THE CONFRATERNITY OF THE BLESSED SACRAMENT ANIYUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Registered Charity Number 1082897 THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity N¢x 1082897 CONTENTS Page Le8ai and athninistrative infonnation Trustees. Annual Report Stsiement of Trustees, responsibilities Independent Examiner's reFM)rt Swement of Financial Activilies Statement of Financial Adivities for 2025 Balance Sheet Statement of Cashflows 10 Nofrs to the Financial Statem¢nts 11-20 THE CONFRATERNITY OF THE BLESSED SACRAMENT Regigtered Charity No. 1082897 LEGAL AND ADMtNISTK4TIVE INFORMATION Trustees: The Right Reverend Roger Jupp- Superior Genernl (elected ?4.11.25) The Right Reverend Glyn Webster- Superior General {re5igned 19.09.25) Father Darren Smith - Treasurer General lele¢ted 08.10.181 Father Paul Hutchins - Secretary Generdl (resigned 19.09.25) Father Peter Edwar(ts (elected 08.10.18. app)inted as Secretary General on 24.11.25) Father Joe5eph Dickson (elected 09.10.19) Father Ron Farrell (elected l.10.22) Father David Wa}. (elected 24.11.251 Address: Saint Luke's Chur¢h C'.ai'ersham Road Kingstanding Birminghaii) B44 OLW Banker5: Barclays Bank PIC 2 Victoria Street London SWIHOND Independent Ex%miDer: Nicholas Simkins Butts Fprni Great Haywood Staffordshire ST180TF lllve5tment Managers: CCLA One Angel Lane Lo[￿on EC4R 3AB THE CONFRATERNtTY OF THE BLESSED SACRAMENT Regigtered Charity 1082897 TRUSTEES, ANNUAL REPORT For the year ended 31 JaJbU*ry 2026 The tr￿st¢eS present their annual report arkd financial statements of the charity for the year ended 31 January 2026. The fman¢ial statements have been prepared in accordance with the ￿cOuntIng policies set out in noie 2 to the accounis and comply with the charity's trnsi deed, the Charities Aci 201 l and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance w&th the Financ&al Reporting Standard applicable in the UK and Republic of Ireland (effective January 2019)- OWECTIVES AND ACTIVITIES The Confrdternity 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 Sacrdmenl of his Body and Bloo(L Prnyer for one another at the Eucharist, Careful preparation for reception of Holy Communiorn including the Eucharistic fasL The reverent and dignified celebration of the Eucharist and the reservation and veneration of the Blessed SacramenL The ¢ontinuanc¢ of the catholi¢ priesthood. and Catholic theological ￿a¢￿In& l¢arning and d¢velopment. The main aclivities are achieved primarily by making grants of finance or ¢hurch requisites to parishes and clergy. PUBLIC BENEFIT The Trustees are aware ofthe Charities Act and the Charity Commission's Public Benefii guidance and have taken it into account when making any decisions. They have tiot had any re￿on to depart from this guidance. The Trnstees consider ihe inforniation which is contained in the report, about th¢ Charity's objectiv¢s, activities and a¢hievements. demonstrates the benefit to the public that arise from thes¢ objectives. STRUCTURE, GOVERNANCE AND MANAGEMENT The Confratemity of the Blessed Sacrament {CBS) is a registered ehartty. number 1082897. The Charity is governed by a Constitution which was amended after extensive con5uliation at the Council-Gen¢ral meeting on the 6th October 2014. The Charity is ¢onsiituted by a group of Trustees appointed by the Council-General of the Charity. No oificer of the CBS received any remuneration for work undertaken on behalf of the CBS. The Council-G¢neral consists of th¢ General Officers {Superior-Gener&l, TreaSurer￿eneral and Se¢retsry-Generai). the representatives of Districts, and Honorary Members. The Superior-General is elected by the council￿eneral 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, he resigned 19 September 2025. The Right Reverend Roger Jupp was appoint¢d as Superior- Gen¢ral on 24 Nov 2025. The Treasurer-Gen¢ral is elected annually by the Council-Generdl. The S¢cretary-Generdl is appointed by the Superior- Generdl. The Representatives of Districts are the Distri¢l Superiors plus an addiiional representativ¢ for any Distri¢t having more than ten Wards. The Honorary Members are