THE BROTHERS OF THE FIRST ORDER of the SOCIETY OF SAINT FRANCIS Regklered Charlty: Number L36464 Year to 30 June 2025 TRUSTEES. REPORT and FINAL ACCOUNTS Auditors, Report Balance Sheet Statement of Financial Adivits'e5 Statement of Cashflows Notes to the Accounts Pages 1-19 Pages20- 22 23 24-25 26 27-40 THE BROTHERS OF THE FIRST ORDER OF THE SOCIETY OF SAINT FRANCIS (European Province) ANNUAL REPORT OF THE TRUSTEES Year to 30th June 2025 Legal and Adminlstrative Detai15 Charltable Status The Brother5 of the First Order of the Society of St Francis (known as the Socletyl is a registered charity with the Charity Cornmission. nurnber 236464. Contact Details Registered Addre55= The Friary of Saint Fr3r)ci5. Hilfield, Dorchester. Dorset. Df2 7BE. Website- www.franciscans.or Email: bursar55f franciscans.or Governln Instruments The governing instrument for the Soctety 15 "The Constitution of the Fi rst Order of the Society of Saint Francis"12011 known as the Constitution). which is read in conjunctr'on with.. a) "The Principles of the First Orderf, {1996, known as the Principles). bl 'The Constitution of the Soclety of Saint Francis" (2001, known as the Constitutlon f2001)1' cl "The Statutes of the European Provlnce of the Flrst Order of the Soctety of Salnt Francls. 12018, known as the Statutes). Trustees In the Charity Commission publication. The Essentiol Trustee ICC3. May 2018) it ststes"Trustees must act reasonably and prudently in all matter5 relating to the charity and must alway5 bear in mind that their prime concern 15 the charity's interests. The charity'5 income and property must be applied only for the purposes set out in the governlnE document." In comlng to understand the role and purpose of trustees within the Society we also tske account of the Hallmork5 of ¢Fn effective charity ICCIO. July 20081 which asks that as trustees we ensure that our mission and planned activities are within the purposes set out in our governing documeiits loutlined above). that we have a clear idea of our mission and how our decisions and documents need to be regularly revlewed to ensure we are achieving our 8031s: that we are able to explain how all of our activitie5 relateto and 5UPPOrt our purposes, strategy and mi5slon, and benefit Ihe publlc- and that we consider our sustainablltty, balancing what 15 needed now with what will be needed in the future, The trustees of the Soclety are taken to be those who 5erye on the Provlncial Chapter , which meets three times a year Inearto the feast days of St Francls, Candlemas and Pentecost). Some management of the Society Is devolved to smaller worklng groups such 35 Ihe mission. pastoral, and finance Eroups who can give more time and consideration to their respective areas of inleresl and the Provincial Chapter 15 the PrcwirKial governin8 body ol the Order. which is here defined as the communityof Brothers who have vduntarily dedicated themselve5, or are planning to d￿dIcate thèmselves, to"thÈ Servi￿ of our Lord jesus Christ.. following the EvangeliEal counsels pf poverty, chastity and obedience- IForrnulae of Profes5ionl In the splrlt of 5alnt Fran¢55 of A5$1si. make reports and recommendations to the Provincial Chapter. In addition. prior to the Pentec05t Provincial Chapter meeting all Brothers attend the Annual Brother5, Chapter in order to di5CUSS the alms, purpose and ministry of the Society and Order forthe following yearand beyond. For the perlod of these accounts the followlna Brothers have served on the Provincial Chapter and so have been the trustees of the SSF.. a) Minister General SSF ex ofPIcio Christopher Masters - B T Christopher John SSF2 b} Minlster Provincial SSF ex officio Alf Micael Ch ristoffer Carlstrom- Br Micael Chrlstoffer SSF cl Provincial Officers ex officio d) Cristian Bullga- Br Cristian Michael SSF, Novice Guardian Luke Daines- Br Michael Jacob SSF, Provincial Secretsry RKhard Double- Br Samuel SSF, Provincial Bursar el Eletted Provlncial Cha ter Members Cristian Buliga - Br Cristian Michael SSF David Fountsin- Br Malcolm SSF James YonBe- Br Amos SSF Nicholas Worssam - Br Nicholas Alan SSF Hugh Cobbett- Br Hugh SSF Arthur Wlnsper- Br Benedlct SSF Martin Price - Br Martin John SSF Jame5 Race- BrJame5 Douglas SSF Recrultment and A olntment of New Trustee The Minister General SSF Is elected Internation311y by all professed Brothers. of the Order, Initially for a terrn of six year5. The Mini5tef General may hold the office fortwo terms. the second of which is four years long. The Minlster Pr¢)vlntlal Is elected by all professed Brothers of the European Provlnce of the Order for a fi"ve-year term. The Mlnlster Provincial may hold the office for two temis. The Provincial Officers are appointed to office by the Minister Provincial and their appointment 15 ralified by the Provincial Chapter. There Is no set term to their appointment The elected Chapter member5 are elected by all professed Brothers of the European Provlnce ofthe Order for a three-year term. They rnay hold the offi￿10r two tem)s and are then not eligible to be elected for one year. Indu "on and Trainin of Tru All Brothers, upon their novicing. receive the Manual that includes a copy of the govern in8 instrumenls relating to the society and the policies, norms a nd precedents of the charity. Therefore, all trustees of the Soctety have a copy of our governing documents. Upon becomlng a trustee, Ihe I I￿l￿d￿al5, legal narn￿ are given first. followed by the Individual's name in Reli￿On. The Provlncial Offlcèrs are exoffl¢lo trustees when ihey are also a life professed brother. A professed Brother 15 a rnernbEr Dfthe Order who has taken vows of the evanBe5ical coun5e15 of poverty, chastity obedlence. A life professed Brother is a memberof the Order vého ha5 takcn the5E ¥OW5 lur life. brother is given 3 copy of the Charity Commission publication. The Essential Trustee ICC3, May 20181 and Charity Finonces.. Trustee Essentiols ICC2S. March 20171. The office bearers of the Order, especialty the Minister Provincial, the Provincial Bursar and the Provincial Secretary. take the initiative in keeping themselves informed of current best practice in the area of being a trustee or any changes in statute and these officer5 also take responsibllity that our current trustees and any new trustees are kept informed of changes and that ourgovernance Is in the spirit and letter of the law. Trnn5actions with Trustees The trustees of the Soclety are 3150 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 Soaety provides for the essential needs of all members of the Order. The living costs of the Irustees are, therefore. borne by the charity. Bisho Protector The Society, as a Religious Order within the Church of England, also has a Bishop Protector, whose role is outlined within our governing docurnents. The role is presently fulfilled by The Rt Revd Christopher Che55un. Bishop of Southwark Or anisation5 and Persons Workln with or on behalf ofthe Socle al Bankers.. The Cooperative 8ank, 80 Cornhlll, LONDON, EC3V 3NJ bl Auditor.. Greaves West & Ayre, Chartered Accountants, 17 Walkergate. Berwick-upon- Tweed, TD15 IDJ. c) Investments Managed by.. CCLA Investment Management Ltd, The C8F Church of England Funds, Senator House, 85 Queen Victoria Street. LONDON, EC4V 4￿. d) Insurance Agent and Adviser- Marsh Commercial, l Tower Place West, London. EC3R 5BU Ifrom March 20201. Poli n Investment "The brothers... deslre to have no securlty resting on earthly possessions but to be wholly dependent on God, relying on fakth 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 il may have the use into the hands of others" (Constitution 35.1 and 21. The Society Is not restrlcted In its investment powers, except where legally required. However, it is neither in the spirit of the Order, nor in its interpretation of tlie Gospel of Chrlst after the way of Salnt Francis. to invest in any material or linancial 355et other than to provide incorne for the day-to- day simple need5 of the brothers (with a particular care for those of elderly brothorsl and for the ministries of the Society. The investments recorded in these accounts relate directly to designated fund5. where such fund5 have been established by the Provlncial Chapter for specific purposes. We re constantly aware of ethical issues surrounding investments and so try to invest our 355ets in an ethical manner. Informatlon Comrnlssloner's Office The Society of St Francis is registered with the Inforrnation Commissioner's Offi'ce. reference