Registrt¢d Charlty N￿Mb¢r, 1043158
Report of the Trustees and
Unaudited Financial Statements for the Period ended
3 IS( March 2021 for
The St George Educational Trust
Hugh Williams
HWBTS
20 Barra Close
Highworth
Wilts. SN67HX

The St George Educational Trust
Contents of the Financial Statements
For the year ended 31" March 2021
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
General infollnation
Accounting wlicies
Income from donations and legacies
Expenses on charitable activities
4.a Expenditure by activities
4.b Analysis of support costs
Independent examiner's remuneration
Trustees, remuneration and expenses
Tangible fixed assets
Debtors
Creditors
10. Loans
Statement of fimd8
12
12
12
12
13
13
13
13

The St George Educational Trust
Reference and Administrative Details of the Trns( its Trustees and
Advisers
For the Period ended 31°, March 202 1
Trustees:
M. Fishwick
P. N3coletti
T. Grey
Charity Registered
Number
1043158
Registered Office:
225 Andover House
George Yard
Andover
Hampshire
SPIO IPB
Independent Examlner:
Hugh Williams
20 Barra Close
Highworth
Wilts
SN6 7HX

The St George Educational Trust
Trustees, Report for the Period ended 31" March 2021
l. Introductory
The trustees present their annual repx)rt together with the fmancial statements of
The Saint George Educational Trust for the period ended 31" March 2021. The
annual report serves the purposes of a Trustees, Report under charity law. The
trustees confirni that the Annual Report and financial statements of the
charitable company comply with the requirements of the charitable trust's
governing document and the provisions of the Statement of Recommcnded
Practice Statement (SORP) applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard in the UK and Republic of
Ireland (FRS 102) effective 1° January 2019.
2. Objectlves and Actlvitles
. Summary of the purposes of the Charity as set out in its governing
document
To promote the traditional Catholic Faith and to provide the means and facilities
for its study. propagation and practice, especially in its social dimensions
relating to civil society:
In setting objectives and planning for activities. the trustres have given due
consideration to the general guidance published by the Charity Commission
relating to public benefit.
b. Summary of the main activities in relation to those purposes for the
public benefit, in particular the activities, projects or services identified in
the accounts
During this reporting period the trust concluded the successful sale of a property
bequeathed to it some years ago.
The Trust was pleased to be able to provide grants to Catholic associations and
individuals for a variety of religious purposes, including the development of
home-school programmes, pro-life work, book publishing and Sacred Chant.
The trust was also pleased to be able to provide a small grant to a family in need
of help with funeral expenses for a young father of many children who died
suddenly and unexpectedly.

The St George Educational Trust
. Statement confirniing whether the trustees have had regard to the
guidance issued by the Charity Commi&8ioD on public benefit.
Having regard to the guidance issued by the Charity Commission in relation to
public benefit, grants totalling £87.767, including costs were provided to
associations of Christian faithful and priests whose activities are in keeping with
the aims and objectives of the Trust.
3. AchievemeDts and PerformaDce
Summary of the main achlevements of the charity, identifying the
difference the charity's work has made to the circumstances of its wider
beneficiaries and any wider benefits to society as a whole.
In summary, the Trn￿t is pleased to have been able to help with the provision
and development of educational frameworks for both Catholic and general
leaming in home-school environments. This undoubtedly helps students
appreciate the value of solid Christian and classical education which prepares
young people for their role in civil society.
The Trust is also pleased to have been able to help with an exciting cultural
project which aims to w)pularise sacred chant for enjoyment by a much wider
audience than might nomially be expected. The trustees believe that good
spirttually uplifting music that can appeal to a wider range of people is a
powerful way of hclping to change people's lives for the better.
4. Financial Review
. Review of the charity's financial position rdt the end of the period.
The trustees are pleased to report that with a successfvl conclusion to the sale of
a bequeathed property the Trust is now in a healthy financial position. Although
officially valued at £700,000 the trustees managed to sell the propety for
£800,000, realising a net surplus of £71,740. The Trust will now be able to
reinvest the great bulk of money from the proceeds of the sale by purchasing a
suitable property from which the Trust can pursue its objectives, especially in
regard to the reception of the Christian Sacraments, spiritual retreats and study
facilities.
During this reporting period the Trust has continued to raise large amounts of
donaiions by working with British bas¢d for¢ign Gommuniti¢s for furth¢r