nominated by the Superior-General and approved by the Council-G¢neral. The annual meeting of the Council-General is the annual general meeting of the charity. The charity is managed by six Trustees. The Superior-General. the Treasurer-General and the Secretary General are eX￿[fiCi0 Trusiees. Three further Trustees are elected by the Council-General, the longest serving of whom retire5 by turn at the annual meeting of the Council General. THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 TRUSTEES, ANNUAL REPORT (Continued) For the year ended 31 January 2026 Key Ma￿￿geMent The key management personnel of the Charity are the Trustees. The day io day management of the charity is the responsibilily of the Superior General. who delegates particular areas of management to the Secretary General and the Treasurer Genernl. Risk Factors During ihe year the Trustees continued io monitor ihe major risk facto￿ facing the Charity and they remain satisfied that the existing sy5t¢ms and conirols are sutTicient lo mitigate those risks. During the year under review the Charity maintsined sound sv5tems of inlernal financial ¢ontrol. including procedures for authorisation of all trdnsaclions. Such procedures are kept LU)der on-going review in order io ensure thai they meet the Charity's needs. TRUSTEE MEETINGS During the financial year lo 31 January 2026, the Trustees met four times on 20 May 2025, 16 July 2025, 10 October 2025 (General Council} and 3 February 2026 (postponed from 27 January 2026). GRANT MAKING POLICY The Charity has established its grani 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-by1 69201 CREDrroKs: 12 {4ffl2) i•iJsJ 64J29 4.453.677 13114 13114 4.453.677 4.453,6TI IA Tpith se¢tkm 145 ofthc Clffjities Act 2011. the chwity is frtyp the mMliL The THE CONFRATERNITY OF THE BLESSED SACRAIVIENT Registered Charity No. 1082897 STATEME￿[ OF CASHFLOWS For ihe ye*r ended 31 January 2026 Note 2026 2025 Casb tlows from oper•ting activities: Net cash provided byllused in) operating activities 16a { 67,407) (75,920) Net ¢a8b provided by/(used in) oper4ting activities { 67,407) (75,920) Cash flows from investing aetilities: Dividends and interest from inv¢s¢ments New investments Fixed asset additions 102,484 99J53 Net cash provided byl{used in} iDvestiDg activities 102,484 99J53 Ch*nge in casb and ¢asb equivalents in the rewrting period 35,077 23,433 Casb and e4sh equhT4leDt5 at the begillnlDe of the period 69201 45,768 Ciyb cash equiv41eots at the end of th¢ reporting peri(Ml 16b 104278 69201 THE CONFRATERNITY OF THE BLESSED SACIL4MENT Re￿￿tered Cbarity No. 1082897 NOTES TO THE FINAI¥CIAL STATEMENTS For the year ended 31 January 2026 CHARITY INFORMATION The Confraternity of the Blessed Sacrdment is a charity registered in England and Wales No. 1082897. The addre55 is Saini Luke's Chui'Lh. ca￿er$haM Roa¢L Kingstanding. Bim]ingham, B44 OL W. ACCOUNTtNG POLICIES The principal accounting ￿)licieS adooed. judgements and key sources of estimalion uncertainty in the preparation of the financial statements are as follows.. BASIS OF PREPARATION The financial swements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Rewrting by Charities preparing their accounts in accordance with the Financial ReFK)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l Januarv 2019) and theChariti¢s Ad 2011. Assets and liabilities are in11i￿]Y recognised at historical ¢ost or transaction value unless otherwise staled in the relevant a¢¢ounting policy notds). The functional and pr¢s¢ntaiional Currency 15 GBP and th¢ accounts are rounded to the nearest £1. b) INCOME RECOGNrrioN All income is recognised once the charity has entitlement to the income. it is probable that the iEwme will be received and the amount of income receivable w) be measured reliably. Legacies are credited to th¢ accounts when they have kn notified to the tsvstees 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 gross. unless the event that a donation is subjea to ¢onditions thai requi￿ a level of Ferfomiance before the charity is entitled to the fimds. In this ease the income is deferred and noi ￿cOgnIsed until ¢ither those