2025-03-31-accounts

Charity regtstra¢ion DumbÈr 294102 (EDgJand and Wales) CHRIST THE SAVIOUR MONASTIC TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHRIST THE SAVIOUR MONASTIC TRUST LECALAND ADMINISTRATIVE INFORMATION Tru$tees Father Colin Brother Christopher Mark Father Peter Charity number Registered otTice The Monastery of the Holy Trinity Cuttinglye Lane Crawley Down Wesi Sussex England RH104LH IndtptthdeNt ex*￿Iller Darren Harding ACA FCCA DChA Richard Plate Dobson Service5 Limited -7 Station Road Crawley West Sussex RHIO IHT

CHIUST THE SAVIOUR MONASTIC TRUST CONTENrs Page Trusie¢s Tepot1 Ind¢pendeni examinevs Teport Statement of financÉal actKVllies Balance she¢t Notes to the fInan¢ial statements 6- 13

CHRIST THE SAVIOUR MONASTIC TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees preseni their annual report and financial statements for the year ended 31 March ?0?5. The financial siaiements have been prepared in aceordaDce with the accounting policies set out in note I to the finan¢ial statements and comply with the trust's trusi deed, Ihe Charities Act ?01 l and "Atcounling and Reporting by Chariiies: Statement of Rec4)mmended PracEi¢e applicable to ¢haTities PTeparillg their accollnts in a¢¢ordance with the Financial Reporting Stsndard appli¢able in the UK Republic of Treland IFRS 10?) leffectiv¢ l Jonuary 20191" Objectives g¢tlvities The charity was founded by the Community of ihe Servants of the Will of God with the purpose of maintaining a centre in which may be incorporated a chapel and library, a conference house aod a residence for a warden. staff stud¢nts of the adv3nceTn¢nt of the Christian religion by su¢h means consistent with thc character of a lift of prayer and monasti¢ dis¢iplia]¢ as the irust¢es may decide. This purpose may in¢lude the PTOVl5iOll of opportunities for training for the parochial ministry by the ￿UdY of urban al￿ and the pastoral struLIuT¢S and methods most appropriat¢ for ministering to them. for the production, translation 2nd dTssemination of Chrtsiian lit¢rarure and for ecumenical dialogue and tvntabts. SignifieaTrt activities The trust h￿￿125 Tnunies for a Committee of Religious. Charitable trading continues with the publi¢ation of iheologi¢al lÉteTature. lectionary and servi¢e booklets with music Public beuefit The trusl¢e5 are aware ofthe Charity Commission's guidance on public benefit in TheAdVan¢eme￿ of Religion for the Publi¢ B¢nefit and have had r¢(pard to it in their administration of the charity. AcbRevements And p¢rfornian¢e The tTusiees made three grartts during the year, the grants provided wer¢ as follows.. Two We￿ for individuals for the fvrtheran¢¢ of their theological studies and one was io the institute for Christian Orthodox studies t(p provide for funds for a research doctoraie. The Trust ￿s9 supports an initiative of thc rcligious communities of the Church of England in fosteTing vocation5 to the reliutP QU5 life. Finaneigl review The trustees are pleased to report that for the year to 31 March 2025 incoming resources ¢xceeded resour¢es expended giving a surplus of £4,4?9 120?4 - surplus £?5.1771 befor¢ iaking into account gains/losses on investm¢nts. The sale of investments in the year by the inv¢stmeni adviser5 resulted in a net realised loss of £1.618 (?024- loss £7,324). In¢ome from inve51ments £41 ?J3 12024 - £4I.4771 and ihe cost of inve5t]nent management was £10.388 120?4 £9,669). Income from ¢haTltable activities. being the sale of books, publication5. mounted i¢ons. prints and prnyer ropes has only increased slightly to £1,0971?024- £1,0941- Itkcome from donations in¢reas¢d to £1,9371?024- £1 ??6). Reserves policy The trustees aim to maintain adequate reserves to ¢ov¢r planned expenditure for the forthcoming year and to set aside funds for futurt projects. Structure? governan¢¢ and management GDverning documeot The charity is governed by a Trust Deed dated ?4 March 1986 as amended by a scheme of the Charity Commission¢r5 dated 13 February 2003. page I