The St George Educational Trust
projects in their own county. As well as helping develop community relations
within the UK, this project based co-operation is of financial help to the Trust,
as it is able to benefit from a certain proportion of Gift Aid monies from
donations provided by foreign nationals who live and work in the UK.
b. Going Concern
After making appropriate enquirie& the Trustees have a re&sonable expectation
that the company has adequate resources to continue in operation for the
for¢s¢eable future. For this reason they continue to adopt the going concern
basis in preparing the financial statements. Further details regarding the
adoption of the going concern basis can be found in the accounting policies.
c. Reserves Policy
Reserves in the financial statements at the end of the financial period were
£683,885 (2020 - £670,689). All reserves represent unrestricted and restricted
funds, when applicable, and are held:
In furtherance of the charity's objectives in the short tenns
To provide funds which can be designated to specific projects to enable
these projects to be undertaken at short notice,
To cover administration, fund-rdising and support costs, without which
the charity could not function.
d. Delayed submission of aceounts
It should be noted that the filing of these accounts is considerably overdue for
reasons thal the trustees were unable to avoid. This delay was caused by H M
Revenue and Customs (HMRC) deciding to investigate the affairs of the trust
and removing all of the trust's financial records for more than eighteen months.
These records have recently been returned to the trustees, with no apparent
cause for complaint by HMRC about the activities of. or record keeping by, the
trustees, and this return has. at last, enabled the preparation of these accounts,
albeit many months late.
5. Structure, Government and Management
. Constitution
The St Gcor8e Educational TTh￿t is resistered 29 a charitable trust 2nd was set
up by a trust deed.

The St George Educational Trust
b. Method of appointment or election of Trustees
The trustees are responsible for preparing the trustees, report and the financial
statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom and Generally Accepted Accounting Practice).
Charity Law requires the trustees to prepare fmancial statements for each
financial year or period. Under charity law the trustees must not approve the
financial statements unless they are satisfied that they give a true and fair view
of the stste of affairs of the company and of its incoming resources and
application of resources. including its income and expenditure for that period. In
preparing these financial statements the trustees are required to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles of the Charities SORP (FRS 102).
Make judgements and accounting estimates that are reasonable and
prudent.
State whether applicable UK Accounting Standards (FRS K 02) have been
followed, subject to any material departures disclosed and explained in
thc accounting statements.
Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are
suffjcient to show and explain the trust's transactions and disclose with
reasonable accuracy at any time the financial position of the company and
enabl¢ them to ensure that the financial statements comply with the Charity
Law. They are also responsible for safeguarding the assets of the trust and hence
for taking reasonable steps for the prevention and detection of fraud and other
]￿egular1ties.
Approved by order of the members of the Board of Trustees and signed on their
behalf by:
Michael Fishwick,
Date 16
io

The St George Educational Trust
Independent Examiner*s Report
For the Year ended 31" March 2021
Independent Examiner's Report to the Trustees of The St George
Educational Trust (The Trust)
I report to the charity trustees on my examination of the accounts of the
company for the period ended 31" March 2021.
Responsibilities and basis of the Report
As the trustees of the trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charity Law.
Having satisfied myself that the accounts of the t￿￿t are not required to be
audited and are eligible for independent examination. I report in respect of my
examination of the company's accounts carried out under Section 145 of the
Charities Act 2011 (the 2011 Act). In carrying out my examinatton I have
followed the directions given by the Charity Commission under Section 145(5)
of the 201 l Act.
Independent Examiner's Statement
I have completed my examination. I can confinn that no matters have Come to
my attention in connection with the examination giving me cause to believe:
l. Accounting records were not kept in respect of the company as required
by Charity Law; or
2. The accounts do not accord with those records. or
3. The accounts have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice (SORP) for
accounting and reporting by charities.
While I have no concerns as to the meticulous way in which the accounts have
been kept, I have been unable to verify the balance held in the PayPal account at
the year end, namely £3,088 which is included in the figure of cash at bank in
the balance sheet. I have come across no other matters in connection with the
examination, to which attention should be drawn in this report in order to enable
a proper understanding of the accounts to be reached.
This report is made solely to the company's trustees, in accordance with Part 4
of the Charities (Accounts and Reports) Regulations 2008. My work has been
undertaken so that I might state to the company's trustees those matters I am
required to state to them in an independent examiner's report and for no other
purpose. To the fullest extent pern]itt¢d by law I do not accept or assume
responsibility to anyone other than the trust and its trustees as a body, for my
work or for this report.
Signed
Hugh Williams, 20 Barra Close. Highworth. Wilts, SN6 7HX
Dated

