THE CONFRATERNITY OF
THE BLESSED SACRAMENT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024
Registered Charity Iyumber 1082897

THE CONFRATERNITY OF THE BLESSED SACRAMENr
Registered Charity No. 1082897
CONTENTS
Page
Legal and administrative inforn)ation
Trustees, Annual Report
Statement of Trustees, responsibilities
Independent Examiner's report
Statement of Financial Activities
Statement of Financial Activities for 2023
Balance Sheet
Staternent of Cashflows
io
Notes to the Financial Statements
11-20

THE CONFRATERNITY OF THE BLESSED SACRAMENT
RegK8tered Charity No. 1082897
LEGAL AIYD ADMINISTRATIVE INFORIVIATION
Trustees:
The Right Reverend Glyn Webster - Superior General (elected I1.10.2022)
Father Darren Smith - Treasurer General (elected 08.10.18)
Father Paul Hutchins- Secretary General (elected I1.10.2022)
Father Peter Edwards (elected 08.10.18)
Brother Colin James Dickson (elected 09.10.19)
Father Ron Farrell (elected l.10.22)
Registered Office:
16 Commercial Street
Binningham
BI IRS
Bankers:
Barclays Bank PIC
2 Victoria Street
London
SWIH OND
Independent Examiner:
Nicholas Simkins FCA
Butts Farn]
Great Haywood
Staffordshire
ST18 OTF
Investment Managers:
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET

THE CONFRATERNrrY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
TRUSTEES, ANNUAL REPORT
For the year ended 31 January 2024
The trustees present their annual report and financial statements of the charity for the year ended 31 January 2024. The
financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and
comply with the charity's trust deed, the ChaTilies Act 2011 and Accounting and Reporting by Charities: Statement of
Recommended Practic¢ applicable to charities preparing their accourAts in accordance with th¢ Financial Reporting
Standard applicable in the UK and Republic of Ireland (effective January 2019).
OKJECTIVES AND ACTIVITIES
The Confraternity ¢xists for the advancement of the catholic faith in the Anglican Tradition and in particular to promote:
The honour due to Jesus Christ our Lord in the Blessed Sacrament of his Body and Blood,
Prayer for one another at the Eucharist,
Careful preparation for and reception of Holy Communion, including the Eucharistic fast.
The reverent and dignified celebration of the Eucharist and the reservation and veneration of the Blessed
Sacrament,
The continuance of the catholic priesthood, and
Catholic theological teaching, learning and development.
The main activities are achieved primarily by making grants of finance or church requisites to parishes and clergy.
PUBLIC BENEFIT
The Trustees are aware of the Charities Act and the Charity Commission's Public Benefit guidance and hav¢ taken it
into account when making any decisions. They have not had any reason to depart from this guidance. The Trustees
consider the inforniation which is Contained in the report, about the Charity's objectives, activities and achievements,
demonstrates the benefit to the public that arise from these objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Confraternity of the Blessed Sacrament (CBS) is a registered charity, number 1082897. The Charity is governed
by a Constitution which was amended after extensiv¢ consultation at the Council-General mecting on the 6th October
2014.
The Charity is constituted by a group of Trustees appointed by the Council-General of the Charity. No officer of the
CBS received any remuneration for work undertaken on behalf of the CBS. The Council-General consists of the
General Officers (Sup¢rior-General, Treasurer-General and Secretary-Gcneral), the representatives of Districts, and
Honorary Members. The Superior-General is elected by the Council-General for a five-year terni; a new Superior
General, The Right Reverend Glyn Webster was elected for a 5 ycar period at the Council General Meeting held on I lth
October 2022.
The Treasurer-General is elected annually by the Council-General. The Secretary-General is appointed by the Superior-
General. Th¢ Representatives of Districts are the District Superiors plus an additional representative for any District
having more than ten Wards. The Honorary Members are nominated by the Superior-General and approved by the
Council-General. The annual meeting of the Council-General is the annual general meeting of the charity. The charity
is managed by six Trustees. Th¢ Superior-General, the Treasurer-General and the Secretary General are ex-officio
Trustees. Thr¢¢ further TTUStees are elected by the Council-Gen¢ral, the longest serving of whom retires by turn at the
annual meeting of the Council General.

