THE CONFRATERNITY OF THE BLESSED SACRAMENT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Registered Charity Number 1082897
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 CONTENTS Page Legal and athnini5trative infomMtion Trustees, Annual ReFK)rt Statrment of Trustees, restK)nsibilities Independent Examiner's rert Statement of Financial Activities Statement of Financial Activities for 2024 Balance Sheet Statement of Cashflows io Notes to the Financial Statements 11-20
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 LEGAL AND ADMINISTrATIVE INFORMATION Trustees: The Right Reverend Glyn Webster- Superior General (elected I1.10.2022) Father Darren Smith - Treasurer GeneraI (elected 08.10.18) Father Paul Hutchins - Secretary General (elected I l.10.2022) Father Peter Edwards (elected 08.10.18) Brother Colin James Dickson (elected 09.10.19) Father Ron Farrell (elected l.10.22) 16 Commercial Street Birniingham BI IRS Bankers: Barclays Bank PIC 2 Victoria Street London SWIHOND Independent Examiner: Nicholas Simkins Butts Fami Great Haywood Staffordshire ST18 OTF Investment Managers: CCLA One Angel Lane London EC4R 3AB
THE CONFRATERNITY OF THE BLESSED SACRAMENT Rwstered Charity N 1082897 TRUSTEES, ANNUAL REPORT For the year eDded 31 January 2025 The tnistees present their annual r¢px)rt and financial statements of the charity for the year ended 31 January 2025. The financial statements have been prepared in accordance with the accounting p)licies set out in note 2 to the accounts and comply with the charity's trust dee4 the Charities Act 2011 and Accounting and Reporting by ChaTities: Stsfrment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective January 2019). OWECTIVES AND ACTIVITIES The Confraternity exists 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 Bloo Prayer for one another at the EucharisL Careful preparation for and reception of Holy Communiory including the Eucharistic fasL The reverent and dignifjed celebration of the Eucharist and the reservation and veneration of the Blessed Sacrdm¢nL The continuance of the catholic priesthood and Catholic theological teachin& learning and developmenL The main activities are achieved primarily by making grnnts of finance or church requisites to parishes and clergy. PUBLIC BENEFIT The Trustees are aware of the Chariiies Act and the Charity Commission's Public Benefit guidance and have taken it into account when making any decisions. They have not had any re&80n to depart from this guidance. The Trustees consider the InfOrntion which is contained in the reFM)rL alx)ut the Charity's objectives, activities and achievements, demonstrates the benefjt 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 extensive consultstion at the Council-General meeting on the 6th October 2014. The Charity is constituted by a wup of TnteeS appointed by the CoUncileneral of the Charity. No otTicer of the CBS received any remuneration for work undertaken on behalf of the CBS. The councileneral consists of the General Officers (Superioreneral. TreasurerQyeneral and Secretary-General), the representatives of Districts, and Honorary Members. The SuperiOreneI is elected by the Council£yeneral for a five-year terni. a new Superior General, The Right Reverend Glyn Webster was elected for a 5 year 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. The Representatives of Districts are the District Superiors plus an additional representative for any District having more than ten Wards. The Honordry Members are nominated by the Superior-General and approved by the CouncilQJeneral. The annual meeting of the Council-General is the annual general meeting of the charity. The charity is managed by six Trustees. The Superioreneral, the Treasurer-General and the Secretary General are ex-OtTicio Trustees. Three further Trustees are elected by the Councileneral, the longest serving of whom retires by turn at the annual meeting of the Council General.
