Charity registratlon numbèr 234026 (England and Wales)
CLARETIAN MISSIONARIES TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

CLARETIAN MISSIONARIES TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustegs
Father Christopher Newman
Father Paul Smyth
Father Carlos Candelas
Father Manuel Segura
Father Phillip Blandford
Father Joseph Katthula
Father Bijaya Nayak
Charity numbèr (England and Wales)
234026
Principal addre5$
The Towers. High Street
Buckden. Sl. Neots
CambTidgtrshire
PE19 STA
Audltor
KLSA LLP
Kalamu House
11 Coldbalh Squa
London
EC1R SHL
Bankers
Sanlander UK plc
2 Trilon Squarg
Regent's Place
London
NW1 3AN
Sollcltors
Stone King LLP
Boundary House
91 Charterhouse Street
London
EC1M 6HR
Property Agents
Annafield Estates
11 Market Square
st Neols
PE19 2AR

CLARETIAN MISSIONARIES TRUST
CONTENTS
Pagg
Trustees report
S￿lement of Trusl88s rosponsibili￿e$
10
Independent au¢Jilo¢s report
Slalemènt ol financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17-29

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report and financial stsl8ments for Ihe year ended 31 Dec8mber 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document. the Charities A¢t 2011. FRS 102 "The
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" and the Chariliès SORP 'Accounling
and Reporting by Charities.. Statement of Recommended Pra¢tl¢e applicable lo charilitrs prèparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"
Objectiv0$ and activities
Claretian Missionaries
also known as 'Missionaries, Sons of the Immaculalts Heart of Mary,, are a religious
community of priests and brothers founded in 1849 near Barcelona, Spain by St Anthony Mary Claret, who was
canonised by Pope Piu5 Xll on 7 May 1950. From January 2019 the membership in the UK has been linked with
members of the Congregation living in Spain and PortU9al, and is known as the Province of Falirna. Tho Claretians
have a particular devotion to the Immaculate Hoart ol Mary and, in the words of our Founder, they are lo ba "people
aflame with the love of God who spread this firo wherever they go" The wholè world is to be their mission field and
Ihey are to make Ihemselves'the helping hands of the bishops of the world"
Today they number over 3,000 members and continue the Work of their saintly Founder in over sixly ¢ounlries of the
world. They are lo be found in many of the poorest and most under developad parts of the globe. Th8y run parishes,
schools. and ¢oll¢ges- they serve as university chaplains.. they work in radio. television and journalism and
publishing. Their work is unlimited. In England, while Iheii numbers are few, Ihey give expresslon lo their ministry
working from Gommunities based in Haye5 Imiddlesexl.. Leyton (Easl London) and Buckden Icambridgeshirel. In
addition lo the parishes, they have responsibility for a retfeal and confgrence centre that Ihgy op8ral8 in their
facilities in Buckden
The charity's principal aim is the proclamation of the Christian Gospel in word and action as expr8ssetJ in the
teaching of the Roman Catholic tradition

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The charIt￿S Trust Deed slates its princApal objective to be "th8 advancement of the Roman Catholic religion. the
educallon of ¢hlldren. for the medical treatment of poor persons and any religious OT charitable work in connection
with the Roman Catholic Church."
As slated above under'mission" the charitable activities of the Clarèlian Missionaries Trust are undertakèn by the
members and can be divided into a number of prinapal areas. Each ol thes8 areas is discussed in furthar detail in
the paragraphs which follow
In setting the charity's objectives and planning lis activities the Iruslees havg given careful corbsideration lo th&
Charity Commission's guidance on public benefit.
The charity's aims include..
Supporting Ihe Roman Catholic Church in Ihe UK and Ireland.,
Promoting awareness and responses to issues of social justice al home and abroad.,
D Collaborating with other individuals and agencies concèrned wth promoting gospel valuès in our s￿iety-
O Providing support and care for people in need., and
O Re-organising our own presence lo be better able lo respond lo future need
PhiTlosophy and values
The Charl￿$ philosophy is derived from the Christian Gosp81. Members feel called lo contribute to the building of a
soclely of luslice and equality. All are encouraged lo ¢ollaborale in the building up of communities which seek lo
Care for all people. especially for those in danger of excluslon and being overlooked.
The values that lie behind this philosophy are exprèssed in the vows taken by thè mgmb$fship on entering
Congregation and joining reli9ious life.
Poverty
The ideal expressed in this vow is that of living simply and holding all possessions in common. Members have no
personal possessions. all reSoUr￿S are sha￿d and used for the good of each olh8r and the work that the charity
commits itself lo do.
