REGISTERED COMPANY NUMBER: 11080519 (England and W¥les)
REGISTERED CHARITY NUMBER: 1176634
REPORT OFTHE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST DECEMBER 2023
FOR
MSC CHARITY TRUST
Aikinson Finch & Co
Chartered Atcountsnts
Central Chambers
4547 Albert Street
Rugby
Warwickshire
CV212SG

MSC CHARITY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDF,D JIST DF.CEMBER 2023
Page
Report of the Trystees
Independent Examlner's Report
Statement of Finaneial A¢tlvltles
B81?nee Sheet
Notes to the FiD*nelg1 Statements

MSC CHARITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED31ST DECEMBER 2023
The trnstees who ar¢ also direciors of the chariry for the purposes of the Companies Acl 2006, present their report of th¢
financial statements of ihe charity for ihe year ended 3 I￿ Dec¢miw 2023.
The irusiees hav¢ adopied the provisions of Accounting and Reponing by Chariiies.. Statement of Recomrnended
Pra¢tice applicable to charittes preparing their accounts in accordance with the Financial Reporting Standard applicable
Én the IIK and R¢public of Ireland (FRS 102) leff¢ctive l January 2019).
OWECTIVES AND ACTIVITIES
Objeetives and *im$
The charity's objeciives are io promote ihe objeciives of Th¢ &￿Iety of the Missionaries of the Sacred Heart of Jesus, a
voluntary association of men fonned in Ireland for the promotion of the Caiholic faith.
The trusl is in receipt of proiw and investhieni income. which thgetheT with donaiion5 are applied to further th¢
objecis.
The trustees confinn that they have referred to the Chwity Commission'5guidonce on public b¢nefit when revi¢wing ihe
Charity's aims and objeciiyes and in planning fv￿re aciivities.
ACHIEVEMENT AND PERFORMANCE
Charitable activiti
The charity make5 donations io support vulnerable people around the world. Although no donation5 or granis have been
paid oui ihis yeaT.
This year a significant amouni has been spent on the Tepairs and maintenanc¢ of various properties.
FINANCIAL REVIEW
Re5trves policy
The trustees have Considered the requirement for frtt reserves which are those funds not invested in fixed Lsseis.
designated for specific purposes or oih¢n¥ise committ￿.
Golng concern
The trustees confirm that they are not aware of any ma￿n&] uncert4inii¢s about the ¢harity's ability io continue.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Ihe Charity is Controlled by its governing do¢ument. a deed of tTusL and constilute5 a limited compgny, limited by
guarant¢¢, as defined by the Compani¢s Aci 2006.
Re¢rultrnent 8nd Appointmenl of new ¢rwslees
Trustee5 are appointcd by the Provincial of Th¢ Missionaries of the Sacred Heart of Jesus. such th#t the number of
trusiees shall not exceed ten al any lime.
Rel8ted par¢i¢s
The Tru5t¢es of ihe rhariry are m¢mbers of The Society of the Missionaries of the Sacred Heart of Jesus. a voluntary
association of men formed in Ireland for the promotion of the C*holic faith.
A summary of ihe transathions with rel￿ed partT¢s is set out in note I l of the fmancial 510tements.
REFF.RENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11080519 (England and Wales)
Registered Charity nwrnb¢r
1176634
Page I

MSC CHARITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
Reglstered office
Princethorpe College
Leamington Road
Princethorp¢
Warwickshire
CV23 9PX
Trustees
Rev. C R Tranter
Rev. J J McGe¢
R¢v. M A Serrage
Rey. M A F¢rry
Rev. J P Fiizgerald
Rev. M J O'connell
Rev. J A Nolan
Rev. J P W Bennett
Rev. D Nixon
Rev. A R Whelan
(resigned 01.08.23}
(appoinied 01.08 23)
(resigned 01.08.23)
(resigned 01.08.23)
(resigned 01.08.?3)
(resigned O1.08.23)
lappoinied 01.08.23)
{appoinied O1.08.23)
(apFointed O1.08.231
Company.Secret*ry
MT P Shaw
Independent Ex#mlfter
S G Bolton FCA
Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Sireet
Rugby
Warwickshire
CV212SG
Solieitors
BriDdl¢y Twist Tafft & James
Lowick (late
Siskin Driv¢
Coventry
CV3 4FJ
slil
Approved by order of ih¢ board of trustees on .................
. signed on its behalf by".
. J J McGee- TTUStee
Page 2

INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF
MSC CHARITY TRUST
Independent exarniner's report to ihe tn15ttts of MSC Charity Trust ('Ihe Company.)
report to the charity trust¢es on my examination of the ac¢ounis of ihe Company for the year ended
3 1st D¢(ember 2023.
Responsibilities and b#sFS of report
As the chariry's trnsiees of the Company (and also its directors for the purposes of company law) you are responsible for
Ihe preparation of the a¢counts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having saiisfied myself that the accounts of the Company aTe not required io be audit¢d under Part 16 of the 2006 Act
and are eligible for ind¢p¢ndeni examinaiion. I rewrt in respect of my examination of your charity's accounts as carried
out under Section [45 of th¢ Chariiies Ait 2011 ('th¢ 2011 Act'l. In canying out my examination I have follow¢d ihe
Directions given by the Charity Commission und¢T Section 145(5) {b) of the 201 l Act.
Independent examirter's st*l¢ment
I have completed my examination. l confirm that no matters have come io my attention tn connectTOn with the
examination giving me cause io believe..
accounting records were noi kept in resped of the Company as required by Section 386 of the 2006 Aci.. or
the accounts do not aicord wilh ihose records: or
th¢ accounts do noi comply wilh the #ccouniing Tequirements of Section 396 of the 2006 Aci oiher than any
requir¢m¢ni ihat the accounts give a true and flir view whi¢h is not a maryer considered as part of an tndependent
examination: or
the accounis have been prepared in accord¥n¢¢ with the method5 4nd principle5 of ihe Stalcm¢nt of
Recommended Praclice for accounting and repirting by charities (appli¢able io chariti¢s preparing their account$
in accordan¢¢ with the Financial R¢portin8 Siandwd applicable in the UK and Republic of Irelond (FRS 102)).
I have no conc¢rns and have ¢ome across no other matters in conne¢tion with th¢ examination ¢0 which attention should
be drdwn in this report in order to enable a proper understandin8 of th¢ accounts to be reached.
S G Bolton FCA
The Insiilute of Chartered Accounthnts in England and Wales
Atkinson Finch & Co
Ch?rtered Accouniants
Central Chambers
45-47 Alben Street
Rugby
Warwickshire
CV212SG
Date..
Page 3

MSC CHARITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2023
2023
Unrestricted
2022
Totsl
funds
Note5
INCOME AND ENI)OWMENTS FROM
Donations and legwies
5,515
15,270
Invesm?enl income
83.841
43.433
Total
89J56
58.703
EXPENDITURE ON
Letting of pro￿rtieS
39,656
7256
ChArtt4ble 8etivilie5
Subsistence grants for pries¢S
Pre¥ni5es and support cosis
Administrdtion costs
15,000
3.301
33,535
8,161
$2?05
Total
136,122
59,092
Nei gains on investrnen
3.643,492
ET INCOMEI(EXPENDITURE)
(46,766)
3,643.103
RECONCILIATION OF FUNDS
Tothl funds broughi forward
3,643,103
TOTAL FUNDS CARRIED FORWARD
3J96?37
3,643,103
The not¢s fom) part of these filW1¢131 S￿ements
Page 4

MSC CHARITY TRUST
BALANCE SHEET
31ST DECEMBER 2023
2023
Unrestricted
fund
2022
Total
funds
Notes
FIXED ASSETS
Tangible assets
3.105.000
3.105.000
CURRENT ASSETS
Debiors
Cash ai bank
4,529
811.137
762.136
767.742
815,666
CREDITORS
Amounts falling due wiihin one y
(276,405)
{277,563)
NET CURRENT ASSETS
491 J37
538.103
TOTAL ASSETS LESS CURRENT
LIABILITIES
3J96J37
3.643,103
NET ASSETS
3,596J37
3.643,103
FUNDS
Unrestricted funds
3A96337
3,643.103
TOTAL FUNDS
3,596,337
3.643.103
The charitabl¢ company is eniitled to exemption from audii under Section 477 of the Companies Act 2(M)6 for the year
ended 3 Is( Decemb¢r 2023.
The members hav¢ not r¢quir¢d the company to obthin an audit of its finan¢Tal ststements for the year end
3151 D¢cember 2023 in accordanre with Section 476 olthe Companies Act 21)06.
The Nslees acknowledge their responsibiliiies for
(a)
ensurin8 thai the charitable company keep5 a¢¢ounttng records that comply with Sedions 386 and 387 of th¢
Companies Act 2006 and
preparing financial siatemcnts which give a true and fair view of th¢ of affair5 of ihe charitable company as
al the end of each financial year and of ils Sltrplus or deficit for each fmancial year in accordance with ihe
requircments of Sections 394 and 395 and which oiherwise comply with ihe requirements of the Compani¢s Act
2006 relatlng to financial 5ts1ements, $0 far as applicable io the charitable company.
Ib)
The notes forni part of these financial staternents
Page 5
continued...