THE CONFRATERNITY OF THE BLESSED SACRAMEiYr
Registered Charity No. 1082897
TRUSTEES, ANNUAL REPORT (Continued)
For the year ended 31 January 2024
Key management
The k¢y management personnel of the Charity are the Trustees. The day to day management of th¢ charity is the
responsibility of the Supertor General, who delegates particular areas of management to the Secretary General and the
Treasurer General.
Risk Factors
During the year the Trustees continued to monitor the major risk factors facing the Charity and they remain satisfied
that the existing systems and controls are sufficient to mitigate those risks. During the year under review the Charity
maintained sound systems of internal financial control, including procedures for authorisation of all transactions. Such
t)rocedures are kept under on-going review in order to ensur¢ that they meet the Charity's needs.
TRUSTEE MEETINGS
During the financial year to 31 January 2024, the Trustees met six times on 17 January 2023, 16 May 2023. 18 July
2023, 3 October 2023, 1 O October 2023 (General Council) and 30 January 2024.
GRANT MAKING POLICY
The Charity h&8 established its grant making policy to achieve its objects for the public benefit. Applications for grants
are considered, with reference to the charity's objectives, on a case-by-case basis by the Board of Trustees. A Grant
Application Forni continues to en5ll￿ all grants are considered on an equal basis (see note 7).
FINANCIAL REVIEW
During the year ending 31 January 2024, tbe charity received income from its investments of £98.008 (2023.. £95,989) and
donations (memberships) of £1,755 (2023: £1,192) and other income received during the year of £nil (2023.. £2,000)
Grants totalling £86,840 (2023: £26,692) were awarded. Dctails of these grants can be found in note 7 to the accounts.
In-line with general stock market trends, unrealised gain of £229,971 (2023: loss of £144,867) were incurred on the
Charity's Investment portfolio
The Trustees consider that the level and nature of the financial reserves at 31 January 2024 amounting to £4,121,854
(2023:£3,917,606) does not impact upon the assumption that the Charity is a going concern.

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Regislered Charity No. 1082897
TRUSTEES, ANNUAL REPORT (Continued)
For the year ended 31 January 2024
RESERVES POLICY
The Charity maintains its unrestricted reserves at a sufficient level for it to m¢et the management, administration and
support costs and for the making of charitable grants.
The policy regarding reserves is to retain such funds which will enable the Trustees to provide for the aims and objectives
of the Confraternity as laid down in the Constitution dated 6th October 2014.
The Trustees would ideally like to maintain reserves at a level sufficient to cover the followiiig years n￿nIng costs. Any
additional surplus made would be used to subsidise the following years, activities, or where a defIcit occurs this will
redu¢¢ th¢ budget available for the following activities.
The Charity's current needs and any funds not immediately required will then be reinvested in accordance with the
Trustees, investment powers so as to increase thc income of the Charity.
At 31 January 2024 total unrestricted funds amounted to £4,121,854 (2023: £3,917,606).
This report was approved by the Trustees on 16 July 2024 and signed on its behalf by
The Right Reverend Glyn Webster
Superior-General and Trustee

THE COIYFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
STATEMENT OF TRUSTEES, RESPONSIBILITIES
For the year ended 31 January 2024
TRUSTEES? RESPOIYSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report Ond fInancial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP.
make judgements and estirnates that are re&sonabl¢ and prudent.
state whether applicable accounting standards have been followed, subject to any material departures that must be
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in business.
The trustees are responsible for keeping proper accounting records tbat disclose with reasonable accuracy at any time the
financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act
2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also
responsible lor safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenancc and integrity of the charity and financÈal inforniation included on the
charity's website in accordance with legislalion in the United Kingdom governing the preparation and dissemination of
financial statements.
Approved by the Trustees on 16 July 2024 and signed on its behalf by
The Right Reverend Glyn Webster
Superior-General and Trustee

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
INDEPENDEiYf EXAMINER'S REPORT TO THE TRUSTEES OF THE CONFRATERNfTY OF THE
BLESSED SACRAMENT
For the year ended 31 January 2024
I report to the trustees on my examination of the accounts of The Confraternity of the Blessed Sacrament (the Charity) for
the year ended 31 January 2024.
This report As made solely to the charity's truslees, as a body, in accordance with Regulation 31 of the Charities (Accounts
and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters
am required to state to them in an independent examinerfs report and for no other purpose. To the fullest extent pcrniitted
by law, I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for my work, lor this
report, or for the statement I have made.
Responsibilities and basis for report
As the charity trustees of the you are responsible for the preparation of the accounts in accordance with ihe requirements of
the Charities Act 2011 ("the Act").
J Teport in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b)
of the Act.
Independent examiner's statement
I have completed my exan)ination. I confim that no material matters have come to n]y attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Charity as required by scction 130 of the Act. or
the accounts do not accord with those records. or
the accounts do not con]ply with the accounting requirements concerning the forni and content of the accounts
set out in the Charities (Accounts and Reports) Regulations 2008 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
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.
I have no concerns and have corne 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.
Niehola$ Simkins FCA
Butts Farni
Great Haywood
Staffordshire
ST18 OTF
16 July 2024

