## **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
**1**
## **The Benevolent Society of St Patrick**
## Report of the Grand Committee 2024 - 2025
**2**
## **The Benevolent Society of St Patrick**
## Report of the Grand Committee 2024 - 2025
**3**
## **The Benevolent Society of St Patrick**
## Report of the Grand Committee 2024 - 2025
**4**
## **The Benevolent Society of St Patrick**
## Report of the Grand Committee 2024 - 2025
**5**
## **The Benevolent Society of St Patrick**
Independent Examiner's report to the Trustees
**6**
## **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
£
-|
|---|---|---|
**7**
## **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
**8**
## **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
£|
|---|---|---|
**9**
## **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
|
**10**
## **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).
**11**
## **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.
**12**