number ZA765416. EIG pollcy numbef from July 2020 05AC10382301 The Annual Report ThÈOb ects of the Socl 'To build up a body of men and women who, accepting Christ astheir Lord and Master, will seekto follow him in the way ol renunclation and sacrifice as an act of witness and for the lovlng servlce of his brethren in the world.. ITO rnini5terJ to the uncared-for, the sick, the suffering and needy." (Principles. Day 2 & 211. "Praise and prayer constitute the atmosphere in whlch the brothers and sisters must strive to live. They must endeavour to maintsin a constant recollection of the presence of God and of the unseen world. An ever-deepenin8 devotion to Christ is the hidden Source of all their 5trenEth and joy. He is for them the One all-lovely and adorable, God incarnate, crucified and risen, whose love is the lnsplratr.on of servlce and the reward of sacrifice... chTefest of all forrn5 of service that the brother5 and sisters can offer must ever be the effort to show others in hls beauty and powerthe Christ who the inspiration and joy of their own lives." (Principles, Day 14 & 22). Public Benetit Throughout this report the trustees have 50ughtto highlightthose activitie5 undertaken by the Society in furtherance of its charitable objectives for the public benelit and forthe promotin8 of religion. The Society usually gives speci31 conslderation to how effective ère in our objects when all the Brothers meet in our Annual Brothers, Chapter, which meets just before the Pentecost Provincial Chapter. It Is at this meets'ng that we give consideration to where the Order is currently living. working and mlnlsterine and whèt change5 and developments need to take place. Many example5 of our vffjrk can be found on our website www.franciscans.or publication Fmnciscon. .uk and through our eration The Brothers of the First Order of the Society of Saint Franci5 15 a RelEIOU5 Community for men in the Anglican Communion. The work of the Order is spread throughoutthe V￿r1d and divided into five provinces of brothers and two of sisters of whlch the European Province is one. The unity of the Order as a whole is supported bya degree of financial interdependence, wherebythe particular needs of one provlnce can be met by the available iesources of another. The Society therefore benefits from thls international Co-opera￿On. The Society also particularly benefits from co-operation In some areas of work and administration with the Communty of St Francls IThe Sisters of the Fltst Order of the Society of St Francis- registered charity nurnber 286615) and with the Society of Saint Franci5 Central Fund (registe￿d harity number 280238). Governance and Mana ement The Soclety admlnisters Its funds through varlousaddresses and centres of work In the UK and one overseas location in Assisi, Italy. These are related to the Provlncia l General Fund in the sarne way as the 5F￿ke5 of a wheel to the hub. The houses help to finance the Province as a whole whenever they are able to generate a net surplu5 Within 3 given ye3r. At the samc time. the Province undertakes to meet local requirements as agreed through annual budgeting. The aim ofthis system is to allow for a degree of local discretion in financial policy making whilst maintaining an interdependence and rnutual accountability between our brothers as a whole. Each address of the Society admlnisters an account locally for the support of the brolherls) living and worklng from it and also to 3SSiSt in the mission of the Society In that locality. Into these are received donations. part-time wages and other bcal receipts. It can also receive transfers of funds from other Provincial Funds should they be required. or contribute toward5 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 a55iStance of the Provincial Bursar.. The Provinclal Bursar shall be responslble 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 financi31 year to which li refers.. Payrnents within the budget require no further authority but permission to make payment5 outside the approved budget can onty be granted by the Minister, in consultation with the Provincial Bursar" IStatute5, 11. 1-11.3). Financlal Stewdrdshi The finances of the Province are managed by a BursaryTeam led by the Pfovinoal Bursar, Br Samuel lappolnted at the June 2025 Chapter). who 15 overall responsible for fbnancial policy and governance. He is assisted in this by Ms Sara Whistance, employed as Financial Administrator with responsibiliiy for Gift Aid. insurance. legacies, and the keeping of records, also for dealing with correspondence. including communications with the house bursars. Br Peter dea15 With receipt5 and payments to and from the Provincial Fund. manage5 the accounting systern a nd is responsible for our relationship with the Co-operative Bank. The Team meets at least once a month, joined by Br Micael Christoffer, the Provincial Minister when he is available. A Finance Group. consisting of the House Bursars togetherwith the Bur5Èry Team. meets three times a year to prepare a report for the next meeting of the Provincial Chapter= in January to review income and expenditure in relation to the annual budEet, in April to scrutinlze and prioritize applications for capital expenditure for the following year, in September to scrutiniie the draft accounts of the previous financial year, and to recommend them to the Provincial Chapter. The Provincial Funds are dlvided Into the followin8 parts: The General Fund The General Fund includes ?[[ the income and expenditure of the Provincial General Fund and the house accounts, as described above. The Provincia l General Fund co-ordinates the work and mission of the Society, receiving the pensions of the brother5. a5 well as other revenue and capFtal receipts. The Designated Funds The Society 3150 administers funds designated for 5pecrfic purposes within the scope of the Provincial Funds and In koeping wlth the objects of the Society- Any interest recelved on these funds is transferred automatically into the General Fund. Details of these designated fund5 are listed in note 12b of the accounts. l) Care Fund: This provides funds towards the support and respite care for elderly or infirm brothers: building purchase and improvements to provide care faciliknes, it is also available for payment of services not available via the NHS: Dentistry (increasingly hard to find NHS dentists). opticians, and private counsellin6. £24.263 was expended from this fund during the year. leaving a balance of E276,271. During the past year one brother has needed to move into fulltime residential care. His pension is now paid directly into thi5 fund to contribute towards his care costs. ii) Bequest Fund: This fund received the un￿strICted legacy income of the Province totalling £225,053. £0 was brought forward from the previous year. At the end of the year £221,053 was transferred to the Development Fund. leavin8 a £4.C(IO balance at the year end. iii) In¢orne rrthe Fund: A tithe based upon the income of the General Fund Is set apart according to an agreed pollcy primarily to help relieve the needs of the world'5 poorest and to addres5 particular requests from within the Society. Small 8fdnts are made to meetthe needs of individuals with larger grants available for charitable organisations with link5 to the brothers of the Soclety. The sum identilied as a tithe of IncomÈ for the year ending 30th June 2024 wa5 £26,338 and this was albcated throughout the year 2024-25. £24,000 was transferred from the General Funding at the year*nd, 30th June 2025. This will be allocated throughout the year 2025-26. Further information on our charltable grants In 2024-25 tan bo found In note 13 of these accounts. We seek feedback from the organi5ations to whlch grants have been made concerning how the money has been applied. Iv) Development Fund.. The capltal and Ihe Income from this fund Is available in order to help offset costs relating to capital projects. All unrealised gain5 and1055e5 Qn our investments Ith is year £64,515) appear in this fund. £221.053 was transferred to this fund during the year from the Bequest Fund, leaving a balance at the end of the year of £1,411,249. v) Flxed Asset Reserve: Principally record5 the value of the properties and vehicles listed on the Balance Sheet after adjustments for additions. disposals and depreciation have been made. The majorlty of the expenditure is due to depreciation. being counteracted by some improvements and small new purchases. (See note 5 of