REGISTERED COMPANY IYUMBER: 11080519 (England and Wales}
REGISTERED CHARITY NUMBER.. 1176634
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
FOR
MSC CHARITY TRUST
Athinson Finch & Co
Chanered Accouniants
Cenfrdl Charnbers
4547 Albert Street
Ru8b)'
Warwi¢kshire
CV212SG

MSC CHARITY TRUST
CONTENTS OF THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31ST DECEMBER 2025
Page
Rey)rt of the Truslees
Ind¢p¢ndent Ex*min¢r's Report
Stltement of Fln4nel81 Ac¢ivitle&
B4l#nce Sheet
Notes to the Flnanei*l Sl¥tements
7 to 11

MSC CHARITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2025
The ijustees who are also directors of the charity for ihe PUTposes of the Companies Act 2006, present their r¢port of the
financial statements of ihe charity for th¢ year ended 3 December 2025.
The trust¢¢5 have adopt￿ ihe provisions of Accounting and Reporttng by Charities= Statement of Recommended
Practice applicable io chariti¢s preparing their accounts in ￿COrdanCe with the Financial ReEKTrrting Standard applicable
in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019).
OWEcfivES AND ACTIVITIES
ObJeetive5 Jnd aims
The charity's obj¢ctives are to promote the objectives of The Society of the Missionaries of the S8crd Heart of Jesus. a
voluntary association of men formed in Ireland for the promotlOD of the Catholic faith.
The trust is in r¢ceipt of property and investment income. which together with donations are applied io ￿rther the
objects.
The trusiees ¢onfimi that they have ref¢rred to the Charity Commission's Buidan¢¢ on publi¢ benefit when reviewin8 the
Charity's aims and objectives and in planning funwe xiivities.
ACHIEVEMENTS AND PERFORMANCE
Charltgble artlvltles
The charity makes donation5 10 SUPPOrt vuln¢rnbl¢ people aTowid the worl4 althou8h no donations or Brants have been
paÈd out thi5 year.
Thi5 year a significant amount has again been spertl Oll PT0ft￿1Onal fees connected with th¢ developmeni and sale of
various properties. This is wiihin the Adminisirntion costs category.
FINANCIAL REVIEW
Reserves policy
The ttusl¢¢s have considered the requirem¢ni for free reserve5 which are those fun(ts not invested in fixed assets,
designJt¢d for 5p¢cific purposes or otherwise committed.
Going eoncern
The trustees eonfirm that they are not awaTe of any M￿¢￿0] un¢¢rtaintie5 about the ¢hgrity's ability 10 continue.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Goyernlng document
The charity is controlled by its governing docum¢nL a deed of trusl and ¢onstitute5 4 limited cornpany, litnited by
guJrnntee, a5 defined by the Companies Act 2006.
Reeruitrnent and appolntment ol new trnstees
Trustees are appointed by the Provincial of The Missionaries of the Sacred Heart of Jesus, such the numb¢r of
tm5te¢s shall not excttd t¢n ai any time.
Rel8ted partie5
The Trustees of the charity are members of The Society of the Missionaries of the Sacred Heart of Jesus. a voluntary
ass￿latIon of men formed in Ireland for th¢ promotion of the Catholic faith.
A summary of ihe trJnsaciion5 Wlth related pantes is set out in not¢ I l of th¢ fmancial Matements.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Comp8Ry number
1080519 {England and Wales}
Registered Charity number
1176634
Page I

