## **THE ORDER OF CANONS REGULAR OF PREMONTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
**Charity Registration No. 257658**
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Rev. Martin Gosling, O.Praem Rev. Thomas Swaffer, O.Praem Mr Philip Orpwood Mr Michael Roberts **Canonry Superior** Rev. Thomas Swaffer, O.Praem **Canonry Provisor** Fr. Martin Gosling, O.Praem **Charity number** 257658 **Principal address** St Mary's Priory King Street Muston Filey YO14 0EW **Independent examiner** Hunter Gee Holroyd 19 - 21 Belle Vue Street Filey YO14 9HU **Bankers** Santander UK plc Bridle Road Bootle Merseyside L30 4GB SW1V 3RD **Solicitors** Wrigleys Solicitors 3rd Floor, 3 Wellington Place Leeds LS1 4AP **Independent financial advisors** Thurlowe-Clarke Hamilton House 87-89 Bell Street Reigate Surrey RH2 7AN **Investment managers** Brewin Dolphin 45 London Road Reigate Surrey RH2 9PY
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 18|
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The Trustees present their report and accounts of the Muston Canonry of the Canons Regular of Prémontré (Norbertine Order) for the year ended 31st March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The Muston Canonry aims to support the religious and other charitable works carried out by the members of the Canonry and to care for those members throughout their lives with the Order. These ministries fall into the following main categories:
- Parish and Pastoral work
- Retreats and Spiritual Direction for other Religious Communities.
## **Public Benefit**
The Gospel records Jesus Christ as stating the first and greatest commandment as “You shall love the Lord your God with all your heart, and with all your soul, and with all your mind, and with all your strength”. This is the basis of our faith and its culmination is in the choir celebration of the Liturgy of the hours and the communal celebration of the Eucharist.
The Rule of St. Augustine, which Norbertine Canons follow opens with the lines: “The first purpose for which you have come together is to be of one mind and one heart on your way towards God.” The model of community life presented by Augustine is that of the early Church recorded in the Acts of the Apostles in which “believers were united, heart and soul; no one claimed for his own use anything that he had, as everything was owned in common.” The Norbertine Community has synthesised these ideals in its Mission Statement :
Called by the Spirit, united in Christ, and guided by Augustine and Norbert, we delight in God’s dream for us by praying and living together.
As seekers
we aspire to be of one mind and one heart on our way to God.
As witnesses
we respond to the Gospel challenge.
As prophets
we proclaim the power of living simply in community.
As servants of the Church we minister to ourselves and others, creating a place of welcome, prayer and peace.
The community assists as required in the parishes of St. Mary’s, Filey, St. George’s, Eastfield, Our Lady and St Peter's Bridlington and occasionally with the Scarborough Catholic Parishes.
We have a mailing list of people to whom we write three times per year. These people are benefactors of the community and in turn are helped by the prayers of the community and the reflections in the Newsletter.
- 1 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
As stated above the activities of the charity can be divided into these principal areas: caring for members of the Canonry; parish and pastoral duties; retreats and spiritual direction for other religious communities. Each is considered below:
1) Caring for members of the Canonry
In common with many Orders and Congregations in Britain the age profile of members of the Canonry is increasing as existing members grow older and the number of vocations becomes minimal. The age profile is:
Age range Number of priests 70+ 1 50+ 1
The aspirant who joined the community in February of last year, with his border collie, did not survive. He returned to Sussex, but remains a friend of the community and will visit from time to time.
The Canonry has an obligation both moral and legal to care and provide for its members, including those who leave the community, none of whom have resources of their own and all of whom have devoted a significant part of their lives to the care of the elderly, poor and marginalised of society. As the age profile of the Canonry increases so too does the need to provide increasing and increasingly expensive care.
## 2) Parish and Pastoral duties
The canonry has assisted in the Catholic Parishes of Filey and Eastfield and, to some extent, Bridlington. The community is sometimes called upon to help out in the various Scarborough parishes.
3) Retreats and Spiritual Direction for other Religious Communities
The aims of the trustees in these areas include:
• Enabling the members of the Canonry to carry out meaningful social and pastoral work within the community after assessing their skills and the needs of the local area.