the accounts) vil Renewable Energy Fund: Being aware of the priority for reducing carbon ernissions this fund exists to encourage the use of alternative energysources. £0 was received Into the fund durlng the year. There was a transfei from the Gener31 Fund of £30,0(X) with expenditure of £16,324 on solar batteries and Blomass UpErade at Hllfield Friary leaving a balance of £54.161. vil) Emmaus House. Pickeringp Fund: The property In Plckering has been used byvarlous members of the Orderand of the slster5 of the Communlty of St Francls for tlmes of retfeai hollday and, to a Ilmlted extenL Study. all of which are the intentions of maintainingthe property and forwhich this fund covers the iunning costs. The fund receives an annual donatson of £2,000 fromthe Community of St Francis for the property's use by sisters, and in this year a contribution of £1,313 from CSF towards repalrs and refurbishmenL There was a transfer from the Provlnclal General Fund of £2,500 leavlng an end of year balance of £9,247. viiil Hilfield Fuel Fund A fund set up to purchase local biomass for Hilfield Friary which is pald back to the General Fu nd during the year. The opening balance was £8,408; £10,320 was expended. £12,CM)O w35 transferred frorn the General Fund and the closing balance was £10,088. The Restricted Funds The Society also administers funds restricted for 5pectfic purposes withln the scope of the Provincial Funds a nd in keeping Wlth the objects of the Society. Any interest received on this fund is transferred automatically into the General Funds, Details of the restricted funds can be found In note 12c of the accounts. il Hilfield Bequest Fund Iforrnerly the ARM Will Fundl: A fund adrninistered by SSF to cover the personal expenses of Keith Macdonald, a kjng-term resident at Hilfi"eld Friary. Keith died in December 2023 and according to the wlshes of his famlly the money is available to the Friary for a memorial to Keith. The closing balance is £4,721. ill Hilfield Land Grants Fund: The purpose of this fund is to receNe various grants from the Government's Rural Payments Agency for conservation work on the Frlary's land and to pay forthis work. During the year £12.817 was received from the RPA togetherwith £5,150 from Dorset Councll and £3.990 from Somerset Rivers Authority. Payments were made of £12,812 which includes £86 Spent on the Shepherd's Hut, leaving a balance of £14.265 (there is often a time-lag between receipts and payment5 which overruns the year-endl. iii) Glasshampton Fund.. A fund for the use of the Monastery of St Mary at the Cr05s. Glasshampton. During the yearthere was expenditure on boiler repairs totalllng £805. leaving a balance of £21,209 at the year end. Iv) The SSF Educatlon Fund {prevlously The HllfiÈld Educatlon Fund) for use of educational projects at SSF friarie5, and for 5UPPOrting the educath.on of individuals and of groups that vis¢t friaries. There was £0 incorne during the year and Grants of £4,549 have been made during the year. leaving a balance of £67,167. vl Asslsl Fund: Thls fund exists for the tinancial management of the chaplaincy based in our rented apartment in Assisi. The SSF recelved a grant of £5,000 from the SSF Central Fund Trustees. a grant of £1,250 from the Third Order SSF, and £1,366 guest donations and wedding blessing fee. Expenditure on rent for the apartment was £9,612 leavlng a balance of£9.146. vi) Sanctuary Seekers Fund: From a £10,000 grant received in 2020 to assist the ministry ofthe brothers workin8 With asylum seekers and refugees, particularly in our u rban friarles. With an opening balance of £3384.35 monthly grants were made to the 8irmingham friary during the year. It Is experted that the balance of £984.35 now remainin8 will be Spent during the current year and that the fund will then be closed. vli) Fomiation Fund: For the purpose of supporting novices and on-going formation within SSF, particularlyfor conferences, training courses and educational material. £4,641 ha5 been expended from an opening balance of £S.238. A transfer of £7,<)00 has been received from the General Fund leaving a balance of £7,597. viiil Alnmouth Fund: forsupporting the life and work of the brothers in the North East. Legacle5 Specifically for Alnmouth totallin8 £23,840 were retelved Into this Fund. There was expendlture during the year on Archrtect's Services, repairs to the stonework window mullions, repairs and roofi'ng works to the Sacrament Chapel totalling £17,631, leaving a balance of £7,606. ixl Plaistow Fund.. Money from legacies and donations received for the support of the life and ministry of the brothe at 42, Baiaam St. There was no expenditure from the fund during 2024-25 leaving a balance of £4,207. xl The Mlsslon and Mlnlstry In Ireland Fund Followlng recelpt of a bequest of £38,259 for the work of 'Anglican Franciscans in Ireland., a new restricted fund was set up. The Minlster Is engaging with The Church of Ireland and wlth members of theThSrd Order io discuss how the fund might best be applied. xl) The Hllfield Kelth Matdonald Fund FollowSng Kelth's death In December it was his family's wish thatthe trust fund for his benefi't sel up by hls father {and which was returned to the family after Keith's death accordlng to the terms of that trust) should be transferred to the Society in acknowledgment of the sixty-seven years that Keith was supported while living at the Friary. This is being covenanted annually by Keith's nephew over five years at £50.O¢XI, (plus investment incotne pertax year). The money is held in a separate CCLA investrnent fund. the Income to be used to support the life and work of Hilfield Frlary. The balance of £194.134 has been transferred lo a new Hilfield Keith Macdonald CCLA Income Share Fund and the incorne paid into the Hilfield Account forthe benefit of the Friary. xll) The Amerlcas Fund. Set up to receive a legacy of £114,783 from the brotherof Br Robert Hugh SSF who lived in the SSF Province of the America5 for more than fifty years. The will requests that it should be for the benefi't of the Province of the Arnerica5. The total content of the Fund wa5 transferred to the Provlnce of the Americas as agreed by the Provincial Ch3Pter at Pentecost 2024 (Item 12a). Thls fund has now been closed. Reserves Poll In accordance wlth our Ob ects: Atcording to the Principle5 of the First Order of SSF, our security comes frorn God alone and not fn)m the establishment of large reserves of capltal, financial or otherwise. In order that we may seek to live in tune with this It is our policy that the Provincial General Fund should not normallv accumulate significantFy more than 50% ofthe annual expenditure from the prevlous financlal year in order to protect the charitable activitie5 Of the Society- We have decided to be more prudent, because of the reasons noted below, and Increase thls to ILKI% of annual expenditure. The General Fund on the 30th June 2025 held £639,381 and the annual expenditure was £658,567. While we believe that brothers are to hold nothing in resen4e, the trustees realise that the charity ha5 a duty of care to look after elderly and infirm brothers and to maintain the pmpertie5 from which its ministry is based. It is projected that due to the age proh'le of brothers In the Province income from pensions is likely to decline significantly over the next ten years. In the Ilght of thls the Provincial Chapter June 2023 re-affirmed the decision in June 2020 to build up our Investrnent portfolio in order to prDvide a level of income equivalent to the expected fall in pension income. nnual review of transartions and financlal Income: It is the current Policy of our Provincial Chapter to budget our annual revenue expenditure against live income. We gratefully acknowled8e that income apart from legacles usually covers our basic Costs. Income from legacies Is held 85 a separate designoted fund. The income f rom interest earned on the designated and restricted funds and local house accounts are normally taken into the General Fund5. We are again retninded this year of God's blessing th rough the generosity of so manyfriends and supporters throughout the year. osltion of the Charlt The chief areas of regular intome continue to be- the generous donations people Eive us (£589,051) legacies1£235.OS3) the gft aided pensions and salarie5 of our members (£236,234) book and shop sales {£34,712) income from Interest and our investments1£87,5411 renewable energy incentNe51£39,3081 Income from investment