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2025-12-31-accounts

CHARITY REGISTRATION NUMBER: 1163629 COMPANY NUMBER: CE004727

Margaret Clitherow Trust Charitable Incorporated Organisation

Annual Report & Unaudited Financial Statements

Year ended 31 December 2025

WALTER HUNTER & CO LIMITED

Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF

Margaret Clitherow Trust Charitable Incorporated Organisation

Financial Statements

Year ended 31 December 2025

Page
Trustees' annual report 1
Independent examiner's report to the trustees 8
Statement of financial activities 10
Statement of assets and liabilities 11
Notes to the financial statements 12

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report

Year ended 31 December 2025

The trustees present their report and the unaudited financial statements, as independently examined by Walter Hunter & Co Ltd, of the charity for the year ended 31 December 2025.

Reference and administrative details

Registered charity name Margaret Clitherow Trust Charity registration number 1163629 Company Number CE004727 Principal office Garden Cottage Offices Badgemore Park Henley-on-Thames Oxfordshire RG9 4NR Postal Address : Margaret Clitherow Trust PO Box 4872 Henley-on-Thames Oxfordshire RG9 9LR The trustees Martina Maughan Nicola Pickup Nalini Nathan (Term expired 6 December 2025) Brian Ward Appointed 20 October 2025 Bridget Ward Appointed 20 October 2025 Email: info@margaretclitherow.org Website www.margaretclitherow.org Independent examiner Jonathan Rhodes BSc BFP FCA Walter Hunter & Co. Ltd. 24 Bridge Street Newport South Wales NP20 4SF

1

Year ended 31 December 2025

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

For the year ended 31[st] December 2025 the total income exceeded £250,000 therefore the accruals basis has been used. The comparatives have been restated to the accruals basis for consistency.

Net funds at year end

----- Start of picture text -----
Net funds at year end 31 December 2025
Restricted funds £150,638
Designated funds £79,176 These are designated funds for specific
(unrestricted) charitable activities. In particular:
- Planned continuation of services
after the cessation of our 5-year
grant from the National Lottery
Community Fund (support
expiring in May 2026).
- Donations for services to
vulnerable families provided
through the Baby Matt RIP fund.
The Trustees do not treat or use these
funds as reserves.
Reserves £62,621 3.2 based on
(unrestricted) annual expenditure for 2025 of £233,837
(above target by 0.2 months)
----- End of picture text -----

Overall income and expenditure

In 2025, the charity received £293,519 and spent £233,837.

The reason why our income was higher than our expenditure is principally because multiple restricted grants came into the account in the fourth quarter, principally for use in the following year. These totalled £115,561.

Sources of income

The charity received income from grants, public donations, Gift Aid, collections and, in small part, by providing training and services to public and third sector bodies.

Reserves policy

The trustees seek to hold three months of reserves so the charity can always meet its legal commitments, as well as to seek to have sufficient flexibility in designated funds to overcome short term fluctuations in funding.

Other financial information

As of 31.12.25 the charity had no material liabilities, debts, or fund deficits. Neither the charity nor its trustees act as custodian trustees. The charity has no trading subsidiaries. No trustees received any expenses, remuneration or payments from the charity during 2025.

2

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

Year ended 31 December 2025

About us

We were established in 2015 as a charity led by and for Romani Gypsy, Roma and Traveller communities. Our communities are distinctive, with rich histories and cultures, often dating back hundreds of years. These identities are recognised and protected in law[1] . Sadly, many of our communities have also been the subject of historic persecution, including as part of the Slave Trade[2] and the Holocaust[3] .

Our core belief is in the value of a world where everyone is safe and is treated with equal dignity and justice.

However, we know this is not a reality yet for our communities. For example, research tells us that:

We also know from our communities that they can find it hard to access churches and other faith-based provision.

Our work can be summarised by six core programmes.

