THE ORATORY OF SAINT PHILIP NERI
A T BIRMINGHAM
Trustees, report and fmancial statements
for the year ended 31 December 2023
Charity Registration Number: 239857

THE OtL4TORY OF SAINT PHILIP NERI AT BIRMINGHAM
Contents
Page
I£gai alld adminisimive information
TnJsi¢gs r¢port
Audiiors, report ro the tru51ees
Sialen￿Tht of financial aciivities
9-14
Baiane¢ she¢1
15
Notes to the financial siarements
16-20

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Legal and administrative information
Charity number
239857
Registered office
Hagley Road
Edgbaston
Birminghatn
B168UE
Trustees
The V¢ry Reverend Ignatius H2rri$0n
The Reverend Anton Gu7iel
The Reverend Dominic Edwards
Auditors
Barnett Ravenscroft Limited
13 Portland Road
Edgbasto
BirMin￿]aM
B169HN
Bankers
SY¢n5ka Handlesbanken AB
Handlesbanken Corporate Dept.
4th Floor
103 Colmor¢ Row
B3 3AG
Lloyds B3nk plc
125 High StreeL
Harborne
Birniinghaoi
B179NP
Solicitors
Shakespeare Martin¢au Solicitors
I Colmtsre sqU￿e
Bimisngham
B4 6AA
Investsnent Managers
Transact
Integraied Financial A￿angeMentS L(d
29 Clement's Lane
London
EC4N 7AE
PAge I

THE ORATORY OF SAINT PHILIP NE￿ AT BIRMINGHAM
Report of the trustees
for the year ended 31 Deeember 2023
The present their report and the financial sÉatemen¢s for the year end¢d 31 Decen￿Er 2023. Th¢ ITusEees who
served during ihe year and up to the date of this ittpon are sei olli on page l.
Structure) governance and management
By a Declaration ofTwst dated 4 March 1873 th¢ Very Revetend Johtj Henry Newman. the Rev¢r¢nd Ambr05e Si. John
and others bein8 mernbers of the English Congregation called th¢ Oratory of St Philip Neri ai Birniingham seiiled certain
property irrecovably ttnd permanendy for chari¢able (Ind paTticularly religious and educa110￿] puposes for the exclusive
benefit of persons professing the Ron￿￿ Catholic Religion.
Under the terms of a Funher Deed dated 3 Ociob¢r 1942 the TThstee5 hold the Thist Property trust for Ihe
adv2n¢emeni attd mwnienance of iht Roman Catholic Religion in England and particularly ID or in the vieiniiy of the
City of Birjningham or for chatitable objects connected iheT¥Wlth ia] such mann¢r as the Superior and Council of the
B￿n￿nghaT￿ Oratory in their absoluie discretion from time ia time think fit and proper.
Appointment of Trusts
Th¢ Trustees who setved during the year are as show on page l. The Trus*es take such action as ihey eotksider
ne¢¢ssary io keep theJn5elves informed of changes in charity law and gov¢rnance. All rnatters of policy and manage]nent
of thE TrusL aff determined by the TTrtstees at their meeiings.
Management
The overall management is enttusted fir51 and fDremosi 10 the Provost.
Risk Management
The Trustees hive examined the tnajor 51rategic and opertiiional risks which ihe charity fa¢e5 and are sdusfied that
systeTt)s have been establish¢d and that all necessuy steps have been ¢aken to minimise th¢ ¢ffe¢is of a]1 such risks as
may exist. They exercise caution in their inv¢siment policy so to p￿serve enough income for Ihe Oratory's needs.
Finaucial review
The rebuild of the mdin church organ which Comtnenced in 2022 wus coinpl¢t¢d in 2023 with an eventual total cosi of
£186K (exclusive of VAT).
OnÈoing discussions have coniinued in respect of the potentiul development of the CaT park and adjacenr land. Oratory
Square Ltd. is set up for the sole p￿￿OSe of ihis development.
There are no oiher significant repons io be rnade.
Reserves Poliey
The Trugitts have esiablished a policy whereby the un￿StrICted tunds noi commiited or itlvested in fixed assets fthe free
Eeserves'} should amount to ai leasi £200,000 to meei ongoinB expenditure on the ￿gUlar a¢iiviiies of the chariLy. As at
Ihe year end 5llch rese¥ves were £258,148 {2022.. £493.1561. eompared with the pre￿OuS ye&r having had additional one
off costs during ihe yeELr as shown on pages I l 10 12.
Pagc 2