• Wherever possible ensuring that members are remunerated for such work by way of salary or stipend. Such income is donated to the common fund of the canonry and thereby ensures that the work of the Canonry may continue into the future and develop.
## **Protection of Children and Vulnerable Adults**
Along with all other organisations who serve in the community, the trustees recognise the absolute necessity of ensuring the protection and safety of all those the Canonry serves. This means that those who are in any kind of ministry have to obtain clearance from the Disclosure and Barring Bureau. The trustees are committed to implementing all the policies and procedures of the National Catholic Safeguarding Commission (NCSC) and the Catholic Safeguarding Advisory Service (CSAS). They are regulated by the Religious Life Safeguarding Service (RLSS). The community participates in safeguarding courses provided by the diocese.
## **Grants and Donations**
The charity does not regard itself as a grant making charity and applications for grants and donations are not invited.
- 2 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Achievements and performance**
## **Financial review**
A summary of the year’s results follow. During the year to March 2025 total incoming resources were below the level at 2023/24 and amounted to £84,655 (2024 £87,739. Resources expended were at a higher level compared to 2023/24, totalling £262,342 (2024 £208,641).
## **Reserves policy**
The reader will discern a range of activities carried out by the charity which is also responsible for the care and support of its members whose average age is increasing and whose needs are changing. The charity does not have restricted funds, although the majority is represented by tangible fixed assets and investments. The balance held as free reserves at 31 March 2025 was £79,531 after allowing for funds tied up in fixed assets and investments which is equivalent to just under 4 months of charitable expenditure. The trustees consider that this is sufficient funds to cover anticipated charitable expenditure as it arises.
The trustees designate funds for the care of the elderly and a future pension fund, for the education of students (recruitment) and the maintenance of property.
## **Investment policy**
The charity’s investments are managed at medium risk by Brewin Dolphin Investment Management. There are no restrictions on the charity’s power to invest.
The policy is to maximise total return through a diversified portfolio.
## **Risk Management**
In line with the requirements for trustees to undertake a risk assessment exercise and report on the same in their annual report, the trustees have looked at the risks the Canonry currently faces and have reviewed measures already in place, or needing to be put in place, to deal with them. The trustees have identified five main areas where risks may occur:
- Governance and Management
- Recruitment
- Financial
- Reputational
- Health and Safety for members, employees, volunteers and visitors
Governance and management looks at the risk of the Canonry suffering from a lack of direction, at the skills and training of its members, and the good use of resources.
Recruitment looks at the future for attracting young men to join us. There have been no recruits for a number of years thus, as mentioned last year, we have become affiliated with Strahov in the Czech Republic.
Financial risks include those arising from poor budgetary control, inappropriate spending, poor accounting, inappropriate investment policies.
Reputational looks at possible damage to the Canonry’s reputation.
Health and Safety for members, employees, volunteers and visitors – Every effort is made to ensure that all on the property, residents, volunteers employees and visitors are aware of hazards and that manufacturers’ guidelines are followed in the operation of machinery.
- 3 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Development and plans for the future**
Following on from last year’s mention of a growing affiliation with the Royal Norbertine Abbey of Strahov, Prague, the abbot, his prior and his secretary have visited in the last year and this year’s retreat was also preached by a member of that community.
The community has gathered a group of friends, known as Associates, which in the past would have been called the “Third Order” , These are lay men and women (about 13 of them) who live their own lives but join the community in prayer, visits to Muston and other journeys, such as a planned visit to Strahov for the feast of St. Norbert.
## **Structure, governance and management**
The Order of Canons Regular of Prémontré (the Norbertine Order) is an international Roman Catholic Religious Order. It was founded in France in 1121. Its Generalate is in Rome and it is constituted of autonomous canonries (abbeys and priories with their dependent works). The Order was re-established in England in 1872 and is governed by a scheme dated 29th June 2004 (Charity No. 257658).
