Apostolate of the Faith Annual Report and Unaudited Financial Statements for the flnanclal year ended 1 February 2025 Nlall Smlth Accountancy Servlces Ltd 3 Forkhill Business Park Forkhlll Newry Co. Down BT35 9SG Northern Ireland Charity Number: XR12505 Apostolate of the Faith CONTENTS Page Reference and Administrative Information Objects of the association Trustee's Report Statement of Trustee's Responslbilities Ind&pendent Examiner's R8POrt Statement of Financial Activlties Balance Sheet Notes to the FinancI81 Statements 10-12 Apostolate of the Faith REFERENCE AND ADMINISTRATIVE INFORMATION Trustee Colm Prlce Majella McAteer IAppoinled 11 November 2025) Aidan Blaney (Appointed 11 November 20251 Chalrper$on Mr Tom Jennlng8 Charlty Number In Northern Iroland XR12505 Prlnclpal Addr990 2 Harmony H8lghts Newry Co. Down BT34 2AE Northern Ireland Ind•p8nd•nl Examlnar Nlall Smith Accountancy Services Ltd 3 Forkhill 8u$ine$s Park Forkhill Newry Co. Down BT35 9SG Northern Ireland Prlnclpal Banker8 Bank of Ireland 12 Tr8vor Hill Newry Co. Down 8T34 1DN Northern Ireland Apostolate of the Faith OBJECTS OF THE ASSOCIATION for the financial year ended 1 Febnjary 2025 1. Th8 objects of the associallon shall be to advance the Roman Cathollc rellgion by.. a. Observing Roman Catholic tradition and spiritual values as praclised prior to Vatican 11 times. b. The provision of support, including financial support of priests who are liturgically compelenl for.. The celebration of the Tridentine Rile of Mass. il. Th8 promotion and preachlng of orthodox Catholic thaology, ethics and pr8¢tises. 111. Rellgious who support and augment the duties of these prlests. 2, IN FURTHERANCE OF THE A80VE OBJECTS THE TRUST MAY securg 8 permanent and sullable bullding where: a. The Tridentine Ritg of Mass can be celgbr8ted. b. Orthodox Cathollc prea¢hlng, leaching and practlses can be taught, Tom J6nnlng8 Chalrparsori Maj Trustee McAte•r Dats: 11 Novombar 2025 Apostolate of the Faith TRUSTEE'S REPORT for the financial year ended 1 Feb￿ary 2025 The trustee PT8S8nts his Trustee's Report and the unaudited financial statemenls for the financial year ended 1 Fobruary 2025. The financial statements are prepared In acGordance wlth the Charltles Act (Northern Ireland) 2008, FRS 102 "The Flnanclal Reporting Stsndard applScable In the UK and Republlc of Ireland. and Accounllng and Reportlng by Charities.. Statement of Recommended Practlce applScable to charlties preparSng their flnancial statements in accordance with th? Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021. The Trust&e'8 R8POrt contgins th& information requir&d to be provldèd Sn the Truste8'8 Annual Report under Ihe Stalem8nl of Recommended PT8cllce {SORPI guldelines. The trustee of Ihe charlty are a180 ch8rlly trustees for the purpose of charlly law and under the charity's constitution are Known as members of Ihe board of Iruste8s. In this report the trustee of Apostolate of the FaSth present a summary of its purpos&, governance, actSvitles, chievemenls and finances for the financlal year 1 February 2025. The chaTIty Is a reglslered ohartly and although not obliged lo comply wllh the Statement of R8commended Practice applicable in the UK and Republic of Ir8land FRS 102, the organisalion has imp16m&nlèd Ils r8comm8ndalions wh8r8 relev8nl In these financlal statements. Prlnclpal Actlvlty Th8 obl8cls of th8 association shall be to adv8nce the Roman Catholic religion. Fln8nclal Rovlew The r68ults for the financlal ye8r are Set out on page 8 and addSllonal noles ar8 provlded showlng Income and exp8nditura in greater detail. Resulls and Dlvldendj Al the end of the ftnancial year the ch8rlty has assals of £171,551 12024 - £170,991) and IlabllSlles of £30312024 £3031. The nel assets of the charlly have in¢rea$od by £560. In a¢cordan¢e wllh the Constllullon, the Iruslea retlr& by rolallon and, belng ellglble, offer them88lves for re-electlon. Compllance wlth S8¢tor-Wldo Leg181atlon and Standard8 The charity Ongagès pro-gctivoly with 19gislation, standards and codes whlch are developed for the sector. Apostolate of the Falth subscrib89 to and Is ¢ompllant wllh the followlng.. The Chailt185 SORP IFRS 1021 Approv8d by tho Bgard of Tru8tg98 on 11 Novombor 2025 and slgnfrd on Its behalf by: Mr Tom J8nnlng Chalrp•r$on Majella Trusteè cAtoer Apostolate of the Falth STATEMENT OF TRUSTEE'S RESPONSIBILITIES for the financial year ended 1 February 2025 The trustee Is responsible for prèparing the financial stat8menls in accordance with applicable law and regulalions. The law applSeable lo charities in Northern Ireland requires the trustee lo prepare financial statements for each financial year which give a true and fair view of the assets, liabilitias