Celibate chaslily
In making a commitment nol to marry or to engage in sexual relationships. members are committing themselves lo
be able lo work wherever they are n￿￿&d. They are free lo be available and present, offering support and earg
when needed by individuals or groups. They ¢ommit themselves lo living in non-èxploitalive respectful relationships
that seek the good ol the people with whom they engag&.
Obedience
With this vow each individual undertakes to give generously of their gifts and talènts in an unselfish way. Through
making a commitment for the decisions to be made in common each member strives not lo be individualistic in the
way they exercise power and choices. The hope is that power is instead exercised in the service of the greater good
and not one's own personal development and aggrandis$menl.
Strategles ft•r achlevlng alms and obJe¢llves
The charity's Trust Deed slates its principal objecliva to be 'lhe advancement of the Roman Catholic religion, the
education of children, for the medical Ireatmenl of poor persons and any religious or charitable work in connection
with the Roman Catholic Church.. As stated above under 'Mission" the charitable acti'vities of the Clarelian
Missionaries Trust are undertaken by the members and ¢an be divided into a number of principal areas. Each of
these areas Is discussed in further detail in the paragraphs which follow.ln setting the charily's obleclives and
planning ils a¢tivities the Iruslees have given careful consideration lo the Charity Commission's gLJldance on public
bentsfil.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Supporting the Roman Catholic Church in the UK and Ireland
This particular objective is principally mel through the UKllreland Delegation's responsibility for the pastoral carts of
three parishes in England.. Hayes and Leylon in London, and Buckden in Cambridgeshire. The work of the parishes
encompasses the normal range of activities found in this country, offering accompaniment to people al significant
mom8nls in their lives le.g. birth, marriage, illness, deathl through offering spiritual guidance and support. Often
responsibility for a parish can result in involvement as Governors in local schools and offering chaplaincy services to
local hospitals or prisons. Some members also involve themselves in other diocesan positions to support the local
Catholic Church, or offer support lo particular ethnic communities. The parishes are mullicullural communilles which
provide a forum that contributes lo the soGial integration of immigrant groups into British society. In addilion to the
parishès, the Retreat and Conference Centre al Buckden and the Clarglian Oasis in Hayes allow the Clarelian
Missionaries Trust lo offer a range of fa¢ililies and programmes that ar& used for the benefit of the wider Catholic
¢ommunily. The charily has. al Buckden. extensive retreat and conference facilities designed for both youth and
adull retreats with residential a￿0mMOdation offered. In addition l(> local responsibilities that are aspects of a
particular role and appoinlmenl, members are also encouraged lo respond lo invilalions lo support broader pastoral
initiatives and will support pilgrimages and retreats in the wider community. One n3ewnbèr also continued to serve as
President of the Conference of Religious of England and Wales.
Promoting awar•n•ss and rosponsès lo issues of social justice at home and abroad
This objective has been mainly Garried out through our commitment to the wider mlssionary work earried out by the
Congregation in different parts of the worfd. Any monies raised for different proj8ets are sent through our Mission
Procurator in Seville. In the UK the members ol th& charity use th8 opportunities available to them in the parishes
and retreat cenlre. to encourage people lo refle¢t upon their responsibility for the environment and the wider
community, encouraging Ihern lo use Iheir lime and resources in a responsible manner to help others. Collaborating
with other individuals and agencias concerned with promoting gospel values in our society. Networking with othèr
agencies and charities working lo promote aims similar lo those of the charity is an important asp8cI of the charity's
ministry. These agencies include the Dioceses where the charity is present, the Conference of Religious. schools,
ecumenical bodies and social justice networks. In addition lo working with formally recognised agencies the charily
encourages th& participation of volunteers and collaborators in the ministry with which the charity is concerned.
Providing siipport and care for people in need
The work of the members of the charity means they are available to help and support people in a variety of pastoral
situations, for example people coming to terms wilh bereavement or terminal illness. With respect to the finances of
the charity there are also resources used lor the health care of the Missionaries who are elderly or have ser¢ous
illnesses. The charity seeks lo provide resources for the medical needs of all members but especially those in théir
laler years.