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account)
For the year ended 31 January 2024
Restricted Unrestricted Total Funds
Funds
Funds
2024
Total Funds
2023
Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Income from investments
1,755
98,008
1,755
98.008
3,192
95,989
Total incoming resources
99,763
99,763
99,181
EXPENDITURE OIY:
Charitable activities
125,486
125,486
92,781
Total resources expended
125,486
125,486
92,781
Net income/(expenditur¢) before gains and
losses on investhjents
(25,723)
(25,723)
6,400
Net gains/(losses) from investments
229,971
229,971
{144,867)
IYET INCOME I (EXPENDrruRE)
204,248
204,248
(138,467)
Reeoneiliation of funds
Total funds brought fonvard
3,917,606
3,917,606
4,056,073
Total fuDds carried forward
4,121,854
4,121,854
3,917,606
The notes on pages I I to 20 fonrl part of these financial statements.

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Cbarity No. 1082897
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Aecount)
For the year ended 31 January 2023 (for comparative puryoses)
Restricted Ullrestrieted Total Funds Total Funds
Funds
Funds
2023
2022
Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Income from investments
3,192
95,989
3,192
95,989
5,473
92,702
Total ineoming resources
99,181
99,181
98,175
EXPENDITURE ON:
Charitable activiti¢s
92,781
92,781
50,899
Total resources expended
92,781
92.781
50,899
Net income/(expenditure) before gains and
losses on investments
6,400
6,400
47276
Net gains/(losses) from investments
(144,867)
(144,867)
385,939
NET INCOME I (EXPENDITURE)
(138,467)
(138,467)
433,215
Reconciliation of funds
Total funds brought forward
4,056,073
4,056,073
3,622,858
Total funds carried foThard
3,917,606
3,917,606
4,056,073
The notes on pages I I to 20 forni part of these financial statements.

THE CONFRATERNITY OF THE BLESSED SACRAME￿[
Registered Charity No. 1082897
BALANCE SHEET
For the year ended 31 January 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Investments
10
4,290
4,073,645
6,363
3,843,674
4,077,935
CURRENT ASSETS
3,850,037
Debtors
Cash at bank and in hand
12
45,768
69,358
46,754
70.269
CREDITORS: Amounts falling
due within one year
13
(2,835)
(2,700)
Net current Assets
43,919
67,569
Net Assets
4,121,854
3,917.606
FUNDS
Restricted Funds
Unrestrlcted Funds:
14115
14115
4,121,854
3,917,606
4,121,854
3,917.606
The notes on pages I I to 20 fomi part of these financial statements.
In accordance with section 145 of the Charities Act 2011, the charity is exempt from the requirement for an audit. The
constitution does not require the charity to obtain an audit of its accounts for the year in question. the exemption from
audit has therefore been claimed.
The financial statements were approved by the Trustees on 16 July 2024.
The Right Reverend Glyn Webster ..
Superior- General and Trustee
Father Darren Smit
Trustee
Registered Charity No. 10828

