Opus Dei Chaiitable Trust TRUSTEES, REPORT AND FINANCIAL STATEMENTS 30 Septeniber 2025 ChaFlty Registration No. 1005860
Opus Dci Charitable Trust F,INANCIAL STATEMf,NTS roi, the yeai. ended 30 S¢pt¢inber 2025 INDEX Page5 ol¢erS and Advisors Tru5tees' Report TTUStees' Responsibilities Independent Examiner's R¢wrt Statetnent of Financial Activities BAlan¢e Sheet Statement of Cash Flows Notes to thc Financial Ststements
Opus Dei Charitable Tiust 01-,riL'ERS AND ADVISORS Page I ADDRESS.. 4 Orine Court London W2 4RL TRUSTEES Dr Sarah Cassidy MLrcedes Zalbidea 8au,%¢in F.velyn Kong (resigned May 2026) Rev Aiidrew Soanc Jack Valero (resigned Jaiiuary 2026) Jvse Maria Blai)co bernaiidez {appointed Jaiiuaiy 2026) Rev Donn¢ha Aibhistiii O hAodhd (appoiiited Januai'y 2026) INDIPENDLNT LXAMINER Sheila Pai'i'y FCCA SPX Oxfurd Ltd 19 Pai'adise Sl Oxford OX I I LD BANKERS CAF Bank 25 King5 14111 Avenue Kings 14111 West Malling Icent ME19 4JQ
Opus Dei Charitable Trust TRUSTEES, REPOIIT Page 2 Tlje tiusiees subniit theEr repoit and tlie finaiicial statements of Opiis Fjei C.haritablc Trust for the yeaT ended 30 Septeinbei. 2025. Opus Dri Charitable Trust is a charitable ti'iist forrned by deed on 2nd October 1991. TIIF. CHARITY'S PRtNCIPAL OBJECTS Thc Charituble Trust's obJeL1VeS are tu furt& the charitable purposes of Opu5 Dei in Grcat Britain and elsewhere. ORCIANISA-I'ION The day to day organisation 15 looked after principally by two of the Trust¢t5 who monitor the Tuniiing of tlie Charity in accor(lan¢e with the agi'eed aims and tieeds.'I'he annual dccouiits, reports and policy are agreed by iht TrLEStees. This work 15 carried oyt on a voluiitary ba51%. The Charity docs iiotown property an(1 its asseis are only tlie bank balances, and it ha5 no further rcscyves. RBSERVFS POI.ICY There is no petty cash a¢bount. The Charity allocates the iiicome T¢ceived from donors to 5UPPOrt dIffellt ventures ij keepijig with its principal objects, Ihe ainouni dcpendiiig on the l¢vel of donation5 obtained in any oiie yeai". Each yeai. the income received is expcnded in furthering the Chatity's objectives and li has no inve51ment%. Its ability to 5UllPOrt different vcntures reli¢s on tlie level of doiiations obtained in any orte year, but it ha5 no specific forward Commiiments or conlTaLtual re4lliremeJits to fulfil fiiianLial obligatlOll5 Aiid as such thcre are no risks involved. The Charity does iiot ¢XPEDd more Lhan it has avaiSabl¢ attd does not go into deficit. RISK MANAGEMENT The trustees have examined the major sti?tegic and opei2tional risks which the Charity far¢s and coi)fir that sysiems are in place to enable regulai. Teports to be produced so that the necessary steps can be taken to lessen these risks. CURRENT YEAR l)onations and legacies in the year amounted to £205,458 compared wilh £210,327 in 2024. Grants of £47.00012024.. £31.000)- were sent to the Coiincils of Opus Dei. An arnouiil uf 169,159 was iii thc bank at 30 September 202512024.. £104,242). Thei'e are no ¢vmmtlm¢ntS Ollt5tandin& and fixed assets. PUBLIC BENEFIT ie'frustees ¢onfiiin tliat iii a¢¢ordancc witli Scctioii 4 of the Chai'itics Aci 2006, they liave duc r¢Bard to thc public benefit 8uidance published by the Charities Conitnissioii. Tliey confirin Ihat the activitic% of tlie Chai'ity arc for the benefit of the publi¢ in uTeiieral. All tlie woi'k for thc Cliai'ity ss doi1¢ wiih()iit chai'gc to the Chai'ity, and lio reinuneiatioii is paid to Ih05e who assist the C.haTlty, excei)t for pric515 who having no other inconie receive a stipend froin the Charity. Thc Charity chaiinels tlie funds that it rec¢ives to assist the 4ttivities of vari0115 chaTlties, Ihrougli thc offi¢¢s ()f thc Councils of Opus Dei. piincipdlly Neiherhall Ldiicational Association and Greygarih Association which Carry oiit extensive work to lielp a wide cross- scction of society, ranEing fi'oni clubs for young p¢i)ple, lioinework centres a5 w¢ll as tci'liai'y level education. The Gliaplains of the ChaTlty give their tini¢ io help tlie diffeirnt activities wh¢never necdcd.
