CHARITY REGISTRATION NUMBER: 274695
SC042974
The Soclety of St Plus X
Financlal Statements
31 December 2024
BURGESS HODGSON LLP
Chartered accountsnts & statutory auditor
Camburgh House
27 New Dover Road
Canterbury
Kent
CT13DN

The Society of St Plus X
Financial Ststements
Year ended 31 December 2024
Page
Trusteès, annual report
Independent auditor's report to the member5
Statement of financial activities
statement of financial position
12
Statement of cash flows
13
Notes ta the financial statements
14
The following pages do not form part of the financial statements
Detailed statement of financial activities
26
Notes to the detailed stslement of financial activities
28

Page 1
The Society of St Plus X
Trustees. Annual Report
Year ended 31 December 2024
The trustees present thair report and the finanual statements of the charity f￿ the year onded
31 December 2024.
Reference and adminlstrative details
Rggistered charfty name
The Society of Sl Plus X
Charlty registratlon numbèr
274695
Princlpal offlca
St Georges HoLsse
125 Arthur Road
London
SW19 7DR
The trustees
Ir J Crosfield V8mor-Miles
The Revergnd Emeri¢ saudot
Thè Reverend Davide Pagliarani
Thg RevenEnd FDuGauld Le
RDUX
rvlr J Rogers¢n
The Reverend Fran¢ois Laisney (Resigned 27 December 20241
The Reverend D O Sherry
(Appointed 1 January 20241
The Reverend Robèrt 8rucciani
Mr W E Vemor-miies
IRe$ign$d 27 December 20241
Audltor
Burgess Hodgson LLP
Chartered aceouniants & statutory aurlilor
Camburgh House
27 New Dover Road
Canterbury
Kant
CT1 30N
Bankers
Lloyds Bank plc
5 Bridge Street
Newbury
Berkshire
RG14 58a
Stslleltors
Hunters
g New Squar8
Lincoln's Inn
London
WC2A 3QN

Page 2
The Society of St Plus X
Trustees. Annual Report Icontinved}
Year ended 31 December 2024
Structuie* governance and management
The Society was founded by trust deed in 1977 and is governed by the Statutes of the Society ol St.
Plus X dated 1976. The Trustees of the Charity were granted a certificate of incorporgtion by the
Charity Commissioners on the 31st October 1997, under the name Thp Trustèes of the Society ol St.
Plus X. The Charity was assigned all assets and income arising from the St. Plus the Fifth A550ciation
Icharity number 2668571 and the Friends of the Society of St. Plus X lcharty nurnber 2668561.
New trustees are appointed by the BoarrI ol Trustees through selects'on as vacancies arise. The
trLJslees normal face to face meebng have been prevented by Covid but will now resume. Subgroups
of the trustees meet by video conference to con8ider the management and operation ol the Charity's
objectives and funds. The trustees monitor thè Charity's internal controls and potentizl areas ol risk to
its assets and res8rves. Where potentl81 nsks are identified appropriate safeguard5 are introdu￿d.
Objectives and activities
The Charity was formed by Archbishop Nlarcel Lelebvre In 1977 to promote the traditional teachings of
the Roman Catholic Church primarily in the United Kingdom.
The f.hzrity opèrstes in 26 chapels. a school. 5 Priories and 4 other residences in Great Britain and
Northern Ireland. 15 priests znd 3 religious brothers devote their lives to the work foi the Charity
without rernuneration. The Chaiity supports suuls training for the priestly and relig10us lrfe. It also
supports elderly feligious with accommodation and pastoral care. The Charity conducts religious
ceremonies according to the tradition31 rites of the Catholic Church. 11 ministers to its regular faithful
and to the general public by administering sacraments, visittng the hoLJse-bound and the sick, teaching
catechism, running retreats and camps. and publishing educational material. The ChaTrty operates a
small school for the acadetnic years 1-10 and employs 27 full time and part time staff of which 10 are
teachers.
From January 2025, 311 education. boarding, and vocational training provided for a charge by a pnvate
school In the UK becatne subject to VAT at the standard Fatg of 20¥,. In 2024. It was decided to phase
in the incrèase lo par£nts over three years with a 5,10 charge passed on in 2025 and the charity
financing the 15°/. difference. The school will henceforth be able to claim bsck VAT paid by it. I
August 2024. the Scandinaviar) apostolate. for which responsibility used to fall on the UK charity, was
transferred to the Society of St Plus X District ol Poland. The Charity'5 assets in sca￿(11ndvia will
remain the property ol the UK charity either until a legal entity has been established in Sweden or they
can be transferred to a legal entrty of the District ol PDland. It 15 planned that the charity will b
reimbursed for the original Lost or value ol the assets in Scandinavi2 by the acquiring entity. The
growrth ol our congregation in the Midlands justified Ihe purchase of a two bedroom f at In Leicester to
allow a Priest to stay in Ihe area overnight to serve the Congre9alion and to make more sick calls in
the area. The purchase conipleted in M£rch 2025 for £175,000.
We refer to the Charity Cofflmission's general guidallce on public benefit when reviewing ciur aims and
objective5 3nd in planning our future aclivrtie5.
The Charity rneasures succe55 by the number of souls it supports in training for the priesthood and
religious life. by the number of eldèrly priests or ieligious it supports, by the number ol pupi15 in its
schoal. by the availability of religious ceremonies and pastoral support, ancj by the readership of
printed and onlinE content.

