CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Registered charity number 1137317 (England) Registered company number 07333172 IEnglarvJ and Wales) Registered Office.. 63 Jeddo Road. London. W12 9EE
CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Directors. who are afso the Trustees, present their report and the financial statements for the year ended 31 December 2022 1 Reference and Adminislrative Inf0mtIon The registered name of the chartty is Catholic Unh)n Charitable Trust Limited {CUCT). The address al which CUCT can be contacted is ils gIStered offi, 63 Jeddo Road, London, W12 9EE. The tTUStees who served during the year and up to the date of this rewrt were James Bogle IChaim)an} Richard Collyer-Hamlin (appointed 15 November 20221 Christopher Colven {resigned 15 November 2022) Veronica Fulton lappointed 15 NOVemr 2022) Michael Henderson Thomas Martin Sarah Nagle (resigned 15 November 20221 Michael Pntchett lappointed 15 November 20221 Robert Rigby Priscilla Sharp {resned 15 Novefflber 2022) Bernard Waddingham None of the Trustees has any beneficial Inte$t in CUCT. All the Trustees are rrEmbers and Directors of CUCT 2 ètrtructure, Governance and Management CUCT was registere(l as a company limited by guarantee, number 07333172, on 2 August 2010 and with the Charities Commission for England and Wales as a charity. number 1137317, on 6 August 2010. CUCT is governed by its Memorandum and Articles of Assoctab"on which were adopted on 2 August 2010. New Trustees are appointed by exists'ng Trustees. The Trustees have given consideration to the risk5 to whh CUCT is eX[d and satisfied themsetves that systems or procedures are in place to manage those risks. Wrthin that review, the Trustees reviewed the adequacy of CUCT'S intemal controls. 3 Objects and Activities cucrs objects are the advancement of the Catholic religion for the public benefft by advancing Catholic mora and spiritual principles by holding educational seminars and conferences and other appropriate means. The Trustees have complied with their duty to have due regard to publ benefft guidance produced by the Charity Commission Funds are raised by appeals to indNiduals and charities. 4 Achievments and Perforrnan¢e Standing order donations were £22.500. much the same as those of the previous year {£22.900) which had included a one-off donation. Most donatFons exp1 those from charibes are eligible for gfft aid and £5,000 was received {2021-. £5,000). Activities in 2022 were limlted because of the restrictsons imrKised in relatioll to coronavirus. Durin9 the year, £1,00012021." £7001 was spent on lectures, £50012021.. £3001 on the Catholic Young Wrtter of the Year Award and £50012021.. £nill on the Lord's Prayer Proj The impact and benefft of the charttable activ"eS whth CUCT funds are very clear for those with whom we engage and whom we reach, even in the drffiojlt context of the Covid-19 pandem. The funding for the CUCT Catholic Young Wrrter of the Year Award provided students in Calholic Secondary Schools with the opportunity to wnsider more dpIY particuL4r aspects of their cathol faith, whilst at the same bme developing their cieatwe writing skills. The on-line lectures hosted by CUCT this year continued as in previous years to provKle a distinctly Catholic input into the wider debates conceming religion and politi"r3. They included the annual Craigmyle Lecture, given this year by Baroness Hollins {a crossbench lrfe peer and fomier President of both the Royal College of Psychiatrists and the British Medical Ass(Kiab"on} speaking on the subject of 'Keeping Children and Vulnerable Adult5 Safe - Insights from the Vats"can'. Other events hosted by CUCT in 2022 included a tslk by Dr Dermot Kearney, who spoke passionately about his experien of treatments offered to women who wsh to reverse the effect of a drug taken to produce an atxjrtion, and one by Alasdair Henderson. a barrisler and Commissioner of the Equality and Human Rights Commission, who spoke about the work of the Commission.
CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 {¢ontinued) S Financial Review Donations received during the year were £22.500 {2021." £21.880}. These were augmented by gift aid of £5,000 {2021.' £5.0001, investment income of £3,200 12021. £2,700) and interest of £100 {2021.. £nil}, gtving total income of £30,800 12021". £30,600). ExFEnditure on charitable activrtbes, including allocated expenditure, amounted lo £22.900 {2021 £18,900). Fund-raising eXndItUre was £8,700 12021-. £7,500). Administration and govemance costs were £6,100 12021. £5.4001. Total expenses were £37,700 12021.. £31,800) These amounts included £32,200 12021.. £27,0) incurred by charges from The Catholic Union of Great Britain ICUGBI for services provided by its staff. Before lunrealised osses and gains or¢ investments. expenditure exceeded income by £6,90012021'. £1.1001. The market value of the investments at the end of the year was £109.80012021' £123.2001, an unrealised loss of £13,40012021. £9,600 gain} The charity's net assets reduced during the year from £147,000 to £126.700 of which £109.800 is held in investments and £16,100 is in a bank deposrt account. 6 Reserves Policy The Trustees will build up reseryes so that at the end of any financkgl year, there are sufficient serveS to cary out the proposed acb"vib"es for the following year. 7 Tntstees. responsibilities The Directors, who are also the Trustees, are responsible for preparing the Trustees, Report and Financial Statements in accordance with applicable law and Untied Kingdom Accounb"ng Standards (Uniled Kingdom Generally Accepted Acix)unting Practice). The law applicable to chanties in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of the incoming resources and application of resources, including the income and exnditure, for that year_ In preparing the financial slatements, the Trustees are wuired to ~ select suitable accounting policies and appty them consistently.. - observe the methcxjs and principles in the Charitses SORP., - make judgements and estimates that are reasonable and prudent.. stale whether applicable accounbng standards have been foilowed, subject to any departures disclosed and explained in the financial statements,. and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the charity will continue in operalion. The trustees are responsible for keeping proper accounting records that disclose with reasonabbe accuracy at any time the financial position of the charity and enable them to enstjre that the financial staternents comply wlth the Companies A¢t 20. the chartti.es Act 2011, the Charities {A¢¢ounts and Reports) Regulations and the provisions of the Memorandum and Arb"des of Associab'on_ They are also responsible for saleguarding the assets of the company and for takn'ng reasonable steps for the preventron and detection of fraud and other irregularities. Approved by the Trustees on 21 June 2023 IL_JILJ. Thomas J Martin Trustee and Secretary
