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2025-02-28-accounts

Charity Registration No. 257912 (England and Wales)

Charity Registration No. SC040066 (Scotland) Company Registration No. 00930265 (England and Wales)

MARIAPOLIS LIMITED

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Members Of Trustees

Members Of Trustees Mark John D'Arcy Jan Morovic Kristof Maucha (Appointed 29 April 2024) Callan Slipper (Appointed 29 April 2024) Chairman Mark John D'Arcy Secretary / Tresasurer Rumold Van Geffen Charity number (England and Wales) 257912 Charity number (Scotland) SC040066 Company number 00930265 Principal address Unit 1, Polaris Centre 41 Brownfields Welwyn Garden City Herts AL7 1AN Registered office Unit 1, Polaris Centre 41 Brownfields Welwyn Garden City Herts AL7 1AN Auditor UY Accountants Ltd 78 York Street London W1H 1DP Bankers HSBC 46 The Broadway London W5 5JR AIB Bank 6/7 Main Street Rathfarnham Dublin 14 Ireland Solicitors Wedlake Bell 71 Queen Victoria Street London EC4V 4AY

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Directors' report 1 - 10
Statement of directors' responsibilities 11
Independent auditor's report 12 - 14
Statement of financial activities 15 - 16
Balance sheet 17 - 18
Statement of cash flows 19
Notes to the financial statements 20 - 31

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

The Members of trustees present their report and accounts for the year ended 28 February 2025. This report also represents the Trustees' Report which is required to be prepared by Part 8 of the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The accounts have been prepared in accordance with the accounting policies set out in note 2 and comply with the charity's Memorandum of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

The Members of Council have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Structure, governance and management

The Focolare Movement is an international organisation which began in Italy in 1943 and is now active in all five continents. The general headquarters are in Rome, from which the worldwide regions are coordinated (operating through PAMOM for the men's section; and PAFOM for the women's section). The movement is divided into a number of ‘regions’ linked with the centre.

Worldwide regional centres have been set up allowing for a more local integration of all the activities. The zone of Great Britain (together with Iceland, Ireland, Norway, Sweden, Finland, Denmark, Benelux, France, Spain, Portugal and Malta) has its regional centre in Brussels. For the moment this regional centre operates under the same name as all the activities of the Focolare have been operating in Belgium, i.e. the 'Foyers de l' Unite' (number d ' identification: 5959/68; number d'entreprise: 0409.626.941). The possibility of setting up a separate Not for Profit Organisation is still under review.

The accounts accompanying this report are the accounts of the company which deals with the income and assets of the men's section of the Focolare Movement in the ''zone" of Great Britain.

Mariapolis Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 8 April 1968. It is registered as a charity with the Charity Commission of England and Wales (257912) and the Scottish Charity Commission (SC040066).

The Members of trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mark John D'Arcy Francis Thomas Johnson Carlo Poggi Paul Anthony Gateshill Jan Morovic Kristof Maucha Callan Slipper

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

The directors of the charity are also charity trustees for the purposes of charity law and under the company's Articles are known as Members of the Council. Under the requirements of the Memorandum and Articles of Association the number of the members of the Council shall not be less than three nor more than seven.

None of the Members of Council has any beneficial interest in the company. All of the Members of Council are members of the company and guarantee to contribute £1 in the event of a winding up.

The Directors and Secretary (Members of the Council) have, so far, been chosen from among those who have a lifelong commitment to the aims of the charity (Mariapolis Ltd) locally in the United Kingdom and/ or to the aims of the Focolare Movement world-wide. All members of the council are, therefore, already familiar with the practical work of the charity having been involved in its work for several years. Additional training is provided by working alongside existing members of the council for a period long enough to assure a smooth transfer of the responsibilities involved.

The Directors of the company are responsible for the charity’s assets and activities. This Council meets at least three times per year, sometimes with members responsible for the community houses and principal activities of the charity.

Key decisions about the activities of the charity are taken by the ‘Core Group’ which meets monthly. The Trustees collaborate closely with the ‘Core Group’. They are also in regular communication with those responsible for the community houses, the Centre for Unity (administered by Focolare Trust), and for key activities of the Movement. The management of the day to day running of the charity’s activities (e.g. event planning, media and communication) is undertaken by the people responsible for the different areas of interest, such as: Ecumenism, Interfaith, local communities, youth leaders, Focolare volunteers, Mariapolis and other interest groups.

Connected charities

We are also closely linked with the Focolare Movement headquarters in Rome which operates as a recognized ecclesial body (115/1966) under the name PAMOM (Pia Associazione Maschile Opera di Maria), and the regional centre in Brussels which operates under the name of 'Foyers de l'Unite' (number d 'identification: 5959/68; number d'entreprise: 0409.626.941).