THE ORATORY OF SAINT PHtLIP NERI AT BIRMINGHAM
Report of the trustees
for the year ended 31 December 2023
Investment Policy
The Trustees have w&de powers to invesi the Charity's futmls, and do so in order to genernie in¢ome io meet the
objectives as laid down by the Irusi Deed. and obtain capital growth wlien possible with an eye io h]tur¢ develo￿￿￿nt.
They have for this putyose arranged for the the ChariEy'S investmeni p)rtfolio to be managed on a dis¢retivnary b&5is by
Batnett Ravenscroft Wealth Mtsnagement and in forniulating iheiT ItLsiructions to them they consider the irteome
requirement5, the risk profile and the invesiment Jn&n4g¢r's view of the market prospects in the medium term. The
Trusie¢s also opeNe an ethical inwestmen¢ policy. avoiding companies involved in armaments and those whose activiii¢s
atE contrary 10 th¢ Catholic doctrine.
Objectiyes and activities
Th¢ formal objecis of the charity are as follows '.
' The Truste¢s hold the Trusi pmperty for the advancejneni and mainienance of ¢h¢ Roman C4tsholic Religion IN England
and patlicularly in the vicinity of ihe City of Birjningham or for the ¢haritable objecis Conn￿red therewith. The Trusiees
may provide aud equip churches. chapels colleges and similiar buildings in¢luding orphanages, hospitals and hostels to
be uscd for the Trnst's ¢haTitable Pu￿OseS and may assist with Tnoney or odierwise any 5ULh buildings or oih¢r ¢hariiable
organisations exisiiDg from lime ro t1￿¢ in conneciion wilh lh¢ work of The Oratory.
In shaping the Charity's objectives for the y¢ar and plattning its aciivities the TnJ$ie¢s haye considered the Charity
CoTrtnis5ion's guidanTr on public Ixn¢fLt.
Th¢ IEnmedlaie of Ihe Clwliy are w further the fonmal akms above by .'
a constant high level of service8 in their church including a l¢)n8sranding musica] tr*diiion and regular prea¢hing.
the running of the Oratory purish and lis prAmary schoo
the promotion of Saint John Henry Newman by '.
publication tsf his letLers and diaries, aml other writings
pres¢vation, r¢novation and organisation of buildings, documents. photograph$. books a￿1 memorabilia
onnecled with Saini John Henry Newman
organisaiion of large services, pilgrimages and rneetin8S
studies and writing conTrected with the life and leaching of Saint John Henry Newman
* The John Henry Newman lttstitute of Li¢urgiciil Music
Catholic educational works ai the Trustees, discretion
Achievements and performance
The Archives in the care of th¢ Community eonsisi of the..
{a)
wrirings. manuscripts, docuMenls> photO8raphs and memorabilia conne¢red with Saint JohEJ Henry Newman
(b)
and papers of past members of th¢ Communaty Oll￿r ihan NeW￿￿ll a[￿ the apostli¢ works they Imve unde¥rak¢n
li.e. The OT<ltoiy SLhool. The OraLOry Primary School, The Oraiory Choii. St Philip's GrJmmar School and Sixth
Form College, The Oratory PaTi5h and the Orphanage).
Page 3

THE ORATORY OF SAINT PHILIP NERI AT BIRMING￿lm
Report of the trustees
for the year ended 31 December 2023
Co-operorioll iviili oiherclitlrches and bodies
The Oraiory being of "Pontifical righi" works Lg some exient independenily of the Birn)ingham Rotnan Catholic
AFchdiocese and to some extent with It. Many ]naiiers require ihe Archbishop's help or approval. En all parochial and
educaiional fftduers li is under the Di(Kese and works with ir.
Each Oraiory is autonomous with it5 Provosi a major Superior bui it Is part of a worldwide ¢onfederation Ihat meeEs on
an annual or sexennial basis in RonK.
p￿Tor￿1 work however is confined lo our own localiiy except for the dpostolate of individual FLthers which musr have
conununiiy approval. In our own locality includi￿8 Ln our primary school. ihis has coniinued un4bai¢d.
Volllnteers
The Fathers of the Oraiory (Corwegation of ihe Oraiory of Si Philip Neri) iely subsianially on voluni¢¢r help and
financial 5uppofE in nurny of their pastoral activities, and are mu¢h ¢n¢ouraged by the continuing level of commiunent
from a I￿ge nutnber of people over many yeaES.
Website
For fvrthei details of the activities of the Oratory please refer ¢0 our website www.birmin8hamoratory.org.uk.
Page 4

