'Since October we have begun to volunteer at the Granton Foodbank and the Stenhouse FcK)dbaTrk weekly as far as we are able., 16
Assisi, where 5SF rents an ap4rtrnent and 5UPPOrt5 an Anglican chaplainry In the clty throughout the year. Yhe ehhplaincy mTnisters to a small but faithftjl Anglican congregation which worships each Suiiday in the church of St Leonard's. Pilgrims, both groups and individuals from all denominations are welcomed and encouraged and IK)th ecumenical and interfa¢th relationships are nurtured. The opartment has enabled Small groups of SSF brothers and sisters to stay in Assisi over the past year and to renew and stngthen their vocation in the city of St Francis,. Ottober 2024 17
TRUSTEES, RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS AthnoWd9i9 the 9uidoncc ofth¢ Charty C0rnryN•g.9'I¢ern finanoiol oprrtrolo Charibee. le¢È-July 2012} especially the very helpful chefls¢. asTrustees we are rquir&Y lo prepare fana81 stalementsfor ea¢h finanrAal year which give a true and fair VIV of the State of affairs of the SSF and of th8 InCming rn50urces or application of $0C8 of me Irust for Inai pelli#J. In preparintt rnose nnanuai teMenTS. mtThees are require£ IO.. sdect 8Uitable accounting policies aTNI then apply them con$istentty'. rngke JUdgts ano esbmates that are reasonable and pruden¢ 51ate whether apptitable acfxjunting standards have been follrNd, 5ubpdto any malerial departures dksdD5ed anLI exain&0 In hnanoai statsments.. prepa the financial statements on th8 going concéFn basis unless tt 19 kn¥propr&ate to PSun thatthe trnst It IS 1)ur duty as charity trustees lo ensure that the ch8rW$ $0Yr are prteded in order that th& charity can rfs aims. We rec¢vJni8e is Important that all those woffKing in the chartywhether tmstees. Brothers, slaff or vclunteers take the issue of internal financial contro15 seriously. Making ¢ontroL8 work shoukl not be seen 8S justthe sponSIbilIty of ortwo trltae8 or senior offi hokIe. Of as akylying to styne w noi otners. The oims of our internal fiTh5n81 LYXrtrd5 are". to protect the charivs assets,. 10 idenify and manage the rf5k oleclCts of irrterest. kJ55, wa51B. tsriiry. thoft or fr8ud', to ensure IhatfinancBI reporiing 15 rcèu5t and of suffi¢xnt qualty. and to •ngvr•thatw• cornpty with Ihg ch¥tity 14w And arty wulationg ro12tir¥J lo fingn03 It is our belf Ih8twts li¥ our Ie$ and r))nduct our8alv85 88 trustees thaiwe do indeed keep oursd informed about the revant faGtors of tnanaging a m(wJ8m and welrUn charity.. notjust our financial responsibiliti& 8L80 that we keep to the spirit and prin[e of our chartsb objectivas and keepiry out5efve$ 8w8re of the devdoping rola for ch8rili85 1 the worfd in whi¢* we find ourselves. I q. 12 1014 Br Micael Chri8tofferSSF. Minister Provinci 18
Independent Auditor's Rgport to tho TrustO9s of Tll8 8roth•rs of the Flr5t Order of th9 Society of Saint Francis Opinion We have alited the fin8rri818t818ments of The 8rother5 of thè First Order of the Sodety of Sairt Francis1lh8 'char} for the year ended 30 June 2024 which Compnse the Balanf Sheet. Statem8nt of Financial Acti¥iti'es, Sts14>mont oi r.gshflow¥ 3nrt nnt•s tn tho finanrial %latAmMnr inrJiMlino a qiimmary af qvJnifyGqnl San11nq poIiu8s. Th8 finanal reporting fraTTWOrk ihai has been applied in their preparation is applicabl8 law and United Kingd(m A¢c4untin9 Stsndalds, indLk1ing Financial Reporting Standard 102 Thg Financtal RepoKtiw SÈandaKI 4ppIiGable in the UK8nd R8publK of Irel8ndlUnittsd Kingdom Generally Attepted Accounting Pro1¢£1. In our opinnn the financial ¥tents.. gNe a true and fsiT wew of the State ofthe chartys affalrs as at 30 Jun8 2024, and of its inccrning r850ufL5 and applKatsoft of resources, for the year then endad, have been property prepared In a¢¢(danc¢ wrth Unrted rjdoM Generally Accepted AccoUn'Thg Pradiee, and have t&n prepared in accordance wrth the re4Uifnents of the charit Act 2011. B#ls for ¢)pinlon Wa conductsd our 8udit in accordance with Intern81ion81 Standards on Auditing IUKI IISAS IUK>I and aPbI law. Our responsibilrti8s under these stsndards 8re further descri in the Auditorfs re$pwsibillts for th8 audrt of the finantial staternents S8clion of our report. We are independent of the charty in accOlan witti Ihe ethical requirement5 that are rekvant to our auLIrt of the finanoal siemeni$ in the UK, induding the FRC'S Ethics1 Standard. and the