MSC CHARITY TRUST
BALANCE SHEET- contiTrued
31ST DECEMBER 2023
These financial statemenis have been prepared in accordance with the provisions applicoble io charitabl¢ companies
subjeci io the STnall companies regime.
The financial St￿¢mentS were approved by the Board of Trnstees and authorised for issue
1.712DZ.*........ and wer¢ signed on its behalf by..
on
. J J M¢Gee- Tru51ee
Rev. M A Ferry - Tru51ee
The notes forn part of ihe5e fmancial statements
Page 6

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES
Basis of pre￿rIng the fJn#ncial 51atemtnts
The financial 5tatemenis of ih¢ charithble company. which is a public benefit entity under FRS 102, have been
prepared tn accordance with th¢ Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Stat¢rneni
of Recommended Prnctice applicable to chariiie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 102) (effective l January 20191..
Financial RerrtTrrting Stsndard 102 'The Finwjcial Reporling Stsndard applicable in th¢ UK and Republtc of
Ireland. and the Compani¢s Aci 21KJ6. The financial swements have been prepared under ihe hisiorical c05t
onvention.
Income
Incom¢ is recognised in the period in which the charity has eniiilemeni io the funds.
Expenditure
Expenditure is r￿ognised on th accruals b&%is.
Co%is of generniing funds Comprise those costs directly allributable ¢0 income from letting the properties.
Donations are charged in ihe period in which the fvnds are received.
Premises and support costs comprise ¢osis in re5pe¢¢ of ihe charity's activilies and those incurred in running
retreats.
Administration costs compris¢ costs of running the ¢lwity itself as an or8&ni5ation.
Grants offered subjecl to condition5 which have noi been md ai the year end dale are noted as a commitrneni but
not accrued as expenditure.
Taxation
The charity 1$ exempl from corporniion Eax on its charitable a￿1¥111tS.
Fund 8¢eouTrting
R¢5trlcled funds
ReslTi¢ied funds are used for SFttified pury)ose5 as laid down by the donor. Expenditure which meets ihese
Criteria is allocated to the fund.
Unre51ricted fund$
Unresiricted funds are donations and other income received or generated for the obj¢¢is of the charity Without
further specified pu￿05¢ and are available as funds which the charity may use for its purposes at its discretion.
DesiEll8ted fund5
These are sums fonning part of th¢ chariry's unrestricied fund5 set aside by ihe trustees for particular puwses in
Ihe future. The tn￿lee$ have ihe power io reallocate such within unrestricted funds unless and until
expended.
Pag¢ 7
continued...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- e0n¢in￿¢￿
FOR THE YEAR ENDED 31ST DECEMBER 2023
INVESTMENT INCOME
2023
2022
Rents rec¢ived
Ikposit account interest
62.259
21.582
36.641
6.792
83.841
43,433
LETTING OF PROPERTIES
Property ¢o$ts
2023
2022
Light and heal
Raies and water
Repairs and mainienance
Cjround rent and scrvice char8¢
Managemeni fees
2J29
3,135
27,049
2.190
4,953
1,123
1.289
1,275
1.044
2,525
39,656
7,256
TRUSTEES, REMUNERATION AND BENEFITS
There were no misttts, remuneration or other benefits for the year ended 51￿ Decernber 2023 nor for the year
ended 3 Isi Decemb¢r 2022.
Trusttts, exptnsej
There were no Intstees. exptnse5 paid for the y¢gr ended 31st December 2023 nor for the year ended
31 si De¢¢mber 2022.
COMPARATIVES FOR THE STATEME]YT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donaiion5 and legacies
15,270
Investh)eni income
43.433
Totsl
58,703
EXPENDITUR£ ON
Letting of prnpenies
7,256
Charitable aetivities
Sub51Stence granis for priesls
Premises and support rosis
Administraiion costs
15.000
3.301
33,535
Total
59,092
Net gains on investments
3,643,492
Page 8
continued...

