2025-12-31-accounts

CATHOLIC CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS for the year ended 31st December 2025 Hunters Law LLP 9 New Square Lincoln's Inn London WC2A 3QN WVM.35444-1

CATHOLIC CHARITABLE TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Contents Page Independent examiner's report Trustees, Report Balance sheet Statement of Financial Activities Donations Investments 9-10 Notes to the Accounts 11-12

Independent Examiners Report to the Trustees of Catholic Charitable Trust I report on the accounts of the Trust for the year ended 31 December 2025 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act", lo follow Ihe procedures laid down in the General Directions given by the Charity Commissioner under section 14515llbl of the 2011 Act., and lo state whether particular matters have corne to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review af the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures In the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedLJres undertaken do not provide all the evidence thal would be required in an audit and, conseqLJently no opinion is given as lo whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come lo my attention.. which gives me reasonable cause lo believe that, in any material respect, the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act., and to prepare accounts which accord with the accounting records and lo comply with the accounting requirernenls of the 2011 Act have not been mel". or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (b) Colin Reid FCA Burgess Hodgson Audit Limited Chartered Accountants 27 New Oover Road Canterbury Kent CT1 3DN January 2026

CATHOLIC CHARITABLE TRUST ort of the Trustees for the ear ended 31st December 2025 The Trustees present their annual report and financial slalemenls of the charity for the year ended 31st December 2025. The financial statements have been prepared in accordance with the accounting policies sel out in the notes to the accounts and comply with the charity's trust deed, the Charities Acl 2011 and Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)(Charilies SORP (FRS 1021) Objectives and Activities for the Public Benefit The purposes of the charity are the advancement of religion in any part or parts of the world by means of the sacraments, services, ceremonies. rituals and missionary and olhei work of all kinds of the Roman Catholic Church and for such other objects if any {being charitable in the legal sense of that word} in connection with the Roman Catholic Church. It is the general policy of the Trustees to support charities involved with the traditional teachings and praclices ol the Roman Catholic Church as these were taught and accepted by Catholics before the Second Vatican Council, including the preservation of the Latin Lilurgy and Traditional Liturgical Services. The Trustees consider the charities, activitie5 are for the public benefit. The trustees confirm that they have complied with their duty under s17151 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission for England and Wales. Method of appointing new trustees The power of appointing new trustees is vesled in the trustees. Any new trLJStee appointed is informed as to the charity's activities and aims and provided with copies of the governing document, Minutes of recent meetings and the lalesl financial accounts. Volunteers Aside fmm the truslees, the charity receives no assistance from volunteers. Wider network The charity acts independently and 15 not part of a wider neI￿ork. Donations The charity is not involved in fund-raising or publicity and receives no donations. Grant making policy The charity does nol invite applications for grants but does consider unsolicited appeals. It supports several charities on an ongoing basis, SLJbjecl to reports and appeals bein9 received. Due to the high volume of unsolicited appeals received, the trustees regret they cannot acknowledge all applications and will only respond if the applicant is successful. During the year the Trust supported 16 Catholic charities with varying objectives. organisations support the Latin Mass,. 2 support missionary work., 2 charities are based in California and were previously supported by Claude, Countess of Kinnoull, a major benefactor of the charity. The 2 largest granls were for £20,000 each towards the traditional teachings of the Roman Catholic Church and an order of Religious Sisters.

Investment policy and performance The charity has professional investment advisers who manage the portfolio on a medium high-risk basis with a balanced investment objective. Their recommendations are subject to the review of the Trustees. During the year the charity disposed of investments for £74,494 realising a gain on their values at the start of the year of £12,984. The charity purchased one investment al a cost of £36,166. The annual revaluation of the investments saw a gain during the year of £271,132 and the total value of Ihe charity increased during the year by 6.350/0. Al 31 st December 2025 the investments were held in the following classes. All investments were held at fair value'.- 2025 2024 UK fixeé interest Foreian fixed interest UK listed equilies Overseas listed e Cash 8.363 /0 0/0 27.891 % 9.0820/0 25.7640/a 63.393/0 1.8510/. uities 1.328°1. Financial Review The charity's funds increased from £3,604,002 10 £3,832,849 in the year. AIS income is received from investment incorne which decreased to £104,71Q 12024.. £111,938) Expenditure increased lo £159,979 {2024 £143,015). Reserves pollcy The Trustees have power under the governing document lo apply income and capital for the charity's objeclive5. In practice the Trustees aim to dislribute the income and lo build up the capital as unrestricted reserves. The reserves at the year-end were £3,832,849 12024.. £3.604,002). Risk management The principal risk faced by the charity Sies in the performance of inveslmenls. Thi5 is mitigated by retaining expert investment managers and having a diversified investment portfolio. The Trustees have reviewed the risks to which the charity is exposed and consider that they have established sufficient systems and procedures lo mitigate those risks. Where appropriate, risks are reported on and discussed at subsequent meetings. Plans for the future The Trustees expect to be able lo continue at approximately the same level of aclivily in 2026 as in previous years. Structure, governance and management The charity is registered with the Charity Commission number 215553 and is constituted under a Declaration of Trust dated 15 March 1935. It received large gifts from Claude, Countess of Kinnoull on its inception and seeks ta continue ils charitable work through the careful stewardship of its existing resources.