conditions atr fully meL or the f￿filment of those cormlitions is wholly within the control of th¢ charity and it is probable that those conditions will be fulfilled in the rewrting 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 £34,877 12025 a surplus £18,536). There were unrealised losses on the markei value on investments of £401,862 (2025: gain £313.287). At 31 January 2026. net &8sets amounted to £4,086,692 which included £104,278 in the bank and an investment portfolio with a market value of £3.985,070. The Trustees considerthai the level arEd nature of the financial reserY¢s ai 31 January 2026 does not impact upon the assumption that the Charity is a going Concern. THE CONFIL4TERNITY OF THE BLESSED SACRAMENT Re218tered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year eDded 31 January 2026 d) RESOURCES EXPENDED Liabilities are recognised as expenditure as soon as there is a legal or constN¢tive obligation committing the charity to thai eX￿nditure. it is probable that settlement will be required and the amount of the oblig￿lon Can measured reliably. EX￿ndIn￿e is charged on a¢cruals basis. Costs are charged to the generdl fund unless the cost is specifically identifiable with the restricted fund. ExFenditure in¢luded in charitable activities comprises costs of promoting supporting the objects of the cherity. Grants are charged 81 the p)int a commitmeni is made by the Trustees and in the we of ongoing supp)rt when there is an expectslion by the grantee that a grani will be received. The appropriate share of costs are Charged on an accruals b￿lS and are charged to the generdl fund unless the cost is specifically identifiable with the restricted fund. IRRECOVERABLE VAT The Charity is not registeml for VAT. Irrecoverable VAT is included within the relevant extthse on which it is charged. ALLOCATION OF SUPPORT AND GOVERNANCE cO￿s Gov¢mance c¢)sts cotnprise all costs involving the public a¢¢ountability of the charity and its compliance with regulation and good practice. These costs in¢lude costs related lo independent examination. accounts and legal fe¢s together with an apportionment of overhead and 5UPPOrt costs. These are charged 7511/0 lo direct charitsble activities and 25Vo to governance costs. g) TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are stated at cost less depreC1￿]0n. Expenditure is capitalised if it is anticipated to be of an enduring benefit exceeding one vear. l*ms under £100 are not capitalised. D¢precialion is provided at rates ca]culat¢d to write off the cost less estimated residual value of each asset ovv its expeclgj useful life, as follows= Sacred vessels Fixtures, fittings & equipmeni Regalia IOVO per annum on co 33Vf• per annum on cos¢ IIP/• annum on cosi THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Cbarity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For tbe yeAr ended 31 JAnu4ry 2026 INVESTMENTS Investtnents are a fonn of basic finan¢iai instntrnent and are initially recognised at their transaction value and subsequently Measl￿ed at their fair value &8 at the balance theet d￿e using the closing quoted market price. The ststement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acquire options. deliv￿1Ve5 or other complex financial instruments. The main fornj of financial risk faced by ihe charity is thai of Yolatility in equity markets and investment markets due to wider ¢conomic conditions, the attitude of investot3 to investment risk, and changes in sentiment concerning uities and within pgnicular sectors or sub secto￿. INVESTMENT GAINS AND LOSSES All 8ains and10sses are taken to th¢ Ststement of Financial Activities as they arise. Realised gains and10sse5 on investments are calculal¢d as the difference between sales proceeds and their opening carying value or their Plkrchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated ￿ th¢ difference between the fair value at the year end and their carrying V￿U¢. Realised and unrealised investment gains and losses are combined in the Swement of Financial Activities. FINANCIAL INSTRUMENTS The Charity only has financial assets and financial liabilities