rtftUtr￿n M¥Mbtr274461 IE#%l*tyd attd W*iÈt) THE ENGLISH REGION OF THE SECULAR INSTITUTE OF ST BONIFACE AiYfwAL REPORT AND UNAUDrrED FINANCIAL STAfEMLN'l'2i FOR THE YEAR ENDED 31 DECEMBER 2024 THE ENGLISH REGION OFTHE SECULAR INsT[r￿[E OF ST BONIFACE LEGALATrID ADNItNISTRATtVE INFORMAllON Truste# MrssA&Jheid v(¥n(ty Mrs Patrici*TobiTh ChArfty xllmbtr 274461 Lioba Ho 44 Ex¢w Rowl L•ndon Ind•p•Dd•Dt•umiD•r Phtlip H¥dETh FCA 1.7 Statbjn R￿d RHIO ITr THE ENGLISH REGIOIY OF THE SECULIR INSTITUTE OF ST BOIYIFACE CONTENTS BaiwKe$he 6-12 THE ENGLISH REGION OF THE SECULAR INSTITUTE OF ST BONIFACE TRUSTEES, REPORT FOR THE YE4R ENDED 31 DECEMBER 2024 The ttriJy¢ees Ertst￿1their •nnual rycKtaThdfiDanciat st2temcnts for theycar etHle4131 Dtternbtr 2024. The financi￿ sthitm¢nts bav¢ w¢pared ￿ •cry)rdantt with the tx)IKcies set out itl tLOte I to thc fit18rt¢i81 stat¢m¢nts and comply with tharity's ¢W the Charitia% Aa 2011 and 'AcLyJuntin8 and Rqx)rting by Clwiti¢S: Sratemeni of Rttomm¢nded Pracpcc applicable to ckniiits r￿epar]￿￿ their acww)ts iti aecwdance with the Financial Reponing Stsndard applicable in thc UK and Rcwbli¢ olIrtiaThl (FRS 1021" lefftixrve l January 20191. Obj¢r¢iv¢s 4Dd activilles Thc Secular Insi¢tui¢ SL Bonifa¢¢ 501¢ly puts￿ thi¢#bl¢ *Ld eL*les1￿1¢ll 8iths. It prom0tr5 charitabl4 50ciBJ and reli￿Ou5 works in p&rti¢ular and ￿￿1¢U￿r ¢ducatio￿ prof&uiotL31 youth ￿ athjlt ethjcation It collaborates worldwide within thc Roman Catholi¢ MissioD givin8 atd to the developinz coutthes. The S¢cuJgr rnaints￿ on¢ r•ttal ptoptsty for F¢￿ tht W￿1¢ ycor ail r%￿dID]re and all r¢nral inwm¢ is payable 0￿d rx¢ivabl¢ by th¢ S¢tylar ljwitslle SL Botiifxe. Th¢ trustees have pwd due 8uidanc¢ by thc (knty Commission in &ithn¥ what actlvltles the charity should undertake. AchkvtM*#ts and ptrformittc¢ The En81ish R¢gion of the tsular ltistitirte of St Bothiface maifflatrts a hoxel for young female Stt￿¢nts of dtff¥¢nt nationaiiiiu for an dfford•bl¢ renL In addiiion to this we offer OPFOMities for spiriDJai 8¥idgn¢e dnd aCcomp￿lment. Thete are weekly mtttings in the ho5￿, thc ￿￿￿[Cd-Teflc{11tsll wps". with members of the Soint Mjry Magd￿en Parish from W2llesd¢n Grctn in London. Memb¢rJ o(th¢ Secular I￿ts￿le ty to help the youn8 wpl¢ w grow mor¢ fvlly in their understsndtn8 of Christipniry and th¢irresp)ttsibility iii ours)ciety. As ￿tIon￿l11t$ min8le togdkr in the hos¢¢l. the yoww pwpjc h•v¢ the chzn¢¢ to u¢hwe Idw ab)ut the￿ diff¢M¢ ¢ulwrd back8WUrtds ond to leam from ea¢h oth¢f. Sin¢¢ 2021r2022 stu&n¢s from Germw are IiviD8 in th¢ ho5￿. Are volufirM wKth ARSP (Action Reconciliolion Servic¢ for Pu¢¢}. Th¢y •r¢ sumrtiti8 old w)pl4 Jurvivors ofthe Shoafv ttKis¢ iTh nee4 llnd ptople with physi¢at and prycholo8i¢ai wlm¢nt5. A fo¢ys the project'oppression and rt31s￿n¢X. OpFwiti¥ for civil socitty iti Ewope in the p&%r and pr¢s¢nc¢" Th¢ ris¢ in 8ntistsLilism in the UK effects th¢J¢wish Comm￿lty in Lon(k)n as a whsl< The stthts e4V8e in did08￿ and ¢kbat¢ in th¢ ho$tel. On¢ membcr of thc secul￿ Institut¢ of S•int Bonifxe. Barb*Ta von Alm 15 UDployed a5 a Yovth WoAter by the German YMCA IrcwsTtt¢d Chwiry W 250118). to th¢ finarttial ￿tr￿li0￿ of the YMCA and the necessity for it to cut costs in order 10 reduce its monthly losw there w&% adette￿¢ in Balb￿ vonAIM's salary. StLe w&% advi$ed that ftsllowlng rlough, from ]* November 2020, th¢r¢ w¢r¢ no more fvlktime p)sitions. BarE4ra von Alr¢n h¥s to 4 shorter workin8 week and Ihettfore hours and pay were decreasd by 75V• w 25%. Bgth Von Alr¢n's ￿p10YMent cea8ed during the finArt¢iil perio4 with kr la%t pa>T)￿ bellJ8 January 2024. Further &nforrttA(iott atryJui the rtharitable xtiVifiCS ofthe sr￿7￿*r Itistif￿ of St Bonifx¢ ¢an b¢ found in the AnAuai Report of the Ins¢itu*: www. InsEitut-St-BotLifatiu&de Finxn¢i*J The net out8oin8 resourxs for the yew 31 De¢e¥nber 2024 iotsl £1085 (2023.. £4.2981. The ItLstitsrte held £50,568 12023: £44.9901 in IN)th b8Eik and C￿ bAlanK5 ￿ at 31 2024 rt in th¢ Opinio￿ this level is sufficient to enablc thetn to ¢ontinueto pursue th¢iT Gharitabk activiti￿ irt thc fimllt. It i4 the poliw of the cjjarity thgt urwestrided whÈdJ hav¢ Mt tr￿ for a spe¢ifi¢ use shou]d ￿ mainthin at a lev¢1 ¢ouvaient kn appttsximknety l yfar's expuxlitsllt ex¢[￿lIng Thc tnwtts consider th2t reserves * this lev¢1 will ¢n5ure that. in th¢ event of • signifiwi th)p in furKttD& th¢y will bc •ble to continue th¢ charity's Current aMivities whil¢ W￿ldE￿tIort is ways in whith o(kJiti¢)Td fithd8may The Icvel of teseTVtt8 ts line with thc )licy. THF ENGLISH REGION OF THE SECULAR INSTrrurE OF ST BONIFACE TRUSTEES, REPORT {cowfINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Struttor4 gover0￿ce Ind m*n*t¢m¢pt The chgrrity is contyolled by its govmiu¥ debj d*&1 20 SeNembEr 19TI ￿ constiDJt¢s and Miss Mwia LA)1 Mi5bAJrlliriJ évll Oy Mrs Patricia Tobin Miss Ker51in Bru￿8￿￿¢ RiilE rd*nAtemen¢ The trusrees have a thJEy w id¢ntTfy md rcvirw thr Tiths w **hk* th¢ ¢knlty li &¥P)￿ Ird to aptffowiate wn¢rolJ in place to Fyovide Yeuonoblc a8￿￿1 frwd thd emA. MISJ Marla Tru#ee .z.r.LoL&- THE ENGLISH REGION OF THE SECiIAR fNSTrrLYE OF ST BONIFACE IDEPENDENf EXAMINER'S REPORT TO THE TRLSTEES OFTHE ENGLISH REGION OF THE SECULAR INSTrrirrE