Page 3
The Society of St Plus X
Trustees. AT]nual Report lÈontin¥edl
Yoar ended 31 December 2024
Achievements and performance
The charity supported the training of seminarians In Virginia, USA and in Flavigny, France. It also
provides accommodation for one retired priest and two retired religious sisters at its house in 8ristol.
The charity conducts weekly or daily religious ceremonies in its chapels. It provides regular p3Storal
care for approximately 100 house-bound and hospital-bound souls. In 2024 it conducted 9 retreat5, 2
summer carnps. 4 pil9rimages. 2 youth group5 and 4 weekly online courses
all subsidi5eLI to
encourage a participation.
The charity's school. St. Michael's School near Newbury, continues to offer a subsidised Catholic
education for the children from 4-16 year5 who, in many case5, would not be able to afford the cost of
a private èducation. The School has Implemented a cornpliant Child Safegu8rding system and Risk
Management system. In 2024 the School had 60 pupils of whom the majoDty were day pupils. There
were 18 boy borders at the end of 2024. This was a slight decrease from 2023.
The construction of a 240 seat church at St. Michael's School was completed in 2023. Mass IS said
each day in this church attended by the school children 2nd as many as 30 local peDple. On Sundays
and Holy Days typically 20Q people will attend Mass. A Inendly. local comtnunity hab flourlshed around
the school. Since 2020. the schoDI chapel and the new church h8s registered 60 baptisms, 13
fflarriages and 2 funerals.
The charty has strengthened and developed its IT Strategy to make ils operations more efficient,
transparent and secure. This has included develDpment and simplification of the accounting system
Ixerol particularly with the regard to the new VAT requirement. Trials are underway tts replace the
current bespoke database wilh a robust alternative designed specifically for charit".es. UpJate to tsur
UK websites were conducted securely and smoothly and have improved the ¢h3rrty's visibility and
communication.

Page 4
The Society of St Plus X
Trustees. Annual Report (cyntinued}
Year ended 31 December 2024
Financial review
The activlties ol the year generated a decrease in fund5 01 £57.196 12023 an increase in funds of
£1,999.1701. The movetnent In funds is after incorne of £1,264,04012023. £3.729,2471 from donations
and legacies. £37,8T8 12023.. £30,100) from charitable activities. £429,514 12023-. £428,128) from
other Irading activities and £154,48712023.' £148,700) from inv&strnent income
The core èctivities Df the charity have remained largely unchaThJed to trat of the previous year.
The gross reseroes at the year end were £19.946,622 12023.. £20.003,8181. The majority of these
Comp￿Sed functional properties held for the work of the Charity. The Trustees also held cash ol
£2.349,01512023.. £2.285,4301 and the following Invest￿entS..
Listed Investments £2,847,14812023." £2,666,767)
Cash or cash equivalents £218.301 12023." £274.2541
Financlal reserves policy
The trustees of the cPtanty are of the opinion that sufficient reserves should be maintained to support
all functional assets used by th8 charity, to support appioKimalely two year5, expenditure required to
operate the school lor the continuity of the pupils, education and to retain adeqLJate funds to mainlain
the properties. In the current year, the charity operated al a deficit but that was more than covered by
the surplus In the previous year. The trustees regularly review the level of reseNes and are ol the
opinion that the current levels are satisfactory to meet Its needs effectively although are mindful of
upcoming expenditure and the need to m31ntain sufficient to meet the re52rves policy.
Risks
The Trustees have examined tme major strategic, business 8nd operational risks Involved in the
Charity'5 activitie5 and are satisfied that appropriate re￿rtS and infomab.on have been produced to
allow them to run the Charity's operations satisfactorily. The trustees consider it Is appropriate to make
written record ol the risks that the￿ lace and the aotion they take in response to these risks. They
consider risks fall within tsvo categories., normal and exceptional.
Norrnal nsks considered are as follows:_
1. LIQUID ASSETS- The Trustees own liquid assets and are responsible lor their security. Apart from
cash required lor the day-to-tjay management of the Society cash Is held by one or fnore major banks
in accounts held In the names of the Trustees who have put In place arrangements for acces5 to the
accounts to bp closely controlled. The trustees also review the safety of their banks from time lo time.
2. FINANCIAL ASSETS - The Trustees own Inveslmenls and Bond5. These are in the custody of
financial Inst1tulions Ghosen by Ihe trustee5 who review the stability and safety of the Institutions
concerned The trustees receive advice trom qualified financial advisers on the quality ol th&
inve5trnents they hold.
3. PROPERTY - The Trustees own a large number ol properties for the work of the Charity including
very large old buildings such a5 churches whi-h are ￿gula￿Y visited by the General Public. The
trustees recognise that there are risks Involved in owning building5 open to the publiG and have
arranged insurance to cover the nsks involved including liability to the public.
4. MOTOR VEHICLES - The Trustees own motor vehicles driven by persons c2rrying out the work of
the Society- They recognise that motor vehicles create risk and have ln place insurance arrangements
to comply with Ihe law and cover all foiESeeable risks.
Exceptional risks consiolered are as lollows'.-

Page 5
The Society of St Plus X
Truslees. Annual Report l¢onrirtue
Year ended 31 December 2Q24
1. The Trustees own and operate a mixed-education school 0160 pupils of whom the majority are day
pupi15. There were 18 boy borders at the end 012024.
2. The Trustees recognise th31 robust safeguarding policie5 and practice are of existential importance
to the Charity znd have appointed a Safeguarding Trustee charged with oversight and supervision of
all safeguarding policies and procedures, and thp. .nvestigation of any safeguarding incidents th3t m3y
arise. The Trustee5 take a close interest in all aspects of management of the school which is visited
rogularly by the new District Superior. Father David Shery who was appointed on 1 st January 2024.
The former Districi Superior Fr. Robert Brucciani rernains as a Trustee
3. The School is subject to supervision by the Local Authority and to regular inspection visits by
OFSTED.
Plans for future periods
111 Phase 1 of a major roof replacement and structur31 repair project at St Savioui'5 House Bristol
began in early 2025 and will be completed in 202i at an estimated cost Df £753,000. The second
phase, also critical to the structure Is planned for 2026. Two further phases of less Gritical repair will
be authorised by the trLJStees individually depending on financial circumstances. The project In total Is
estimated at £2m.
121 The Charity plan5 to continue its development of the school to ensure 18gal compliance. academic
success, financial vi3bility and grobvth.
131 The Charity continues to develop its online capability to deliver Catholic £ducatioTr and
livestreaming of religious ceremonies.
Trustees, responsibilities staternent
The trubtees are ￿spOnsible lor prep8ring the trustee5' report and the financial statemènts in
accordance with applicabl& laiv and United Kingdom Accounbng Stsndards (United Kingdotn
Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the charity trustees to prepa￿ finanGial
staterrients lor each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application ol resources. of the charity for that period.
In prepanng these financial statements, the trusiees are required to".
select suitable accounting policies and then apply them consistently.,
obseNe the rnethods and principles in the applicable Charikn'es SORP,.
ake judgments and accounting estimates that are reasonable and pnjdent.,
stste whether applicable UK Accounting Standards have been followed, subject tD any matenal
departure5 di5Elosed and explained in the financial statements.,
prepare the financial statements on the going GOnCEFn basis unless it is inappropriate to presume
that the charity will continue in business.