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity Nik 1082897 TRUSTEES, ANNUAL REPORT (Continued) For the yesr ended 31 January 2025 Key maD4gement The key management personnel of the Charity. are the Trustees. The day to day management of the charity is the responsibility of the Superior 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 suificient to mitigate those risks. During the year under review the Charity maintained sound systems of internal fjnancial control, including procedures for authorisation of all transactions. Such procedures are kept under on-going review in order to ensure that they meet the Charity's need5. TRUSTEE MEETINGS During the financial year to 31 January 2025. the Trustees met five5 times on 7 May 2024. 16 July 2024, 1 October 2024, 1 October 2024 (General Council) and 14 January 2025. GRANT MAKING POLICY The Charity has 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 Grdnt Application Forn] continues to ensure all grants are considered on an equal basis (see note 7). FINANCIAL REVIEW During the year ending 31 January 2025, the charity received income from its investments of £99.353 (2024: £98,008) and member donations and legacies of £1,892 (2024: £1,755). Grants tOtlIng £48,642 (2024: £86.840) were awarded. Details of these grants can be found in note 7 lo the accounts. In-line with generaI stock Maet trend8, UnliSed gain of £313,287 {2024: gain of £229,971) were incuned on the Charity's Investment 0110 The Trttee5 consider that the level and nature of the financial reserves at 31 January 2025 amounting to £4,453.677 (2024:£4,121,854) does not impact uw)n the assumption that the Charity is a going concern.
THF. CONFRATF.RNrry OF THF BLFA8V.D SACRAMEiYf Char#y 1082897 TRusfELV ANNUAL REpoirr (CoNtl••ed) For the yearewled JI J••&ry 2025 RLSERVFS POLICY 94¥Xt ¢0s1s aThl for th¢ mkin8 ofchritsbk The )I1¢Y rnwdin8 Yer is to ntsin fiffth thith wlll ethle the Trnea * wovid¢ kn the aims its¥¢9 of IIK Ccmfratsrnity laid down in the C(NlitlI ded fAh 2014. The TnJes idulty Ilke to miintatn reserv¢s at i level sufficiert to covtt tho followwig yey runnkng c4x. Ary •ddilional surplus m•de would be lo subsMlis¢ the followin8 years. xtivitiw or whu¢ • d¢fKit occurs this will I• th¢ ixMl8d av•itsble follory •diYili(. At 31 2025 tall fumk IA) £4853,677 (20U: £4,121J541 Thkn rryxt •HYml ty the Tnuterf on 29 Juty 2025 •MI siyl behbY S•perlor-G¢rxl md Tre
THE CONFRATERNTfY OFTHE BLVSSED SACRAMFiif 1ffl28YY F•r lh• ¢•ded 31 2025 TRusfELS' RVSPON8IBILmEs IN REtAIION TO THE VINAf4CIALsfATEME )w 1¢h 8ivrJ * 4ThJ flir view ofthe of •ifaks of the ¢th•rity of the ithxvnin8 •¥1 or resourc¢& ofthe dwity for thAI IN the fllwciil tht(¥ntht4 the try#¢H wirt¥J tr. •¢kd Fdiciu Ilxn the4n rim111 Wllion ofihe chwity •KI kn en•ble Ilk7n to eAwr¢ the finmlI1 with tk ChitiBs A fln•rKl•l tt•trnb. ApFYovI ty the 29 July 2025 rAI behdf
THE CONVRATERNrrY ov THF. BLVA8ED SACRAMvJir INDF.PF.NDF.Kr VMINER RF.PORT TO THE TltusrFL8 OF THE CffiFRATERNrrY OF THE B1.&[D SACXAMENr For lh¢ ye•r eled 31 JM•ry 2025 I Y9x ihe trUe my ¢xmhMlim oftho ofThe crInIty ofts (the Chwity) f thc ye aNltyJ 31 2025. This rep is m•d¢ N)kty io th¢ clthgj Iiiislw as a i. in C<Kdw wilh R¢gultion 31 of the Chilips (Ace(Mmts RepKXts) RegU1th 2¢xii. My has iK¢n Ulertken so thii I might stste to tho ¢hritys trus11 thoge m•tters I r¢quir¢d to •¢ lo Ihem in exwMinerfJ W Ind no (rther PUfF)ge. To th¢ fiilles¢ t¢t perniitted by knw, l (k) NX ro4Kwibilty lo (AhLY Ihkn tho tr¢Mlea •% • I. for my f(Y this the 2011 (Ihe A). I in rc4I2t of my mmlnth of th•Chwity'i IXI1 e•ffid thrt under#¢tloft 145 of th02011 Act•#1 ifi tyryift8 out my ¢xwnin•ti(ffl I hve folk)wed ill the Diti given by the Charity C&inmission under sxtiLM 145(5Mb) of th¢ A¢L examiniti(ffi 8iv¢ng c•u5e lo Ixlieve.. 1. kqrt in roy¢t ofthe awity v r¢qu¥ed by 130 of th¢ A¢ or sel oul in the ChwiliE5 (Att4xnts aAI RcpKts) Re8ylatioM 2(X)8 (kn than •ny Tequirement th*¢ the give * 'true arnl flir view which is a matte¥ ccmsidered as Imrt of exAminalion" IX NkholA• Sl•k5 Fjutts Fwm Great Haywood SthlT(xdshi STII OTP 29 July 21r25