  1. Empowering Women, Supporting Survivors

  2. Safeguarding Hub for Traveller Children

  3. Access to Healthcare and Disability Support

  4. Pastoral Care and Chaplaincy

  5. Education and Advocacy Pathways

  6. Training for Professionals and Public Services

1 The London Borough of Bromley v Persons Unknown; [2020] EWCA Civ 12

2

3 Joskowicz, Ari (2023) Rain of Ash: Roma, Jews, and the Holocaust. Princeton University Press.

4 House of Commons Women and Equalities Committee (2019) Tackling inequalities faced by Gypsy, Roma and Traveller communities: Eleventh Report of Session 2017 ~~1~~ 9. London: House of Commons. HC 360.

5 NHS Race and Health Observatory (2023) New resource to help tackle suicide risk in Gypsy, Roma and Traveller communities. London: NHS Race and Health Observatory.

6 Ormiston Children and Families Trust & Cambridgeshire Community Services (2008) An insight into the health of Gypsies and Travellers: a booklet for health professionals in Cambridgeshire. Cambridgeshire: Ormiston Children and Families Trust.

7 Allen, D. & Riding, J. (2018) The fragility of professional competence: a preliminary account of child protection practice with Roma children in England. Manchester Metropolitan University.

Allen, D. & Hulmes, J. (2021) Aversive racism and child protection practice with Gypsy, Roma and Traveller children and families. Manchester Metropolitan University.

Boyce, M., Coker, J., Kostka, I. et al. (2024) Come to us in a peaceful way: Improving experiences of Roma families with chil services in England. Anglia Ruskin University.

3

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

Year ended 31 December 2025

Impact

At the time of writing, our latest 12-month rolling CRM data confirms that:

4

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

Year ended 31 December 2025

Ethos

Vision

We believe in a world where everyone is safe and is treated with equal dignity and justice.

There must be no exceptions on account of ethnicity, religion, gender, sexuality, disability, culture, social background or indeed anything else. We believe that safety, dignity and justice is possible for our Romani Gypsy, Roma and Traveller communities and we look forward to being part of a society where this is realised.

Culture and values

Our values are the core of how our charity and our team relate to others and make decisions. They speak for us.

S afety We put safety and safeguarding first. P rofessional We are self-controlled, dependable and follow best practice.

E mpowering We hold deep respect for people, walking with them where they want to go and seeking to empower them to meet their goals.

E ver Improving We are focused on our impact and are always improving. C ompassionate We are proactive in understanding and overcoming suffering and injustice. H umble and Honest We are humble and honest in our interactions with others.

These values are adapted for MCT from the Fruits of the Spirit (Galatians).

Faith-based inclusion

Our commitment to inclusion has no exceptions. Our services are available irrespective of the faith of any individual or community.

Our team are from a range of faith backgrounds and personnel are not permitted to proselytise as part of their work.

5

Year ended 31 December 2025

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

Other Information

Notes of thanks

First and foremost, we are especially grateful to our friends at Holy Family Sisters of St. Emile who, for very many years, have financed the core costs that keep us running. Without Holy Family Sisters, with whom we share so much in the service of the marginalised, MCT simply would not exist.

Indeed, the trustees give thanks to all those who fund MCT, including:

Similarly, we would also like to thank Sagoss Ltd for the provision of office space and telecommunications as well as their own financial support.

We are indebted to our fantastic team of committed personnel, not least our volunteers. In reference to the latter, the trustees wish to give particular thanks to Mrs. Jennifer Capper, Rev. John Murphy and Rev. Robert Wellbelove.

Finally, we would like to thank the family of Baby Matt RIP, who turned an unimaginable tragedy into an opportunity to serve others. Thanks to their astonishingly effective and continuous fundraising efforts, s being used to secure our services for other vulnerable families. They are a beacon of selflessness and courage.

Structure, Governance and Management

MCT is a Foundation Charitable Incorporated Organisation. We were admitted onto the Register of Charities in England and Wales on 17 September 2015 and amended our constitution on 5 July 2023.

