The Incorporatod Catholic Truth Society Annual R•port and Fln•nclal Stat•m•nts CK))57374 w*j￿￿￿o•) 218￿1 R•port# RefwEr￿e and athninistratrvo d￿415 R¢port ol the Iru$tee$ Independenl a￿￿1￿>￿5 wrt Fln•n¢i*l •tat•m•nts Slatement of ffinwKig1 16 17 Stsl•ment olcash 11ry4V8 18 Prfntspal •Dx+unting polkl•8 19 24 IrKfjrpor8ted Calholi¢ Trulh Soryety (The) Rof•r0nce and admlnlthtlve detall8 Tru•t•• M￿an1 boanl Rt Rthi. P HerKtrK*s IChakn)an) Rev. David Ell Mrs C A Gatgs Mrs K Nash {resiw•d 12 June 2023) DrWO'N Mr L Parsons QC Rfrt. Dr A Pinoent CEO. PL￿1•h￿ •nd Company S•¢r•tsry Mr Pwaob Finaldi R•ght•rnd offic• 4(￿ Harl6ylryd Road Vauxtsll SE11 &4Y Comp•ny r•ghtr•tlon nufflb•r 57374 (Englgnd And W•lb8) Ch¥lty r•gl•ty•tlon nwnb•r 218951 130 IAbc*J Strfj•t London EC2V 6DL Prfn¢lp•l b•nk•rn Th• Royal of ScYAland pk 24 Gro8v•Thx Ploc• SW1X 7HN Solkftorn Fox Wliams LLP, Sdl&lc 10 Finsbury Square London EC2A 1AF Inc4rpwated C&lolir Truth SocA* iThe) 1 R•port of th• tru•t•H 31 D￿¢Thber 2023 The tntste•s wesgnt ty￿1r rewt together with th• statements of The 1￿c￿POrated Catholc Twth Sod* (t￿ 'S￿. 'ChwW (Y 'CTS) ly the ye*r •Th1od 31 D￿ftknr 2023. The report ttas been wepargj in Kt¢yd•nc• with the charit￿ Act 2011 and con8titut•S 8 Th• fin•n¢i81 ststements have been In v£cordanc4 wilh Ihe 8c£ourfng Folicios on pages 19 10 23 of the attached financial stslomenlg coM￿Y wth the charitable (*ny•w'i M•nx)rnnthm Mk*•• of A•*)dakn, applicabl8 laws th• r•quiremenl8 of Ac£ounling aTrJ ReportiNJ ty Chantw.. Statement of Recornmended PraclKe Jpplicable to d￿rit￿S preparing thelr ￿lUnts in &xordance wth the FinancAal Reportry StaThJArd aW*obie In Iha Unlied KIr￿d0M and R•pU￿1¢ of Irolgnd IFRS 1021. Our ml••lon. •lm• •nd •¢tl¥lll•• Ourml8slon Th• Missv)n of lh• Scxxty Is lo ¢erry apos￿110 of Calhdt put418hlng and th6trfbulton kn th• b8￿rrt of ￿ Camlc 4NI wkler Chri8ti•n community, arvj ol a wid ol g￿er81 •nquif8rs. The M188k)n of th• Sotiety ts also to dissèminatè Calhollc publicaliem at r•gxinabl8 Frfice8. Thtr Swoty rece￿95 finandal Bpiritu81 iupport from the Call￿￿.¢ ￿mfflunty kn Ca￿ wcrfk. In Plxsurf of it8 charitable aims during 2022. th• Socioty 8cwht to devebp rts P￿￿￿t￿)nG. to dlstrlbule them wbdety and activdy to ts)ntr*yJte lo thq Irf¢ 01 the Church. Thè Scdety m9de efforts to care lor it& It￿Ure￿I, knchjding stsff. $upF4iern. ￿$toM￿r6 and supptyttrs. Ouroty•¢ttv * To 8pr•ad knfc¥mathJn about Catl￿11¢ trthh aThl lo make b•tter kncwn the f*th. FYa¢tke and aft￿ C•iiK* CIKKr*. • To 888ist the uneducated poor ar￿ others to a beiier kntr*l&Oge of Ihe Calhollc f￿￿￿On, ond Mth that object, and 9eneralty. to womote the cir¢ul8lh?n of ond lo dissernin8te bwks aThJ puNulon$ Imilc4ting and a¢hT•Mng Catholic truth 8nd t•xhirwJ. • To promote informal￿n M rgllgbJ, listowKAI •nd o)rkn•rsi•l subj•cts by nlerence, publ￿ and kNfiv8te meetings. leLluro$. d18cu$6lon8. corygspwd•nc• with bod￿) and iidbvidLwI8 u Ott￿￿Se. Incorp)ratod Cathdlc Tnjlh Soaety (The) 2 Ilotes to the fln•n¢l•l *tstMMnl• Yewto 31 o￿t￿ber2D23 mlulon, alm• and •ctivllles (Crjrrtwx￿) A¢dvth$ ondrnlevantpolkl•s These obleds are Ilwouth thè prwripal actility of thè Sw. vthich is th• wbl8hlro and disseminating of ¢Sxtrinal. scriptural and adl￿tI)nal woths. auL8th1g all CathcAic* to a bètter kThywledg8 of the￿ reh'gDn, Spreading amorysl non- C¥thollx Info￿ation abrojt Ihe faith, and assiststvj tir￿1￿110n of Catholic books and ¢)ther aud￿, a￿1￿) viwjal and d8(aronk madla. Each oftv￿ ac1fv1￿ hu the PTW￿pa of 8PfeadwvJ kr￿*￿0 of th• Chrf•tian f8th as Vthrydety aj ks wJs8lble wlthln tha United KKigdLYn. and in(YeasiThJly to oth•r EngliBh $pe8king Cx)n81i￿e1￿￿ as wel. Th8y s8N• tha practis#vJ Caihob'c (y)Jrrfnunlty, pari$htr8. familie8, ￿llege8 8choolB. as wel as the whJgT gro(y"ng8 of general wv4ulr6r8 of other apostolate and gak) Supp￿1￿$. fjn•bNng Ilw Sodety to c0ntlrrt￿ it• ¢hadt&Jl& work. In thv So*• obl•dtrM WMI •t*dl••. th• tru8t•es hav• gfven Publlshlng A total of 182.000 book$ and boc*kts were dl•trlbLrted ty th• Socw to pori8hes and NKlr4h1ual trade cu8tomrn Alike (an inue•se of 12.000 on 20221. CTS 188u•d 18 wtsYC4lio￿ in 2023.. eight A8 t￿￿k1th. two h)IMdia￿ format pu￿111￿1 the ftr81 IAogrgth ￿ tho Ukn• famlPy kn Erql•h •nd Iwnched it vAth pmminwl of the PollBh cornrnunlty at tht Brompton Oratory in Sopt8mbgf. Our bbgraphy of Carkn A¢utKs did very well and CTS conlrib¢Jted to ihg London. Our L•ntsn publkatknn8 thd very wdl. wlth 8 StathJn8 of th• CroJB In w*h the St VIn￿l de Poul s￿￿ety 8okl (wer 3.51Kl ojpies. All•r car￿1 r•8•arch t•cknr•l wwr*ion. CTS I￿￿h•d A frJrthtrr 15 Prfnt on Demand tlll•s thrrwh th8 LlglrtnnYJ S￿1¢¥ Pl•llom. Th& amcws us to keep important but Sk￿M(rI1rvj tllles In the thlthout tyin9 up valuable resour￿ In ¥kM moving 8twk. CTS corrtinued lo p¥oduce avrJo book8 and wepared 8 81udio space Al Ms V#uxh811 ots$ and laLwK*ed J new p(xJcast- Into the Tiulh- 4LYn• ofthe m¢xt innovthe and inlerestirffJ voKes. InC￿pOrated Cth01￿ Twth sC¢￿ty (Tr*1 3 Notes to the financi￿ itsl•mwts Yearto 31 De(￿be1 2023 AchkY•m•nts And {eMtiThJ8d) Staffkng lev¥ls have remained level durlng the year. Fundrntshy CTS rermved £165,056 (2022 - £798.6261 In vduntary I￿1￿8 induding several small 18gacie8. MicTrthlK)ns and top up donats'ons and the Advent Appeal were slightty drwn on 2022, anacd¢Aalty due to the finarnyal squeeze on our donor d•mograFthic with a tfAo101 £63,821 in 2023 (2022- £67.2201. Flmnclal r•port forth• y•af Tolal income lor th* y￿r amounted ¢0 £1.141.75212022- £1,721.9C61. Publishing 8818$ ing 2(r23 amounl•d lo £957,074 Q022 - £912.6481. Also included wllhln Incom& 8re ac4es re¢eN•bl• An￿￿￿ting to £101.235 {2022 - £731.408). Totsl Ir)com8 from donalK>n8 and for th• y•w w•• £16S.OSg12022- £798.626). Tc4¥l •xp•ThJilura amunt•d to £1.143,812 12022- £1.012,4111. The defKil lor the year. before actuarial movements on the defi￿d b8n¥fft pon8k•n stheme Ilabllty, wa8 £2.0 (2022 - 8 SLWF4us of £7CY3.495). Acau81ial k)$808 of £ll7,(￿l2022 - galn8 of £95,OCrf)) hvm b••n rwnl••J to w th• h) th• d•fin•d bonofft p8nsA at £nl. tF¥s cap. thtr o¥er81 for the yew was E119,(￿{2022- plus 01£804,495}. An Irrwtvl fMIw• Lrf th• Soci•Vs work thwttot>l• that in purnuwig its rnligK)us W'shlng. dhtribulknn and r¢tsiling it must Or￿99 directy In lrndlng ¥Ctfvllle8, which not inswJnrfK•nl ¢knn￿nts ol rlsk. The Swety use$ what Ir8ding arKI