THE OIL4TORY OF SAINT PHILIP NERI AT BIRMINCHAM
Report of th¢ trustees
for the year ended 31 December 2023
Statement as to diselosure of information to allditOTS
In so far ds the tru5te¢s we awase:
there is no rtlevaTrt uudit inforniacion of whicll the ch￿ily'S a￿ditorS are unaware., and
the tNstee5 have taken all sieps ihdt they ought Lo have taken lo tnake themselves aw&ie of any relevant audit
inforDurion and to estsblish thai the auditors are awthre of Ihai infomJlltiotL.
Statement of trustses, responsAbS1Stles
The Irustees are iesponsible for preparing Report of the Trusie¢s and the fjnancial staten￿nIS in accorda1￿e with
applicable law and UDiied Kingdom Gencrally Accepted Accouniing Practice.
The law applicable io chariiies in England and Wa]¢s. The Ch4rttie5 Act 2011, Chariiy {Accounts at)d Repoitsl
Regulations 2008 and the provisions of the trust deed requir¢s rhe trustees to prepllre financial staten￿nIS for each
financEal year whi¢h give a true and fair view of Ihe slate of affairs of the ¢hariry and of the incoming resources and
appli¢alion of resourc¢, in¢ludittg income aRd expendiiure, of ihe charity for that period. In preparing the financial
siatemeots (he trustee5 are requir¢d to-
seleet suitable accounting policies &nd thell apply ihem consistently-
obs¢rv¢ the meihodb and principles Jn the ChaFilieb Si¢itetnent of Recommended Practice.
make judgen*nts and ¢s¢imates thai rea50n&ble and prudeni;
stale whether applicable accounting siandtsrdg have b¢en followed subject to any inaierial d¢partures diselosed and
explained in the financidl statements: and
prepare the financial statements (pn L going concern b4LSiS unles¥ 1¢ is inappropraite 10 asSU￿e thai the Charity will
coniinu¢.
The trustees are responsible for keeping proper accouniing records whi¢h disclose with reasonable ￿¢￿r1¢Y at any iitnt
the financiul position of the chariiy enable them to ensure th8E Ihc financia] stat¢￿enES comply with ihe Ch￿IlIeS Aci
2011, Ihe Charity (Accounis and Reports) Reglllaiions 2008 and the provisions of the uust deed. They are also
responsibl¢ for safeguarding the asseÈ5 of the chariiy and hence for takittg reusonable sieps for the prevention and
derecuoth of fraud anil other irreèularilies.
Auditors
Barnett Ravens¢roft LiEnited were uppoint¢d auditors h&Ye expressed their willinws 10 Continue and are reappDinted
for the current year.
Appr
ed by the Trusiee on 13 August 2024 al￿ siE]wl oo ils behalf by=
The
ery Reverend Ign4¢iw Harri50n
Pzge 5

THE ORATORY OF SAINT PHILIP NEIU AT BIRMtNGHAM
Independent auditor's report to the trustee5 of THE ORATORY OF SAINT PHILIP NERI AT
BIRMINGHAM
Opinion
We have audited the financial siaLenxnrs of The Oratory Of Saint Philip Neri At Birminghthm (the 'charli￿) for the year
ended 31 December 2023 which comprise the statement of finaACtal atiivities. Ihe balw]ce sheei and the related notes.
The financial reporting tramework rt]at has been applied in their prcparartion is Èpplicable laiv and United Kingdom
Ac¢ounting StJn(lards inclu(Ling Financial Reporting Siandard 102 The Finonciai RcpDfiing Stand&rd applicable iti the
UK and Republic of treland (United Kingdoln Generally Accepied Accounting Practice).
tn our opinion the fiK¥atLci&I staten￿￿[s=
- give a Iwe and fair view of the st2te of ihe chariiys affairs us Lt 31 December 2023, and of ils Lnctsming resources and
application of resources. for the year then ended.
- h&ve been pmp¢rly prepa￿d ift ts¢cotdance with United Kingdom Gener<illy ALcEpied Aecounting Prn¢tice; and
have been prepared in accotdance with the requiren*nis of the Chariries Act 2011.
Basis for opinion
We conducod our audii in aCCorda￿e wilh International Siathdards on Auditing (UK) IJSAS IUKI) and applicable law.
Our responsibilities under those statjdards are furiher described in Ihe Auditor's responsibiliii¢s for the audit of the
financial mtemenis secrion of our repon. We are independeni of the ehari¢y in accordance wirh Ihe eihi¢al requirements
thai are relevaijt LO our audii of th¢ financial siaiemenis in the UK. including the FRC'S EihiLiil SraTr(Jard. aiid we hav¢
fulfilled our other Ethical Eesponsibilities in accordance with these requirement5. We believe thai the audit evi(Jence we
have obtaineil is sufficÈent artd apprnpriate to provide a basis for our opinion.
Conclusions relating to going eoneern
W¢ have noihing to report itk ie5peci of ihe following mailers in relaiion io wl)ich the ISAS (UK) require us to report to
you wh¢r¢".
- lh¢ trus￿S, us¢ of the going ¢ottcern basi5 of accouniing in rhe PiEparauon of the financial sratemeAts is n(M
appropriate. or
¢he trusiees Imve not disclosed the financial staRJrKnts any identified material uncertainties rhaE n]ay casr significant
dollbr abollt the ¢harity's ability to continue to adopt the going con¢¢rJi basis of a￿OUntIng for a period of ai leasi Lwelve
rnottths from the date when the financial siatrmenis aTe authorised for issue.
Other information
The Iwsiees &re responsible for the other information. The other ii)fortnatiot) cojnprises the infort]vation included in the
trustees. annud ￿pOrt. oiher (han the fiThancial statemenrs aTLd our auditorfs report thereon. Our opinion on the financial
stareEnents doe5 not cover the oiher informa(ion and, ￿¢¢pr 10 th¢ extent otherwise explicitly ￿ated in our report, we do
not express any form tsf awran¢e eoTa¢lu5lOn thetron.
ln ¢onneciion with our audir of the financiul staiemen15, our responsibility is to read Ihe other information and. in doang
so. consider wheiher the other informaiion 1$ materially iEJ¢onsisient with the finuncial statements or our knowledge
obt&ined in the audil or oiherwi5e &ppears to be materially misstatrd. If we ideniify such material inconsistencies or
apparent material missiuiemenis, we are EequiTed 10 determine whether there is a material misstatement in the Flnthncial
siaiem¢nts or a ma¢erial missiatemeni of the oiher infortL)ation. If, based on the work wt have perfOrn￿d, we conclude
that Ihere És a tnaierial misstatemeni olthi5 oih¢r informaiion, we are required ro report thai fraci.
We have nothing to repon in this regard.
PaEe 6