provisions availab for Small entiiie5, in the UrnStanceS Set out in note 21 to the finanty 5tateTnen15. and we have fuifilkd our other ethical re$Donsibilts in 8¢¢ordanr the$8 requirements. We bVe th81 the audit evhleno we have okained is suffiiient and appropriate to prov$ a basis for our Dpinion. concl105 relating to goinB concem In auditing the finanEial $tllerts. we have condLKJed that the Trustees. use ol Ihe going corttm ba515 of a¢¢ounting in the preparation of thtr finarrial statements is appropriate. Based on the woth we have p6rfom)ed, we have not iden"frd any material unrrtainties relatirg to events or conth'thJn5 that, indivhlually or co118cbvety, may Cast signffi(ant doubt on the ¢ttadty'$ abilty to rxjntinue 88 a going in fora peri1 of at least 12 months frcfn when the finanaal statements are auth0ri5ed for Issue. Ouf r85wn5ibiliti95 r&sponsibilities of the directors wh resped to goiftg concem ar8 descri in the relEv8nt of this report. OthBr infonnation Olher Infotrnaiitln CLYnprl8e5 th8 InfrJitnatiDll InLau¢J8d in thv dllTIUdl Iwvil, lilU1 Ili¥ iTubl¢yi' T¥yvil. vlliyi than thefinan¢o1 statements and ouraudrtor'$r8tKJrtthgreon. The trust888are responsibl8forlh8 Qth8r infoTmation crrtained wrthin th8 annual reporL Our opinion on the finanaal statements does not Cover the other lnlormab.on and. except to the extent othewBe expliciuy stated in our repL¥t. we do not express any frjrm of assuran cmdusion thereon. Our r85pJnsibilty 15 to read the oth8r infomation and. In doing so. consider whether the other information is rnaterially Inconsi$tenl with th8 financial statements or our knewledge obtained in the course of the awjit. or otherwise appear6 to ttpatttrialty mi&Statsd. W wè OntY Such mat•nal innlten¢3 or 8ppareThl rn8teri missiaternents. we are requi0 to éelerftn@ whether this gnies rbe to a matwial mBstatemenl in Ihe financi $tsl&ments thernselwes. IF, based on the work we have perfoFrned, we ndUde that there is a materi rnisslatement of thKs other inforrnat"on. we are required tts report that f*1. W8 have nothing to report in this reg8rd. 19
Independent Auditorf$ Report to the Trustees of The Brothgr¥ of the Flrnt Order of th• Society of Salnt Francis Nlolters on wnich are requlrnd io rvpwr tyy vGuptlon We have nDthing to le)rt in resrt of the fOlkWTrj matters In rdauon to whi¢h the Charitk¥ IA¢counts R8POrtsl Regulation$ 2003 rw]uiTr us to report to you rf. in our opinK)n.' thÈ Infomiatim gwen inthefinanty815t¥t¢mehts L8 1nuytslstent aTryrnat8rial respsrtwrth Ihetntst8e&' r8pJrt, sumcnt retxwtts nDt been kBPt. vi thE finan¢i41 staterrents are not in 8gr88ment with th• acrAUnt[ records,. we h8% not reLYNed all the information and explanatn5 wuire our aud Rosponslbllltlgs of truste85 As explainod more fvlty in the trusteas, re8pon8biliti¢s ststemBnt jet out on 18, thc Iruatc¢a ar¢ reaponoiwb lor thè preparation of financ4al statements which give a true and fair wew. antl for such internal control as the ustses determine is nessary to enable the preparatson of fiN2ncid statements that are ffee materkgl rniS518twnent. whether due lo fraud oi error. In prepariffj finanaal st8teTrEntS. the tru5tee$ a wponSib for 888essing the charl$ alty to continue a5 a gtyng conm, disdosing, a5 app1Kab. matters related to going conrn U0 the goiry ¢or¢ern bas15 accounting Un55 the trustees either int8TrJ to Iw4uidate the charty or to C8aae operations, or have m reali$b"c atttrn£tiv¢ but lo dv oo Auditor'$ responsibilltieB fortho aj[t of thtrfin•n¢lal stat•Thnts We have been appointed a5 auditor under se¢bon 144 of the CharitEs Act 2011 and report In accordance IwJulation$ mode or h8wThJ eff8Ct thereunder. Our obje¢tives at0 obtain reaSonabaSsUr8nCL aboutwhetherthe finanoal stateMts a$ arefrfrom m•t•ri•l rnisststÈnwnt. whslhor du8 to frgiw4 or Arrfr xhfl tl> k<iJA Afi 2uditDrfs rèport Ihat indudes our orinion. Reasonable assuran is a hvJh levd ef assuranc8, bul Is not a 9uarantee that an 8Jit CoU(led in accordan Yth ISAS IUKI wll ah¥ays d8t8Ct a rnaterial mtsstatement when ile$t5. Misstslmnts can ar188 frorn fr8ud or error 8nd are nSJerI matsrial rf. lThYkU8ty or tn the agJr8gato, they (x)uld a$onabfy expected to inlluenco th8 8conornic decksKJn5 of users t8k8n on tha b85i5 of these finandal statsmenl5. ltregulalit$. IndLw¥ino fra, are in51ance5 of noMlan with and reuutstK)n$. We desvjn prctedure in line Trmlh our