2025-12-31-accounts - St Etheldreda Trust

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`ReferenceandAdministrativeDetails`
`Trustees’Report`
`StatementofTrustees'Responsibilities`
`IndependentAuditor'sReportontheFinancialStatements`
`StatementofFinancialActivities`
`BalanceSheet`
`StatementofCashFlows`
`NotestotheFinancialStatements`	`13-27`

`Trustees`	`FatherChristopherFuseIC`
	`FatherAnthonyFurlongIC`
	`FatherDavidMyersIC`
	`FatherJosephO'ReillyIC`
	`FatherTomThomasIC`
`Charityregistration`
`number`	`1154426`
`Principaloffice`	`StEtheldreda’sRomanCatholicChurch`
	`14ElyPlace`
	`London`
	`EC1N6RY`
`Independentauditor`	`RBKAuditUKLimited`
	`CharteredAccountantsandStatutoryFirm`
	`3ArkleRoad`
	`Sandyford`
	`Dublin18`
	`Ireland`
`Bankers`	`HSBCplc`
	`69PallMall`
	`London`
	`SW15EY`

		`Unrestricted`	`Total`	`Total`
		`funds`	`funds`	`funds`
		`2025`	`2025`	`2024`
	`Note`	`£`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies`	`4`	`6,115`	`6,115`	`13,799`
`Investmentpropertyrentals`	`5`	`122,262`	`122,262`	`108,030`
`Othertradingactivities`	`6`	`118,943`	`118,943`	`121,561`
`Totalincome`		`247,320`	`247,320`	`243,390`
`Expenditureon:`
`Raisingfunds`	`7`	`55,563`	`55,563`	`68,481`
`Charitableactivities`	`8`	`103,916`	`103,916`	`123,751`
`Totalexpenditure`		`159,479`	`159,479`	`192,232`
`Netincomebeforemovementoninvestment`
`property`		`87,841`	`87,841`	`51,158`
`Fairvaluemovementsoninvestmentproperty`		`-`	`-`	`165,000`
`Netmovementinfunds`		`87,841`	`87,841`	`216,158`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`	`18`	`2,255,430`	`2,255,430`	`2,039,272`
`Netmovementinfunds(seeabove)`		`87,841`	`87,841`	`216,158`
`Totalfundscarriedforward`	`18`	`2,343,271`	`2,343,271`	`2,255,430`

			`2025`		`2024`
	`Note`
`Fixedassets`
`Tangibleassets`	`12`		`1,555,471`		`1,576,437`
`Investmentproperty`	`13`		`1,615,040`		`1,615,040`
			`3,170,511`		`3,191,477`
`Currentassets`
`Debtors`	`14`	`59,816`		`69,025`
`Cashatbankandinhand`	`21`	`85,840`		`58,624`
		`145,656`		`127,649`
`Currentliabilities`
`Creditors:amountsfallingduewithinone` `year`	`15`	`(66,200)`		`(73,611)`
`Netcurrentassets`			`79,456`		`54,038`
`Totalassetslesscurrentliabilities`			`3,249,967`		`3,245,515`
`Creditors:amountsfallingdueaftermore` `thanoneyear`	`16`		`(906,696)`		`(990,085)`
`Totalnetassets`			`2,343,271`		`2,255,430`
`Charityfunds`
`Unrestrictedfunds`	`18`		`2,343,271`		`2,255,430`
`Totalfunds`			`2,343,271`		`2.255,430`

	`Note`	`2025` `£`	`2024` `£`
`Cashflowsfromoperatingactivities`
`Netcashprovidedbyoperatingactivities`	`20`	`49,428`	`23,710`
`Cashflowsfrominvestingactivities`
`Investmentpropertyrentreceived`	`5`	`114,574`	`108,030`
`Netcashprovidedbyinvestingactivities`		`114,574`	`108,030`
`Cashflowsfromfinancingactivities`
`Repaymentsofborrowing` `Interestonborrowing`	`7`	`(81,223)` `(55,563)`	`(25,387)` `(68,481)`
`Netcashusedinfinancingactivities`		`(136,786)`	`(93,868)`
`Changeincashandcashequivalentsintheyear`		`27,216`	`37,872`
`Cashandcashequivalentsatthebeginningoftheyear`	`21`	`58,624`	`20,752`
`Cashandcashequivalentsattheendoftheyear`	`21`	`85,840`	`58,624`

	`Unrestricted`	`Total`
	`funds`	`funds`
	`2025`	`2025`
	`£`	`£`
`Donations`	`6,115`	`6,115`
`Total2024`	`13,799`	`13,799`
`Incomefrom:Investmentpropertyrentals`
	`Unrestricted`	`Total`
	`funds`	`funds`
	`2025`	`2025`
	`£`	`£`
`Rentalincomefrominvestmentproperties`	`422,262`	`122,262`
`Total2024`	`108,030`	`108,030`
`Incomefrom:Othertradingactivities`
	`Unrestricted`	`Total`
	`funds`	`funds`
	`2025`	`2025`
	`£`	`£`
`Rentalincomefromthecrypt`	`118,943`	`118,943`
`Total2024`	`121,561`	`121,561`