The Trustees manage the charity and take all decisions jointly with regard to the review of the Trust's activities and achievement of objectives. Day to day adminislralive tasks are delegated to the charity's legal and investment adviser5. The Trustees meet at least once year to agree grants and policies and deal with other matters by correspondence as they arise. Rolated party transactions The charity has no subsidiaries and is not connected with any other charily. None of the Trustees were paid remuneration or expenses forthe year. Mr W E Vernor-miles is a partner in the firm of Hunters Law LLP who prepared the Trust Accounts and act in the administration of the charity. Hunters received fees of £22,259 plus VAT for this work in the year (2024.. £19.1561. Mr Orr was a member of Ihe firm Raymond James, who were the charity's Investment Managers and received managementand sundry fees of £12,119 plus VAT in the year {2024.' £11,927}. Travel expenses of £6712024.. £1801 and Iruslee meeting expenses of £263.8912024'. Nil) were reimbursed to Trustees during the year.

Reference and Administrative Details Charity registration number 215553 Prlncipal address 9 New Square Lincoln's Inn London WC2A 3QN Trustees John Crosfield Vernor-miles Wilfrid Edward Vernor-miles David Peter Orr Jennifer Frances Vernor-miles Independent Examiner Colin Reid FCA Burgess Hodgson Audit Limited 27 New Dover Road Canterbury Kent CT13DN 50licitors Hunters Law LLP g New Square Lincoln's Inn London WC2A 3QN Bankers CAF Bank Ltd 25 King5 Hill Avenue Kings Hill West Malling Kent ME19 4JQ Investment Managers Raymond James Investment servI￿s Ltd 1 King William Street London EC4N 7AF Approved by the trustees on signed on their behalf by..

CATHOLIC CHARITABLE TRUST BALANCE SHEET as at 31st December 2025 Unrestricted funds 2025 2024 Notes Flxed assets Investments 3.786,627.52 3,540,839.08 Current assets Raymond James combined income & dealing £ Raymond James US$ CAF Bank Hunters 31,486.13 7.19 18,883.01 578.28 45,017.04 7.58 13,905.66 7.851.91 Net Current assets 3,837,582.13 3,607,621.27 Creditors: amounts falling due within one year Accruals (4.732.80) (3,619.201 Net assets 3.832,849. 3,604,002.07 Represented by.. Unrestricted funds 3,832,849.33 3,604,002.07

CATHOLIC CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES for the ar ended 31 DECEMBER 2025 Unrestricted funds 2025 2024 INCOME UK Fixed Interest Foreign Bond Interest UK Dividends Foreign Dividends Bank interest received 2023 donations re-credited 16,773,58 0.00 46,147.37 40.797.11 992.18 0.00 17,315.38 0.00 49,386.31 37.552.10 1,684.10 6,000.00 Total income 104,710.24 111,937.89 EXPENDITURE 2025 2024 Charitable donations 117,196.65 104,392.33 Hunters Law LLP costs lo December 2025 Raymond James rnanagemenl costs Raymond James valuation fees Trustees, meeting expenses Trustees, travel expenses Burgess Hoégson Independent Examiners fee Bank fees 26.710.80 14,527.87 15.00 263.89 67.30 1,050.00 147.59 22,987.20 14,282.80 30.00 0.00 180.00 954.00 188.49 Total expenditure 159,979.10 143,014.82 Net incomel(expenditure) and net movement in funds (55,268.86} (31,076.931 Realised gainsl(lossesl on investments Unrealised gainsl{losses) on investments Net gain l (loss) on currency conversions 12,984.26 271,132.40 10.54) 81,406.52 106,828.07 1277.111 Net movement in funds 228,847.26 156,880.55 Total funds brought forward 3,604,002.07 3,447,121.52 Total funds carried forward 3,832,849.33 3.604,002.07