responsibilitie5, oullirEd above. to deterA material Mi55tatNents In pect of irregularit. induding fraud. Theextenl towhi¢h our procedure5 ate capabk ofdetecting IrregularitS, includin9 fraud detail TheIrttoWh th• audlt VAS con&lderod capabh of d¥toctlng SrTrgularlilo5. Includln9 fraud Our approach to entying and a$seswng the rkS of [[rial misstath8nt in r8SP8ciof irrwJularW$. IndLbJing fraud noTrcomplian¢e wth laws 8nd requ18tions. was as fojbws.. the engag8rrÉnt partn&r8nsurod thatthe 9ag8[rnt f8am wllacbvely had the aFprcpiiatecomWenL, capabilitie5 and skills to identfy or recconis? non- complianc with apIcable Ugws and regulations.. we entffi8d the laws and regUL9t)S applicable tothecharity through di5cussKJnswith trustees and other management. and from our CoMral knOwge and eXrrKe ofthe Charity sector. we focused on swafi¢ laws and regulats'ons which we Consid may have a direct material effe¢1 f the financial sla¢em8nls or the operations of the ¢hanty, IlUdij gislatiOn su( as the Charibes Act 2011.. we ssessed Ihe extent ol tr)MplIan wth thg laws and regulatms identthl abova through making enquiries 0fmanageEnt, contaCtHI9t en$301torforanydetslL8Off TKnkn¢¢mpIKgnce and iropjcbng Current year kgal expenditure". and k18ntifk8d and regulabon$ of partTrar revale were cornmuni¢ale(I wilhin the auditteam regularly 4nd the tsam remained 8krt to instsnr£s ol nowmF4ianco thrwghout thE aud 20
Indepgndont Auditors Report to tho Trustogs ol Thg 6roth915 Ot ifi• FiY8t Ord•r of th• Society of Saint Francis We assessed the susptlrtY of the (thariV$ financk81 stateftEnts to material mBstatenpnt, irK4uding obtaining an undetstandino of how fraud mioht (thjr. by". making enquirw of manageftnt as to where ttw considered there was 8Usr£pti.lty to traud, th•ir knwledge of ts¢tuol, Èu¥eoted and ulle5ed fraud", con5vJeriT¥J the intemal contro15 in 10 mitigate risks of fraud and nOn4Ap1lanr th laws and regulations,. and To address the rkEk of fraud through m8nagerrNrynt bK95 overridE of contro, irK4uding any fraud 8ss0cthd wilti revenuE recognrtion. we." perfomied anatytrAI procdure$ to identlfy any unusual or unexpeded relats"on$hips'. lut¢d joumal entriy tg identfy unysu)I trprwotioM', aSSSed wheth8r judgem8nts and assumpb'on5 rnaY8 in de18rrniniThJ the accounting estimaiES set out in Note A$6ets We itx1icatsve of wtenbal bias,. Ir¥d a sample of inuJmetransact4)ro from sour(t 0mentatIOn to nrmin81 kdgers,. traced a sample of incorne. induding legaae5. arcund the year-end frcrn source docUrtaOn lo invoK• t¢ 6nsuro cth-off is oporatin9 correcuyi and 8valualed the busin8$9 rationale of any snifiCant transarons that a unusual or out$iOe th8 no81 course of business. In r88ponse to the ri8k of iff8gul8r8s and rYjTrwnpIhqn wrth Iws and wun8. we deshJn8d prcrt8dur88 which Inded. but re nol limitEd to.. ¥g1n9 finanryal ststement di8rJosures to underlying sUppONA dOlMenta"0n.' rvodin9 thv tninvt¢3 of rnting& of those (tharged with 9o¥ernanGe", 8nquiring of man8g8m8nt 88 to actual and potentl81 lrtigatkin and daims against the charty,. There arè Inherènt IimrtaiKJns in our audit protAures described above. The MO ftVed that and re9tiOnS are from finanual transact)1. the less likety it that we would become aware of non-cornpjiance. Auditing slandard$ aLso limit th8 audit prordures required to irtenlify non4omplh?nc with laws an¢ regulations lo enquiry of the trustees and other rnanagent arvj the inspeGtson ol regUtary and kgal Gotre4)ondeTKe. rf any. Mater1 FlaterETh3 that ariae due to fraud can be harthr th•n thox th•t •rix from err •Jthey infve d8ltserato ralrnent or llUSIon. A fvrther de8crtw of our responslbllmes for the audit of the finanal stsiernents 1$ lorAted on the Flnand8t R8POrting counu1.swebte at.. wwW.frc.org.ukJa1or8r&$pDr1b11il. Thb d&s¢Aption fomis part rfour auditorfs U• of our rwt Thv& pOrti$mae$0Ie1YIOthe ¢harlW$tru$tees. as ab(xJy, in accordancewith the Charitses (Accounts& Report$l RJUlati8 2008 and the regulations made under tion 154 of eharrtACt 2011. Our auort work has und&rtakén so thai we might stats to ttr Chaiitrfs trustee5 those tnatters we are required to State to them in an auditgrfs report and for no other puw. To the fvlknt extent petrnitted by law. we do not a¢p1 or a55Urne responsibility to anyone ether than the Charity's truste85 as a body, for our audrt work, for this report. or for the nions we have forr10. Grea¥es West & Ayre ()ate ¢hart8r8d Accountants Statutory Audltor 17 W8lk8rgats 8erwdÉ.0fvTd Northumbedand T015 1DJ G8ve$ Vvesl & Ayre is elwJiNe for app(*ntrnent as auditor of the ¢harity by of ts eligibility for apLX)intmènt as auditor of a company und8r stiC 1212 of the Compani8s Act20fA3. 21