nofvhdkn9 k￿me * roe•ivèB to futhor N8 th*ritAL40 actith. been reieded by th• Hanning Department of Lambeth Coundl m&gnlrvJ that vacont POB￿$￿￿ will t• required until at kn61 Qu?rt•r 2 of 2025. CTS will look to relocate gDod lime +Jrkn in ￿ to rotwn to the t￿thn9 •1 Si knn•'• h8• been corrpknt•d. Folk￿ng the year e￿j aTrJ a$ • r¢suh of th• delays Idlowing the rel￿1 of k48nning perml86Th. the Tru¥ieès d•cidod in th8ir April t>oard meellng lo reduce the ￿￿￿d￿l￿d fijnds for the Telo(xtNin to trll. As 8131 Dewnber 2023. Ihe fund remained #1 £75.Crt)012022- £75.Cml. pursue vworousty ts charitable obiecbve of wW4shiThJ and distributing gc*)J Catholic Te$oL*￿ on the hand. and the need to maintain some kind of provision against mislortune. on the olhef. The trustees are of the opiniL)n thal the size of such exp8rYJture. lTh>yp)r8ted Cgtholic Truth Sow (The) 4 Note• to the financial 8tat•ments Yew to 31 December 2023 The bAlarm sheèt totsl fiwKl8 d £1,403.56212022-£1,$22.6221. mtri¢Aed to SpeLi￿ Ixrpose8 #MOWrt￿ to £10.714 (2022- £11.139). Fund• totslllrwj £75.LW 12(r22 - £75.(Krf)I have b8èn desFJn*•d. or set a8lde, by th• iN8t8e8 for spedfK pwp)8eb. Those pl￿ and an anatry$ts of fv nmwern￿ls on Ih8 are set (xh In rKle 14 to Ihe ffinancial statemerts. As r)Dt¢d •bm, the hgvo mwje Ihe d8rAsknn to relea8e the8e furvts fl￿&￿1￿9 Ihe year dot•. G￿1$1 fuTrJ$ ol the Charlty èt 31 Docember 2023 ￿re £1.317.84812022- £1.438.4831. 01158t agaknst general fiJndB IB a pan81￿ f08er¥8 of £nil12022 - £niD. At 31 Decemb8f 2023 Ih Chw*y h•d YTW r•••ms' of £1,305,895 12022 - £1.419,8951 belng thg urresliicted general lurKts after the net tx*)k v8k* of tsnglua a88ets 1.0. £11,9S312￿22- £16,588). Iru$l••s ar• th8 need for upfr(￿1 inve6tmenl for tha Rèvis￿ Le(*ionary prolect in 2023 awKI ￿rI4 (Me futsn p￿n8 below}. The t￿￿91¥d fr•tr re8erves at 31 D•c•rnl)•T 2022, rtwlling FM(¥pafy from Ihe 2022 legaq Inc¢mo, wlll BU inv•stm¢nt wthtyJt IM n•ed to ctI￿n short le￿ finance from Ihlrd pwUe8. Tharafore, the r#Jt ox￿•r¥I. Th• trusto88 r•makn v&lanL e4)8dalty durirvJ the ¢wr•nl perfod of hhJh atkn, managlng cash Ihx, re8er¥eB arKI e>￿￿n￿0 on prfnt •nd clhw cap￿1 wl8cIs lo m￿'gate Ihe impact ofthe red￿￿￿ kn orders. Pl•M for th• firtw• Blshop8 C￿ferenc¢ of Effjknd ind Wal•$ and of ScyJtLgnd offidolty amouncod Ih 8ppokntmenl of CTS 08 of the Revl8ed Lecllonary in earty 2021 and woth ha# begun In •orr•* proJe¢l with a fim ¢tynpktkn d•te of Advent 2024. Thrs ￿ an e¥•n larger than th• 2011 M[$$￿ and 1$ •i •xobno ¢hallTh for tho Sm and it8 81811. Tru• 1$ invdving CTS in con¥bJ8rnble wepgraf¢xy work and inv•8tmerrt of lime in 2023r24, btst PYO8ents a groat opp￿iftty to provid¢ $onifunt volumes of hlgh qualty nth¥ put41catlon8 to tha Cathok communty kn England 8nd Wale8 ScollaTra. The h88 be¢n nKessory to run rd81gd till¢8 until Ihe n8w l•xl 16 avaijable. CTS wlll be In¥0￿d In the effort lo prepare Parhhes to waknme new text Indudlng ihe trainThJ of Lectcn and reader8 and wlll ￿ worklng wlth ￿ relevant deparbngnts of CTS continue to eXp8￿j its the autho and wll btr rxodudng mc mullimedla oxjntent In the f(4m of almed at thè tho9• wishirwd lo deepen th￿r Faith and thoBe at the beginwvj ol C8lholK Tnrth Socioty (The) S Not•s to the financi*l 8tattm•nts Ye8r to 31 D&xnber 2023 Ooveman¢• The company. T*N¢h is lynit￿l by guaf8nte• {Ctynp•ty RagistraliL￿ No. C#J057374 (EngL￿d and Wae8)}, bs reptered for c*wilable wilh the Chathy c¢)Mn￿￿1O￿ (Chty Reg￿tralK)n No. 2189511. The trustses ￿ th8 theLtors ofthe Socyety for th• PLwptsses ofcompany I￿. The Tnmtstt manag￿ent cunenty made up of th• Chainn and six mamb8r$ meets quwlerty to reV￿W the actr41ti8s of the S￿. fv meelings are also atteThJed the CEO •nd Pubtishgr. Th¢ trustees revivw up to d81• management accounts and siness plan8. They r¢gulorPy r￿￿1Ve a managem8rrt re￿ from tha CEO and Pubh'shor pmgTU• olth• Sodoty8 plrKlp•ty publ8hlng. d￿￿oTr arrtl fundraising. Prw666 Is monltortoj again81 an arn￿￿ plan ￿ntainIng key oty"ectNes, and t¥gots. Th• InJ8*0s p•lodc* *alTo¥J, trNlnlng, th• rf•k register. pension kYovblon$ 8rrfl Ikqt4lities. as I￿11 88 nw.or stratg9ic pr4eds requlrfng SIgn￿an1 bnvostrnBrt ty othwwis• ￿ntral to thè 8pts8tolat•. A sut￿c(￿Nn￿le8 rnvltrws S?￿ry protwts made by th• CEO and Publish8r •8ch y•ar. Th• l• In*xm•d ty th• SoddY• Salary rev4•w [>￿ieY. perfomignc? managoment pfocess c4>nparthè data from the voknnlory and prfv8le $e¢¢or&. Egth trustet hm for ffwilulng th• ChwV• *¢*w￿ In ip8dnc aThl th• skills MLY ol the merntrm 18 regulady lo ensure that the Iw$1￿$ hgvo all th• necessary 8killB and expwknKe rfjqulrgd to 8lVWt thts manag￿8nt t•am arrtl th• Ngw t￿￿e6 ¥• ¥p￿In1&￿ ty tha exr4lng trusl•e• •ft•r a I￿1 reuuitmenl prouu. 8Upp￿Mented by ecffj8ultalkn wrth tt￿r adv￿r6 arKJ the cathol￿ commLmlty. Theroaftor, Candidaie is invited to •tt*nd ￿ lo t*0 InLitè•#' meetuigg 10 ggln knowledg• of th• Iru8t••s may confinn the 8ppolrrtm•nt, wPich is inrtialPy for a tem of three years. MemtrM8 may be reappollited for further lemis. Tru$ta88 brfng their own e4nsid•rob4¥ prof¢$$ional expeiienee ar￿ relevant $kfill s•t$ for the bentsfft of the Swety. Infomiatk)n on tru8teg resp￿sibIl￿10$. made a¥aiL8tye kn •xampl• by the Charfty CofflmbBskn, d￿￿91•d Irom tlm to knmo to tho Ituslees. Th• lolowrvJ truths werè wi off•x tho y•ar end￿ 31 December 2023.. Rt R•v. Paul HoThYrt*o lchokmonl R•v. D•vhl EIFAtt Mr8 C4rnAnn Gats Mrs Kate N88h 12 2023 Mr Luke Paw5 QC Rev. DrAThYrew Ptroert Irv)ypor8led cathol￿ Tnrth Sc¢th 6 N¢)tr• to th• flmndal 8tat¢m•nts YeArto 31 D￿*Mber 2023 Govwn•n¢¢ (wthiiu8dJ The follwr¥J tru8tees ￿re kn ¢th dwtry the yeor gnded 31 DeKern￿r 2023.. Mr Pie No tn￿te8 received •ny romunw8kn In resrrtt of their 8ofvic88 as a trustse dwlng th8 y•ar12022- £nif). On• trust•e ffj¢er¥ed ￿lME￿￿eMent of ould-pockel expense8 of £23 12022 - £nif). On• truJte• re¢eNed oYJmn¥Beicm 01 £1.290 {2022 - £964) in re8p8ct of l•$ ol books th• ye•r writlen for CTS prkx fo hos b￿ornIng a Iru•lee. No trustw h•d any cthw l)•Mf¢W hrtW•8t with th• Charfty durtng the Y￿r. bwr•rtMc•l d•t•il8 ol •ath d the T*lw i•rv•d th• y6Ar we glv•n Rt R•¥. hul H•ndrf¢k• (Chjlnnanl. MA (Oxon). PhL Is a Romw Cthol* 8i8hop, fom)8r Semlnary 8urn8r. fom)8r Parf8tt Prl88t q¢Vfnl y••rB' exp0th￿ of ov•r8•thNd ￿rish finances. R•v. Davld Elllott o o priMt of the Ordin•riat• of Our Laty of Wal$kngham. Prlè41 for th• Readiig Ordin8riat• Mi88lon 8nd th• H*•J of Thec4oJy at Th8 Oratory scr￿￿. Cirrkn Ann G•t•• ffreo8urer), IJ a fingnc• manwer 8pec48lL81ry in insurance aets)unling h ThArby yur•' •Xp•rfa￿ kn and mry6m•nt rAx*roh, plAnnkng and reFAvlin9. 