and financial position of the charity as at the financial year end dat8 and of the surplus or deficit of the charlly and olhefwise ¢omply with the Charilles Act {Northern Irelandl 2008. In preparing these financial statements, the trustee Is required lo., seleat suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make ludgements and aecounling esllmates that are reasonable and prudent., state whether th8 financi81 st8temenls have been prepared in accordance wilh applicable accounting standards. identify those standards, and not8 the effect and th8 r&asons for any maleriFJl d&parture from thos8 standards,. and prepar6 the financial statements on the going concern basis unless it18 Inappropriate to prgsume that the charity will continue in operation. Th6 trust88 confirms that he has Complied with the above requirements in preparing the financial statements. The trustee Is r88pon8lble for keeping adequate accountlng records that are suffl¢l8nl to Show and explaln the charlty's transactlons and dlsclos8 Wlth reasonabl8 a¢¢uracy al any Ilme the fir)an¢lal posltion of the charity an enable them to 8nsur8 that th8 flnanclal slat8rnenls comply wlth the Ch8riti88 Act (Northem Ireland) 2008. He is also responsible for saf&guardlng thè as581s of thg charity and henc9 for taking reasonable Steps for the prevenlSon and dèt8cllon of fraud and other Irregularltles. Approv8d by th8 Board of Trustees on 11 Novembor 2025 and slgnod on Ils behalf by: Mr Tom Jennlng8 Chalrp8rion Malella Truste• cAtoer Apostolate of the Faith INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF APOSTOLATE OF THE FAITH We have examined the financial Statements of the charity for the financial year ended 1 February 2025, which comprise the Statement of Flnancial Activities, the Balance Sh8el and Ihe related noles. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. Our work has been undertaken so that we might compile the linancial statement5 that we have been engagèd lo complle, report lo the Board of Trustees that we have done so, and slate those matters that we have agreed lo slate to them in this report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibllily lo anyone othor than tha charity and the charity's members, as a body, for our work, or for this report. Rosp8¢tlve responslbllltlas of Iru8t8e and axamlner The charlly's Irus1685 Is responsiblo foT the preparallon of the flnanclal statements In accordance with the requlremènts of the CharllS85 Act (Northern Ireland) 2008. Thè charSly's trustee consldeT that an audll is nol required for this financial year undor tho Charities Act (Northern Ireland) 2008 and that an independenl 8xaminalion 18 requlred. It Is our r8sponslblllty to.. èxaminé the financlal stal8m6nls under section 65 of the Charities Act- follow tho procgdurgs lald down by the genèral Dlrections glvèn by thè Charlty Commlsslon for Northern Ireland under se¢lion 6519llbl Of the Charllles Act., and stale whelher partlcular m8tters have come lo our attenllon. Ba8lJ of Indopendent examlner's report We have examlned your charity financial 8lalemenls as required under section 65 of the Charilles Act and our examln8tlon was carrled out In accordance with the general Directions given by the Charity Commi8sion for Northern Ireland under sectlon 65(9llbl of tho Charltles Act. An examlnallon Includes a revlew of the accountlng records kept by the charity and a comparison of the financial slatèm&nls prosented wlth those records. 11 also Includes conslderallon of any unusual items or dlsclosur6s In th6 financlal stalèmenls and seeklng 8xplanations from the Irusteo concarning any such mallers. Tha procedures undertakon do not provlde all tho 8vld&nc8 that would ba required in an audit and consequently no opinion is given a8 to whether the accounts pres8nl e 'lrue and fair, vlew and the report is litnited lo those matters set out In the slalemenl below. In connècllon wllh our examln81ion. no mgtter has come to our attentlon whl¢h gives us cause to b8llev8 that In, any material respect.. accounting records wore not kept in accordance wllh 58Gtion 63 of the Charitles Act Ihe 1Snancial ststernent5 do not accord with Ih05e accounting records the flnanclal slalements have not been prepared In accordance wlth the Statement of Recommended Pracllce applicable to charities preparlng Ih8ir accounts in accordance wllh tho Flnancial Reporting Standard applic8ble in th8 UK and R6publlc of Ireland IFRS1021 Ihore is lurthor infofmalion needod for a proper underslandirsg of the accounts lo be reach6d. lThd8p8nd8nt examlnerfs statement We have no concerns and have come across no other matters In connection wllh the @xamlnatlon to which attentlon Should be drawn in this raport in order to