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. IEurop•an Provlnc•) - Reglsterod ChaFIty No.. 2364 Balan¢0 Sho•t È at 3tith 2tr24 2023 Flxod AMet¥ Buildiws- Freeho&J Building8- La88ehc4d )lor Vehide5 Equipment Reratl8 En8rgy Investsnent ProperUe8 Investrmetrts 4,035,980 4,490,817 189 7.535 164.871 846,628 1.640.170 6.695.373 378 7.667 179.757 480,r 1.52B.4100 8.657.019 Stock Debtors and prepaymerts Bank and 8Ing Souety C%k¥Jsrf Fur% Cash at Bar Gash in H&nd 10.022 5,827 986.661 160.0 1.837 1.164.237 3.919 161,889 336.821 15).4O 14 f&8.$41 Curmrtt Ll•blNI Creditots owin9 Ikt Current A815 15 1112,9911 1.051.246 116.3091 642.231 NET ASSETS 7,746,620 7.299.250 FUNDS DesKJnated Fupas General Fd$ R•qtrict•d Furrtl4 12 12 t2 6.830.567 535,912 6,581,180 422.287 295.812 7,2.260 TOTAL FUNDS 7.746,520 N.B. Thè notsts on pages 37 10 51 forn 8 part ofthe5e •ccounl¥ sr Micael ChrBtoffBr- Trtee Minlster Pnd81 Br P8t8r- Tnjstso /?. 12. 202
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FFiANCIS. IEuroFwi provincei- RegisleO Gharity NO.. 2Jfj4fj4. forth•>wllr•r4VdJDth•xI14 G•n•rnl DKlgnrt•d R•kt•d Fund& T112•24 Tots1202J Donab(SaNd Tnr&lrwwo 391.332 4.26D 139.8SD 86,196 4eo.4S1 19e.974 165.887 183.909 210.851 207.411 tertst ond Inbtstment Ir•)J 65.951 32.699 85.951 32.699 50.357 21.355 Engaoemenis 7.933 9.841 Renwb1 Errtryylncenbb7J 26.660 25.660 65.423 23.167 12.862 31.854 65.423 23.167 2,704 59.629 1.620 9.958 Smp Sloè 32.888 778.e33 32,889 1,147,732 36,656 1.W,624 2.TT3 156.125 ShopandPuNi(iW cth ¢rf MBn&3iNJ InvÉStmertWOWbe6 ¢1¥bh• 14.CO 7.043 59S.092 615,214 162.619 14.C40 e,71B 79.$97 79,597 78,529 849.872 870.594 276.73 818.45$ 831.173 2J7.451 175.183 37.590 rivAuationGan on IrNeslmenlPryti95 M&UArtlsllA>5SesYGnsOTh knve#mwrt5 58,862 111.771 1£ 111.771 162819 ¥.223 78,S29 447,370 221.334 1mprrA£mes. VeNcs8 113.7561 146.125 15.956 226.917 112DO) 74.329 447,370 221,334 Tr•rMfryr44tYMrEnd Ir8 Tithe (20,0001 110,0001 20, Fund 10.0 Funth 113.62S 249.417 84.329 447.370 221.334 6.581.150 295.812 7.299,250 7.OTI.918 Iw•rd13W241 55S.912 6.830.567 380,140 7.746,620 7.Y¥J.25D N.B. T n&eson pagÈ9 371ts51 dthèseacwurts. The Ststfjtryrf Altvrtips indudes9 inihè Al rÈ$t# dÈnvefrtth
BROTHERS OF THE FIRST ORDER OF THE SO¢IETY OF SNJNT FRANCL8. IEurop•an PrOvInl_ Rggtstsr9d Ch•rlty No: 236464. plrN Fw 311. 71,981 117.rm 40451 I974 16&887 336.7BI 81.974 S1&) 16175F l8r so57 21.5 31.971 19. 9.841 9.841 13.077 193 76.705 ps IhGt4 .467 129.WT 29),231 I,r64,824 1.312. swar CAbsts ,718 8,718 IS4.176 154 176 124,2691 81B.455 827.173 237.451 813 825.115 487,549 7&455 173.778 11&117J 11&117) 134,1815 87.k45 140.3e61 1rn7T6 221.334 11, 16.nui 124 10.7 I18.) 74.7 164. Tr4nrfvTh4¢Yt4rEnd Ir¢wTh 12a 12a 15.&9)1 Rx¥)I 15th) 4579 YJi¥ )747r 6,5T6. 6.581.151 125.524 295.612 7,07T,91É 7,,2$0 &624. 24
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. (EUropn Provln¢e}. Rogl¥tsrod Charlty No: 236464. fNthe ywrwdtd 30th Jun• 2024 2D24 2023 Cash gAnérat£d Imr(absOlb0d ty) 17 492.50B 580.408 CaBh I%110M In¥o#drtg aeta¥ltlBg Purtha8eoftsngitlo Ilxed 888ets h¥esknentirion$ ll¥Il¥1¥ tNvhJerMl$ re¢oived Proceed$ of Di$w8al 0ftan9thfixlas5w 156.5481 480,000 tS.2lQ 47.742 153,942 42.813 16J,346 1446.9581 InGr•tt•lldllcrHu•l In (uh arKS¥h •qUThf•l•)l Q55,854 133.450 Ca8h 8ndeaBhequNalwt8 at binnin9 of ye8r 492.733 359283 Cs¥h ¥d W1¥•10 at4nd ofy 1,1dB.S87 492.733 Relthng to.. Bank bakwcas *)J 8horttemthposrt8 1.146,587 492,733
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. (European Provlne•l- R•glstèr•d Charity No: 23646 Note5 to the Accoun1¥ lorthe Yearendod 30th Jyne )24 1 Accountlnq Pollc asA Charfty lrfornatlon The Brothers c>f the First Ord¥ of the Socidy of Sl Frands (kn as SocEtyI a re>]Islered )laTrty ith tt Charity c4mmissic. numtw 236464. feyisièred Offi is Tha Friary ofsalnt Fran8, HIWY, Drthe5ter, DDf5eL OT27BE. Th& Brothers of the First Order ol Ih8 SorA8ty of Saint Fraws Is a ReligltyJ8 Ctymmunty for rren In the ArwlKxn Commurri. The wcrt of ety is sweadlhroughojtthe worfd and into five prowrte5 ofwhirhlhp European pn Isone. Accountlng convonvon The