REGISTERED COMPANY NUMBER: 11080q19 (England and Wales)
REGISTERED CHARITY NUMBER: 1170034
REPORT OFTHE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 21b24
FOR
MSC CHARITY TRUST
Aikinson Fineh & Co
Chan¢red A¢countants
Central Chambers
4547 Albert Sireei
Rugby
Warwickshire
CV21 ?SG

MSC CHARITY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR F.NDED 31ST DF.CEMBER 2024
P•ge
Report of the Trustees
Independent Ex8rnintr's Report
Statement of FinAnelal Activitles
Balance Sh¢et
Notes to the Fln#nci*l Staternents

MSC CHARITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees who are also direeiors ofihe Charity for the purp)ses of ihe Companies Aci 2006, preseni iheir report of the
financial statements of the chariry for the year ended 3 Isi December 2024.
The irustee5 have adopted the provisions of Accounting and R¢porting by Charitio.. Stat¢Tnenl of R¢comm¢nd¢d
Practi¢¢ applicable to chariiies preparing iheir accounts in accordance with ihe Financial Reponing Standard applicable
in ihe UK and Republic of Ireland IFRS 102) (effective l January 2019).
OWF.CTIVES AND AcfiviTIES
Objectives and aim5
I he charity's obj¢ciives are lo promote the objectives of The Society of ihe Missionarie5 of the Sacred Heart of Jesus. a
voltsniary association ofmen fornied in Ireland for the promotion of Ihe Catholic faith.
The tThst is in receipt of property and invesimeni income. which iogether with dOn￿lon5 are applied to further the
object5.
The irusttts confirni ihai ihey have refeffed 10 the Chariry Commission's guidance on public benefit when reviewing the
Charity'5 aim5 and obj¢¢tiv¢s and in planning future o¢tivitie$.
ACHIEVEMENTS AND PERFORMANCE
Charitoble arli￿ltieS
The Lhariiy makes donaiions io support vulnerable people around the world, although no donations or grant5 have been
paid out this year.
This year a 5ignificanl amount has been spent on Professional ftts connected wifh the development and sale of variou5
propeflies. This is within the Adminisiraiion costs caiegory.
FINANCIAL RF.VIEW
Reserves policy
I'h¢' trusl¢¢s hav¢ considered the requirement for frtt r¢s¢rves which are those fijnds noi invested in fixed assets.
de%i&inaled for specific purposes or oiherwise commilled.
Going ¢on¢ern
The irusiees confirni thai they are not aware of any maieri41 uD¢ert4inties al)oui the ¢harity's ability io continue.
STRUCTURF., GOVERNANCE AND MANAGEMENT
Governlng document
The ¢harity 15 controlled by its governing documeni. a deed of misi. and consiituies a limiied company, limited by
guarantee. as defined b>. the Companies Aci ?006.
Reeruitment and appointmtnt of new ¢rus¢tts
l-ruElc¢s arc app(?inted the Provincial of The mI￿10naTIeS of the Sacred Heart of Jesus, such that ihe number of
trusiees shall no¢ exceed ten ai any time.
R¢l8ted PSTtie$
The Trustees ol- Ihe charitv are members of The Society of the Missionaries of the Sacred Heart of J¢su5, a voluntary
associa(ion of men fomied in Ireland for the promotion of the Catholic faith.
A summary of the tran5action5 Wlth related parties is sei oui in n￿e I l of the finan¢tal statements.
REFERETr4CE AND ADMINISTRATIVE DETAILS
Registered Companv number
11080519 IF.nglond and Wales)
Registered Charity nurnber
11766i4
Page I

MSC CHARITY TRUST
REPORT OF THE TRUSTEFS
FOR THF. YEAR gNDED 31ST DECEMBEA2024
R¢si%tcrrd oifrte
PrinrtihoTr¢ Colkge
Ltwnin¥tun R
Princethotp¢
'arwtckshi
9PX
Trualer•
Rev. J J M£G¢¢
Rey M A feny
Kev. J P W Bettnett
Rrv. D Nixon
t4ev. A R Whel
Co￿p••Y S¢¢riiAry
Mr P Sbow
lod¢p¢pdeDi Ex•ml#ff
S (i Bolton FCA
Atkinson Finch & Lo
Centyal Ch￿b￿l
45.47 Ahrt Strttl
Wwickshirn
Sollelt•r•
Brlndlty Twtsr T•fft& Jm
l￿wICk Oal¢
8iskin Dn
Covelltry
CV3 4FJ
I q.[ aoA< _. ott ltsbEh￿[by.
by ofthebwd ortr￿le￿ o....... .......
Kev J P W BeiiDett. TIE￿￿4