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
STATEMEKf OF CASHFLOWS
For th¢ year ended 31 January 2024
Note
2024
2023
Cash flows from operating activitRes:
Net cash provided by/(used in) operating activities
17a
(121,598)
(87,422)
Net cash provided byl{used in) operating activities
(121,598)
(87,422)
Cash flows from investing activities:
Dividends and interest from investments
New investments
Fixed asset additions
98,008
95,989
(50,000)
(780)
Net cash provided by/(used in) investing activities
98,008
45,209
Change in casb and cash equivalents in the reporting period
(23,590)
(42,213)
Casb and cash equivalents at the beginning of the period
69J58
111,571
Cash and easb equivalents at the end of the reporting period
45,768
69,358
10-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
CHARITY INFORMATION
The Confraternity of the Blessed Sacrament is a charity registered in England and Wales No. 1082897. The
Regtstered Office is 16 Commercial Street, Birni1n￿1am, B I l RS.
AccouiYfING POLICIES
The principal accounting policies adopted, judgements and key Sources of estimation uncertainty in the
preparation of the financial statements are as follows:
BASIS OF PREPARATTON
The financial statements have been prepared in accordanc¢ with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic oflreland (FRS102) (effective l January 2019) and th¢ Charities
Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy note(s). The functional and presentational currency is GBP and th¢
accounts are rounded to the nearest £1.
b)
INCOME RECOGNITION
All income is recognised onc¢ the charity has entitlement to the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Legacies are credited to the accounts when they have been notified to the trustees and there is reasonable
certainty of the amount to be received.
Donations, subscriptions and other fornis of voluntary income are credited to the accounts when received and
are shown gTOSS' unless the event that a donation is subject to conditions that require a level of perforniance
before the charity is entitled to the funds. In this case the incom¢ is deferred and not recognised until either
those conditions are fully met. or the fulfilment of those conditions is wholly within the control of the charity
and it is probable that those conditions will be fulfjlled tn th¢ reporting period.
PREARATION OF THE FINANCIAL STATEMEIYTS ON A GOING CONCERN BASIS
The financial statements have been prepared on a going concern basis. The charity has achieved operating
deficit of £25,723 (2023 a surplus £6,400). There were unrealised gains on the market value on
investments of £229,971 (2023: loss £144,867).
At 31 January 2024, net assets amounted to £4.1 m which included £45.768 in the bank and an investment
portfolio with a market value of £4m.
The Trustees consider that the level and nature of the fjnancial reserves at 31 January 2024 does not impact
upon the assumptlon that the Charity is a going concern.

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charfity No. 1082897
IYOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
d)
RESOURCES EXPENDED
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that settlement will be required and th¢ amount of the obligatlon
can be measured reliably.
Expenditure is charged on the accruals basis. Costs are charged to the general fund unless the cost is
specifically identifiable with the restricted fund.
Expenditure included in charitable activities comprises costs of promoting and supporting the objects of the
harity. Grants are charged at the point a commitment is made by the Trustees atid in the c&se of ongoing
support when there is an expectation by the grantee that a grant will be received.
The appropriate share of costs are charged on an acCn￿lS basis and are charged to the general fund unless
the cost is specifically identifiable with the restricted fund.
IRRECOVERABLE VAT
The Charity is not registered for VA T. Irr¢¢overable VAT is included within the relevant exp¢nse on which
it is charged.
ALLOCATION OF SUPPORT AND GOVERNANCE COSTS
CBS office costs and Additional Curales Society (ACS) adnTrinistrative support costs have been allocated
between governance costs and direct charitable activities.
Governance costs comprise all costs involving the public accountability of the charity and its compliance
with regulation and good practi¢¢. These costs include costs related to independent examination. accounts
and legal fees together with an apportionment of overhead and support costs.
These are charged 750/0 to direct charitable activities and 250/0 to governance costs.
g)
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are stated at cost less depreciation. Expenditure is capitalised if it is anticipated to be
of an enduring benefit exceeding one year. Items under £100 are not capitalised. Depreciation is provided at
rates calculated to write off the cost less estimated residual value of each asset over its expected usethl life,
as follows:
Sacred vessels
Fixtures, fittings & equipment
Regalia
IOO/o per annum on cost
330/0 per annum on cost
IOO/o per annum on cost
12-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
h)
INVESTMEiYrs
Investments are a forni of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value as at the balance sheet date using the closing quoted market
price. The statement of f￿anCIal activities includes the net gains and losses arising on r¢valuation and
disposals throughout the year.
The Charity does not acquire options, derivatives or other complex financial instruments. The main forni of
financial risk faced by the charity is thal of volatility in equity markets and investnient markets due to wider
economic conditions, the attitude of investors to investh]ent risL and changes in sentiment concerning
equities and within particular sectors or sub sectors.
INVESTMENT GAINS AND LOSSES
All gains and losses are taken to the Statement of Financial Activities &8 they arise. Realised gains and losses
on investments are calculated as the difference between sales proceeds and their opening carrying value or
their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses
are calculated as the difference between the fair value at the year end and their carrying value. Realised and
unrealised investment gains and losses are combined in the Statement of Financial Activities.
FINANCIAL INSTRUMENTS
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement.
Financial &ssets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impaim)ent. If objective evidence of impairnient is found, an impainDerAt Ioss is
recognised in the Statement of Financial Activities. Financial assets that are measured at fair value are valued
based on valuations obtained at the year-end.
k) JUDGMENfsiNAPPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
In preparing the Financial Statements, management is required to make estimates and assuniptions which
affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Us¢ of
available inforniation and application of judgement are inherent in the fonnation of estimates, together with
expectations of future events that are believed to be reasonable under the circumstances. Actual results in the
future Could differ from such estimates. There are no key assumptions or other sources of estimation that
have a significant risk of causing a material adjustment to the carrying values of assets and liabilities within
the next financial year.
l3-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
RELATED PARTY TRANSACTIONS AND TRUSTEES, EXPENSES AND REMUNERATION
During the year £1,296 (2023 - £1,293) was reimbursed in out-of p￿ket expenses to 14 members (2023 _ 12) of
the Council General. This consisted of reimbursements of travel ¢xpenses to meetings.
There were no outstanding balances due to or from Trustees at the year-end (2023 - nil).
No O￿l¢er or Trustee of the CBS received any remuneration for work undertaken on behalf of the CBS.
Father Darren Smith is the General Secretary of Additional Curates Society and Trustee of the Confraternity of the
Blessed Sacrament.
Grants totalling £12.749 (2023 - £2,105) were made to the Additional Curates Society.
The following additional payments were made to Additional Curates Society in the year:
2024
2023
Administration support
Quarterly paper
Offic¢ costs
Meeting costs
Cathehetical work
12,500
11,235
1,840
380
4,700
12,500
10,744
1,996
193
30,655
25,433
There was no balance due to or from Additional Curates Society at 31 January 2024 (2023 - £nil)
DONATIONS AND LEGACIES
2024
2023
Donations from members
Other income
1,755
1,192
2,000
3,192
14-