propertles {£46,8461 Brothers. engagements IE7,5441 lrt a broad sense these categories could all be seen as money'Èarned' through the ministry of the brothers and the Trustees wish to acknowled8e here the invaluable part ihat individual brothers and houses play In the material running of the Province as a whole. Expenditure: The expenditure of our hou5e5 and the support of the l•fe and ministry of our brothers In the year totalled £581,181 (see note 43 In the accounts). The cost of Governance for the charity totalled £58,465 (see note 4a within the accounts). Staff costs were £29,445. Our charitable giving in the current year totalled £175,4271114,00 of which was the transfer of funds frorn the Americas Fund as in note vii above). Note 13 in the accounts set5 Out our poliry regarding donations and give5 a summary of these donations. A capitsl budget of £412,434 for 2024-25 had been agreed by the Annual Brothers Chapter in June 2024. Among the works undertaken withln this budget have been: Completion of the Chalet renovation 3t Plaistow. Blomass boiler upgrade, solar battery storage and La Verna disabled facility, in Francis House at Hilfield. Roofing works on the Sacrament Chapel and repalr to the stone mullions of windows at Alnrnouth. Electrical safety work and decoration at Gillott Road, Birmlngham. Repalr of rental property at 42 Rossall Road, Leeds (extra to the budget). The installation of a new shower for Br David Jardine in Belfast ladditional to the budget). Assèts held for desl nated ur ose5. The majority of the monies of the Society are held with the CCLA Investment Management Ltd IThe CBF Church of England Funds) and the Ecology Building Society in order to 5UPPOrtthe Funds designated for specthc purposes. These Funds are outlined above and in the notes of the 3ccount5. The Investments of the Society are Shown on the Balance Sheet at market value, with the original cost being recorded in Note 9. Flnandal osltion at 30thJune 2025 wlth re rd to future commitments and liabllltles. At the Pentecost Meeting (June) of the Provincial Chapterthe members consider, In the light of budget5 submitted by the houses and ProvSnci31 officers, what commitment may be undertaken across the Province, bearing in mind the anticipated financial position. Once the books for the previous financial year have been closed the Province rnay adèpt the budget to take account of any unforeseen changes and wlll then embark upon the agreed programme. Flnanclal Prlorlties To bulld up an investment portfolio to replace the projected reduction in incorne from brothers, penslons and so sustain the on-going lrfe and rnini5try of the Society To ma ke provision for the on-8oin8 care of older or more infirm brothers To invest In measures which will enable SSF to move towards Carbon neutral by 2030 It's the policy of The Society to maintain its properties up to 3 good standard. quinquennial surveys are cornmi55ioned, and priorities are agreed for a programme of capital work. Budgeted iterns of capital expenditure totalling £169,283 were agreed at the Annual Brother5, Chapter June 2025 and confirmed at the subsequent Pentecost Provlnclal Chapter. Note 8 in the accounts lay5 Out proposed work: Hllfleld £47,460 for windows in Clare and Franc￿ Houses, baihrooms in Clare and Dougla5 Houses, Barn and Craft Room Internet, Hymn Book5 for Chapel, hay rake, additional storage for machlnery nd a second electric car. Alnmouth £3Q,928 for guttering. Chapel Iloor re-decoration and floor refurbishment, tree work, Prayer Hut renovation and toilet, re￿arPet 2 bedroom5, Aga conversion, 501ar panels. insulation and Guardian's flat roof leak. Glasshampton £24,300 for Turret Clock repaits, cutting down overgrown leylandii hedge and Quinquennial work. Plaistow £17,225 for tree surgery. and exterior redecoration plus woodwork repair at the rear of the main building. In addition, £10,000 15 set aslde for discretlonary use by the Provinclal Bursar to buy or repalr Èqulpment that cannot be planned, such as fridges, washing rnachines and computer5. io Use of Volunteers and Donatlons to the Charlt The Society is blessed by the generosity of those who sUPPOrt it, not solely by money, but also by our volunteers and the ti me that they 8lve to help in practical ways. This is received f rom those who perform works for houses at considerably reduced rates. Others provide freely of their time or gifts and yet others support us in their prayers. In the main part, these small acts of 8enerosity are performed on a local or personal level, one brother or one house receiving the beneh"t. Consequently, these donations are not quanrifiable within the formal structure of an Annual Report but the thanks of the Society must be recorded. Data Protection A data audit is carried out annually to comply wlth the General Data Protection Regulation. As the Friary of St Francis, Hllh'eld, now has a Cctv system to aid security, the Soclety of St Frantls now has a CCTV Policy and is registered with the Information Commissloner's Offi'ce. Serlous IntldÈnt Re orts There were no serlous Incldents reported duringthe year. Rlsk Mana ement The Trustees have conducted thelr own review of the major risks to which the charity is exposed and have set In place svstems to mitigate these risks. Internal risks are minimised by the Implementation of policy, norms and precedents (which are regularly reviewed) and these ère gtven to all new members of the communlty. A regular review is maintained of bank balances to gain rnaximum benefit at a time when deposit rates fluctuate, and the Provincial Finance Group tontinues to monttor other safe deposit opportunities. Safe uardln The Independent Inquiry Into Chlld Sexual Abuse has highlSghled the hlstork Inadequacies of the Church of England and religious orders in p rotecting children from all forms of abuse, but particularly sexual abuse. The Society takes its responsSbillries towards safeguardln8 very seriouslv and reviews its Safegua rding policles annually. It has been agreÉd that all brothers and volu nteers must have trainin8, renewed every three years, to the CO and Cl level. AS3feguardin8 Officer for each house is appointed annually at the Pentecost Joint meeting of the Chapters and is expected to u ndergo C2 level training on the sarne basis. In addition. those broiher5 who are ordained and hold a licence or Permlssion to Officlate have to recelve tralnlng from the diocese in which they are ministering. Br Tobias has been appointed a5 the Deslgnated Safeguarding Person for the Society. A joint Safeguardin8 Committee with The Community of St Francls - made up of the two Ministers Provincial, both Designated Safeguarding Persons and the link brother or sister for the insurance brokers - meets twice yearly to conslder mattors of safeguarding. Our safeguarding Is wtth the Diocese of Southwark and there have been meetin8s. A Harassment and Bullying Policy and a Formal Complaints Pollcy have been endorsed by the Chapter and the Safe8uarding pollcles have been revlewed. C ber Securl & Inteinet Provlsion We are aware of the growing complexity around computer use and the risk to the Society of computer virtsses and problems, potentially leading to the leaklng of petsonal data or online fraud. We are also aware that our reliance on the internei slnce lockdown has Increased the level of risk li through onllne purchases and theft of data. The Soclety Is always revlewlng fts systems to ensure that our computers and the information they hold are protected and can be best utilised for the beneh-t of the Order and our charltable aims. An annual audit has been estabfished of all devices Used by members ofthe Society and all brothers are expected to undertake free trainlng in awareness of the rlsks of cyber-crime with the Nation31 Cyber Securlty Centre. Developments by the 5oclety wlthln the year Z024-25 Atthe Pentecost Annual Brothers, Chapter it was reluctantly decided to withdraw our SSF presence from St David's Pilton, Edinburgh on account of the brother who was the priest-in- charge requestlng release from the Society of St Francis. Without Franciscan leadership the Chapter felt unable to continue to support its ministry in the place. Sadly, became necessary for one brother to enter professional resldentlal care. Capital projects undertaken durlng the year have Included a major renovation and improvement of the resldentlal chalet at Plalstow, the repalr of the Sacrament Chapel roof nd stonework at Alnmouth and the construction