Every trustee is appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting trustees, we consider the skills, knowledge and experience required for the effective administration of the CIO and the furtherance of its goals. This can include the ability to apply relevant lived experience to the role. Potential trustees must demonstrate a commitment to the work we do and to our vision and values and undergo Safer Recruitment checks (including a DBS check). Each new trustee is provided with copies of the Constitution, the latest annual report, and the latest statement of accounts, as well as having introductory meetings with the Director and Chair.

Please note that some of our grant funders mandate beneficiary classes being on the Board. 75% of the trustees are from our beneficiary communities. These are Romani Gypsy, Roma and Traveller communities. While community trustees may therefore technically be eligible to receive our services, they can only do so on the same basis as other members of the community.

6

Margaret Clitherow Trust Charitable Incorporated Organisation

Trustees' Annual Report (continued)

Year ended 31 December 2025

Operational decisions on referrals/eligibility and the management of services are undertaken by senior staff only (none of whom are trustees).

We have a comprehensive safeguarding policy. DBS checks are carried out on all eligible operational individuals. Comprehensive safeguarding training is also provided to those individuals through a thirdparty provider and effective practice and culture is reinforced internally.

We have several other policies, including a Financial Management policy and a Conflict-of-Interest policy.

Public Benefit Statement

The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission when exercising their responsibilities.

Responsibilities of trustees: Statement of trustees responsibilities (financial)

The Charities Act 2011 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 and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

(FRA 102);

departures disclosed and explained in the financial statements; and

The trustees are responsible for keeping sufficient 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 the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are also responsible for the maintenance and integrity of the charity and financial information included on the charity's website.

The trustees' annual report was approved on and signed on behalf of the board of trustees by:

Nicola Pickup Chair of Trustees

7

Margaret Clitherow Trust Charitable Incorporated Organisation

Independent Examiner's Report to the Trustees of Margaret Clitherow Trust Charitable Incorporated Organisation

Year ended 31 December 2025

I report to the trustees on my examination of the financial statements of Margaret Clitherow Trust Charitable Incorporated Organisation ('the charity') for the year ended 31 December 2025.

Responsibilities and basis of report

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

The charity's trustees consider that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act;

to follow the applicable Directions given by the Charity Commission under section 145(5)(b)

of the Act; and

to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the next statement.

Independent examiner's statement

in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

8

Margaret Clitherow Trust Charitable Incorporated Organisation

Independent Examiner's Report to the Trustees of Margaret Clitherow Trust Charitable Incorporated Organisation (continued)

Year ended 31 December 2025

In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act, and

the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jonathan Rhodes BSc BFP FCA Independent Examiner Walter Hunter & Co. Ltd 24 Bridge Street Newport South Wales NP20 4SF

9

Margaret Clitherow Trust Charitable Incorporated Organisation

Statement of Financial Activities

Year ended 31 December 2025

2025 2024
(restated)
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 40,332 243,301 283,633 213,347
Training and support services 5 9,886 9,886 23,848
Total income 50,218 243,301 293,519 237,195
Expenditure
Expenditure on raising funds:
Costs of fundraising 6 11,149 11,149 11,380
Expenditure on charitable activities 7,8 34,445 188,243 222,688 171,818
Total expenditure 45,594 188,243 233,837 183,198
Net income and net movement in funds 4,624 55,058 59,682 53,997
Reconciliation of funds
Total funds brought forward 137,173 95,580 232,753 178,756
Total funds carried forward 141,797 150,638 292,435 232,753

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 21 form part of these financial statements

10

Margaret Clitherow Trust Charitable Incorporated Organisation

Statement of Assets and Liabilities

31 December 2025

2025 2024
(restated)
Note £ £
Current assets
Debtors: due within one year 13 2,183 1,596
Cash at bank and in hand 292,444 233,445
294,627 235,041
Creditors: amounts falling due within one year
Other creditors including taxation and social security 14 111 288
Accruals and deferred income 2,081 2,000
2,192 2,288
Net current assets 292,435 232,753
Total assets less current liabilities 292,435 232,753
Net assets 292,435 232,753
Funds of the charity
Restricted funds 150,638 95,580
Unrestricted funds 141,797 137,173
Total charity funds 17 292,435 232,753