Rè-organising its presen¢& to bè better abl8 to respond lo futurè neod
For the charity lo ¢onlinue ils ability lo fulfil ils mission the Iruslees recognise the need lo allocate resources for both
the ongoing prèparab'on of the present membership and also the recruitment and induction of new members. All
members oré supported financially from our minlstries and the funds of the Irusl. With the t￿mendOuS chang¢ that
has occuried in society the trustees recognise the need for the membership to re-evaluate their presen￿ and the
ways they are working towards fulfilling the objectives of the charity. One aspect being explored is th8 elhnic
makeup of our membership. As part on an international organisalion the Iruslees are investigating ways of renewing
the membership through the inclusion of mernbers represènting a wider rangè of ethnicities than the traditional
Anglo-lrish group that have made up the mernbership of the charity. During 2022 we had three members from India,
one from Nigeria and one from Poland engaged in the work of the chArity. The Iruslees have been working in
collaboralion with Claretian Missionaries based in Spain and Portugal lo explore how w& might be able lo adapt our
operating structures as an international organisalion lo ensure the suslainabilily and effectiveness of our continued
presence in the UK. Since January 2019 the members of the Clarelian Missionaries in the UK have formed a region
of the Province of Fatima which includes Clarelians based in Portugal and the south of Spain whlch includes the
Canary Islands
Herltago Project
In addition to thè work of meellng the objectives of the charity, ownership of Bu¢kd&n Towers, a heritage silts wllh
scheduled rnonument slalus, also requires lime and resources. As a property with 2 history going back to the
Domesday Book, the buildings are recognised by English Heritage as being of national importance. During the
ownership of the site by the Clarelian Missionaries, buildings that were in ruin have been carefully restored and
reclaimed and are now the facility from which the charity's retreat and conlergnee centre op8rate. A maintenance
plan is in plÈce which continues lo be irnplementèd, though the issue of how funding might be generated for the
major repairs needed on the property will warrant further investigation.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Publlc beneflt
The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Activities
The charity has continued lo support overseas a¢tivities through the contributions sent through the Provincial
Procurator in Spain
Prote¢tlon of Chlldren and VulnerableAdults
Like all olhtrr organisalions who serve in the Congregalion, tho trustees recognise the absolute ne¢essily of
ensuring the protection and safely of all those the charity servos in any way. This means that members engaged in
any msnistry must obtain clearance from the Disclosure and Barring Service ID8SI. The Iruslees are fully committed
lo implementing all policies and proceilures of the Catholic Safeguarding Standards Agency ICSSAI.
Ralslng funds
The charity aims to achieve b8sl practice in the way in which it communicates wlh donors and other supportels. It
takes care with both the lone ol ils oomrnunicalions and the accuracy of ils data lo minimise the pressuros on
supporters. 118pplies best practice to protect supporters, data and never s8118 data, il never swaps data and ensures
that communi¢alion preferences can be changed al any lime. The charity manages its own fundraising activities and
does not employ Ihe services of professional fundraisers. The charity undertakes lo react lo and investigate any
complaints regarding ils fundraising activities and lo learn from them and improve its service. During Ihe year, the
charity reoeived no ￿mplaIntS about its fundraising activities
Achievements and performancè
Significant aclivities and achievements againsl objectives
Lik8 most oiganisalions the work of the Clarelian Missionaries Trust continued lo be impacted by the Covid
situation during 2022. The pastoral centre al Buckden has continuad lo receive groups and during 2023 has also
made Its facllilies available lo offer hospitality lo Ukrainian Refugees. With the event of lockdown efforts Clarelians
working from Hayès have made efforts lo expand the use of technology allowing the work of the Clarelians lo
conlinue.calechelical programmes continue lo be offered with 120 children prepared for their firsl ¢ommunion and
100 participated in the confirmation programme which also included a residential weekend retroal for the
¢andidales.One member of the Hayes community continued to be available lo provide workshops and facililalion in
support of the members of other religious congregations at home and abroad until they relocated to the community
in Buckden in August 2023.During 2023 the Iruslees were attentive lo the Challenges that needed to be tsvercome
relating lo the the impact that Covid-19 had had on the charity and ils Incoffle. Whilst the trustees were confident
with resp8ct to the long-lerm ongoing suslainabilily of ils work, they had to make some short-lerm decisions about
the Claret Centre in Buckden and the continued employment of siaff in positions where no incom& was being
generated. The trustees continued lo monitor events and act where necessary.The facilities of our Retreat Centre al
Buckden ¢ontinued to be improved through redecoration and relijrbishmenls throughout 2023 and groups began
retuin to make us8 of the facili1185.sorNe staff w8re brought on to allow thè fa¢ililies lo gradually open-up. though
there was still some hesitancy and uncertainly around the organisalion lo taking youth away for residential activilies.
In Leylon. the community maintained operations in the parish as guided by the Di(>¢ese.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
Results for tha year
A summary of the results for the year can be found on page 17 of the attached ac￿Unt8.
Total income for the year amounled lo £622,286 12022 £611,675) and included donations and lega¢ies of
£147,14912022 . £191,757). The total figures in¢lud8 donations of £15,084{2022 £35,327) being rnonies restricted
in their use mainly towards supporting the overseas mission work of the Congregation. retired and si¢k members
and training of new members. Income frorn ¢haritable activities i.e. relroal house income, ministry income and
related receipts amounted to £213,66812022 .. £213,741). The charity generated £200,911 {2C122 .. £151,885} from
the operation ol th8 Clarelian Oasis Cenlre, whi¢h opened in the year, offering social and conference facilities in
Hayes. The ¢harity raceived £Nil {2022 £5,5001 from Historic England towards the restoration of ils property in
Buckden.