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 STATEMENT OF FINANCIAL AcfiviTIES (Incorporating Income and Expenditure Account) For the year ended 31 January 2025 Restricted Unrestrlettd Total Fund5 Total Funds Funds Funds 2025 2024 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Income from investments 1.892 99,353 1.892 99,353 1,755 98,(X)8 Total incomfing resource5 101,245 101245 99,763 EXPEIYDITURE ON: Charitable activities 82,709 82,709 125,486 Total resourees expended 82,709 82.709 125,486 Net income/{exp¢nditure) before gains and losses on investments 18J36 18,536 (25,723) Net gainsl(losses) from investm¢nts 313.287 313.287 229,971 NET IIYCOME l ffXPENDITURE) 331,823 331,823 204,248 Reeoncili2tion of funds Total fimds brought forward 4.121,854 4,121,854 3,917,606 Total funds Carrled forward 4.453.677 4.453,677 4,121,854 The notes on pages I I to 20 forni part of these financial ststements.
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 STATEMENT OF FINANCIAL AcrNrriES Oncorporating Income and Expenditure Account) For the year ended 31 January 2024 (for comparative purposes) Restricted Unrestricted Total Funds Total Funds Fund5 Funds 2024 2023 Note INCOME AI¥D 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 ON: Charitable activities 125.486 125.486 92,781 Total resources expended 125,486 125,486 92,781 Net incomel(expenditure) before gains and losses on investments (25.723) (25,723) 6.400 Net gains/{losses) from investh)ents 229,971 229,971 (144.867) NET INCOME I (EXPENDITURE) 204,248 204.248 (138.467) Reconciliation of funds Total funds brought forward 3,917.606 3,917.606 4,056.073 Total funds carrled forward 4,121,854 4.121,854 3,917,606 The notes on pages l I to 20 forni part of these financial ststements.
THE CONFRATERNrrY OF THE BIVD SACRAMV.ffr BAIANCE SHFET For lkn yr e•de4131 J•Nw•ry 21)15 2•25 2024 nxFD A&8ZI Tan8iblo 10 2316 43K931 4.2tX) 4,07J.645 4J89.148 4,QTI.¢135 CURREKr Assrrs 12 C•sh x ik •thl in 693•1 45.768 69J•i 4A754 CREDrroRS: Amwnts f1& wthin one year 13 (46n) (18351 urY•wJl A, . 43,919 Net Awts 4J53h77 4.121.854 FUNDS 14115 77 4.121A54 V53h 4.121,854 In acc(Ydwtt with se¢ti(m 145 of the Clwrtu Ad 2011, is fm Ik ftran alL The The R¢ Revern•d c W•bse•r.... ?i¥prrlor- Ge•erl And Tr¥e R¢11¢4 Clwity No. IOn897
THE CONFRATERNITY OF THE BLESSED SACRAMENr Regfistered Charity No. 1082897 STATEMEI¥4T OF CASHFLOWS For the year ended 31 January 2025 ote 2025 2024 Cash flows from operating activities: Net cash provided byl(used in) operating activities 17a (75,920) { 121,598) Net casb provided by/(used in) operating ctivitl& (75.920) (121.598) Cash flows from investing activities: Dividends and Inte$t from invcstments New investmcnts Fixed &8set additions 99J53 98.008 Net cash provided bvl(used In) investing actlvities 99J53 98.008 Change in cash and cash equivalents in the reportlng period 23,433 (23.590) Cash and cash equivalents at the beginnlng of the period 45,768 69,358 Cash and eash equlvalents at the end of the reporting period 69,201 45,768 -io-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Rffjstered Charity N 1082897 NOTES TO THE FINANCIAL STATEMEIYTS For the year ended 31 January 2025 CHARITY INFORMATION . The Confraternity of the Blessed Sacrament is a charity registered in England and Wales No. 1082897. The Registered Office is 16 Commercial StreeL BirniinghanK B I IRS. ACCOUNTt¥G POLICIES The principal accounting policies adoptrd judgements and key sourLYS of estimation uncertainty in the preparation of the fllwicial statements are &8 follows: BASIS OF PREPARATION The financial slatements have been prepared in accordance with the SLqtement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting lIcY note(s). The functional and presentstional cunEncy 15 GBP and the accounts are rounded to the nearest £1. b) INCOME RECOGNITION All income is recognised once the charity h&8 entitlement to the income, it is probable that the income will be received and the amount of income receivable ean be