These financial statements were approved by the board of trusteesand authorised for issue on , and are signed on behalf of the board by:

Mrs Nicola Pickup Trustee

The notes on pages 12 to 21 form part of these financial statements

11

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is a charitable incorporated organisation. The address of the principal office is Garden Cottage Offices, Badgemore Park, Henley-on-Thames, Oxfordshire, RG9 4NR.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Change in basis of preparation

The financial statements have been prepared on a going concern basis and on an accruals basis. This is the first year preparing accounts on an accruals basis under the Charities SORP and the prior year comparatives have been restated from a receipts and payments basis to align with the new policy. To ensure comparability, the comparative figures for the year ended 31[st] December note 18.

Opening reserves as at 1[st] January 2023 were restated from the receipts and payments basis to the accruals basis as per Note 18. The opening reserve at this date was adjusted by net £5,700 to include debtors, prepayments, creditors and accruals. The closing reserves as at 31[st] December 2024 were adjusted by net £692, which included an adjustment for debtors, creditors, accruals, prepayments and the adjusted 2023 closing reserves.

The financial statements are prepared in sterling, which is the functional currency of the entity. The figures in the accounts are rounded to the nearest whole pound.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

As a charity, Margaret Clitherow Trust is exempt from tax on income and gains, to the extent that such income and gains are applied exclusively to charitable purposes. No tax charges have arisen in the charity.

12

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. In the year ended 31 December 2025, £20,000 has been transferred from unrestricted funds donated by the Holy Family Sisters to the Baby Matt RIP designated fund.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

13

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

4. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations 12,551 12,551
Gift Aid 606 606
Grants
Albert Hunt Trust
Allen Lane Grant
Anchor Foundation
Anton Jurgen Trust
Assumption Legacy Grant 22,356 22,356
Buckinghamshire Council
Garfield Weston Foundation 20,000 20,000
Health Lottery Trust 19,964 19,964
Holy Family Sisters 20,000 25,000 45,000
Irish Youth Foundation 1,000 1,000
Joseph Rank Trust 12,500 12,500
National Lottery Community Fund Making a
Difference project 106,481 106,481
Postcode Lottery 20,000 20,000
The Mercers' Company 16,000 16,000
West Sussex County Council 7,175 7,175
40,332 243,301 283,633
Unrestricted Restricted Total Funds
Funds Funds 2024
(restated)
£ £ £
Donations
Donations 10,848 10,848
Gift Aid
Grants
Albert Hunt Trust 4,000 4,000
Allen Lane Grant 4,000 4,000
Anchor Foundation 6,000 6,000
Anton Jurgen Trust 2,000 2,000
Assumption Legacy Grant
Buckinghamshire Council 1,897 1,897
Garfield Weston Foundation 20,000 20,000
Health Lottery Trust
Holy Family Sisters 45,000 45,000
Irish Youth Foundation
Joseph Rank Trust
National Lottery Community Fund Making a
Difference project 99,602 99,602
Postcode Lottery 20,000 20,000
The Mercers' Company
West Sussex County Council
57,745 155,602 213,347

14

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

5. Training & Support services

Restated
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
(restated)
£ £ £ £
Training and support services 9,886 9,886 23,848 23,848
6. Costs of fundraising
Restated
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
(restated)
£ £ £ £
Costs of other trading activities -
Advertising and publicity 11,149 11,149 11,380 11,380