In terms of Canon Law the supreme governing body of the Order is the General Chapter which meets every six years. Between these times there is an Abbot General who meets twice a year with four Definitors. The Muston Canonry is governed by its superior and his council. In terms of Civil law the Order is governed by the trust deed cited above, and is administered by the Trustees listed on page 1.
The Trustees are members of the Order, or closely associated with it, and have a detailed knowledge of the Order and its structure.
The trustees who served during the year were:
Rev. Martin Gosling Rev Thomas Swaffer Mr Philip Orpwood Mr Michael Roberts
The trustees are incorporated under section 50 of the Charities Act 1993.
The trustees are responsible for the policies, activities and assets of the charity. They meet quarterly to review developments with regard to the charity and its activities and make any important decisions. When necessary, the trustees seek advice and support for the charity; professional advisers including property consultants, investment managers, solicitors and accountants.
## **Working with other organisations**
The charity works with other charities and public bodies in the services they provide. In some instances they are employed by these organisations, whilst in other instances the relationships are more informal. In all cases, working together with other charities and public bodies enhances communication and understanding thus enabling services to be provided more efficiently and effectively and avoiding the duplication of effort. Examples of organisations for which the members of the Canonry have worked and with which they have cooperated during the past year are as follows:
- Roman Catholic Diocese of Arundel and Brighton
- Roman Catholic Diocese of Middlesbrough
- Catholic Parishes of Eastfield, Filey and Bridlington
- - The Chemin Neuf Community
- 4 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
## **Fr Martin Gosling**
Trustee Dated: 5 October 2025
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## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE ORDER OF CANONS REGULAR OF PREMONTRE**
I report to the trustees on my examination of the financial statements of The Order of Canons Regular of Premontre (the charity) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
- I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Nigel Everard BA FCA Hunter Gee Holroyd 19 - 21 Belle Vue Street Filey YO14 9HU
Dated: 8 October 2025
- 6 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted Unrestricted**
**funds**
**funds**
**general**
**2025**
**2025**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
19,722
-
Charitable activities
**3**
4,943
-
Investments
**4**
59,930
-
Other income
**5**
60
-
**Total income**
84,655
-
**Expenditure on:**
Raising funds
**6**
20,574
-
Charitable activities
**7**
214,804
26,964
**Total resources**
**expended**
235,378
26,964
Net gains/(losses) on
investments
**12**
-
(38,326)
**Net**
**(outgoing)/incoming**
**resources before**
**transfers**
(150,723)
(65,290)
Gross transfers between
funds
233,983
(233,983)
**Net movement in funds**
83,260
(299,273)
Fund balances at 1 April
2024
38,019
3,334,422
**Fund balances at 31**
**March 2025**
121,279
3,035,149|**Total**
Unrestricted
Unrestricted
funds
funds
general
**2025**
2024
2024
**£**
**£**
**£**
19,722
20,166
-
4,943
6,009
-
59,930
59,430
-
60
2,134
-
84,655
87,739
-
20,574
13,196
-
241,768
168,481
26,964
262,342
181,677
26,964
(38,326)
-
143,182
(216,013)
(93,938)
116,218
-
98,903
(98,903)
(216,013)
4,965
17,315
3,372,441
33,054
3,317,107
3,156,428
38,019
3,334,422|Total
2024
**£**
20,166
6,009
59,430
2,134|
|---|---|---|
|||87,739|
|||13,196|
|||195,445|
|||208,641|
|||143,182|
|||22,280
-|
|||22,280
3,350,161|
|||3,372,441|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **BALANCE SHEET** _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**14**
Investments
**15**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds-general
Designated funds:
General unrestricted funds|**2025**
**£**
**£**
1,293,075
1,783,822
3,076,897
43,915
38,476
82,391
(2,860)
79,531
3,156,428
3,035,149
121,279
3,156,428|**2024**
**£**
**£**
1,290,494
2,023,721
3,314,215
42,160
18,776
60,936
(2,710)
58,226
3,372,441
3,334,422
38,019
3,372,441|**2024**
**£**
**£**
1,290,494
2,023,721
3,314,215
42,160
18,776
60,936
(2,710)
58,226
3,372,441
3,334,422
38,019
3,372,441|
|---|---|---|---|
||||3,314,215
58,226|
||||3,372,441|
||||3,334,422
38,019|
||||3,372,441|
The financial statements were approved by the Trustees on 5 October 2025
Fr Martin Gosling **Trustee**
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## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
The Order of Canons Regular of Premontre is a an international Roman Catholic Religous Order.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except in circumstances where they are incapable of financial measurement. Investment and rental income are recognised in the year in which they are receivable.