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Matters on whlch we are required to report by exeeption
We have noihing io report ￿sPeCt of the following m21ters in relation to which the Clioritte5 (Accounts and Reports)
Regulations 2008 require lls to Feporl EO you if. in our opinion-.
- Ihe information given in the financial siattments i5 illconsisLeni in any maierial respect with the injsiees, r¢port; 01
sufficient accounting records have not ken kept: or
the fjnancial statemenis atr noi in agreement with t[￿ a¢counting records.. or
we huve noi re¢¢ived all the informarion and explanations w¢ require for our oudii.
Responsibilities of trustees
As explained mor¢ fully in the ITUSiees' responsibalilies 5tatenxnt sei out on page 5. th¢ rrns*es ale responsible for the
preparation of financi￿ sialements which give a true and fair view. and for sueh internal control as the trusiee5 deiern)ine
is necessary ty enable the prep￿all0￿ of financial siaien)ents that are free from in&Éerial mi5siaiemeni, whether due to
fraud 01 error.
In prep)Jing the fJn8ncial State￿entS. Ehe Lrustees are res]x)nsible for assessing the ch¥Lriiy'$ ability 10 continue as a going
concern, disclosing, as applicable, matters iel&ted to going concetn and using tht going concern basis of accouniing
unless the trustees either intend to liquidate the ¢hatity OI to cease operdtions. or have no realistic &lierAative bui ro do so.
Auditor's responsibilities for the audit of the f￿ancial statements
We have been appotnted as auditor under 8e¢iion 144 of rhe Charities Act 2011 &Jd repori In atcoidance with th¢ Act
and r¢levant regulations made or haying effeeE ther¢under.
Our objectives are io obtain rea5011able assur￿< abuul whether th¢ financial siaternenis as a whole are free from
material mi5siaiemetki, whether due to fraud or enor. and ￿ issue un a￿dItor'S r¢pori that itlcludes our opinion.
Reasonablc as8urante 15 a high level of assyrJnc< but is noi a guaraiitee thiit an audit conducted in a¢coFdaTrce with ISAS
(UK) will always dete¢t a material tEl]5￿ateMeJiI when li exÉsis. Missiatemertis can aFise frotn fraud or ermr and are
considered maieri¥LI if. individually or ID the aggTegdte, they could reasonably be expected lo knfluence the ¢¢ommic
decisions ot L2sers taken on the basis of ihese financtal sraiemen¢s.
As part of ali audii in dccordance wilh JSAS (UK), we exetcise prof¢ssional judgment and mainitiin professkonal
scepiicism thtoughoui the audit. We also..
- Ideniify and assess the tisks of (naterial missiaremeni ot the financial statetnetlts. Ivhether due to fraud or error, design
nd perfonn audit procedures responsive to those risks, obtain audit evid¢nce Ihat IS sufficient appropriate to
provide a ba515 for our opinion. The risk of not deleciing a rtJateFial Jnlssialen￿nt resllliing from fraud is higher than for
one resulting from erior, u5 fraud may involv¢ Collusion. forgery. Intentiottttl onii55ions. Jnisr¢presentatLOTiS, or the
override of internal ¢onirol.
Obtain an understanding of internal Conirol ttlevani Lo the audit in order 10 desL8n audit pmcedures ihai are appropriate
in the c1rcun)s￿nce5, bui nDt for the purpose of expressitlE aTr opinion on the efftctiveness of Ihc charity's internal conirol.
EvaluaLe the appropria¢en¢55 of accouniins poli¢i¢s used and the reasonableJJes¥ of a¢counian8 estinMr¢s and related
dis¢losures made bythe trustees.
Conclude on Ihe appropriateness of Ihe U￿stee$. of the going concern basis of accounting and. based on Ihe audit
evidence obtained. wheiher a materi£LI utLcerEaiThty cxisis related to events or conditions rhat may east significani doubt on
th¢ ¢hariiy's ability to coniinue as a going concern. If we ¢oD¢lJd¢ that a material uncerminiy exisrs. we are required to
draiv aireniion in our audiiorfs report 10 the rela¢ed disclosures iij th¢ finan¢iol s¢atemenrs or. if 5￿ch disclosures
inadequate, io modify our opinion. Our conclusions are based on the audii evidence obiaiTred up io the daTr of our
auditorf5 report. However, fvture events or conditions njay C￿lUSe Ihe ch￿ltY to ¢¢as¢ ro continue as a going con¢em.
Evalllate the oveTall pre5eno1ion, siructure and conieni of tht fin&D¢idl st4￿me￿Ls. including the disclosures, afid
wh¢th¢r the financial staieEnents represeni ihe underlying transactions and events in a ￿anner Ihai achieves fair
presentation.
Page 7