OF ST BONIFACE I report to the mL#ees on my tx¥mlnarion of tt* finllncial of Tb¢ EttRlish Wiott tsf thc Se￿[&r ID#itu* of St Botufa¢¢ (th¢ ¢lur¢tyl forthe Year￿thd 31 December2024. RtSPOllgibilities basis otreport reqwr¢me4Jts ofthe CharilicsAa2Qll. I repjrt in tcsw of my ¢xthinaDLsn of Ihc rknty's finaDcial 5ww¢nts ¢￿i¢d out scffllon 145 of the Chuiii Act 2011. In canying out my exBmin￿1VTh I have followed th￿lOn$ givth by the Chority Commi$5ion wid¢t 8e¢tion 145151(bl oftheCharitiC5Act 2011. Itydepèidtnt tXamikn¢Os SUi¢m¢Dt I have completed my vxarnivtion. T ¢onfinn A) ￿￿¢1$ have ccqne To my ￿Tc￿￿on in co￿¢￿10n with the ¢¥4minAtion giving m¢ to belitv¢ th*t in ￿ m8t¢rial rtspe¢L accountini rxDrds were T￿1 kew in rewt oftht c￿lty rtyuired by sethtffi 130 tsf the ChaTiEiesAci 2011. the fJnknGiAI Maremtnts do nor *COTd with thos¢Tttord5.' or thc fin￿21￿ statema)ts ttoi tothpty with th¢ •ppJi¢Dblc Tequir¢mo4Ns ￿nC￿Ing th¢ fonn •nd ¢Offl￿T of rittancial *tatethenu S¢T out in the ClJariiies lAC￿llnts and ktrffiil Re8ulwon$ 2008 other than kny rt4uirerneni that Ehe financial 5tst¢M￿t5 VV¢ 4 tru¢ aTrJ fa￿ ¥i¢w. m.hith is noi • tonsidetEd as Pjrt of an ind¢pmden¢ tx￿1￿10 I httve nc* co¥*¢rns and h•v¢ ¢orn¢ ¥¢￿$5 no oth¥ mattu5 in ￿t￿*t￿Ort with the tXthhiMti¢n to wI￿th awtion should be drwn in this report iaoth 10 *)￿le a Fqoperu¥Jetsts)dTll8Of th¢ be re￿¢& Philip H¥yd¢N FCA Ri¢h¥d Plpc¢ Dobson Servi¢¢s Limited Gmund Floor 1- 7 Sttiion knid Crawley West Susscx R￿10 IHT DAtcd....ovosn¢ns..... THE ENGLISH REGION OFTHE SECULAR INSTrruTE OF ST BONIFACE STATEMETrrr OF FINANC[ALA￿TrIEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE IEAR ENDED 31 DECEMBER 2024 Totsl Uwvt4trirt¢d UpTe5trirted funds Total ds fu•ds enl desip•¢¢d 2024 1023 2023 2023 Donations and lewieJ viti Promote charitable. soraal and r¢li%ious wo 31n 3tr2 201 201 4&132 48.132 58.448 58,448 InveAknen¢s 26 26 2390 Totsl kntom• 4&440 eO,965 60,965 Exp¢idlfyYt on: Promote chariatsbl #o¢id •thdrdi8ous wwk 45.750 4.775 SOJ2S 60,488 4.775 65263 45.750 4.T15 SOJ25 fAJ.488 4.775 65263 Net incomel(txpt*dltsY•) and movem¢D¢ ID tIlDds (4.775) 085) 477 (4,775) 14,298) Fund bA]*￿eS ￿ l j￿￿￿ry 2024 43333 125N37 16&770 41856 130.212 173.068 Fulld *t31 Detmber 20Z4 46.023 120,662 16&685 43 J33 12S,437 168,770 Thg $t*cmertt of financigl a¢tivitycs in¢ludt8 ￿1 wd low reco8u1l￿ in the yw. All Inc¥)m¢ *rO 4¥pdlture derlve ftom conixnuing¥tivtti¢s. THE ENGLISH REGION OF THE SECULAR INSTITirrE OF ST BONIFACE BALANCE SHEET ASA T31 DECEMBER 2024 Fixed ￿$¢ts Tvngibl¢ w¢ts 120.791 125.662 Cunttht *sstts Ucbto Cash at b8nk l￿d in hand Iz 1.910 50,568 1624 Cytditors: f￿11￿¥ dw¢Tr4thln ytAr 13 (6.7301 {3.792) Net ¢urrent 45.894 43.108 To¢*1 umts les5 CUTve4t U•blll¢l 166.685 168.770 The of th¢ cb*rlty Unr¢stricied funth. 