CHRIST THE SAVIOUR MONASTIC TRUST TRUSTEES REPORT (CONTINUED) FOR THE YE4R ENDED 31 M4RCH2025 The ttusteE5 who served during the year and up to the date of signature of the fJnanCl￿ statements were.. Father Colin Brother Christopher Mark Father Peter Recrnifment and gppolntment of ntw trustee5 The charity is run on a day to day basis by the ¢rustees. New trustees would be recruited from within the Community Of the Servants of the Will of God, and would undertake ￿ induction to brief ihem on their le.￿1 (pblLgation5 under charity law, the ¢h￿ity'S objectives and activities and recent firtantial performance. ststement of trtssttes re8poDsibilitiés The tru51tts are responsible for preparino the Trustees Report and lh¢ finan¢ial stateinents in aecordance with applicable law and United KIn￿￿orn A¢¢ounting Standards Iunited Kingdom Generally A¢¢¢pted Accounting Praai¢el. The trustees r¢port appTov¢d by the Board of Trustees. Father Coli Trustee Dated-. 11 10%5 pa¥e 2

CHRIST THE SAVIOUR MONASTIC TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST THE SAVIOUR MONASTIC TRUST

I report to the trustees on my examination of the financial statements of Christ the Saviour Monastic Trust (the trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the trust as required by section 130 of the Charities Act 201 l. 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RHI0 IHT

Dated: 13/11/2025

page 3

CHIUST THE SAVIOUR MONASTIC TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING IINCOME AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 31 MARCH2025 UnresiTltted funds 2025 RestrÈeted funds 2025 TotAI Unrestricted funds 2024 Restricted funds 2024 Totsl 202$ 2024 Notes Intome from= Donations and legacies Charitable activiti¢5 Investtnents 937 1.097 41.075 1,000 1,937 1,097 226 1,094 41 J69 1.000 1,094 41,477 168 Total income 43,109 1.168 44,277 43.797 Expenditure on: Raisiniy funds Charitable activities 1.68? ?7,051 11,682 ?6,166 10,056 7,866 10,056 8,564 698 Total expenditure 38,733 39,8A8 17,922 698 18.6?0 Net gain￿(1055£5) on invesunenis l6,?06 87,?91 87,291 Ntt IDCOMÈ and movement I funds 20.58? 53 ?0.635 112,051 417 11?.468 Reconeiliation of funds: Fund bala#¢es at l April ?0?4 1,509.041 ?.873 1,511,914 1.396,990 2.456 1,399.446 Fund balances at 31 Mar¢h 21)25 1,529,623 1,532,549 1.509,041 9,873 1.511.914 The statemcnt of financial gctiviti¢s in¢ludes all gains and losses rBrognised in the year. All income and expenditure derive from continuing acttvities. page 4

CHRIST THE SAVIOUR MONASTIC TRUST BALANCE SHEET ASA T31 K4RCH 2025 2025 2024 Notes Fixed assets Inv¢sim¢nts 13 1.470,167 1.4J7,630 CurreDÉ assets Debtors C&%h at bank and in hand 14 3.173 67.416 575 80,441 70.589 81,016 Creditors: gmounts fAIIiDg dlle within on¢ year 15 18,2071 16,73?) Net ¢urrent a$5¢1S 62.38? 74.?84 Total assets less eurrtnt liabilities 1,532,549 1,511,914 The funds of th¢ trust Restrict￿ income funds Unrestricted funds 16 17 2.926 I,529,6?3 9.873 1.509.041 1,53? 549 I,SLI,gI4 !?..CLkn..bw 2 05 The financial staiemenis wer¢ approved by the trust¢es on .. .. Father Colin Trustee pag¢ i