INDF.PF.P4DENT EXAMINER'S REPORT TO THE TRUSTEES OF
MSC CHARITY TRUST
1ndepellde￿t examiner's report to the tr￿5¢￿$ of MSC Charity Trust ('the Company,
l Teport io th¢ charity tru5tee5 on my exaMIn￿50n of the accowits of the Company for the year ended
31 st December ?024.
Responsibilities And b85is of report
As the charity'5 trustees of the Company {and a150 its diT￿lOr$ for the purposes of company law) you are re5ponsibl¢ for
the prepardtion of the accounts in accordance with ihe requirements of the Companies A¢t 21M)6 ('Ihe 2￿6 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respeci of my examination of your eharity's accoun(s as carried
out under Section 145 of ihe Chariiic5 Acl ?0 I l {Ihe 2011 Aci'l. In canying out my examinalion I have followed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's Statement
I have compleled Tlly examination. I confirm thal no matters have ¢om¢ to my alleniion in conneciion with the
examinaiion giving me Cau￿ to b¢lieve'.
accounting records were noi k¢pi in respect of the Company as required by Section 386 of the 2006 Act. or
the accounts do noi accord wilh those r¢¢ords,' or
the accounts do not comply wilh ihe accounting requirements of Seciion 396 of the 2006 Aci other than any
requirement Ihai the accounts give 4 tw¢ and fair vlew which is not a matter con51der￿ as part of an independent
examination" or
the accounts have not been prepared in accordance with th¢ methods and principles of the Staiement of
Recommended Praclice for a¢¢ouniing and rep)rtin8 by chariiies (applicable io charities preparing iheir accounts
in accordance wirh ihe Financial R¢portin¥ Siandard applicable in ihe UK and R¢public of IrLland IFRS 10211.
I have no concern5 and have corne across no other matters in conneciion with ihe exwnination io which atteniion should
be drawn in ihis report in order lo enable a proper und¢r%iandin8 of the accounts to be reached.
S G Bolton FCA
The Institute of Chartered Accountants in England ond Wal¢s
Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
RubTby
Wanvick5hire
CV212SG
Date..
16-0?-zoiS
Page 3

MSC CHARITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donaiions and Icgacics
7.429
5,515
Investment income
74,860
83,841
Totil
82,289
89,356
F.XPF.NDITURE ON
L¢tlithg ol. properties
26,063
39.656
Charit#ble activities
Subsisience gyranis for prL¢Sts
Pr¢mi5es and support costs
Administraiion costs
43,000
8.188
86,296
36.000
8,161
52,305
Total
163.547
136.122
NET INCOMF./(F.XPF.NDITURE)
()th¢r rtcognlsed %ainslllosses)
(iains on revaluaiion of fixcd assets
(81 J58)
(46,7661
125.000
r4ei movement in funds
43.742
146,766)
RF.C.'aNC.ILIATION OF FUNDS
I'oidl lunds broubhi forward
3,596,337
3,643,103
TOTAL FUNDS CARRIF.D FORWARD
3,640.079
3,596,337
The notes forni pan of these financial stsiements
Page 4