enable a proper und8rslandlng of the financlal slalemenls lo be reachgd. JJ s~ NIALL SMITH ACCOUNTANCY SERVICES LTD 3 Forkhill Business Park Forkhill Newry Co. Down BT35 9SG Northem Ireland Date: 11 November 2025 Apostolate of the Faith STATEMENT OF FINANCIAL ACTIVITIES for the financial year 8nded 1 February 2025 Unreslricted Funds 2025 Total Unrestricted Funds Funds 2025 2024 Total Funds 2024 Notes Incomo Donations and legacies Oth8r Income 517 406 517 406 665 165 665 165 Total Incomo 923 923 830 830 Expendlturo Charitable activlties 363 363 920 920 Net In¢om•llaxpandltur•) 560 560 (goi 1901 Transfers between fund8 Nat mov•m&nt In funds for tho flnanclal year 560 560 (901 (901 Roconclllatlon of funds: Total funds beglnning of the year 170,688 170,688 170,778 170.778 Total fund8 at the ond of tha year 171.248 171.248 170,688 170.688 The Slalement of FSnanclal Acllvllles Includes all g8lns and loss&s recognlsed In the flnanclal year. All Income and expendlture relate to conllnulng actlvllle8. The notes on pages 10 to 12 form part of the finan￿al statements Ap05tolate of the Faith BALANCE SHEET as at 1 February 2025 2025 2024 Not83 Current Assets Cash at bank and in hand 171,551 170,991 Credltors,. Amounts falllng duo withln oné year 1303) 13031 Net Current Assets 171,248 170,688 Total Assetsloss Current Llabllltles 171,248 170,688 Funds General fund lunre$tri¢tedl 171,248 170,688 Total funds 171,248 170,688 Tho flnancSal statements have been prepared Sn accordance wllh the provlslons appllcable lo companlgs sublecl lo tha small companles, reglma and in accordance wlth FRS 102 "The Flnancial Reporting Sland8rd applicablè In the UK and Republlc of Ireland applylng Section 1A of that Standard. Approvad by th8 Board of Tru•to08 and authorl8od for Issue on 11 Novombor 2025 and 8lgn8d on It8 behalf by Mr Tom Jennlng Chalrp8rson Malgl Trustee MGAtgor The notss pages 10 to 12 form part of the finan￿al 5tatefftents Apostolate of the Faith NOTES TO THE FINANCIAL STATEMENTS for Ihe finan¢lal year ended 1 February 2025 GENERAL INFORMATION Apostolate of the Faith is a charity incorporated in Northern Ireland. The r8gister8d office of th8 charity Is which is also the principal plac8 of busin888 of tha charity. The financial statements have been presented in Pound {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are Considered material in relation to the charlty's financi81 s18tementg, Ba818 of preparatlon The financial slalements have been prepared on the golng concern basis under the historical ¢osl ¢onv&nlS0n, modified lo include cartain ilams at fair value. The financial slalements have been prepared Sn accordance with th8 Statement of Recommanded Practica ISORP} "Accounting and Reporting by Charities preparing their accounts In 8c¢ordance with the Flnanclal Reporling Standard applicable in Ihg UK and Republic of Ireland FRS 102" applying Section 1 A of that standard. Ag permitted by the Companias Act 2006, the charity has varied the standard forma18 in that act lor the Statement of Flnanc181 Aclivilies and tha Balanco Sheot. Departures from th@ standard formats are to Gomply with the requirenienls of the Charilles SORP and are in compliance with sectlon 4.7, 10.6 and 15.2 of that SORP. Statamont of compll•n¢e The financlal slatoments of tha oharSly for the financial year onded 1 February 2025 hava been prepared on the going concern basls and In aGGordanGe wllh the Slatemgnl of R8commended Pracllce ISORPI "Accounting and Reporting by Charities preparing their accounts in accord8nce with the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland FRS 102. applying Sectlon 1A of that Standard. Fund accountlng Tha following are the categories of funds maintained.. R•8trlct•d funds Restricted funds represent Income recelved which can only be used for partlcular purposes. as specified by tho donors, Such purposas are wlthln tho overall objecllves of the Charity. Unrestrlct8d funds Unrestricted funds ¢onsist of General and Designated fund5. General funds represent amounts whlch are expendable at the dlscretion of the board, in furtherance of the objectives of th8 charity. Designated funds comprise unrestricted funds that th8 board has, at ils discretion, sel aside for partlcular purposes. Th8se dèsbgnalions h8v& an adminlstrallvè purpose only, and do not lègally r8slrlcl th8 board's dlscr8tlon to apply the fund. Income Ineome Is rècognlsed by Incluslon In the Statement of Flnanclal Acllvltles only when the eharlly Is legally 8ntitled to the income, performance condrtions attached to th& itemlsl of income have been met, the amounts involved can b8 m6asur8d with sufficlenl rellabillty and It Is probable that the income will be receiv8d by the charlty. Incorne from