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 A£4RCH2025 Aceounting policies Charity information Christ th¢ Saviour Mon3Sti¢ Twst is a trust in¢oiptsiated in England and Wale5. The registered offiGe is Th¢ Mona51¢ry Cuttinglye Lane, Crawley Down, Crawley, RHIO 4LH. 1.1 Accounting convention The financial ststements have been prepared in ￿CordanCe with the irusi's trust deed the Charities Act ?01 l and Accounting &)d Reporting by CharitEes'. Statement of Recommended Praaice applicable to chariiies preparing their accounts in accordance with the Financial Rcponin(k Standard applicable in the UK and Republic of Ireland IFRS 10?) (effective l Jattuary ?0191". The trust 15 a Public Benefit Entity as defined by FRS 102. The tTUSt has taken advantage of the Provisions in the SORP for Charities apptying FRS 102 Update Bulletin I not to PTepare a Statement of C&h Flow5. The financial statements are prepared in sterlin& whiGh 15 the funGtional currency of the trust. Monetary amounts i these f2nancial stalem¢nts are rLiunded to the neaT￿t £. The trustees are responsible for keeping suffjcient accountsng words that disclose with reasonable accuracy at any time thc flnancial position of the trust and cnablc ihcm to ensure thai ihe financial statemcnts comply with the Charitics Act 2011, the Charity (Accollnts 2nd Reports) Regulations ?008 and the provisions of the trust deed. They are also responstbl¢ for safeguarding th¢ ass¢ts of the trust and h¢n¢¢ for t)kintt r&8soDabl¢ steps for th¢ pr¢v¢ntion and det¢¢tion of fraud and other Irr￿ularitICs. 1.2 Going contern At the time of approvin(p the financial 5t&tcments, the tnjstecs have a rcasonablc expectation that the trust has adequatc re50urce5 to continue ID Operational ¢xist¢nce for the fo￿5¢cable future. Thu5 the trust¢e5 contÉnue to adopt Ihe going ¢on¢em basis of accounting in preparing the fJnan¢Eal statements. IJ Chxritable funds Unrestricted funds are available for use at the discretion of the tTUStee5 in fvrtherance of their ¢haritabl¢ obj¢¢lives. RestTiCted funds are subject to specific condition5 by donors or grantors as to how they may be Lksed. The purposes and USE5 of the restricted funds are set out in the notes to the financial ststements. 1.4 Ineome In¢ome is re¢ogAised when the trust is legally entitled to tt and it 15 probable that income will be received. The principal soijrc¢s of in¢ome are donations. investment income And fvndraising actiwiiaes. Donations are reco(pni5ed &s Eneome when the charity h&8 entitlement to th¢ fvnds. Wh¢r¢ donations are r¢stri¢t¢d. they are a¢count¢d for separately and applied in a¢¢oTdan¢e with dtsnor instruGtions. Dividends from investments are recognised as income when th¢ charity becomes entitled to receive th¢m. Lncome from the sale of books icons, and prayer robes is recognised when the goods are sold. 1.5 Expenditure Liabilities are recogni5ed as expenditure as soon as there 15 a legal or constructive obligation committing the charity to that expenditure, IÉ is probable that a transfer of economic benefits will be required in settl¢ment and the amouni of the obligation can be rne&sured relithly. Expenditure is accounted for on an accruals basis artd has been classified under headinu5 that agJe(Tate all cost related to the category. Where costs ¢4nnoi be direcdy attributed io particular headings they have been allocated to activities on a basis ¢onsisi¢nt with the use of resour¢es. page 6