Most activities are planned and organised together with Focolare Trust, registered charity no 279072 which handles the income and assets of the Women's Section of the Focolare Movement in the same geographical ‘zone’ of Great Britain.

Directors of Mariapolis Ltd and trustees of Focolare Trust continue to meet to explore ways of aligning the two charities more closely.

Risk management

The members of the council have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Succession management

During 2024-25, we continued to be aware of the age profile of many of the consecrated members living in our houses. We have continued to be engaged in discussions with Focolare members both in this country and in Western Europe as to how to ensure the wellbeing of members in the future. The aspect of succession planning, which is linked to the ageing of our communities, is regularly discussed within governance consultations, such as during the “Roots & Wings” meeting for members in September 2024 and 2025 and among members of the community houses.

Safeguarding

The Focolare GB Safeguarding team comprises four members - two Safeguarding Officers: Jane Evans and Nic Innocent; and two additional members/administrators: Claudia Melis and Anja Primbs.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

Progress on Safeguarding Plans for 2024-25

The umbrella agreement with CCSA is nearing formal completion.

To support the development of a culture of safeguarding:

Safeguarding Plans for the year 2025 – 26

Privacy Policy

A Privacy Policy Document has been set up to comply with the UK Data Protection Act 1998 and other applicable European data protection legislation. See: https://www.focolare.org/gb/privacy-2/

The members of the council regularly examine other operational risks faced by the charity and continue to improve established systems to mitigate any significant risks.

Data Protection in 2024-25

The Data Protection team focused on maintaining a system that protects personal data while supporting Focolare GB’s activities. Updated practices were successfully tested at the Mariapolis event. Two minor data breaches were managed and used to improve future procedures. The Data Protection Officer role transitioned to Gerry Murphy in December. Key achievements included enhancing email security, creating a breach response flowchart, and completing a Data Protection Events Manual.

Objectives and activities

The Charity’s principal aims as stated in the Memorandum of Association are:

(i) the relief of poverty, sickness and old age;

(ii) the advancement of education;

(iii) the promotion of higher standards of moral life in the individual, the family and the community; and (iv) the advancement of religion.

To further these objectives the charity possesses properties and provides for the upkeep of vow-taking members of the Focolare Movement in Birmingham (Willenhall), London, and Welwyn Garden City. It organizes courses and conferences under the name “Mariapolis”, and publishes books and magazines under the name of “New City”.

The Members of trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

Grant making policies

The Charity's grant making policy and procedures depend on decisions made in consultation with both the members responsible for the Movement in Britain and with those responsible for each local community house. Priority is given to furthering our own projects. Financial support is sometimes given to close relatives of community members who are in need. This help is given sensitively and to correspond to individual needs. With regards to objectives for overseas donations, contributions are made in consultations with headquarters in Rome (PAMOM). One can see a great variety of activities supported by communities of the Focolare Movement supported by PAMOM by visiting the Focolare Website www.focolare.org.

Achievements and performance

Review of activities in line with the objectives set out for the year 2024 to 2025:

The Focolare Movement in Great Britain has continued to engage this year in implementing aspects of the global strategy and directives for the Movement across the world for the next six years, which emerged from the General Assembly of the Focolare Movement in February 2021.

1. To continue supporting Focolare consecrated members in Great Britain as well as our Focolare International Centres in Brussels and Rome.

Consecrated members in Great Britain have met periodically to share life experience, to discuss ways of supporting both community members and how best to support the activities of the Focolare movement nationally and locally. Planning for meeting the needs of ageing members and planning for succession are taking a higher profile in these meetings.

We have continued to send grants to the zonal headquarters in Brussels and to the headquarters in Rome for the support of the life of community members abroad.

2. To continue working for ecumenical and interreligious dialogue locally and abroad. Church Leaders Meeting - January 2025

The meeting for Church Leaders at the Centre for Unity, Welwyn Garden City, is now a regular annual event. The hybrid in-person/Zoom event on Thursday 23rd January, with 25 participants (10 on zoom), who are church leaders from many churches. The theme from our guest speaker this year, Dr. Joan Back , was “The development in the ecumenical experience of Chiara and the Focolare movement and our “dialogue of life”.

Called to Hope event March 2025

The ecumenical event ‘Called to Hope’ in Welwyn Garden City 27-30th March was well received and considered successful. It brought together people from different churches and backgrounds, focusing on themes of hope, reconciliation, and environmental issues. Speakers were drawn from both within and outside the movement, contributing valuable insights. The event was seen as an important step in fostering unity among churches and addressing broader societal issues.

