Docuslgn Enveloptr ID.. 2420094B-B1F34B58-9751-784C56CD4B46 CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES, REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered charity number 1137317 (England) Registered company number 07333172 (England and Wales) Registered Office.. 63 Jeddo Road, London, W12 9EE
Docusign Envelope10". 24200948-81F3-4858-9751-784C56CD4B46 CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Directors, who are also the Trustees, present their report and the financial statements for the year ended 31 December 2024 1 Reference and Administrative Informatlon The registeied name of the charity is Catholic Union Charitable Trust Limited {CUCT). The address at which CUCT can be contacted is its registered office. 63 Jeddo Road, London. W12 9EE. The trustees who served during the year and up to the date of this report were James Bogle {Chairman to 1 February 20241 Richard Collyer-Hamlin Veronica Fulton Michael Henderson Peter Hindmarsh (appointed on and Chairman from 3 February 20241 Benedict Jennings Thomas Martin Michael Pritchett Robert Rigby Bernard Waddingham (resigned 5 March 2024) None of the Trustees has any beneficial interest in CUCT. All the Trustees are members and Directors of CUCT 8nd each guarantees to contribute £1 in the evenl of CUCT being wound up. CUCT banks wilh CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, Wesl Malling, ME19 4JQ. 2 Structure, Governance and Management CUCT was registered 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 ils Memorandum and Articles of Association which were adopted on 2 August 2010. New Trustees are appointed by existing Trustees. The Trustees have given consideration to the risks to which CUCT is exposed and satisfied themselves that system5 or procedures are in place to manage those risks. Within that review, the Trustees reviewed the adequacy of CUCT'S internal controls. 3 Objects and Activltles CUCT'S objects are the advancement of the Catholic religion for the public benefit by advancing Catholic moral and spiritual principles by holding educational seminars and conferences and other appropriate means. Th8 Trustees have complied with their duty to have due regard to public benefit guidance produced by the Charity Commission. Funds are raised by appeals to individuals and charities. 4 Achlevrnents and Perfomiance Standing order donations were £51,495, an increase from those received in 20231£25,115). There was a major appeal and one-off donations of £56,459 were received. Most standing order donations and some one-off donations were eligible for gift aid and £10,974 was claimed12023.' £13,124). The annual Craigmyle Lecture was sponsored in 2024 and so there was no cost to CUCT (2023.. nil). During the year, £163 {2023'. £300> on the Catholic Young Writ8r of the Year Award. The impact and benefit of the charitable activities which CUCT funds are very clear for those with whom we engage and whom we reach. The funding for the CUCT Catholic Young Writer of the Year Award provided students in Catholic Secondary Schools with the opportunity to consider more deeply particular aspects of their Catholic faith. whilst at the same time developing their creative writing skills. The wide range of lectures and other events hosted by CUCT this year continued as in previous years, with the objective of providing a distinctly Catholic input into the wider debates concerning religion and politics. These lectures and events included a series of 'pub talks, by prominent Catholic figures on subjects including the Church in China, as well as hosting a lecture with the Ampleforth Society by Lord Deben on 'Gospel Imperative for Climate Action.. The CUCT also organised a panel discussion in partnership with Church of the Immaculate Conception, London, on Leadbeater'5 A5SiSted Dying Bill. It continued to sponsor the annual Craigmyle Lecture, which in 2024 was given by Professor Tom Shakespeare, Professor of Disability Research at The London School of Hygiene and Tropical Medicine. All the events enjoyed strong attendance and positive feedback.
Docusign Envelope10'. 24200948-81F34858-9751-784C56CD4B46 CATHOLIC UNION CHARITABLE TRUST DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued) 5 Flnanclal Review Donations received during the year were £107.954 12023.. £127,464). There was a significant increase following the prior year's work in regular donors but the amount of one-off donations fell. Gift aid reclaimed fell slightly from £13,100 to £10,984. Investment income was of £3,610 {2023'. £3,559) and interest receipis were £1.701 (2023.. £6511, feflecting the increase in interest rates but also the increased cash balance. Total income fell from £144,798 to £124,255. Expenditure on charitable activities, including allocated expenditure, amounted to £47,353 (2023.. £67,293), the reduction reflecting the reduction in grants to the Catholic Union of Great Britain with the Catholic Union Charitable Trust instead reimbursing all the staff costs during the year. Fund-raising expenditure was £19,653 (2023.. £13,347). Administration and governance costs were £12,797 (2023. £9.0081. Total expenses were £79.813 {2023'. £89.6481. These amounts included £73,411 {2023.. £50,654) incurred by charges from The Catholic Union of Great Britain (CUGBI for services provided by its staff. Before unrealised gains and losses on investments, income 8xceeded expenditure by £44,44212023. £55,150). The market value of the investments at the end of the year was £119,763 (2023.. £113,967), an unrealised gain over the year of £5,796 (2023.. £4,128). The charity's nel assets increased during the year from £238,211 to £185,973 of which £119,763 is held in investments and £65,966 is in a bank deposit account. 