Expenditure arnounted lo £775,408 compared lo £648,946 in 2022. The costs in relation to operating the retreat
centi& were £178,761 {2022 = £122,258). The costs in relation lo supporting members of the Community and IheiF
ministry amountèd lo £127,12212022 ." £88.274}. Expenditure on the Clarelian Oasis Centre amDunled lo £407,909
(2022 . £361,755). Donations, rnainly to the Congregation's work overseas works. were £53.90612022 £62,676).
Further details of these donaliony are given in note 8 to the attached accounts.
Gains on revaluation of the investment properties held by the charity amounted lo £Nil12022 £90.000}. After taklng
account of this, there was a nel d8cr8ase in funds of £135,89312022 '. nel increase of £52.729}
Financial posStlon
The balance sheet shows total funds £3.494,81312022 .. £3,647,935).
These funds include reslricled funds ot £164,04412022 £166,591)- Further delai18 of these funds are includtsd In
note 18 to the accounts.
The tangible fixed assets fund equal lo the net book value of lh8 tangible fixed as58ts amounting lo £1,005.359
{2022 £1,044,072) has been id8nlified as a separate fund in r8cognilion of the fact that such assets are required to
enable Ihg charity lo carry out Ils charitable work and are not available lo fund activities or meet future
commitments. The investment property fund at £950.000 12022 . £950,000) equals the value of those PTOP8rties
which are rented oul al commerclal rates and hence are not readily realisable to meet CUTrenl commilmenls.
The unreslri¢ted funds of the chaTlty at 31 December 2023 amounted to £1.375,410 (2022 .
£1,487,272) and indude funds designated by the Iruslees for specific purposes amounting lo £945,110 12022
£1,027,453). These funds include funds designated to ensure the tharily can fulfil its mission to educate future
embers and to care for those members who are sick or elderly. The unreslricled fretr reserves or general funds of
the charity amounted lo £430,300 {2022 .' £459,819}.
Going con¢ern
The trustees have assessed whether the use ol the going ¢oncern assumption is appropriate in preparing these
accounts. The Iruslees have made this ass8s$menl in respect lo a period of al least one year from the dal@ of
approval of these accounts.
The Irustees do not tsxpect any mateTial concerns to arise over the charity's financial position or for the charity's
going concern lo be threatened. Therefore, the trustees are ol the opinion that the charity will have sufFicienl
sources lo meet ils liabilities as they fall due.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Rès•tves poll¢y
11 is the Iruslees. current policy lo retain free reserves (i.e. those unreslrlcled funds not represented by tangible fixed
assets, investment properties and designated for specific purposes or otherwise committed) ol between ￿e1ve
months and eighteen months expenditure on unrestricted funds. This equates lo between approximalety £208,000-
£625.000.
At 31 December 2023 the free reserves of the charity amounted to £430,300 {2022 £459.8191. The Iruslees are of
the opinion that these are adequate but not excessive
Majorrisks
Risk management
In line with the requirement for Iruslees lo undertake a risk assessment exercise and report on the same in their
annual ieport, the Iruslees have looked al the risks the charity currently laces and have revlewed the measures
already in place, or needing lo be pul in place. lo deal with Ihem.The key risks for the charily, as identified by the
Irusleés, are described below together with the principal ways in which Ihey are mitigated..
An analy$i8 of the age profile of the members of the Promnce shows that the average age was 63 years.
The trustees are aware that there is both a moral and legal obligation lo care for the older membets none
of whom have resources of their own. As the age profile increases, so loo does the need to provide care for
thè members. Key elements of tho management of this risk are.. lal ensuring that the charity has the
vailable finanGial resources to finan¢e this care both now and in the years ahead by salting aside assets in
a designated fund, the value of which has been based on actuarial prinaples-, and Ibl ensuring that
processes ar6 in place Its review regularly the ministries and needs of individual brothers en¢ouraging
those who need il lo take on ltsss demanding ministries and for identifying those who need extra ¢are and
help.
Safeguarding.- Operationally the chaTlty works with vulnerable adults including older people. The trusltrtrs
re¢ognise the absolute necessity of ensuring the protection and safely of all those that the ¢harity serves.