ffin8no815t8ternts have in 8¢cC8 the Charth5 Act 2011 A(xr and ReyJrlng by ¢lk4rib statement of Rrnended 8pthtth to tharitsps T)rewrNJ th&r atttyJnts in arLord8nce the Finaal Stsndwd 8plicabFe in the UK wxj RepLth Df tLnd IFRS 101 lès arrded for Jting perrtth 1Bt J¥yAy 20161. So&ety a 8gnefft Etitity a¢ dofinéd by Fkg The are ster'rvJ, whh the jrOI cutrry of the Socty. anTrJuDts in thue firwKwl 51a¥naN8 roundÈd ts the nearest £. The acwunts have been yepared under th8 cost ¢ventI(, rnojffied to inrjuds inve5trnent prorati&% and certan financi61 Instruments 81 fw"r YUe. The pri1Kry dcxuntirvJ KieS adokied art set ojt telow. ColThg At the time of apkyoving the actounts, ts trustees have a reasonaNe exption thai the sOety has adequ8te 5rreS t¢ a)nbnup orwataond ax1¢0 for foreseeb fiJre. Thus trust ¢tinUe to a(W concam basks of acmuntirs in waring Gfft e 5818ries gnd pen& under Perpebjal Glft frorn mLYnbers i)f Ih2 BrothÈts of thè Flrst Order of tre Scoety of S81nl Frw5, gnd statsd inrAusib of 1rMet8X bjl netofany for s&41 srity payments and ConvitionS looc(upab"w Freehold properbes by SSF at G&sshampkn. nr)th, Hlfidd, 113 Ro1 Pthriw 42 P8m Street askn¥. a8 wdl as Invesvnent wowb"e5 at 42 R055al RoJ L$, 85 Crofton RO and 134 Wirrhpap Cantethty. are ve$t8d in the cttlra for CPbafptiè8. a8 Mminees oflhe Society ofSI Frarv& SSF ig wmTrrt ffÉè use ofthe Inve5knert prowbe5. bul &5 IHt4e for Iheir upkeep. The origin81 cost of the prwrties acqui at our ndtIDn not ktKMn, ¢th)sequtty Il is not [sitIe ¥si any ¢Jegree of rttsinty to csltsJLqte the urall$e0 g3)se$ in their astset a gwen y8ar. The properfieB hekl by the Offic Gusioolqn ty)r tyn3rwe¥ are Inuuueu In me 848rte sneeT al Insurea a5 ar 30th Jwe 1995. (- %wth subSWLEnt a(lthns. Depreciatiw is carged on ihe5e wopeitw at a rate of 2% pw annum the cbsirrfj at th8 end (rfth The Brolhers annualy revtr carryiw valw oftre wopertes in d8rt0 (X)d Wthdrcrryiw v81w In the P£raJnts tatystat&l. in Ocftsdarew1th the wtryisions for impoiTmenl rewv1. Fhjtor veh$ are In&WJ in Sheet al c05tand tlepwthd on a straioht4iro basis o¥er4 years with 4 fijll yearfs detweo'atK chwged In the yearof purchasè. Ilerns of fumitLÈ, thng$ Ènd equimient OV8r £1,000 afe oenerally captsIL ar dÈpreciabJ cn a str8yht4ne bssk8 over 5 rnra. wi 11 years detyiabtin charged in the yw c wrcha5e. &naler items of expvJitwe to elpenditue in the yewr Aer8 Ene]yy $ts indujing the Instslbtirm of a BiLYN855 aTF inUed In tre yt atvj un 8 8traiW4infr basis over 20 years with a fijll 5dewerAation charpj in tsyeor of wrchag& nvestmenl P Investmeni yopety, wtrir 18 Fryerty hpkl ltt fentsts captsl aFpreciat¥. i5 inibzlly rerqThsed ai cos¢ whK* thJes tt wrchasè t1 sny diredygttnbutsble ÈxpendliÉ. b$eQuenty il is mea5ure(l al valup atthe rewtiw end date. cfBnges in fair ValUearernl in the St8thentof F¥EaralAtYthes. InYÉ8bn8ntproperty is Tre1 Stated at Truste8s' Ytion.
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. IEurop•an Provlnc&l- Regl$t8r8d Charlty No: 236464. Nows to the Accounts forthg Yurendod Joth Jun•2024 1 Actounting Politios Icontlnuedl l expwdiiure Is 8cLwnl on Xu¥l basis. R8sour(s ara to appat8 h8adings b8spd on IhE acbvities to whth theyare aknbulab SSF gratsfJiy acknowledges the supprrt r8Ce1 frrm ts wd1-Wthe Donab(k45 are rerHved txJth li M£8[ary fom and In ts form of gotrjs and 8ervKes wdtrout or al below norm (xjfflmercial rates. Wknnetary donknons, indthsirs legacvds, are iThJUj In nntfiAtI tnllv siith amtmint i¢ qiJanThfiablp oifis arè ÈxcjL trarn th& accoun The Brthrs have never madeany charoe 5hrrt4erm guests atKI retreaTrt5 in our Friars SD Ihis inrwkntand hvJhty p8rt of wr irKome is Inthded Wth Vduntstv IArre in tAr UTvJBr K.DUati(s Tfust Incomd,. InVesents Investrnents In the Bo•rd Of FKwn¢tr Invfyskneni fvndg 8re initialty rneAd at trAraCtiOn piic tran10 costs, aNJ are 5ubsequentty rneasud al fair value at each rew)rbng date. Changes in fail valL ¥e rwn18 in net irumingloutotyng resources bpfore tr8n5fer5. rsts are record as expensès as Ihey are Incurred. Urv4UOted inve51mwls are valugJ by the trustee5. T (ost01tr Investnts Is std In note g. Stcth are st of¢¢8t netrewble valw. Lèases ckn%fièJas fin&rte kases WhVerthe terms ofthe trgntssut6t8nt1ty 41 the ti5ks rtsrdS of c118hIp lo the 188S868. NJI other kases are cLgssItsJ as OFwabng kgses. Agsets hdd under twre purcjwe ¢xthtts JKI ffinaE ka¥es ale rwrised