THE ORATORY OF SAINT PHILIP NER[ AT BIRMINGHAM
We comiknunicai¢ with those chaiged with governance regarding, amotL8 other matters, the planned scope and liming of
Ihe audit and sigllificani audii findings, including any significant deficiencies in internal eontrol Ehai we ideajiify during
our audiL
Use of our report
This repori is Inthe ¥olely to the ch￿lty,5 trustees, as a body} in accordance wilh Part 4 of IlLe Charitics IAtCOL]nts and
Reports) Regulations 2008. OUT audit work ha5 been und¢riaken so that we mighL slate (o the charitys trustces Ihose
maLters ive are required 10 Slate lo thcni in an audiloi'5 repDn and for no oiher purpose. To the fullest exteni pecmitted by
law. we do nor accepr or assume responyibiliiy to anyone other Ihan the choriiy and the charity's wU￿te5 as a body, for
our audit work, for thi5 repon. or for the opinions we have formed.
B.D. Eley FCA (Senior Statstory Auditor)
Ftsr and on behalf of
Barnett Ravenscroft Lin?ited
Chartered Aecounlants and
Statutory Auditors
13 August 2024
13 Portland Road
Edgbaston
Birjningham
B16 9HN
Page 8

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Statement or rinaneial actlvltles
For the year ended 31 December 2023
Unrestricted
ruuds
2023
Total
2022
Totsl
Incomin
resources
Main Trusi
Church Parish
Canonisaiiati FLmd
295,724
406,180
830
295,724
406.180
830
119.088
320.399
84D
Total ineoming resources
702.734
702.734
440,327
Resources ex
ended
Charit4ble activities and su
Main Trust
Church and Parish
Canonisaiion Fund
ort costs .
416.756
344,112
416,756
344.112
372,124
305,099
1.030
760,868
760.868
678,253
GtsveTnthnce costs .
Audit fees
8,650
8.650
8,5(X)
Total resources expended
769,518
769,518
686.753
Net olltgoing resources before other
recognised gains and losses for the year
{66.784) 166,784)
(246,426)
Net incomingl(outgoing) resources beeore
other recognised gains and losses
(66.7841 (66,784)
(246.4261
Other reco
nised
2ins and losses
Listed Investnients:
Realised
Unrealised
Invesimeni InanJg¢m¢nt Cosis
83,165
83,165
377,370
377,370
157,221) (57.2211
1.833,017
2.182,793
(66,5931
403,314
403,314
416,369
Net movement funds
Totol funds broughi forward
336,530
336,530
(662,7951
15,412.050 15,412,050 16.074,845
Tothl funds carried forivard
15.748,580 15.748.580 15.412.050
The statement of financial activiiies includes all gains and losses in the year and therefore a separaie sÈatemenL of ioial
recognised gains and losses ha5 not been prepared.
All of the abov¢ amounis relate to continuing ￿tIVItI¢$.
The Dotes on pages 16 to 18 form an integrdl p#rt of these IiDancial statements.
Page 9