MSC CHARITY TRUST
RF.PORT OF THE TRVSTF.ES
FOR THE YEAR F.NDED 31ST DECEMBER 202S
Registered office
PrinLeihorpe College
Leamingion Road
Piinceihorpe
Warwickshire
CV23 9PX
Trustees
Rev. J J McGe¢
Rev. M A Feny
Rev. J P W Bennett
Rev. D Nixon
Rev. A R Whclan
R¢v. F P Gallagher
Resigned on 16th March 2026
Apwiinted on 29th May 2026
Company Sttret4ry
Mr P Shaw
Independent Fxaminer
S Ci 14olion FCA
Aikinson l.iTr¢h & Co
Chartered Accounranis
Central Charnbers
45.47 Albert 8iree¢
Ru¥by
Warwickshire
CV212SCJ
Solicilo
Brindley 'l'wisi Tafft & Jam¢$
Lowick Cjate
Siskin Drive
Covcniry
CV3 4FJ
Approv¢d by order of ihe board (Trf trnsiees on
and signed on its behalf by:
Rev.
J McGee- 'frusiee
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MSC CHARITY TRUST
IDdependenl ¢xaminer's report to the tr￿Ste¢S of MSC Charily Trust ('the Company,)
I report to the charity trustees on my examinaiion of the accounts of the Company for the year ended
3 1st December 2025.
Responsibilities A Trd basis of report
As th¢ ¢harity's irustees of the Company (and also its dire¢tots for the purposes of company law) you we res￿nsIble for
the prepara¢ion of the accounts in accordanc¢ with the requirements of the Companies Act 2006 ('the 21M)6 Act,).
Having S￿l$fied myself ihai the accounts of the Company are not r¢quired to be auditrd under Part 16 of the 2006 Act
and are eligibl¢ for independ¢ni examination, I report in Te5pea of my examination of your charity's accounts as carried
oul under Section 145 of the Charities Aci 2011 {'the 201 l Acl,). In canying oui my examination I have followed the
Directions given by ihe Charity Commission under Section 145(5) (b) of the 2011 Ad.
Independent txaminer's $t8temen¢
I have compl¢ted my examination. I confirni thai no matters have com¢ to my attention in connection with ihe
¢xaminaiion giving me cause lo believe:
accounting record5 w¢re noi kept in respeci of the Company as T¢quired by S¢ciion 386 of the 2006 A¢t' or
Ihe accounts do nol a¢¢ord wilh those records: or
the account5 do not comply with the a¢¢ouniin8 requirements of Se¢iion 396 of the 2006 Act other than any
requirement that the ttccounts give 4 true and fair view which is noi a matter ¢onsidered as part of an independent
exarnin#tion" or
the accounts have not been prepared in a¢cordance with the methods and principles of the Statement of
Recommended Practic¢ for accounting8nd reporting by charities (opplicable io chariiies preparing their accounts
in accordance with the Financial Rew)rtiDg Stsndard applicable in the UK and Republic of Jreland {FRS 102)).
I have no con¢ems and have Come acr055 no oiher matter5 in connection with the examination to which atteniion should
b¢ drawn in this r¢port in order 10 enable a prop¢r understhnding of the a¢¢ounts to be rea¢hed.
S G Bolton FCA
The Inslilute of Chart¢r¢d Accountani$ in England and Waks
Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV212SG
Date-
Page 3

MSC CHARITY TRUST
STATEMENT OF FINANCJAL ACTIVITIES
FOR THE YEAR ENDED31ST DECEMBER 2025
2025
Unrestriet¢d
fund
2024
Tolal
funds
INCOME AND ENI)OWMENTS FROM
Donations and legacies
13J96
7.429
Inve5tm¢nt income
70,118
74,860
Total
83,514
82,289
EXPENDITURE ON
Letting of properties
30J49
26,063
Charitable activiti¢s
Subsistence granis for priests
Pr¢mises and supwrt costs
Administraiion costs
43,000
8.188
86,296
8,527
49.063
Total
130.939
163.547
NET INCOME/(EXPENDITURE)
Other rteo8ni$ed gginsl{10$5es)
Gains on revaluation of fixed assets
(47.425>
(81.258)
125.OLN)
Net movement In funds
(47.425)
43.742
RECONCILIATION OF FUNDS
Total funds brou8hi forward
3,640.079
3.596,337
TOTAL FUNDS CARRIED FORWARD
3,592,654
3,640,079
The notes forni part of these fmancial ststements
Page 4

MSC CHARITY TRUST
BALANCE SHEET
31ST DECEMBER 2025
2025
UThrestrlcted
fund
2024
Tothl
funds
Not¢5
FJXED ASSETS
Tangible assets
3.230.000
3,230,000
CURRENT ASSETS
Debtors
Cash ai bank
6,630
632,890
6.002
679,898
639.520
685,900
CREDITORS
Amount5 falling due within one year
(276.866)
(275.821)
NET CURRENT ASSETS
362.654
410.079
TOTAL ASSETS LESS CURRENT
LIABILITIES
3￿92.054
3.640,079
NET ASSETS
3,592.654
3.640,079
FUNDS
Unrestrici¢d funds
10
3,S92,654
3.640,079
TOTAL FUNDS
3￿92.651
3,640,079
The charitable company is entitled to exemption from audii under S¢¢tion 477 of the Companies Act 2006 for the year
¢nded 3 1st December 2025.
The members have not r¢qtsired the company io obtsin w audit of its fmanci81 statements for the year ended
315t December 2025 in accordance with Section 476 of the Companies A¢1 2006.
The trnstees ¥cknowledge their responsibiliiies foT
(a)
ensuring thai ihe charitable company keeps accryjnting records that compty with Sections 386 and 387 of the
Companie5 Aci 2006 and
preparing financial 5taiements which give a tsve and fair view of the stale of atTair5 of the charitable company a5
at (he end of each financial year and of its surplu5 or defictt for each financial year in accordance with ihe
requirements of Sections 394 and 395 and which otherwis¢ comply with the requirements of the Companies Act
2006 relaiing to rtnancial stal¢men￿ so far ￿ applicable to th¢ charithl¢ company.
(b)
The nrfes foTm part of these flnancial stalem¢nlS
Page 5
Continued...

