The Benevolent Society of St Patrick
Report of the Trustees and Financial Statements for the year ended 31 March 2025 Charity number: 214824 www.bsosp.org - www.justgiving.com/bssp 1783
The Medal worn by Lord MacNaghten as President of The Society
The Benevolent Society of St Patrick
Legal and Administrative Information
Patron The Duke of Abercorn KG President Judge Patrick Clyne Honorary Treasurer Edward Cholmondeley-Clarke FCA Independent Examiner Harry Draycott MA FCCA Bankers Bank of Ireland PO Box 2124, Belfast BT1 9RS Secretary Registered address 50-52 Camden Square London NW1 9XB
Trustees and Members of the Grand Committee
Registered Office
The Lord Aylmer The Hon Christopher Bellew (resigned 16 July 2025) The Earl of Clanwilliam Edward Cholmondeley-Clarke Judge Patrick Clyne Major-General Arthur Denaro Lord Gillford Viscount Jocelyn (co-opted 8 August 2025) Dr. Peadar O'Mórdha Conor J Quinn Dr Martina Reichert Mrs Nicky Sansom c/o London Irish Centre 50-52 Camden Square London NW1 9XB
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The Benevolent Society of St Patrick
Report of the Grand Committee 2024 - 2025
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The Benevolent Society of St Patrick
Report of the Grand Committee 2024 - 2025
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The Benevolent Society of St Patrick
Report of the Grand Committee 2024 - 2025
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The Benevolent Society of St Patrick
Report of the Grand Committee 2024 - 2025
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The Benevolent Society of St Patrick
Independent Examiner's report to the Trustees
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The Benevolent Society of St. Patrick
Statement of Financial Activities for the year ended 31 March 2025
| Notes Income and Expenditure Incoming Resources Donations 2 Government Grants 3 Income from Fund Raising Event 4 Income from Investments 5 Total Incoming Resources Resources Expended Grants Payable 6 Expense of Fund Raising Event 7 Management and Administration 8 Total Resources Expended Net (deficit) / surplus for the year Other recognised gains (losses) Unrealised gains on investments 10 Net Movement in Funds Total Funds brought forward Total Funds carried forward The notes on pages 9 to 12 form an integral part of these |
2025 Total £ Unrestricted 28,661 6,000 4,051 18,960 57,672 60,000 250 3,364 63,614 (5,942) 7,457 1,515 388,367 389,882 £ - financial statements |
2024 Total £ Unrestricted 25,302 5,500 3,207 17,429 51,438 59,000 250 3,076 62,326 (10,888) 3,080 (7,808) 396,175 388,367 £ - |
|---|---|---|
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The Benevolent Society of St. Patrick
Balance Sheet as at 31 March 2025
| Notes Fixed Assets Investments 10 Current Assets Debtors 11 Bank Balance 12 Grant authorised but not yet paid Creditors: amounts falling due within one year Net Current Assets Net Assets Funds General Reserve 13 Revaluation Reserve 13 Total Funds |
7,187 42,628 (15,000) (3,000) |
2025 Total £ Unrestricted 358,067 31,815 389,882 £ 216,501 173,381 389,882 £ - |
2,015 38,742 - (3,000) |
2024 Total £ Unrestricted 350,610 37,757 388,367 £ 222,443 165,924 388,367 £ - |
|---|---|---|---|---|
The notes on pages 9 to 12 form an integral part of these financial statements
The Financial Statements were approved by the Trustees on 20th November 2025
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The Benevolent Society of St. Patrick
Notes to the Financial Statements for the year ended 31 March 2025
1 Accounting Policies
1 . 1 Accounting Convention
The Financial Statements are prepared under the historical cost convention, with the exception of investments which are included at market value.
The Financial Statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement because it is a small charity.
1 . 2 Incoming Resources
Grant income, being expendable upon receipt, is included in full in the Statement of Financial Activities when received.
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Income from investments is included in the year in which it is receivable.
1 . 3 Resources Expended
Expenditure is included on an accruals basis.
