REGISTERED COMPANY NUMBER: 01837288 (England and Wales)

REGISTERED CHARITY NUMBER: 327580

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

AVE MARIA SAN DAMIANO ASSOCIATION(THE)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

10

TRUSTEES

A Vethanayagam

C Hulme

S Fernando

J M De Saa

REGISTERED OFFICE

RG19 Orbit Business Centre

Merthyr Tydfil

CF48 1DL

PRINCIPAL ADDRESS

19 Parkview Road

Addiscombe

Croydon

CR0 7DF

REGISTERED COMPANY NUMBER

01837288 (England and Wales)

REGISTERED CHARITY NUMBER

327580

BANKERS

NatWest Bank

ACCOUNTANTS

Baker Knoyle Accountancy Limited

Chartered Accountants

Orbit Business Centre

Merthyr Tydfil CF48 1DL

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The trustee report includes the directors' report as required by company law.

The Directors do not have any beneficial interest in the capital of the Association, as the company is limited by guarantee and not having a share capital

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's principal activity is to advance to Christian Religion for the public benefit, by spreading the message of apparitions and of the Virgin Mary from time to time seen at San Damiano, Italy.

Each year a pilgrimage is organised by the Charity and they travel down to San Damiano, Italy.

Public benefit

The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity.

Volunteers

At present there are no volunteers helping the Charity, however their role and contribution has been assessed.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

A Pilgrimage took place during the year to advance their Christian Religion and to spread the message of apparitions and the Virgin Mary.

FINANCIAL REVIEW

Financial position

The current Statement of Financial Activities and its reserve positions is shown in the attached notes to these financial statements.

The charity does not have a policy of reserve levels.

At the end of the year the charity had £79,360 free reserves (2024: £78,651). The trustees are aiming to actively promote more annual pilgrimages including more mini pilgrimages to other shrines near to the San Damiano area. The trustees want to bring more awareness to San Damiano and promote Our Lady of the Roses messages to Mama Rosa. To action this the trustees are proposing to start publishing her messages, distributing pamphlets and information leaflets as much as possible by post or by getting involved with local churches and similar organisations.

FUTURE PLANS

Trustee's intend to use current available funds to carry on the charity aims and objectives; provide a spiritual leader on the pilgrimages such as a Priest to accompany the pilgrims, donate some funds to the like minded association of Ospiosa Della Rosa as many pilgrims for over 30 years have benefited from the shrine and their association; and finally to promote awareness of their faith as much as possible using different avenues such as newsletter, distribute pamphlets and pilgrimages etc.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Ave Maria San Damiano (The)'s governing documents are its Memorandum and Articles of Association (Dated 1st May 1984).

Recruitment and appointment of new trustees

Should the need for new Trustees arise the current Trustees consider the knowledge and experience required and approach suitably qualified candidates accordingly.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 1 October 2025 and signed on its behalf by:

A Vethanayagam - Trustee

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

50

Investment income

2

2,446

6

Total

2,446

56

EXPENDITURE ON

Charitable activities

3

Pilgrimage

1,737

1,203

NET INCOME/(EXPENDITURE)

709

(1,147

)

RECONCILIATION OF FUNDS

Total funds brought forward

78,651

79,798

TOTAL FUNDS CARRIED FORWARD

79,360

78,651

2025

2024

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

79,990

79,251

CREDITORS

Amounts falling due within one year

7

(630

)

(600

)

NET CURRENT ASSETS

79,360

78,651

TOTAL ASSETS LESS CURRENT LIABILITIES

79,360

78,651

NET ASSETS

79,360

78,651

FUNDS

8

Unrestricted funds

79,360

78,651

TOTAL FUNDS

79,360

78,651

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 1 October 2025 and were signed on its behalf by:

A Vethanayagam - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The organisation is a private company limited by guarantee and a registered charity.

The company and charity are both registered in England and Wales.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The following specific policies are applied:

Voluntary income received by way of grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.

Deferred Income. Income or grants received in advance are held as deferred income and carried

forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.

Gifts in Kind are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. The quantifiable benefit is shown as both incoming and expended resources within the appropriate funds Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate.

The value of services provided by volunteers is not quantified.

Legacy income is included on the earlier of receipt of the legacy or the date of approval of a distribution.

Investment income is included when receivable.

Trading Income is recognised when earned.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them.

All expenditure is allocated between the categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned between categories on a basis that fairly reflects their usage.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are those unrestricted funds set aside for a specific purpose by the Board.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,446

6

3.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 4)

Totals

£

£

£

Pilgrimage

1,107

630

1,737

4.	SUPPORT COSTS

Governance

costs

£

Pilgrimage

630

Support costs, included in the above, are as follows:

2025

2024

Total

Pilgrimage

activities

£

£

Accountancy fees

630

528

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

50

Investment income

6

Total

56

EXPENDITURE ON

Charitable activities

Pilgrimage

1,203

NET INCOME/(EXPENDITURE)

(1,147

)

RECONCILIATION OF FUNDS

Total funds brought forward

79,798

TOTAL FUNDS CARRIED FORWARD

78,651

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

630

600

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

78,651

709

79,360

TOTAL FUNDS

78,651

709

79,360

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,446

(1,737

)

709

TOTAL FUNDS

2,446

(1,737

)

709

Comparatives for movement in funds

Net

movement

At

At 1/4/23

in funds

31/3/24

£

£

£

Unrestricted funds

General fund

79,798

(1,147

)

78,651

TOTAL FUNDS

79,798

(1,147

)

78,651

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

56

(1,203

)

(1,147

)

TOTAL FUNDS

56

(1,203

)

(1,147

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1/4/23

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

79,798

(438

)

79,360

TOTAL FUNDS

79,798

(438

)

79,360

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,502

(2,940

)

(438

)

TOTAL FUNDS

2,502

(2,940

)

(438

)

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Board of Trustees.