Page 6
The Society of St Plus X
Trustees. Annual Report Itanttnued)
Year ended 31 December 2024
The trustees are responsible for keeping adèqLJate accounting records that are sufficient to show and
explain the charty's transactions and disclose with rgasonable accuraoy al any time the financial
position of the charity and ènable them to ensurè that the financial statements comply wrth the
Charitiés Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provi51Dns of
the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for thè prevention and detection of fraud and other irr*gulanties.
The trustèès. annual report was approved on 30
trustees by..
and signed on behalf of the boarrj of
The Reverend
Trustee
herry
e Reverend Robert Bruccianl
Trustee
Mrw EV¢mor-Miles
Trustee

Page 7
The Society of St Plus X
Independent Auditor's Report to the Members of The Society of St Plus X
Year ended 31 December 2024
Opinion
Wle have aLJdiled the financial 8tatements of The Society ol St Plus X (the 'charity'l for the year ended
31 December 2024 which comprise the statement ol financi31 activities, statement of financial p051b"on,
statement of cash flows and the related notes. Including 8 summary of Significant accounting policies.
The financial reporting frameivork that has been zpplied in IheiT preparation is applicable law and
United Kingdom Accounting Standards, Including FRS 102 The Financial Reporting Standard
applicable In the UK and Republic ol Ireland IUnit&d King(Joni Geneially Accepted Accounting
Praclicvl.
In our opinion the financial statements..
give a true and lair view of the state of the charity's affairs as at 31 December 2024 and ol its
incoming resources and application of resources. including its in￿rne and expenditure, for the
year then ended,
have been properly prepared in accordance with United Kingdom Gener211y Accepted
Accounting Practice.,
hg*Va bggn pr9parèd In accord¥nco Wlth tho roquiretnertl2 of th@ eh3ri*ip.s Act 2011.
Basis for opiniorb
We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and
applicable law. Our rgspon5ibilits.es undor those standards are further described in thè 3uditorfs
responsibilities for the audit of the financi31 st3tements section of our report. We are independent ol
the charity in accordance with the ethic31 requirements that are relevant to our audit of the financial
statements in the UK, Including Ihe FRC'S Ethical Standard. and we have fulfilled our other ethiral
responsibilitie5 accoidance with these requirements. INe believe that the audit evidence we have
ODtained 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.
8ased on the work we have performed, we have not Identsfied any matenal uncertainties re5ating to
events or conditions th81 indfvldually or ¢olle¢tp¥ely. may ￿st significant doubt on the charitys ability
to CDntinue as a going ¢onc¢m lor a period of at least twelve months from when the financial
5taternenls are authorised lor issue.
Our responsibilities and the responsibilities ol the trustees with resFecl to going Con￿rn are described
in the relevant sections of thi5 report.

Page 8
The Society of St Plus X
Independent Auditor's Report to the Members of The Society of St Piu5 X
fcorttintsed)
Year ended 31 December 2024
Other information
The other illlormation comprises the information included in the annual reporl, other than the financial
statements and our audilorfs report Ihereon. The trustees are responsible br the other InformatlDn.
Our opinion on the financial statements does nDt covvr the other Inforrnalion and, ex￿pl to the extent
otherwise explicitly stated in our report. we do not exprESS any form of as5ur3nce conclusion the￿on.
In connection with our audit of the financial statenents, our responsibility is to read the other
infomztion and, In doing sa. concider whether the other information is materially inconsistent with the
financial statements or our knowledge obt3ined In the audit or otherwise appears to be materially
m15s1aled. If we Identify such material inconsistencies or apparent material misstatements. we are
required to determine whether there 15 a mateiial mi5Statement in the financial statemenis or a
material misstatem8Nt ol the other information. If, based on the work ￿re have performed. we conclude
that there is a mater131 misslalement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Chanties Act 2011 and the
Charity Accounts (Scotlandl Regulations 2D06 las amended j requires us lo report to you it. in our
opinlon..
the Information given In the Trustees, Report is Inconsistent In any material resped ivith the financial
ststemenls.. or
sufficient accounbng records have not been kept., or
the financial statéments are not in agreement with the 8ccounts.ng records and retums." or
we have not received all the information snd 8xplanations we require for our audit.
Respgn5ib51ities of trustees
As explained more lu51y in the trustees, responsibilities statement, the trustees are responsible for the
prBparation of the financial statements and lor being satisfied that they give a true and fair view. and
foi such internal control a5 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 stat&rnents, the trustees are responsible for a5se851ng the charity's abilty to
continue as a going concerrTr, disclosing, as applicable, matter5 related to going concem and using the
going conEem basis of acGounbng unless the trustees either intend to liquidate the charity or to ￿ase
operations, 01 have no realistic altemalive bLJt to do so.