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 nURCH2025 Atcounting policies (Continued) 1.6 Tangible fixed assets l angible fixed assets are iniiia]ly measured at cosi and subsequently [ne￿u[ed at ¢ost or valuation. of depreciation and any impairment losses. D¢preciation ig recognised so as to write off the cost or valuation of ass￿5 less their residual vA]ues over their useful lives on the following basis.. Fixtures aTrd fittings Computers Library 33010 cost 330/0 on c05t 3) /ty on cost .7 Fsxed asset InvestmerttS Fixed assei investments are initially Tneagured at transaction prite excluding transaction costs, and are subsequently tn&3sureil at fair value at each reporting date. Chan¥es in fair value are recognised in nei in¢om&lexpenditurel for the year. Transaction costs art expensed a5 in¢urr¢d. IJ C95h and cash equivalents Cash and cash equivalents include cash in haEJd, deposits held at call with banks. other short-tem) liquid invcstments with original maturities of three months or les%, and bank Dverdrafts. Bank overdrafts are shown wilhin borrowing5 En urrent liabjlities. 1.9 Taxation Th¢ trust is ¢x¢mpt from tax on its charitable a¢tivities. 1.10 Gov¢rn#n¢e costs Governancc costs comprE5e all costs ancurred in the governance of the trusL ThE5e costs include ¢osts r¢lating to the independent examination together with overh¢ads. .11 Charitable artivities Charitable activÉtie5 include the direct Gosts of th¢ activities and related depreti*tion of tangible fjxed assets. Critical accounting estimates and judgerneDts In the application of the twst's ac¢ounting policies. the trustees are requi￿ io make judgements, estimates and assumptions aix)ui the carrytng amount of assets and liabilitie5 that ar¢ not Teadily apparent from other sources. The estimates and associated assumptions aTe based on historical experience 2nd other fac(ors that are considered to b¢ rtlevant. Actual results may diffei from these estimates. The estifflate5 and uNd¢rlying assympiions are reviewed on an ongoing b>sis. Revisions to acco￿n11ng estimates are re¢ognts¢d in the period in which the ¢stimaie is revised wheTe the revision affecis only that period, or in tht peFIDd of the r¢wision and future periods where the revision affects both curreni and future perlods. Key source$ of ertimation un¢¢rtaiDty Investments Valuation of investmenrs ai market value. based on cdculation by the investment fund manager. The inv#tments held are ail shares listed on a [t￿gniSed stwk exchang¢ and have an easily identifiable ￿arket value. pag¢ 7

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R EIVDED 31 MARCH2025 Donatlolis 9nd Iyeies Unréstricted fllnds Restricted fund5 Total Unrestrirted nds Restricted funds Total 202£ 2025 2025 2024 2024 2024 Donations and gifts 937 i.ooo 1.937 226 1.000 Intome from ¢haritable activities Unrestricted fund$ 2025 Unrestricted funds 2024 Ch8ritableA¢tivities Charitable trading 1,097 1.094 Inv¢stmtnts Unrestricted funds RestrAded ds Total Unrestrl¢ted funds RestrlrtÈd funds Total 2025 202S 2025 2024 2024 2024 In¢ome from listed investfflents Intercst Ttceivable 41,075 41,075 168 41,362 41,362 168 115 41.075 168 41,243 41,362 41,477 Raisi￿g funds Unrestricted Uniesthcttd funds funds 2025 2024 radinu costs Pur¢ha5e5 1294 387 Investment manao¢m¢nt 10.388 9.669 11,682 10,056 page 8

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ExpeDditvr¢ charitsble adivitits Charitable Ad2vities 2025 Charitable Attivities 2024 Direct tost5 Computer & priniing costs Subscriptions Website costs Conferences Grants & e4tucational sypport Administration costs 1,938 137 ?57 786 17.500 329 ?51 239 100 5,580 598 20.947 9.361 Share of support and govern9nce costs (see llote 8) GoVern￿ce 7.219 17971 28.166 8.564 Analysis by fund Unr¢blricl¢d funds Restriaed funds 27,051 7.866 698 ?8.166 8,564 Support tosts glloeated to Activiti¢s 2025 2024 Governance costs 17971 Anslysed between.. Charitable Activities 7,?]9 17971 Trustee5 None of the trustees lor any p¢rsons ¢oTrnected with them) received any remun¢ration or benefits from the irusi during the year. io Employees Th¢ average monthly number of employees during the year wa%= 2025 Number 2024 NuThber Tota page 9