The St George Educational Trust
Statement of Financial Activities Uncorporating Income and Expenditure
Account) for the Period ended 31" March 2021
Restricted I
Unrestricted Endownent
Funds
Funds
2021
2021
Total
Funds
2021
Total
Funds
2020
Note
Income from:
Donations
Other Charitable Act]￿ltIeS
Total Income
69,243
71,740
140,983
0 69.243
0 71,740
0 140,983
239.487
15,000
254,487
Expenditure on:
Charitable Activities
Total Expenditure
l27,787
127.787
0 127,787 255,132
0 127.787
255,132
Net Movement in Funds
13.196
0 13,196
(645)
Reconcfi15ation of Funds
Total funds brought forward
Movernent in funds per above
Total Funds carried fornrd
670,689
13,196
683,885
0 670,689
13.196
0 683.885
671,334
645
670,689
The Statement of Financial Activities includes all gains and losses recognised in
the year.
The notes on pages 9-13 forni part of these fmancial statements.

The St George Educational Trust
Balance Sheet as at 3111 March 2021
2021
2020
Note
Fixed Assets
Tangible Assets
1,000
700,000
Current Assets
Debtors
C&sh at bank
76,661
637,916
714,577
1,065
1,065
Current Liabilities
Creditors, amounts
falling due within one
year
1,000)
500
Net Current Assets
713,577
565
Less Liabilities falling due after one year
Loans
10
TotAI Net Assets
30.692
£683,885
29.876
£670.689
Charity Funds
Unrestricted Funds
683,885
£683,885
670,689
£670.689
The Charity was entitled to exemption from audit and the trustees have not
required the Trust obtsin an audit.
The trustees acknowledge their responsibilities for complying with the
requirements of the Act with respect to accounting records and the preparation
of financial statements.
The financial statements were approved and authorised for issue by the trustees
and signed on their behalf by:
M. Fi5hwick
Date 76
The notes on pages 9-13 fonn part of these financial statements.
LO
ZCZ?