Page 9
The Society of St Plus X
Independent Auditor's Report to the Members of The Society of St Plus X
(rontinuedj
Year ended 31 December 2024
Auditor's responsibilities for the audit of thè financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
a￿ free from material misstatemer,t. whether due to fraud or error. and to issue an auditor's raport that
includes our opinioll. Reasonable assurance is a high 1p.vel of assurance, but is not a guarantee that
an audit conrJucted In accordance with ISAS IUKI will always delect a material misstatement when it
exisis. Misslalements can arise from fraud or error and are Considered material If, individually or in the
aggregate, they could reasonably be expected lo influence IhE economic decisions of users taken o
the tTrasis of these financial staternents.
Irregularities. including fraud, are Ins18nces of non-compliance with laws and regulatsons. Wa desig
procedures In line with Dur responsibilities, outlined above. to delect material misstatements in respect
of irregu13Qties. including fiaud. Th8 extent to which our procedures are capable of detecting
irregulanlies, including iraud 15 detailed below..
We idontify and 2ssess the risk5 of rThaterial misstatement of the financial statements, whether ta
fraud or error, and then design and perform audif procedures responsive to those risk5, including
obtaining audit evidence that Is sufticient and appropriate to provide a ba515 lor our opinion.
In identifying and assessing risks of material misstatetnent in respect of irregularities, Including fraud
and non-cornpliance with lawb and regulations, we have considered.. the nature of the industsy, control
environment and business pÉrforrnance bvith particular reference to the Charity's 5Q/. donation based
Dn performance levels.
We also consider the results of our enquiries ol managément and the Tr(Jstees, relating to their olvn
identification and assessment of the risks of irregularities and possiblo related fraud. This include5
revievving available documentation on their policies and procedL5res performing tests of controls to
evidence their effectiveness.
ThroughoLJt the audit testing we are ¢Dnsidering the incentives that may exist within the organis31ion
lor fraud. Key areas include liming of recognising income around the yezr end. posting of unusual
journals and manipulating the Charity's performance measures to meet targets. In cofftmon v¢ith all
audits under ISAS IUKI. we are also required (o perform specific procedure5 to respond to the nsk of
management override
We ensure we have an understsnding of the relevant laws and regulations and remain alert to
possible non-complianLe thrDughout the audit.
Despite proper planning 2nd audit work In accordance ivrth auditing standard5 there are inherent
5imitations and unavDidable risk that we may not detect some irregularit.es and material misstatements
in the financial Statements. We are not responsible for preventing non-c0tnp1ian￿ and cannot be
expected to detect non-compliance with all laws and regu121ions.
As part of an 3udit in accDrdance with ISAS IUKI, we exEfci5e professional judgment and mainlain
profession315cepticism Ihroughout thp audit. Vve also-.
Identify and assess the risks of materi31 rftisstatement of the financial statement5, whether due to
frèud or £rtor: design 2nd pertorm audit procedures responsive to those risks, and obtain audll
evidence that Is sufficient and appropriate to provide 8 basis lor our opinion. The r15k of not
detecting a material misstatement resulting frDm fraud is higher than for one resulting from error,
as fraud may involve collusion. forgery, intentional omissions, misreprebentations, or the overnde
of internal control.
Obtain an und8rstanding of internal control relevani to the aLJdit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiv&ness of the Internal control

Pagè 10
The Society of St Plus X
Independent Auditor's Report to the Members of The Society of St Plus X
Icontinued)
Year ended 31 December 2024
Evaluate the approprialenesg of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the approprialenes5 of the trustees, use of the going con￿r￿ basis of accounting
and, based on the audit evidence obtained. whether a material uncertainty exists related lo
events or Conditions that may cast significant doubl on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required lo draw attèntion In our
auditor5 report lo the related disclosures In the financial statements or, if such disclosure5 are
Inad&quate, to modify our Dpinion. Our conclusion5 arè based on the audit evidence obtained up
lo the date ot our auditor's ieport. However, future events or conditions may cause the charity to
cease lo continue as a going concern.
Evaluatè the overall presentation, structure and Gontent of the financial slatemenls, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that aGhieves lair presentation
We communicate with those charged with governance regarding, arnong other matter5, the planned
scope and timing of the audit and significant audit findings, Including any significant deficiencies in
internal control that we Identify during our audit.
Use ofour report
This repDrt is made solely to the charity'5 membèrs, as a bDdy, in a¢cordan¢e with section 144 of the
Charities Act 2011 and regulations made Ljnder section 154 of that Act. Our audit work has been
undèrtaken so that we rnight state to the chaiity's members those matters we are required to 5ts1e 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 iesponsibility to anyone other than the charity and tne charity's members as a body,
for our audit work, for this report, or for the opinions we have formed.
Colin Reid Iseknr Statutory Aud-,
For and on behalf of
Burgess Hodgson LLP
Chartered accountants & statutory auditor
CatnbLJrgh House
27 New Dover Road
Canterbury
Kent
CT1 3DN

Page 11
The Society of St Plus X
Statement of Financlal Activities
Year ended 31 December 2024
2024
Restr+cted
fund5 Totsl furtds Total funds
2023
Unrestricted
fvnds
Note
Income and ¢ndowmBnts
Donations and legacies
Charit8ble activities
Other trading a¢tivities
Investrnent income
1,111,199
37,878
429,514
154,487
152,841
1,264.040
37.878
429.514
154,487
3,729,247
30,100
428,128
148,700
Total income
1.733,078
152,841
1,885,919
4,336.175
Expenditure
Expenditure on charitsble a¢tivities
other •xpenditure
Total expenditure
1,898,235
11.5751
1,896,66Q
105,342
2,003.577
11.5751
2.002,002
2,383.510
112.5391
2,370,971
11
105,342
Net gains on Investments
158,8871
158,887)
133,966)
Net lexpenditurelllncome and net
movement In funds
1104.6951
47,499
157,1961 1,999,170
Recon¢iliatlon of funds
Total funds brought IoTward
Total funds carried foNard
18,503,179
1,500,639 20,003,818 18.004,648
1,548,138 19,946,622 20.003,818
18,398,484
The statement of financial activities includes all gains and 5osses recognised in the year.
l income and expenditUTe derive from continuing activities.
rhe notes on pay¢$ 14 to 24 form part of the5t financial ststefflÈnts.

Page 12
The Society of St Plus X
statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixèd assets
Investrnen15
17
18
14,148,665 14,085.747
3,065.449
2,941,021
17,214,114 17,026.7e8
Current assets
Stocks
Debtors
Cash at bank and In hand
19
20
15,000
789,842
2,285,430
3,090,272
457,303
2,349,015
2,806,318
Greditor5= amounts falllng due within one year
21
73,810
113,222
Net current assets
2,732,508
19,946,622 20,003,818
19,946,622 20,003.618
2,977,050
Total assets less Cu￿ent Ilabilities
Net assets
Funds of the charity
Restricted lund5
Unrestricted funds
1,S70,834
1,500,639
18,375.788 18,503,179
19,946,622 20,003,818
Total charity funds
Thèse financial staternents were approved by the board Of trustees and authorised for issue on
Apra202S , and are signed on behalf of the board by..
The Revergnd D
Trustee
Reverend Robert Brucciani
Tmstee
Mr Vl E Vemor-miles
Trustee
ThÈ notes on pages 14 to 24 form part of these financial statements.