18 very In a I￿1 Cafvk padth arKJ an enlhwl•8lK memb8r of G￿gl￿￿n9 a$ • mu#1.￿￿10r•l leodor 4thfl•or. DrMll•n IYItsII was •duthd in Month￿er LrAighLy>rough. He i• 8 9rnduate of a nwnber of Univ•f8itse8 and has a PhD in Sofv•r• Engneerfng. He ha6 workod f¢x lorgo 1mllinatm￿•Is, pubfic arbj charity Sectors l&•Jing IT 8nd bu6lne88 chang• pr¢grammes, mo8t recenty #s Chl8f Techrnbjqy ol￿r fr)rth• Natwl Childtirth Tru81. L4th• P•r•on• KC its i b￿lSter wxaaliwrvJ in Convn•rdg1 L¥w. R•v. Andr•w Pln••nt Is a Reaearth Fefow of Harris M8nchg$tsr College. Rg8ear Dlreclor of Ihe lan Ranw Contre fvr Sae￿8 and Relyion al Oxford Unlvernity. A sopher. It*obOan. yiest. lomw buW'ne5sM￿ and fr)m•r high eneTrJy physS¢i$l al CERN, he h a c¢rrtrilxrtor the meth* and his w(¥k in sthool$ to P￿1￿ 8ngag•m•nt 7A4th $c*r￿. fatth and Ihe b•3 que8ttonB of Ile. The ChwW• trustees (who are a180 ¢**Xor8 fty the purpos•s of ￿m￿nY lawl Is respr￿Ible for prepo1irvJ th¢ onnugl r¢F*)l ¥rnl fin•ncd 8tatom•nts in accordanc￿ vAth awjlcable Lg* United AcJxwntiNJ StandaTd8 (Unw th9d￿l Gerwally C*hdic Tnrth Sotyety (The) 7 NolB¥ to th• fina￿1•1 statrments Year to 31 D￿rnber 2023 Gov•rn•nGe. •tru￿rn *nd man•g•m•Trt {conlinued} Trust••s' rv8ponslbllld•s st•t•m•nt (l￿ntinu￿6) Company requir•$ the truste8S to prepare financaal statements fcff each financwl year which gNe a tru• and tsir of the state of aff8ir8 of Ihtr Charity and of the ￿coMe aThJ eXp￿d￿ture of the Charity frxthat period. In w8pari1￿ ib￿• ffinATr2al Slaton￿ts. the IWSte￿ ¥r• to.. • * wjitabkn 8¢¥*unllrwJ pothdes and Ihen apply ￿*1StanI1y. • observe the and prwwlo6 In Accrthlkng wvj Report¥￿ by Charitie8.' Statement of R¢oJrrmended Pr￿1￿¢ appl*•lYe to thariti•8 prewrvJ the arLounts accordart• wllh th& Flnanual StarbJ•rd ar¢4i¢abb9 In Ihg Vnlled Klngdom arKI Rep￿liC of Ire￿ IFRS102)'. • make I￿Jg¥mants ar￿ estNn*8 that we rea8onoble •r*d ￿￿ent. • 8tat• wh•ttrw app1￿kn United Ac£¢unting StsndardF have been followed, 8ubJ•c4 to ￿Y mtsi&l depwture8 dlKknMd •xplaI￿d in tha fin￿¢781 s1al•tr￿￿., • p￿pare the financ481 statements th• 90ing conc¢m bosh uth8B11 IJ In4pprow•te lo prewm? that th• Ctrwty wiu co￿￿1￿ in operation. Th• trust898 are reBponBibkn kfjeping wopw acc4Junting rocords that thsdose roa8onabl¢ a¢¢urncy 8t any lThe finartlal po8llbn of Ihe Charity and enable them lo •ntsur¢ that th8 finarKial stateme￿ with the Companies Act 2006. They are al40 re8pM8lbK• for gafeguarding the of the Chadty 8rMI hence for taking ro￿nab Ilep• for the prnvention and dol•Ct¥)n of fraLwJ 8nd othw irregulwilitis. E•c* of th* trusloe$ cuffirms that: • 80 fgr 85 Ihey we aware. thw• k% no reknnt audit infom•tiM of which th• Ch•rW• •LAlltor Is unawarè: and • The Iwslee ha¥ •1 tho 8teps ttwt hetsho ought lo hov& lakan as 8 trustee In order to make himselflhersell gware ol any relpvant ¥LhJit informalion to •8tablish thgt the ClwW# •AKor h wrnr• olth•t infNmatlon. ThL8 confirmaliw 1$ gN•n oTh18hrAAd be In acc￿rdance wilh the proviBion6 of s418 of the Compan*$ 2rx6. The INslees are ￿Spon&t1* the rnaintenance ¥nd Integrity of the corporate and fMan0￿ inf0m￿tiOn iTrSL*J8d on Ihe ChwW¥ w¥bsite. L&JislatThi in the United ￿ngdoM 4erniTra the ry•paralKJn and d￿seM￿la￿￿ of lon￿￿￿1 slAtements may differ from giskllon in ot￿r￿n$d1¢litirn. InCwF￿￿ed CathoP£ TrLrth Soa•ty ffh•) 8 Plots• to th• fin*Ki•l 81thm¢￿ Yew lo 31 D•c•nbw 2023 Ll•blllty oliim m•mlxrs liabilty of the memters is I￿rAted by uiw8nl•e. In Ihe event ol company ￿n9 wowKI up during the offf*mbwshry) or withii tho yèar fthng. are each uked to rx¥rtribth ￿ amcwnt r#)t •x¢4eding £1. 0￿￿1￿*110￿*1¥i￿C￿r• The CEO and Pub￿sher ha8 re8pcfflsibilty knr th• (*-ttrday MAn•gWr￿n1 of tho S•'s tAx**888 to the twste¢s fryM￿ty 8wry qL•rter. K•ym•n•Bwn•ntp•rnonn had to th• skils mtg to ensure that the tru•l¢w •ll tho nece88ary $kllls rnqulred to Tho k•y m•nagem•rt of the S•, rewnsthi for direc*ing And controlling, nnin9 arKI op•ralty thtr Charrty on * day-tr*day bo91s. c&)mpriBe the tru$loes lo9￿h•1 7*fth the CEO and Publ*h•f. Th• Trust•￿ do nat recefve T•mun•ratp)n for their 8eNIco8 The tru8tw8 •ae ￿ r•nwnwatwx ol ¥nd det•min• any ￿nUall•1¥Y •waTd8 for tho CEO aThl P￿I￿or. Rofvr•nc• li m•J• lo r•mun8rntlDn for 8knllar ml•i in the chgrity r¥8t• so¢lw. th• bMI of respM8bil￿.¢S #nd $kdl8 att•chlng lo IhD rde. and the role Itse￿ In reLgtlon to otlw simdar and dfftornnt roth within the LYg8nkntion. Regard may also be h￿1 to the •nnual ￿b perlorn￿r￿0 revieAf and to partl¢ular stand8rd$, expectstions and outern for ￿ rde. Fkn81ty, the ov•rnU fin•nci•l performance of I Soc*ty is Also ctysldwed in ••ltsrpJ r•muneralknn. Employ•• The Incorporatod C*hdk Truth So(i•ty 8trr¥e8 to be an equ81 oFwtunities •mpbyer and uiterlo to assess Mor￿ 11 •im$ lo ensure that Th) lob applKanl or efflpbyee ro¢olvfjs 1988 favourable treatrrnnl on the ground8 of 8ge. race. Mk>ur, nationalty. religion. •thnk or n8tkrtl origm, gender. mali1￿ stslus. lexud oriantation or disabilty. Seleclion and woceduN 8Te re¥￿0d to en8ur6 thal indlvk1ua18 are setected. womclod 4nd treated on the ￿S16 of their ￿￿vant merns arml abilitk?s. AJI emptoyees ar¢ gNen equ￿ opwtunty and. where appropriote specaal Ir•ining lo enable them lo wogrè5S With￿ and ￿ls￿le the organith. The lrK0rp￿d C8lholK Truth &xlety 18 tt)mmitted to a F￿ra￿rne of action to make thi$ p)Icy effe￿￿ aTrJ brFThJs h to th¥ attenlion of #ll employffis. IwKaYPJfBted Cathok Truth Sodgty O Note8 to the flMn¢l•l statements Year to 31 Decerter2tr23 Gov•manc•. ¥tNcturv •nd mawenwnt (Contin￿￿) VoluntOWS Over volunteern mwage CTS p8rish in porish85 and other local￿S up aThJ dcwn the Country, introduon9 enquwers 8nd pw68hioners to matsrial to SUPF*Jt and nwiure the¥ faith. 