The St George Educational T￿￿t
Iyotes to the FiDancial Statements for the period ended 31" March 2021
l. General InformatlOD
The St George Educational Trust is a charity, registered in England and Wales.
The charity registered number and registered oifices can be found on page l.
The presentation currency of the financial stal¢ments is the Pound Sterling (£).
2. Accounting Polieies
a. Basis of Preparation of Financial Statements
Thc financial statements havc been pr¢par¢d in accordance with Charities Sotip
(FRS 102) accounting and reporting by charities: Slalement of r¢commcndcd
accounting prdLlice applicable to charities prcpuring th¢ir accounts in accordance
with the Financial and RqK)rting Standard applicabl¢ in the UK and the Republic
of Ireland {FRS 102) and thc Compani¢s Act 2006.
Th¢ St G¢orge Educational Trust meets the definition of a public benefit entity,
undcr FRS 102. Assets and liabilities are 0￿1Cla11Y recognised at historical cosl or
transaction valuc unless otherwise staled in the rclevanl accounting polic),.
b. CritlC21 ateounting judgements and key sources of estimation uncertainty
Management makes estimates and assumplions conc¢rnin8 thc future. 'fh¢
rcsuliing arrounling estimalcs and &ssumptions by definilion scldom cqual the
related aclual results. 'I'here ar¢ no ¢StImatL￿ and as¥umptions that have significant
risk ol" causing material adjustment to the carrying amounts of assets and
liabilitics within the next financial pcriod.
Income
All income is recognised once the company has entitlemcnt to the incomc, it is
prvbable ihe income will be received and the amount of income receivablc can be
measurcd reliably.
d. Expenditure
F.xpenditure is r¢cogni8ed oncc thcre is a Icgal and constructive obligatlOD to
tr￿S1¢r ¢¢onomic benefjt to a third party, it is probable that a transfer of cconomic
benefits will k required in settlement and the amount of the obligation Can bc
mcasur¢d r¢liably. Expenditure is classifi¢d by activity. The costs of each activity
are made up of the totsl of direct costs and shared costs, including support costs in
undertaking each activity. Direct costs attributabl¢ to a singl¢ activity arc
allocatcd to that a¥livity. Sharcd costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned
betwe¢n those activities on a basi5 consistent with the uy¢ of resources.
Interest Receivable
Int¢r¢st on tunds held on deposit is included when ￿¢¢iVable and the amount can
be measured reliably by the company. This is normally upon notification of the
intCT¢St paid or payablc by the institution with whom the funds arc deposit¢d.
f. Taxation
The charity is cxctnpt from UK tax on its charitable activities.
g. Tangible Fixed Assets and Depreciation
Tangible fixed as5¢ts arc LdPiti*liscd rccognised when futur¢ cconomi
benefits are probable and the cost or valu¢ of the asset can b¢ M￿SUred reliably.
Tangible fixed assets are inÈtially recognised at cosL After recognition, under the

The St George Educational Trust
Notes to the Financial Statements for the Period ended 31" March 2021
(Continued)
cost modcl, tangiblc fixcd ass¢ts are measur¢d at cost less accumulated
depreciation and any accumulated impairnient losses. All costs incurred to bring a
tangible fixed assel into its intended working condition should be included in th¢
measurement cost.
Depreciation, where appropriatc. is charged so as to allocate the cost of tangible
fixed assets l¢ss thL'ir residual value ov¢r their cstimat¢d useful livcs. D¢pr¢Liation
is provided on the following basis: Plant and Machinery: 250/0 Reducing balance
basis.
b. Deblors
Trade and other debtors arc r¢cognised at the settlement amount after any trade
discount offered. Prcpaymcnts are valued at the amount prepaid net of any trade
discounts due.
Cash Ydt Bank and in Hand
Cash at bank and in hand includ¢s cash and short-t¢rni highly liquid invcstments
with a short maturity of three months or less from the date of acquisition or
opening of the deposii or similar acLounl.
Liabilities and Provisions
Liabilities arc recognised when there is an obligation at the balance sh¢et date as a
result of a past event. it is probable that a transfcr of ¢conomic benefit will b¢
requir¢d in settl¢m¢nL and the amount of the scttlement Can be estimated reliably,
Liabilities arc rccognised at the amount that ihe company anticipatcs it will pay to
settl¥ th¢ debt or the amounl it has receivcd as advanc¢d payment for goods or
serviccs it must provtd¢.
Provisions are measured at the best estimate of thc amounts r¢quired to sell1¢ the
obligation. Whcrc th¢ ¢ffect of thc time value of money is mat¢rial, the provision
is based on th¢ present value of those amounts. discounted at th¢ pre-tax discount
rate that rcflects the risks specific lo the liability. I"he unwinding ofthe discount is
recognis¢d in the statemcnt of financial acliviti¢s as a fmance cost.
k FinaneiAI Instruments
The company only has financial assets and fmancial liabilities of a kind that
qualify as basic financial instruments. Basic financial instruments are inilially
recognised at transaction value and subsequently measured at their seltlcm¢nt
value with thL exception of bank loans. whcn appliublc. which are subs¢qucntly
measured at amortised cost using the effective instrument method.
L Pensions
Thc charity has no Cmployees and does not operate a defmed Contribution pension
scheme.
Fund Aecounting
Gcncral funds are unrestricted funds which are available for use at the discretion
of the trustecs in furtherance of th¢ gencral objextivcs of th¢ company and which
havc not bcfjn d¢Jignat¢d for other purpos¢$.
io