Pagè 13
The Society of St Plus X
Statement of Cash Flows
Year ended 31 December 2024
2024
2023
Cash flows from operating activities
Net lexpenditurellincome
157,1961 1,999,170
Adjustments for."
Depreciation of taTrg￿ble fixed assets
Net gains on investments
other interest receivable and similar incomè
Gains on disposal of tangible fixed assets
Accrued expensesllincomel
37.209
36.024
158,8871
133,9661
1154,48n 1148,7001
11,5751
112,5391
2,500
12.3001
Changes in.
Stocks
Trade and other debtors
Trade and other creditors
15,000
332,539
141.9121
73,191
150,000
1525,8401
36,567
Cash generated from operations
1,498,416
Interest received
154,487
148,700
Net cash from operating activiknes
227,678
1,647,116
Cash flow5 from invesling activities
Purchase DI tangible assets
Proceeds from sale ol tangible 8s5et5
Purchases of other Investments
Proceeds from sale ol other investments
Other invosting cash flow adju5tmÈnt
Net cash used In investing activities
11045501 12,469,707)
6,000
14,811
1831,6911 11.536,9351
B25.037
1.972,857
158,8891
133,9661
1164,0931 12.052.9401
Net increase]Ideereasel cash and cash equivalents
Cash and cash equivalents at begSnning of ygar
Cash and Ga5h equivalents at end of year
63,585
2,285.430
1405.8241
2,691,254
2,349,015
2,285.430
The notes on pages 14 to 24 form part of these financial statements.

Page 14
The Society of St Plus X
Notes to the Financial Statements
Year ended 31 December 2024
General Information
The eharity Is a public benefit entty and a registered charity in England and Wales and is
uninoorpDrated. The address of the principzl office is Sl George's House. 125 Arthur Road.
Witnblerjon Park, London.
Statèment of compliance
These financ131 statements have been prepared in compliance w1th FRS 102, The Financial
Reporting Standard applicable in th8 UK and the Republic of Ireland,, Ihe Statement of
Recommend8d Practice applicable lo charities preparing their accounts in accordance with th
Financial Reporting Standard applicable in the UK 3nd Republic of Ireland IFRS 1021 Icharities
SORP IFRS 10211 and the Charities Act 2011.
Accounting policles
Basis of preparation
The financial statements have been prepared on Ihe historical cost basis, as tnodified by the
revaluation of certain financi81 assets and liabilities and investment properties me35urpd al fair
value through income or expenditure.
Th8 financial statements are prepared in sterling, which is the function31 currency of the entity.
Gifts in kind
Gifts in kin(8 are valued at market value ancl included iri the accounts when re¢eived.
Tax recoverable
Tax recoverable Is included in the accounts using the 8ccrua15 concept based on amoLJnts
Calculated as due at the year end
Going concern
There ar8 no material uncertainties about the charity's ability to continue.
Legacies
Legacies are includ8d on a cash received basis. or when the charity Is awaie of the entitlement
and the valup of the legacy is determined.
Donations
Donations are included ori a cash received bas15.
Deeds of covenants
Deeds of covenants are Included on a cssh reTrived basis except ivhere deposited covenants
have been received and these are carried forw8rd to the period to which they relate.

Page 15
The Society of St Plus X
Notes to the Financial Statements Irontinuedl
Year ended 31 December 2024
Liabilitie5
Liabilities are incSuded when Incurred on an accruals basis.
Resources expended and the basis of allocation of costs
Expenditure Is recognised on an 8ccrua15 bas15 as a liability is incurred. Expenditure inGlude5 any
VAT which cannot be fully recovered.
Charitable expenditure conprises those costs incurred by the charity in the delivery ol the
bjects ol the charity. It includes both costs that csn be 311orated directly to such activities and
those costs ol an indirect nature necessary to support them.
Governance costs Include Ihose costs associated with meeting the constitutional and statutory
requirements of the chèrity and include the accoufttancy and audit fees, legal advice and costs
Iinketj to the strategic Management of the charity and compliance with conslitulional and
Statutory requirements.
Judgement5 and key sources of estimation uncertainty
The preparation of the financial statements ￿qUireS managetnent to make judgetnents,
BStim3tes and 3ssumptions th2t affoct the amounts reported. AGcountina estimates and
8ssumptions are made concerning the future and, by their nature, will rarely equal the related
actu81 outcome. These estirnates and judgements are continually revieived and are based on
expenence and other factQT5. including expect8lions of future events that èle believed to be
reasonable under the c￿rCL1m5taneeS.
Fund accounting
Unrestricted funds are availab18 for use at the discretion ol the trustees io further any of the
charity's PLJrposes.
Designated funds are unrestncted funds &arrttarked by the trustee5 for particular future project or
cornmitmenl.
Restricted funds are subjected to restrictions on their 8xpenditu￿ declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes.. restricted Income funds or
endowment funds.