measured reliably. Legacies are credited to the accounts when they have been notified to the tNstees and there is re&80nable certainty of the amount to be received. Donations, subscriptions and other fornts of voluntary income are credited to the accounts when received and are shown gross. unless the event that a donation is subject to conditions that require a level of perfonnance before the charity is entitled to the funds. In this case the income is deferred and not recognised until either those conditions are fully mel or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those condition5 will be fulfilled in the rew)rting period. PREARATION OF THE FINANCIAL STATEMENTS ON A GOING CONCERN BASIS The financial statements have been prepared on a going concern basis. The charity has achieved operating surplus of £18,536 (2024 a deficit £25,723). There were unrealised gains on the market value on investments of £313,287 (2024: gain £229,971). At 31 January 2025, net assets amounted to £4.4m which included £69,201 in the bank and 2n investment portfolio with a market value of £4.3m. The Trustees consider that the level and nature of the fmancial reserves at 31 January 2025 does not impact upon the assumption that the Charity is a going concern.
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity N 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For tbe year ended 31 January 2025 d) . RESOURCES EXPENDED Liabilities are recognised &8 exFEnditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be wuired and the amount of the obligation can be Mured lIablY. Expenditure is charged on the aCCn basis. Costs a chwged to the genernl fund unless the cost is specifically identifiable with the restricted fun(L Expenditure included in charitable activities comprises costs of promoting and supporting the objects of the charlty. Grants are charged at the pjint a commitment is made by the Tnjstees and in the case of ongoing suppjrt when there is an ext*ctstion by the grantee that a grant will be received. The appropriate share of costs are charged on an accruals basis and are charged to the general fund unless the cost is specifjcally identifiable with the restricted fund. IRRECOVERABLE VAT The Charity is not registered for VAT. Irrecoverable VAT is included within the relevant expense on which it is charge ALLOCATION OF SUPPORT AND GOVERNANCE cosrs CBS office costs and Additional Curates Society (ACS) administrative 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 practice. These costs include costs telated to independent eKamination, accounts and legal fees together with an app)rtionment of overhead and support costs. These are charged 750/0 to direct charitable activities and 250/0 to governance costs. TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are sL2ted at cost less depreciation. ExndItllre is capitalised if it is anticipated to be of an enduring benefit exceeding one year. Items under £l(K) are not capitslised. Ikpreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Sacred vessels Fixtures, fittings & e4wipment Regalia l (Y/0 per annum on cost 33r/i o tr annum on cost l /0 per annum on cost 12-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For tbe year ended 31 Janllary 2025 h) INVEsTmErs Investments are a forni of basic fllwKial instrument and are initially recognised at their transaction value and subsequently MeasUd at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and dISS throughout the year. The Charity does not acquire options, derivalives or other complex financial instruments. The main form of ffftanciaj risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risK and changes in sentiment concerning equities and within particular sectors or sub sectors. INVESTMENT GAINS AND LOSSES All galns and losses are taken to the Statement of Financial Activities as they arise. Realised gains and I05ses 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. UnTealised gains and losses are calculated as the difference Ftheen the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses a combined in the Statement of Financial Activities. FINANCIAL INSTRUMENTS The Charity only has financial assets and fuwKial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measurnd at their settlemenL Financial assets that are measured at cost and amortised cost are &8sessed at the end of each reporting period for objective evidence of impairnient. If objective evidence of impairmenl is founiL an impairment loss 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) JUDGMENTS IN APPLYINGACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY In pparIng the Financia] Statements. management is wuired to make estimate5 and &8sumptions which affect repx)rted income. expenses, &8sets. liabilities and disclosure of contingent assets and liabilities. Use of available inforntiOn and application of judgement are inherent in the forniation of estimates, together with expectations of firtU 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 Silficant risk of causing a malerial adjustment to the carying values of assets and liabilities within the next financial year. 13-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registsred Cbarity Iyo. 1082897 NOTES TO THE FINANCIAL STATEMENTS {ContinDed) For tbe year ended 31 January 2025 RELATED PARTY TRANSAcfioNS AND TRusfEES' EXPENSES AND REMUNERATION During the year £2,947 (2024 - £2,113) was reimbursed in out-of px)cket expenses to 13 members (2024 - 14) of the Council Genernl. This consisted of 1Mbur5ernents of trdvel expenses to meetings. The Superior General who is a CBS Truste was paid expenses £l,(K)5 for trnvel costs incUed on Charity business in the year (2024 - £1,029) There were no outsLqnding balances due to or from Trustees at the year-end (2024 - nil}. No officer or Trustee of the CBS received any remuneration for work undertaken on behalf of the CBS. Father Darren Smith is the General Secw of Additional Curates Society and Trustee of the Confraternity of the Blessed SacrdmenL Grants totalling £Nil (2024 - £12,749) were made to the Additional Curates Society. The following additional payments wat tnade to Additional Curates Society in the year: 2025 2024 Administration supp)rt Quarterly paper OtTice Costs Meeting costs Cathehetical work 12,5(X) 8.328 346 271 12.500 11.235 1,840 380 4,700 21,445 30,655 There was no balance due to or from AddAtiot]al Curates Society at 31 January 2025 (2024 - £nil) DONATIONS AND LEGACIES 2025 2024 Donations from members Other income 1,407 485 1,755 14-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registsred Cbarity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2025 INVESTMENT INCOME 2025 2024 Interest on investments 95,476 94,032 Interest on cash deposits 3,877 3,976 ANALYSIS OF CHARITABLE ACTIVITIES The charity undertakes its charitsble activities through grdnt making and awarded grants to a number of individuals and institutions in furtherdnce of its charitable activities. Support and goverDADce Activities UDdertaken directty Grant funded activity 2025 Tot21 2024 Total Note Funded from UDrestricted funds: Superior general expenses Quarterly papers Printing &stationery Cathehetical work Meeting and travel costs Grants ACS support Independent exan11non Depreciation Other National Festival I,5 11,012 1,005 11,012 1,029 11,161 1,3 4,71 2.l13 . 86.84(5. 12,500 2,835 2,073 618 317 2,947 ?.Q47 4Ji 64? 12,51KI 2.975 2.074 365 1.189 48,642 9,51X) 2.975 2.074 365 1,189 18.592 58,142 5,975 82,709 125,486 15-