THE COIYFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FIIYANCIAL STATEMEiYfs (ContRnued)
For the year ended 31 January 2024
INVESTMENT INCOME
2024
2023
Interest on investm¢nts
94,032
93,555
Interest on c&sh deposits
3,976
2,434
98,008
95,989
ANALYSIS OF CHARrrABLE ACTTVITIES
The charity undertakes its charitable activities through grant making and awarded grants to a number of
individuals and institutions in furtherance of its charitable activities.
Support
and
governance
costs
Activities
undertaken
direetly
Grant
funded
activity
2024
Total
2023
Total
Note
Funded from unrestrieted fuDdJ:
Superior general expenses
Quarterly papers
Printing &stationery
Meeting costs
Cathehetical work
Council general meeting
Grants
ACS support
Independent examination
Depreciation
Other
1,029
11,161
1,300
817
4,700
1,296
1,029
11.161
1,300
817
4,700
1,296
86,840
12,500
2,835
2,073
935
1,410
10,656
2,546
387
30,400
1.293
26,692
12,500
2,700
2,074
2,123
86,840
9,500
3,000
2.835
2,073
935
23,311
96,340
5,835
125,486
92,781

THE CONFRATERiyrrY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
IYOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
ANALYSIS OF GRANTS
The grants are in furtherance of the main objects as set out in the Trustees, Annual Report. The trustees, policy for
making grants is to consider applications and prioritise those grants seen as pursuing the objectives most efficiently.
Choir Church
Contribution to lay worker
Wooden screen
Support of festivals and pilgrimages
Establish youth choir
Courses
Sacred vessels and vestments
Heating system
Lamps and lighting syst¢ms
Repair bells
1,500
12,000
7,500
31.000
2,000
500
13,750
10,000
5,590
3,000
86,840
The ￿antS paid or committed to, for the benefit of the following institutions during the year were as follows:
Additional Curates Society
Holy Trinity Cookridge
Ebbsfleet Missions Fund
St Lukes
Parish of Swindon New Town
St Chads Toller Lane
St George's Preston
Holy Trinity Tarleton
St Salvadors Edinburgh
Holy Cross Edinburgh
St Annes Derby
Worksop Priory
St Francis of Assisi
PCC of Fleckney
Walsingham Grants
12,750
7,500
8,500
4,000
12,000
10,000
1.000
1.500
120
1,470
2,000
500
3,000
3,000
19.500
86,840
16-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For tbe year ended 31 January 2024
GOVERNANCE COSTS
2024
2023
Allocated overheads:
ACS Admin Support
3,000
3,000
3.000
3,000
Direct costs
Independent Examination Fee
2,835
2.700
Total
5,835
ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSOIYNEL
The charity has no employ¢¢s" staff costs are therefore nil (2023 - nil).
10. TANGJBLE FIXED ASSETS
Sacred
Vessels
Fixtures,
Fittings &
Equipment
& Regalia
Total
COST
l February 2023
Additions
35,433
6,292
41,725
31 January 2024
35,433
6,292
41,725
ACCUMULATED DEPRECIATION
l February 2023
Charge for the year
29,772
1,996
5,590
77
35,362
2,073
31 January 2024
31,768
5,667
37,435
NET BOOK VALUE
31 January 2024
3,665
625
4,290
31 January 2023
5,661
702
6J63
-17-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
11. FIXED ASSET INVESTMENTS
CCLA
Investments
Market value at 31 January 2023
Gains / (Losses) in the year
Investment additions
3,843,674
229.971
Market value at 31 January 2024
4,073,645
Market value at 31 January 2022
Gains l (Losses) in the year
Investment additions
3,938,541
(144.867)
50,000
Market value at 31 January 2023
3,843,674
2024
2023
Inve.slments per Type..
Multi-asset pooled funds
Pooled Fund- Bonds
4,066,475
7,170
3,836,777
6.897
4,073,645
3,843,674
Investments are held primarily to provide an investment return for the charity. They are listed on a recognised
stock exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at
the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price.
Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
Details of inveslm¢nts wmprising more than 50/0 of the market value of the total investmetrt portfolio are as
follows:
2024
2023
CCLA - CBS Capital Growth Fund
CCLA Fund
567,690
3,427,681
513.376
3,246,581
84%