of a kind that qualify Is basi¢ fitwicial instnunents. Basic financial instruments are initially recogni5ed at transaction va]ue and subsequendy measured ￿ their settlemenl. Financial assets that are measured at ￿st and amortised cosi are assessed at the end of each re￿)rtIng period for objective evidence of impaim)ent. If objective evidence of impaiment is foun(L an impairnient loss is recognised in the St￿ement of Financial Activiti¢s. Financial assets that are measuredat fair value are valued based on valuations obtained ai the yw*nd. k) JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY In preparing the Financiat Statements, matfdg¢ment is required to make estimates and &ssumptions whi¢h affect reported income, expenses. &8sers, liabilities and disclosure of contingent assets and liabilities. Use of available inforniation and application ofjudgement are inherent in the forniation of estimats, together with expectstions of future events that are believed to be reasonable under th¢ circumstances. Actua] results in the futwe could differ from such estimates. There are no key assumptions or other sources of estimation that have a SI￿1r1￿1t risk of causin8 a material adjustment to the carrying values of assets and liabilities within the next financial year. THE CONFRATERNITY OF THE BLESSED SACRAMENT Rw8tered Charity 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued For the yegr ended 31 January 2026 RELATED PARTY TRANsA￿loNs AND TRusfEES' EXPENSES AND REMUNERATION During the year £1,547 (2025 - £2,947) was reimbursed in out-of pockel expenses to I I members (2025 - 13) of the Council General. This consisted of reimbursements oftravel expense5 to meelings. The Superior Genernl who is a CBS Truslee was paid expenses £591 for travel costs incurred on Charity bwiness in the year (2025- £1,￿5} There were no outsthnding balances due io or from Trustees at the year*nd (2025- ntl). No officer or Trustee of the CBS received any remuneration for work undertaken on behalf of the CBS. Father D8rren Smith is the Gen¢rnl Secretsry of Additiort￿ Curdtes So¢iety and Tn￿lee of the Confrnternity of the Blessed Sa¢rament. Grants lotalling £Nil (2025- £12,749) were made to the Additional Curdles Society. The following &dditional payments were made to Additional Curates Society in the year.. 2026 2025 Administrdtion support Quarterly paper Offi¢e costs Meeting costs 12.500 8.328 346 271 11,149 71 11220 21,445 There was no balance due to or from Additional Curates Society at 31 January 2026 (2025 - £nil) DONATIONS AND LEGACIES 2026 2025 Donations from members Other in¢ome .547 266 1,407 485 1,813 1,892 THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2026 INVESTMENT INCOME 2026 2025 Inlerest on investments 97,872 95.476 Interest on cash deposits 4.612 3.877 102 484 ANALYSIS OF CHARITABLE ACTtVlTIES The charity undertakes its ¢harttsble activities through grdnt making and awarded grants to a number of individuals and institutions in furth¢rance of its chariiable activities. Support and goverDance eosts A¢tlvities IIDdertakeD Directly Grant funded activity 2026 Total 2025 Total Note Funded from uNre5tricted funds: Superior general expenses Quarterly papers Meeting costs Trnvel costs Grants ACS support Independent examination Depreciation Sundry National Festival Professional and legal fees 591 11.367 901 1.547 591 11,367 1,005 1.012 1.547 44,5(M) 2.947 48.642 12,500 2.975 2,074 365 1,189 44.500 3.125 3,125 1.747 840 1,49) 3.312 io 1.747 840 1,490 3,312 44,51)0 THE CONFRATERNITY OF THE BLESSED SACRAMENT Regig¢ered Charity No. 1082897 NOTES TO THE FtNANCIAL STATEMEKfs (Continued) For tbe ye8r ended 31 January 2026 ANALYSIS OF CRANTS Tre grants are in fLlltherance of the main objects as set out in the Trustees, Annual Report. The trustees, p)li¢y for making grdnts is to consider applications and prioritise those grdnts seen as pursuing the objectives most efficiently. Choir and music support Teaching programmes Repairs and resioration of churches Support of festivals and pilgrimages Parish mission worker 8,100 1,800 2,0(K> 20,600 12,000 GOVERNANCE COSTS 2026 2025 Allouted overheads: ACS Admin Support Direct cogls Independent Examination Fee 3,125 2,975 Totsl ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL The charity h&$ no employees; staff costs are therefore nil (2025 - nil). 