Ecumenical Prayer for Unity

This short time of simple prayer and reflection is led by a different speaker each month and brings together people of different denominations from across the world. It takes place via Zoom every 2nd Monday of the month.

One Human Family

Some UK Focolare members participated in the “One Human Family” event at Castelgandolfo in Italy. This was an Interfaith Conference where there were 480 people present from 40 countries, speaking 12 languages. Among them were rabbis, imams, Catholic priests, Theravada and Mahayana Buddhist monks, as well as Jewish, Muslim, Christian, Hindu, Buddhist, Sikh, and Baha’i lay people, and believers of traditional African religions, of all generations. Meeting, listening, steps of reconciliation, sharing the pain of peoples were the characteristic of this conference. This alternated between panel discussions led by experts and dialogue groups among the participants. Politics and international diplomatic action, economics, artificial intelligence and the environment were the topics discussed, all in the perspective of peace. The meeting was characterized by great openness and peace and the sensation of being part of one human family.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2025

Interfaith Peace Vigil – Birmingham (14 November 2024)

As part of Interfaith Week 2024, a peace vigil was held on 14th November at St Anne’s Church in Birmingham, described by participants as “a whisper for peace”, “an encounter of reconciliation”, and “a wave of hope”. Organised by the Focolare Movement and the Columban Missionaries, together with representatives from the Jewish, Muslim, Baha’i, Buddhist and Hindu communities, the event brought together around 100 people to reflect and pray for peace amidst ongoing global conflict and violence.

Meetings with Shia

A study group of Shia/Focolare continued to meet in Welwyn Garden City and in Wembley to exchange experiences of spirituality and scriptures.

3. To work with members to find sustainable solutions to the governance of the Focolare movement and its activities.

Core Group

Following the publication of principles for the Core Group, these were used to delineate a new composition for the core group itself which reflects the different areas of engagement by members of the Focolare and representatives for the “Colours”. Meetings are monthly on zoom, with 3 in-person meetings per year. It was also agreed that Trustees of Mariapolis Ltd (and Focolare Trust) would also have the right to participate in Core Group meetings.

This year, many members of the Core Group attended an international conference in Madrid for Core Group members in the Western European zone. This was valuable as an opportunity to learn from the experience of governance of Core Groups in other areas. At subsequent Core Group meetings we discussed how to implement the lessons learned. A key emphasis continues to be placed on diffused leadership and widening participation, with efforts to involve a broader range of members in decisionmaking and responsibility across different areas of activity.

The annual Roots and Wings” Weekend in September 2024 and 2025 for members’ discernment and planning of activities brought together 70 participants. Participants also sought to agree on key priorities and activities for the coming year. From these initial reflections, participants formed self-selected working groups around key themes: Retreats, Formation and Accompaniment; Local Communities and Families; Ecumenism; Interfaith Dialogue and Learning; the Arts; Communication; and Governance/Core Group. Each group produced practical recommendations which were subsequently shared widely across the Movement. Concerns around sufficient provision for young people were noted, but it was also highlighted that the youth team would meet immediately after the Roots & Wings meeting to address some of the issues and plan the year ahead.

4. To invest in new creative ways to continue pursuing Focolare aims and activities. Genfest Brazil 2025

In July 2025, 8 young adults from the UK travelled to Brazil for the “Genfest”, a worldwide meeting of young adults. The programme included a week of social action in a school, a 3-day festival celebrating the efforts of young adults to build unity in their local environments and showcasing some of their initiatives and experiences of lives based on living the gospel. This was followed by a conference exploring the issues, skills needed and experiences in how unity can be build in the world today.

Youth Weekends Weekends have been held again this year for young people of different age groups:

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2025

Future Plans for Young People: Youth Training – December 2025 (Rome)

Preparations are being made to travel with a group of teenagers to the international conference for young people ,“Scuola Foco”, which will be held in Castelgandolfo, Italy.

Hand-in-Hand Project – Birmingham

Over the last year a group of students has been working in the Birmingham Focolare house to prepare food packs which they then take onto the streets for the homeless. The activity has grown over the year. The activity is followed by moments in prayer and an evening meal together. This has been a very powerful experience.

Vocations Day, 26 October 2024

A diverse group of young adults gathered to explore vocations within Focolare spirituality. Through personal stories and reflection, participants found “freedom and peace” (as one participant said). They left with a strong desire to continue these conversations.