Thi8 means that members engaged in any ministry in the UK and all those who work or volunteer for the
harity and work with children or vulneiable adults must obtain clearance from the Disclosure and Barring
Service IDBSI. The Iruslees are commilled fully to participating in the safeguarding slru¢luie that is
presently being created in the Catholic Church aligning the charity with the Catholic Safeguarding
Standards Agency ICSSAI and the Religious Life Safeguarding Service IRLSSI. With the present
reslrucluring, a part lime safeguarding officer has been employed with responsibility for ensuring this policy
is adhered lo in respect lo all members. etnployees and volunteers. This person will work wilh the Iruslees
lo ensure that there is on-going safeguarding training,. that internal policies are up lo dalo., and lo ensure
that members, staff and volunteers are kept informed about good practice in work and minislry.
The charity donates sums in support of the wder Congregation and other organisations. The vast majority
of donations sent overseas are lo fund PTojecls administered directly by members of the Congregation.
Whether or not the funds are used here in England or elsewhere, the Iruslees always ensurè that they are
fully briefed about and familiar with the Work of a potential recipient of funds. Ihal funds are transferred via
b8nk transfer, that proof of receipt is obtained and that. wherever possible land always in tho case of
monies sent overseasl, a full wrillen ￿port of how the monies have been ulilised and applied is obtained
from Ihg re¢ipienl.
The charity's princlpal asset ¢omprises ils properties. The charity ensures that these are kept in good order
nd that health and safety procedures are followèd. In addition, the charity confim)s that the insuran
cover for the properties and for those who visit the property is adequate.
Having assessed the major risks to which the charity is exposed, the trustee8 believe that by monitoring reserve
levels, by ensuring conlrols exist over key financial systems, and by examining the operational and business risks
faced by the charily, they have established effective systems trj miligale those risks.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans for future periods
The Iruslees are committed lo continue to invest in the property in Buckden lo ensure that repairs and maSnlenance
are undertaken to ensure the facilities are able lo safely accommodate people golng fO￿ard.
Sadly, the Oasis Centre has struggled in the current climate to break even finan¢ially and a decision has been taken
subsequent to the year end to close its operations.
The trustees will continue to work with their de$lgnated safeguarding link lo make sure mèmb8rs are aware of their
safeguarding responsibilities in the light of the establishment ol the Religious Life Safeguarding Service (RLSSI and
the Catholic Safeguarding Standards Agency ICSSAI, both of which Ihtr ¢harity will be k)oking to align with.
The Iruslees will initiate regular monthly gatherings of the membars to offer an in-ptsrson space to help mèmbers be
aware of what is happening in the organlsalion.

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, govemance and management
Clarèlians Missionaries Trust is a charity established and governed by a trust deed dated 28 Sepl8mb@r 1912 and
amended 25 November 1991. It is registered with the Charity Commission. Charity Registsalion No. 234026.
The Clarelian Missionaries Trust is part of an inlernalion81 religious order divided into separate Provinces and
Delegations. sin￿ 2019 the Trust is responsible for th& admlnislralion of the region of the Province of Fatima
located in England. The Province is administèred by tha Major Sup81ior logelhgr with a Counal Gonsisling of four
other members. The Superior and Council ar8 81ect8d and recognised by Ihg Order's superiors in Rome. The Major
Superior identifies the members who will operate as trustees of thè charity.
The names of the trustees who served during the year are set out as part of th8 rèf8renc8 and adrninislraliv8 details
of this annual report.
No trustee re￿iVed any remuneration or reimbursed expenses for services as a trustee, nor had any beneficial
interest in any contract with the charily. during the year.
The Iruslees are all members of the Congregation and, as such, are closely involved with the day-lo-day work of the
rnembers and directly responsible for all major de¢isions.
statement of trustees. responsibilities
The Iruslees are responsible for preparing Ihts Iruslees, report and accounts in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally A￿pIed Accounting PTaclicel. The law
applicable lo charities in England and Wales requires the Iruslees lo prepare accounts for each financial year which
give a true and fair view of the slate of affairs of the charity and ol the income and expenditure of the charity for that
year. In preparing accounts the trustees are requifed lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles ofAccounllng and R&porting by Ch8rilies'. Statement of Recommended
Practice applicable lo charities preparlng Ihelr accounts in accoidance with the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 102).,
make judgements and eslimales that are reasonable and prudent.,
stale whether applicable United Kingdom Accounting Standards have been followed, subject lo any
material departures disclosed and explained in the accounts.,
prepare the accounts on the going concern basis unlsss il is inappropriate to presume that the charity will
continue in operation.
The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
lime the financial position of the charity and which enable them lo ensure that the accounts comply with the
Charities Act 2011, the relevant Charity (Accounts and R8POrts} Regulations and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregulaiities.