11 Is Imposslbl• lo q￿ntIty Ihe value and th8 full impaci of this 8upporL not onty in par18￿ Ixrt o1$0 in sthcds. A INdy and athe pwl$h trM)okr* can becy)rr unlque SUPFrfyI lo pwtsh pii•sts a￿1 p￿toral workers in their outreach programs. We are atrways grateful lo that wno11 nufflber of volunieets hdp us on an ad hoc bask8 at vari￿3 time8 ￿ the yew at off￿$ or warehouse on 8mBII but imFutsnt projects and support. RI￿ man•g•m•nt Th* trustees o)ntlnue to the risks to Cfi8r6ty 18 •xpos8d. in parttular thw f8L•lirvJ to th• yuf¢ opwatthol and ffinanC￿. H•ad offlc• relor4tlon - The 1rust￿5 and the CEO aré Publ￿b￿ wlll work wrth Sl Annds S•tUeTh￿. so￿￿ l•rKllwd. Hll Gon•￿1, th• S•tll•m•rf• dwelOw￿l1 partnor. lo • smttlh ar#1 cosl efficiort tthmporary rthcatjon. Co•t rl•M and •upply ¢hln woblwn• havè r•0￿4 and p•pw prie48 hwe Str￿1.8•d. Ixrt ttms remah8 8 rf8k In the ￿rrent volatil• •¢￿)￿￿ cNmale. CTS wlll ¢ortinu8 lo searth vJmpthr4• wint so￿tiOnS di¥er*fy Into nOn.P￿t•d booka. hos the to be 8 rtsk to the rf rywsiakes ¥re made wtth Iha publication or quality iMu¢s 8re id•ntsffi•d wth the book8. CTS wlll be carefully monitoriThJ deslgn p￿d prIMluct￿n to avopj any synfftant Ind wll b• uslng only high44uallty mat•ri#l# and IN•ted [￿lu￿￿xI. Tho trustees believ¢ that by re5wve thls, ty er*uflng controls exi61 ovor key financi￿ systsm8 and that **fi8re necess8ry Ilw •￿ 8dap¢ed or strnnglhened. and by examlnirg the cperat￿n01 8nd business ri6ks fac￿ by th¥ Charty. they have establish8d •ffectNe sysiem$ to nNlvJale Ihog• iisks. Signed ￿ behalf of the trusl•es'. Cawrie Ann G¥t•s Tw$te8 CatrK4K Truth se￿ ffhe) 10 (Th• Oplnio Vk have audrled the fina￿adI statement8 of Incorporatsd Calhfylc TrLrth So¢aèty ffhel {the 'dwit•Lle comprfj for ihe year erthd 31 December 2023 whkh comprf88 the 6tatem8nl of 1kn8ncial a¢¢Nit￿, the b•lart8 81)erf 8tatoment of ¢o$h flow8. the prinupal 1until￿ ar¥J tho noles kn the finw*l•l ststement8. Th• flnoncial rewtin9 framv*ork that has t*on appliod in Iheir weparal*)n is ap￿iCabl& and Unhed Kkngdom ACC￿1￿ Skndard8. Indudng Rop¢xthw sI￿d￿d 102 Th? FnllnaAI R•port¥ Standard applicable in Ihe UK aTrJ Republ￿ of Irdllnrf (United Kir￿M G8nerally Acceptgd A¢xoUnItr￿ PraLaiL¥I. wtth Ch8Fler 3 of Part 18 01 the Coryankns Ad 2(K6. OUT aLMIIt work h•$ b8en undertaken 80 that we mlght 81at8 10 the thwltabl• cofflpany'8 ffloffthrs tho8e mattern we are requlred to jtate to thom in an audltofs rep￿ and fly otsr purp¢>w. To th? fiJlle8t extent pefrrytted by I￿, we do or assurne reSp￿SibI1ty to anyone other than th• charitable company aThl the d￿lt￿6 company'8 members 89 a body, lor our audit wwk. for this rn￿rt, ￿fOr the otinh)ns we have frJmw•J. In tyJr opini¢￿, the rM•￿J￿l •t*erMrrt¥.' • tsN• qnd fAk vlmv ol th• •t*• (rf th• L*wttabl• c%rfnp•nV• aff￿rn •• •t 31 De(￿ber 2023 and of its and expenditure for tho yo¥ Ih•n •nd•d,' h￿* baen pffjperty wepw•d tn •ccfAd•r¥￿ Unlted KI￿dtrfn G•nfjrnNy A¢￿pIed Ar￿[￿lIng l>wbce.' and hav• kry•r•d kn •c¢¢*dm wllh fv rnqulremants of th• Crynpanle$ Ad 8•th for oplnlon We condwted our a￿lIt In ar￿[dance wlth Intemathjnal Standwds C￿ Auditiry (UK) IISAS (UK) arHI applcable Liw. Our res[*￿S￿lI￿leS under th088 siandath ar• fr￿her d6Bcdl)ed In th? ￿0￿1 for the awjrt ofthe fnarKa81 Blatem•nls 88db)n ofour report. W• ind•pwthnt ofthe ¢haritabkn in ￿)r￿arKe wrfh the othKal rnquir•ments thal Telov•rt to our •udit d the •t•tom￿ in th• UK InC￿rt tho FRC'• Ethbcal S￿dard. and V+* have fuhIl￿d our other eth**l Tesports*ilitI￿ ift accordance with th88 requrynerts. Vle belwe that the audit v4xlen¢¢ have oblain•d is suffid8nt and approyi8t• to ¥ ba8ii fOr0w￿¥nfjrM. ConcI￿lan3 rnlatlng to ￿Ing eerK•m In fjudlng the fr•n(W *•lwn•nty w? Iwe Ihol tho tr￿. u•0 of th• grino corK•rn ba￿ 0facc4xml1￿ kn the prepaT8iK)n of the statements 18 approprlgte. In(xYWed Cathdic Tnth S￿￿ety trh8) 11 knd•p•nd•nt *uthtof• rnport 31 D￿ernber 2023 Condu8lM• rel•tlng lo golng con¢•m {corrfinued) Based on the wor* have pwfom*d, * haw not *JentiW any material un¢ertaSnl*8 rel8ling to evgnts or coThJit￿s that. indNKlually or coI8dively. may ¢x81 signfficanl d¢)ubt on the ¢Ji*W• to continue 85 a qolng tr)n￿ tr 8 pwiod of at l&•$l l**Tr¥e from W￿rt tho finafK*al statements are authowd for issu8. Our and the mpMsib*ts•s of tha directorn with r•SFrtt to gothig concem Oth•r Inforniatlon Tha trustees are re8Fm#l)le lor the Lts infom￿¢￿. The other inforniatK)n comprises the )lom)8t￿)n included in the Annual RoF4)rt aThJ FlnanLyal Stalements, oth* Ihan tha finandal )t Ihe other In1￿m￿t￿2ft and, 8xcept lo the extwrt oth¢￿s& •xpl￿rtty stat•J in our port. do rwjl expf•JS any ftym of 88swance thmn. In c0nn8ctK￿ ow a￿lit of the fth8￿Cial 8tatem8nts. (xff rnwslbllty 18 to re￿1 Ihe other Informallon and, in doing 80. C(￿￿￿6T whether Ihtr oth8r inforn81ion 18 Mate￿91￿ Incon8t8lent WTth the fIna￿l01 ststem￿t6 or our k￿￿edg1 L*tslned kn the audit or 01￿1$e appears lo ￿ rn01¢ri￿￿ misstst8d. Ilwe Identty motefkgl Ir￿n￿st&n(j8S or •pparent material mts6t8teftwnl$. ofo requ¥ed to d•lwmin• vthether there is a materi81 miistatewwl In the Iln8no•l sts1•M￿*S or a maierlal mI881•l•m•nt ofthe ott￿r information. If, bawd on the work we ha¥• wlorm8d, ￿ Co￿￿ude th•t thef• W5 & mole￿1 mls6tal￿8nI of this oth8r lrrfoffi￿t1ffi. wt •r* raquired to rewi that fact. Oplnlon• on ¢)th•r m•tt•rn wmcrfbed ty th• Comp•nl•• Act 21)06 In our OF4'nion. b88ed on the *LYk undwtsken in tr* couw of the O￿jrt.' the inlom1alic￿ gI￿n in th• tnAt•M' rwL ¥thlth i• 11￿ tho d*•A#orn' rnptyl ts tho purw$ of ¢(Mmpony law. for the fmano81 y•ar for ￿lch thè finandal $t4lements are prnp8r•d Is *iih tho f#)arKial 8tslemfjnt8: and th• tru•lw•' r•pNt, l* ql•o th• dhdm. r•yl tr the wpo•e4 of c4mpany law. h88 prep8r*J i) a¢c¢rdanca wllh aFplkabbB *¥1 r•quir•trnnls. Matt•rn on ¥rn r•qulr•d to rnport by •￿￿Pu￿n In Ihe Ib3M ol the kn(MWe and under6tsnthNJ ol the thgrttabb company and tts •nvKonmenl Obta￿ed in thè cours8 of the autht. we have not Identif￿ material mis8tstements in Ihfr tru•l•fj•' r•ixYt. have nothiro to report In respec# of the following mattars ￿ Telation to which the compan￿ Act 21XJ6 rewlres us to report to you if. in our 0FXn￿". ]uat& 8cCO￿￿Tr￿ reruds have IMA been kgpt. or re￿rn$ adequate for our •udit have not ￿CeIved from ncé visrted by us: or Cath￿Ic Twlh Souety (The) 12 on *thlch ¥rn arn rnqulr•d to by excep￿On ((>)nJnL￿) Iho fin￿￿81 8tatwnwts aro not In agre8mgnt wlth tho acC¢￿nting reojrds rt8in , thos• that relat8 to d8ts yot•d6on (Genwol Data Protection R¢guI￿on) gnd Ihose in relatKJn to copyright, specffjrAIty the Copyright. Designs and Paients A¢i 1988. 