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Statement of fjnancial aetivities
For the year ended 31 December 2023
2023
Tothl
2022
Totsl
MuSn Trust
Income resources trom charitable activities .
DoT]ation5 and ifls
Benefactions
Sundry incoll
Museum
SuThdry donaiions
Royalties and bDok sales
5.681
895
2.079
320
4.597
20,0(K)
1,302
1,132
268
4.389
13.572
27.091
Investment income
Rents re¢eivable
InvestmeThi income and intere¥1 received
32,151
250,001
44.633
47,364
282.152
91.997
Total
295.724
119.088
2023
Total
2022
Total
Church and Par
lThcome rosourcos from ehAYitAblè
DoJJations and ifts
Offertory eolleciions
Di¢xesart collections
Oiher ¢olleetions
Collections for third parties
DouatlOll5
Restoraiion fund
Gift Aid Provision
Sllndries
201.705
465
32.901
5.800
3,824
7,201
69.927
24,039
76.826
225
44,578
6.609
4.365
15,681
12,000
974
345.862
Inco]Min
rosources from
eneratin
fuDd$
Wedding5. futKra15, candles alms sioie fees
Piety stal
Chaplait)cie$
Room hirt Sale of refreshments
40,961
13567
2.000
3.790
40.451
12.260
2,000
4.430
60.318
59.141
Tota]
406.180
320,399
Page 10

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Statement of financial activities
For the year ended 31 December 2023
2023
Totsl
2022
Total
Canonisation FuRd
Income resources from eharltablt activiti
Donati
Dojiations
830
840
830
Total Incon)Ing Resources
702.734
440,327
11

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Statement of financial activities
For the year ended 31 Deeember 2023
2023
Total
2022
Total
Cliaritits activitles and su
ort-
Maln Trust
ComTlluniEy allowances
Sen]inary and uoii'ersity ¢05ts
Rev J Tolhursi
Provisions and cateriKg
Tetnporary kiichen siaff
Pilm￿lmage deficit
Repairs and renovaiions
Cardinal Newman library and room
Light, heal and water
Insurances
Positsge, priniing and S¢a¢iottry
Council tax
Telephone and IT ¢xp¢nses
Moror and travel expenses
Sr&ff wages, Social securiEy and pension cosis
Household cleaning
Sundries
Bonii charges
Bank loan inieresi and churges
Motor depre£iaiion
64,215
17,328
6,852
57.636
1.875
145
06,325
19.175
48.427
27.656
476
6,952
5.914
15.76(1
58,651
10.290
5,905
489
62,116
22,167
6.852
48.354
171
64,453
5.483
35,390
21,581
566
6,608
5.224
11.702
48,497
9.156
7.456
677
14,231
1.000
2,685
416,756
372,124
Page 12

THE ORATORY OF SAINT PHILIP NERI A T IIIRMINGHAM
Statement of financiat activities
For the year ended 31 December 2023
2023
Tot81
2022
Total
Charltles aetlvfitfftes and
Church and Parisli
Music provision
Organ servtcing
Altar society purchases
PdrIsh expen5¢5
Light, heat and water
Insuran¢¢s
Repairs ¥Lnd niaintenance
Candles* particles and wine
Donations and honoraria
Vesttnents and sacred vessels eic
Bank charg¢s
Telephone and IT expenses
Staff wag¢5. SQCLal securiLy dnd p¢nsion ¢osrs
Moior and travel expenses
Sundries
Collections remitted
Piety siail
83.552
66.291
3.289
1,667
4.356
21.671
52,055
14.718
14.348
320
5,042
1.836
5,224
91,903
2.661
5.768
31.050
62.944
14,218
12,236
3,065
1,828
5,914
86,313
4,055
551
15,223
13,601
2.314
11.299
8.766
344.112
305,099
Total
760,868
677,223
PaÈt 13

THE ORA TORY OF SAINT PHILIP NERI A T BIRMINGHAM
Slatement of financial activities
For the year ended 31 December 2023
2023
Total
2022
Total
Charities actiYRtles stj
OTt:
CanoDisatton Fund
Decreial Letters
Website hosting COSIS
Printing
835
835
195
1.030
Pagc 14