8¢nmi 15 14 46.023 120.662 43 J33 IU,437 166.685 168,770 -.]aS ILS oi Miss M8ri& Lfjhte THE ENGLISH REGION OF THE SECULAR fNSTrruTE OF ST BONIFACE NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 DECEJIBER 2024 AtttyJDtln8 polklt4 CILArity informxtio The En81ish Rtgion ofthe Ir￿D￿COf St BonifK% is •dw atyjtiw dwity numbtrij 274461. 1.1 ActouDtsnt tokvethtlo lh¢ tiD4n¢Jal stsi¢rnents hav¢ i*ea de￿ the awitfiesAc12011. FRS 102 Financial Rcponing Stsndllrd yliobl¢ in th¢ UK ￿ Rtythlic of fFRS 102-1 and the Charities SOR 'Accounting and Reportin8 by (Jwiiics.. of Pndice aAylicable th clwities FYeF4rin8 thcir accounts in accordance wÉth thc Financid RcwrDD8 Stythd •ppli¢4ble in the UK 8nd Republic ofIydartd (FRS 102). leffe¢tiwe l J8nuary 2019). The charity is allthli¢ B￿Cfl1 Emity udcfitd by FRS 102. Th¢ thlrity has tsken adv*￿ ofthe in the SORP fordwitiUTrXfO • St•*N¢ptof C¥h Ftw$. IfLrtar*¢ia] stattsn**s) hwe been wepllred w give •nd vi¢w hve departed from the Chariliu (A￿OU￿LI •nd R¢wrtsl R￿￿allonS 2008 onty to the ext￿[ rwuiT¢d ro provide • fttie view. This d¢partuK has iDvolved followin8 Act•u￿7￿$ artd Rwtiti8 by Charities Ffep4fin8 their I￿ow￿ in •cwrdance with the Financiryl Reporting S¢andard •ppli¢•bl¢ in the UK and Rtyublic of Ireland IFRS 1021 issued 16 July 2014 rnther th90 theActouniin8 and by awiiir*.. ofR£tty￿￿ P￿10¢ efft¢tiv¢ l Awil 2005 whi¢h hu sin beth wthdrawrL IJ Income Don$tsons and 8its &re yw in •x¢ It¢¢iv￿4 which li vAKn the dwity bxomcs ¢ntitl¢d th¢ ruow¢ Inwme from thYes¢ments W￿0th¢¥ i￿•M¢ ts IKlwtsl inthe SOFA irÉtheyeartnvhi(* it il Trfdwlb Ch8titable a¢tivity inc•me inGlud¢s sistys iticome is reuJgni*l in the to whi¢h it r¢t*s which 1$ when the ¢h*ity be&xThes entiiledto the r¢>xY¢ 1.4 ExpMdi¢ure with T•S￿nabl* certsinty. WO￿ in d¢v¢lopin8 wuntries via their mothtkn 1Th5titwc SL Botkifatius e.V. in Deunold and wsrs of activities for Charitable objethiv¢s whith o)sts ofnmin8 the iuMitiJtiorL Chsrikble a¢tivity has bgcn idctliifid by 1.5 T**glbi¢ fixed assets L4rtd andtwildi F￿rts. fiuiti8s & eqviwr4 1S%Str•ghi ]ine THE ENGLISH REGION OF THE SECULAR tNSTrrtrTE OF ST BONtFACE NOTES TO THE FINANCIAL STATEMENTS (CONllNUED) FOR THE YE4R EIVI)ED 31 DECEMBER 2024 A¢¢ountillg poli¢i1s 1.6 Cash amd oqRivalents C￿￿ at bank #t￿ t*sh in hand ¢•¥h •ttd slb)rf kn highty liquid ￿v¢S1￿￿￿ with a short m*urity of threB months or I￿5 from thc datr ofwui5iiionor opcningofthedwit