0$ amended by the Copyright and Related Rlghts Regulgtwts 2(M)3. mis61atemenl, induding obta.ning an ur¥Jers*andr4J of fr8ud MKJM occur, ty.. making •nqults8 of mgn8gem8nt as to krn*l•dgo of adual. W$[￿ted and aleged hud,. n8hl•ring I￿ internal controlB kn ptace to mib9al• riiks of fraud aThJ n￿<0MplIanC4 wlth Im and rtyuLqiic¥w. To addre8• th• risk offr8ud thrcwh Manage￿ bkq$ •nd ovellid8 ofcorrtfolB Wts.. perf￿rned *iilyUcal r￿0￿dY￿S to unusual or unexpeded rdatbn8hlp8', aThJ tested JOWr￿ •rtri•¥ lo urwugl trans9￿0￿,. and as6es8¢d ￿el￿r Ihe judgements and the assumplloM mad8 in detemiining aco)unting ￿tiM81•S lor lh8 probthllty of Tecev ol log8¢￿$. th& provlsk)n for sk)w moving stttk and the 8duarig1 valuation tsl Ihe benefft p8n¥lon 8cheme ligts11ty re fvKIhxt￿ of potantial bwB. In reS￿)n5? lo th• rtyk of irT•gukqrlO98 and Th)n&compli8n¢e wmh 1*448 and r89ulation8, I de8wJned woc•dwe8 whlth kK4ud•d. but r￿t linitod lo: r••ding ts minules of ofthose charged wilh ￿vern￿,. ¢N4umn9 of man*Jament •# to •th•l •nd p￿￿￿1 lit￿jaIl0n daimi. Ther¢ aro knherenl ￿MIl31￿)nts audit wc¢edure6 des¢ibed al>￿*. The mor¢ rwnoved that l*ws arml reguL91￿nS are fr￿ flngncHI tran6adion8, the ￿8$ likely it 1$ 1hal we wc4Jld b8com8 •44are of non-co￿181￿￿. Audilry St￿dardS also limit Ihe ?￿j11 proc•dure¥ reqL*ired to identify nM-coM￿l3rKfj with laws and re9￿8t￿)n$ to ènquiry of trust09S ond other rnanagemenl the inspactb)n of wulatory and legal c¢rYe8pond¢rtt, il any. Materk4 Misstate￿*nts that ¥is6 du& to tra￿￿ can be harder to delecl than Ihose th81 ￿lse from error as they m8y involve dellt*rate corKealrnenl or ¢ollusTron. InC￿Py0t9d C8tholK Truth Sxw (Tho) 14 A furlher descrylM)n of (YJ re$kK￿$biltsS for ts a￿1 of ts fmandal statements 1$ located th8 Flnandgl web￿￿ at .Thi$ Lkn• of th1• r•port Thi8 rewt ts made sc*ly to the th•liabl• trust88s. as a trthly, in accordanc• with ChaOw 3 of Part 16 of tho Comp•nio¥ kt 21x6. Our haB been undertakan 80 that wa Stat• to the ¢h8ritalk cunpwrfl trustfjgs matter8 thal wo are r•(pw•d to #•t• to •A*(<• W and for no other purpow. To tr•fv1•8t Oxt• permmtod by W, wo do not accept or 88sume re8pc￿•ibI1ttY to anyone other than the ¢hwWe and th• c(xnpffiY• members as a È¢dy. for audit work, or thp Inlons t** fcffi￿d. Fly 8nd on b•h•if ol 8uzz8catt LLP. statth￿ Aud*J EC2V eDL Date: 27 June 2024 Ir• cathol￿ Tnth So3ety ffhel 1$ statement of financi•l *ctlvllle• (Irnl￿1lr0j and lTh))m and eXp￿rt￿ti aetount) Ye8r to 31 Decemtr4r 2023 fvnd 2022 IrKcffl•lr4yn'. 161n6 1lfj2Z 16S,OJe 19.$ 793.591 10,632 79e.¥ 10.832 907.074 #57.074 1,141.752 912,648 1.718.871 912,648 1.n1,9X Tot•1 irteAh• IZ70 5.035 ExpMthtur•M'. R$1&￿ fundb ri1ob* a(*vits5 . PUtrA1¢x￿ arwj 1.517 8,517 1.130.791 1.143,012 9>5,941 1.fJ)2.456 T**•1 •¥p•ndllurn 1012.411 N•t l•Jtp•mdknr•l Inci¥ 714.413 14,9181 709.495 1119.0101 809.413 14,9181 804,495 lI•GgnllI￿tk￿ ollundB.' Tctsl fuTrJi W#*lrnd •1 1 Jgnuwy 2023 .vw 31 D￿nbIr2￿￿6 14714 1.511.483 11.1>a 1.522.622 T￿re w•r• no recognmed goins And loM•$ 0th8r Ihw tho•e sel out in the statem￿¢ of Ilngndal a¢*vltl• In¢wrated Cathdic Truth S• (Thè) 16 B¥lanc• 31 D￿ember 2023 2023 21Y22 Tangble 16,588 10 11 230.074 259 1.078.7TT 1.574397 240, 426,552 997.750 1,e83,S88 Cath at b￿￿( ￿ h) Wthn￿y 181188 157,534 1,SC6,034 p•Mlon Il•blMty It•bthty Tot•1 n•t inclw* prnlon Il•tylKy 1,403.562 1,522.622 17 1,522,822 TP• ol th• Cl 13 10,714 11.139 14 76,1 75,r G•n•ral fuTh18 1.)17 1,438,483 17 1,317 1.438.483 1,522,822 arKI $ign•d ￿ their bah*if by: Carrie Gat08 9+ 9D24 IIKc¥pKYaled Catholk Tnjth Soci8ty (Thè) Registralic￿ Numtr*r. C￿57374 (ErK4laThl Wal98) Ir￿ed Caholk Truth SOW ￿he) 17 statement ol flow8 Yew lo 31 2023 2022 Net wovpjed by owratry a(*"Tr&ii*8 65,842 237, Interest rorA*￿) Purchuo of1grytJ* trAgd a$￿ty P4•t u•h provld8d ty Iw•J h)) 19,622 4,268 10.832 12,833 2.CK)1 In c••h •nd •9￿•1*￿• In tr• y••r 81,196 235,303 C••h and ca•h•qyfval•rrt• ao 1 J#￿ry 2023 997,881 782,278 Iv4l•rrt• •131 D•¢wnl￿ 2023 1.078.777 997.581 Ilots• to th• •tat•m•Trt of ￿•h flo￿ for th• y•ar to 31 D•¢•mb•r 2023. A R•concSll•tlon of n•t mov•m•nl In fund• to n•t c•¥h wovld•d by oprntlnq activltl 202J 2022 N•¢ mov•m•nt kn fuKls lu p•r th• •t**rt ofllMn¢W •CllvAIMI 1119,010} AdI￿tr￿nts lor. C*preda1h)n thirye uort91 kw• IgaiM} on p￿I￿n P•ns*)n ctrft *•$ Ctyrtn￿w)nS payab P•1￿￿)n fmarKe Intsml rec¢iv•bl• 804.495 12,047 117,000 19S,OfyJI 1101.CWI 1104,CKJOI 118.0001 3,OfyJ 119,6221 110,6321 4.192 167,9541 1304.7831 131 237.304 D•crew Ilncreasel in d•i*Orn Incrnas• in cr•drtorn N•t u•h Idod 28.32) 86.842 An•ly•l• of ¢￿Th9•• In ¢••h and cmh •qulv•l•nts At31 Janullry 2023 IlThvs 2023 Calh #l bw)k and in h•r*J Bank kwerdr8ftf￿llfy .79) 81.027 1,078.7n 997.583 81.196 I,on,777 No 30￿r8t¢ re0)￿l￿￿)fi ol not ¢Jobt h88 1)8on prepsred as there i¥ ho drfl8r¥nc• bèts¥••n Ihe n•t Cash Idom) of the dwrlty and ts Above cash and cash equivalents. Inc(¥Frfx*d CatholK Truth Soriety (The) 18 PrIncI￿1 le￿Unting poli¢iM 31 DK*mber2023 The windpal accounting pc4iues &SJpt&J. I￿0*M￿nts aThl k•y S￿re¥S of eslimatKJn u￿ertaInty in the 1x0p￿al10n ofth• fmw81 *at¢ments are bgkn¥. stalements hove been wepwed for th& year to 31 Dtt¢mb8r 2023 wth The *4iement8 hvle been prepwod unthr th• hiBtixic41 co81 converkn wlth itwns initialty recogni8ed at ￿8t C￿ Iransactkn) value unless olher*rf88 8tatsd In the accounthng Owies bel￿ Lvthe rths lo these flnanual statements. The ffinond81 8talemwrt8 have been prepared Sn •c¢￿danC* wilh Accounb'ng and Reporting by Ch•rithry8.' Slatemant of RKOMM6nd￿ applkable to chwi1kn8 w•parkng thtrl 8C¢A>unts in ac￿rd￿n￿ vAth Ihe Fln8ncl•l R•porting StsTrJ•rd appllcabl8 in th6 UK and Reput1￿ of lrnLwd {Chafili8$ FRS 102 SORP 2015), the Flianciql Reportlng Stsndard appltsble in the UK and Rewbl¢ crf Ird•nd IFRS 102) and the Companks Acl Chartty con8liluté• a put￿￿ benoft entiy M defr*ed by FRS 102. Th• Iln*)c418t•tement• are Wel￿1t•1 in •torfry •nd gre ￿ndfol to t1￿ wnd. crf11￿1 •¢¢owllng ••tlmat•• •nd am• ofknrn•nt The most gignrfKarrt of adluslmW￿ and k•y a88umplh)n8 thll fft Il•m• In tho fm•n¢lg1 stot•m•nt8 arn kn r•BFeL* to.. • 8J8￿￿r¥j lh• Fwob*JlKy of ￿*•￿5n9 le9￿& alvhth the Cwty hè5 bwn notified, • esllmatkng u8ofiA IW• of tsnglbltr fo(ed assets for the pu￿4••8 of dotonnlnlng Ihe d¢rDi•thx cthwy.. • aBMsslng tho of•ry prtyiw¢)n fix $tr)w ￿1n9 or ob8olete 810th., • 888e68iry tho 4)prnpriateneu of any provffjlon n••d8d 4gakn8t doubtful and l)gd debts.. • 8W88lng the apwwalene68 of Ihe ￿￿ertyIng a••umFllons of th• xlu9rfal