8 Reserves Pollcy The Trustees will build up reserves so that, al the end of any financial year. there are sufficient reserves to carry out the proposed activities for the following year. 7 Trustees, responslbllltles The Directors, who are also the Trustees, are responsible for preparing the Trustees, Report and 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 Truslees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity as at the balance sheet date and of the incoming resources and application of resources, including the income and expenditure, for that year. In preparing the financial stat&ments, the Trustees are required to select suitable accounting policies and apply them consislenlly.. observe the methods and principles in Ihe Charities SORP., makeiudgemenls and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial stalemenls., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with th8 Companies Acl 2006, the Charities Act 2011, the Charities (Accounts and Reports) Regulations and the provisions of the Memorandum and Articles of Association. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 12 September 2025 Siuni# by.. Trustee and Secretary
Docuslgn Envelope ID". 24200948-81 F3-4B58-9751-784C58CD4846 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 2024, which are set out on pages 5 to 7. Responsibilities and basis of report As the trustees of the charity company {and also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the financial statements of the company are not required to 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 section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145{5llb} of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. or the financial statements do not accord with those accounting records., or the financial statements do not comply wilh the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial stat&ments have not been prepared In accordance with the Charities SORP IFRS 102). I have no concerns and have com8 across no other matters in connection with the examination lo which attention should be drawn in this r8 ort in order to enable a proper understanding of the financial statements to be reached. Peter Seed FCA Moorgale Accountancy Ltd Chartered Accountants Moorgate House 7b Station Road West Oxted RH8 9EE
Docusign Envèlope 10.. 2420094B-81F3-4858-9751-784C56CD4846 CATHOLIC UNION CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note INCOMING RESOURCES Donations Standing orders One-off 51,495 56.459 10,984 3,610 1,707 124,256 25,115 102,349 13,124 3,559 651 Gift aid Investment income Interest Total income 144,798 RESOURCES EXPENDED Expanditure on charltable actlvltles Fundraising expenditure Administration costs Governance costs - independent examinatlon fee Total expendltur• (47,353) 119.663) (11,797) (1,000) (79,813) (67,293) (13,3471 {8,008} {1,000} (89,648) Net expendlture for tho year before revaluation of Invostments Unrealised {losses)Igains on revaluation of investments Net movement In funds 44,442 5,796 55,150 4,128 50,238 59,278 Reconclliation of fund8 Total funds brought forward Total funds carrled forward 185,973 126,695 236,211 185.973 The Slatem&nt of Financial Aclivit18s compli8S With the requirements under the Companies Act 2006 for an Income and Expenditure Account.
Oocusign Envelope ID.. 24200948_81F34858_9751_784C56CD4846 CATHOLIC UNION CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Investments Rathbone Income and Growth Fund 82,567 units Cost Revaluation 100.000 19,763 119,763 100.000 13,967 113,967 Current assets Prepayments Debtor Cash at bank - deposit - current 766 8,126 66.349 42,173 710 69,867 2,855 117.414 73,232 Llabllltles Creditors falllng due within one year Net current assets 1966 116,448 (1.2261 72.006 Total assets les8 current Ilabllities. total net assets 236,211 185,973 Funds of the charlty Unrestricted fund5 236,211 236,211 185,973 Total charlty funds 185,973 The company is exempt under the Companies Acts from the requirement for an audit. Th8 financial statements were approved by the Trustee5 on 12 September 2025 by., Siunodby. IID3d3?F7??,tFITr Peter Hindmarsh Chairman Benedict'Jennfngs Trustee
Docusign Envelope ID.. 2420094B-B1 F3.4B58_9751_784C56CD4B46 CATHOLIC UNION CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accounting policies The principal accounting policies adopted, judgments and key sources of estimation of uncertainty in the preparation of these financial statements are as follows. 2 Basis of preparation Thesé Financial Statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing thèir accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 (effective 1 January 2019) - (Charities SORP (FRS 1021) and the Charities Act 2011. The company is entitled to exemption for the year ended 31 December 2024 from the audit requirement contained in section 477 of thè Ctsrnpanies Act 2006. No member of the company has deposited a notice pursuant lo section 476 of that Act requiring an audit of these financial statements. These accounts have been prepared in accordance with the special provisions relating lo small companies within Parl 15 of the Companies Act 2006. 3 Analys1$ of Expenditure The Iruslees have det8rmined that the charity's expenditure other than direct charitable expenditur8 and governance cos15 should be allocated to charitable expenditure {60Yo) and fundraising 1250h) with the remaining 15% being administration costs. Charltablg expenditure 2024 2023 Direct Allocated 183 47,190 35.261 32.032 47,353 67,293 Fundraising expenditure 2024 2023 Allocated 19,663 13,347 Administration expandlture 2024 2023 Adrninislration Less allocated to Charitable expendilure160•A} Fundraising expenditure {250A) Balance to administration costs11 Syol 78,650 53,387 147,190> 119,6631 11,797 (32,0321 113,3471 8,008 4 Trustees None of the Iru51ees or any person connected with them received any remuneration but one Iruslee received reimbursement of expense5 lolalling £1.858 during the year {2023'. none). 5 Employee5 There were no employee5 during the year12023.' none). Included expenditure is the cost of salarie5 of £73,411 (2023.. £50,654} recharged from the Catholic Union of Great Britain.