MSC CHARITY TRUST
BALANCE SHEET- continued
31ST DECF.MBER 2025
These financial statement5 have been prepared in accordance with ihe provisions applicable io charitable cornpanies
subject io ihe small companies regim¢.
Th
financ
al statements were approved by the ￿)ard of Tn￿ttts and auihorised for issue
on
2o2L
and w¢r¢ signed on its behalf by..
Rev.
J McGee - I'ru51ee
Rev. A R Whelan. Trusltt
The noies forni part of these financial statemen
Page 6

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31ST DECEMBER 2025
ACCOUNTING POLICIES
Basis of preparing th¢ finaneigl st#¢em¢nts
The financtal statements of the chatiiable company, which is a public beTJefit entity under FI48 102. have been
prepared in accordance with the Chariiies SORP (FRS 102) 'ACCoL￿ting and Reporting by Charities.. Sratement
of Recommended Practice applicable lo charities preparing th¢ir accounts tn accordance with th¢ Financial
Reporting Standard applicable tn ihe UK and R¢public of Ireland (FRS 102) {effective l January 2019}',
Financial Reporting Stsndard 102 Financial Reporting Stsndard applicable in the UK and Republic of
Ireland, and the Companie5 Aci 2006. Th¢ financial stslements have been prepared under the historical ¢ost
convention, &5 rnodified by the revaluation of certain wets.
Incorn¢
Income is recognis¢d in the period in whi¢h the charity has entitlement to th¢ fimds.
Expenditure
Expenditure 15 rwo8nised on an Kcruals bfisis.
Costs of g¢neraiin8 funds comprise those costs directly attributable to income from letting the properties.
Don&iions are charg¢d in the period in whi¢h ihe fimds we received.
Premise5 and support costs comprise Costs in respttt of the charity's O¢tivities and those incurred in running
retreats.
Administration costs comprise ¢osts of running the ¢hariry itself as an Organi￿tiOn.
Grants off¢red subject to conditions which have not been mei •1 the year end da* are noted as a commitmeni bui
not accrued as expenditure.
T*x#tlon
The charity is exempt from ¢ory￿rnI0n lax on its charitable acliviti¢s.
Fund #eeountln8
Re5trleted funds
Restri¢i¢d funds are used for specified purposes as laid down by the donor. Expenditure whi¢h meets these
¢riterio is allocated to the fimd.
Unrestricted funds
Unrestricted funds ar¢ donations and other income r¢¢¢ived or 8ener*ed for the obje¢t$ of th¢ charity without
fiJrth¢r specified purpose and ore availabl¢ ¥$ funds which the charity rnay use for its PUTP05es ai its discretion.
De5ign*ted funds
These are sums forniing part of the charity's unrestricted fitnds sel aside by the trustees for particular puJyose5 ifl
Ihe futur¢. The trusiees hav¢ the ￿Wer to r¢4llocaEe such fuods within wtrestricied fijnds unle55 and until
expended.
Page 7
continued...

MSC CHARITY TRUST
NOTES TO THE Fif4ANCJAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST DECEMBER 2025
INVESTMEf4T INCOME
2025
2024
Rents received
Deposit account intttesi
54,760
15J58
55.984
18,876
70,118
74.860
LE￿ING OF PROPERTILS
Property
2025
2024
Lighi and heal
Rates and water
Repairs and maintenonce
Ground rent and service charge
Management fe¢5
1,249
5,093
14.690
JJsi
5.966
691
4.140
12,439
3.414
5.379
30J49
26.063
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remunerntion or other benefits for the year end¢d 3 1st De¢ember 2025 nor for the yeor
ended 31 st December 2024.
Trystees. expeTrses
There were no trustees, expenses paid for the year ended 31st December 2025 nor for the year ended
3 1st December 2024.
COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fvnd
INCOME AND ENDOWMENTS FROM
Donations and Icgacies
7,429
Investment income
74,860
Total
82,289
EXPENDITURE ON
Letting of properties
26,063
Charitsble aetiviti¢$
Subsistence granls for priests
Premises and sitpport costs
Administration cosls
43,000
8,188
86,296
Tot81
163.547
NET IIYCOMEIIEXPENDITURE)
Other recognised gaillsl(lossu)
(81,258)
Page 8
coniinued...