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
12. DEBTORS
2024
2023
Prepayments
986
911
911
13.
CREDITORS: Amounts falling due Th4thin one year
2024
2023
Accruals
2,835
2,700
2,835
2,700
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted Unrestricted
Funds
Funds
Total
Tangible Fixed Assets
Investments
Current Assets
Creditors: amounts falling due within one year
4,290
4,073,645
46,754
(2,835)
4,290
4,073,645
46,754
(2,835)
4,121,854
4,121,854
The unrestricted fund is for the furtherance of the objects of the Confratemity..
(a) to honour Jesus Christ our Lord in the Blessed Sacrament of his Body and Blood,
(b) to pray for one another at the Eucharist,
(c) to observe and pTornote careful preparation for Holy Communion including the Eucharist f&8t,
(d) the reverent and dignified celebration of the Eucharist and the reservation and veneration of the Blessed
Sacrament,
(e) the continuance of the Catholic priesthood,
(fj Catholic theologica] teaching, leaming and development.
19-

THE CONFRATERNITY OF THE BLESSED SACRAMENT
Registered Charity No. 1082897
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 January 2024
15.
FUNDS RECONCILIATION
Balance at I Incoming
February Resources
2023
Outgoing
Resourees
Investments Balance at 31
gains/(losses)
January
2024
Restricted Funds
Unrestricted Funds
3,917,606
99,763
(125,486)
229,971
4,121,854
3,917,606
99,763
(125,486}
229,971
4,121,854
16. FINANCIAL COMMITMENTS
ital commitments
At the year end, the charity had committed to, but not paid grants totalling £nil (2023: £nil).
Ther¢ were no other capital commitments authorised and contractcd for in the year (2023 - £nil).
17. NOTES TO THE CASH FLOW STATEMENT
Reeonciliation of net ineomel{expenditure) to net cash flow
from operating activilies
2024
2023
Reconciliation of net income/(expenditure) for the reporting period
(as per the statement of financial activities)
Adjustments for..
204,248
{138,467)
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Dwreasel(increase) in debtors
Increase/(decrease) in creditors
2.073
(229,971)
(98,008)
(75)
135
2,074
144.867
(95,989)
(87)
180
Net cash (used in) operating activitles
(121598
87,422
Analysis of e45h and cash equlvalents
2024
2023
C&8h in hand and at bank
Total cash and cash equivalents
45,768
45,768
69,358
69.358
-20-

Butts Farm
Great Haywood
Stafford5hire
Simkins Associates
ST18 OTF
The Confraternity of the Blessed Sacrament
16 Commercial Street
Birmingham
B11RS
4 July 2024
Dear Trustees
CBS: Independ•nt Examination Year Ended 3111 January 2024
Flndlngs
I have comp18ted my Independent Examination of the financial ststements for the CBS for the
year ended 31st January 2024.
My Examiner report records no significant matters arising from the work carried out.
Acknowledgement
I would like to place on record my thanks to Father Darren Smith and Mary Bashford for their
help and support in carrying out my work.
I wish you all a successful year ahead.
Yours faithfully
Nick Simkins FCA