THE ORATORY OF SAINT PHILIP NER[ AT BIRMINGHAM
Balance sheet
as at 31 Deeember 2023
2023
21122
Notes
Fixed assets
Tangible tt&%eis
lftvestments
Listed investnxnts
6.109,547
6,(Y74.647
8.708.382
8.728.2(10
14.817,929
14.802,847
Current assets
Debtors
Short term deposils
Cash at bank and in hattd
516,477
176,585
264.417
73.189
234,004
502.731
957.479
809.924
Creditors: amounts falling
due wlthln one year
Net current assets
(26.828}
1200.7231
930,651
609,201
Net assets
15,748,580
15.412,048
Represented by Funds
Unrestricted funds:
General fund
Revaluation reserve
9.566.573
6.181.177
9.710.485
5.803.807
15.747,750
15.514.292
Restricted Funds
Newman C4noni5alion Fund
830
(102,244)
Total funds
15.748.580
15.412.048
Th¢fi
ncial siateinenis
approved by the [rns￿es on 13 Au8USt 2C124 and signed on irs beh4lf by
The Very Reverend Ignatius Harriso
Trustee
The not¢s on page5 16 to 18 form an integrol part of these finan(xal statements.
Page IS

THE ORATORY OF SAINT PHILIP NERI AT BIIUVIINGHAM
Notes to financial statements
for the year ended 31 December 2023
AccouDting policies
The principal accounting policies are summarised below. The ac¢ouJ]lin8 policies have been applied tonsisienily
Ihroughoui the year and the preceding year.
1.1. Basis of accounting
ThE fjnanciai statemen￿ are prepllted under Ihe historical Cost conventioji and in ￿CordanCe with ihe StatEmEnt
Of Recominended Practice 'Aecounting dnd Reporting by Chariri¢s'. Siaieffteni of Recommended Pracii¢e' issued
in March 2005 (SORP 2005) and the Charftties Aci 2011.
1.2. Cashnow
The chariiy has taken 4dvaniage of the exempiion in FRSI from Ihe requirement to pniduce a ¢a5hflow staiement
b¢¢ause it is a small charity.
1.3. Incoming resource5
Income from properties and inytstmenis is accountrd fgr in the year in whEch it is recexvablL Voluniary irtcon
and other incomiijg r¢sour¢¢s are itkcluded in the siaiement of financial acrivilies when iEcivabl
1.4. Resources expended
Expenditure on ehtsritabl¢ activities, goveTE)atLce attd geoerating fvnds is r¢cognised aod accounied for in the year
to which it rela*s.
Governance cosi8 comprise the ￿sOCiated with involving Éhe public aceouniabiIity of lh¢ ChariTy and its
eompli3n¢e with regulation and good Pwlire. These costs include costs related to sia¢u¢ory audat. legal and othttr
professional fees.
1.5. Tangible fixed assets and depreclatiott
The iniiial cost incurred by the Oratory in providing buildings, fixtures. filtings equipnient rnoior vehicles is
capit&lised. ReTrewals of t'llrnishings atKI fitlitjgs are Charged io revenue . The cost less residllal tsf the
remaining slLOrt life assets is wriiien off Èo reveun¢ ov¢r the expeeied usefi]I life, as follows=
Fixtllres, fittings and equipmeni
Motor vehicles
?5% stnTright line
25% strdight line
Freehold buildings are noi depreciaied on the grounds Ihai ihey are tntsintained re8ultwly to a hgh st&ndard and, in
the opiniL>n of the ti'ustees. Ihc estimated residual valut IS 50 high and ihe anticipated useflll life 50 long rhai any
depreciation t$ Jnlikey 10 be material in ihe context of the accounts. The trustees have carefi]Ily considered any
impairment Ihe carrying value of the properri¢s and a provision 15 nor considered necessary.
l.& Investments
tnvesiments held as tixtd as5els are revalu¢d ai m￿k¢1 vulue #E the balance she¢¢ dale and the gain or loss taken
10 the statement of financial aciivitits.
1.7. VAT
Value added Mx is not recoverable by Ihe chdrity aiid Js such is included in the releveni costs in the Balance
Sheet and sialen￿nI of Financial Activities.
Page 16

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Notes to financial statements
roi. the year ended 31 December 2023
Charitable status and taxatlon
As a Charity, The Oraiory of Saint Phtlip Neri ai BirnJitiBham, 55 exempt froni tax on income a￿d gains falling
within section 478 of the TJxe$ Act 2010 or Section 256 of the Tax4iuon of Chargeable Gains Act 1992 10 the
extent thai these are applied 10 lis charitable objects. No charges have aTi5en within lh¢ charity.
Salar&es and wage5
2023
2022
Wthges and Salaries
Social 5ecuriiy ¢osis
Pension cos(s
138.137
5.514
.313
134.152
4,576
1.672
144.964
140.400
No Employee received emoluments of more thun £60,000 (2022 .. None).
Number of employees
The average monthly numbe[5 of employees {includiftg trustees) during th¢ year, calculated the basis of
full tame quivalents. Ivas as follows..
2023
Number
2022
Number
Sacristan
Managett*nt and adminisirn¢Éon
Doorn]en
Catering
Page 17