Opus Dei Ch(Iritable Trust TRUSTEES, REPORT Puge 3 RELA TED PAR"rY 'IRANI SACTION8 During Ilie yeaT, the charily [d £5,060 to Rev Andr¢w Soane. a Trustee of the ¢harity, as a stipcnd. This was in line with his previoiis stipend bcforc he becaine a Iru8tee, it has a150 beet] approved by the cl)arity Comniission. Thc cliarity has giv¢ii an interest firc loan to Rev Andrew Soane. of £7,500. This has been included on tlie balancc shcet wiihin debtors and will be Irpaid gjradually over time. GOING CONCERN The triistees con5ideT that there are no matei'ial unc¢rtAinties as to the Charity's ability to continue as 80ing concern.
Opus Dei Charitable Trust TRUSTEES, RESPONSIBIL'fiES Page 4 1.he irustees acknowledg¢ that it 15 tlieir respon%ibility to ptrpare slateinellls of a¢¢ount for eacli financial ycar which give a tTUC and fair view of the state of 12ffairs of the ¢harity dnd of its IncotniTig i'esoiirces and application of re%ources for that period. In prepaTing these financial slat¢tDettts, the trustees reqiiircd to.. Select suitable a¢¢ounting policies aIid then apply them consistently. lake judgements and estiiiial¢s that reasonable and prudcnt. Prewdre the financial statemettts in accordan¢¢ with the methods and principle5 Set out in the Statement of RecoTnmeiid¢d Practice Accounting and RcpoTting by Charities and to state wheihei. or not thc acrounls have bcen prepared in accordance wilh tha( slalemeiit and applicable accounting standards. Prepare financial statements on the goiiig concern basis unles5 it is inappropriate to prc5UTne that thc charity will coiitiiiue in op¢ration, The Trustees are re5pon5ibl¢ for kceping proper accounting recol8 whi¢h are sufrcl¢llt tts show a]id explain th¢ ¢harity's transactions and to disclose with reasonable ac¥'uracy at any time the fanCIal posttion of tlic Foundati(>n, and to enable them to ensure ih3t Jiiy stalemeiils of atcoiiiit coniply with the requiremet]ts of the Charity Act 2011. They are also re5PDiisible for safeguarding the assets i)f the chaTIty and taking reasonable sieps for tlie preventi(>n and detection of fr2ud and othci. Irregulai'ities. The Ti'u5te¢5 believe the Fiiiancial Slatcment5 foT the yeai. endcd 30 S¢piember 2025 have been prepared in accordance with thc abovc responsibilities. ed on bchalf of ilie Trustee5'. e.. 117126
Opus Dei Chai"itable Trusl INDLPENDENT EXAMINER'S RE,PORT TO THE TRUSTEES Page 5 I report on the accounts of the Trust for (lie year ended 30 September 2025, wliicli are set out tsn pages 6 to 10. Respollsibilities aiid ha.%is of i'epoi't As the charity's tru5tee5 you are responsible for the preparation of the accounts in accordance with the requirements of the Cliarities Acl 2011 (the Act). I report sn respect of my examination of your Charily's accounts as carricd out UFLd¢r section 145 ofthe Act and in carrying out Iny examination I have followed the DiTe¢tions given by thc Charity Commission under section 14515) (b) of the 2011 Act. Independent ¢38miner'8 5tatemellt Since the chatity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act, I confirin that l aiii qualified to iindcr18kc the examination be¢ausc l am a membei. of the in5tiliite of Chaitered Associatioji of Ccrtified A¢countant%, which is one of the listed bodies. I have complcted my examination. I confirin Ihai no matie13 have cotne to niy attention in conneclioii with the examination giving me CaSe to believe that itt any niaterial I'espect.. Accountitig ircords were not kept in respect of the charity as required by section 130 of the Aci. or 2. The a¢counts do nat accord with those re¢oi'ds; or thc accounts do not ¢omply with the appli¢able requirements coiicerning the form and content of the accoiints set oui in Ihe Charilies lacLounls and R¢portl Regiilations 2008 other than any requiremtllt tlial tlie ac¢oiints give a true aiid fair v5ew whi¢h is not a matter considered as part of dn independent exaniiiiation. I have no coiic¢ms and have comc aciDss no other mètters iji connection with the examination to which attention shoiild be di'awn in iliis report in ordei. to tnable a proper understanding of thE aGcounts to be rea¢hed. Shcila PaiTy FCCA PX Oxford Ltd 19 Paiadise St Oxford OXI ILD DA'fE..