- 9 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned according to the applicable expenditure headings.
Support costs and governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include Independent Examiner's and legal fees.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 2% straight line Fixtures, fittings & equipment 15% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 10 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|19,722|20,166|
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## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **3 Income from charitable activities**
|**4**
**5**
**6**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
**Novena, Christmas etc**
Other income
4,943
6,009
**Investments**
**2025**
**2024**
**£**
**£**
Rental income
2,213
2,312
Income from pensions etc
11,554
11,365
Interest receivable
46,163
45,753
59,930
59,430
**Other income**
**2025**
**2024**
**£**
**£**
Sale of wine etc
60
220
Sale of carpets
-
1,914
60
2,134
**Raising funds**
**2025**
**2024**
**£**
**£**
Investment management
20,574
13,196
20,574
13,196
**For the year ended 31 March 2024**
Investment management
13,196|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
**Novena, Christmas etc**
Other income
4,943
6,009
**Investments**
**2025**
**2024**
**£**
**£**
Rental income
2,213
2,312
Income from pensions etc
11,554
11,365
Interest receivable
46,163
45,753
59,930
59,430
**Other income**
**2025**
**2024**
**£**
**£**
Sale of wine etc
60
220
Sale of carpets
-
1,914
60
2,134
**Raising funds**
**2025**
**2024**
**£**
**£**
Investment management
20,574
13,196
20,574
13,196
**For the year ended 31 March 2024**
Investment management
13,196|
|---|---|---|
|||**2024**
**£**
2,312
11,365
45,753|
|||59,430|
|||**2024**
**£**
220
1,914|
|||2,134|
|||**2024**
**£**
13,196|
|||13,196|
|||13,196|
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## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **7 Charitable activities**
|**Household**
**costs**
**Motor and**
**travel costs**
**Other direct**
**charity**
**costs**
**2025**
**2025**
**2025**
**£**
**£**
**£**
Depreciation and impairment
-
4,916
27,003
Insurance
2,770
-
-
Utilities
14,117
-
-
Repairs and maintenance
63,019
-
-
Other household expenses
61,535
-
-
Motor and travel expenses
-
26,212
-
Postage and stationery
-
-
1,459
Library
-
-
1,600
Sundry expenses
-
-
9,783
Donation
-
-
20,017
141,441
31,128
59,862
Share of governance costs (see note 8)
9,337
-
-
150,778
31,128
59,862
**Analysis by fund**
Unrestricted funds - general
150,778
31,128
32,898
Unrestricted funds -
-
-
26,964
150,778
31,128
59,862|**Total**
**2025**
**Household**
**costs**
**Motor and**
**travel costs**
**Other direct**
**charity**
**costs**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
31,919
-
4,638
27,010
2,770
2,687
-
-
14,117
7,733
-
-
63,019
70,434
-
-
61,535
46,146
-
-
26,212
-
8,752
-
1,459
-
-
1,401
1,600
-
-
837
9,783
-
-
4,113
20,017
-
-
15,123
232,431
127,000
13,390
48,484
9,337
6,571
-
-
241,768
133,571
13,390
48,484
214,804
133,571
13,390
21,520
26,964
-
-
26,964
241,768
133,571
13,390
48,484|**Total**
**2024**
**£**
31,648
2,687
7,733
70,434
46,146
8,752
1,401
837
4,113
15,123|
|---|---|---|
|||188,874
6,571|
|||195,445|
|||168,481
26,964|
|||195,445|
- 13 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **8 Support costs**
|Independent Examiner's
fees
Legal and professional
Bank charges
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
2,828
-
6,374
-
135
-
9,337
-
9,337|**2025**
**£**
2,828
6,374
135
9,337
9,337|**2024 Basis of allocation**
**£**
2,691
Governance
3,768 Governance
112 Governance
6,571
6,571|
|---|---|---|---|
## **9 Net movement in funds**
||||
|---|---|---|
|**Net movement in funds**|**2025**|**2024**|
||**£**|**£**|
|The net movement in funds is stated after charging/(crediting):|||
|Fees payable for the independent examination of the charity's financial|||
|statements|2,828|2,691|
|Depreciation of owned tangible fixed assets|31,919|31,648|
## **10 Trustees**
As members of the Order, the trustees' living expenses are borne by the Order but the trustees (or any persons connected with them) received no remuneration or other benefits in connection with their duties as trustees during the year.