Page 16
The Society of St Pius X
Notes to the Financial Statements (COn￿nUed1
Year ended 31 December 2024
Accounting policies (continuedj
Incoming rÈsources
All incoming resources are included in the statement of financial activities when entitlement has
passed lo the charity., il is probable that the economic benefits associated with Ihe transzction
will flow to the charity and Ihe amount can be reliably measured The following specific policies
are applied tD Particular categories of incomÈ'.
income from donations or giants 15 recognised when there is evidence of enbtlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income Is recognised when receipt Is probable and entitlement ib established
Income from donated goods is me2sured at the fair value ol the good5 unless this is
ifnpractical lo measure reliably. IN which case the value 15 derived from the cost to the donor
or the estimated resale value. Donated facilities and seNices are recognised In the
accounts when received if the value can be reliably measur&d. Nci 8mtsun15 are induded for
the contribution ol general volunteers.
income from contracts for the supply of seNices Is recognised with the delivery of the
contracted service. This Is classilied as ￿m￿striCted funds unless there Is a contractual
requirefftent for it to be spent on a particular purpose and relurned il unspent, ir) which case
It may be regarded a5 restricted.
Operating leases
Lease payments are rpcognised as an expense over the lease tem on a slraight-line ba515. The
aggregate benefit ol lease incentives is recognised as a reduction to expense over the lease
term, on a straight-line basis.
Tangible a55ets
Tangible assets are initially recorded at cost, and subseqLJently staled at Gost less any
accumulated deprecièlion and impairment losses. Any tangible assets Carried at revalued
amounts are recorded at the fair value at the date Df revaluation less any subsequent
accumulated depreciation and sub5eouent accumulated impairment Ios5eb.
An Increase In thè carrying amount of an asset as a result ol a revaluation. Is recognised in other
reEognised gains and losses. unless It reverses a charge for IrHpairment that fvas previously been
recognised as expenditure wrthin the statement of financial activities. A decrease in the carrying
amount of an asset a5 a result of revaluation, is recognised In other ￿ cognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses the Statement of financial 2Ctiwlies.
DepreciatSon
Depreciation is calculated so as to write off the cost or valuation of an asset. les5 Its residual
value, ovÈr the useful economic life of that asset as follows.-
Fixtures & fittings
Mutor vehicles
25,10 Straight line
25 /0 reducing balan
The freehold propety and long-term leasehold property is not depreciated and are held at cost,
only revalued when it is likely that the propertie5 will be 501d.

Page 17
The Society of St Plus X
Notes to the Financial Statements (continuedl
Year ended 31 December 2024
Accounting policies {C4JJ)ElnueLII
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably me35ured. assets are measured at cost less impairment.
Li5tpd investments are measured at lair value wilh changes in fair value being recognised in
income or expenditure.
Impalrnient of fixed assèts
A revieiv for indicators of Imp3irrnent is carried out at each reporting date, with the recoverable
amount being estimated where such indicalors 8XlSt. Where the carying value exceeds the
recoverable amount. the asset is Imp8ired accordingly. Prior impairments are also reviewed lor
possible reversal at each reporting date.
Stocks
Stocks are measured at the lower ol cost and estimated selling price Cost includes all costs of
purchase in bringlng the slDck to its present localion and condition.
Firbancial instruments
Financial liabilities and equity In5trurnents are classified accordir)g to the substance of the
contractual arrangements enl8r8d Into.
Debtors and creditors with no stated interest rato and receivable or payable within one year arg
recorded at transèctson price. Any losses arising from itnpairmsnt are recognised in the profil and
1055 accoLJnt in other adminislralive expenses.
Loans and borrowings are initially recounised al the Iransaction price including transaction costs.
Subsequently, they are measured at amortised cost Using the effective interest rate method. less
impairment. If an arrangement COnStitutes a finance transaction It is measured at present value.
Donations and legacies
Unre5tncted
Funds
Restricted Total Funds
Fundb
2024
Donations
Donations- UK
Donations- Scandinavia
947,151
152,841
1,099,992
Legacies
Legacies
164.048
164,048
1,264,040
1,111.199
152,841
Unrestricted
Funds
Restricted Tot81 Funds
Funds
2023
Donations
DDnations - UK
Donations- Scandinavia
1,038.292
33,663
417,570
1,4S5,862
33,663

Page 18
The Society of St Plus X
Notes to the Financial Statements (Gvrttsnu•dl
Year ended 31 December 2024
Donations and legacies (conllnueul
Unrestrict8d
Funds
Restricted Total Funds
Funds
2023
Lègacies
Legacies
2,239,722
3.311,677
2,239,722
3,729,247
417,570
During the year. the charity sa¥v a decline In legacy income. Alhough still material, the chanty
had previously received very large legacies from a number of estates. The charity largely relies
on the generosity of the donors through their estate.
Charltable activities
Unrestricted Tolal Funds Unrestricted Tot31 Funds
Funds
2024
Funds
2023
Fund raising activitiès
37,878
37,878
30,100
30.100
Other trading aCtivstTres
Unrestricted Total Funds Unrèstricted Tota5 Funds
Funds
2024
Funds
2023
Rent received
Schaol fees
79.564
349.950
79,564
349,950
92,724
335.404
92.724
335,4(
429,514
429,514
428,128
428.128
Investment income
Unrestricted Totsl Fund5 Unrestricted Total Funds
Funds
2024
Funds
2023
Other interest receivable
Investrnent income
59,575
94.912
59,575
94,912
44,834
103.866
44,834
103.866
154,487
1S4,487
148,700
148,700

Page 19
The Society of St Plus X
Notes to the Financial Statements [conTinuedl
Year ended 31 December 2024
Experbditure on charitable actlvities by fund type
Unrestricted
Funds
Restricted Totsl Funds
Funds
2024
The leaGhings of the Roman Catholic Faith
Educalional seNiees
Catholic book sale5
Support costs
1,040.677
663,379
15,000
179,179
105,342
1,146,019
663,379
15,000
179,179
1,8g8,235
105,342
2,003,577
Unrestricted
Funds
Restricted Total Funds
Funds
2023
The teachings of th8 Roman Catholic Faith
Educational services
Catholic book sales
Support costs
1.513.000
630,846
21,593
1,534,593
630,846
218,071
2,361,917
218,071
2,383,510
21.593
EXpendItu￿ on charitable actlvllies by activity type
Activities
undertaken
directly
Support Totsl funds
Costs
2024
TDtal fund
2023
Th8 teachings Df the Roman Catholic
Faith
Educational services
Catttolic book sales
Governance costs
1,146,019
663,379
15,000
10,206
127,184
1,156,225
790.563
15,000
41.789
1,543.867
802.095
41,789
37.548
1,824,398
179,179
2,003.577
Within donation expenditure, 15 an annual contribution that thè Charity makes to the General
House. The contribution each year is calculatad at 5°/D of the donation incorne excluding any
funds raised for designated purposes.
2,383,51 Cl

