Unaudited Reports and Financial Statements For fv yr eThJwl 31 Marc* 2023 St. Philomena's Carshalton Charitable Trust Charity Numbèr: 10S2868 Comp•ny Number: 03077439
St. Philomena's Carshalton Charitable Trust Contents Chority inforniation Trustees. report Independent examiner's report Siatement of financial 1vItIeS Balance sh¢¢t Not io ihe financial statements
St. Philomena's Carshalton CharStable Trust Charity inforniation The trustees present iheir annual rep)rt and the 4udiicd finaNial of St Philomena's Cwshalton Charitable Tr%1 ('Ih¢ Tn.) for the year ended 31 March 2023. REFERENCE AND ADMIJYISTRATION IIYFORMATIO]Y Ch¥4rity St Philomena's CaTshalton ChaTitable Tn1 Charity registration number Company reElStration number 1052868 03077439 Trystets Dr. M. Howard Ms M. Mrs J Kulka Mr P. Brulbury S¢¢Tet8ry Mj Kulka R¢gi4t¢red offiet St. Philomena's Catholic High School for Gir15 Shorts Ro1 Carshalion Surrey SM5 3PS BaDk¢rs N&ional Westmtnster Bank plc 27 Woo(kote Ro1 Wallinglon Surrey SM6 OLN Lloyds Bank Faryners House 25 Monument Strecl IndOn EC3R 8BQ The CO-oper1Ve Bank l Balloon Street mancheer M4 4BE IDdependenee examiner UHY Ha¢k¢r Young Thames House Roman Squa Sittingb)urne Kent. MEIO 4BJ
St. Philomena's Carshalton Charitable Trust Trustees, report For the year ended 31 March 2023 The Trustees present their Tru5ttts' Rep)rt and Innual rcw)rt in xY(Ydantt wilh the special provisions of Part 15 10 the Cornpanies Aci 2006 relating to small ¢ompbni¢%. opplirabl¢ UK accounting siaThJ8rds lincludin8 Financial R¢w)rting Siandard 102), the Chariiies A¢1 2011 and Charity SORP IFRS 1021. and th¢ Articles and MemOralum of A55ociaiion. Strneture, GoveTnp¢e nd M•n*%em¢nt Th¢ zoverning Ins¢rym¢ffj¢ St. Philomena'5 Carshalton Charitable Tn is an inc¥)TpJrated chaTity limited by guaranlx The dI(lOTS of th¢ company aTe ihe inLsiees for the puryxis¢s of the Chariiics Act. Trus¢tts appointed and ¢lected in accordanc¢ with the Memorandum and Articles of Associ70n. Orginlsaik)nal st¢1 The truslee5 med ihree limes a year to revicw inLy)me and pr(y)sals for expendilure. A trusiee and the s¢¢reiary deal with d8y-io-d&y CorresndenCe and adm1nistrntl and ftts are pHid for bc#)kkeepin8 and accountancy. Trnslees The Iruslees holding oifi¢¢ during the year and up to the date of this Try are: Dr M. HowaTd. BDS Ms M. Nlle Bsc (Hons) MBA Mrs J. Kulka MBA (Otth) Mr P. BThlbury Reernltment and #ppointment of irustee The initial trustees were apw)inted by the gov18 irfjtrumcnl. bul all of ihe CUTrenl trustees, were appoinied by a lull0 of lh¢ inthees Psed at 8 meeting of ihe trustees. Future inleeS may appointed by a re501ulion of the Iru51ees passed at a meeting of the tru¢¢% Trnstee Induclion traiDing Ead) year ihe ITtte$ are keo infornKd of develOts in the ch&rity stttor. The collective expertis¢ of lh¢ Tru$ie¢s in ihe fields ofeducation. law and tnjst administration, will ir supplementoj when it bexomes necessary.