## **11 Employees**
There were no employees during the year.
## **12 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**Retirement**|**Retirement**|
||**fund**|**fund**|
||**2025**|**2024**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|(229,552)|122,835|
|Sale of investments|191,226|20,347|
||(38,326)|143,182|
- 14 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation and impairment**
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
**Carrying amount**
At 31 March 2025
At 31 March 2024|**Land and**
**buildings**
**£**
1,348,188
-
1,348,188
71,866
26,964
98,830
1,249,358
1,276,322|**Fixtures,**
**fittings &**
**equipment**
**£**
3,315
-
3,315
3,055
39
3,094
221
260|**Motor**
**vehicles**
**£**
33,722
34,500
68,222
19,810
4,916
24,726
43,496
13,912|**Total**
**£**
1,385,225
34,500|
|---|---|---|---|---|
|||||1,419,725|
|||||94,731
31,919|
|||||126,650|
|||||1,293,075|
|||||1,290,494|
## **15 Fixed asset investments**
|**Listed**
**investments**
**£**
**Cost or valuation**
At 31 March 2025
1,994,598
Additions
910,411
Valuation changes
(229,552)
Disposals
(914,757)
At 31 March 2025
1,760,700
**Carrying amount**
At 31 March 2025
1,760,700
At 31 March 2024
1,994,598|**Cash in**
**portfolio**
29,123
-
(6,001)
-
23,122
23,122
29,123|**Total**
**£**
2,023,721
910,411
(235,553)
(914,757)|
|---|---|---|
|||1,783,822|
|||1,783,822|
|||2,023,721|
- 15 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **16 Debtors**
|**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2025**
**£**
42,920
995
43,915
**2025**
**£**
2,860|**2024**
**£**
41,290
870|
|||42,160|
|||**2024**
**£**
2,710|
## **17 Creditors: amounts falling due within one year**
## **18 Analysis of net assets between funds**
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**Retirement**
**fund**
**2025**
**2025**
**£**
**£**
**At 31 March 2025:**
Tangible assets
43,717
1,249,358
Investments
-
1,783,822
Current assets/(liabilities)
77,562
1,969
121,279
3,035,149
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**Retirement**
**fund**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Tangible assets
14,173
1,276,321
Investments
-
2,023,721
Current assets/(liabilities)
23,846
34,380
38,019
3,334,422|**Total**
**2025**
**£**
1,293,075
1,783,822
79,531|
|---|---|
||3,156,428|
||**Total**
**2024**
**£**
1,290,494
2,023,721
58,226|
||3,372,441|
- 16 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
# **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **19 Designated funds**
|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as|
|---|---|---|---|---|---|---|---|---|---|---|
|to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.|||||||||||
||**Balance at**|**Resources**|**Transfers**|**Gains and**|**Balance at**|**Resources**|**Transfers**|**Gains and**||**Balance at**|
||**1 April 2023**|**expended**||**losses**|**1 April 2024**|**expended**||**losses**|**31 March 2025**||
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**||**£**|
|Retirement fund|3,317,107|(26,964)|(98,903)|143,183|3,334,422|(26,964)|(233,983)|(38,326)||3,035,149|
The retirement fund has been designated for the charity's commitment to provide for the retirement and care in old age and sickness of the community's members.
- 17 -
## **THE ORDER OF CANONS REGULAR OF PREMONTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 18 -