MSC CHARITY TRUST
NOTESTO THE FINANCIAL STATEMENTS- coAtsDued
FOR THE YEAR ENDED 31ST DECEMBER 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued
Unrestricied
fund
Gains on revaluation of fixed assets
125.000
P4et rnovement In funds
43.742
RECONCILIATION OF FUNDS
Total fvnds brotsght forward
3,596.337
TOTAL FUNDS CARRIED FORWARD
3,640,079
MEMBERS
The colnpany is limited by guarantee and each member has 8uaran¢eed to contribute £ l in the event of & winding
up. At 3 1st D¢¢ember 2025 th¢r¢ were 6 (2024- 6) members.
TANGIBLE FIXED ASSETS
Al valuation
Fr¢¢hold investmenl propery includes the followin8'.
Familand
East Lodge. Princethorpe
The Retreai C¢ntre. Princethorpe
Gardenels Cotta8e, Princdhorpe
1,200,000
425,000
725,01)Q
450,000
£2,800.000
Long leasehold property includes the followin8:
Community room5, Princethorpe College
2 Vita House, Charrington Place, St Albans
80,QOO
350,01)0
£430,000
The properties are stated ai ih¢ valuations used for th¢ transfer of th¢ proj￿rtIeS on 25th May 2022.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Other debtor5
Prepayments and accrued incorn¢
5,630
5,002
6,630
6,002
Page 9
continu¢d...

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- eontinyed
FOR THE YEAR Ef4DED 31ST DECEMBER 2025
CREDITORS.. AMouNfs FALLING DUE WITHIN ONE YEAR
2025
2024
Other creditors
Accruals and deferred income
269.972
6,894
270,002
5.819
276.866
275.821
io.
MOVEMEf4T IN FUNDS
Net
movemenl
in funds.
At
31.12.25
At 1.1.25
Unrestricted funds
Genernl fund
3,640.079
(47,425)
3,$92.654
TOTAL FUNDS
3,640.079
(47,425)
3,592.654
Net movement in fund5. in¢luded in the 4bove are as follows:
Incomiftg
resources
Re50UT¢es
expended
Movement
in funds
Unrestricted funds
Gcneral fund
83J14
{130,939)
(47.425)
TOTAL FUNDS
83￿14
(130,939)
(47,425)
Comp4ratlves for rnov¢ment in funds
Nel
movernent
in funds
Ai
31.12.24
A¢ 1.1.24
Unrestricted funds
General fund
3.596,337
43.742
3,640,079
TOTAL FUNDS
3.596.337
43.742
3,640.079
Comparative net movement in fvnd5. included in the a￿ve are follows".
Incoming
r¢sources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
82289
(163,547)
125,000
43,742
TOTAL FUNDS
82289
(163,547)
125.000
43,742
Page 10
continued..

MSC CHARITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- coDtinued
FOR THE YEAR ENDED 31ST DECEMBER 2(125
io.
MOVEMENT IN FUNDS- eontiny¢d
A current year 12 months and prior year 12 months combined posilion is as follows..
Net
movement
in funds
At
31.12.25
At 1.1.24
UTrrestrieted
G¢neryJl fund
3.596,337
(3,683)
3,592.654
TOTAL FUNDS
3.596.337
(3,683)
3,592,654
A cuJTent year 12 months and prior year 12 months combined net movement in thnds. included in the above are
as follows:
Incoming
Resources
expended
Gains and
10s5¢S
Movement
in funds
Unr¢strlct¢d funds
General fund
165.803
{294.486)
125,000
{3,683)
TOTAL FUNDS
165.803
(294.4861
125.(KK)
(3,683)
RELATED PARTY DISCLOSURES
Members of the charity are individuAI members of The So¢iety of the Missionaries of the Sacred Heart of Jesus.
Ai 31 si December 2025, the charity ow¢d thai organi5ation £268.972 (2024 - £269.002).
Pag¢ll