B8 twit4e a8S8ts attha of ts 88sets fwrv81ue * the date of incaption the pre8ant value of tho mifmmum Ita$& pymt> Tr reLgt8d Iiatrxlfy 19 induded in the b3lan(¥ sheet a5 a fin¥p¢e e oblitiOn. Leasp paYmts aw Iwted as consting of capital and Interest dement& The intwe5t 15 to net lnrtsm(ethre1 tortrye8r $0 8Sto Y¢yJ8 Crst WTi[x1 rate of int6reBtthth8 rnnIng bthnc oftha Ik9bW. The Sctiaty has dected to atr4y Ihe kyoviwons of 11 'Ba¥c FI¢4 In5trwnerts' d SecbM 12'Lther FInarK1 Instrumen15' of FRS 102 ts al ofits ffinaroal instrurnents FIrtial InStru)ts ar8 rwnis•S In the SocW$ tdance when tty to th8 trraL wovl8lons of th8 in5trurrent FIn8rKI 8588ts and liaknles 8re offset. wth the nel aToTrts prÉseTrtl in the firwK41 Ètatsm8ni whan Ilwe ks a gallY enforceabk right to Sot off the roD>Jnisod 0ntS thgro to ¥otUo > nst to NLA hA AA Anrt IhA lahibty muh8rwJBty. Basic finanual assets, wtmch in¢de debtors arvj cash and bank balances, are measured al trans3Cth)n wce irduding IransaLon ctsts and are subsequentty c4rned 81 a0Sl (x)sl using the effecbve interest rneth urless the aff8rwent con8titttss a finanryng Iransacion, wheth the trartsacbon Is meawred al yesenl of the rpts dIsry)Un at a market r6 of Int6resL Financ1 asgets clas8thed as recavab within ore year are ncl 8mrKbued. Basic finaroal lthltse5, indudity and bark IDan5 ae inthaY rewonis8d al transaction pri unkss the 8rrdrvJemenl wn5btule5 ywng transacm, where the debt in5trumpnt 15 measured at th8 present vaL of Ihe fult payments Q18¢tyJnied 81 8 market re of intert Financial Ik8tsliti&8 das8W as payab18 thin y88rare TrJt 8morbs&1 DEtlinstruw£nts are Subs•1YrarTwI 81 8rn(Ki5ed Ex)St. tye interesi rth Tr•Je cr&#ilors are oblwb.ons tr> pay for vr seTvie5 that h8Ye been wuired in th& ordlnary course ol yration5 fr suprA$. Amwnts p9ythe we Cl1 as (xwrenl IK4bilthÉS rf paym8nt is du8 ¥thin ywdr or k86. If not. they are preSent Bs nOn-trer I1blties. TrwJ2 cRditors rounised initialty * trans¥bfy) pice sutw•Y mg88url at smDrtsed ng Ihe interest method. Finarvia liaknlthBS S dts¢Wged when the Sc¢Etys contr•Jal ot4igations extwre ry are (wMx1. 27
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAI1 FIIANCIS. (European Provlnc•l- R8glst•red Charity No: 236464. Notes to the Accounts lor the Year ended 30th June 2024 1 A¢¢otsntlng Poll¢s IcoTrtlTrugdl Critical Ac£ounii nd In th8 ap8b)n of the ety$ arGounting w)h'(ies. Ihp TrustsÈs are requirtd to make jltyments. estimate5 a5surnptsons abrt carryiTrJ arnount of assets and li3kn1ibÈ5 that are Tr)t feadilrf aFyarem trom otrw source& The estimates and a55ted a.¢15 based on historical exper ¢Xher rwrs trthArelx9Ade to be vant. re15 may diffErTrTh the estimat85. The eytirnates and uryletying a55umptKJn5 are r&vww&J on an ongoing Reyb05 to nting are rwisl in the od in whKh the 1¢ whom rwghin affocte only that poriod. of irt th• wrbd of th• r•viAion and tur+ orA b)e rewS)n aff&* both lutwpprKMI& 28
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. (Europgan Provlncel- R•glsteYgd Chartty No: 2364 Not•• tolh• A¢counts lorthtryearended 3QthJun• 2024 DrytVGl•UI Tv1 ZOZ RAIAlngfiind Sp 8j PuL4icakn ttst8 CharilaW&Aclivitss Cosi8of man?rj Investronl proFerhes Tts jUS us&1 3b 4• t4.two 727.267 7,043 748,390 14,080 849.872 7,U43 870.894 8.71a 818.455 22.3CIJ 100.304 22,300 100,304 827,173 T1 IQ TEal ZOZ ShDP 13.662 1.043 14.705 18.165 32.889 17.838 1.412 19.25 17.406 ,658 Ffartmcan Mawne Inr Shopimd PvbllcabL Ct01$hOp ulgs OpeniJSIrd[ Puthase6 and Dir&tfrMt*ts Le8sCk4hw StLX Toi•l 2024 TrA•12tI23 919 615 8.421 {814 8,726 5.)5¢ 14,080 5,317 19191 5.212 3,5(b 8,718 FRnuxan MY9ane EXFdite 29
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANC (European Pro¥lnc•l- Registered Charity No: 236464. IIDtr8 b) forthu Vvr )Oth 2D24 G•noNI DMly#ed Fund¥ Funds Rebfd•d Fth Ctrup8rty Costs 24S.781 86.DD7 44.e82 10.713 46.806 31.824 324.4 273,703 78.452 76,097 Broth, Expens Brolher8' Fryrnabon 4.778 15.492 2.8)) PromDIth Of R10s Ufe Cha Trnvdand Twsport Gfflsand Equipwt staff Costs VOlunier Eypenses Postage and Tep pnnI9. Stslw)ngry and ¢Yncè S8feGtsaFdlng Othor.. Norrf8currhig Rural PayrrntAgeftLy Costs ForestytQSlS nmouth cnakt Profes&on Fees Bank ch•s 1.492 4.023 4.375 5,44B 35.550 35.550 54,519 13 17.510 ,181 5D.930 9.1BO 20.649 28. 21.& 15. 232 4,628 22.3LK) 22.300 33,306 16,565 13.358 237 18,565 13.358 237 37,321 37.Yd1 25.e63 2,5 1.950 2.OS8 555,559 74.9 79.5>7 71U,D35 685.916 2,870 62,360 6,773 01,132 . Bu1196- Fr& . lkIng. LeaEéhol -Vehths .Meb Er - Gain on diw . lfflpairmÈnt lknm8n¥>Jsis 82.380 18 14.88S 4,303 14,883 14,8B5 4b 39.&32 39,532 34,047 595.LYd2 175.1 78.597 849.872 818,455 atysii by ld. prforyear Generd Funds DesDa FuThJ# Re5thued Funds 587,824 154,17fj 76,455 818,455 Auditors ReMrs1-Al FeE -Ac(xJunlw& OthergeNkes - PtDfp5sthai & Lèjal Fe85 - cnaptr expenses 12,ofp) 16.728 14.016 3.920 6,011 34,947 10,804 39,532 2024 22,300 W80es The a¥*raoemMthnuMirtjnov3 1 (2Q23. 11. ND empknyo&rw¥gd bfftithdo¥er£fjO,DOO. 20.849
