2025-03-31-accounts - St. Philomena's Carshalton Charitable Trust

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For the year ended 31 March 2025

St. Philomena’s Carshalton Charitable Trust

[joc St Philomena’s Carshalton Charitable Trust hd CanhaltonShorts Road xONom ce lead) Surrey anal A. SMS 3PS ; WAY Telephone 020Charity Number 864210528682025 H

Charity Number: 1052868 Company Number: 03077439

St. Philomena’s Carshalton Charitable Trust

Contents eg

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

St. Philomena’s Carshalton Charitable Trust ge

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 2025,

REFERENCE AND ADMINISTRATION INFORMATION

Charity name	St Philomena’s Carshalton Charitable Trust
Charity registration number Company registration number	1052868 03077439
Trustees	P, Bradbury Ms. M. Noone
	Mrs. J. Kulka
	J. Gannon
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
	1 Balloon Street
	Manchester
	M4 4BE
Independence examiner	UHY HackerYoung Thames House
	Roman Square
	Sittingbourne
	Kent.ME104BJ

St. Philomena’s Carshalton Charitable Trust

ee

Trustees’ report For the year ended 31 March 2025

nnn 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.

Organisational structure The trustees meet three times a year to review income and proposals for expenditure. A trustee and the secretary deal with day-to-day correspondence and administration, and fees are paid for bookkeeping and accountancy.
Trustees The trustees holding office during the year and up to the date of[this][report][are:]

P. Bradbury Ms. M. Noone BSc (Hons) MBA Mrs. J. Kulka MBA (Open) J. Gannon (appointed 10 April 2024)

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.

St. Philomena’s Carshalton Charitable Trust

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Trustees’ report (continued) For the year ended 31 March 2025

1, Structure, Governance and Management (continued) - Statement of Trustees’ responsibilities

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Trust’s financial activities during the year and of[its][financial][position][at][the][end][of][the][year.][In][preparing][the][financial][statements][giving][a] true and fair view, the Trustees should follow best practice and:

° select suitable accounting policies and then apply them consistently: e make judgements and estimates {hat are reasonable and prudent, estate whether applicable accounting standards have been followed, subject to any material e departures disclosed and explained in the financial statements; and e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.

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 financia] 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.

Investment policy Apart from the leasehold building let to the School for a peppercorn rent, the Trustees aim to maximise the interest earned on the Trust's cash resources.
- Risk management The Trustees have assessed the major risks to which the Trust is exposed, in particular those relating to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate their exposure to the major risks.
Objectives

The object of the charity, per the articles is: The advancement ofthe Roman Catholic Religion and the advancement of education in the Roman Catholic tradition and in particular (but without prejudice to[foregoing)][the][provisions][of][ educational][facilities][in][Schools.] the generality of[the] The trustees currently direct their support in advancement of these objects towards St Philomena's Roman Catholic High School for Girls, (‘the School’). 3. Activities

During the year the Trust has made various contributions towards the School’s capital and revenue expenditure, amounting to £44,837 (2024: £19,416).

St. Philomena’s Carshalton Charitable Trust

Trustees’ report (continued) For the year ended 31 March 2025

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4, Public benefit
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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.

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3, Achievements and performance
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During the year the Trust has continued to raise funds from parents of the pupils in the School, and earn interest on the monies held on deposit.
Financial review - Results of the year The Trust’s total income for the year amounted to £139,914 (2024: £154,413). This included voluntary income receivable of £139,867 (2024: £154,372). Total expenditure amounted to £79,764 (2024: £53,743), The resultant increase in funds was £60,150 (2024: £100,670), - Reserves policy The trustees retain funds that will enable the Trust to assist with projects that the School is about to embark upon. All receipts are credited to an unrestricted income fund which is not subject to any restrictions regarding their use. The balance ofthe free reserves (total reserves less the value associated with tangible fixed assets on the Balance Sheet) at the year-end amount to £732,057 (2024: £665,070). - Grant making policy

Granits are made after evaluation of the comparable benefits to the School.

7, Plans for future periods

The Trust will continue to support the development of[the][School][and][will][assist][the][funding][of][ such] projects as are being undertaken from time to time.

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 theCompanies Act 2006 relating to small companies.