MSC CHARITY TRUST
IYOTES TO THE FINANCIAL STATEMENTS- eontinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricied
fund
NET INCOME
3.643,103
TOTAL FUNDS CARRIED FORWARD
3.643,103
MEMBERS
The company is limited by guardDt¢e and each m¢mber has guarnnieed to ¢ontribute £1 in ¢h¢ eveni of a windin8
up. At 3 Isi December 2023 there were 6 (2022 - 6) m¢mbers.
TANGIBLE FIXED ASSETS
Freehold
Long
leasehold
Totals
COST
At I st January 2023 and
3 Isi Deccrnber 2023
2.675,O(Kl
430.000
3,105,01)0
NET BOOK VALUE
Al 3 1st Decemb¢r 2023
2,67S(KNfr
430,000
3,105,000
Ai 3 Isi De¢ember 2022
2.675.{￿xI
430.000
3.105,000
A¢ valuatio
Freehold investment property includes the following..
Famland
Easi Lodge, Princeihotpe
The Retreat Centre. Princethoryye
Gardencls Cottage, Prtncethorpe
1,200.000
425,000
725.000
325.000
£2.675,000
Long leasehold protsxrty includes the following-
Community room5, Prin¢dhoTpe College
2 Viia House, Charringlon Place, St Albans
350,000
£430.000
The properties are siaied at the valuations used for the transfer of the properties on 25th May 2022.
Page 9
continued...

MSC CHARITY TRUST
]YOTES TO THE FINANCIAL STATEMF.NTS- eontinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other debtors
Prepayments and accrned income
4.606
4,529
4.529
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other crediior5
Accruals and deferred income
270.1)02
6,403
269.002
8,561
27A405
277.563
MOVEMENT IN FUNDS
movement
in fitnds
Ai
31.12.23
Ai 1.1.23
Unresirlcted fuDd$
General fund
3.643,103
{4A766)
3,596J37
TOTAL FUNDS
3,643,103
(46.766)
3,$96J37
Nei movement in funds, included in ihe above w¢ as follows..
Incoming
resources
Resour¢es
expended
Movement
in funds
Unrestri¢ied funds
General fund
89JY)
{136,122)
(40,766)
TOTAL FUNDS
89JS6
(136,122)
146.766)
Comp*ratives for movement fundi
Net
movement
in funds
At
31.12.22
At 1.1.22
Unrestricted funds
Generdl fund
3,643,103
3.643.103
TOTAL FUNDS
3.643.103
3,643,103
Page 10
continued...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL grATEmE￿fS- contiDued
FOR THE YEAR ENDED 31ST DECEMBER 2023
io.
MOVEMENT JN FUNDS- tontinu¢d
CoMpa￿lye net movemenl in funds. included in the above arc Is follow5..
Incoming
Resources
ains and
losses
Movement
in funds
Unreslrieted funds
G¢neral fund
58,703
(59.092)
3.643.492
3,643.103
TOTAL FUNDS
58,703
(59.092)
3.643.492
3,643,103
A current year 12 months and prior year 12 monihs combined position is &% follow5:
Net
movement
in funds
Ai
31.12.23
At 1.1.22
Unreserleted funds
General ￿nd
3.596.337
3,596,337
TOTAL FUNDS
3.596.337
3.596,337
A Current year 12 months and prior year 12 months combined net rnovem¢ni in funds. included in the above are
as follows..
In¢omin8
resources
R¢sources
expend¢d
Gains and
losses
Movemenl
in funds
Unrestricted fundi
General fund
148,059
(195,214)
3,643.492
3,596,337
TOTAL FUNDS
148.059
(195,214)
3,643,492
3.596.337
RELATED PARTY DISCLOSURES
Memb¢r5 ofthe charity are individual members of The Society of the Missionaries of the Sacred Heart of Jesus.
At 31 st Deceml*r 2023, the charity ow¢d that Organi￿110n £269,(K12 (2022 - £269,002).
Page 11