St. Philomena's Carshalton Charltable Trust Trustees. report (contfnued) For the year ended 31 March 2023 StThetsre, Governance Management (eontinued) Sttemen¢ ofTrnstees' resportslblll¢les Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a tnK and fair view of the Trusi's financial aciivitio during the year and ofils financial position at the end of the year. In pretwing th¢ finan¢i41 ststun¢nts giving true and fair view. the Trusle¢s should follow knt prnclice and.. sele¢1 5uilable a¢counting wTrlicies aThJ then apply them consisiently; make judgements and estimates that are reasonable and pjent. state wheiher applT¢able a¢¢ountinE stsndards have ien follow1. subiecl to any rnaleriai departures disclosed and explained in ihe financial st#lements- and prepare the finala1 statemenls on the going eonc¢rn bosis unle55 il is inappropriaie lo presume that ihe tnjst will Contin in oixrntion. The tru51ees are resp)n$ible for k¢epin8 a¢o)unling ¥d$ which disclose with reasonable accuracy the financial wsition of ihe Tt and which enable Ihem to ensure thai the financial stst¢m¢nts )mply with ihe Chariiies A¢t. They are also rcsw)nsible for safeguarding the assets of the Trust and hence for taking rwonable Meps for ihe prevention a] detection of fraud and oiher iTregularities. They a required lo apply lh¢ funds of ihe Tl with wmplete fairness to mttt the objecls of th¢ TnJ51. IDYes¢m¢nl policy Apart from ihe leasehold tlIding let to the School for a Tntsiee5 aim io maximi5e the interest earned on the Trust's Lth resources. Rik Min•gemen¢ Thc Trusices have &ssessed the major risks whidb the Tn is eXF in particular th0 relating to the operniions and finaw of Tnrt 9Th1 aff 1SfIed 5y51ems #re in plxe to mitigate their exw5ure lo the major risks. ObJe¢tfves The obje¢l of the Charity. w Ihe articles is- The Jvanccm¢ni of the Roman Caiholic Religion and the advancement of education in the Roman Catholic tradilion and in particular (b withoui wejudice lo the generality of the foregoing) the provisions of educalional facilities in School5. The trusiee5 CUTr¢nily di iheiT Supp in advAnccmeni of these objects towards St Philomena'5 Roman Catholic High Sch1 for Girls. {'th¢ S¢h(KTrl'). A¢¢iviile¥ Durin8 the year the Trust h&$ made various coniribu¢iw& iowaTds the Sthool'5 capital Bnd revenue expenditure, amounting to £14.64812022- £132.781).
St. Philomena's Carshalton Charitsble Trust
Trustees, report {continued)
For the year ended 31 March 2023
Publlc bentf
The Tne¢S confirm that they have complied with the duty in slI0n 17 of ihe Charitie5 Aci 201110
have due regard io the Charity Commission'5 general guidance on Public Ben¢fit. The TTUSI'S
operations enhan¢e ihe ¢du¢ationAI f8¢ilili¢s that the S¢hool is able lo offff ILS pupils.
Achlevements •Dd perform#D¢t
During ihe yvdr the Trust has continued to raise funds frnm Fwcnts of the pupi15 in Ihe School, and
earn Intere on ihe monies held on
St. Philomena'8 Carshalton Charitable Trust Independent Examiner's Report for the year ended 31 March 2023 Independent Examiner'j Rep)rt to the Trustees of SL Pbllomenl's Cr5hlton Chrltgble Tnt (the 'eompaDy') I r¢rt to the charity in¢¢5 on my examination of ihe of the company for Ihe year ended 31 Mawh 2023. This rert is mth solely io ih¢ COMP5 tru5tcc& % a W. in xcordance with Part 4 of the Chariti¢s IA¢counls and Report51 Regul10n5 2008. My work has been undertaken so ihai I might Mte to the company's irusiees ihose matters l am required lo siale io them in an 11thndent examinerf5 rert and for no other PUrF¢. To lh¢ fullest extcnt pemiitted by law. I do noi a¢¢¢pi OT Ume re5FsibIlI¢Y lo anyone other than the ¢ompany and the company's Irusltts as a body, for my work or for this rert. Responsibilities nd B4$1$ of Report As ihe trustees of the company (and its directors for ihc purwises of company law) you are sponsible for the dtion of the accounts in $KrdanCe wilh (he ruIreMents ofthe ComF4ni¢s Act 2006 (Ihe 21)06 Aci,). Having satisfied myself th ih¢ accounts of the company aye nol required io k audited under Part 16 of ihe 2fM16 Act and are eligible for in[kMIen1 examination. I r¢wrt in re5rKcl of my examination of the company's a¢¢ounls (arried oul und¢r section 145 of ihe Charities Act 2011 (Ihe 2011 Acf.). In carrying oul my examination I have followed ih¢ Directions given by the Charity Commission unts s¢ction 145(5Xb) of ihe 201 l Act. Independent Ex#mln¢rfs SttemeMt I have completed my examinlOn. I can (y)nfimi that no matter5 have me lo my attention in COnlI0n wilh th¢ examination giving me cause to believ¢: ar¢ounlin8 records were not kept tn rtstttt of the ¢omFw)y as required by sertion 386 of th¢ 2006 Ad; or 2. th¢ accounts do not accord with those record5; or the accoun15 do not comply with th¢ accouniing requirements of 5eaion 396 of the 2006 Aci other thjn any requirem¢nt that the accounts give a'true and fairf view whi¢h 1$ not a matter considered &8 Pgrt of an indHxndenl examination- or thc accounis have not been preFwed in xcordance with the mcihod5 and principles of lh¢ Stai¢m¢nt of Recomm¢nded Practice for accounting and reporting by Charilies lapplicable to charities preparin8 their accounts in xcordance with the Financial Rerting Sthndard applicable in th¢ UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other mall¢rs in c4)nnection with ihe ¢xamination lo which allenlion should be drawn in this repyt in order io ¢nable a proper undu5tsnding of the COllnts lo be reached. Signed: D&k: 28 November 2023 Allan Hickie BS¢ PCA UHY Hacker Youn8 Thames House. Romn Square Sittin¥bourne Kent. MEIO 4BJ
St. Philomena's Carshalton Charftable Trust Statsment of financial activities For the year ended 31 March 2023 2023 Tolal Funds 2022 Total Funds ND¢e3 (All (All luirITled) ltscome from: Donations Building Fund Resources Funds 157.125 30 163.499 140 157.155 23 163,639 27 Investments Tot*1 in¢omt 157,178 163,666 Expenditure on: Charitable a¢tivities 48,645 163.146 Total exptndlture 48.645 163,146 IY¢¢ ineome 108.533 520 Tota] funds al l April 2022 626.781 626.261 Total funds at 31 March 2023 735.314 626,781 All inwme and eXpeIlluTe derives from conlinuing xtivili Ther¢ are no r¢cognisvJ gains or loss¢s otlw than thos¢ included aknY¢. The notcs on ge5 8 to I I form w of ihese financial sthiements.