The St George Educational Trust
Notes to the Financial Statements for the Period ended 31, March 2021
(Continued)
Restricted funds, should they become appropriate for thc charity, will be funds
which are to be used in accordance with specific restriclions imposcd by donors or
which have been raised by the company for particular purposcs. The costs ot.
raising and administering such funds would be charged against the specific fund.
The charity currently holds no ￿striCted funds but, when held, the aim and use of
each r¢strict¢d fund is set out in the notes to the financial statemenls.
3 Income from
Donations and other ineome
Ih￿CstrIcted R¢stri¢led
Funds
Funds
2021
2021
Total
Funds
2021
Totsl
Funds
2020
Donations
sU￿lUs from property sale
Fee earned
69,243
71,740
69,243
71,740
239,487
15,000
254,487
140.983
140.983
TotaL8 2020
254,487
254.487
4. Expenditure on Charitable Aetivities
Unrestrict¢d Restricled
Funds
Funds
2021
2021
Total
Funds
2021
Tolal
Funds
2020
Resources expendcd
127 787
127,787 255 132
Total 2020
255,132
255.132
4.a Analysis of Eipenditllre by Activities
Support
costs
2021
Total
funds
2021
Total
Direct Costs
2021
2020
Resources expended
87,767
40,020
127,787
255.132
Total 2020
237,399
17,733
255.132

The St George Educational Trust
$t
Notes to the Financial Statements for the Period ended 31 March 2021
(Continued)
4.b Analysis of Support Costs
Charitable
Activities
2021
Total
Funds
2021
Total
Funds
2020
Legal fccs
Reli￿Ou$ items
Bank charges
Security of property
Rcpairs and r¢p]acements
Accountancy
Sundry
1,500
1,673
1,493
34,022
464
500
368
40,020
1.500
1.673
1,493
34,022
464
500
368
40.020
8.309
1,728
1,240
5,726
500
230
S. Independent Examiner's Remuneration
The indLpcndent ¢xaminer s remun¢ralion amounts to an independent examiner fee of
£500. (2020 £500.)
6. Trustees Remunerntion and Expenses
During the ycar no trusl¢e recetved any remuneration or other bencfils (202[￿ £Nil).
During the year no trustees. expenses have been incurred (2020 - £Nil.)
7. Tangible Fixed Assets
Fr¢ehold
Property
Other
In￿￿Slment
Total
Cost or valuation
3 1st March 2020
Purchases (sales) during the period
3 1st March 2021
700,000
700.000
700,000
69C).(11}I)
1,000
1,000
1,000
Depre¢iotion
31st March 2020
Charge for the year
3 1st MarLh 2021
Net Book Value
3 1st March 2020
3 Ibt MarLh 2021
700.000
700.000
1,000
1.000
12

The St George Educational Trust
st
Notes to the Financial Statements for the Period ended 31 March 2021
(Continued)
8. Debtors
2021
2020
Loans granted for Catholic charitable purposes less sums repaid
76,661
9. Creditors: amounts falling due Ivithin one year
2021
2020
Trade Creditors - Accountancy
1,000
1.000
500
500
10. Loans (Creditors.
Amounts Falllng due after more than one year)
2021
2020
M. Fishwick
A Rowland
30,692
24,876
5.000
l i. Statement of Funds (UDrestri¢t¢d)
Statement of FuDds -
Current Period
Balance at
30th March
2020
Balance at
3 1st March
2021
Income
Expenditure
Unrestricted Funds
General tiinds
670,689
140,983
127,787
683 885
Stydtement of Funds -
Prior Year
Balance at
30th March
2019
Balan¢¢ at
30th March 2020
Incomc
Expenditu
Unrestricted Funds
General funds
671,334
254.487
255 132
670,689
13