vlluallon of the Pens￿ gthemo. and • gsttsi)ating lulwo irK¥)me aThl expendllure Ihx5 for purK*JSe of aw•thg gtskng h r•8poLt to the noxt r•pcrfkng ￿fjd, Ihe actuarial vqlu8tlon of the pension 8cheme rem&ins the most *nfftant 8r•a of Un￿rt￿nty Ihat may affxl tho carwng v8lue ol assets hekl by the Chwity. In¢(wated cathol￿ Truth S• ffhg) 19 p￿￿1PaI accounttng policié• 31 D￿ernt￿r 2023 AMe￿Ment of golnu conc•m The trustees have assessed wlth t￿ use of the going cM(*m 888urnpl￿n fd wcyiale in ￿paring th88e fina￿481 stst•menls. The truste85 have madè Ihl8 a88essment In respect to a w*)d of al least ￿ yOor frorn th• date of approval ol th fffiar￿a1 Blalw￿rrt5. Gwen tho ￿rrent le¥81 of free reserves lektr￿ to annual eXpendttU￿ and 8ntkip8te(I costs for the ongolng WK)nwy progTammo. the lnts1￿ are of the opinion that the Charity has planned ¢8refulty in order to meet M8 li8blltbe£ as tw fall due and arè of th8 opinknn Ihat the us• of Ihe golng awmO]'on In thg Fffep8r8tion of these knnty•l *atements IB aPWOPfWts. n• rn¢0gnltlon Incom• is roccgnlwd in the perK￿ in T•hth Chavity b ontrmed to re(*pt, #rTh)unl ¢An be meosur•d religbty and it i& wobabh that the income wll be recoived. In¢om& 18 deferred Mly when Charlty has to fuffil ¢ot)dit#)ns bafore becomSrvJ enlllled lo r( or efe ts donor ty lurKlef specthed thal the Income 18 to be exFwded In 8 futur• 8￿ntIng perknd. IncfAne compr*•• donath)rMs, lty¥o•8. illwo81 r¢¢ofvgble. IrK¥m• from the 801• of bllcal¥)n$ •ThJ ocu8ioMI mMc*llawwJ IrKorn. Oonationi w• (8cogni8•d when the Churity h•$ (*nfinnatltsn of both Ihe amount and Set￿ement date. In e¥ent of donath￿S ple4g•d but n(* roceNed, th• 8munt is ¥Lcruad for where th& rt¢eipt is consmlored wob•bkn. In the evenl that a donallon 16 8ubJecl to condiliom that rowtre o 18¥el of perl(yMa￿ b•fcn the Charty Y8 entiued to Ihe fund•, the In¢>)m 1$ deferred and not r•cogn66od until tho8e condibons #ro fully mgt, or the fulfilrnent of th089 wid11k￿$ i4 wh)ty titiln th• control ol the Chartty and it Is prc*abl• that those I>)ndti￿n3 will be fijlfdled in the rep￿Ing perK#J. In accord•nce wmh tho Chaiillès SORP FRS 102 Volunteer limo i¥ not rec¢gni8ed. Leg•¢i8s arg I￿juded in th• ¥tsiem•nl ol fina￿￿1 a0*Nit￿$ when Ihè Charity is entitled to Ihe legw, th• execulors have establlsh8d Ih8t there a￿ 8ufficiwrt surp￿$ 88SOts In the vstste to pay the Wy. arKI any ￿r#I￿10￿S attacknd io the leg8cy 8r* within th• cantrol oflhe Chaty. Entthff*nt is tskon as the earti8r of ihe date on which 8bth8r.' the Chanty is aware that Pfobate has been grant•J. the estate hèg been fm8llwJ gnd notrfution has been rnad• by Ihe executor to the Charity that a dwlritrtrtion vrill ￿ mad•, or when a distribution by receNed from ￿ e818le. Rpnpt of a legw. whole or In par( is 0￿Y (x•nBidered woba￿e wthen the amount can b8 measured Telwwy the Charity has t￿en notffiod of Inc￿pu￿WI calho1￿ Tnrth Sxiety ffhel 20 Prlnclp•l •c￿u￿11n9 pollcl•$ 31 Dec•mt*r 2023 IrKom• r•¢ognltlon lo)nth"n Imere legaLleS havo t•en to fv Charity, N the Charity is awar• ofthe granting of t￿9b￿￿. ¢nled8 ts IrKxme 1wnrt￿n have not tjeen met, then Ihe legacy is treoled 0$ e ¢ontryenl 8￿* and dl8dosed rf material. In the ev•nt that the gift is in th8 foM of ￿ ass8t oth•r than asset on o recogniBed stock •x¢h•YJ&. rettgn1t•￿ kn ¥ubpc* to the vahje of the gtft belng relia￿ [7￿8u[8b￿ wth d•3rn• of r••sort•bkn ar￿ th8 th af tho 88set ha¥ir¥J ￿ transfeff•d ID th• Charlty. Irrterest on hebj on depojit is iThJvded vthen racefvabkn And Ih• 8mounl can b8 mèasured rnliqbty by the Chwrty: thi8 upm notifulwjn of the Interest pahl of pay8tAe by th• barth. lrtom• frc¥n publK*iTh 8ales • th• Slgnrf￿ftt Tffjk& and r8wwd8 of •morBhip have tran8fwTed lo the buyer. This L8 u$uglly at point of Sa￿. Th18 InrJude8 8 ol pthhcalions 10 Sthods and pari•hes who b8n•fit from red￿•d prK81. Li8bilrti8s •re re¢ogno•d as •xpenditure J8 won 88 ihere 18 a lty•l OT wn8tru¢Xlve Igat￿n commltbng th• Charty lo m•k¥ • poyrn*)t to a thlrd porfy. probable ihat Iran8l•r of •conomk b8n•fit8 ￿11 b• r•qutred kn uttloment and the •mLwnl of the obllg•lb)n w b• m•MLnd rnlabty. AU •xp•nd51w• IB •c£Cu￿ for on an Icen￿lS bwis. ExP￿bI￿e c￿nprIs￿ dlrecl coots and 8UPt*irt Costs. All exp8￿88, I￿￿￿lI¥j SUFWI costs. are allocated or •pportbned to the awlcable exFenokn headlrys. Th• das8ifukn b8tr4een athttles is os f01b￿.. • ExpondKure on rnlslng lund8 includ0# All oxponditur• a8•ttlated with rn￿1￿9 fund$ for the Charfty. Thlj InckMJ85 siaff o)8ts and d￿•cl colts aBBOCiBted wbth 9on•iatlng ¢knaled trKx>m& and an all￿at￿)n of Bwwort C08ts. • Expondllur• on knK*Jd08 al c£418 wlth furtherfng the dwit8ble purpos•8 of fv Chorty through the pm¥l#k)n of it8 charltable adlvitloo. Supwt ¢￿ts reFYesent IndIr￿l d*rflaUe expendltwe. In rAd•r to out the prfm rpose8 of the Ch8nty il i¥ nxes8ary to provld• wrt in the fonn of personnel d￿￿k1Pm￿l. fwwKaal procedureB, of offw 89P4fU8 •nd equipmgnt end a itaOl• wothing ￿¥11t￿Ment. Governw￿* 0)M￿ls• Ihe ¢0811 Invd¥iig the aca)untsbility of the Charfty (INauding athjit costs} o)sts in lo its ￿mplIan￿ with rggul•tion aThJ good pr8ctr*. staff costs arn athxat•J b•tw•8n exF*)dMur• on fund8 and •xpenditure on d￿ritable actrlty based on tha pwc•nlag• of tin• on th•se a¢lNitips by thg empknyees of the Charfty. In(*Jporated Cahollc Tnrth So¢iety ffh81 21 PrIncI￿1 •¢counting polklm 31 Decemt4r 21Y23 Allocatlon of Support g(¥vemanc• eo•i8 Icontinuerf) gjpport arbJ WJvW￿n¢6 cos¢$ are auocated to expenditur¢ on ¢hOdt￿o 8ctNilios as it is co￿￿￿ered that any apptsrth)nment to expenditure on raising funds would be Imm8terfal. Tan9ibl• fix•d 4••0ts All assets i>)sting in èxcéss of £5(K) and with an estirn•ted useful life exceeding one year Are capitalised In ihese ffin￿l￿ slalements. Depredati￿ 13 PTovKlod ¥t the follmng annual rates cffi • strtylght lkne b￿56 in order to write off ea(* ats•t over its estirnated u8efiJl Ile. • Computers and office •qui>merrt 33%% on Stock• Stod(s of book8 and pom￿1818 for relaltr ￿ ¥•￿•d •t the lower of 8TrJ n Ilèa￿* v8lufr. after moking ob6cA&t• s¢0c&. O•btorn D￿¢($ recogrA8•d al thelr setU¢nw* •rhThint, 18$$ provl$lon for no r•coveralAl#y. Pr¢p8ym•nts fj￿ valuod at tho am0￿1 prepakl. Debtors hgve ba•n dl8counted lo thè We￿nI Ve￿ of Ihe future rash f*c*F4 vth•r• dl8coLmtin9 is mat•rial. C••h It b•nk •nd In ￿nd Cash at bank •nd In hand r$prwnts