Opus Dei Charitable Trust S'I'ATEMF,NT OF F.INANCIAL ACTIVITIF.S for tlie ear end¢d 30 Se teinbei. 2025 role Genei'al Resriicied Ttiral FiiKd 2025 202¥ tNTCOME Dondtions Iiiconie from Charitable AclivLties l.cgacies Interc5t 265.458 15,241 265.458 15,241 28,497 181.830 2.601 212928 1.067 281.766 1.067 281 766 EXPENDITURE Grants: Coiin¢il% of Opu.% Dei Expenses of the Counci15 of Opus De Priest Lourse5 and costs Salarie5 Stipcnds Administrative costs Pi'ofes5ional Costs 47,000 46,868 17.098 50.780 60,¥63 7,951 47.000 46.868 17,098 50,780 60,863 7.951 25,629 256,189 31,000 32.135 1.216 50,544 20.276 5,364 26,573 167.108 256,189 SurplusllDefi¢it) Of In¢oine over Expenditiire Transferred to Ac¢uniulated Fund 25,577 25,577 45.820 Actumulatcd fund brought forward ACCUMULATED FUND (:ARRII-.D FORWARD ID8.167 108,167 62.347 133.744 133 744 108 167
Opus Dei Charitable Ti'ust BAI,ANCI., SI IF.ET for tlic yeai. elided 30 September 2025 Poge 7 Noies 2025 2024 CURRENT ASSETS Deblors 65,185 69,159 134,344 4,525 104,242 08,767 Cash al bank and in hand CLIIIRfNT LTABILITIES AccTuals 1600} 133,744 16001 108.167 NET ASSETS ACCUMULATED FUND GENERAL FUND AI I OLtvber 2024 surplu(DcritIiI for the year Trnnsfer betWn funds 108,167 25.577 62,347 45.820 133,744 I08,167 RESTlllC'fcD FIJND At l Ociobcr 2024 Transfcr between funds 133,744 108,167 Approved by the Trustees on l-Lkn4 fly Ti'u5tec 117126
Opus Dei Charitable Trust STATF.MENT OF CASH FLOW foi. Ilic ycai. ¢nded 30 Scpteinber 2025 Puge 8 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES NET tNCOMEIIEXPENDITURE) 25,577 45,820 Cliffiiges 111 Trade 2nd other debtors 'rrade and other eiEditors Cash g¢nerated f1M operations 60,660 10.175 6,690 49.305 35,083 Nel iiicrertJe/(deereose) iii cftsli otridcasli é4uiviileii15 35,083 49,305 Ca511 oiid co.Fli eqiiivAleiils ul Ilie begiiinEiig oJyear 104,242 54,937 Cusli oiid LÉiJli eqiiivttlÉiils at ihe eiid ofyeor 104.242
Opus Dei Charitable Trust NOTES TO THE. ACCOUN'rs for the year cnded 30 £¢ptcmber 2025 PL7gc 9 I STATC4 MEIYT COMPLIANC.E These financTal %tal¢mcnls have bc¢n prcparcd in Compliance with FRS 102, Thc Financial Reporting Siandard appltcablc in the UK and the Republic of Ircland., thc St&letn¥ni of Recominended Praclice appli¢able to charitics prcparing their dLcounts in aceordaiice willi tlie Financial Reportittg Siaiidard appli¢abl¢ in ihe UK and Republic of Iirland (FRS 1021 Ichai'ities SOIiP IFRS 1021) 4nd the Cliaritics Act 2011. 2 ACCOUN'I'INC. POI.ICIP.S The financial 8latements are PiEpared un(fer the histori¢91 Cost convention and in a¢¢ordanee with the Statement of Recoinmended Praclice. Accuunling and Reporting by Charilies ISOIIP 2019} and applicable accouiiting slaiidards. Tlie following accoiinting policie5 have beeii used tonsistcntly in dealing with it¢ms which are cotjsidered rnaterial in relatioii to thc financial statemeiit5. INC.OME Gcneral dollations 8re brought into account when r¥Leived and are grossed up to include the tax recoverable. EXPENDITURL Expeiiditiir¢ is classified linder the principal GategoTi¢S of ¢haritable amd othcr expenditure raiher than thc typc of expens¢s in orderto producc more useful infomialion to useis of tlie Financial Siaiements. UNRESTIUCTED FUNDS These funds are available for projects of the charity, to be spetit at the discretion of th¢ ti'ustees RF.s'fRIC.TED FUNDS Restrictcd fvlld% air Inonies available for Specific PToje¢ts being ¢arried out by the cliarity and are subject to specific condition5 laid down by the donors as lo how they may be used. Any subject ill restricted fund5 will be met froin the genei?I fund. 3 DEB'I'OIIS 2024 2024 HM Revetiue and Custom5 (gift aid) Interest free loans given 51,685 13,500 4,525 4,525 4 LIABILITIEI S 2025 2024 Independent Examiner's Fee 600 600 600 600