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Notes to financial statements
for the year ended 31 December 2023
Land and Fixtures.
buildings fittings
freehoId ¢quipment
Tangible fjxed assets
Mo¢or
veliicles
Tot41
Cost
l January 2023
Additions
5.916,897
194,903
30,845
4.000 6,115.800
6,740
37585
At 31 Dec¢mber 2023
5.916.897
225.748
10.740 6.153.385
Depreciation
At l January 2023
Charge for ihe year
39.153
2.000
2.685
41,153
2.685
Ai 31 December 2023
39,153
4.685
43.S38
Net book Yalues
At 31 December 2023
5,916.897
186,595
6,055 6.109.547
At 31 December 2022
5,916,897
155.750
2.(M)J 6,074,646
The Trllstees have Consideted ihe valuation previously attributed to thc freehold properties and are of the opitkion
thai the value remains appropria￿ as at 31 December 2023. Th¢ wvsiees have also eon5idered the need for an
impairment review tmd have concluded th￿ IM) siBns of inipaitETrenÈ have ocurr¢d.
DLTe ID ihe uni9ue nature of the properly and ils deed of convenant SUrro￿nding the pmperty It is very difficult io
fairty value.
Page 18

THE ORATORY OF SAINT PHILIP NERI AT BIRMINGHAM
Notes to finanelal sttstements
for the year ended 31 December 2023
Fixed asset investments
2023
2022
Listed Inv￿tMentS
Cost
At l January 2023
A(Idilions
Wiihdrow41s
Disposals
8,589,391
414.579
1730,0001
181.7661
i.287,281
9,065,024
{620,117)
15,142.7971
Ai 31 December 2023
8,192.204
8.589.391
Surpluslldeficit) on revaluation
At l January 2023
Eliminated on disposals
Adju51n]eni for the year
138,807
1138.8071
516,178
4,401.397
(4.401.397)
138,807
Ai 31 December 2023
516,178
138.807
Market valu¢
Ai 31 December 2023
8,708.382
8,728.198
Ai 31 Deeember 2022
8,728.198
9.688.678
Investments at n)arket valu¢ compriscd
Equities and unli Irusts
8,708,382
8,728.198
8,708.382
8,728,198
All investments are qtsoted on the UK Siock Exchange and have been acqllired within the Trusiees. powers.
The Lunsolidated fjxed asset invest￿entS have cojiitnued to provide a r¢turn as expected with app)inred fund
managem¢nt Barnett R&veRs¢roft Wealth manage￿￿￿t.
Debtors
20
2022
Amounis owed by group unikrlakings
Sundry debior$ and prepaymeEJts
427,213
89,264
58,903
14,286
516,477
176,i85
73,189
234,004
Short Eetm depostts
693.062
307,193
Poge 19

THE OIIATORY OF SAINT PHILIP NEIU AT BIRMtNGHAM
Notes to financial statements
for the year ended 31 December 2023
Creditors: amounls falllng due
wiÉhiTh one year
2023
2022
Other creditors and collectE0￿* not renuited
Accruals and deferred income
159,929
40.794
26,828
26,828
200.723
Funds
Unresticted G¢n¢ral Fund
This comprises Ihostt hnds wjllch ih¢ Trusiees are free to use accordance with ihe charirabl¢ objecL
Revalu&tion RLs¢rve
This represents Ihe ui]realised surplus arising on the revaluation of prop¢rties listed investt￿en1$.
Analysis of net assets by fund
General RovaluatlOD
funds
funds
R¢str5cted
Total
runits
Fixed assets
Net current assets/(liabiliiies)
9,566,573
6.181.177
15,747,750
830
830
Net assets
9,566.573
6.181.J77
830
15.748.580
io.
Transactions with trustees
As ￿eTr]berS of the Congregation the TNsiees' living expenses were borne by the charity.
ND remuneiatiotl wa5 paid io &t)y Tn]sw¢ from Charity FuTLds during the year. Paymenis to meet cl(TrihiDg and
other incidertt&l expenses are made to the Oraiory Fathers.
Other than siaied above no Twsiees had a benefs¢ial inierest in any contraci Wilh the charity.
Pagc 20