15

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

7. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Albert Hunt Trust 1,210 1,210
Allen Lane project 976 976
Anchor Foundation 3,855 3,855
Anton Jurgen Trust 500 500
Benefact Trust 2,493 2,493
Core activities 31,909 31,909
Garfield Weston Foundation 24,527 24,527
Health Lottery Trust 668 668
Joseph Rank Trust 10,286 10,286
National Lottery Community Fund Awards for All
project
National Lottery Community Fund Making a
Difference project 102,382 102,382
Postcode Lottery 10,919 10,919
The Law Society Charity 4,198 4,198
The Mercers' Company 6,565 6,565
Traveller Emergency Fund 87 87
Support costs 2,536 19,577 22,113
34,445 188,243 222,688
Unrestricted Restricted Total Funds
Funds Funds 2024
(restated)
£ £ £
Albert Hunt Trust 2,790 2,790
Allen Lane project 3,090 3,090
Anchor Foundation 2,145 2,145
Anton Jurgen Trust 1,500 1,500
Benefact Trust 9,619 9,619
Core activities 39,234 39,234
Garfield Weston Foundation 5,282 5,282
Health Lottery Trust
Joseph Rank Trust
National Lottery Community Fund Awards for All
project 6,925 6,925
National Lottery Community Fund Making a
Difference project 62,971 62,971
Postcode Lottery 9,262 9,262
The Law Society Charity 5,292 5,292
The Mercers' Company 4,028 4,028
Traveller Emergency Fund
Support costs 7,493 12,187 19,680
46,727 125,091 171,818

16

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

8. Expenditure on charitable activities by activity type

Activities
undertaken Total funds Total fund
directly Support costs 2025 2024
(restated)
£ £ £ £
Albert Hunt Trust 1,210 1,210 2,790
Allen Lane project 976 976 3,090
Anchor Foundation 3,855 3,855 2,145
Anton Jurgen Trust 500 500 1,500
Benefact Trust 2,493 2,493 9,696
Core activities 31,909 118 32,027 45,626
Garfield Weston Foundation 24,527 1,063 25,590 5,282
Governance costs 2,418 2,418 1,101
Health Lottery Trust 668 668
Joseph Rank Trust 10,286 2,214 12,500
National Lottery Community Fund
Awards for All project 6,925
National Lottery Community Fund
Making a Difference project 102,382 12,153 114,535 75,081
Postcode Lottery 10,919 2,357 13,276 9,262
The Law Society Charity 4,198 4,198 5,292
The Mercers' Company 6,565 1,790 8,355 4,028
Traveller Emergency Fund 87 87
200,575 22,113 222,688 171,818
Analysis of support costs
Core activities Total 2025 Total 2024
(restated)
£ £ £
Communications and IT 5,922 5,922 8,093
General office 2,697 2,697 196
Human resources 2,215 2,215 2,779
Finance costs 3,279 3,279 1,420
Governance costs 2,418 2,418 1,101
Insurance 118 118 881
Training 5,464 5,464 5,210
22,113 22,113 19,680

9. Analysis of support costs

10. Independent examination fees

Included within these financial statements is the independent examiners fee of £1,764 including VAT for 2025 (2024: £1,680 inc. VAT).

17

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
(restated)
£ £
Wages and salaries 151,594 120,159
Social security costs 5,126 1,369
Employer contributions to pension plans 2,898 1,768
159,618 123,296

The average head count of employees during the year was 8 (2024: 8) No employee received employee benefits of more than £60,000 during the year (2024: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees (2024: nil). No expenses were received by trustees in the course of their charitable activities (2024: Nil)

13. Debtors

Debtors falling due within one year are as follows:

Trade debtors
Prepayments and accrued income
14.
Other creditors including taxation and social security falling
due within one year
Other creditors
Accruals and deferred income		 2025
2024
(restated)
£
£
542
739
1,641
857
2,183
1,596
2025
2024
(restated)
£
£
111
288
2,081
2,000
2,192
2,288		 2025
2024
(restated)
£
£
542
739
1,641
857
2,183
1,596
2025
2024
(restated)
£
£
111
288
2,081
2,000
2,192
2,288
2,288

15. Government grants

The amounts recognised in the financial statements for government grants are as follows:

Recognised in income from donations and legacies:
Buckinghamshire Council
West Sussex County Council		 2025
2024
(restated)
£
£
1,897
7,175
7,175
1,897		 2025
2024
(restated)
£
£
1,897
7,175
7,175
1,897
1,897