5. To explore ways of more effective accompaniment of Focolare communities, young people, families and individual members GB Mariapolis 25-28 July 2024

After a six-year hiatus of a national Mariapolis gathering, planning for the Mariapolis this year started earlier, in December, with the invitation to all members to participate in a zoom meeting where ideas were shared on the successes and the areas for improvement for the annual Mariapolis. Teams were formed for each aspect of the event planning and these met regularly to prepare their activities. 350 participants gathered at Harper Adams University in Shropshire. The joy of reuniting in person was palpable, especially after years of virtual gatherings brought on by the pandemic. The central theme explored God’s call in everyday life, with inspiration drawn from talks by Focolare President Margaret Karram. Participants shared moving testimonies reflecting a rich diversity of vocations—from priesthood and marriage to acts of kindness and social service. The event welcomed people of all ages, from babies to the elderly, cultivating a vibrant multigenerational atmosphere. Migrants and refugees contributed new cultural perspectives. Throughout the event, an ecumenical spirit flourished as Christian denominations worshipped together in mutual respect. As the event concluded, participants described feeling spiritually renewed. Many called the Mariapolis “miraculous,” “accessible,” and a powerful testament to how love and unity can truly transform the world.

Formation and Accompaniment

The working group on Formation and Accompaniment met periodically throughout the year and produced a document entitled “Towards Guidelines for Spiritual Accompaniment” outlining their conclusions and recommendations for the modalities and style of accompaniment that we hope to adopt in the Focolare movement. This document will anticipates further discussion on the subject.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2025

Youth Assistants working together in new ways

Youth workers in the Focolare are very active in planning and innovating activities together with and on behalf of Young People. Regular meetings are held throughout the year, usually on zoom. An annual weekend in-person conference is held to review activities and plan for the future.

Local and Online Communities

Local communities meet to develop spiritually and to nurture a sense of family. They also provide models of community cohesion amongst different cultures and faiths, with an emphasis on welcome and inclusion.

They provide a support network for social action - in food banks, ‘warm spaces’ or other charities.

A series of community events in Bexleyheath, were organised, specifically for families with children aged 4 and up. Events were well-attended, fostering friendship and an appreciation of diverse cultural experiences,with programs thoughtfully organised for both children and parents.

Long walks in the London area organised and facilitated by one member bring together people of different faiths, for a shared experience of physical exercise and friendship.

The community hosted several gatherings including a "Faith Exploring" evening with Fr Vincent Lockhart (November 2024), and “Called to Hope”, an Advent reflection open to all (December 2024). In January 2025, a meeting with Sheikh Pakdin, deepened interfaith dialogue. February saw a vibrant meeting for children and families in Glasgow.

The community met monthly via Zoom, often from Pontypridd, to reflect on Gospel spirituality and celebrated Christmas together, and other family celebrations, as a community.

Based mainly in Yorkshire and Newcastle, the local community meets bi-monthly for moments of reflection, shared meals and mutual support. Many meetings are organized in such a way as to be “dementia friendly”. Older members of the community in Newcastle, some of whom have major health issues, keep in touch via Zoom meetings.

Collaboration between civil authorities and a local churches network lead to a revival of the town’s historic Walking Day which saw enthusiastic participation of the townsfolk along the streets and at the celebration in the town’s park, strengthening community cohesion. A ‘Peace Pole’ was erected in a popular corner of the park with a dedication inscribed in seven languages for passers-by to reflect and groups to gather, witnessing to humanity’s drive for a peaceful and prosperous existence for all. (May and June 2024, Chorley, Lancashire)

· Midlands

Young people continued their monthly outreach to homeless people in Birmingham through the “Hand in Hand” project. The community also participated in an interfaith event at the University of Birmingham, promoting dialogue and collaboration.

· Oxford

In Banbury, the community organised fundraising activities involving local residents to support a summer camp for young people from disadvantaged backgrounds (Spring 2025).

· Welwyn Garden City

‘Friends of Welwyn Care Homes’ continued regular visits to local homes, offering companionship and reflection services valued by residents and staff alike. The annual “Carols in the Cloisters” event (December 2024) welcomed over 80 people with international food, a Polish choir, and performances by children, celebrating Christmas with warmth and diversity.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

· Word of Life Groups

Word of Life groups continue to meet in various locations across the county for reading and sharing about scripture.

6. To support people in hardship both in GB and abroad and to continue supporting AMU projects and projects for international solidarity with the Focolare world- wide, as well as supporting people in need in GB.

As in previous years, we continue to award grants according to needs that are presented to us by members. This year grants were awarded to some families in need; to Pakistani students studying courses in the UK and to social projects in Africa. Financial support is also given to people who wish to participate in Mariapolis and lack the means to do so.