Page 20
The Society of St Plus X
Notes to the Financial Statements (¢OFJtinuedJ
Year ended 31 December 2024
10. Analysis of support costs
The
teachings ol
the Roman
C8tholic Educational Govemance
Farth
services
costs
Total 2024 Tota5 2023
Premises
GDvernance costs
Bank charges
Legal and professional
lees
Repairs and
M8inten3nce
Printing, postage and
stationéry
Light 8nd heat
27,585
27,585
51,995
1.258
25,586
46,822
1,262
10,206
41.789
1,258
10,912
10,912
6.856
45,884
45,884
98,810
223
41.322
223
41,322
241
38,494
10,2Ub
127.184
41,789
179.179
218,071
11. Other expenditure
Unrestricted Total Funds UnrE5tricted Total FuThJs
FLJnds
2024
Funds
2023
GainslLosses on disposal of tan9ible
fixed assets for charity s own use
11,57>)
11,5751
112,5391
112,5391
12. Net gains on investments
Unrestricted Total Funds Unie5tiicted Total Funds
Funds
2024
Fund5
2023
Gainslllossesl on other investment
assets
58,887
58,887
33.966
33.966
13. Net lexpendilurellincome
Net lexpenditurellincotne is btated aNer chargingll¢red¢tsngl-.
2024
2023
Depreciats"on of tangible fixed assets
Gains on disposal of tangible fixed assets
37.209
11,5751
36,024
112,5391
14. Auditors remuneration
2024
2023
Fees payable for the audit ol the fir)sncial statements
20,625
18,750
Fees payable ID the charity's auditor and its associates for other services".
Other non-audit services
6.87S
6,250

Page 21
The Society of St Plus X
Notes to the Financial Statements icaniinved)
Year ended 31 December 2024
15. Staff cost5
rhe total staff costs and employee benefiis for the rèporting period are analysed as follows".
2024
2023
Wages and s8lari8s
761,308
702.007
The average head count ol employees during the year was 2412023.. 241.
No employee received employee benefit5 of more than £60.000 during the year12023'. Nill.
16. Trustee retnuneration and expenses
No remun8r8tion. benefits or expenses were paid to the Trustees of the Charity in the current or
previous year. All the Trustees with the exception of Mr J C Vernor-miles, Mr W E Vemor-miles
and Mr J Rogerson devote their entire lives to the work DI the Society In the United lQngdom or
elsewhere and are wholly dependent on the Society for accommodation. food and clDthing. They
do not receive 8ny firiancial remuneration.
Dumng rhe period tne ¢hariry made payment5 fDF service5 to Hunters solicitors of £24,74312023..
£47.8111, a firm in which Mr W E Vernor-miles is a partner.
17. Tangible fixed a55etS
Freehold Fixture5 and
property
fittings
Motor
vehicles
Total
Cost
Al 1 January 2024
Additions
Disposals
At 31 December 2024
13.996.210
52,860
401,057
3,454
194,183 14,591,45Q
48,236
104,550
110,9111
110,9411
231,478 14,685,059
14.049,070
404,511
Depreciation
At 1 January 2024
Charge for the year
Disposals
At 31 December 2024
368,634
11,977
137.069
25,232
16,5181
155,783
505,703
37.209
16,518}
536,394
380,611
Carrying amount
At 31 December 2024
14,.J49.070
23,900
75,695 14.148,665
57,114 14,085.F47
At 31 Decetnber 2023
13,996,210
32,423
The charity's freehold properties include churches and substantial school buildings. St IS the
Trustees, Dpinion that the market values would be in excess of the book value, although ttte cost
Involved to determine the actual market valiJes are not considered effective use ol the Charity's
resources. This position will be reviewed on a regular basis.

Page 22
The Society of St Plus X
Notes to the Financial Statements {rGrJfin¥edl
Year ended 31 December 2024
18. Investments
Cash or cash
Listed
equivalents investments
Total
Cost or valuation
At 1 January 2024
Additions
Disposals
Fair value movements
274,254
679.443
1735.3961
2.666,767
152,248
130,7541
58,887
2,941,021
831,691
1766,1501
58,887
At 31 December 2024
218,301
2,847.148
3,065,449
Impairment
Al 1 January 2024 and 31 December 2024
Carying arnounl
At 31 December 2024
218,301
2,847,148
2,666.767
3,065,449
At 31 December 2023
274,254
2,941.021
All investments shown above are held at valuation.
Financial assets held at fair value
The fair value of the listed investrnents at 31 December 2024 w3$ £2,847,148 12023".
£2,666.7671 The inve5ttnents Meld are all readily marketable and have been valued by reference
to the mid-market vaSue provided by the Investrnent Man8g8r_
Within listed Investments. £943,845 12023. £963,118) rel3tes to th8 fixed interest investments
and £1,903,30512022. £1,701,350) relate5 to equity investments.
19. Stock5
2024
2023
Books
15,000
20. Debtors
2024
2023
Prepayments 8nd 8ccnJe¢ in¢om8
Olhei debtors
115,608
341,695
607,833
182,009
789.842
457,303
21. Creditors.. amounts falling due within one year
2024
2023
Trade creditors
Accru815 and deferred income
Other creditor¢
45,819
27,500
491
108,343
25.000
120,1211
113,222
73,810

Page 23
The Society of St Plus X
Notes to the Financial Statements (¢cntinuedJ
Year ended 31 December 2024
22. Analysis of ¢h¥rilablè funds
Unrestrlcted funds
At
Gains and 31 Dec 202
losses
At
l Jan 2024
Income ExpÈnditure
Transfers
General fvnds
18,503,179 1,733,078 11,896,660)
122,6961
58,887 18,375.78B
At
Gains and 31 Dec 202
10s5es
At
1 Jan 2023
Income Expenditure
Translè
General funds
15.953,8SI 3,918,605 12,349,378)
946,152
33.966 18,503,179
Rèstricte(S funds
At
Gains and 31 Dec 202
losses
At
1 Jan 2024
Income Exp8nditure
Transfers
Wie5elgren
Legacy
SMAC Project
Seminarian
ProjeLt
Woking Project
Bristol Proj8rt
8ellast Building
Fund
1,323.680
1,323,680
43.458
166,1541
22.696
81,191
46.865
57,084
04
128,056
33,325
81,143
123,7591
115.4291
95.768
4.630
4,630
1,570,834
1,500.639
152.841
1105,3421
22,696
At
Gains and 31 Dec 202
losses
At
1 Jan 2023
Income Expenditure
Transfer5
Wieselgren
Legacy
SMAC Project
Seminarian
Project
Woking Project
Bristol Project
Belfast Building
Fund
1,323,680
668,704
1,323,680
277,448
1946,1521
51,331
7,099
29,860
10,201
100.061
81,191
117,3001
14.2931
95,768
2,050,814
417,570
123,5931 1946,1521
1,500,639