	`Unrestricted`	`Total`	`Total`
	`funds`	`funds`	`funds`
	`2025`	`2025`	`2024`
	`£`	`£`	`£`
`Loaninterest`	`55,563`	`55,563`	`68,481`
`Total2024`	`68,481`	`68,481`
`Expenditureon:Charitableactivities`
	`Unrestricted`	`Total`	`Total`
	`funds`	`funds`	`funds`
	`2025`	`2025`	`2024`
	`£`	`£`	`£`
`Staffcost(note10)`	`12,470`	`12,470`	`12,012`
`Premisescosts(includingirrecoverableVAT)`	`53,629`	`53,629`	`39,262`
`Depreciation`	`20,966`	`20,966`	`20,966`
`Legalandprofessionalfees`	`500`	`500`	`13,111`
`Governancecosts(note9)`	`7,000`	`7,000`	`8,400`
`Crossparishsubsidy`	`9,351`	`9,351`	`30,000`
`Total2025`	`103,916`	`103,916`	`123,751`
`Total2024`	`123,751`	`123,751`
`Governancecosts`
		`2025`	`2024`
		`£`	`£`
`Auditor’sremuneration`
`Auditor'sremuneration`		`7,000`	`8,400`
		`7,000`	`8,400`

	`2025`	`2024`
	`£`	`£`
`Staffcostsduringtheyearwereasfollows:`
`Wagesandsalaries`	`12,470`	`12,012`
	`12,470`	`12,012`

	`2025` `£`	`2024` `£`
`Duewithinoneyear` `Prepaymentsandaccruedincome`	`59,816`	`69,025`
	`59,816`	`69,025`
`Creditors:Amountsfallingduewithinoneyear`
	`2025` `£`	`2024` `£`
`Bankloans(note16)` `Othercreditors` `VATliability` `Deferredincome` `Accruals`	`27,553` `7` `4,000` `27,640` `7,000`	`25,387` `7` `15,192` `24,525` `8,500`
	`66,200`	`73,611`
	`2025` `£`	`2024` `£`
`Deferredincomecomprisesrentalincomereceivedinadvance.`
`Balanceasat1 January2025` `Amountreleasedinyear` `Amountdeferredinyear`	`24,525` `(24,525)` `27,640`	`24,885` `(24,885)` `24,525`
`Balanceasat31December2025`	`27,640`	`24,525`

					`Balanceat`
	`Balanceat1`				`31`
	`January`			`Transfers`	`December`
	`2025`	`Income`	`Expenditure`	`in/(out)`	`2025`
	`£`	`£`	`£`	`£`	`£`
`Unrestrictedfunds`
`DesignatedTangiblefixed`
`assetfund`	`1,741,437`	`-`	`(20,966)`	`(165,000)`	`1,555,471`
`GeneralFunds`	`513,993`	`247,320`	`(138,513)`	`165,000`	`787,800`
	`2,255,430`	`247,320`	`(159,479)`	`-`	`2,343,271`
`Statementandsummaryoffunds- prioryear`
					`Balanceat`
	`Balanceat`				`31`
	`1January`			`Gains/`	`December`
	`2024`	`Income`	`Expenditure`	`(Losses)`	`2024`
	`£`	`E`	`£`	`£`	`£`
`Unrestrictedfunds`
`DesignatedTangiblefixed`
`assetfund`	`1,597,403`	`-`	`(20,966)`	`165,000`	`1,741,437`
`GeneralFunds`	`441,869`	`243,390`	`(171,266)`	`-`	`513,993`
	`2,039,272`	`243,390`	`(192,232)`	`165,000`	`2,255,430`

	`Unrestricted`	`Total`
	`funds`	`funds`
	`2025`	`2025`
	`£`	`::`
`Tangiblefixedassets`	`1,555,471`	`1,555,471`
`Investmentproperty`	`1,615,040`	`1,615,040`
`Currentassets`	`145,656`	`145,656`
`Creditorsduewithinoneyear`	`(66,200)`	`(66,200)`
`Creditorsdueinmorethanoneyear`	`(906,696)`	`(906,696)`
`Total`	`2,343,271`	`2,343,271`

	`Unrestricted`	`Total`
	`funds`	`funds`
	`2024`	`2024`
	`£`	`£`
`Tangiblefixedassets`	`1,576,437`	`1,576,437`
`Investmentproperty`	`1,615,040`	`1,615,040`
`Currentassets`	`127,649`	`127,649`
`Creditorsduewithinoneyear`	`(73,611)`	`(73,611)`
`Creditorsdueinmorethanoneyear`	`(990,085)`	`(990,085)`
`Total`	`2,255,430`	`2,255,430`

			`2025`	`2024`
			`£`	`£`
	`Netincomefortheyear(asperStatementofFinancialActivities)`		`87,841`	`216,158`
	`Adjustmentsfor:`
	`Depreciationcharges`		`20,966`	`20,966`
	`Gainsonrevaluationofinvestmentproperty`		`-`	`(165,000)`
	`Investmentpropertyrentreceivable`		`(114,574)`	`(108,030)`
	`Decrease/(Increase)inDebtors`		`9,209`	`(19,636)`
	`IncreaseinCreditors`		`45,986`	`79,252`
	`Netcashprovidedbyoperatingactivities`		`49,428`	`23,710`
`21;`	`Analysisofcashandcashequivalents`
			`2025`	`2024`
			`£`	`z`
	`Cashatbankandinhand`		`85,840`	`58,624`
	`Totalcashandcashequivalents`		`85,840`	`58,624`
`22.`	`Analysisofchangesinnetdebt`
		`At1`		`At31`
		`January`		`December`
		`2025`	`Cashflows`	`2025`
		`£`	`£`	`£`
	`Cashatbankandinhand`	`58,624`	`27,216`	`85,840`
	`Debtduewithin` `1year`	`(25,387)`	`(5,836)`	`(31,223)`
	`Debtdueafter1 year`	`(990,085)`	`87,059`	`(903,026)`
		`(956,848)`	`108,439`	`(848,409)`