of a shepherd's hut at Hilfleld In orderto provide additlonal retreat accommodation. The Life of the First Order Brothers of the Society of St Francis 'The oblect of the Flrst Orderls to bulld up a body of men [ond womenj who. accepting Christ os their Lord and Moster, willseek tofvllow him in the woy of renunci(Ftion and5acrifi.ce 05 on oct of witness ondfor the loving service of his brothers Gndsisters In the world, (The Prlnclples of SSF, Day 21 Our Ilfe Is essentially that of fraternity. Ilved In communlty In whlch all share responsibility for faithfulness to the gospel after the example of St Francis of Assisi. There are five communlty houses {friarie51: Alnmouth Frlary In Northumberland ts In a wonderful situation overlooking the North Sea coast and where the brothers, hospitality to guests and V￿lt01S 15 well-known and valued throughout the North East of England and beyond. The brothetS also mlnister in the life of the local church and community. The five pemianent brothers arejoined by novices who spend part of theirthree-year formation at the friary. They are assisted in their lrfe and work by resldent volunteers and local friends. Glassharnpton Monastery In Worcester is a house of retreat and reflection where the four resKJent brothers offer the hospitality of silence, spiritual renewal and study. Novice5 spend part of their novitiate here free from outside engagernents. 12 BirminKh•m Fri•ry at 113 Gillott Road aims to offer sanctuary to those seeking asylum in the UK in partnership with other organisations which support refugees. With a change of brothers during the past year this ministry has been temporarily suspended but Is expected to be renewed during 2025-26. 113 Gillott Road The House of Divine Compassion, Plaistow Front o[Balaam Street, Plaistow The Community ot plaistow Established in 1894. Plaistow offers hospitality to those who are homeless, and In partnership with the charity, Helping Hands, is a place of warmth, welcome and the sharing of food and support in the local community. The four brothers are also involved in ministry beyond the house. cholet resurrexrt Hllfield Frlary on the edge of the Dorset Oowns overlooking the Blackmore Vale, the friary conslsts of a collection of buildin85 set in 50 acres of land, home to a lar8e community of brothers together with others: men and women. married and single, children, young people and those who are older. Hospitality is offered to guests, courses on Franciscan life are run and there is a well*stablished and increasing well-known programme of engagement with the environment. Hilfield Community photo 2025 ond o roinbow over the Friory 13 Asslsl SSF rents an apartment in the clty as a base for a succe5slon of priests- brothers of the First Order, members of the Third Order and Companions of SSF-to maintain an Anglican chaplaincy in this city of St Francls and St Clare. They serve the Angllcan congregation at St Leonard's church which is made available to them by the Roman Catholic bishop of Assisi. They welcome pilgrims to the csty and nurture ecumenical links. Two brothers live 5in8ly: Br David Jardine continues a lon8-established ministry of preaching and teachSng in Belfast. Br Austin Ilves at St John's Alms-house in Canterbury with a ministry of prayer a nd involvement with the local church. The work and mlnlstry of the brothers 'The brothers rond slStersJseek to serye their Muster by the life of devotion. by socred study ond by works, (The Prlnciples of SSF Oay 13) These three comrnltments of prayer, study and work are expressed In varlous ways. The dally rhythm of prayer and worship• both Individual and corporate. Is central to the life of the brothers. Each house has a chapel whlch is alwByS open to v15itors. V551tors often come with little background or experlence of a regular splritual practice, and while no effort Is made to proselytise, brothers are available to accompany them In their journey of faith. Some brothers have received particular training for this work and are under regular supervision. The Chapel ot Hllfield Communlcatlng the Chrlstian falth th rough preaching and teachin8 in churches, schools and colleges. Brothers respond to invitations to speak at conference5 and to lead retreats and pilgrirnages. One brother ha5 a parlsh appointment and those who are priests are sometimes talled upon to cover in churches where there is no resident vicar. Day and residential courses are organised for the public at two of our houses. Over the course of the past year several hundred engagernents have been undertaken by brothers, including a visit by brothets to Sweden where there is a growing relationship wlth Lutheran Christians. SSF Brothers vN5iting Sweden Br Finnion wlth vlsltor5 QtAlnmouth 14 Intorfaith •nKaK•m•nt •nd dialozu• Our two urban houses are set in areas that are strongly multicultural and where the practice of other faiths is prominent. Drawin8 on a lon8 Franciscan tradition of respect for people of different faiths the brothers in those places seek good interfaith relationships and work with other faith leaders in nurturin8 the common 800d. Br Som withfrlends ot Ploistow C•lobrating Fr•n¢isc•n Lif• The first Franciscan brothers arrived in England on the 10th September 1224. To mark this 800 anniversary a celebration was or8anised with The Community of St Francis and wth the Roman Catholic orders of brothers and sisters in the UK. This began with a service on the beach at Dover where the brothers had landed, followed by a pilgrimage to Canterbury with worship in the Cathedral and on the site of the first house of the Greyfriars. Ecumenical friendships play an important part in our life. rancifc"Il- 111.IFPj.ri' Sr Bev ondBr Hugh in Cantethury Publications Fronciscon Is a triannual publication sharin8 news of the Society of St Francis and each issue focusslng on a particular subject: this past year on Equality and Justice, Orthodoxy and PrayinB the Daily Office. During the past year 'ln the Stillness Waiting,, a book on the Christian ori8ins of the prayer of the heart. by Br Nicholas Alan was published by Canterbury Press. Brothers have also been asked to contribute to other publications during the past year. The SSF Website.. www.franciscans.or advertises events and courses run by the brothers. 11 THE TILLNE WAITING RIS PRAYER NICHOLAS WORSSAM 15 Justice• peace and reconclliation Although the Society Itself does not allgn with any political party or pressure group, our Franciscan calling is to become an 'instrument of peace.. Brothers supportthose seeking reconclliation between individuals and communities that are divided by conflict, fear and prejudice. They work for the common good and for a more Just ordering of society. .r.y.LN*'l' BrHugh ond 8rFellx atGreenbelt The Care of C￿ation The wisdom of St Franc55 and of the Franclscan tradition concernlng our relationship with the rest of creation plays an Important part in shaplng our practice. During the past year, a major renovation of a building at Hoymuking ot Hllfield the friary in Plaistow. involved work on insulation. the insta Ilation of solar panels and of a storage battery. Energy audit5 have been undertaken on three of our friaries and there is a five-year programme to reduce our use of fossil fuels towards zero. The conservats'on programme on the land at Hllfi'eld. workinE in collaboration with Natural England, the Dorset Wildlife Trust and Dotset County Council, has become a landmark project In the area, with opportunities for groups from schoots and other organisationsto learn about the foundations of a healthy relationship wlth the natural world around us. Solorp¢7nels on Lto Guest House Toof t7tHilfjeld 16 Hospitality is an essential part of the brothers, ministry. All our houses welcome guests-those looking for rest, retreat. study and renewal. People come, not to a hotel or conference centre, but The Shepherds Hut ot Hilft'eld Br Miroel Cristoffer Cooking dlnner to a communtty where something of the life of the brothers can be shared. Some people seek 53nrtuary and help from d ifficult situations in life and are supported with kindness. care and friendship. No charge is made and although people may be invited to make a donation towards the cost of their stay, no-one 15 turned away on account of an inability to contribute. &ia. Alnmouths Sittiiig room ond o guest bedfo<>ni the Recreots'on room ot lli1￿"eId He￿ are sorne cornments from those who have stayed at one or other of our houses during the past year: "I vi51ted Hiffield Fr￿ry/Or thefirst time in November 2024. It is. perhaps. the most authentic Christian communlty I have encountered in their disploy of love for others. for the environment ond r each other TO Spend time with the brothers ond the community thot resides with them is to witness the gospel in radical oction. As on ordinond in the Church of Englond with a view to porish ministry l amfrequently 05ked to rejlect on the noture of my colling. Whlle this hos olwcys included o sensltivityfor environmental issues, Socioljustice and intlusion, the Jifr of the Hil17'eld community has given me not only o mondate ond modelfvr such pur5Ults, but a challenge to my own life and witness and the encouragement to take what I have learned bock into the parish," to put these issues ot thefmnt of my mind. ond not secondary to other ecclesio5tical work." "I came owoy- and sh"Il am - very chullenged by your woy of lifr, L7nd it wa5 cle(vr to See how the community is o ploce where peopleflourish. So many people I know sufferfrom loneliness, even 17 though they don't know it. l am surprised that such communitie5 ore not expanding or multiplyinq. J proy that they dol" "It has been o huge privilege to experience G bit of your communlty Ilfe - the beoutifvl lond thot IS tended with such core ond thought,. the quietfoith thot underpins everything.. the deliciousfood,. and all the kindne55 offered by so monypeople, both odults ond chlldren.. I hod a wonderful retreot ot Glasshornpton. What a proyerful, relaxed atmosphere, labulou51 (Gn7hom} Your kindness ts open-hearted, your wekome is peace,. through the quletness of Gods presence you open your home to those who seek. You give yourottention to guide us in the times of prayer, 50 that a novice such os me doesn'tfall into despoir. Yourservice is received with grotitude... My time with you has been such o gift of love, hope and counsel. (Virqinioj Thonk youfor oll your warm and gentle hospitolity these post days ond especlallyfor keeplng this friary a household ol God and place in which proyer is given. It hus been o morvellous re-setfor me. {OswinJ We glve thanks for all that sustalns and nurtures the Franciscan life to vthich have been called and to which we dedicate ourselves. Laus Deo. TRUSTEES. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS Acknowledging the guldance of the Ch?fly Comrni%sioTh's'lnt•rn81 finandal o)nlrol$forCharlhes' {￿-Juty 20121 arxl ospe£ialty the very helpfvl checklisl as Tmslees we are required to prep#Fe fln8n¢lal stat￿•nts for each fin3naal w>ar whkh 9we a Inje and Walf vlew of the slate ol affairs ol thp SSF and ofthe incorring ￿sOl￿5 cr ?pplicatson ol rg$OUrtes ollhe tnBI lor Ihai p￿￿1. In preparing those finand81 $t8leMpfi￿. lh• Trusth$ ar¢ rwuired to: •elect su*abk acc￿￿1￿9 ptsNci&s and then appty them ¢onsr41Onl￿.' make iudgm8nts aTKI e$tinales Ihat trE ieasonable an¢J piud8nf slatE whèiher appI￿able account'ng slondardj have teen lolbwed. subledto any mateiial dep8rtui•s dlsdosed and explalned in Ihe ffiandAI siatemenl8-. p￿are Ihe financial $ta*ments OD thègoln9 r￿C•Ift b8sb unle¥sft Is Inappiopilal•lo Presur￿ thallh? usl wll trxllnuo In busbDe6S. tt our duty charity Iiusiees lo ensuA that the charitls resSU￿e$ Bre protect￿ In oNJgr Ihat Ihe thIr￿Y e4n fvlfil its aim5. We rgcognise tt Ss Important Ihat all thoso working In the ¢harily w￿￿ther thisiees, Blothers. staff or volunlegrJ lake the K85ue of in￿Me1 ftnancia ¢DntroLs sgliously. Maklng ￿￿t￿L$ ¥wM( $houkl r￿t be 45 I￿1 ltte responsljilty of one or liustees or $Ènior offirx holders. of as 8pplylng to bul nol othw& Th• ains ofourlnl•mal fin￿d￿l ¢ontroEs are- to pruted ¢haritys ass•ts', enlify and manage the nsk of ¢oDfilcls of interesL loss, wasie, bribBry. tw orfraud.. lo ensure thatfinanrial reporting is wobust and ol sufficpdnt quafity., on to ensure thot we comply Vlith the chaiity law ènd any re9ulab.ons ielatsng to lftance. It Is our belef thatwe lfv• ourllv•s and coTrJuct Ours•￿ Is husleey Ihat we do Indped keep Durnelve5 ln10m￿d about Ihe rekn8ntf8￿¢Xs olman￿1￿9 a rtwdarn arKI well.ruTr chadty, nDtIus1 ourfinancial respon¥foHilks but¢lso that we keep lo the Wrtt and piindplB of ¢yr tharitablg objedives and keeping ou15ekn5 avAre ol the devthpi Tol2 frji th8dbes In the wohj inwhKh weltnd oursthTes. Stynad Br Mkael Ch￿S1Offer SSF, k41Thister Pmvincial 19 Indepondent Avdilor's Report to the Trustees of The Brothers of the Flrst Order of the Soclety of Salnt Franci5 OpinK hDve gudited Ihe ffinanoal slal•men15 of Tl)e Brot1￿$ of the First Order fl so¢￿ty of Salni Francis (the 'chaFily'l for the year ended 30 June XJ25 which ¢omprise Ihe Balar￿ Sheel. SlaterEnt of Finanoal Activities. ststernent ol Cashflows an(J noles Io ihe finAnd81 Slalements. ndudng a summary of $19nifi￿nl aecountin9 pOl￿e$. The fin8fbcial reportiryJ framewk Ihal has been applied thelr weparation 58 aHAic8b* law atKI United Kingdom Accowung S￿ndards. IndudSng Financlal Reporting Standard 102 The Flnallcial Repoitrng Stsnda 8ppkeèle In Ilje UK 8rrtl Reputsl￿ of I￿land (United Kingdorn Generalty Accepled Accounliro Pracllce}. In our opinKJn fjnawal slatemerts.. givg a truv and falr olthe slate o111￿ Charills affairs a5 at 30 June 2025, of rts inconNrwJ r¢3tJur¢e3 and appficalion ol resou1￿5, IDr the year then ended.. have been property prepa￿￿ In OCLwdance ￿71￿ Unlted lfjn9dom Gen¢rolly Ae¢epled kcounling PrJdice: have been pr￿ared In ¥¢¢ordanee %￿h requlretrthts of Ihe Charilies Act 2011. 8•955 for oplnlon We ¢rybJucled our audit in accordance wilh Irrteriialional Slandatd5 on ALKliting (UK) IISAS IUKII and 8Pglicab I￿. ljw respoThsi)Ililles under Ihose staT¥Jord$ arp furtherde5Crited In the Audilorfs ￿sponSI￿111￿¥ fDr ts audit of Ihe finan(ial slalemenls sedlon ol our report. We a￿ indèpend¢nl of Ihe charity in accwdance with the elhica equlfemenl5 that rvlev?nl lo audil ol the financbal ststemwts in the UK, indu¢Jhig the FRC'5 EthK Slandgrd. and the pmisions available lor srnall enti1￿s, in Ihe Cl￿rmstanCeS sei ￿1 in Mtè 21 to Ihe financi Jtsternerts, and we have fulfil￿d our other èthical responsitxlilios in accordawe wlh these wukeftTrents. We l)elieve Ihal the audil evhlent* we have oblainod is SLffia•nl and aH)ropn'ate to pral slaiements b approprtate. 88sed on Ihe have perfom)ed. have nol ￿enrified 8ry maler181 urwtarnfjcs ￿mIng lo events LY 0ndttic￿$ that. Indivldually orcollectively. may cast skjntficanl doubt on the chority's abllity to COntirK￿ as a goiry ¢c￿cern lor a period of al lea6112 months from when the finan¢i81 slaiern¥nts are aulhorised lor issue. Our Wffls0)i￿￿es and Ihe ￿sponSibl11￿?5 cl the dirEdm wilh resped to goif•J cor*cem artr desolb•J in lh• relevant seaion$ of Uws reporL Oth#r inlorm•tlon The other inlorrnJlion CDmpri¥es ￿ information induded n Ihe ￿nUal repJrL rfudiny the trus￿$, [?￿rt, other thanthe financial slatemenls and ￿ra￿di10ng Ihe goiiig concein basis of a¢￿Untsng unless tho IrvstO9$ 8ither inteJyJ to ll9￿date the chaTity or to cease operdlions. or have Th) iealh%tic allernalive but to do so. AudEtorfs responslbllltlos fortho audlt olthè flnan¢lal $tat•mgnts We have been appolnted as audltor urvjèr $e¢ticn 144 of Ihe Chanues kl 2011 and TBPtsrt in a¢c4tdarKe with regulations made +X ho￿n9 eftsd thereund¢r. Cxrobjeclives are to obian reasonable a551rdn￿ ab¢)ul whelher Ihe fin&r￿jaI stalemeTrts a$ a whole are Iree Ir(Nn ma￿n31 misslalemenl, b%ttether dve to fraLJd or effor. and io issue an audilorfs report that indudes our oplnlon. Reasonable assurance L8 a hlgh level of assurance, but is not a guarantee ihat an audil ¢onducled In accordancè th Is￿ IUKI will always deleci a maienal mbgstatemenl when tt e￿Sts. Mi5Statemenls can arise frThn fraud or effor and are cL)nsidér•d material if, IrrfJNiduolTy or in the aggregalÈ. Ihey oould reASDnaNy be expected lo influence the economic deci3ions of us¢13 taken on the basis of these fInar￿jaI 51ale￿i1ts. lThtgularities. mluding tra￿￿, a￿ in$lanc*s of rrf)n-Cc￿p1laft¢￿ 7Alth laws and regtAations. We despjn pro¢8duroS In line wilh our r&sponsibI￿lIes. outlined above. to detecl material m5sstalements n respEcI of irregularilies. including fraud. The extent lo whlth our procedures are capatle of deiecong irregularities. including Iraud is delaitsl Th• •xtsntto which the audit was conslder•d ￿P&blO of detèctlng IrregulJilllg8. IncludSng Iraud l)Jr 8pproach lo ￿enrI￿-ng and assessing lh8 ¥isks of malgrial rnisstalefftsnl irt resFecl of Irregulaiib¢s. kK4udirKJ frydud and noTr1i8 made soldy tots charfty.5trt￿te8s. asa bcty. inaccordancpwith ￿charIt￿$ IA¢rtythts & ReF¢rtsl RegulalJ"ons 2008 and Ihe ￿gUlatIonS made under section 154 of Ihe Chaiilies Act 2011. CNJr 8tyJil work has bEen urhdertaken SD thal might state to tho Charil*s Irusi80s Ihose maller5 ￿ are requirBd lo slal8 lo them in an avYllot$ report for no other purpose. To ihe fdlest extent pemiRted by law, we do not acrEpl or asslme responsibilty lo anyone other than Ihe Charity$ trustees as a I￿y. our a￿lIt wo￿. for ths repwL or for tr opiruons we ha￿ formo(l. Grnave8 W08t & Ayrn Date 19 AOA Ch¥rt?r•d A¢countants SlotutrJry Auditoi 17 Walkergale BE￿￿k-u￿-T¥￿d Norlhumbertand TD15 1DJ Greaves West & Ayre 1$ elgible appoinlmenl as awjlior of the ¢harily by virtue of its e￿o"bthty for appc¥ntmeni s wjltor of a compafry ￿￿er8e¢ll0n 1212 ollhe C(ffjpan*s Act 2006. 