istered Chari rt of Trustees aDd Audited financial sta*ement ear ended 315t December 2024 For the The Secular Cle New Common Fund Ch&roty ommiss40n 12 AUG 2025 Received
Secular Clergy New Common Fund Auditor's report I hav¢ examined the Mccounting records and also the statement of financial activities and statem¢nt of the fLnancial position of the Secular Clergy New Common Fund (the charity) for the year ¢nded 31st Decemb¢r 2024. In my opinion the financial statement gives a true and fair view of the state of the Charity's affairs as at 3 1st December 2024 and of the operation of th¢ fund for the year then ended. Honorary AuditOT
Secular Cle istered Cbari The Trustees are: Monsignor Nicholas Rothon- Chief AdmiDlStrator Monsignor Kewin Hale Monsignor Jonathan Martin Canon Micha¢l O'Dea Canon John Cooke F&th¢r Graham Stoke5 The address of th¢ Charity is 25, Lawnside, Blackheath, London, SE3 9HR The fuftd was established in 1803 to provide financial assistance to aged, sick and infirm Catholio Clergy of what at the time was known as the London District and now compris¢s th¢ Catholic Dioceses of Westminster. sohwar Arundel and Brighton. Brentwood and Portsmouth. Membership of the fund is open to priests of the above Dioceses. The Truste¢s are el¢cted by members at a general meeting. They are known a5 the administrators of the fund and comprise a chief &dministrat(Trr and an administrator from ea¢h New Common Fund DO 217776 of the five Dioceses. The income of the fund comes from investment dividends and capital gains, from donations from member5 of the fund and froin legacies. The fund makes grants to retired priests and to sick priests who have special needs. At present the annual grant for retired priests is £700. Grants are made at the discretion of the administrators. The policy of the fund is to distribute all available income. In some years there is a shortfall between income and expenditure but in the long term this is cov¢r¢d by capital gains on the investment portfolio. The capital of the fund is invested in the Barclays Charity Fund. Ov¢r the years this fund has provided a good and secure level of income for many Charities. With the biirrent level of incomc the fund does not require a fomial audit and a report on the accounts has been prepared by a qualified independent examiner. Nicholas Rothon Trustee.
Secularclergy New Common Fund Statement ol financial position 31st Decembe¥ 2024 31.12.23 31.12.24 fixed assets Investments current assets debtors cash at bank 1223634 1268605 60662 23086 creditors 60662 23086 net current assets total assets less current liabilities 1284296 1291691 1284296 1291691 net assets 1284296 1291691 totaltunds 1284296 1291691 unrestricted funds
SecuiarClergyNewCommon Fund statement of financial activities forthe year endeo 31st December 2024 31.12.23 31.12.24 Incomefrom donations and legacies 8344 15229 36503 2800 47647 39348 investment income other income total 54577 Expenditure on raisingfunds charitable actlvities allowancesto members 84700 88550 3735 3603 other activities 88435 92153 total net gain on investments 65813 44971 25025 7395 net Income lexpenditurel reconciliatlon of funds 1259269 1284296 totalfunds brough foNard 1284296 1291691 total funds carried foar 25025 7395 as above