Key managementpersonnel
The Iruslees wnsider that they Comprise the key management of the charity in charge of directing and controlling,
running and operating the Charity on 8 day-to-day basis.The trustees receive no remuneration or additional
rtsimbursemenl of expèns8s in connection with their duties as trustees lo the charity. The trLJStees are all mèmb8rs
of the Clarelian Missionaries and, as such, their living and personal expenses are borne by Ihe charity
The Trustees who served during the year and up to the date of signature of the financiol statements were..
Father Christopher Newman
Father Paul Smyth
Father Carlos Candelas
Father Manuel Segura
Father Phllllp Blandford
Father Joseph Kallhula
Father Bijaya Nayak

CLARETIAN MISSIONARIES TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Recruitment and appointment of trusttès
Appointment of Tru$taas
The office bearers, the Chairman of the Board of Trustees, the Hon Treasurer and the Hon General Secretary of
the Charity are appointed by Ihe Executive Committee. Nominations for new Iruslees are initially considered by
The Chairman, following which they are voted upon by Ihe Board of Trustees and only then are formally ratified. All
Iruslees glve their time freely.
The Iiustees wish to record their recognition of the professionalism and commitment of the Individual members of
the Congregatlgn, and the volunteers who have given their lime to the charity within the individual parishes over the
past year and who have provided invaluable asslsiance.Their dedI￿allOn and posiliva approach are much
appreclalad.
Relationship with related parties
Nong of our trustees receive remuneration or othèr b&n&lil from their work with the charity. Any connection beiween
a trustee or sanior management of th8 charity with a provider ol seNice, production company, contractor actor,
perfomer or exhibitor musl be disclosed lo the ILJII board of trustees in the same way as any other contractual
relationship with a related party. In the current year no such related party transactions were reported.
The Trustees report was approved by the Board of Trustees.
Falher Paul Smyth
Trustee
24 Novambar 2025

CLARETIAN MISSIONARIES TRUST
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are responsible for preparing the Trustees Report and the financial statements in accordancè with
applicable law and United Kingdom AccounlSng Standards {United Kingdom Generally A￿pIed Accounting
Praclicel.
The law applicable lo charities in England and Wales requires the TTuslees to wepare financial stalemgnls for each
financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resour¢gs and
application of resources of the charfty for that year.
In preparing these finanual slalemenls, the Trustees are iequired lo..
select suitable accounting policies and then apply them consistently.,
observe the methods and prlnclples the Charities SORP-
make judgements and estimates that are reasonable and prudent..
slate whether applicable accounting standards have been followed, SLJblecl to any material departures dis¢losed
and explained in the financial slat8m8nts', and
prepare the financial statements on the going ¢oncem basis unless il is inappropriate lo presume that the d)arily
will continue in operats'on.
The Trusle6s ar8 rasponsible for keeping sufficient accounting records that disclose with reasonablts accuracy al
any time the financial position of the charity and enable them to ensure that the linancial slalements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity ar￿ hence for taking reasonable steps for the
prevention and detO¢tion of fraud and other irregularities.
10-

CLARETIAN MISSIONARIES TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CLARETIAN MISSIONARIES TRUST
Opinion
We have audll&d the financial slalemenls of Clarelian Missionaries Trust (the 'charily'l for the year ended 31
December 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows
and notes to the financial slalemenls, induding significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Repotting Standard 102 The FinanGial Reporting Slandartl applicable in the UK and Republic of I￿land
{Uniled Kingdom GenerallyAccepled Accounting Practice}.
In our opinion, the financial statements..
giva a true and lair view of the stal8 of the charity's affairs as al 31 Do¢8mber 2023 and of ils incoming
resources and application of resources. for the year then ended..
have been properiy prepared in accordance with United Kingdom Generally Acceptgd Accounting Practica.,
and
havo been prepared in accordance with the Charib'es Act 2011.
Basls for opinion
We conducted our audit in a¢cordance with International Standards on Auditing {UKI {ISAs IUKII and applicable
law. Our responsibilities under those standards a￿ further described in the Audilorfs r8sponsibililies for the audit of
the financffal statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of thè financial statemènts in the UK, including the FRC'S Ethical
Standard, and we have fulfilled otjr other ethical responsibilities in accofdance with these requirements. We believe
that the audit gvidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalem8nts, we have concluded that the Tnjstees use of the going concern basis of
accounting in thè preparation of th8 financial slalements is appropriate.
Based on the work we have performed. we hav6 nol identified any material uncertainlies relating lo events or
conditions that, individually or collectively. may cast significant doubl on the charity s ability to continue as a going
concern for a period of al least twelv8 months from when the financial statements are aulhorised for issu8.
Our responsibilities and the responsibilities of the Trustees with respect lo going wn¢em are described in the
relevant sedions of this report.