CHARITY TRUST
BALANCE SHEET
31ST DECEMBER 2024
2024
Unregtrieted
fund
2023
Total
funds
Notes
FIXED ASSETS
Tangibl¢ a5S¢ts
3,230,000
3.105.01)0
CURRENT ASSETS
Debiors
Cash at bank
002
679.898
5,606
762,136
685.900
767.742
CREDITORS
Amounts lalling due within one year
(275.821)
1276.405)
NET CURRENT ASSF.TS
410,079
491,337
TOTAL ASSETS LESS CURREP4T
.IABILITIES
3.040.079
3.596.337
NET ASSETS
3.640.079
3,596.337
FUNDS
IlnrLs(ricted funds
10
3.640.079
3.$96.337
TOTAL FUNDS
3.640.079
3,596.337
Thc charitable company is entiiled to exemption from audit under Section 477 of the Companie$ Act 2006 for the year
ended 31 sl December 7024.
The members have not required the Company to obtain an audit of it5 frnan¢ial statements for the year ended
31 si December 2024 in accordance with Seciion 476 of th¢ Companies Aci 2006.
Th¢ tru51ees acknowledge iheir reswn5ibililie5 for
(a}
ensuring that the charitable company keeps xcounling re¢ords that comply with Seciion$ 386 and 387 of th¢
Companies Aci ?006 and
preparing financial statements which give a true and f¥ir view of ihe sthie of affair5 of the ¢hari1obl¢ company &s
ai the end of exh financial year and of its surplu5 or deficit for each financial year in ac¢ordanc¢ with th¢
r¢quiremen15 of Seciions 394 and 395 and which oihenwise comply w iih the requirements of the Companies Aci
20(16 relating lo financial siaiements. so far as applicable to the charitable company.
Ib}
The rtotes forni pan of these financial sthtements
Page 5
continued...

SC Cm.4R￿y TRLIST
BALAPICE SHEET-
31ST DECEMBEII 2024
Thwe f￿￿11] ststaryrths h•v• bEeD thc w0vilit>￿ w11￿b￿ to ¢h*itabl¢ torn￿1¢5
sthjt¢¢to thtjmll Tt#im¢.
15YJE
. .QKA¥.. ....... on its behxlfby..
RavJPWknctt.fnMt
Re¥. A R Whd•n. TrJ51ge

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing th¢ fin¥ncigl sl*iements
Th¢ financial statemenis of ihe chariiable company, which is a public benefit entity under FRS 102. have been
prepared ITh ￿COrdanCe with the Charities SORP IFRS 102) 'Accounting and Re￿rting by Charit1¢5.' Statement
of Recommended Prdctice applicabl¢ to charities preparing iheir accounts in accordance wilh ihe Financial
Reponing Siandard applicable in ihe UK and Republic of Ireland (FRS 1021 leffe¢tive l January 2019),.
Financial Reponing Standard 102 'The Financial Rewning Standard applicable in the UK and Republic of
Ireland, and the Companies Aci 2006. The financial stsiements have b¢en prepared under the historical cost
conveniion. as Tnodified by the revaluaiion of certain &85ets.
Ineome
Income is re¢ognised in the period in which the charity has eniiilement to the funds.
Expenditure
Expenditure is recognised on an accruals basis.
Costs of generating funds Comprise ihose costs directly a¢tributhble io income frorn letting ih¢ properties.
Donaiion5 are charged in the period in which the funds are received.
Premises and 5UPFrfJrt COs1S comprise costs in respect of the ¢hariry's activiiies and those in¢urred in running
relreais.
Administrdtion cosis comprise cosis of running the charity iLs¢lf as an or8anisation.
Granis offered subj¢¢i io ¢ondiiions which have not been ihe year end dale are noied as a Commimienl but
noi accrued as expcndiiure.
Taxfilio
I'he ¢harity is exempi from Corporation lax on its charithle activilies.
Fut)d accounting
Restricted funds
Resiricied funds used for specified purp05e5 8$ laid down by the donor. Expendiiure which meets these
criteria is allocaied io ihe fund.
Unrestricted funds
Unr¢stricied funds are donation5 and other income received or generated for the objects of the charity wiihoui
further specified purpose and are available as fund5 whtch the chariry may use for its purposes at lis discretion.
Designated fynd$
Th¢5e are sums forniing part of lh¢ rharity's unrestricted funds set aside by the InJst¢¢s for particular purposes in
the fuiure. The In￿1¢¢5 have ihe power to r¢allocaie such fvnd5 within unrestricied funds unless and until
expended.
Pag¢ 7
continued...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED31ST DECEMBER 2024
INVESTMENT INCOME
2024
2023
Rents received
Deposil account ini¢re
55,984
18.876
62,259
21.582
74.860
83,841
LETTING OF PROPERTIES
Property ¢0515
2024
2023
Light and heal
Rates and waicr
Repairs and maintenance
GroLtnd rent and service ch8rg¢
Management fees
691
4,140
12,439
3,414
5J79
2.329
3.135
27.049
2.190
4.953
26,063
39.656
TRVSTEES. REMUNERATION AND BENEFITS
There w¢re no trustees, rernuneraiion or other benefits for the year ended 3 Isi December 2024 nor for (he year
ended 31si tkcember 2023.
Tru5tees' expen$¢s
There were no irusiees, expenses paid for the year ended 31s1 December 2024 nor for ihe year ended
31 si December 2023.
C()MPARATIVES FOR THF. STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
tk)nations and legacies
5,515
Investment income
83,841
Total
89.356
EXPENDITURE ON
Leiiing of prop¢rties
39,656
CharitAble activities
Subsisience granis for priesis
Pr¢rni5es and support costs
Administration costs
36.1)00
8.161
52,305
Total
136.122
NET INCOMEI(EXPENDITURE)
{46.766)
Page 8
continued...