22 BROThER8 OF THE FIflST ORDER OF THE SOCIETY OF SAINT FRhHCIS. IEuropfr•n Pro¥int•l- Royl•t•r•d ChBrlty No.. 236464. Sh•ol •t Joth Jiine 2025 Nolets 2025 2024 Flx•d Asi• Bufjdirys. Fvpthobj Matsr venkjos Equiwnef ReDvw¥t4e Er In¥esbmeni prtyorti•s lTrtyestmenls 4.216.8J4 4,03S.9 1B 7.53$ 164.a7Z B46.526 1.640,170 6,695.J74 165.396 911.OQO 1.919.789 7.Z17,fjJ5 Cumint Asset6 81ock Deblors and prepaymen15 83￿ artd BUS￿1￿ **ly 08POs11 FuDd5 8.916 21,000 725.487 115.028 2.lJ17 873.049 10.022 5.627 98fj.8b1 780.0 1.837 1.161.237 14 Cash In LlablU¢I•s Crodlors owlng Il¢1 Currpnt A¥sotJ 1$ 159.3GO 81J,689 112 9911 1,051.248 MET ASSETS 8.031,344 7,746.621 FUNDS D88lJnal8d Fiwbjs General FU￿j5 RoGiricitid Fthjs TOTAL FLINDS 12 12 12 7.022,670 639,382 3￿11,292 8.031,344 G.B￿.￿7 535.912 310.140 7,746.62Q N.B. The ￿lEa on pzB¢> 27 to 40 lomi a part of accovni¥. iuel Chrtsioffpr- TFu¥ler •nd Mtrmskn Pru￿141 Br S¥rty*.l- Trt￿lee °93,)J Trgs 23 POTNERS OF THE FRSTORDEROF fME $￿IEyye* SANTFR*tr4CLS. Pvtylne•l-R•gl*tsr•d ¢MrNyNo.' i)U HrtrLnei•l rorth• y*4r•nd*d JOthJurt• 102$ Currnrt>ww RMlriCt•d Fufflol Tol*l 1025 T<••l 2014 Fund Fundg •rvJo¥MrTrtynts frtyN'. Dwikin& ahd i•g*21•1'. Donoib]ns aidTrUsll￿crfn 401.107 13.313 22S.QSJ 12.092 114,821 10,co) 051 135,053 236,234 .n7 ie3.9) 210,861 C•v>nwnWS•*d¢* P•n¥iths Il¢r*lls 3,)12 i.*rASI And 87.541 17.511 46.046 &951 32ts99 hAril*b1•Ac¥¥￿m= En9*3•m￿L T.￿5 Othei.. 2Jr.68 aS,12J 23,167 11662 ¢rFI￿lIs¥l Siewwdshvl￿xffi• V4ycell8neous 118te 12.116 31.712 Y.T12 1,2e9.105 251,258 te8.713 1.147.732 R•*jng lundS-. 8hDparrtJ Pvtthtalun Co#% orManagln9 charithè1•A¢￿Vl￿frS 14.0 4.591 &J9.841 8.587 IBQ>TO 14.000 7.043 84è.J12 170.994 2745.738 4.591 903,• I.¢￿,758 2a6J41 179.3SS 71, 164.034 35.870 Nel Urxeallsvj (Lo¥8esyf3ah3on 164,5151 140,5TO 71,7e41 204,724 4¢7.J?O DcwloDmcnl-BvllL4rN ImW￿CrnQrt5. V*TwLl•s& Equynqnl Trthi•fqrn frurn R*trKIEdlD Dqsw4:•d 147.a481 t2• IB,r 1X603 .40D 117WI le6.970 204.724 447J70 *¢Yor IrKDrnP Tlh• YranSleryeJi￿[cfft RestrttedFunis G¥¢￿*F￿d (24,OWI 17.(w) 132.xv 24.wo 12 J2.$00 NrthlOw•rn￿f kn F¥1￿5 fOS.470 I￿,1￿) 2a4.724 IA7,37D galMca8 brought Imro11n124} t*wvl*d ftrw•¢d IJQW201 .512 6,8X.567 380.14) 7,74G.820 6.031JH 1.2992 .382 7,022.e70 369292 7.74$,820 W.8. Th&nthth• on p9aS37 rtyrn a partoriii¢s* ¥C4vfi￿. The Sial¢m￿l¥r￿tt•tyelal Aar*ifjts 4119•fbS lus%vsY¢o)wi¥eA w ￿¥*•. qROTIER4DF THEFASTORtERCf THEKKIETYCf SAf4TFk•t4Clk P•il*wipd T•ii12¢31 Tot412tr13 VTrJn• 398,311 4.2 lJg.150 #240 4¥.YlY 1aJ.IEg Ltyae*b Cov•llwi•ts 2•7,411 J2,FA• 21.¥S 7.13J Pmr. zs.w OY.42J 15.41J ?3.167 ?.701 12.602 1.62a J2Mg 7Te.eJJ )2ie$ 1.147.732 21ITIJ fu4ds'. 14.[ T.￿3 695.fl Atll*nh• 162.6 J7.590 76.519 237.451 •iknipAs 6•M2 111.TFI 1Qb X1222 .52¥ 417JFO 2tIM4 Yr4Nl•rs du￿•￿¥•r 11.7311 146.1 T4Jlll 447J7 211J14 Tt*rttsF•*i afY•*tEffld ly0￿•1# 120.0 iio.ow 12.5001 12 12* lQ.OllO NEt 113A2S 14,J29 211,3 4¥42 511.150 S113 72rt>50 FM77,910 ,*9,>50 25 8ROTHERS OF FIRSTORDEROF￿ 8OCIETYOFSAIPIT FRAPKts. StatsmortofC*sh Ro fr)1 th•y••r•n4•d Jfyth Jim 201S *)24 Cush oqner*qd Irunllab5ybed ty) op¢r*kns 17 2Y.7 492.6 Ilxe4 •¥xis 1282.11n 315,615 37.J37 49. lfive8tireN tyJtJiliQr# 1a.210 4T.74? 153.￿2 Pmc4eth d DI•p0¥414fkn￿bk?fAtra •5Ee N•tush umd In Inv•¥tkno *￿￿•• (YO,11 I63,￿& 130S,4S31 655A54 1.144Sb7 492.733 Cmh •nd ta•h•4uhTthrts ￿•Thd 01￿*r 143 1&1 1.141517 R•￿[In9 to.. 843.132 1,14J.JfB7 BRQThER6 Cf THE FVI$T ORDER OF THE SOCIÈTYOF SIINTFRAWCIS. Pwvkn¢•). R•glsts¥•d Ch•rJly 140: 21É4É4. Wot•s to th•M¢out lorth• Y•ar*nd•d JO¢h J¥n* 2026 Pol* Èa51s of arati Chaty Ihforrtutior* The erothern ol thp Firnt O￿vr Soc* cl Sa￿1 5L¢iety) is a regisle￿J that*y th• Chortly ConHni5￿[￿. ?J8464 The rewg¢er&l gfflce ￿ Itto Friwy el 5•lAIFrnff¢lS. Dty(*rè%lDr. Dornrt QT278E. Th￿ dl thÈ Flrni Ordèr d thè of Sainl F.'antsk 15 a Rfjlyiuus bF m¢n h ￿nBIl￿n CrAmrnunion. Thè ¥Jork cé the So¢w Is Jpread 1hrough￿t trevJrfO ar.d Irknj fve ofwhirh thi Ewyan Pr￿￿￿# is C*1¢. A¢rvutthy ¢ohwntknn fffjancial Staivmtnl* h*e ts¢eft preparea bff+ •ccord8n¢e ￿lIh tre Chllniei Aci 2011 Jnd AEwunting Bnd by ¢￿.-￿e>.. Si*¢nl rl Re¢ommcnd￿ P(i¢b¢¢ •pplp¢•We b) ¢Th•ntyes pwring th?r•teounty ID wh th# si•ndatd •ppllc•w th th• UK and Rèpu￿￿ of lrnland IFRS lo￿> {ès •muffjdud tr •coxnlbi9 P*FI(4* tltsrn 'fl JAn￿ary 20161. Thq So*1 * • 8ertfil Eftlll a5 daf..nadby FRS 102. Tn4 •cwu￿,S #rn in SIqrf￿9. whKh r4 th• fuKVonal L3Jirw.ty ofth< sw. Nfgn¢wy•rthiuniÈ lffl fmairdal it•t¢m#nts •T¥ ID Ihe rJ&JiMI É. The •CCoL￿tI hac bEcn FrtpHr¢d undtrthe to￿¢¥￿￿4Jm. mgLlf*d trj indude inve5knenl FffjFqrbB$•tyd ¢tA•inlnAndal iroln4vnl¥ 11 fair Yohjv. Thv prin¢yil Kcovmtrw polk*i adopted we ts1ètr1 below Golng ccnc•Tn At the time d 4ppro¥ing th• accoL'nli. thc tJusitre¥ have • rew¢*nalle expeelaLon ther SO￿ety has wJwu4t• ￿9)U￿¢S b) r4Jnfjpu¢ ' raliund ex*i¥n¢• for 1orns••atl• fvturo. Thus th• truitets COnllnu• t¥ th• L>*f4 b￿ls al acco￿1￿0 ￿ w•parirffj b Gifi +NO24 salar￿1 ind Por￿￿na uThdqi PO￿0t￿￿ Gift knj fwm mBmètr5 •1 the Arokneis ot Firji Cvder ol thv Soqety ot S•rt Fmneig. a￿ ¥ioted L4 thLome lox bul nel c4 eny frJT surr41 Pe￿.￿15 and c0ntrfbU￿o9 to Pèhslr Fr8•ld4 PTtipértieÈ ttcr¥pad try SSF *1 GlgJ£hampton. ￿n￿r•￿th. Hi¥•ld. 113 Gillott ROJJ 8irmingP4m, Pl&ÈnDo and 42 8alaarn Streer Pltslsww. •$ *EII •# hih*knen'. Yopert￿3 ai 42 Ross￿1 Road. es Crtknn Road AJJiikny 134 WifKhThAP CwlL¥bw, ore VO4ad in tho Olfit4 CV51[￿18ty r Chortx¥J, •1 rwlneej Scdoty ol St Frn.￿s. SSF Is ir80 non h¥ostrnw.tyoperWéS. tyji IJ IiaNe ljr ih•lr upkeep, Tho uTrrrafistd oiinslkss*s i• •s¥e'. va'ue In ll glven y&w. The VOpeTb￿ held by the Cuslodi•n fr)r ¢haIl￿e* $ie kn¢dudéd ￿ the 6th7¢ Sheet il ii14uMI 74alue ** 1995. 4nd &pr￿t@d thAtdatB- tOJetr￿r￿4Trh *lJso9uert athYitw)o* DeprtTrkniltion is ¢hary•d ￿ ihA• pippert*s ai• r•* <• 2% per C•l th& ¢n • Mt Qr lo th• •ryo knbll L•enthJLbJ ai• ¢v¥I u¥ng Ihry 9ffe￿rI• **•r•¥t 4rrwvvn•ni • fpJrKivJ Ii*isa&Tr*, moH5ur9d pr•8qntv￿u* olfftl h*ur• I￿•￿￿ dk)XYd•J D•tsl 4rq ￿nItr4 rlli ¢r¥dilws 8re io ltsr gDuth ft l* ty¢r#ry ¢4opw*inS frtyn Payab￿ ape ¢la**￿d as ¢Ury•Y ThabI1￿1$ rf pa￿•rt Is ￿1X nDL th•¥ 4r• pwnw as wtsrNlm•LhDd. Ih)n 4rv1Kat*￿ ot Soooty'l PDlt*¥. lh• TftJthM •ty r•qthrf* *iihwl•s *Qut pwiod knwthkh th• •stmath li r•v*QdMii*fth th• *>* i%￿P￿riOd. oi Ystr• poibdoflhu fuiwo ￿r￿dI th• *vJfL¢W• P•IP>O •ROThERS OPTFÉ FLgSIORUEROFI¥E Se¢lEvY￿SA1lTFftA*K1￿ IprhpYwwended?Jih 1•16 ki Tok12ts26 Rih1ryh￿th 14.329 rm,aJ9 29.H5 1￿4?7 (591 .445 .fth,7S9 8n.994 Jl. IhDpird PdAkadDrn Tuh12•24 14213 IW7 15,XQ 13.66 1.04J 16.105 32.0 Y.712 * ShoplndPL*￿1￿1n Tth41 1•2S Tc•u12014 919 9.421 1.lJ16 111•2 s,iJo 14,31? 8.716 s,J 14,OID 1tr21 1014 2X,612 14,PA9 4,453 f•oo .421 5Q441 49,401 14.6OZ 11491 Qknltl'C* 112F3 549 s.rai 3T.BBg 175.427 yrW•i&idT￿ap￿l 97A19 3S.55D Y.$19 ia 33 114.7eJ 14.45J .445 Js.wo 4DIJ 7.910 37J Yqs 4¢ 29.446 3S.Q70 25.Tr1J 22.30D IB.585 PthIIo9.Slat.oJs -BLiifdNJS- ￿*￿) 85.074 15 14,N5 . LJssthd*pMII *.165 $9A32 49JT2 s￿>1 Fu R•Mfthd Ftsl 79,557 8ROTMER$OFTME FIASTOAOER OFIHe SOCIETY OFfATr4TFR*NC$. IEuropMn Pr¢Mfknv•l.R•yhl•ridGhith 2164 Plots• to th•k¢¢¥nts &xih• ￿r•￿tt•d 3ts1h Jun•. 201$ T•ial 2015 TatAt2434 4b.Gty•*rn••G• Co•ts 12.C•JD 121￿0 17.3 . PfyIKsyy41 l Lqgal F¢•s 1.916 -Ch*iKoYF4ns 27,19 io 39.532 25 29,445 Z024 Ww5 I ¢024. Ik f4X•*d beneIKS¢]row£￿(I l. Flx•éAu•l• Prnp•rtlp¥ FN•nold E4¥IWMI Lw••hOtd V•hKI T•wi ￿24 cos1N•￿j1tiL￿ •1 IslWy2D21 AdlIkn&ryfflprw￿0nl5 297.7PO 1.17G.S16 11112 8.ll54,3n 202.117 DrfpJ2a At3thhJuno 2025 aiJ.97 96.955 ,442.44J 2. OM)$.723 1¥.919 89,420 4.14OJ36 Y4 82,92J 4,445,791 OtytèrJAlon th￿￿￿Orth9 Dlspjsals (se71 IS671 148.913 912q9 42Z5,010 Il•1 Botth V41 301Th JJn• 4.J36 4210.8 4J86.865 104,171 7.