Community Houses

1 new community member arrived in November 2024 to study the English language for a period of 6 months.

9 members covenanted all their income to the charity, and the other 3 members contributed voluntarily according to their personal circumstances.

Expenses for the community houses include a total of £26,694 on repairs and building work, of which £22,923 was used for new roof work on the property in Wallingford; £5,227 for new furniture and appliances and refurbishment; £446 for electrical work and £186 on maintenance of Heating Systems.

At regular intervals contributions are being sent to Rome for redistribution to poorer countries through the international Focolare Movement (PAMOM). A yearly contribution is made to the Focolare regional centre in Brussels of £5,000. Contributions continued to be received for AMU for ‘Fraternity with Africa’.

New City Magazine and Books

New City magazine and the websites www.focolare.org.uk and www.newcity.co.uk continue to be improved and updated.

In the period March 2024 to February 2025, the following new titles were printed:

We also received the new series of the Works of St. Augustine from the US.

And the following titles were printed:

In total about 18 titles are in preparation by New City to be printed over the coming years.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2025

Financial review

A summary of the year's results can be found on pages 15 - 16 of the attached accounts. For the year to 28 February 2025, the incoming resources of the charity amounted to £331,947 (2024 - £380,053), including £243,235 (2024 - £335,467) from voluntary income and £35,648 (2024 - £36,585) from incoming resources from charitable activities.

Total expenditure in the year was £365,176 (2024 - £620,480) including £32,431 (2024 - £261,318) for grants payments; £48,949 (2024 - £7,963) for provision of conferences; £65,103 (2024 - £106,438) for the publication of books and magazines; and £218,693 (2024 - £244,761) for support of members of the Movement.

After making appropriate enquiries, the members of the council have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy and financial position

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level of at least six month’s expenditure. The Members of trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The company's reserves increased from £3,676,131 to £3,717,248. The net book value of fixed assets decreased from £2,406,113 to £2,369,731. The policy is to hold all assets in the form of residential property for direct use. Such assets are of fundamental importance to the charity; without the assets the charity would be unable to fulfil its charitable aims and objectives. The value of such assets, therefore, would not be easily realizable, if needed to meet future contingencies. To emphasize this point the net book value of these assets amounted to £2,029,269 has been set aside, by the directors, in a tangible fixed assets fund.

To provide financial elasticity and support these operations, the charity also maintains a portfolio of listed investments in shares, valued at £1,122,833 at 28 February 2025. These investments are held to generate an ongoing income stream to assist with property maintenance and to provide liquid funds to meet future financial contingencies, ensuring the charity's long-term sustainability.

Free reserves available to support the work of the members in the future are those shown on the balance sheet as unrestricted income funds and, at 28 February 2025, equate to £1,516,549. The directors are of the opinion that this level of free reserves is in line with the above policy.

In the opinion of the Members of Council, the current open market value of the charity's interests in land and buildings exceeds the net book value of £2,337,562 shown in Note 15, the current market value is in excess of £3.6m.

Investments

The market value of the investment portfolio has increased from £1,048,487 to £1,122,833.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (CONTINUED)(INCLUDING TRUSTEES' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2025

Future plans

Following discussions with the Core Group and people responsible for the Focolare houses, the Trustees confirmed the following specific objectives for the coming year in keeping with our general aims:

Acknowledgements

The work of employees and members of the Charity

The Trustees wish to record their gratitude to all their staff, volunteers, members and supporters of the Focolare Movement. Their total dedication, generosity and creativity has been invaluable. Thanks to them new ways are unfolding, of working and of spreading the message of unity – new paths which we look forward to walking together.

Auditor

A resolution proposing that UY Accountants Ltd be reappointed as auditors of the company will be put to the members.

In preparing this report, the members of the council have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Disclosure of information to auditor

Each of the Members of trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The directors' report was approved by the Board of Members of trustees.

Rumold Van Geffen Secretary Dated: 4 June 2026

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF DIRECTORS' RESPONSIBILITIES

FOR THE YEAR ENDED 28 FEBRUARY 2025

The Members of trustees, who are also the directors of Mariapolis Limited for the purpose of company law, are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Members of 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, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Members of trustees are required to:

The Members of trustees are responsible for keeping adequate 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 Companies Act 2006. 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 confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the charitable company’s auditors are unaware. They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF MARIAPOLIS LIMITED

Opinion

We have audited the financial statements of Mariapolis Limited (the charitable company’) for the year ended 28 February 2025 which comprise statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF MARIAPOLIS LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion :

Responsibilities of Members of trustees

As explained more fully in the trustees’ responsibilities statement the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MARIAPOLIS LIMITED

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and posting inappropriate journal entries to manipulate the fair value of the charitable company's assets.

