CARDINAL GLEMP FOUNDATION Charity Registration Number 802147 ANNUAL REPORT AND ACCOUNTS 31 DECEMBER 2023 CARDINAL GIEMP FOUNDATION Chority Registration Number 802147 CONTENTS Legal and administrative information page 2 Tru5tees' Report........................,...........,,.,...........,............,....,..,,,,........,......................... page 3-4 Receipts and Payments Accounts and Statement of Assets................................... . . page 5 Independent Examlnerfs Report page 6 Anrtuol ReportondA¢¢ounts ertded31 Detember2023 PLyye I CARDINAL GLEMP FOUNDATION Chority Registrotion Alumber 802147 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Rev. Canon Krzysztof Kawczynski Rev. Can 8ogdan Kolodziej Mr Jacek Koszalka Rev. Canon Romuald Szczodrowski Mr Christopher Kozlowski REGISTERED / PRINCIPAL OFFICE Polish Catholic Centre 2 Sherwood Rise Nottingham NG7 6JN CHARITY REGISTRATION NUMBER 802147 INDEPENDENT EXAMINER Adam Puzniak 53a Pinner View Harrow HAI 4SQ INVESTMENT MANAGERS Investec Wealth & Investment Limited 30 Gresham Street London EC2V 7QN BANKERS Lloyds Bank plc 19-20 Upper Street London Nl OPJ Annuol Repoir ¢yndAccounr5 cnded310ecember2023 Poge 2 CARDINAL GLEMP FOUNDATION Chority Registr¢7tion Number 802147 TRUSTEES, REPORT The trustees present the statutory report wlth the accounts of the Cardlnal Glemp Foundatlon for the year ended 31 December 2023. Constltution The Cardinal Glemp Foundation is governed by a trust deed dated 22 September 1989. and Is registered under the Charities Att 1993. Charity Registration No. 802147. Principal aims and activltles The princip31 aims and activities of the charlty are., The maintenance of institutlons for the advancement of the Roman Cathollc Religlon,. The assistance of person in need by reason of poverty,. The maintenance and support of missionaries of the Roman Catholic Church who are underthe patronage of Cardinal Glemp,. The maintenance and education In the United Kingdom of Polish students for the Roman Catholi priesthood. Those aim5 and attivities have been serviced by donations and interest from investments. Results forthe year The results forthe year, as detalled on page 5 ofthe accounts, are on: General Purpose Funds Capltal Endowment Funds Long Term Investment The valuation prepared by Inve5tec has been tabulated below: Valuation Valuation At 31.12.2023 At 31.12.2Q22 Capltal Total 789,337 777,253 Accrued Interest Total 337 177 Cash 4,933 2,670 Total 794.607 780,100 AnntsolReport ondAccounts ended31 lknember2023 Poge3 CARDINAL GLEMP FOUNDATION Chorify Registrotion Number 802147 TRUSTEES, REPORT Icontinued Trustees, responslbllitles statement The charity's trustees are responsible for the preparatlon of the accounts. The charity's trustees conslder that an audit is not required for this year under section 144121 of the Charities Act 2011 (the Charities Act) and that an independent examinatlon is needed. The charity is preparing accrued accounts. It IS the responsibllity of the independent examiner to: Examine the accounts under section 145 of the Charlties Act 2011, To follow the procedures lald down In the general Directions given by the Charitv Commisslon (under section 145(511bl of the 2011 Act), and To state whether partlcular matters have come to the Independent examiner's attention. Signed on behalf of the Trustees.. Rev. Canon Trustee yszto Kawczynski Approved by the Trustees on.. 2024 AnnuolRepon ondArcounts ended 31 December2023 Poge 4 CARDINAL GLEMP FOUNDATION Choriry Registrotion Number 802147 RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2023 Vear ended 31 Oecembtr 2023 General Capital Purposes Endtswment Incomo Fund5 Funds Year ended 31 DetÈmber 2022 General Capital Purposes Endowment Incorne Funds Funds Recelpts Valuntary sources- Donations Interest from Investments fransfers Sundry Credits 14.420 27,296 14,016 24,630 TOTAL RECEiprs 41,716 38.646 Payments rertchoritoble expenditure Catholic In5titution5 Assistance to per50Tr5 In need Stipends to the Priesihotsd -support of missionaries 141,5571 137,7971 12.7241 Otherexpendlturè Printing, Postage, Stationary Bank Cliorges Accountant's fee - Transfers - Sundry Oebits 1171 IsD)I 15001 TOTAL PAYMENTS 42.074 41,021 NETSURPLU5IDEFICIT) FOR THE YEAR 13571 123751 Bank balances at l Janua 2023 31,343 33,718 Bank balaneè5 at 310 embèr 30,986 31.343 Add.. valuation of Investments as prepared by Investec Investment 794,607 78Q,100 Statement olAssetsat 31.11.23 13571 794.607 41.12.22 123751 780,100 The above Receipts and Payments account and Statement ofAssets for the year ended 31 December 2023 was approved and signed by the Trustees on ..2024 Rev. Canon K. Kawczynski Mr Jacek Koszalka AnnuolReport ondAccounts ended3J December2023 Poge 5 CARDINAL GLEMP FOUNDATION Charity Regi5trL7tion Number 802147 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARDINAL GLEMP FOUNDATION I report on the accounts of the Foundation forthe yearended 31 December 2023, which are set out on page 5. Basis of Independent Examlnerfs report The Independent examination was carried out In accordance with general Directions given by the Charity Commls5ion. An examination includes a review of the accovntlng records kept by the charity and a comparison of the accounts presented wlth those records. It also Includes consideratlon of any unusual itern5 or disclosures in the accounts and seekSng explanations from the trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent Examlnerfs Statement In connection with the examination, no matter has come to the attention of the independent examiner (other than that disclosed below): ii) which gives the Independent examiner reasonable cause to believe that in, any material respect, the requirements.. to keep accountlng records In accordance with sertlon 130 of the 2011 Act and sectlon 4411)(al of the 2CI)5 Act and ReBulatlon 4 of the 2IXJ6 Accounts Regulations and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 and sectlon 44 Illlbl of the 2005 Act and Regulation 8 0* the 2￿6ACcOUnt5 Regulatlons Att have not been met; or 12) to whlch the independent examlnerfs attention should be drawn In orderto enable a proper understandlng of the accounts to be reached. Independent examinerfs slgna Ch Adim Puznlak (FCCA) ered Certified Accountant 53a Pinner View Harrtr* HA1 4SQ YF)75 ? 5 644 881 AnnualReportundAccounts ende(i 31 cember2023 P¢79e6