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2024-03-31-accounts

For the year ended 31 March 2024

St. Philomena’s Carshalton Charitable Trust

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Charity Number: 1052868 Company Number: 03077439

St. Philomena’s Carshalton Charitable Trust

Contents

Page
Charity information
Trustees’ report 2-3
Independent examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Notestothefinancialstatements 8-11

St. Philomena’s Carshalton Charitable Trust

Charity information

The trustees present their annual report and the audited financial statements of[St Philomena’s][Carshalton] Charitable Trust (‘the Trust’) for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATION INFORMATION

Charity name St Philomena’s Carshalton Charitable Trust
Charity registration number 1052868
Company registration number 03077439
Trustees Dr. M. Howard
Ms M. Noone
Mrs J Kulka
Mr P, Bradbury
Secretary Mrs J Kulka
Registered office St, Philomena’s Catholic High School forGirls
Shorts Road
Carshalton
Surrey SM5 3PS
Bankers Lloyds Bank
Faryners House
25 Monument Street
London EC3R 8BQ
National Westminster Bank ple
27 Woodcote Road
Wallington
Surrey SM6 OLN
The Co-operative Bank
Manchester
M4 4BE
Independence examiner UHY Hacker Young
Thames House
Roman Square
Sittingbourne
Kent.ME104BJ

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St. Philomena’s Carshalton Charitable Trust

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Trustees’ report For the year ended 31 March 2024

The Trustees present their Trustees’ Report and annual report in accordance with the special provisions of Part 15 to the Companies Act 2006 relating to small companies, applicable UK accounting standards (including Financial Reporting Standard 102), the Charities Act 2011 and Charity SORP (FRS 102), and the Articles and Memorandum of Association.

1, Structure, Governance and Management - The governing instrument

St. Philomena's Carshalton Charitable Trust is an incorporated charity limited by guarantee. The directors of the company are the trustees for the purposes of the Charities Act, Trustees are appointed and elected in accordance with the Memorandum and Articles of Association,

Dr M, Howard, BDS Ms M. Noone BSc (Hons) MBA Mrs J. Kulka MBA (Open) Mr P. Bradbury - Recruitment and appointment of trustees The initial trustees were appointed by the governing instrument, but all of the current trustees, were appointed by a resolution of[the][trustees][passed][at][a][meeting][of][ the][trustees.][Future][trustees][may][be] appointed by a resolution of[the][trustees][passed][at][a][meeting][of][ the][trustees.] - Trustee induction and training Each year the trustees are kept informed of developments in the charity sector. The collective expertise of the Trustees in the fields of education, law and trust administration, will be supplemented when it becomes necessary.

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St. Philomena’s Carshalton Charitable Trust a

Trustees’ report (continued) For the year ended 31 March 2024

1, Structure, Governance and Management (continued)

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Trust and which enable them to ensure that the financial statements comply with the Charities Act. 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 irregularities. They are required to apply the funds of the Trust with complete fairness to meet the objects of the Trust.

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The object ofthe charity, per the articles is: The advancement of the Roman Catholic Religion and the advancement ofeducation in the Roman Catholic tradition and in particular (but without prejudice to the generality of the foregoing) the provisions of educational facilities in Schools,

The trustees currently direct their support in advancement of these objects towards St Philomena's Roman Catholic High School for Girls, (“the School’).

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  1. Activities

During the year the Trust has made various contributions towards the School’s capital and revenue expenditure, amounting to £19,416 (2023: £14,552).

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St. Philomena’s Carshalton Charitable Trust

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Trustees’ report (continued) For the year ended 31 March 2024

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4, Public benefit The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on Public Benefit, The Trust’s operations enhance the educational facilities that the School is able to offer its pupils.

  1. Achievements and performance During the year the Trust has continued to raise funds from parents ofthe pupils in the School, and earn interest on the monies held on deposit.

6, Financial review - Results of the year The Trust’s total income for the year amounted to £154.41 3(2023: £1 57,178). This included’ ~~~ voluntary income receivable of £154,372 (2023: £157,155). Total expenditure amounted to £53,743 ) (2023: £48,645). The resultant increase in funds was £100,670 (2023: £108,533). oe

This report has been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the trustees on (Sey Nec, 2 and signed on their behalfby:

“~ Signed Signed Print Name Print Name

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St. Philomena’s Carshalton Charitable Trust ss0909090998900 Independent Examiner's Report for the year ended 31 March 2024 III I mma Independent Examiner's Report to the Trustees of St. Philomena’s Carshalton Charitable Trust (the ‘company') | report to the charity trustees on my examination ofthe accounts of the company for the year ended 31 March 2024, This report is made solely to the company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008, My work has been undertaken so that | might state to the company's trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do nol accept or assume responsibility to anyone other than the company and the company's trustees as a body, for my work or for this report.