Appendlx - Charlty sector developments
Charlty Commlsslon Annual Retum
The Charity Commission launched the new Annual Return for 2023 on 5 Octob8r 2023
("AR23'). The question set reflects changes made following a formal consultation with charities
and the public. The new retLJrn is available to charities via the My Charity Commission Account
servi￿. It introduces a revised set of questions that wlll be used by charities for their financial
years ending in 2023 and in subsequent years.
The Annual Return is the online form that all charities with yearly incomes of £10,000 or more
complete within 10 months of the end of their financial reporting period. It must also be
completed by all those registered as charitable incorporaled organisations (CIOS).
Pmportionate changes to ensure transparency and effectlve regulatlon
The updated question sel is designed to help the regulator better assess risks facing the sector
and enhance charities, transparency.
Among the changes are new questions to better capture and understand charities, reliance on
certain types of income, and questions on single sources of funding, to gain more information
on roles and responsibilities within charities, and to gain a more accurate picture of the
geographical areas in which charities operate in England and Wales.
Simpler s•rvice ftir charitios
The seNice is also designed to be more user-friendly and easier for charities to navigate. The
Commission has simplified the language of the questions, and the amount of infonnation
charities completing AR23 are required to provide vaties based on the size and scope of the
charity in question. Larger, more complex organisations, including those employing staff andlor
working intemationally will complete a greater number of questions than smaller charities
whose operations are simple.
Similarly, the regulator has revised the questions that ask for data on volumes or monelary
valu8S. SO that very few questions now ask for information that IS Over and above that which is
collected by charities as part of their normal accounting processes.
The Commission also made a number of changes to the new question set following consultation
with the sector, which ran be￿een June and September 2022. Changes included introducing
income thresholds to further questions, rewording questions to improve their clarity, and
strengthening its guidance supporting charities to answer questions quickly and accurately.
Trustee Quiz
The Charity Commission has launched the next phase of ils trustee campaign which aims to
increase charity trustees, knowledge and drive a positiv8 change in charities, governance. The
campaign encourages trustees to check what they know about their duties, and aims to
increase their awareness of the Commission's 5-minute guides.

Truste•s oncourag￿ to t•st their knowledge and understandlng
As part of the latest phase of the campaign, the regulator has released a new Trustee Quiz to
enable trustees to test their knowledge of their duties and responsibilities.
The quiz is designed to engag8 trustees with a variety of questions based on everyday
scenarios that they may encounter at their charily. It has been designed to help identrfy
knowledge gaps and is an ideal refresher for trustees at all levels of experien￿. Research
shows that the majority of tNstees feel confident in their ability to manage their charities,
however there may be areas of knovAedge they can improve on. The quiz is intended to
encourage trustees to think again about what they know, to inspire upskilling.
The quiz takes around three minutes to complete and gives busy trustees an interactive means
to quickly check what they know and help them uncover potential knowledge gaps they may
not have been aware of. It prompts participants to test their knowledge on a range of topics,
such as conflicts of interest and safeguarding. Feedback is provided for each question, and
users are pointed to further guidan￿ from the regulator to strengthen their knowledge.
Each participant also receives a score out of 10: allowing them to benchmark their knowledge.
Pmmoting guidance to busy trustees
The regulator acknowledges that tNstees dedicat8 time, en8rgy and expertise to volunteer for
their role alongside already busy lives. The campaign encourages trustees to reflect on their
knowledge and understanding in a quick and engaging way, and to sign-post to user friendly
resou￿$, notsbly the Commission's suite of 5-minute guides. These are bitesize guides
designed to support trustees as they manage the demands of running a charity and cover topics
such as govemance, managing ffinances, conflicts of interest, decision making, reporting,
safeguarding, and political activity and campaigning.
Soclal Medla Use
The Charity Commission published on 18th September 2023 uidance for charities on social
media usage. It makes clear that social media can be a highly effective way for a charity to
engage its audiences and communicate about its work but that there are risks involved, which
trustees should plan for.
The new guidance is dear that charities using social media should have a social media policy
in place and should ensure the policy is followed. This is standard practice in many charities
and across other sectors and industries. and can help an organisation avoid problems and
address issues swiftly if they occur.
The regulator says its casework has revealed a knowledge gap. Trustees are not always aware
of the risks that may arise from using social media. meaning that some do not have sufficient
oversight of their tharity's activity, leaving them and their Gharity vulnerable. The guidance aims
lo help trustees understand these risks, how their legal duties apply. and what to consider if
issues arise.
The guidance:
makes dear that the ￿gUlatOr does not expect that every charity will involve
trustees in the day-t(Fday running of the charity's social media but that trustees
must understand their legal responsibilities even if delegating tasks
sets out the expectation that charities using social media should have a policy in
place to explain how using social media will help deliver the charity's purpose and
should include the charity's own guidelines, such as those on the conduct of
trustees, employees and volunteers using social media on th8 charity's behalf
contains an easy-to-use checklist to help trustees and senior employees have
infomed conversations on what the right policy for them looks like