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CATHOLIC UNION CHARITABLE TRUST I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 December 2022, which are sel out on pages 5 10 7. Responsibilities and basis of report As the trustees of the chanty company land also rts directors for the purposes of company lawl, you are responsible for the preparation of the financ1 statements in accordan wth the requirements of the Companies Act 20061'lhe 2006 Act,). Having satisfied myself that the financial statements of the company are not required tr) be audited for this year under Part 16 of the 2006 Act and are eligible for Independent examination. I report in respect of my examination of your charity's financial statements as carried out under secbon 145 of the Charities Act 2011 I'the 2011 Act'l. In carying out my examination, I have followed the Directions given by the Charity Commission under sectior¢ 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connectson with the examination giving me cause lo believe that.. - accounting records were not kept in respect of the company as required by secb.on 386 of the 2006 Act., or - the financial statements do not ac(x)rd with those accounting records," or the financial statements do not comply with the accounting requirements of secb.on 3% of the 2006 Act other than any requirement that the financial stslements give a 'true and fairf view which is not a matter considered as part of an independent examination". or - the financial statements have not been prepared in accordance th the chariti.es SORP IFRS 1021. I have no concerns and have come across no other matters in connection with the examinats'on lo which attention shou5d be drawn n this report in order lo enable a proper understanding of the financial statements lo be reached. £IskT£ LOLS Peter Seed FCA Moorgate Accountancy Ltd Chartered A¢counlanls Downview House 141-143 Station Raod East Oxled RH8 OQE
CATHOLIC UNION CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note INCOMING RESOURCES Donations Standing orders One-off 21.880 1.000 4.978 2.752 Gift aid Investment income Interest 3,241 89 Total income 30.815 30,612 RESOURCES EXPENDED Expenditure on charitable activities Fundraising expenditure Administration costs Governance costs- independent examination fee Total expenditure {22.882) 8,695) (S,217) 1950) 137,744) {18,911) 17,464} (4,478) 1900) 131,753} Net expenditure for the ygar before revaluation of investments Unrealised Ilosse5dllgains on revaluation of investments Net movement in funds 16.929) 113.3841 120.3131 11,141) 9,660 8,519 Reconciliation of funds Total fvnds brought forward Total funds carried forward 147.008 138,489 147.008 126,695 The Statement of Financial Activities complies with the requirements under the Companies Act 2006 for an Income and EXndItUre AccounL
CATHOLIC UNION CHARITABLE TRUST BALANCE SHEEf AS AT 31 DECEMBER 2022 2022 2021 Note Flxed assets Investment$ RathLKine Income and Growth Fund 82,567 unrts Cost Revaluation 100,000 9.839 100,000 23,223 123,223 109,839 Offlce equipment Total fixed assets 109.839 123,223 Current assets Prepayments Debtor Cash at bank- deFxisit current 635 1.027 16,030 1,141 18,833 638 21,450 2,657 24,745 Liabilities Creditors falling due within or¢e year Net current assets {1,977) 16,856 19601 23,785 Total assets less current liabilities. total net assets 126,695 147,008 Funds of the charity Unrestricted funds 126.695 126,695 147,008 Total charity funds 147,008 The company is exempt under the Companies Acts from the requirement for an audit. The financial statements were approved by the Trustees on 21 June 2023 James Bogle Chai¥man B. J. Vvaddingham Trustee and Treasurer
CATHOLIC UNION CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 Accounting polieles The principal accounting poltcies adopted, judgments arKI key sources of estimation of uncertainty in the preparation of these financial statemerts are as follows. 2 Basis of preparalion These Financial Slatemenls have been prepared under the historical cost convention and in accordance with Accounting and Reporb"ng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporb"ng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (eff1]Ve 1 January 20191 {Charitses SORP IFRS 102}l and the Charities Act 2011. The compally is entitled to exempth.on for the year ended 31 December 2022 from the audit requirement contsir¢ed in section 477 of the Companies Act 20. No member of the company has deposited a notice pursuant to SeCtn 476 of that Act requinng an audrt of these financial statements. These accounts have been prepared in accordance with the special provisions relaling to small companEs within Part 15 of the Companies Act 2006. 3 Analysls of Expendlture The trustees have detennined that the ¢hartVs expenditure other than direct charitable expenditure and governance costs should be allocated to charitable expenditure (60OA) and fundraising {25%1 with the remaining 150A being administration ¢osts. Charitable expenditure 2022 2021 Direct Allocated 2,013 20.869 999 17,912 22,882 18,911 Fundraising expenditure 2022 2021 k)cated 8,695 7.464 Administration expenditure 2022 2021 Administration Less allocated to Charilable expendrture {60°A) Fundraising expendrture {25% Balance to administrakn.on costs115%) 34.781 29,854 (20,8691 18.6951 5,217 {17,9121 {7,4641 4,478 4 Fixed assets Office equipment Cost Depreciation Nel At 31 December 2022 and 2021 589 15891 5 Trustees None of the trustees or any person iJ)nnected them received any remuneration or reimbursement of expenses during the year {2021'. ne)- 6 Employees There were no employ5 during the year12021". none). Induded expenditure ts the cost of salaries of £32,18312021'. £26.966) recharged from the cathol Union of Great Britsin.