MSC CHARITY TRUST
P40TES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST DECEMBER 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
fund
RECONCILIATION OF FUNDS
Total funds brought fonvard
3,643.103
TOTAL FUNDS CARRIF.D FORWARD
3.596,337
MEMBERS
The company is limited by guaraniee and each member has guardnleed io Contribuie £1 in the event of a windin
up. At 3 1st De¢ember 2024 there were 612023 - 6) m¢mt*rs.
TANGIBLE FIXED ASSETS
At valuation
Freehold investmeni property in¢ludes lh¢ following:
Farniland
Easi l.od&>e. Princethorpe
The Retreai Cenire. Princethorpe
Gardenerfs Collage. Princethorpe
1,200,01)0
425,000
725.1)00
450,1100
£2,800.000
Long leasehold property includes the following..
Community rooms. Princeihorpe College
2 Vita House. Charringion Place. Si Albans
80,1100
350.000
£430.01)0
The properties ar¢ stated ai ihe valualions used for the transfer of the propeTlie$ on 25th May 2022.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
(hher debtors
Prepayments and a¢crned income
1,000
5.002
1.000
4,606
6,{￿2
5.606
Page 9
continued...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS-eontlTrued
FOR THE YEAR ENDED31ST DECEMBER 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
Accruals and deferred income
270.002
5.819
270,00?
6.403
275.821
276,405
10.
MOVEMENT IN FUNDS
Nel
mowemeni
in fvnds
At
31.12.24
Ai 1.1.24
Unrestricted fund5
General fund
3,596J37
43.742
3,640,079
TOTAL FUNDS
3.596J37
43.742
3.640.079
Nei movement in funds, in¢luded in the above are as follows=
Incoming
resour¢¢s
Resour¢¢s
expended
Gains and
loss¢s
Movement
in funds
Unr¢5trict¢d funds
Qi¢neral fund
82389
1163.5471
125,000
4J,742
TOTAL FUNDS
82389
{163,547)
125,000
43,742
Comp*rattves for movement in funds
Nel
movement
in fund5
At
31.12.23
Ai 1.1.23
Unre5tricttd funds
Generdl fund
3,643,103
{46,766)
3.596,337
TOTAL FUNDS
3,643,103
(46.766)
3,596,337
Compardtive net movement in fijnds. includcd in the above are &s follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted fund5
General fund
89.356
(136.122)
(46.766)
TOTAL FUNDS
89.356
(136.122)
(46,7661
Page 10
onlillued...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST DECEMBER 2024
10.
MOVEMEP4T IN FUNDS- Contin￿ed
A current year 12 months and prior year 12 months combined p05iiion 15 as follows=
Net
movement
in funds
At 1.1.23
31.12.24
Unrestrieted funds
General fund
3.643.103
{3,024)
3,640.079
TOTAL FUNDS
3.643.103
(3.024)
3,640,079
A current year 12 monihs and prior year 12 months combined net movement in funds. included in the above are
as follows..
Incoming
resources
Resources
expended
Gains and
loss¢%
Movcment
in funds
Unrestrirted funds
General lund
171.645
(299,669}
125.0
(3,0241
TOTAL FUNDS
171.645
(299.669)
125.000
13.024)
RELATED PARTY DISCLOSURES
Member5 of ihe charity are individual members of The &Ki¢ty of ihe Missionaries of the Sacred Heart of Jesus.
At 31 si December 2024. the charity owed thai organisation £269.¢X)2 {2023 - £269.0021.
Pagell