THE CONFRATERNrrY OF THE BLESSED SACRAMENT Registered Charlty No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2025 ANALYSIS OF GRANTS The grants arc in furtherdnce of the main objects as set out in the Trustees, Annual Rq)ort. The trustees. policy for making grants is to consider applications and prioritise those grants seen as purniing the objectiv&s most effici¢ntly. Choir Church Contribution to instruction Church screens Support of festivals and pilgrimages Sustain and develop musical life Lay worker Sacred vessels and vestments Repair Altar Frontsl 1.500 1.51)0 6,000 17,942 12.000 200 3,500 4&642 GOVERNAIYCE COSTS 2025 2024 Allocated overheads: ACS Admin Support 3.000 3,000 Direct Costs Independent Examination Fee 2.975 2,835 Total 5,835 ANALYSIS OF STAFF COSTS Al RE[uNERATIoN OF KEY MANAGEMENT PERSOIYNEL The charity has no employces: staff costs are thcrefore nil (2024 - nil). 16-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Reglstered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS {Continued) For the year ended 31 January 2025 10. TANGIBLE FIXED ASSETS Sacred Vessels Fixthre$, Fittings & Equipment & Regalia Total COST l Fcbruary 2024 Additions 35,433 6.292 41.725 31 January 2025 35,433 6.292 41,725 ACCUMULATED DEPRECIATION l February 2024 Charge for the year 31.768 1,996 5,667 78 37.435 2,074 31 January 2025 33,764 39,509 NET BOOK VALUE 31 January 2024 3,665 625 4,290 31 January 2025 1,669 547 2,216 17-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2025 11. FIXED ASSET INVESTMENTS CCLA InvestD)eDts Market value at 31 January 2024 Gains l (Losses) in the year Investment additions 4,073,645 313.287 Market value at 31 January 2025 4J86,932 Madcet value at 31 January 2023 Gains l (Losses) in the year Investment additions 3,843.674 229,971 Markel value at 31 January 2024 4.073,645 2025 2024 Inveslments per Type.. Multi-asset pooled funds Pooled Fund- Bonds 4,379,501 7,431 4,066,475 7.170 86,932 4 073 645 Investments are held primarily to provide an investment return for the charity. They are listed on a reCOlSed stock exchange. Holdings in common investment fijnds, 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 investhjents comprising MO than 50/0 of the market value of the tot investment wrtfolio are as follows: 2025 2024 CCLA - CBS Capital Growth Fund CCLA Fund 614,832 3 677.650 567,690 3 427681 84% l8-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registsred Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS {Continued) For the year eDded 31 JaDllary 2025 12. DEoRs 2025 2024 Prepayments 986 13. CREDITORS: Amollnts falling due witbin One year 2025 2024 Accruals 4,672 2,835 4,672 2,835 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 2,216 4,386,932 69,201 (4,672) 2,216 4,386,932 69.201 (4,672) 4,453,677 4,453,677 The unrestrtcted fimd is for the furthrnce of the objects of the Confiaternity: (a) to honour Jesus Christ our Lord in the Blessed Sacrament of his Body and Bl(M) (b} to pray for one another at the EucharisL (c) to observe and promote careful preparation for Holy Communion including the Eucharist fasL (d) the reverent and dignified Celebration of the Eucharist and the reservation and veneration of the Blessed SacramenL (e) the continuance of the Catholic priesth (fj Catholic theological teachin& learning and developmenL -19-
THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Cbarity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (CoDtinued) For the year ended 31 January 2025 15. FUNDS RECONCILIATION Balance at I IDcoming Outgoing February Resources Resources 2024 Investments Balance at 31 gaiD(lo$se5) January 2025 Restricted Funds Unrestricted Funds 4,121,854 101,245 (82,709) 313,287 4,453,677 121,854 101345 (82,709) 313387 453,677 16. FINANCIAL COMMITMENTS ital commitments At the year end the Charity committed to. but not paid grants totalling £nil (2024.. £nil). There were no other capitsl commitments autlM)rised and contr¥ted for in the year (2024 - £nil). 17. IYOTES TO THE CASH FLOW STATEMENT Reconciliation of net incomel(expeDditure) to Det cash flow from operating aetivitiej 2025 2024 Reconciliation of net income/{expenditure) for the rep)rting period (as per the statement of financial activities) Adjustments for: 331,823 204,248 Depreciation charges (Gainsylosses on investments Dividends, interest and rents from investments Decrease/(in¢rease) in debtors Increasel(decrease) in creditors 2,074 (313.287) (99,353) 986 1,837 2,073 (229.971) (98,008) (75) 135 Net cash (used in) operating activities 121598 Analysis of usb and Cash equivalents 2025 2024 Cash in hand and at bank Total cash and casb eqllivalents 69,201 69,201 45,768