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 31 j￿RcH2O25 li Gains #nd 1055es on investments Unresiricted Unrestriettd fuuds funds 2025 2024 Gainsll105sesl arising oft: Revaluation of Investments Sale of investmettts 17.824 94.615 17,3?41 16.206 87,291 12 Tangible fixed ass¢ts Fi.Yture$ artd rittill%S Computers L4brgry Tatal Cost At l April ?0?4 17,013 1?9,561 4.624 151,198 At 31 March 2025 17.013 129.561 4,624 151,198 Depretiation #od impairm¢nt At l April 2024 17.013 1?9,561 4,624 151,198 At 31 March 20?5 17,013 1?9,561 4,624 151,198 Carrying amount At 3 1 March ?0?5 At 31 March ?024 page 10

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE ￿E4R ENDED 31 MARCH2025 13 Fixed asset investments Listed it)vestTnents Cost or valuation At l April 2024 Addition5 Valuation ¢hanges Disposals 1,437,630 l?11,6931 At 31 Ma￿h 2025 1,470,167 CArrying amount At 31 March 2025 ,470,167 At 31 March ?0?4 1.437.630 Historital tost At JI Decemb¢r 9025". £1.[59 746 At 31 Decemb¢r ?024.. £1,066,034 Brewin Dolphin act &s investment advisers io th¢ tnjst. The investments are held to provide investment return and to eneTate funds to support charitable a¢tivitie5. Funds have been inve5tcd in a mjxed portfolÈo of UK investtnents quoted on The London Sioek Exchanoe. At il March ?025 inv¢stments held at 5Tr/0 or more of the market vdue, cotnprisd.. Vanguard Investments Funds ICVC US EQTY IDX: £108,261 14 Debtors 2025 2024 Amounts falling due With1￿ olke year: Other debtors Prepayments and ac¢Ty¢d in¢oTne 310 2,863 488 87 3.173 575 IS Creditors: amounts falling due withln one yeAr 2025 2024 Other creditors A¢¢ruals 89 6,643 8.207 8,?07 6.732 page 11

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 MARCH 2025 16 Restri¢ted funds The restricied fijnds of the chaTity comprÉse the ￿neXpended balances of do]tstion5 and grdnts held on trust subje¢t to specific conditions by donors as ro how they may be used. Al l April 21124 In¢omlMg resou￿¢$ Resources expended At 31 March 2025 ROOT Fir Chlis 2.860 13 1,168 2.873 1,168 Previou5 year: At l April 2023 1￿CoMing resources Resources expended At 31 Marrh 21124 RtTruT Fir Chlis 2,443 13 (6981 13 2,456 16981 Fir Chlis- This fund provides support for th¢ House of Prayer in Scotland. RooT- This fund provides support for a Committee of Religious 17 UDrestrict¢d funds The unrestricted fijnds of the ¢harity comprise the un¢xpended balances of d(mations and gr#Ats which are not subject to specific conditions by donors gran1015 a5 to how they may be used. These includ¢ designated funds which have been ser aside out of unrestTtd¢d funds by the trustees for specific purposes. At J Aprll 2024 Illtoming resources ResouTce5 expended Ggins and At 31 Mareh lo$s¢s 2025 G¢rteral funds 1,509.041 43,109 138.7331 16,206 1.5?9.6?3 Previous year: At l April 2023 Incoming resources Resourees expendtd c￿1n5 and At 31 March losses 2024 General funds 1,396,99) 117,9??) 87,291 1.509,041 p8g¢ l?

CHRIST THE SAVIOUR MONASTIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 NL4RCH2025 18 Aualy$is of net assets between funds Unrt$tricted runds Restricted fuods 2025 Total 2025 2025 At 31 March 2025- Investment5 Curtent as5etsllliabilitiesl 1,470,167 59,456 ,470,I67 ?.9?6 1,5?9.6?3 2,926 1,532,549 Ullrestricted funds 2024 Restricted fund$ 2024 Total 2024 At 31 Marth 2024.. lttvestments Currcnt assetsliiiabtlsiiesl ,437.630 71,411 L.437.630 74.?84 1,509.041 9.873 19 Related party traiis9ctions Lob5wood Limited provides offJ¢e fa¢Elities to the charity. The trustees of the charity are also directors together with others of Lobswood Limited. Duritlg the year rent payments of £nil l?0?4- £? 5001 werc made to l.ob5wood Limited. pagc 13