says charities should have guidelines to manage the risk that content posted by
individuals connected to the charity in their personal capacity, particularly those who
are high profile like CEOS. may negatlvely impact the charity by association. It also
makes dear that trustees, employees and others have the right to exercise their
freedom of expression within the law
signposts organisations and resources that can help trustees if they wanl to improve
their social media skills.
The new guidance was subject to a fomial consultation, which ran from January to March 2023.
The Commission received 396 responses. Many welcomed the guidance, but some felt it could
be dearer to explain what is and is not expected of trustees. The regulator has made a number
of changes to clarrfy the Commission's regulatory expectations in light of the feedback. The
final guidance also further emphasises the benefits of using social media, so that charities can
have confidence in their ability to make use of them.
Investments
The Charity Commission has published renewed
uidance on charities and investments.
bringing it up to date for the modern era. Published on 1 st August 2023, the guidance known
as CC14 has been redesigned to offer greater clarity and to give trustees confidence to make
investmenl decisions that are right for their charity-
The language used in the guidance is clearer and the structure has been updated so that it is
shorter and easier to use, and trustees can find the infomiation they need more quickly.
As discussion continues within the sector about charities, ability to account for factors such as
the environmental impact of investments, the guidance makes clearer that trustees have
discretion to choose what is best in their circumstances and have a range of investment options
open to them - provided they ultimately further the charity's purposes.
The refreshed guidance follows a Commission 'call for information, and consultation on financial
investment and reflects a significant High Court judgment on charity trustees, investment duties
(the 'Butler-Sloss' case). Trustees Can have confidence in the decisions they make when
following the guidance. knowing it is up to date and properly reflects the relevant law.
The guidance:
includes examples of various issues which may be relevant for trustees to consider
when making investment decisions. such as the potential for an investment to
conflict with the purposes of the charity. or the reputational impact of an investment
decision.
lists steps trustees 'must' tske to be compliant with the law and those trustees
'should' do which are strongly recommended as best practice but not legally
required.
explains that acting in the best interests of a charity is about ensuring that above all
else any decision furthers its purposes. It also warns trustees to not allow personal
motives. opinions, or interests to affect the decisions they make.
incorporates previously separate guidance on social investment and no longer uses
temiinology that could get in the way of trustees, understanding. such as 'ethical
investment,, 'mixed motive investment. and 'programme related investment,.
The examples featured in the guidance are designed to help trustees identify the factors that
a￿ relevant to their own charity's situation and then use this to determine how to approach their
investrnent decisions. This should make it easier for trustees to apply the guidan￿ correctly
and feel able to justify that the decisions they take are in their charity's best interests.

Digital servlce- My Charlty Commission Account
The Charity Commission's new My Charity Commission Account service went live on 31st July
2023. The ￿gUlatOr has described My Charity Commission Account as charities front doorf
into the Commission, through which they will submit any remaining Annual Returns for 2022
and all Annual Returns for 2023 onwards. and engage with the regulator's wider digital services.
Access to existing digital servlce will cease
From the launch of My Charity Commission Account, Charitie5 will no longer be able to file
annual relurnsthrough the existing system. From 31stJuly, all online s8rvic8s will be accessible
with a My Charity Commission Account log-in.
This is a significant change. The regulator is making preparations for any diswption that
trustees may experien￿ during the transition, induding making additional staff available in its
Contact Centre.
Movlng towards a new relationship ￿th trustees
The roll-out of the new service has begun with charities. named contacts. ensuring that all
charities are able to access the Commission's digital services. including to file their Annual
Returns.
In the months ahead, the service will be extended to all individual trustees. This will facilitate a
more direct relationship between the regulator and trustees, helping to ensure they are
supported in their role and equipped to wn their charities well. This new approach also ensures
better dala security.