ar£ounl8 and 1Mtrum￿ts that ar& avall8b18 on demand tt h8¥e 8 malurity of kns than three months from the date of acqwsition. Oepowts for mN• ttron Ihroe Th)nth8 but leB8 on¢ yw have bo8n disdosed as shclt term de￿it8. C••h *¢d on depoiit for moro than one yew18 dKrydosod as a fixed 888el Crvdltorn •nd provl8lon• Credrtors and pro¥L8bns r•o)grls￿ w￿n 18 w obllgatbon 81 the balarui sheet dote as p r•8uIt of a W event, probBbb8 that a transfer of eC￿orn￿ bemfft wlll bè required in 88ttlemont. And the arrrf)unt of tho ￿ent can be estimated reliably. Cre(*tors and kYo¥i8ions aro rec￿gnised at the amwnt the Charity anticipates il will pay to 8etUe Ihe debl. They have been disoxthd to the p￿sent value of the fvlure cash payment T*here S￿h discowrflThJ 18 nwt•iiil. Fuirfl •tructur• The gerwal fiJnd8 COThWS8 tw Th￿1￿$ may be u6•d t(wards meeting the tharitsll• obiecbves ofthe CharTty rroy k gFoll¢d at the disc¥et*Jn of thè tru8tèè8. The pensb)n re88￿ ￿presents any n•1 habilty on the Chall￿6 delh*d ber*fit rrtn8lon 8d)err*. Cotholit TrLrth Stica•ty ffh•l 22 Prln¢lp•l •¢¢ounting policim 31 Decemt*r 2￿23 Fund *tru￿￿ {c(rfth'nwJ) The d￿￿ated ￿ndS are IT￿18$ Set asmle of general funds for purposes by tho trustees. R88twicted fiJnd5 clryiise T8iSed for. or ther restrthd to. a 8pecific purpNe, contributions subject to donor imp08ed condibon8. R8nlals app￿4b￿ to 0￿￿1ng loa808 where substantbalty all of the b￿￿fftS and risk$ of t)wn8rthip rerna￿ ￿ the le&ryor are d￿rged to the statemenl of finano?al Kbvi1￿5 on a 8ITap3ht.lino baois overthe lease term. P•n•lon co•ts Contributions to defined rA)ntrbuIh￿ pe￿￿)n sthem08 atwj to •n¥kn•o¥' porwwl pen3th plans arè d￿r9ed to tm statemert of fmancaal xtwit￿ In the year in whK* arn payaU6. ar•J no exl8llTrJ eMpt¢)Y￿ aro mombw8. Tho $Ctr￿M0 kn l￿ded by ￿ntr￿ul10n8 from th8 employer. Pe￿10n sthgme assets are meaBured U￿￿9 markol v¥luw. Penslon sthomo liabihli•$ aro meaBured usiry the prr4•*d unrt actuarlal melhjd and •ro dl8counted al tho rate of retwn on è Iwgh qu•lty (W￿le ol equiv•knnt term arKI currary lo liabilty. lAU￿al ga￿$ and loue8 are Tecognwed In stètsmenl of flnwthl as part of oth•r r•0)gnk￿ gains and losses fw tha p•rlod. • chontl$ d*fin•d Jth#me'J ob￿gakn h 1888 Ihon the fa¥ value ol pl•n •88•ts ot b•l¥nc• **•t dote. r&￿1￿19 in a Surp1￿ on th• $C￿m¢, the charlty ￿(￿ recognlso ¥n a￿1 on tho b8lan¢o unl•ss thw• 18 an Ind1￿60n that ft is abbe to r•cover 8Ufpth through elthw rId￿e0 c4)ntrlb4rti¢)n in the ftrture or through reftx)d$ from the plan. 1r#xypN￿ Calhc4ic Truth &￿￿ety ITrE) 23 Mots8 to tho fin•ncial •latsm•nl¥ Year to 31 D￿rnb￿ 2023 1 Incom• froffl: Donallon¥ •nd1•gacle• Total 81h51 101A75 161n6 61185 ni.4C 67,220 n1,4 101.235 160.056 2 In¢¢m• from: Publlc•llon ules Thè publicatic￿ sale8 8ro thbutaL4e the publishi19 dbtrtiut￿n of pamphlots. bfyjks and other media. An •)alysis of put4icath)n lor year is gY¥en bel¢)W.' Tot•1 20a Total 2022 Unite(l 76B.rn 692.029 220 619 912,648 957,074 3 Exp•ndlturn *)n: R•l•lng fund• T<4•1 2022 futhdb rth 8tyff c£•ts IIYA•7•1 2.498 4.019 6.517 J.1 4108 4,019 6,517 4 Exp•ndlturn on: Publlc•tton •nd dl•••rnln•tlon of C•tholk pubIk￿0n¥ nd• 2022 Publl•hkng 317.941 317.M1 261.T26 281,725 137,￿1 137.201 2S 13.714 23,e67 Irth 7•1 4W.156 34.71• 8,1 491,1 34,719 427.811 20.634 427,811 ,634 01,342 41274 111Y8 I7.1￿3 42,274 12,048 17,003 9)3 4701 32.CtIB 995.￿1 2,695 1.lJt.786 9.953 1,WS,894 Inc&xp)ratod CtholkTrLrth Society ￿h8> 24 Nole• to the flrnn¢lal sl•t•m•nts Yo¥ to 31 De¢ombw2023 Totjl 2022 fvr 1.3$1 5.748 6.748 26.260 ¥701 35.701 Net mov•m•nl In fvnd• This 15 5toted after tharging.. 70ts1 2023 Total 2022 stAff ct4tr Ir* 701 61IIX4 430,309 . Curnnt y•w ￿ f 25,000 1.300 22.8fy) 3.110 12,047 11,S50 11,500 Empl¢)yv •nd k•y m•n•gwbwft rnmunv•ll¢n Tcl•l 2023 Total 2022 Staff co8ts th• y••rw*• as fdkAY8'. 428. 371.997 20.074 26.514 1.981 1,724 4H.IJ84 430.3 SoGL•l Ol￿r ponthn ctstr Olhfrr St￿l¢￿ts Sl•ff lU￿1￿)n ww• u for0￿.. Costs rfg•nwallrYd P￿li￿1v￿ 2.498 427.811 430.209 498.166 4M,1164 OM enwby¢e traw*d bth¢en £￿,￿)1 £1fyJ,Cth (Indthllng t•xabl8 bbneffts but xdudkii •rYyws p**lon Mrtrib￿lo￿I duthu Iho year12022- c418 empwe eamed behveen £￿1.c￿l arml £1(KJ,(m). Ccffltrityjlions of £4.827 {2022 - £4,597) were madè to the ￿ch￿rn8 of higher pwd members of Staff durin9 tr* year. The average numbw ol ompltyobs. an8ty8od by function. was: 2023 2022 11 11 In￿r[￿ated Catholic Truth Sc¢th (n*) 25 N*)te8 to the fin#￿1#1 stsiemefts Year to 31 D￿rnber 2023 Employ•e k8y manag•ment remun•rntit)n lo)ntm K•y m•n•gwn•ntp•r4l￿R•I Key m8n8gemenl personnel cc¥nprise lh¢ IrustO8$ and the CEO arKI Putyishw. Th• total payab￿ 10 key menagement personr￿1 durin9 th• ￿3[ was £113,436 (2022- £108,649). No trustee fecei4Ted any remuneralon kn respxt of 8wvIc￿ a8 8 trvstee durtng tho year12022- £nill. trustee receNed rernbJrs•m•nl of out-of-px*et expen$•$ of È23 12022- £nd). One Iru8tee receiv8d roy8Ny commk8wns of £1,29) during th& year (2022- £Wl vi rosp￿t of twks whth he wrote for CTS to his apwlntment aj B trusts•. 8 T*x*tlon The InwwKated Calhdic Trulh Socl•ty ￿ a registofed tharity and thorofor& b nol li9￿9 10 tax or ¢Ofporation tox on ir*>Jne ¢x ggin8 derived trom ts th•ritabl• 8ctiviitss. fjs they fall Vlithln the various exampb'ons awlabkn to regiotered rharities. T•nlbl• fixed 4•••ts Comput•r* •qulpmont At 1 Janu•ry 2023 •0.784 4,268 95.052 At 31 D￿￿t￿r 20rd r•cl*tlon 1 J•nL4ry 2023 Chary for y••r 31 DKembgr 2tr23 74.196 83.1)99 N•1 book Y•lu•• At 31 DKember2023 At 31 De(*mb•r2022 16,588 10 Stock• 2023 2022 Put4K8￿6 for 8 236.074 240,266 IrKixFor*ed CatMlcTftrth Socw ffhe} 26 Not•8 to th• financlal stat•mrt Year to 31 Decemt*r2023 2023 2022 81.783 12.354 13.985 163,287 21,435 42S,552 269,446 12 Crndltorn: am•)unts hlllng du• TAlthln an• y•Ar 2023 2022 33.222 7,895 83.0 81,950 109 157,534 Roya 16,0 73.156 182.008 13 R••trlct•d fund• At31 J•nuwy ExpwKIl￿rn 202J 8.13• 12.6961 714 Totsl r•slrfL*d ￿1>￿1 11.139 2370 {2,8961 10,714 All A131 2022 10,057 35 (9,953) 6, 139 Fwn1lyolD￿*S fv 16.0S7 &035 (9,953? 