orsimilv4*count 1.7 Fiuxnthl The tr￿t only has fJa&nciai li8bilitie4 ora knnd that qllaiify Is b¥i¢ fill￿¢1￿ ifLStrumellty B•si¢ fywJ¢i41 ins¢rurn¢nts comprije bank loa￿ wEu¢h are sUbseq￿ntIY at the *￿u¢ pjus aeaued int￿t l¢ss rcpNymMT& IJ T*iitlon eharÉtabJeactiviu 1.9 Fund a¢touotiui Unr¢striGt¢d funds *r¢ 4vaiW¢ fty th¢ w¢ # th¢ of th¢tsuMe¢s kn fillthe￿ of tr* of th¢ ¢h*Tity. 1.10 Dtbto 1.11 CMdtt• Cteditors are reco￿11￿ where the charity has a prtsuthobligation resultin8 from a past e￿1 that will probably result In the trI￿fer offuttds to a third p8rty *)d the &Thowit due to ￿ the obliwioti be measllr&J or estimat*J reliably. •ff¢¢t th¢ amounts repond for a55¢1S wjd li4bili¢i¢5 M &t the 5hcd dltr the knounts rewrted for rcvenu¥ d ¢xpuksu the year. HOW￿¢r. the tMtw¢ of estimation TDC•n5 that outry)m¢s wuld diff¢r from thos¢ estimates. Arcru* DepTtcl*tio s¢ts ai th¢ bHlanec*nEtt2024 70J53 11581 81.934 At 31 tkccmbEr2024 120.662 129 120.791 At 31 D¢¢¢mb¢r2023 125.437 125,662 12 1)ebto 1056 1,910 FWIO THE ENGLISH REGION OF THE SECULAR INSTfruTE OF ST BOTqIFACE NOTES TO THE FINANCIAL STATEMENTS (cowfiNUED) FOR THE FE4R EIVDED 31 DECEJIBER 2024 13 Crtdlt•rs: fxllltygdlltf*thl* ome ytsr 2024 2023 Aecruats 8nd def£￿ed income 730 3.792 14 UDyt4tric¢ed fllJd¥- desizDAted Thc funds of thr charity include thc followiDg fuThJs which have s¢t ￿de out of unrestrid￿ fimds by th¢ for sptcific p￿p0￿. At l J•nuary 2024 R¢¥our¢uAt 31 De¢tJnbtr expt*ded Z024 iAAd ayjd Buildin8 Fund 125.437 (4,7751 120,662 Pv¢Yioi¥ yur. At l J*n•ary 2023 Rtg•urte*At31 Detember 2013 L4nd & Buildin8 Fund 130212 (4,7751 125.437 The desiwed LAfid & building fimd reF¢eMts the fijnds ￿¢¢$5￿nIY s¢t ￿lde for the t1￿1￿,$ occupation of the 18thd and builditt85 15 Unn5￿cted fumds The unrestriL*ed funds of th¢ ¢h•rity ¢omprix th¢ b￿an￿$ ofdor•tiok4 8hd othtt iT￿me which gre rtotsubject to specific conditton5 by ¢&)￿13 •mdwors •¥ ￿ knith¢y be AI I j￿ll•ry 2024 Resou￿wAI 31 D¢¢¢mb¢r eyp¢•ded 2Q24 43 J33 48,440 (45,7501 46,023 Previou ytxr. Af l J*nu*ry R¢soyrresAt31 December tJpendtd 23 41856 60,965 (60,4881 43.333 ell THE ENGLISH REGION OF THE SECULAR INSTrrtrrE OF ST BONIFACE NOTES TO THE FINANCIAL STATEMEiYrs (coiYriNUED) FOR THE YE4R EJVDED 31 DECEMBER 2024 16 kn*ly7ii of not wets f•• Utsftstrict¢d fuods Total tral At 31 Dtctmber2024: Tan8iblc &%3¢ts Cuymt a￿￿￿111*bIlh1eI) 129 4S.894 120.662 120.791 45,194 46.023 120.662 166,685 fuA+ d**DAt¢d 2023 •ernl 2023 2023 At 31 Decemb•r2023: Tanwble gsxts Curr¢n¢ a55¢￿111•bilitsc1) 22J 43,lO8 125.437 125,662 43.108 43.333 125,437 168,ro 17 R¢lAted p*rty tr*lls*dlolls ￿￿12