Our tests included agreeing the financial statement disclosures to underlying supporting documentation where relevant, review of trustees meeting minutes, enquiries with management as to the risks of noncompliance and any instances thereof, challenging assumptions and judgments made by management, and identifying and testing journal entries, in particular any journal entries posted with unusual account combinations. Our audit procedures also focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less like we are to become aware of it.

A further description of our responsibilities is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Usman Naseer FCA (Senior Statutory Auditor) for and on behalf of UY Accountants Ltd

Chartered Accountants and Statutory Auditors

UY Accountants Ltd 78 York Street London W1H 1DP

Dated: 4 June 2026

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2025

Unrestricte
d
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and
legacies
4
234,190
9,045
Conference
3
51,180
-
Other trading
activities
5
35,648
-
Investments
6
1,884
-
Total income
322,902
9,045
Expenditure on:
Charitable activities
Donations and grants
payable
7
20,891
11,540
Provision of retreats
and conferences
7
48,949
-
Support of members of
the Movement
7
218,693
-
New City and
Publications
7
65,103
-
Total charitable
expenditure
353,636
11,540
Total expenditure
353,636
11,540
Net gains/(losses) on
investments
13
(6,748)
-
Net expenditure
(37,482)
(2,495)
Transfers between
funds
(4,714)
4,714
Other recognised
gains and losses:
Revaluation of
tangible fixed assets
14
81,094
-
Net movement in
funds
38,898
2,219
Reconciliation of funds:		 Total
Unrestricte
d
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
243,235
334,466
1,001
335,467
51,180
7,002
-
7,002
35,648
36,585
-
36,585
1,884
999
-
999
331,947
379,052
1,001
380,053
32,431
254,322
6,996
261,318
48,949
7,963
-
7,963
218,693
244,761
-
244,761
65,103
106,438
-
106,438
365,176
613,484
6,996
620,480
365,176
613,484
6,996
620,480
(6,748)
-
-
-
(39,977)
(234,432)
(5,995)
(240,427)
-
(75)
75
-
81,094
44,964
-
44,964
41,117
(189,543)
(5,920)
(195,463)

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2025

Unrestricte
d
Restricted
funds
funds
2025
2025
Notes
£
£
Fund balances at 1 March
2024
3,663,913
12,218
Fund balances at 28
February 2025
3,702,811
14,437		 Total
Unrestricte
d
Restricted
funds
funds
2025
2024
2024
£
£
£
3,676,131
3,853,456
18,138
3,717,248
3,663,913
12,218		 Total
2024
£
3,871,594
3,676,131

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 28 FEBRUARY 2025

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
21
Unrestricted funds
Designated funds
20
General unrestricted funds
Revaluation reserve		 2025
£
£
2,369,731
1,122,833
3,492,564
41,152
7,692
189,700
238,544
(13,860)
224,684
3,717,248
14,437
2,029,269
1,516,549
156,993
3,702,811
3,717,248		 2024
£
£
2,406,113
1,048,487
3,454,600
41,206
9,252
189,595
240,053
(18,522)
221,531
3,676,131
12,218
2,051,760
1,521,733
90,420
3,663,913
3,676,131		 2024
£
£
2,406,113
1,048,487
3,454,600
41,206
9,252
189,595
240,053
(18,522)
221,531
3,676,131
12,218
2,051,760
1,521,733
90,420
3,663,913
3,676,131
3,454,600
221,531
3,676,131
12,218
3,663,913
3,676,131

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Members Of Trustees on 4 June 2026

Mark John D'Arcy

Trustee

Company Registration No. 00930265

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
24
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
-
-
1,884		 2024
£
£
£
(1,780)
48,716
(449,750)
(2,346)
999
1,884
(451,097)
-
-
104
(402,381)
189,595
591,976
189,700
189,595

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

1 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Members of trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Estimated impairment of property and plant and equipment: The company tests annually whether the such assets have suffered any impairment, in accordance with the accounting policy stated in note 1.

2 Accounting policies

Charity information

Mariapolis Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 1, Polaris Centre, 41 Brownfields, Welwyn Garden City, Herts, AL7 1AN.

2.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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). The charity is a Public Benefit Entity as defined by FRS 102.

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 fixed asset investments at fair value. The principal accounting policies adopted are set out below.

2.2 Going concern

At the time of approving the financial statements, the Members of trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. The charity maintains a healthy level of free reserves and has secured sufficient funding to meet its liabilities as they fall due. Thus, the Members of trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Members of 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.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2 Accounting policies

(Continued)

2.4 Incoming resources

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

2.5 Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources.