1 . 4 Investments
Fixed asset investments are stated at market value at the Balance Sheet date. Any gain or loss on revaluation is taken to the statement of Financial Activities.
| 2 Donations General Donations Covenanted - Gift Aid Tax credit on Gift Aid |
2025 £ 27,805 685 171 28,661 £ |
2024 £ 23,696 1,285 321 25,302 £ |
|---|---|---|
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The Benevolent Society of St. Patrick
Notes to the Financial Statements for the year ended 31 March 2025
| 3 | Government Grants | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| Government of Ireland: Emigrant Support Programme | 6,000 £ |
£ | 5,500 |
|
| The Government of Ireland: Emigrant Support Programme is being administered in aid of | ||||
| the Irish and those of Irish descent by our partners | in Southwark Irish Pensioners. | |||
| The Government of Ireland: Emigrant Support Programme Grant is for the period July 2024 | ||||
| to the end of June 2025 . In accordance with Accounting Policies the Grant is recognized in | ||||
| full on receipt. | ||||
| As at 31 March £3,900 had been expended and in | the remaining | three months of the Grant | ||
| period a further £1,600 had been spent. | ||||
| 4 | Income from Fund Raising Event | 2025 £ |
2024 £ |
|
| Annual Lecture | 4,051 £ |
£ | 3,207 |
|
| 5 | Investment Income | 2025 £ |
2024 £ |
|
| 17,928 M&G Charifund Income Units | 16,225 | 15,418 | ||
| 22,340 M&G Charibond Income Units | 1,162 | 894 | ||
| 7,402 COIF Charities Fixed Interest Fund Units | 261 | 152 | ||
| 18,848.01 COIF Charities Global Equity Income | 1,312 | 965 | ||
| 18,960 £ |
£ | 17,429 |
||
| 6 | Grants Payable | 2025 £ |
2024 £ |
|
| Net Grants disbursed | 60,000 £ |
£ | 59,000 |
|
| 7 | Expense of Fund Raising Event | 2025 £ |
2024 £ |
|
| Annual Lecture costs | 250 £ |
£ | 250 |
|
| 8 | Management and Administration | 2025 £ |
2024 £ |
|
| Administration fees | 3,000 | 3,000 | ||
| Other costs | 364 | 76 | ||
| 3,364 £ |
£ | 3,076 |
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The Benevolent Society of St. Patrick
Notes to the Financial Statements for the year ended 31 March 2025
9 Trustee's emoluments
There were no emoluments paid during the year, nor any in the previous year.
| 10 Fixed Asset Investments Investments Opening Market Value Additions / (Sales) Unrealised gains / (losses) Closing Market Value Cost 17,928 M&G Charifund Income Units 22,340 M&G Charibond Income Units 7,402 COIF Charities Fixed Interest Fund Units 18,848.01 COIF Charities Global Equity Income Market Values 17,928 M&G Charifund Income Units 22,340 M&G Charibond Income Units 7,402 COIF Charities Fixed Interest Fund Units 18,848.01 COIF Charities Global Equity Income 11 Debtors Tax credit on Gift Aid Deferred grant receipt |
2025 350,610 - 7,457 358,067 £ 108,927 27,635 10,000 50,000 196,562 £ 272,204 24,128 9,338 52,397 358,067 £ 2025 £ 2,187 5,000 7,187 £ |
2024 347,530 - 3,080 350,610 £ 108,927 27,635 10,000 50,000 196,562 £ 261,049 24,673 9,102 55,786 350,610 £ 2024 £ 2,015 - 2,015 £ |
|---|---|---|
12 Bank Balance
In addition to the balance held in the Society's bank account at 31 March 2025 the London Irish Centre held £11,098 in funds awaiting distribution (2024 £23,962), and Southwark Irish Pensioners held £19,381 (2024 £16,546).
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The Benevolent Society of St. Patrick
Notes to the Financial Statements for the year ended 31 March 2025
| 13 Funds - Unrestricted Balance 31 March 2024 £ General Reserve 222,443 Revaluation Reserve 165,924 388,367 £ |
Incoming Resources £ 57,672 - 57,672 £ |
Resources Expended £ (63,614) - (63,614) £ |
Gains / (Losses) £ - 7,457 7,457 £ |
Balance 31 March 2025 £ 216,501 173,381 389,882 £ |
|---|---|---|---|---|
14 Post Balance Sheet events
Subsequent to the year-end the holding of 22,340 M&G Charibond Fixed Interest Fund Income Units were re-purchased by M&G and the sum of £24,215 was realised. This has crystalised a loss of £3,420 which is fully provided for at 31 March 2025 as an unrealised loss.
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