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FFUNCIS. IEurope•n provin¢i. Registereu Lnarity NO.. 2Jb4114. NOtsStr>th•AetOuM f¥t>Il•ndèd Joth Jn. 2024 En•r9y 9ulpmA Frwhc4d V•hl¢h¥ Total 2024 1Bt J023 7.790 9.IOB.740 z,n8 51810 1120,OW) 90.9291 8,176.516 {120.WDI {3W,9251 8.&54.372 Trnnsfetsio th¥ethmert Propths AI 3Cth Tre2024 297.79) 83,112 1siJuty20YJ 110.034 14,885 4.142.414 82.3 2,734 189 4.430,130 I,34 2.670 ImplMent 131.4791 153.1591 4,140.536 (31,479) $3,159 4.445. Trthisf•r4to At3th J# 2024 132,919 89,420 82,923 NBtBuc Vl At¥thjO2O24 184.871 4.CQ5.980 189 4.Xe,578 Al 1st Juty20tJ 179.756 7,667 4AW.817 378 4.678,819 The PALrtners ha¥ethielhQCthC1kne ffothr•J prWhyBal tho bwend4nd4Ye (lthfropknlcnlhattroue qr•ftyed provisin1 wenece5W. Thw&othEtS dthtti•A5thL4d Btthtr prqvK1J•nd4nd dlrymBdthi impalmlthlith6 propJrtyknwnac48Wyto 9AKèthat * ISIrtY$1811o. £1.537.95712Ui3£1,569.2391. &TYMl•N-Bulkllr&lmpro¥offlwta,V•hkhg 4 Eq•1 DMTr•t•d R•Jtrf¢i•d Fund Fund• Tow 2024 Fnd &Aulhlkno In c ofvithA wrthaxed in frfRÈneaÈ ErrgypurthBsed In Cwl rlEquwqnt purchasqd In y•x NBVol BU193 Fr¢¢hDhl wld ]¢ (2.n81 2.n8 12.73BI F4lrV•l 2Q24 2Q23 At 1 j20rd 450,ODO 337.7e6 Fmehold At30Jw¢ 2024 848.628 450.oc 2024 545.085 AccumU•d crn 32e.864 A to Inve9bYtt lre1tIll hehAnge ofuse folN¥ed by8fvrther2 PFOPgtI]B5 Intre ThèffvduÈOtthe Propthles be wthjed At byrelwwrte to maikat ewthrKcftr¥tsactlon prleesforskn11 prDPBrt. In the Trjslees trhvFawvakn at 3DnE20241lkn5th knvestrnwrt pmwrbus fUTreth rnatkèl vuB. 31
8ROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS. (European Provin¢•l- Regbtsred Charity No: 236464. Notes to th¢A¢conts lor tho y•ar to30th Junp 2024 8. Capltal ind Malor R•paiiand Other Commltm•nts Jrt Juno 2024, th• budg•t for tho yoar to 301h 2tYk& w$# Atirt tA prn1 CtAr Tha k741n0 cspiral MaIre¢0mmrtrnIS wer Agr88d'. 2024 1023 Alnmouih Fn8ry rmaarn C8nlerbury. Wincheap Glatsshampkn Mc)a8tery Hllnukl Piwiy Leeds PL8i8low. 8•b8m Street Ptow. Crofton Roed ProviKkil 32.500 41.200 40,0 35,000 Ql,314 2.620 250.000 I.)0 10.000 412,4SI 39,165 21,0 356.608 20.000 S18.603 g. FLY•d A65lt Ihvtstm•ntr 2024 ¢<¢ I•1 v•1 2023 C8F Inv•siMt Fu 1.136,882 1.840.170 1.136.682 1.526,400 2023 2Q22 qUOT•O Invo¥TmonTh In Tn¢ Iwfjnge8 In marKBt vabB In me yBar> MathetV81ue o11stJuly2023 Addthon8 Oispo8818 Nel IbBsllgain on teV8lu¥tiw a1301h June 2024 Mark&t VAlu8 at 301h June 2024 1.$28.400 1,064,517 480.000 1.640.170 1.528,400 Irrteie8tnd lrntsn•nt In¢om• Interest RBcvaDI8 Dlvkl8nds- CBF Investrnenl Fw Property - CBF InYostrm8ni Fund 182Qg 39,904 7,836 65,957 35.465 7.348 50.357 10 •. of Gffjup Net A••ots belwn lundv- Curr•rty••r G•nw41 D••lgnthd Fund FundB Total 21124 Fund• Tangib A$80ts Investment Pmp8tbes InvèÈtmènts Curr&ntAssets Curr8trt ts&bilitiB$ 4,208.575 846.828 1,$4ts.170 135.193 4.208.S75 846.628 I,S40.170 ,184.237 648,903 380.140 535,91Z 8.830.5e6 360.140 7,746.619 An@1$ IGroupNetAsJets bEtwn fundj. Prforyear General Daiiynatyd Rwtrl¢ Futha FWIOLI TfA•l 2023 Tanglbl& Fixéd AssAts Investment Propert Investments CurreniAssets Currpnt 4.e78.619 450,000 1,528,400 175.8681 4.678,619 450.000 1.528.400 658.541 -16.309 7 299 250 438.597 116.3091 422.288 295.812 6.561.151 10 IL R•¢on¢llMk)n ofMovem•Dts Unrullwl (LrmvG1IM on Invtstm•ntA8$$ts.' UnoIL8ed1lOSSeSj1g0Ins 9130th June. 2023 Unrsaliséd gBins on Disposals in yearlo 3Dth Juntr 2024 Net Ib$9esllgains on revBluAlion al 30th JunB 2024 Unre?Ir4ed Ibssesvgains o13thh June, 2024 391,718 391.718 503.489 503.489 11. Transa¢tion$ TAts•¥. The Tru$ieè$ ol the Chanty are 8180 8fDlhers of the Sttiety, as such n8¥0 tak oi povery unaer iney n8ve all perso1 righ15 to Income and capitaL The Charity wdeS forthe needs of mb¥s (* the ty. Th8 Imno coslg of the Brothu-Trustee8 are. IhErefore. borne by the Chality.
BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAJNT FRANCIS. IEuropg•n Provlnc81. R$gbtor8d Charity No: 236464. Notes to Accounts: Yearthdad 301h June 20Z4 12•. fdoY4mont In lunds lorth• Yoar- Summary iidLd FUMI RstrlGtsd Fun Tota5 F Total incom 778.833 212.ny 156.125 1.147.732 Toial expondKwo 1816.214 ff5.597} {870,9941 182.81g 37.590 76.529 276.738 14È1 Incomlnty¢Nrtgolt¥J re8ourc•s b•fN8 otson Coinon Inve&Tenl Propee Net Unrealsed 9ain5 In¥esknwis Net Re8118ed IhMes)Igains on Investments IncominglWoing Tour¢•• bTrlorn SD.062 111.771 58.862 111.771 182.e19 208.223 76.S29 447,370 Tr•nsl•r¥ rfurfng Yw.. 8u11ng Ifnvovemts. Vehdesand Equipment TT8n5ferred lolltotn Genetal Funds Transferre(Ifrryn GerhBral lo Dewgnatsd Funds TTan5leTw1t¢M frtm Restit Fund$ (2.7381 113.7581 2,738 15.958 12.2DJI 146.125 2.917 74,329 447,37D •tYwr4ntt'. Income fthe Tralr4d l&from R••triel•d TranSfed lolfrom Fund NBt movement in fur$ B8larw brought forward11171231 Bllanco• tavrf•d kn•rd IJOW241 120.0001 110.0ty)1 12.5NI 113.825 422,288 535,913 10.000 2.500 249.417 84.329 295,81Z 380,140 447.37Q 7.299 251 7,748,821 ,830.568 TNn8leYs dwlng Year Tr•n81•rred Irom Ger•I Fund¥ . £2,738wastranslerred from G8n8ra5 FLmd8 10 the Oesignaied Fix&IAsset Re5ervelorth• purchase d Equipment. - £15.&58 VA$ tran51erred Irorn Generdl Funds tot De9nated Fud Funa. Thi& lunJ cieatsa frcm mm frcrfn Hllfldd Fr for L¥thate ol foriha Trnnter5 atyurend - ,0cm)Ystransferred frDm General Fund8 to the ResiriLgJA8i At th8 refi4. - £5,tKN)$transferF•J Irom G8Ndf81 Fwd8 to tho Reslrirl&¥ Formation Fur atthB year 0. Tr•nslernlApproprfaiSons at the yearnd In June 2024 tt)e Pro¥iTrual Chapler agreed. th2 baLte aYaiLat4& on Ihe deonaied Funds for Ihe Year e0 Jure 2024- SUtie¢t 10 anihr(bcal vwficatithi- and the made frorn tw baLWnr'. Tr•tMlwrgd from GOIrnI Funds irthe of £20,ODO bas& uwn the of PThtthl General Fund 18 gel 8P>I- 89)ydlng 10 the agr8Ad pIcY of t Prowncia Chapter- prfrnarity lo Wp rfiwe the needs ot Yrfrfd'$ poorest. and lo prtLIar rewests frotn the scety ol Sl Francls to hdp Individuals dnd ryyanisatiDrts. -É2.500 to th8 DesvJnatwJ PiLerirYJ Emmaus Hi48 Ird80rra nJnnir¥J .ES3.810 fr the DesyanW Deveknrrfnent F tolhe DEsywat& Fixed Asset Rese¥e Fund to ffund thè r))¥8bon ol Bal8n Str88t. -t88.521 frun the DEsNJnaled Fixed As8et ReaevB Futvj lo IPB Da$K8ted Oevdrtyvnent Fund hl speCt ofthe dispwl ofa Fhold ryrty. -£139,850 tht )ed BeqLtSi Fund tothe De$otert Devekipment Fund to help fijnd Arture o)&ts Tekliry to SPWAtc piGIS undertaken bythe PrOvinal Ckwtèr. -£2.200 from the ReStrKI 8anduary Fund totr* Furvjb to fundftsls irtLYr•J in tyjr miswtyi and rnini81ry with A8rn Seokers and 33
BROTHERS OF THE FIRST ORDER OF THE SCKIETY OF SAINT FRANCIS.
IEurop•an Provlnco1- R8glstsred Charity No: 236484.
Notes tothE Accounts.. Ythrended 30th Jth)? 2023
12a. Movement In lund$ forth$ Yoqr-3umm•ry
eurr4thtyor
Total Incom•
684,487
129.D07
250.231
l.W.825
Total expendltUT•
1598.542
{154.1761
6.4551
27.173
87.945
124.2891
1n,776
237.4$2
Net IncomlrWrtYulng rettr b8lor•
gain{1¢#8•} w Invfj¥fmems
RevuatIon Gain on Inve8lmeTrt Prtwt
Nel unliSed gain5 on InvEslments
Net Res& 0055tsyoains on Inwesiments
Not InEomlnWLWrt9 YO8OUrtM t•forn tranBl•r¥
Tran%f•r6 rtun9 Y•ar.
BulhJlng Imwovemen15, Equipnent
Transferred lolfrom General Fundy
Trgnslerred Irom General lo gnated FuThJ&
TranBlerre& tofftom ReBtricted Funds
87.945
IW,¥BB}
f7S.778
221.33E
14.8201
18.a981
11.558
10.796
10,7381
12.4W}
74,729
118.032)
184,638
221.5
Tranthr8 atYur
E E E gljl I I, E>>
OJ LL Illl !,Ii!' VJ
$1 $ Eiiill Il'l,
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