Othèr Infomiation
The other informalK)n cornprises the information included in the annu81 report other than the financial slat¢ments
and our audilorfs report Ihereon. The Trustees are responsible for the other information contained wilhSn the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
ol assuranc8 condusion Ihereon. Our responsibility is to read the other information and, in doing so, consider
whether th8 Other information is materially inconsistent with the flnancial slalemenls or our knowledg8 obtained in
the course of the audit, or othen￿lSe appears lo be materially misstated. If we idenlfy such material Inconsislencjes
or apparent material misslalemenls. we are required lo determine whether this gives rise to a material misstalemenl
in the financial slalements themselves. If, based on the work we have perfomed. we conclude that there is a
material misslalemenl of this other info¥malion, we are requir8d lo report that fact.
We have nothing lo report in this regartl.
Matters on which we are requlrod to report by èxeeption
We have nothing lo report in respect of the following tnatt8rs in relation to which the Charitles {Accounls and
Reports) Regulation$ 2008 requires us lo report lo you if, in our opinion..
the infoimalion given in the financial statements is inconsistent in any material respect with the Trustees
report., or
Sufficient accounting records have not been kept. or
the financial statements are not in agreement with the a¢¢ounling records,. or
we hav8 nol received all Ihg information and explanations we require for our audit.

CLARETIAN MISSIONARIES TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CLARETIAN MISSIONARIES TRUST
R•sponslbilititr$ of Trustees
As explained more fully in th8 Statement ol Trustees responsibilitiès, Ihe Trustees are responsible for tho
preparation of the financial statements and for being satisfied that they give 8 true and fair v¢ew, and for such
inlemal control as the Trustees delermine is n$cessary lo enable the preparation of financial stalernenls that ale
free from material misstatement, whether due to fraud or error. In preparing the financial slalemenls. the Trustees
re responsible for assessing the charity's ability lo continue as a going COn￿rn, disclosing, as applicable, mallers
related lo going concern and using the going concern basis of accounting unless the Trustèès either intend lo cease
operations. or have no realistic alternalive but to do so.
Auditor's responsibilitiès for thè audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in a(Lordance with the
Act and Ttrlevanl regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statèm8nts as a whole are free from
material misslalemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul 1$ not a guarantee Ihal an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when il exists. Misstalemenls Can arise from fraud or
error and are considered material if, indivrdually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on thè basis of these financial statements.
The exlenl lo which our Procedures are capable of delecling irregularities, including fraud. is detailed below.
A further description of our responsibilities is availabl& on the Financial Reporting Coundl's website al= https'.11
www.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report.
Other matters
Your attention is drawn lo the fact that the charity has prepared financial slalemenls in accordance wlh "Accounting
and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing th8ir accounts in
a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. las
amended) in preference lo the Accounting and Reporting by Charities= Slalement of Recommended Practice issued
on 1 April 2005 which is referred to in the exlanl regulations but has now been withdrawn.
This has been done in order for the finanaal slalemenls lo provide a true and fair view in accoidan¢e with current
Generally Acc6pled Accounting Practi￿.
Use of our report
This report is rNade solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities lAC￿unIS
and Reports) Regulations 2008. Our audit work has been und8rtaken $0 that we might slate to the charity's Iruslees
Ihos9 matters we are required lo slate lo them in an auditor's report and for no other purpose. To the full&yt exlenl
permitted by law, we do not accept or assume responsibilily to anyone other than the charity and thg Charity's
Iruslees as a body, for our audit work, for this report. or for the opinions we have formed.
Harsheel Dodhia {Senlor Statutory Auditor)
For and on behalf ol KLSA LLP. Slalulory Auditor
Charte￿d A¢¢ounlants
Kalamu House
11 Coldbalh Square
London
EC1R 5HL
24 November 2025
12

CLARETIAN MISSIONARIES TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CLARETIAN MISSIONARIES TRUST
KLSA LLP is eligible for appointment as auditor of the charity by virtue of its eligibilily for appointm8nl as auditor of a
company under section 1212 of the Gompanles A¢1 2006.
13-

CLARETIAN MISSIONARIES TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestri¢ted Restricted
funds
funds
2023
2023
Total Unrèstri¢ted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from=
Donations and legaaes
Charitable activities
132.065
475.137
15,084
147,149
475,137
156,430
414,418
35,327
5,500
191.757
419,918
Total Income
607,202
15,084
622.286
570,848
40.827
611.675
Expenditure on-
Raising funds
Charitable activities
4,590
612,757
4.590
644.356
758,576
16,832
775.408
31,599
Total expenditure
758,576
16,832
775,408
617.347
31,599
648,946
Nel gainslllosses} on
investments
11
90.000
90.000
Net incomellexpendituro}
(151,3741
{1,7481 1153,122)
43,501
9,228
52.729
Transfers between
funds
799
{799}
1551
55
Net movement in
funds
1150,5751
{2,5471 1153.1221
43,446
9.283
52,729
Reconeiliation af funds..