CATHOLIC CHARITABLE TRUST DONATIONS made in the ear ended 31st December 2025 2025 2024 CAFOD California Friends of the Society of Sl Plus X {$8,0001 Cardinal Hume Centre Carrnelile Monastery Carmel California1$7,000) Catholic Bishops Conference for England and Wales Dominican Council (Cardinal Radcliffe) Institute of the Blessed Virgin Mary Latin Mass Society Liltle Sisters of the Poor Little Sisters of the Poor Our Lady of the Rosary & St Dominic's (Church maintenance) Our Lady of the Rosary & Sl Dominic's (for Latin broadcasll Radio Maria Religious of Mary Immaculate Roman Catholic Diocese of Peckham Sl Peters Winchester Sl Peters Winchester (school in India) Society of Saint Plus X - England Society of Saint Plus X - Switzerland Society of Missionaries of Africa (White Fathers) Missionary Sisters of Our Lady of Africa (White Sisters) 5,000.00 6,265.66 6,000.00 5,430.99 5,000.00 7,000.00 0.00 2,000.00 9,000.00 500.00 8,000.00 0.00 5,000.00 20,000.00 0.00 0.00 0.00 20,000.00 8,000.00 5,000.00 5,000.00 10,000.00 5,600.00 5,000.00 4,792.33 5,000.00 0.00 5.000.00 2,000.00 B,OQO.00 0.00 3,000.00 4,000.DO 5.000.00 0.00 5,000.00 2.000.00 2,000.00 20,000.00 8.000.00 5,000.00 5,000.00 117,196.65 104,392.33

CATHOLIC CHARITABLE TRUST INVESTMENTS held at 31st December2025 Value at 3111212025 Value at 3111212024 Income UK BONDS £25.000 Treasury 4.125Yo IIL SNR NTS 221712030 acc interest $300,000 Tesco 6.15.10 Snr Nts 15111137 acc interest FOREIGN BONDS None at year end UK SHARES 6,000 Aviva 8.750/. Cum Irre Pref £1 3,200 BHP Billilon US$O.50 16,000 BP Ord US$O.25 3,450 British American Tobacco Ord 25p 3,100 Diageo Ord 28p 900 Experian Ord USSO.10 3,494 GSK PIC Ord 31.25p 30,600 Haleon Ord 1 p 41,000 M&G Ord 5p 770 Magnutn Ice Cream Idemerged from Unileverl 2,DOO Rio Tinlo Ord 1 Op 4,100 Shell PIC Ord É0.07 3,422 Unilever Ord .03111 p FOREIGN SHARES 80 Adobe Com 860 Alphabet Inc Cap Stock "C" Class 1,150 Apple Inc Com NPV 3,000 ANZ GTOUP Holdings NPV 350 Beclon Dickinson Com 1.100 Canadian Pacific Kansas Com NPV 230 Deere & Co Com US$1 1,400 Emerson Electric Com US$0 50 300 Equifax Inc Com Slock US$1,25 1,632 Jardine Malheson US$O.25 140 LVMH Moel Hennessy Ord É0.30 860 Microsoft Com 1,050 Philip Morri5 Com 900 Remy Cointreau Ord É1.60 2,500 Nestle SA CHFO.1 D 2,050 Novartis AG CHFO 50 54,000 Polar Capital Tech Trust Ord 2.5p 1,700 Procler & Garllble Com NPV 2,500 Verizon Communications USSO.10 5,680 Woodside Energy Ord 2,9e6.62 84,907.68 453.95 233,845.48 1.713.46 84,599.85 453.95 240,761.47 1,842.09 13,806.96 205.68 2,671.34 3,921.42 8,247.57 2,461.09 0.00 2.2D1.85 2,080 80 8,282.00 0.00 5,691.35 4,414.47 5,969.80 0.00 72,288.00 69,248.00 145,383 00 49.708.50 30,267 00 63,766.28 114,688.80 117,424.00 9,066.75 119,880.00 112,340.00 166,292.09 8,100.DO 62,464.00 62,880.00 99,360.00 78,662.50 47,060.18 115,484 00 81,118.50 0.00 94,460.00 101,516.00 175,098.00 20,803 79 200,515.65 232,295.10 54,050.57 50,468.84 60,178.92 79,562.74 138.057.91 48,365 74 0.00 78,847 41 309,029.25 125,138.39 28,793.71 184,731.61 210,848 35 250,560.00 181,018.23 28,416.55 130,824.91 230,038 58 42,327.47 63,427 70 63,589.45 77,843.10 138,592.05 61,071 66 53,409.68 73,559 32 289,554.19 100,941.38 43,455.97 164,933.92 160,207.05 188,190.00 227,659.78 449.84 760 33 2,398.13 932.63 368.75 959 79 1,890.08 356 81 2.008.03 1,158.93 2.315.28 4,257.99 874.73 4,505.31 4,052.28 0.00 4,543 68 Jii 4,400.34 4,564.18 103,718.06 75,657.38 66.430.94 3,786,627.52 79,859.25 69,076.53 3,540,839.08 Market Value al 31112124 of investments sold in the year Cost of Inveslrnenls purchased in the year Adjusted Market Value al 31112124 Market Value al 31112125 161,509.681 36.165.72 3,515,495.12 3,786,627.52 UNREALISED GAINILOSS IN 2025 271,132 40