11,139 SrK• 2(*)8, Charity hats (MXx6k￿0 made aFvaab to mak• ￿me of tts put4kalth& lablg lo de8w¥lng Of b888 I¢#￿nate &￿up8. to con8ld•r SLKJ) opp¢#I w•$ ￿UnCh•d durirq 2015 to make a¥alk￿￿ Cathdt rè80urce6 in prl$ons conwetffll during th* year eTrJed 31 Decemiw 2016. Durlng the yew endThJ 31 D•c*mb•r 2￿24, CTS will ulilr8e ttwe fiJndB to pYov¥Je Wis0￿ wth le¢*ionaries. In¢￿porated cathol￿ Tnth Solaety (fhe) 27 Not4# to the fimnclal statomonts Year to 31 Oecember 2023 13 Ro*triei•d funds (Contin￿￿> F•nJlfy oll>sclpl•s fund CTS ￿ commissicThd a nvw F¥st CMfess*Jn and Fysl Hoty Commurion preparalion FfQyf8mme. the working trfle for wh** 1$ F8mity of Dis•s. p￿)lICat￿)n 1$ ¥nb¢lpat8d In 2024. Thls resowce wll te market4ading 88 rt is beirBJ WTilten on a f•mly.led catethesiq mcrtlel b¢ the firsl of its kiTrJ kn tho UK. Family-led catethesis mans Ihat whllsl I sacran￿181 p￿paratI)n will be oJordinBted in the parish, and ihere will be nKJnlhly or bi- weekly me•lirb3s Ihat the wents and ¢hiklr•n attend toJetheT. th8 main catschosi8 18 (*med by the parents for their rJ*n thildrnn, with the swc¥t and guidanc• of parish pr￿6* and ea¢¢th￿t$. Expensès Ihal be Thxrred indude pa￿￿￿1 fry iwo VArthcn (onè for th• parents. and lanYrApated to bè ttJmmissKJned frc4Yb 8 stole illu8tralorl. rights and pèm1s61ons >stB for of fm art other ilhJstrsb"orra. at*torial costs, pYoduc*ion ¢08lJ foT dvJit8VvhJ80 content. prothct#)n C￿Sts for books •)J Mo￿011ng COBts. At31 utlll••dl DK•mb•r 2023 Januwy R•k)c4Von luThl 76.f A131 UWllJ8& Docemb•r 2022 2022 d•s* 7&0CQ 75,6 Th• R•loe•don Fund T•pr•8wts funds 8•t awde tvwards a poswble r8loc411on of th• Follo%￿n9 the year the Tntyt￿ dKhtsJ In their April bo•id mootirvJ to r•duco th De¥w8ted funds for Ihe ￿l¢￿Ik)ft to £nil. This d•¢ssion was m8d9 tfjCaU80 vgcAnt possessi￿ of the CTS premrw ￿11 not be roquired unlll 81 l¢a81 Quarter 2 of 2025 on count of Lwrknoth of planning permisoion for th& fad8voh)pm9nt of St .8 S•ll•ment. AJ at 31 Dec¢rrts 2023. the fund remglned at £75.fK#) (2022 - £75.(W. IMxporthd C8lholK Tnth Socièty (Thè) 28 N¢)ts• 1¢ thè fin￿￿1•1 stat•m•nt• Year lo 31 Decen￿ 20ZJ 15 Anaty•l• ol net a8Mts bet*Y•n fvnd• l￿d 2023 Fund at 31 Decwnb•r 2023 w• T8ro*4e ••i•i* N¢t current *8ets Tcl•l n•t a•Mts •xtlwlry prnlon 1,)05￿95 1A17 76.0 75.0 10.714 10,714 1.391.609 1M03.662 2022 14588 1,419,895 1.430,483 16.588 t,￿￿,034 1,522,622 11.139 11,139 7&0 11 LIO￿lIty of m•mb•r• The Chartty IB ¢￿8￿1u1*y as • ecwnyny bmilod ty gu8ranle•. In the evgnt of thè Charty beiThJ wound up. momb•rs am e*h req￿'r8d to ojnldbute an am(yJnt not exceeding £1. 17 P•n•lon c¢xnmllm•Thts Charity op8Tate8 a penskin 8¢hem& prGvkJ￿J benefft• bleed on final p•nwonable pay. Th 88eets of th8 8cknrM are hehl ind•pendenty from thtr Ch*W• flnancol. The s))ntribLrtlon8 we determined on ts basis of tri￿n￿41 valuaiK*n8 by a qualmed actuary the proJeded unlt m8tlKAI. wN•4th•nt bond. •nnuty pol￿8 hold in th• rwn• oftr* Iru8tsa8 ond • bank ac¢ount. T￿ ofth• Id￿.# (•xdtho tr• v•k* danixty ￿4￿0• h•ld kn n•Tr oflh• Inmtees) 88 at 31 December 2￿23 t4va8 £712.1))) (2022- £840,LIXI). The Ch•W• b) th• £101.(KKJ fty thts year (2022- £104.(￿). 2022 2019 rocA) valug Preaent value o14¢l•ff• 712 T79 1,281 15741 19751 {1.3931 541 {1.6531 372 Su lu8 Idelklt Iwxyatad Calho1￿ Tnrth Swety (rhe} 29 Notss to the financi•l Ststements Year to 31 Decembèr 2023 17 P•n•lon ¢ommllm•nts (conlin Pr•¥qnt valu•s of seh•m• liatsliti•s, falrv•lu• 01•8*•ts and deficit (¢onlin Amhough ¢harWs t4nofit pension s¢hem•'s Ob1￿jaIN)n is 19$5 than the fair value of assets at the bala￿ Sheet date. reSU￿ng in 8 surplus on the Khem&, the dwrTty h8$ no indk*ion that at4• to recover this SLyp￿s thrwJh 8lther redu¢ed cOntrit￿On in Ihe futLnl or ttrTh¥Jh refunds from th• plan. As such. ¥ss•t has ￿•rt r•c(wised balance gheelw*h respe(a to the Movom•nt In (d•ftl¢l 0￿￿￿9 th• y••r 2023 2022 £'ooo Surplus IDefitstl 111 J•nwry 2023 con1routi￿• Not ga￿ 8r)￿ luortol llo3￿) galn8 UJ ut 31 c*¢￿￿er2023 266 101 18 11 268 11961 104 13} 381 R•¢onclll•tlon of op•nlnq •ndcloslng b•l•n¢w gf th• f•lr ￿lu• of •ch•m• •u•ts 2023 2D22 tooo F•ir Val￿ e4 autsts at stsrt of perh)d ExF*c*d relum on tych•nb• u••ts luoriil Ilostm) gal 779 1$ 1581 1311 12381 Conir**ullcf4 by th• 8cr*ty Falr ¥alwJ of awts ai•nd al 104 840 712 R•conclll•tlon of •)p•nlng •nd clo•ln9 IMl•nc•• of th• prns•nt valu• of Kh•m• Ilabllltl•$ 2023 2022 Pr•6ont oll￿tIM￿N •t thrtOfF￿ 874 22 975 18 14191 A¢tu4rial gaim B•n•ffts w(1 Pr•wi valu• ot ￿•bIl￿$ ¥1*￿ ol 574 The eglimal•d value of th• ¢mpbyer Contri￿ for tha year orKlir4 31 D￿mber 2024 18 £101.C(Q (2022- £IC6.(£#)). Actuartal •ssumpdons A lull 8¢1u8rial Valu￿1￿ was cathed oul 8t ￿ Jun• 2020 and upd•t¢d to 31 Decern￿r 2023 by a qualffied inthp•ndent actU8ry. The m8ior 868umptKJn$ usad by the actuwy 2023 2022 2010 201P 8COUnt rat• R8t¢ of inu•aM kn perrfKn ptyymenifor prritsr￿b￿ 8ert• Irom 8 pyril 1997 InfiaV￿ asswnpbw IRPII 1.40% 2.10% 3.70% 3.20% 3.70% 3.30% 3.80% 3.00% 3.10% 2.90% IncuForated Catrdic Truth Sodety (fhel 30 Notes to th• financl•l •f#i•m•nts Y••r to 31 Decernbw 2023 17 Pen•lon ¢<￿￿11M0￿￿ (continwl) The mcrftslty a8sumptK>ns athple4Y at 31 Deca)kn 2023 impty follo￿ng Ilfe p￿￿4*5 in yoaFS.' Cwront R•tirin in20 215 V•lu• at31 Valu? at31 VAIu¢ 8131 2022 2022 2021 Ewlts8 124 138 22 378 241 C#h T¢Jl•l marfK•lvah• ol 48Mt• I v•kn• of l•bl {d•ffl 462 712 1574 975 No Jory t•mi •x*ed rato d r•tsJn hal been pThhled ￿ for perltrY• on or after 1 January 2015. Th• •xrAdod r•¢um and wrt•r•sl cost havo been 2023 2022 £YJc knteml cc4t and rnt r?￿rn 2023 2022 1311 1581 Chon90 In f#h￿d#1 dBmLyr¥phk a8SmPlh3M undetyry the 1841 419 6urpkM' 12) 'A8 noted abo￿. th• Su￿$ in ts 6chem9 1$ bYg(y)vef*A8. A8 8uth. reLwnMlon of Ihe SUrp￿S on the bala￿0 ha8 i*en t8strhXed to £nil. The •lu8tment of£2,000 {2(r22- £266,(O)) has been offset ty8ln8t the overnll AduwLql k>ss of £115.IX(J 12022 - gan of 1.(￿) for lh• yw. Calholic Truth Scotty ￿he) 31 Notrs to the fin•nclal st•t•m¢nts Year lo 31 D￿ember 2023 1J R•lat•d p•rty tr•n8action• AsKle from the tsansac1￿)ns rfisdosed in nole 7b. thè trustees nwde awegate ￿nationS of£240 to Ihe charty durlng 202312022- £3601. Thsre wara no othw r•*d party trarwtions reqUIrn￿ di8chJsure in thtr ye#r12022 - el. 19 L•a•lng eommltrn•nts Opv•tlng l••s At 31 December 2￿23 the Charlty h•d total ¢orMi6bnents under nor7-c8n￿II8ble operatlng le88e8 aB foknvJ'. L•r*J and bulldi 2023 2022 Opofoiry payryK•nts ¥knkh Wr•.. 11,650 Fum￿r• and Equlwnont 2023 2022 hino 875 Th• op8ralirq kn•lyliti88 ar• 8Ut4e¢¢ to the temis of th• •gTeemonts rnlatlng lo Ihe r¢lwanl kgnd 8TrJ I￿11th￿3& and othw ats￿ts. Imrlxaed Calholic Tnrth Souety (fhg} 32