16- THE CONFRATERNITY OF THE BLESSED SACRAMENT Regtstered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (CoDtinued) For the year ended 31 January 2026 10. TANGIBLE FIXED ASSETS Sacred Vesselg Fixtllres, Fittings & Equipment & Regalia Tot41 COST l Febnwy 2025 Additions 35.433 6.292 41.725 31 January 2026 35,433 6292 41,725 ACCUMULATED DEPRECIATION l February 2025 Charge for the year 33,764 1,669 5,745 78 39,509 ,747 31 January 2026 35,433 S.823 41256 NET BOOK VALUE 31 January 2026 469 469 31 January 2025 1,669 547 2316 THE CONFRATERNITY OF THE BLESSED SACRAMENT Regtstered Cb*rity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2026 11. F￿ED ASSET INVESTMENTS CCLA IDvestmellts Markd value at 31 January 2025 Gains / (Losses) in the year Investment additions 4,386.932 (401,862) Market value at 31 January 2026 3,985,070 Market value ￿ 31 January 2024 Gains / {Losses) in the year Investmeni additions 4.073,645 313,287 Market value at 31 January 2025 4J86,932 2026 Inveslmenisper TJi>e.' Multi-asset pooled fund5 P￿led Fund- Bonds 2025 3,977.474 7,596 4,379,501 7.431 3 985 070 ￿932 Investments are held primarily lo provide an inv¢stmeni for the charity. They are listed on a r￿ogniSed stock exchange. Holdings in common investment funds. unit trusts and O￿n-ended investment companie5 are at the bid pric¢. The b&sis 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 tra[￿actIOn value). Details of investments comprising more than 5Yo of th¢ market value of th¢ total investment portfolio as follows: 2020 2025 CCLA- CBS Capital Growth Fund CCLA Fund 572,487 3 326,283 14Vo 830/0 614,832 3.677 650 14Vo THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continu¢d) For the year ended 31 January 2020 12. cRED￿ORS. Amounts falllng due Jwithin oDe year 2026 2025 Accrua]s 3.125 4,672 3,125 672 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unre8lri¢ted Funds FuDd3 Totsl Tangible Fixed Assets Investments CutY¢nt Assets Creditors". amounts falling due within one year 469 3,985,070 104,278 (3,125) 469 3,985,070 104.278 (3,125) 086,692 4,086,692 The unrestri¢ted fimd is for the furtherdnce of the objects of the Confraternity.. (a) to honour Jesus Christ our Lord in th¢ Blessed Sa¢rdmeni of his Body and Bloo (b) to pray for one another at the EucharisL (c) to observe and promote cattful prepa￿lon for Holy Communion including the Eucharist fasL (dl the reverent and dignified celebration of the Eucharist and the res¢rvation and veneration of the Blessed Sacrdment. (e} the continuance of the Catholic pri¢sthoo (D Catholic theological teachin& learning and development. THE CONFRATERNITY OF THE BLESSED SACRAMENT Registered Charity No. 1082897 NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 January 2026 FUNDS RECONCILIATION Balance at I Incoming Outgoing February Resources Resources 2025 IDve5tments Balanee at JI gainsloosses) Jgnuary 2026 Restricted Funds Unrestricted Funds 4.453.677 104,297 (69,420) (401,862) 4.086.692 4,453,677 104.297 (69,420) (401,862 4,086,692 IS FINANCIAL COMMITMENTS ital commitments At the year end the charity had committed to, but not paid grants totailing £nil (2025.. £nil}. There were no other capital commitments authorised and contracied for in the year (2025- £nil). 16. NOTES TO THE CASH FLOW STATEMENT RecoDeiliatioD of net income1(￿pendIthr¢) ¢0 net Ca5b liow from operatiDg activities 2026 2025 Reconciliation of net incomdlexpenditure) for the reFX)rting period (as per the statement of financial activities) Adjustments for.. (366,985) 331.823 Deprtriation charges (Gains)Ilosses on investm¢nts Dividends. interest and rents from investments Decre&se/(in¢rease) in debtors Increa￿(decrease) in creditors .747 401,862 (102,484) 2.074 (313,287} (99.353) 986 1,837 (1.547) Net cash (used in) operating activities 67,40 An*tysis ofcasb and ¢8$h equivalellts 2026 2025 Cash in hand and at bank Totsl cash and cash equivalents 104,278 69,201 69,201 -20-