$55 1.035.980 4,208.576 ThA Brotn•rs hwJ v*pqfthB frvohthj WDP•rfTs * th*y•Jr￿s irerflho uphwjn Ihil th•51 Wy*14..ed&￿ h*S ièsbfcleOl*on 2 alth• Freehobj wyjlei Fliantial4ts¥jrw￿ 2 Frnehdd Propwy￿l•l1￿7?,1, rot*l 202¥ F￿d FuThd¥ Fwds 47.140 47 ¢0srofV•Nde$ FvrhssÉdln yèar ofR•Crf￿*En4lgYpU1￿•*y1Th ￿•r ¢051cfEqwpmwi wKth45qdlnyvar 147.146) BROIHER6 OF THE FIRSToftDeA #oCR7YOF￿NTFk￿elS IEuFry¢in PwDblnr•l- R•gh1￿d Ch￿lY 2M484 IlalvA tDlhe•£couDt5 •)rlh•yuvthJ Jolh 1024 7. hYrf••ir4M* Prnpllrtttx 2025 Al t July2024 450.C¥XI 337.710 50,462 84J72 911.COD 016,626 S.CO5 9,122 Fi•*•)￿ PmpèMiÉ*w*re io InvgS',rn•rt P￿rt￿ Ini*•Tftiikex •*iL*I th•FarvHlJ••t>)JJnA2a2Sfv4th th• ￿r[￿*M￿￿t¥abjfr Juny 2ff45 Iv fty Lh• fvn¢L¥ 30kn JuiiE 20¥ inu d￿LS￿* * ihi Pro¥￿* Tr• foit¥*iW ¢W w •]24 30,298 2<3CO HI￿•*j F 17.22S 250.C(tI P1•51w. QthTrRoèJ Prty•thci 10QOO 1fi9.?83 412,434 31 8ROTHER8 OF THE FIRST ORDER OF THE SO¢IEYY OF SAINT FRANCIS. ¢Europ¢an Provlfi¢el. R•*t•r•d C￿rIty No: 236464. N(ths to the ACCOU￿ l)r tho ￿ar t• Joth JurHTr 2025 . FLxed 14¥Mt Inv1￿m￿l￿ 2025 2024 arkqt Valuq ¢o•t Vglu¢ C8F Irr￿￿ent FvTrJ 1.482.297 1.B10.789 1.130.682 1.640,170 202fj 24 Quote¢ Inveltments In the IJK lthar4es In Im e yeaIl Martel Vahje Jt 15tJuty 2024 Addrtions DbFwTs Nw (bs$ygabion Mv8*Jalknn at Joth Jun¥ 3J25 MarknlV*uA * 3tth Jkll• 3J25 1.e40. 171 345.015 1.520,4aO 65,9 1.979,789 111.7T1 1.640.171 t(tr•stand knv•stm•hi Incom• Inte￿1 Re￿i¥&b￿ DwIdW￿S- CBF Inve&lmenl Fw PrOF*￿ -C8F Invest￿￿￿￿ Fthd 37,836 41.71 I 7.995 87.541 18.209 39.904 7.e38 es.951 fo . of Group Net AM•i¥ b•twtr•n lund¥-Curront >wr Gen¢rnl Fund DMl9n•t•d R••t￿l*ll Fund Taal 2•25 T•ngble Flxed AM•ts thves1ir￿t PrgpeiD eslmenls 4.38fj.885 911.CvJO 1.725.855 (8511 4.306.e65 911.9)0 1,919.7u9 873,Qd) 59.880 031.343 194,134 175.15 69B.742 159,360 839,382 wrETrt Liti￿1￿?¥ 7,022.S88 389.292 Anuty¥l¥ of Group A*¥•ts bolw•#n knds- Prfory•ar Oenor•l FLts Fgnat•d R•stsicted Fur FurAfS Tol•l 2024 T>￿J￿4• FkK•3A$5éts Irr¥esknert Pw•l05 lrnie5tsDents 420B,6YS 846,628 1,640,170 1J5,193 4,208.575 B16.628 i.e40.170 .164.2J7 -112.991 7.746.619 848.¥J3 1112.9911 $3S.912 ReconElll*tk*n of Mgrrnwts In Unr•alls•d ILoss•%llOalns on Inv•&tmpntAsts•b'. 380.140 CuTth)t Uablilis 6,83D.566 380,140 UnmaSl$ed Vos&tr5ygansat 30th June, 2024 galns on DJwsa15 In yearlo 3Clh June ￿25 Nd Oos*sYoains on reYolu¥tkn •t Joth Jwo 2Q25 UNe¥knd O¢dtesyWS ai 30th Jun4 2D25 003.419 J3,489 184,5151 430.974 1A81 437,493 11. Trnn$•¢llons wlth Trust•ts. ThE ol Ihe Charty •rE •lao 8rothws ol the Se￿1*. ￿ as s￿h ha¥e lak•n ol powrty U￿j•r thry ha*E rE￿￿Ced dl per8oDal wh1¥ to capttal. The Charfty pro*dès lor tle needs El all fflemt*s d Ihe Stt*ty The Ir1￿ o¥sls of Ike 8mkn-TnJstqes ar•, Ihoreforè, by the Ch•ity. BROTHERS OF THE FIRST ORDER OF THÉ SOCIE￿ OF SAI￿ FIi4NCIS. (European Provlncql- RogiÉtst•d Chailty No: 236464. Notes to th• Atcourts: Year pnded 30th Juni 2025 124. l•k4vèm•nt In lunds fvr the Ye¥r. Summary Currentiyar r40tss Gvne T¢)tsl Incgmi 839,15S 251,2Jf8 190.713 1289.107 Total exp•ndlth 658.567 179.3581 164,8341 11.002.759) 180.570 71,900 33,879 288.348 Not In¢omlnglotst9oln9 Tostturc•s l*foM In¥lllg¥¥e¥l Investmfrnts RevsK*ion Gan on Inveslment Prwerts"e5 NBIVnrealiwd galnsllk¢ssesl on h¥estmerts l Re￿ISed Ib$8esllg*ns th) IT￿&Str￿eThts Net Incomlnuloutgolng resourr¢¥ before Iransf•rn 84.372 184.5151 64,372 (65,9961 11.4811 180.570 71.756 32.598 284,724 Tr•nsfer¥ duwin¥ Ye•r'. 8ulldlng Imprthtments. Veh1d￿ ÈQUI￿6 Twsferr•d loKrom Gonfrral Funds Trw5feiTEd frtyn Gwerdl te Dgsw*fyI Funds T¢￿Sterred lthom IroTn Re51wKled Funds 47.846 16.CQO 147.0461 12,4001 (13.60&) 186.970 135.8D3 117.8481 784,n4 TrM?fpr¥ •tYear-End: come Tithe Tt¥sfotted t￿rorn Re51ricled Fynds TrwsfenEd toKr¢m Gefteral Fund et rnoverntnt lrt lu#ds 821a￿e5 brougm fOr*a￿ 11nll41 aknncpi ¢arFied lorw•rd13016125} 124.0001 17.0001 (32.5001 ID3.470 535.913 639.383 24.rxA) 7,rMJO 32.wj 182.103 6,130.55 7.Q22.670 12(bl 110.B481 380.140 9.292 12 )th Jurre 2025. $ubjeet io ¥rYhmgbcal ye￿c?￿.0n-aOdth￿ fc1ltyw￿vj akJmrnary Cwr•Aty•4r unds Total Inc4¥n• 21Z,773 1%,125 1.147,n2 1¢16,214} 117&1831 (Th￿97￿ 1870.914 162,619 3759) 76,529 N•tln¢ornlnW•IThB V••OYrt•s llrforn 9r15n￿[c5s•$} OTh Inw4sim•ni* Reva￿al￿￿ Galn PropeN N•tUnroallsed oakn$ ￿ &w¢¥￿nts NEI Re8U5ed I￿￿89￿901n2 orn h¥=¥knethts Net Incomlnglouwolng rvsourGfrJ b*f9r•￿￿¥t• Yran*f4r& Y•ar. knpro¥em*rts. veh*￿5 E￿￿1 Til￿r•rr•d lofftty￿ CenoTwl Fund¥ Trbmsferrnd Generalts Deayjneted Fund¥ Tr8Mlentdt0ll￿ ReA1k￿rt Fwds 111.T71 162.619 2CIJ223 78 447JlO 12.7381 113,766) 2.73 15 Iixo) 146,126 226.917 74.￿9 447,370 Trmjfws 4¢ Y•4f*nd: InctsmtrTllhB TransforTrdloltrom Ru1rf￿lld Fithirt Tran51omid loKrom Gener￿ F￿d 12D.QCQI lo.￿0 2.SCQI 113.625 4?2,2&8 535.913 249.417 6.581.151 8.830.568 12 (bl 447J7D 7295.25", 7,746 671 wou9hl fthY¥d11171231 B•l•nG•%c•rrledfowr¥ IJOA124 2knr.812 0.140 12 Icl TrAMl•r• dtsrtng v•ir Iransf•Th4d l¥om G•rt•l*l Funds - t2,nB tssniffrrf•d Gfrn•ral FuThJ6 D••wlq4 F￿e4 AsaetReJvnT?*Jrlb2 01￿￿¥M￿nI. -£t5.956 %¥as tr*sferrnd frnm Gener41 Fwd$ D•*wBted HMl&d Fu21 ThIs1w￿ w•1 cr•o*d frrmmco*yfrorn FUVl•ll Frt￿( IhE wrchose d hjul *UDd Itf IhR B￿a59 ￿ler. TranslATr ¥1 ￿l•￿d -£5.fp30 trEnsleffed from G•tt•r* FLmds IDth•R•sIrt¢￿d AMIII Fwid al -Es.rts) was tr*￿ferred to the Resir￿4 FNmaih)n Fund atlh• y•ar wvj. TranSl•t￿ApPrOprtatIonl 4t th• Y•ar.¥nd Jn• 2024 Prwlndai Chapter 8arort thè P￿￿d bAlin¢e •valB￿ry Im IhE Gweral dea￿￿1¢￿ FL￿# for the Yw JQth 2024-$u*I t 4rthrwl1cal¥￿ll￿a1kn- and Ihe folowvva aloeaibn#w7y*m•ae Irornthal bJknE•". Tr4nil•Th•d Irom G•n•AI Funds lh¢ of E20.1#)D based upon the ol Ihq Prow(y41 G•n¢r41 Fwd Is ¥¥t- SKctydhig lo ow••l wlcy ol *othi?al hapter- prYnèrUy lo help raiovE Ihe needs rf pjorest, llnd ta addre1$ Wnl¢ul¥ iewesis Sockty dst Fir￿￿# .£2.￿0 Io itr.t D•signaied Pickw*9 Ernmaus Lm9alry msts. nJfoff•d t#llmm Dtslgnaled Funds -£53.81f1f(￿ IM D•s*natsd D￿tr￿pMeN FuTrJ Ic+the Down&ad FixqdA15et Be￿e FL￿d t• hdplunétm 18no¥*tkn 0181￿￿￿ kni -£88,521 frryn the()•sWat•d FN•d 1191ov•Fwd IOlhB DesIg￿￿d D•¥down•rd F￿d kn r¢*p¢¢i￿ the operly. -Ef39.150 fr(¥n Do5lllna￿J B¥weM F￿￿10 DuvdLvn¥&Fund **h¢IPlw￿ IQ %POE4fK r4*1 undortRtsn bythfr Ptty*lwo1 ¢h8Mer. Transf•rr•d I￿rn Resh1¢t•d Funds -e2.2QOfromth* s￿e￿aryFyr￿ lolb• G•n•1￿ Fundi tofundL¥Xii *J tr￿skry AsykmSq•kqrn 34 111- Ii"! ozzz 111.3 cc c < ¥ 51 At ¢S 111-J il ill. jl I I: 11 ! jliilj 33JiST44 Illl .11 èa pl5,li Ee 88 gvg888gJ ero)THERS OF ThE FIASTORIYER OFTMESOCIETY OFSAINT FFL4ACIS IEurop•an P￿￿1•1- R4gI5t•r•dChapKyNo: 130464. )r Ih•yHr w >)th Jun• ￿25 13. oms and Oonatlonb Inacurfgarce GwiifAe obiects.lha PrthyTrc• Huvye5 nHk¢ d?n*irdsl0irLfjvidw*•n¢ ¢￿r￿lISt01￿￿oIlol1. These ￿ il as Glls •naOon4llons F¥Thd. M I￿t￿n*￿all n•**45 gl¥M ioln •xr95s of ￿ kndvlJu¥ p¢gpk•r TO SSF or9•n￿¥1￿0￿ $5r UK SSF Pipw lknY(kn¢4 SSF ID￿[¢) 114.7&3 112.713 32.iei To Qh•rQry•ni$4tknn Uriied SoaEly PArtrierJ ￿ th*Go2pel IIJSPGI 5DJ PraCUCal CthwA45ion lorC*5blUW Chiblron 51a 8onwD•wi Cvvc Éa%lbrid* T4rw Ptuic Cms6G1￿ Gr￿lir￿ C&iMic eqnedlc£iDes- Thy t￿lEY ?.1 1.0 Hu¥pitslin G#E• Thr ChU￿h•t1bÈ llo￿ >wITfiniiiAI L￿.5 DI￿a￿￿rS Ev￿rgEt￿ C￿n￿ls￿¢t Dp¥*&>pmertl IOEED} FP fvr LfrtTOin Chr..51wh¢r D4Non FPtr Sudmn 1020 5?2 21.300 16.01 6.328 $4.919 175.42T 14 Debwrn 4nd Prepa￿￿1• 2025 24U Qdier Debiar3 ÈpayffjÈnl 21.OUQ 5.627 21,000 Sh27 ltr• Svt* ￿*b￿Tr ol* knikei tNIL dWesth£e￿l•>*￿r•￿, ￿￿h￿s ofKqnB ro¥•*J¢¥Ythith tarnei be anbfiod ai 16. and Cr•d*or6 202$ 2024 Fu￿5 10,000 49,36U 59.360 10?.991 It2.9PI 1£ Flnin(i•tCwmMrn•hts Lwd4nd 8uldlrtgg 2•2$ 2025 LqasepoThprtsduD Yth l y¢4r l •nJ 5 0116 139X 21.616 5457 13,643 Tdal *4$0 cDmfftDrMis J9 BROTHERSOF TrEFIR5T QIIDEROF THE S¢XETYOF 91114T FPANCIS. IEW•wanProvkn￿1. R•g*tw•d Chwlty 14): lJl4M. tvthv kEQUrt% th¢fftrto Joth Jun• 242$ 281.724 447.)7 rty. iJr,aJoi •tlqs1 93Z,OQO 1.919,7 18$1,7B9 IS225S 1,840.1m Carylng •rnC*UThtof fin¥itl•l Il•)W•• Jso 91 19. Cusb)Oiin Trusi•• K*ih 1￿￿￿dIr1•d r•sthmat AmddFl￿[YIDr￿ th••wof 16%wirt•d byAtWSltroM TroBfr&hw.*Jon Itusl upm 4 GCLA1nVp￿rn￿l fvr*J R hle¢4on8hJ WJ TN*, Inves￿￿￿1 Actr￿￿11. 4thwn1*E￿d bYSSFslll* lllr ￿p￿. Und l•rrn•afh* fOEhorfs YKpJld oThK•th's io h% doAc•ndBMI. K*tn¢tsJ ￿ nh tjétèm￿r 2023. th MatthX241h bolyrKeh ir•A R mar￿On•J￿FUA¢ I[￿￿￿119￿￿Jt clthe CCLA Inve*M￿l Ftsr￿ SSP¥ ProNinEi4Fuidw#h th¢ c￿r¥ Banl A pryTrtyDiufth.I¥rny 11&1 a￿lD K&th'& de¥¢nd¥nlS. b*arx•of£11.507 (XN£SJ,J131 l* bolry hod y¥$SF lOrA￿rth0Ca￿￿ G•InsTa¢•Xp￿￿￿*ftd the WAIM•ff¢y f•8 40