CATHOLIC CHARITABLE TRUST INVESTMENT CHANGES durin th8 ar ended 31st December 2025 Value at 31112124 {or cost if bought in the year) Proceeds Gainl Loss Disposals 23105125 6.000 Aviva 8.75ts/. Cum Irre Pref £1 9,120.00 8.100.00 1,020.00 24107125 1,632 Jardine Malheson US$O.25 65,373.94 53,4Q9.68 11,964.26 74,493.94 61,509.68 12,984.26 Acquisitions Cost 24107125 900 Experian Ord US$O.10 36,165.72 36,165.72 10

CATHOLIC CHARITA8LE TRUST NOTES TO THE ACCOUNTS 1. General Information The Charity is a public benefit entity and registered charity in England and Wales and is unincorporated. The address of the principal office is 9 New Square, London WC2A 3QN. 2. Statement of Trustees, Responslbilities In Respect of the Accounts In accordance with the Charity Commission's Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)), Accounting ftjr Chafilies, the Charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United lQngdom Generally Accepted Accounting PraCtI￿1- The law appli¢able to Charities in England and Wales requires the Charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the applicable Charities SORP., make suitable judgemenls and estimates that are reasonable and prudent.. state whether applicable accounting standards and statements of have been followed subject to any material departures disclosed in prepare the financial statements on the going concern basi5 unless It presurne that this basis applias. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that Ihe financial statements comply with the Charities A(:t 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and iaking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial infomiation in accordance with legislation in the United Kingdom goveminq the preparation and dissemination of financial statements. 3. Basis of Preparation The accounts have been prepared under the historical cost convention with items recogni5ed at cost or transaclion value unless othenmise slated in the relevant note{s) lo these accounts. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared in accordance with the Statement of Recommended Practi¢e: Accounting and Reporting by Charities preparing their accounts in arLordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS102) issued on 16th July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Ihe Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102

1. Investments All investments are carried al their fair valLJe. Investments in equities and fixed interest securities are a11 Iraded in quoted PLJblic markels, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are 8t the bid price. The basis of fair value for quoted investments is equivalent to the market valLJe, using the bid price. Asset sales and purchases are recognised at the dale of trade at cost (that 15 their transaction value). The proportion of equilies lo fixed interest securities al the end of the year is much the same as the previous year. and the Trustees are happy with the balance between the asset classes al the end of the year.
2. Judgements and estimation uncertainty The preparation of the financial slatemenls requires management to make judgements, estimates and assumptions that affect the amount reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, Including expectations of future event5 that are believed lo be reasonable under the circumstances.
3. Financial instruments Financial liabilities and equity instrurnenls are classified according to the substance of the contractual arrangement entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising f rom impairment are recognised in the profit and loss account in other admillislrative expenses. Loans and borrowings are initially recognised at transaction price including transaclion costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at pr8sent value.
4. Creditors at 31.12.2025 Hunters Solicitors £4.732.80
5. Staff costs The average head count of employees during the year was O (2024.. Nil) No employee received employee benefits of more than £60,000 during the year12024'. Nill. This employee and key man8gement personnel figure does not include the Trustees appointed and in position during the year.
6. Trustee remuneration and expenses No remuneration or benefits were paid lo the Trustees of the Charity in the current or previous year other than travel expenses reimbused to John Vernor-miles and Jennifer Vernor-miles of £67.30 in 20251£180 in 2024) and trustee meeting expenses of £263.89 {2024= Nil}.
7. Independent Examination Fee The total amount payable for the independent examination of the Charity's accounts is £925 plus VAT12024.' £8751.