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. Approved by the trustees on Le [12/2083 and signed on their behalf by:
fi (Chaifperson) Ms M. Noone (Trustee)
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St, Philomena’s Carshalton Charitable Trust

eege Independent Examiner's Report for the year ended 31 March 2025 en

Independent Examiner's Report to the Trustees of St. Philomena’s Carshalton Charitable Trust (the

'company’') ] report to the charity trustees on my! examination of the accounts of the company for the year ended 31 March 2025. 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 I 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, J do not 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 ofthe 2006 Act and are eligible for independent examination, ] report in respect of my examination of the company's accounts[Charities][Act][2011][(‘the][2011][Act’).][In][carrying][out][my][examination][|][have] carried out under section 145 of[the] 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. | can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

|, accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
1. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uk and Republic of Ireland (FRS 102)].
| have no concerns and 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,]

Signed:

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/\
eet Meo) Date: 11 December 2025
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Allan Hickie BSc FCA UHY Hacker Young Thames House, Roman Square Sittingbourne Kent. ME!0 4BJ

St. Philomena’s Carshalton Charitable Trust

0809090909090

Statement of financial activities For the year ended 31 March 2025

		2025		2024
	Notes	Total Funds		Total Funds
		(All		(All
		unrestricted)	unrestricted)
		£		£
Income from;
Donations - Building& Resources Fund		139,867		154,372
Investments Totalincome		47 139,914		4] 154,413
		a		a
Expenditure on:
_Charitable activities Totalexpenditure Netincome	3	79.764 “79,764 “60,150		53,743 53.743 100,670
Total funds at 1 April 2024		835,984		735,314
Totalfundsat31March2025		896,134		835,984

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 11 form part of[these][financial][statements.]

St. Philomena’s Carshalton Charitable Trust

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Balance sheet as at 31 March 2025
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		£	©	£	£
	Notes
Fixed assets
Tangible fixed assets	6		164,077		170,914
Current assets
Debtors Cash at bank and in hand	7	21,553 715,564		23,010 651,980
		737,117		674,990
Creditors — Amounts falling due within oneyear	8	(5,060)		(9,920)
Netcurrent assets			732,057		665,070
Total assets Jess current liabilities			896,134		835,984
The funds of the charity
Unrestricted income funds			896,134		835,984
Totalcharityfunds			896,134		835,984

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. U tes a Approved[by][ the][ Board][OF][ Trustees][Of][...sseecaPeossfetriserease] -f[2. LoGh,and signed on its: behalf by Mr P. Bradbury (Chairpegson) Ms M. Noone (Trustee)

The notes on pages 8 to |] form part of these financial statements.

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St, Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2025

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]Charitable status and taxation 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.

2 Accounting policies

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.

zal Income

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.

22 Capitalisation of tangible fixed assets and depreciation

Purchases of tangible 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 (o 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 thal can be allocated directly to such activities and those costs of an 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 conslitutional and statutory requirements of the charity and include audit fees and costs linked to the strategic management ofthe 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.]

St, Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2025

TT

2.4 Fund accounting

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

These funds do includes the value of tangible 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 of tangible fixed assets held on the Balance Sheet.

Expenditure on charitable activities	2025	2024
	£	£
Grants payable Support costs Governance costs (note 4)	44,837 10,091 24,836	19,416 10,223 24,104
	79,764	53,743

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

No one is directly employed by the Trust.

Governance costs	2025	2024
	£	£
Bookkeeping fee Independent examination fee Accountancy and tax fees	20,536 2,300 2,000	19,854 2,250 2,000
	24,836	24,104

5 Trustees’ transactions

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

St, Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2025

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6	Tangible fixed assets	Short leasehold
		property improvements
		£
	Cost As at 1 April 2024 and 31 March2025	341,301
	Accumulated depreciation As at] April 2024 Charge fortheyear	170,387 6,837
	As at 31 March2025	177,224
	Net book values As at 31 March2025	164,077
	As at 31 March 2024	170,914
7	Debtors	2025	2024
		£	£
	Tax reclaimable (Gift Aid)	21,553	23,011
8	Creditors—Amounts falling due within oneyear	2025	2024
		£	£
	Amounts payable to the School Accruals	1,000 4,060	6,000 3,920
		5,060	9,920

9 Future commitments

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

The Trust is likely to make contributions to the School towards:

Salary reimbursements approx. £20,000 10% contributions to Capital DFE projects Trustees agreed to fund half the cost of the two Roof projects on DT Block & Mansion Cost of Marquee for Jubilee Mass - July 2025

St. Philomena’s Carshalton Charitable Trust

Notes to the financial statements (continued) For the year ended 31 March 2025 See

10 Related party (ransactions

During the year costs totalling £44,837 (2024: £19,416) 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 £20,536 (2024: £19,854).

There was no salary paid to the key management of the charity (2024: nil).

11 Members’ liability

Each member of the charitable company undertakes lo contribute to the assets of the company in the event of if 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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