Page 24
The Society of St Plus X
Notes to the Financial Statements {¢ontinuod)
Year ended 31 December 2024
23. AnalysKs of net assets between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2024
Tangible fixed assèts
Inve5trnents
CLJrrent assets
Creditors less than 1 year
14,148,665
1.741,769
2,559,162
173.8101
18.375,786
14,148,665
3,06S,449
2.806,318
173,810)
1.570,836 19,946,622
1,323.680
247,156
Net a55ets
Unrestricted
Fund5
Restricted Total Funds
Funds
2023
Tangible fixed ass8ts
Investments
Current assets
Creditors lass than 1 year
Net assets
14.085,747
1,617,341
2,913.313
1113,2221
18,503.179
14,085,747
2.941.021
3.090.272
1113,2221
1.500,639 20.003.818
1,323,680
176,959
24. Analysi5 of changes in net debt
At
At
1 Jan 2024 Cash flows 31 De¢ 2024
Cash at bank and in hand
2,285,430
63,585
2,349.015
25. Operating lease commltments
The total future minimum lease payments under non-cartcellable operating leases are as foll¢)ws'.
2024
2023
Not later than 1 yeer
Later than 1 year and not later tran 5 years
5,474
31,113
5,474
5,474
36,587

Page 25
The Society of St Plus X
Management Information
YeaT ended 31 December 2024
The followlng pages do not form part of the financlal statement5.

Page 26
The Society of St Plus X
Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and èndowments
Donation5 and legacies
Donations- UK
Donations . Scandinavia
Legacies
1,099,992
1.455,862
33,663
2,239,722
164,048
1,264,040
3,729,247
Charitable activitres
Fund raising activities
37,878
30,100
Other trading activitiès
Rent received
School fees
79,564
349,950
92,724
335,404
429,514
428,128
Investment income
Other interest receivablè
Inveslrnent incoTne
59,575
94.912
44,834
103,866
154,487
148.700
Total income
1,885,919
4.336,175

Pa9e 27
The Society of St Plus X
Detailed Statement of Financial Activities (continv•dJ
Year ended 31 December 2024
2024
2023
Expenditure
Expenditure on charltable activities
Opening stock
Purchases
Closing stock
Wages and s81aries
Rènt
Light and heat
Repairs and maintenance
Insurance
15,000
13,177
15,000
121.304
15.000
702.007
103.521
152,176
752,670
87,146
761,308
102,847
196,163
384,745
85,407
F il
Motor vehicle expensès
Other motorltravel costs
Legal and profe55i0nal fees
T8laphone
Other office costs
Depreciation
Bank charges
Centr& Gosts
Sundry
7S.480
25,991
136,280
8,286
48,534
37,209
1.258
98,891
13,021
2,003,577
67.401
96,771
136,063
6,684
59,569
36,024
1.262
121.510
9,402
2.383,510
other expenditure
Gain51Losses on disposal of tangible fix8d assets for charity's own use
11.575
112.5391
Total expenditure
2,002,002
2,370,971
Net galns on investments
Gainslllossesl on other Investment a55ets
{58,8871
133,9661
Net lexpenditureyincomts
157,1961
1,999,170

Page 28
The Society of St Plus X
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Expenditure on charitable activities
The teachings of the Roman Catholic Faith
Activities undertaken directly
Direct- Donation
Direct- Salaries and wages
Diiecl- Rent, rates and room hire
Direct- Light and heat
Direct- Repairs and maintenance
Direct- Insurance
Direct- Motor vehicle expenses
Direct- Travel and subsistence
Direct- Legal and piolessional fees
Direct- Telephone
Direct- Printing, postage and stationery
Direct- Depreciation
Direct- Gentre costs
Direct- Sundry expenses
13,177
230,502
75,262
154,841
262,425
65,OS7
67,026
24,2S0
83.559
6,317
43,730
37,209
72,079
10.575
121,304
208.331
77,935
113,682
587,774
62,943
59.345
23.984
91,659
5,371
41,129
36.024
97.820
7.292
1,146,015
1,534,593
Support costs
Support- Governance
Educational services
AGtivities undertaken directly
School- Sa13rieb and wages
School- Repairs and maintenance
School - Insurance
Schoo1- Motor vehicle expenses
School - Travel and Subsistence
School Telephone
School- Printing, postage and st8tionery
School - Centre CDSIS
School - Sundry expenses
10,206
9,274
530,806
76,426
20,350
8,454
1,741
1,969
4.581
16,606
2.446
493,676
66,086
24,203
8.056
2.78F
1.313
18,199
14,416
2,110
663,379
630,846
Support costs
Support School - Rent. rates and water
Support School - Light and heat
Support gGhool - Repairs and maintenance
Support School- Legal and professional lees
27,585
41,322
45,884
10,912
25,586
38,494
98,810
6,856
Carried fonNard
125,703
169.746

Page 29
The Society of St Plus X
Notes to the Detailed Statement of Financial Activities (¢QmInt￿d)
Year ended 31 December 2024
2024
2023
Brought forward
125,703
169,746
Support School - Printing, postage and 5tsI'onery
Support School- Bank charges
223
1,2S8
241
1.262
127,184
171,249
Cathollc book sales
Activltlès undertaken directly
Direct Books- Opening 5toGk
Direct Books- Closing stock
1 S,000
15.000
115.0001
Is,000
Govornanee costs
Govemance costs- audit tees
Governance costs- inve5tm¢nt manager fe8S
28,750
13,039
25,000
12,548
41,789
37,548
Expeftdltur8 on charitable activities
2,003,577
2,383.510