**MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE)** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 OCTOBER 2025** **Registered number : 02741092** **MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025** ## **DIRECTORS** The Revd Prebendary Dr Brian Leathard (Chairman) Canon Iain F. Paton (Secretary) Very Reverend Geoffrey Marshall Reverend Kevin Dunne Prebendary Rosemia Brown Mr Stuart Lynch Mr Roger Stoakley Mr Andrew Webster Mrs Joanna Spalding Mr Alistair McCabe Mrs Natalie Nahhas ## **SECRETARY** Canon Iain F Paton ## **REGISTERED OFFICE** 12 Wyatt Drive LONDON SW13 8AA ## **COMPANY NUMBER** 02741092 **REGISTERED CHARITY NUMBER** 1020058 **BANKERS** Santander Business Banking, Bootle, Merseyside, L30 4GB ## **REPORTING ACCOUNTANT** Michael Howell FIAB 83 Watchouse Road Galleywood Chelmsford Essex CM2 8LT Page 1 MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 CONTENTS Pages 3104 Directors. report Accounlanl's report Statement of financial activities Balance sheet 8t09 Notes lo the Accounts Page 2 ## **MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31 OCTOBER 2025** ## **Directors** Directors who served during the year were as follows: The Revd Prebendary Dr Brian Leathard - Chair Canon Iain F. Paton Very Reverend Geoffrey Marshall Reverend Kevin Dunne Prebendary Rosemia Brown Mr Stuart Lynch Mr Roger Stoakley Mr Andrew Webster Mrs Joanna Spalding Mr Alistair McCabe Mrs Natalie Nahhas (resigned 8 September 2025) The Directors present their annual report and financial statements of the charity for the year ended 31 October 2025 ## **Principal Activities** The objects of the Company are to advance religion by furthering education in the lands pilgrims visit and to relieve poverty, sickness and distress in these areas. In shaping the charity’s objectives and planning its activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit. ## **Review of the year** The directors are pleased to report another solid year of grant giving despite the ongoing political crisis in Gaza and the West Bank. It has been a privilege to support our partner projects in the Holy Land at this time of especial need. This year we maintained our policy of allocating 75% of available funds to two longstanding MET partners: the Jeel al Amal Boys Home in Bethany and the Al Shurooq school for the visually disabled in Bethlehem. The other 25% was given in smaller grants to the Bethlehem Arab Society for Rehabilitation, the Jerusalem Princess Basma hospital and further afield Dadhuwa school in Nepal and Dr Graham's Homes in India. A well-supported Christmas appeal funded the distribution of 200 Christmas food parcels to needy families in Bethlehem. We kept administration costs to a minimum and are very grateful for the support of McCabe Pilgrimages for continuing their longstanding support of our work by pledging to cover all of our administration costs, maintaining our commitment to give all money donated in full to the projects we support. We are grateful to our loyal supporters who contribute in so many ways to our work helping us reach this milestone of 34 years of the McCabe Educational Trust and more than £4.5 million pounds given in grants. Page 3 ## **MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE)** ## **DIRECTORS' REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 (cont.)** ## **Management and Administration of the charity** The Trustees place on record their enormous thanks to the staff and good offices of McCabe Pilgrimages for their unwavering financial and practical support of MET which enables the charity to operate with minimal administrative costs. MET has no paid staff. We acknowledge the contribution of Alistair and Lynne McCabe who administer MET on a voluntary basis and our Chair, Company Secretary and Trustees who devote much time to oversight of every aspect of our work. We are especially grateful to our loyal supporters who fund raise, and to our regular financial contributors who together make all of our grant giving possible. ## **Statement of directors’ responsibilities.** Directors are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure account of the charitable company for that period. In preparing those financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. - The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the accounting regulations. For the year ended 31 October 2025 the charity's gross income was between £90,000 and £500,000 and its balance sheet totals did not exceed £2.8 million. Therefore, the directors consider that the company is entitled to partial audit exemption. The Reporting Accountant's report on page 5 contains an audit exemption report as required by Charity Commission Practice Note 11- Audit of Charities in the United Kingdom. **General fund** The Statement of Financial activities for the year shows that on the unrestricted general fund, donations exceeded expenditure by £4,497 for the year. The restricted funds relate to funds administered on behalf of the Jeel al Amal Scholarship Fund where donations exceeded grants by £13,485 Approved by the board of trustees on 10 March 2026 and signed on its behalf by ____________________________________________ Secretary Canon Iain F Paton BD FCIS ## **Registered Office** 12 Wyatt Drive, London SW13 8AA Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MCCABE ED CATI NAL TRUST MPANY LIMITED BY ARANTEE I report on the account5 for the year ended 31 October 2025 Set out on pages 6 to 9. Respectlve responslbllltles of trustees and reportlng accountant A5 described on page 4 the tru5tee5 Iwho are a150 directors of the company for the purpose5 of company lawl re responsible for the preparation of the financial statement5. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It 15 my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow procedures laid down under the general Directions given by the Charity Commission lunder serti(>n 145151 Ibl of the Charities Attl.. and to state whether particular matters have come to my attention Basis of independent èxaminer's rèport My examination was carried out in accordance with the general Dirertions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters Set out in the statement below. Independent èxaminèr's statement In connection with my examination, no matter has come to my attention- lil which gives me reasonable cause to believe that in any material respect the requirements.. to keep actounting rectsrds in atcordance with section 130 of the Charities Act- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Charities Act have not been met.. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mich3el Howell FIAB 83 Watchouse Road, Galleywood, Chelmsford, Essex CM2 8LT 10 March 2026 Page 5 **MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025** |**Note**
**Income and Expenditure**|**Unrest**
**ricted**|**Rest**|**Total**
**_Total_**| |---|---|---|---| |||**ricted**|**2025**
**_2024_**| ||**Funds**|**Funds**|| ||**£**|**£**|**£**
**_£_**| ||||**215,433**
_190,753_
**193,730**
_179,486_
**3,721**
_4,643_
**197,451**
_184,129_
**17,982**
_6,624_
**17,982**
_6,624_
**(6,430)**
_(4,638)_
**24,412**
_11,262_
**86,027**
_64,730_
**110,439**
_74,765_| |**Incoming Resources**
2|185,616|29,817|| |**Resources Expended**
Direct charitable expenditure
3
Management and administration of the
charity
4|177,398
3,721|16,332
-|| |**Total Resources Expended**|181,119|16,332|| |**Net Incoming Resources before**|||| |**Transfers**|4,497|13,485|| ||||| |**Net Incoming Resources for the year**|4,497|13,485|| |**Other Recognised Gains and Losses**
Gain on revaluation Charifund and interest
received|(6,430)|-|| |**Net Movement in Funds**|10,927|13,485|| |Fund Balances forward at 1 November
2024
**Fund Balances forward at 31 October**|49,466|36,561|| |**2025**|60,393|50,046|| Page 6 **COMPANY REGISTRATION NUMBER 02741092 MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AT 31 OCTOBER 2025** |**Note**
**FIXED ASSETS**
**CURRENT ASSETS**
Investments - M & G Charifund
Cash at bank and in hand
**CREDITORS: Amounts falling due within one**|**2025**
**_2024_**|**2025**
**_2024_**| |---|---|---| ||**£**
**62,047**
**50,672**
**112,719**|**£**
**_£_**| |||| |||_45,830_| |||_41,907_| |||| |||_87,737_| |||| |**year**
5|**2,280**|_1,710_| |||| |**NET CURRENT ASSETS**||**110,439**
_86,027_| |||| |**NET ASSETS**||**110,439**
_86,027_| |**FUNDS**
Unrestricted
Restricted||**60,393**
_49,466_
**50,046**
_36,561_
**110,439**
_86,027_| In approving these financial statements as directors of the company we hereby confirm the following: Directors' responsibilities: **----- Start of picture text -----**
1) The members have not required the company to obtain an audit for the year in question in accordance with section 4
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accoun
**----- End of picture text -----**
Approved by the Board of Trustees on 10 March 2026 and signed on its behalf by: ________________________________________ Canon Iain F Paton Director/Secretary Page 7 **MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2025** ## **1 ACCOUNTING POLICIES** ## **1a. Basis of accounting** The accounts have been prepared under the historical cost convention on the accruals basis and in accordance with the Charities SORP (FRS 102) and applicable accounting standards in the United Kingdom. ## **1b. Allocation of Expenditure** Expenditure has been allocated between the main headings in the Statement of Financial Activities on the basis of the type of activity to which they relate. Income and expenses have not been netted off. ## **2. INCOMING RESOURCES** ||||**Unrest**|**Rest**|**Total**|**Total**|**_Total_**|**_Total_**|**_Total_**| |---|---|---|---|---|---|---|---|---|---| ||||**ricted**|**ricted**|||||| ||||**Funds**|**Funds**|**2025**||**_2024_**||| ||||**£**|**£**||**£**|||**_£_**| ||Donations - Jeel Scholarship||||||||| ||Fund||-|29,817|29,817||_21,146_||| ||Donations received||185,616|-|185,616||_169,607_||| ||||185,616|29,817|215,433||_190,753_||| |**3.**|**DIRECT CHARITABLE EXPENDITURE**||||||||| ||||**Unrest**|**Rest**|**Total**||**_Total_**||| ||||**ricted**|**ricted**|**2025**||**_2024_**||| ||||**£**|**£**||**£**|||**_£_**| ||Grants payable||177,398|-|177,398||_170,702_||| ||Jeel Scholarship fees paid||-|16,332|16,332||_8,784_||| ||||177,398|16,332|193,730||_179,486_||| |**4.**|**MANAGEMENT AND ADMINISTRATION OF THE CHARITY**||||||||| ||||||**2025**||**_2024_**||| |||||||**£**|||**_£_**| ||Accountancy|||||570||_570_|| ||Office costs incl,travel,stationery etc||||1,586||_2,999_||| ||Just Giving charges|||||515||_274_|| ||Bank|charges|||1,050|||_800_|| ||||||3,721||_4,643_||| Page 8 MCCABE EDUCATIONAL TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONT.) FOR THE YEAR ENDED 31 OCTOBER 2025 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals 2,280 1,710 2,280 1,710 6. TRUSTEE REMUNERATION AND EXPENSES No trustee received remuneration during the year12024'. nill. During the year, Iruslee expenses reimbursed were £66512024.. £6001. These expenses related to travel, slalionery and Iruslee meeling costs. 7. RELATED PARTY TRANSACTIONS Mccabe Pilgrimages provides adminislralive support to the charity free of charge. No monetary value has been allributed to this support in the financial statements. Other than as disclosed above, there were no related paty transactions during the year. Page g