St. Philomena's Carshalton Charitable Trust Balance sheet as at 31 March 2023 2023 2022 Notes Flxed assets Tangible fix¢d assets ITI.751 184,S88 Current 4sset5 Deknors C&8h at bank and in hand 22.869 544.464 83.932 368,107 567J33 452.039 Credltors- Amounts falllrtg dye witbi year (9,770> {9.846) Net rurr¢t 557,563 442.193 Total assets less current Ilablllilcs 735.314 626.781 The fuTrds ofthe ehrity Unrestricted income funds 735.314 626.781 Tot1 ehrlty ftsnds 735.314 626,781 These financial statements are preparoj in accoTdantt with tlK Sla] provisions relating io sma]I companies within Part 15 of the Companies Act 2006. The Inte¢S consider that the company is entitled io exemplion from th¢ requir¢Tnenl to have an audit under the provisions of stttion 477 of the Companie5 Act 20061-the Act-) and membcr5 have Noi required the ompany io oaIn #udii for ihe year in quesiion in aLrordance with section 476 of the A¢i. The trusiees a¢knowl¢dg¢ their responsibililie5 for complyin8 Wlth the requirements of the Comwii¢s A 2006 with res1 to accounting records and the preparation of finan¢ial Sialements. Approved by the Board ofTTu5tees on........ ....................1.3. arrfl sIj on tls h8]rbY . Ms M. Noone. Truske Date Mr P. Bradbury. Tn1¢¢ 21-11-Z3...Da¢, The notes on page5 8 to I I fo of these financial staiement&
St. Philomena's Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2023 Chritble ststus taxatio The company (herein referred to as 'the Trum.) is a 81¢1 charity. limiioj by guarantee and does not have a share p1¢. The comrffjny is Incorted within England and Wale& A¢royDtint polleles The finarKial slalements are in XXOrd with A¢¢ounling and R¢porting by Charities: Sialement of Re¢omm¢nded Practi¢e applicable to charities prerAring their aUnts in accordanc¢ wilh the Financial Rewrting Sthndard applicable in ihe UK aNI Republic of Ireland (FRS 1021. th¢ Financial Reporting Standar(l aFpli¢able in th¢ UK and Rybltc of lffland IFRS 102) the Ch8Tities Ad 2011. and ihe Companies Acl 2006. They are drnwn up on the hi01 alxouniing b1$. The charity meets the definition of a public benefil eiiiity FRS 1tr2. Inlome tkjnations are credited to incom¢ when received. Recoverable income tsx 15 includryj wilh the donation to which it relates. Any irKome tax which has 51111 to recovered ai the period end is recognised as a debtOT. Intere is Tea)gniSl when Te1vabl¢. CAPit•lisatlon of tapgibl¢ filed ssets #thd depr¢¢ltlo Purchases OrngIble fix¢d assds are capitalised where theiT Useful life extend5 oveT mort than one yegr. Depreciation is calculated to wrile off ihc c051 le55 e51imated sidual value of fix¢d assets on straight-line Eo5i5 over their esiimaied useful lives. The only tan8ible fixed assets carritrj on the Balance sh¢¢¢ relate lo imrKovements to leasehold property. A lease wa5 grnnied io the Trust in February 1998 by th¢ Congregation of the Daughters of the Cros5 of Liege for cia55room5 on the fiTSt ond second floors of ihe main school buildings, and this is due to in 2047. The costs capitalised &% Im[0vement lo leasehold propefiy ar¢ d¢pr¢¢ialed over Ih¢ir estimat1 useful liv4 deemed to be the uXpIrj term of l¢as¢. ¢Nding in 2047. 2J Expendlture Charitsble expeThliture comprises ih05e costs incurred by the ¢hariiy in lh¢ d¢liv¢ry of ils a¢iiviti¢s. 11 tludeS b)th Lxjsis that can b¢ allocaied directly io such activities and Ih05e costs of an indirect nature essary io support ihem. Grants payable arc rccognisryj wn ihe grant has been awarded, and any conditions attached have been L$fIj or fall 0side the charity's control. Governance costs inclwje those costs a$Sl81¢d with mttting the constitutional statutory requirements of the charity and irKlud¢ audit fe¢s costs linked to the strategic managemenl of ihe charity. All wsts are alliK•t¢d tttween the expthlItu r*e8orics of ihe Siaiemeni ofFinan¢ial Aclivilie5 on a b&srs desi8n¢d to reflect the use ofihe T¢¢¢. All ex)dItUre is inclusive ofirrecoverabl¢ VAT.