charltable actlvltlès Income from charitable activities Includ8 Income earned from the supply of services under contractual arrang9menls and from performance related grants which have conditions that speclfy Ihe provision of particular seNlces lo be provided by the charity. Income from goveTnmenl and other co-funders is recognised when the charity is legally enlilled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advanco, its recognition is deferred and included In cr8ditors. Where 8nlitlement occurs before income is received, il is accrued in debtors. Grants from governments and olher co-funders typically include one of the following types of CDnditions'. PerformanGe based Gonditions.. whereby the Gharily is Gontractually entitled to fL(nding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meets'ng the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor. as income. 10 conllnue Apostolate of the Faith NOTES TO THE FINANCIAL STATEMENTS for the financial year 8nded 1 February 2025 -T5me based condltlons.. whereby the charily Is contractually enlltled to fundlng on the conditlon that It Is utlllsed in a particular period. In these cases the charily recognises the income to the extent it is utilised within the period specified in the agreement. In tho absence of such conditions, assumlng that receipt is probable and the amount can be reliably measured, granl Income Is recognlsed once the charfty Is notlfied of entillement. Grants rgceived towards capital expenditure are credlted to the Statement of Financial Activities when re¢eived or receivable, whichever Is eartier. Exp•ndlturo Expenditure is analysèd behvaèn costs of ch8ri18bl8 attivlli8s and raising funds. The Costs of each 8ctivlty are separately accumulat8d and dlsclosed, and analysed according to their major components. ExpenditUTe Is re¢ognlsod whon a legal or constructive obligation exists as a result of a post event, a transfer of economlc benefits is requlred In settlement and the amount of the obligallon can be rellably measured. Support costs are those functions that asslst thè work of the charlly bul cannot bè attributèd to one aetivity. Such costs ar8 allocat8d to actlvllles In proportlon lo staff tlme spent OT Other sultable measure for each aGtivlty, Cash at bank and In hand Cash al bank and In hand comprls88 cash on dgposlt at banks requlrlng less than three months nollce of wllhdrawal. Taxatlon and dèfèrred taxatlon No ¢urrenl or deferred taxation arlses as the charity h85 been granted charllable 8xemplion. Irfecover8ble valued added lax is expensed as Incurred. D8ferr8d lax Is racognlsèd in réspèet of all Ilming dlff8r8rbCO5 thAI hav0 orlglnated but not r8v8rs8d at the balanc8 sh88t dale whor8 Iran&actions OT evgnls hav8 occurred al that dal8 that will result In an obligation lo pay more lax in the future, or a right to pay less tax in the future. Tlming dlfferences are temporary dlfferences tse￿een the charlty's taxable proflts and Ils results as stated In the financlal slalements. D8f8rred tax is measured on an undiscounled basis at th8 lax rates that ar8 anlicipaled lo apply in the periods In whlch the Ilming dlff&rènces ar6 expected to revèrse, based on tax ralos and laws that have been enacted or sub8tanllvely enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unr8strlcted Restrl¢ted Funds Fund• 2025 2024 Donation8 and legacles 517 517 665 OTHER INCOME Unrostrlctod R•strl¢t¢d Funds Funds 2025 2024 Other incom& 406 406 165 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Expendituré on charitable activites 363 363 920 INVESTMENT AND OTHER INCOME 2025 2024 Bank inlerest 406 165 11 continued Apostolate of the Faith NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 1 February 2025 CREDITORS Amounts lalllng due withln one year 2025 2024 Accruals and deferrad in¢omo 303 303 RESERVES 2025 2024 Al the beglnnlng of Ihe year Surplusl{Dèflcill for the financlal year 170,688 560 170,778 1901 At the end of the year 171,248 170,888 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlctod Fund# Total Fund• Al 2 F8bruary 2023 Mov8menl durlng the financlal year 170,778 1901 170,778 1901 Al 1 February 2024 Mov8ment durlng the flnancial year 170,688 560 170,688 560 Al 1 Fèbruary 2025 171.248 171,248 ANALYSIS OF MOVEMENTS ON FUNDS Balancg 2 Fébruary 2024 Incomo Expendltur• Transfér• bètween fund• Balanc• 1 February 2025 Unr0Strlctod funds Unreslrlcled General 170,688 923 363 171,248 Total funds 170.688 923 363 171,248 ANALYSIS OF NET ASSETS BY FUND Current as8Ots Current Ilabllltlos Total Unrestrlctèd general funds 171.551 1303) 171,248 171,551 1303) 171,248 POST4ALANCE SHEET EVENTS There hav8 been no significant ev8nts aff8cling tho Charity since the financial year-end. 12