18

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

16. Analysis of charitable funds Unrestricted funds

Unrestricted funds
At
At 1 Jan 2025 Income Expenditure 31 Dec 2025
£ £ £ £
General core funds 137,173 50,218 (45,594) 141,797
At
At 1 Jan 2024 Income Expenditure 31 Dec 2024
(restated)
£ £ £ £
General core funds 113,687 81,593 (58,107) 137,173

19

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

16. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At 1 Jan 2025 Income Expenditure 31 Dec 2025
£ £ £ £
Albert Hunt Trust 1,210 (1,210)
Allen Lane grant 976 (976)
Anchor Foundation 3,855 (3,855)
Anton Jurgen Trust 500 (500)
Assumption Legacy Grant 22,356 22,356
Benefact Trust 2,493 (2,493)
Garfield Weston Foundation 20,000 20,000 (25,590) 14,410
Health Lottery Trust 19,964 (668) 19,296
Holy Family Sisters 25,000 25,000
Irish Youth Foundation 1,000 1,000
Joseph Rank Trust 12,500 (12,500)
National Lottery Community Fund
Awards for All project
National Lottery Community Fund -
Making a Difference project 46,492 106,481 (114,535) 38,438
Postcode Lottery 10,738 20,000 (13,276) 17,462
The Law Society 4,198 (4,198)
The Mercers' Company 4,766 16,000 (8,355) 12,411
Traveller Emergency Fund 352 (87) 265
95,580 243,301 (188,243) 150,638
At
At 1 Jan 2024 Income Expenditure 31 Dec 2024
(restated)
£ £ £ £
Albert Hunt Trust 4,000 (2,790) 1,210
Allen Lane grant 66 4,000 (3,090) 976
Anchor Foundation 6,000 (2,145) 3,855
Anton Jurgen Trust 2,000 (1,500) 500
Assumption Legacy Grant
Benefact Trust 12,189 (9,696) 2,493
Garfield Weston Foundation 5,282 20,000 (5,282) 20,000
Health Lottery Trust
Holy Family Sisters
Irish Youth Foundation
Joseph Rank Trust
National Lottery Community Fund
Awards for All project 6,925 (6,925)
National Lottery Community Fund -
Making a Difference project 21,971 99,602 (75,081) 46,492
Postcode Lottery 20,000 (9,262) 10,738
The Law Society 9,490 (5,292) 4,198
The Mercers' Company 8,794 (4,028) 4,766
Traveller Emergency Fund 352 352
65,069 155,602 (125,091) 95,580

20

Margaret Clitherow Trust Charitable Incorporated Organisation

Notes to the Financial Statements (continued)

Year ended 31 December 2025

17. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Current assets 143,989 150,638 294,627
Current liabilities (2,192) (2,192)
Total Net Assets 141,797 150,638 292,435
Unrestricted Restricted Total Funds
Funds Funds 2024
(restated)
£ £ £
Current assets 139,461 95,580 235,041
Current liabilities (2,288) (2,288)
Total Net Assets 137,173 95,580 232,753

18. Transition to accruals accounting

This is the first year that the CIO has presented its financial statements under the Charities SORP (FRS 102) The date of transition to the accruals basis was 1[st] January 2023.

The adjustments required to restate the previous receipts and payments financial position to comply with the Charities SORP (FRS 102) are summarised below:

As at prior year
As at transition end
date 1st January 31st December
2023 2024
£ £
Total funds under the receipts and payments
basis 173,056 233,445
Adjustments for:
Add debtors and accrued income 6,566 739
Add prepayments 857 857
Less creditors and accruals (1,723) (2,288)
Restated total funds under accruals basis 178,756 232,753
Restated by 5,700 692

Reason for adjustments:

Debtors and accrued income : Relates to grants or donations earned or committed during the period but not yet received in cash

Creditors and accruals : Relates to independent examination fees and supplier invoices received

during the period but not paid until the following financial year.

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