St. Philomena's Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2023 Fund 4¢¢0untlnt All funds gr¢ held as generdl unrestricted funds which are available for L¢ the discretion ofthe Trustees in furtherance of the genernl ObJtiVeS of ihe Tntst and whith hav¢ nol been design for other purpses. These funds do includes the value of tangible fixed assets which have E¢en purchased using unrcstricted funds. and so th¢ Trusi's completely free reserves comprise tolal funds less th¢ nd iKX)k value of tangible fixed a55dS held on the B41an¢e She. Expedltur¢ on ebritabk dlvltley 2023 2022 GTant% payable Support cos15 Governance costs (nolc 4) 14.552 11,832 22,261 132.781 9,914 20,451 48,645 163.146 All grnnts are payable Si. PhilomeM'$ Catholic High School for Girl No onc is dir¢¢tly employed by the TrL Govern*D¢e ¢osts Z023 2022 Bookkeeping fee Indendent examination fee A¢¢ounlancy and tsx fees 18.261 16,451 2.000 22261 20.451 Trnsttts, tr•nsactiOn5 No Tru5tee5 rec¢iv¢d any Mun¢ratIon or exF from the in the year OT previous y¢8r.
st. Philomena's Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2023 Tanglble fixed 8ssels Short lexsehold property improvementj Cost As at l April 2022 and 31 March 2023 341JOI Aceumuhied deprnckntlon As at l April 2022 Charge for the year 156.713 6,837 As at 31 March 2023 163.550 Net book values As 4t 31 Marth 2023 177,751 As Ut 31 March 2022 184.588 Debtors 2023 2022 Tax reclaimable (Gift Aid) Short lemi 108n io Th¢ School 22.869 60,480 22.869 83.932 Credi¢or5- Am0¢5 f*llitt8 dtyt wl¢hin omt ye•r 2023 21122 Amounts payable to the Sch1 Accruals 6,000 i,846 3.770 9.770 9,846 Future coA)mlimefjts The Trusiees have 4uthoris¢d Ih•t all available funds may granid lo the Sch1 if r¢quiroJ. The Trusi is likely lo make contribulions lo the School towards: Chrome1kS of approximately £20.000 Salary costs of prOXIMatelY £17.L Cha[ knileT roof and r(M)m repair5 £50.( Capital IO•h contritIOn iowards a8rted VASCA wojects Capit81 DFE allocation approx. £3.51KI Fundin8 for 130 year ¢elebrdtion& 10
St. Philomena's Carshalton Charitable Trust Notes to the financial ststements (continued) For the year ended 31 March 2023 io Relted prty ¢r•nu¢¢lo During the year costs lolalling £14,552 (2022: £132.781) were incurred relating lo either payments due directly to St. Philomena's School. or io settle liabililies on the S¢h(KJl'$ behalf. These costs mo4ly r¢lal¢ to granls for building works and oiher agreed projects. Staff ¢osis incurred by ihe Sch1 in l•tIOn io ihe TTU5L di5c105ed as iMM)kkeeping fee within governan¢¢ costs. amounted to £18.261 (2022.- £16.451). There was no salary paid io the key management of the ¢harity (2022.. £nil). The Tru l¥an¢¢d £85,CK)O to the School in th¢ year 31 March 2020. This w&8 partIlY reid during ihe ytrar ¢ndc(131 March 2022 leaving a balonrc outstanding of £60.480. which was fully repaid during the curMI y¢or. Members, liability Ewh member of ihe charitable comnY undertakes io wnlribule lo the assets of the COTnpany in ihe event of it Ing wound up while She is a member, or within one y¢ar aft¢r hclshe ceases to be m¢mber, such amounl as may require41. noi uceeding £1 for ihe debts and liabililics conlra¢led fore helsh¢ ccascs io be a memb¢r.