2.6 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 1% on cost
Improvements to freehold properties 10% on cost
Plant and equipment 25% on reducing balance
Motor vehicles 25% on 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.

Capital items under £250 are not capitalised in the accounts.

2.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price, 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.

2.8 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).

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

2 Accounting policies

(Continued)

2.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

2.10 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.

2.11 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.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

2 Accounting policies

(Continued)

2.12 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Conference income 51,180 7,002

4 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Donations and gifts
19,840
9,045
Covenants received
214,350
-
234,190
9,045		 Total
Unrestricted
Restricted
funds
funds
general
2025
2024
2024
£
£
£
28,885
25,406
1,001
214,350
309,060
-
243,235
334,466
1,001		 Total
2024
£
26,407
309,060
335,467

5 New City and Publications

Unrestricted Unrestricted
funds funds
general general
2025 2024
£ £
New City and Publications 25,750 25,818
Subscriptions received 9,898 10,046
Royalties received - 721
New City and Publications 35,648 36,585

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

6 Investments

Unrestricted Unrestricted
funds funds
general general
2025 2024
£ £
Income from listed investments 1,884 999
Charitable activities
Donations and Provision of
Support of		 New City and Total Total
grants payable retreats and
members of		 Publications 2025 2024
conferences the Movement
£ £ £ £ £ £
Staff costs - - - 4,333 4,333 26,000
Depreciation and
impairment - - - 36,381 36,381 40,180
Activities undertaken
directly - 48,949 209,422 11,383 269,754 262,657
Support costs - - 9,271 13,006 22,277 30,325
- 48,949 218,693 65,103 332,745 359,162
Grant funding of
activities (see note 8) 32,431 - - - 32,431 261,318
32,431 48,949 218,693 65,103 365,176 620,480
Analysis by fund
Unrestricted funds -
general 20,891 48,949 218,693 65,103 353,636 613,484
Restricted funds 11,540 - - - 11,540 6,996
32,431 48,949 218,693 65,103 365,176 620,480
For the year ended 29 February 2024
Unrestricted funds -
general 254,322 7,963 244,761 106,438 613,484
Restricted funds 6,996 - - - 6,996
261,318 7,963 244,761 106,438 620,480

7 Charitable activities

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

8 Grants payable

Grants to institutions:
Pia Associazione Maschile Opera di Maria (PAMOM)
Foyer de L'Unite
Ukraine Funds
Members in need in Developing Countries (AMU)
Focolare Turst
Focolare - Spain (refunded)
Other
Grants to individuals		 2025
£
50,000
5,000
-
-
-
(38,598)
-
16,402
16,029
32,431		 2024
£
25,000
5,000
1,001
774
500
220,628
1,775
254,678
6,640
261,318

9 Members Of Trustees

None of the Members of trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

The Members of the Council receive benefits attributable to the other members of the community.

10 Auditor's remuneration

The analysis of auditor's remuneration is as follows:

The analysis of auditor's remuneration is as follows:
2025 2024
£ £
Fees for the charity's annual audit 4,500 4,649

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

11 Employees

Number of employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Administration 1 1
Employment costs 2025 2024
£ £
Wages and salaries 4,333 26,000

There were no employees whose annual remuneration was £60,000 or more (2024 - none).

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Net gains/(losses) on investments

Unrestricted Total
funds
general
2025 2024
£ £
Gain/(loss) on sale of investments (6,748) -
Revaluation of fixed assets
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gains/(losses) on revaluation of investments
Revaluation of investments 81,094 44,964

14 Revaluation of fixed assets

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

15
Tangible fixed assets
Cost
At 1 March 2024
At 28 February 2025
Depreciation and impairment
At 1 March 2024
Depreciation charged in the year
At 28 February 2025
Carrying amount
At 28 February 2025
At 29 February 2024		 Land and
buildings
Improvements
to freehold
properties
£
£
2,599,417
78,684
2,599,417
78,684
235,861
57,501
25,994
5,044
261,855
62,545
2,337,562
16,139
2,363,556
21,183		 Plant and
equipment
£
49,642
49,642
38,313
2,832
41,145
8,497
11,329		 Motor
vehicles
£
40,027
40,027
29,983
2,511
32,494
7,533
10,045		 Total
£
2,767,770
2,767,770
361,658
36,381
398,039
2,369,731
2,406,113

The carrying value of land included in land and buildings comprises:

Freehold
Long leasehold		 2025
£
1,649,297
688,264
2,337,561		 2024
£
1,667,336
696,220
2,363,556

Freehold land and buildings are stated at cost. The directors are of the opinion that the market value of the land and buildings is in excess of £3.6 million (Carrying value: £2,599,417). This estimate is based on an internal assessment by the directors; to conserve charitable funds, a formal professional valuation has not been undertaken.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

16 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 March 2024 1,048,487
Valuation changes 81,094
Disposals (6,748)
At 28 February 2025 1,122,833
Carrying amount
At 28 February 2025 1,122,833
At 29 February 2024 1,048,487

Fixed asset investments revalued

Listed investments were revalued at market value at year end date. The historical cost of the listed investments as at 28 February 2025 was £965,840 (2024 - £972,199).

17 Stocks

Finished goods and goods for resale
18
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
41,152
2025
£
2,199
935
4,558
7,692		 2024
£
41,206
2024
£
3,881
1,740
3,631
9,252

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

19 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
1,257
4,417
8,186
13,860		 2024
£
2,033
6,590
9,899
18,522

20 Unrestricted 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 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.

At 1 March
2024
£
Tangible Fixed
Assets Fund
2,051,760
General funds
1,612,153
3,663,913
Previous year:
At 1 March
2023
£
Tangible Fixed
Assets Fund
2,244,501
General funds
1,608,955
3,853,456		 Incoming
resources
Resources
expended
£
£
-
(22,491)
322,902
(331,145)
322,902
(353,636)
Incoming
resources
Resources
expended
£
£
-
(22,491)
379,052
(590,993)
379,052
(613,484)		 Transfers
Gains and
losses
£
£
-
-
(4,714)
74,346
(4,714)
74,346
Transfers
Gains and
losses
£
£
(170,250)
-
170,175
44,964
(75)
44,964		 At 28
February
2025
£
2,029,269
1,673,542
3,702,811
At 29
February
2024
£
2,051,760
1,612,153
3,663,913

Tangible Fixed Assets Fund represents funds specifically relating to fixed assets directly used by the charity.

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 March 2023 resources expended 1 March 2024 resources expended 28 February
2025
£ £ £ £ £ £ £ £ £
Families in Need 4,950 - (5,221) 271 - 9,045 (11,540) 4,714 2,219
Religious Fund 12,142 - - - 12,142 - - - 12,142
AMU 850 - (774) - 76 - - - 76
Covid Corona Fund 196 - - (196) - - - - -
Ukraine Relief Fund - 1,001 (1,001) - - - - - -
18,138 1,001 (6,996) 75 12,218 9,045 (11,540) 4,714 14,437

MARIAPOLIS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2025

22 Analysis of net assets between funds

Unrestricted
funds
£
Fund balances at 28 February 2025 are
represented by:
Tangible assets
2,369,731
Investments
1,122,833
Current assets/(liabilities)
210,247
3,702,811		 Restricted
funds
£
-
-
14,437
14,437		 Total
2025
£
2,369,731
1,122,833
224,684
3,717,248		 Total
2024
£
2,406,113
1,048,487
221,531
3,676,131

23 Related party transactions

Mariapolis Limited is the name of the charity under which the world-wide Focolare Movement operates in Great Britain together with Focolare Trust.

Activities world-wide are coordinated by its global centre in Rome, Italy, under the names of the NGOs PAMOM and PAFOM. The Focolare's regional centre in Western Europe is based in Brussels and operates as an NGO under the name of Foyer de l'unite. Regular contributions are sent to these NGO's to sustain their activities. During the year contributions in the form of grants were given as follows:

PAMOM - £55,000 (2024 - £30,000)

During 2024, grants of £220,628 was made to Focolare community in Spain, however, £38,598 was returned during 2025.

24 Cash (absorbed by)/generated from operations

Cash (absorbed by)/generated from operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in stocks
Decrease in debtors
(Decrease)/increase in creditors
Cash (absorbed by)/generated from operations		 2025
£
(39,977)
(1,884)
6,748
36,381
54
1,560
(4,662)
(1,780)		 2024
£
(240,427)
(999)
-
40,180
2,241
244,499
3,222
48,716

25 Analysis of changes in net funds

The charity had no material debt during the year.

Audit Trail

Document Details

Title
Mariapolis Limited - 2025 Accounts		 Title
Mariapolis Limited - 2025 Accounts
File Name
Mariapolis Ltd - Accounts for the year ended 28 February 2025.pdf
Document ID
506d9b7a3e5346bfa2fdc4260b3e1f83
Fingerprint
42584ef207c51832a198797132d3ae0d
Status
Completed
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