Responsibilities and Basis of Report As the trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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 examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement | have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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Signed:

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Date: 16 December 2024
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Allan Hickie BSc FCA

UHY Hacker Young Thames House, Roman Square Sittingbourne Kent. MEIL0 4BJ

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St. Philomena’s Carshalton Charitable Trust

0009090909090

Statement of financial activities For the year ended 31 March 2024

2024 2023
Notes Total
Funds		 Total
Funds
(All (All
unrestricted) —unrestricted)
£ £
Income from:
Donations
Building Fund
Resources Funds		 154,312
60		 137,125
30
154,372 157,155
Investments 4] 23
Total income 154,413 157,178
Expenditure on:
Charitable activities 3 53,743 48,645
Total expenditure 53,743 48,645
Net income 100,670 108,533
Total funds at
 April 2023 735,314
Totalfundsat31March2024 835,984 735,314

All income and expenditure derives from continuing activities.

There are no recognised gains or losses other than those included above.

The notes on pages 8 to || form part ofthese financial statements,

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St. Philomena’s Carshalton Charitable Trust

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Balance sheet as at 31 March 2024

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||||||||| |---|---|---|---|---|---|---|---| |2024|2023| |£|£|£|£| |Notes| |Fixed|assets| |Tangible|fixed|assets|6|170,914|177,75||| |Current|assets| |Debtors|7|23,010|22,869| |Cash|at|bank|and|in|hand|651,980|544,464| |674,990|567,333| |Creditors —|Amounts|falling|due|within| |one year|8|(9,920)|(9,770)| |Net current|assets|665,070|557,563| |Total|assets|less current|liabilities|835,984|735,314| |The|funds|of|the|charity| |Unrestricted|income|funds|835,984|735,314| |Total charity|funds|835,984|735,314|

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These financial statements are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the Board of Trustees on ety, Doceyhe 202tand signed on its behalf by

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AL, i p<? gee
(PRINT NAME)
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The notes on pages 8 to || form part ofthese financial statements.

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St. Philomena’s Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2024

The company (herein referred to as ‘the Trust’) is a registered charity, limited by guarantee and does not have a share capital. The company is incorporated within England and Wales.

The financial statements are prepared in accordance with 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Charities Act 2011, and the Companies Act 2006.

They are drawn up on the historical accounting basis. The charity meets the definition of a public benefit entity under FRS 102.

Donations are credited to income when received. Recoverable income tax is included with the donation to which it relates. Any income tax which has still to be recovered at the period end is recognised as a debtor, Interest is recognised when receivable.

2.2 Capitalisation of tangible fixed assets and depreciation

Purchases oftangible fixed assets are capitalised where their useful life extends over more than one year, Depreciation is calculated to write off the cost less estimated residual value of fixed assets on a straight-line basis over their estimated useful lives,

The only tangible fixed assets carried on the Balance sheet relate to improvements to leasehold property.

A lease was granted to the Trust in February 1998 by the Congregation of the Daughters of the Cross of Liege for classrooms on the first and second floors of the main school buildings, and this is due to end in 2047. The costs capitalised as improvement to leasehold property are depreciated over their estimated useful lives, deemed to be the unexpired term of the lease, ending in 2047.

2.3 Expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs ofan indirect nature necessary to support them. Grants payable are recognised when the grant has been awarded, and any conditions attached have been satisfied or fall outside the charity's control,

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.

All expenditure is inclusive of irrecoverable VAT.

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St. Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2024

2.4 Fund accounting

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All funds are held as general unrestricted funds which are available for use at the discretion of the Trustees in furtherance ofthe general objectives of the Trust and which have not been designated for other purposes.

These funds do includes the value oftangible fixed assets which have been purchased using unrestricted funds, and so the Trust’s completely free reserves comprise total funds less the net book value oftangible fixed assets held on the Balance Sheet.

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Expenditure on charitable activities 2024 2023
£ £
Grants payable
Support costs
Governance costs (note 4)		 19,416
10,223
24,104		 14,552
11,832
22,261
53,743 48,645

All grants are payable to St. Philomena’s Catholic High School for Girls.

No one is directly employed by the Trust.

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Governance costs 2024 2023
£ £
Bookkeeping fee
Independent examination fee
Accountancy and tax fees		 19,854
2,250
2,000		 18,261
2,000
2,000
24,104 22,261

5 Trustees’ transactions

No Trustees received any remuneration or expenses from the Trust in the year or previous year.

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St. Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2024

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6 Tangible fixed assets Short leasehold
property improvements
£
Cost
As at
 April 2023 and 31 March 2024 341,301 ©
Accumulated depreciation
As at		 April 2023
Charge for the year		 163,550
6,837
As at 31 March 2024 170,387
Net book values
As at 31 March2024		 170,914
As at 31 March 2023 177,75
7 Debtors 2024 2023
£ £
Tax reclaimable (GiftAid) 23,011 22,869
8 Creditors—Amounts falling duewithin oneyear 2024 2023
£ £
Amounts payable to the School
Accruals		 6,000
3,920		 6,000
3,770
9,920 9,770

9 Future commitments

The Trustees have authorised that all available funds may be granted to the School if required,

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St. Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2024

10 Related party transactions

During the year costs totalling £19,416 (2023: £14,552) were incurred relating to either payments due directly to St. Philomena’s School, or to settle liabilities on the School’s behalf. These costs mostly relate to grants for building works and other agreed projects. Staff costs incurred by the School in relation to the Trust, disclosed as bookkeeping fee within governance costs, amounted to £19,854 (2023: £18,261).

There was no salary paid to the key management of the charity (2023; nil).

11 Members’ liability

Each member ofthe charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

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