Fund balances al 1 January
2023
3.481,344
166,591 3,647,935
3,437.898
157.308 3.595.206
Fund balan¢e$ at 31
Deeèmber 2023
3.330,769
164,044 3,494,813
3,481,344
166,591 3.647,935
The statement of financlal 8clivi11&8 in¢ludes all gains and losses recognised in the year. All income and expenditure
derive from ¢onllnLJing aclivilies.
14-

CLARETIAN MISSIONARIES TRUST
BALANCE SHEET
ASAT 31 DECEMBER 2023
2023
2022
Notes
Flxèd assets
Tangible assets
Investment property
13
14
1,005,359
950,000
1.044.072
950,000
1,955,359
1.994,072
Current a$sèts
Debtors
Cash al bank and In hand
15
35,417
1.687,088
1,606,7L15
1,606,705
1.722.505
Cred5tors: amounts falllng due wlthln
one year
{67,2511
168,642}
Not currènt assets
1.539.454
1,653,863
Total assets les$ current liabilities
3,494,813
3,647.935
The funds of the ¢harlty
Reslricled income funds
Unreslricled lunds
17
18
164.044
3.330,769
166.591
3,481.344
3,494.813
3.647.935
The finanaal slate
ents were approved by the Trustees on 24 November 2025
Father Paul Smyth
Trustee
15-

CLARETIAN MISSIONARIES TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from opèratlng a¢tivltl¥$
Cash (absorbed byygeneraled from
operations
21
180,383}
21.014
Investing activities
Purchase of tangible fixed assets
{8.9921
Net cash usèd in invasting aetiviti•s
{8,992}
Not cash generated from financing activities
Net Idecreasellincrease in cash and cash
equivalents
180,383}
12,022
Cash and ¢Bsh equivalents at beginning of year
1.687.088
1,675,066
Cash and cash equivalents at end of year
1,606,705
1,687.088
16-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ountlng policies
Charity information
Claretian Missionaries Trust is a charity established and governed by the Iruslees deed. The registered offi
is The Towers, High Street, Buckden, St Neols, Cambrdgeshire PE19 STA
1.1 A¢¢ountlng convention
The financial slalements have been prepared in accordance with the ¢harity's governing docurntsnl, the
Charities Act 2011, FRS 102 'The Financial Reporting Standard appli¢ab1e in the UK and Republic ol Iraland"
and the Charities SORP "Awunling and Reporting by Charitias: Statement of Recommended Practice
applicable lo ¢horibes preparing thei¥ accounts in accordance with the Financial Reporting Standard
applicable in Ihts UK and Republic of Ireland (FRS 1021 The charity is a Public Benefit Entity as defined by
FRS 102.
The financial slalemtsnls have departed from the Charities (A￿Unts and Reports) Regulations 2008 only lo
the exlenl required lo piovide a true and fair view. This departure has involved following the Slaternent of
Recommended Practice for charilies applying FRS 102 rather than Ihe version of the Slalemenl of
Recommended Pra¢lice which is referred lo in the Regulations bul which has since b8en withdrawn.
The financial statements are prepared in sterling. which is the functional currtsncy of thè entity
The financial stalemants have been prepared under tha hislorical cost convention, Imodilied to include the
Tevalualion of freehold properties and lo include investment properties and certain financlal Instruments at fair
valuel. The piincipal a¢counting policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial slalemenls, the TTUStees have a reasonable expectation that tha Charity
has adequate restsurces to wntinue in operational existence for the foreseeable future. Thus the Trustees
continue lo adopt the going con¢ern basis Df accounting in preparing tha financial slalemenls.
1.3 Charitable fund5
Unreslricled funds are available for use al the dIS￿lI0n of the Trustees in furtheraneé of thèir charitable
objecllv8s.
Restricted funds are subject lo specifi¢ conditions by donors or grantors as lo how they may be used. The
purposes and uses of the reslricled funds are set out in the notes lo the fSnan¢lal ststernenls.
1.4 Income
Income is recognised when the charity is legally enlilled lo il after any performance conditions have been met.
the amounts can be measured reliably. and il is piobable that income will be received.
Cash donations are recognised on recelpl. Other donations are recognised on¢8 the charity has been notified
of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has betsn notified of an irnpending dislribulion.
the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a
¢onlingenl asset.
17-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng poll¢los
(Continued)
Incoma from Ihe operation of the charily's retreat centre is recognised l() the exlenl that il is probabl8 that the
economic benefits will flow lo the charity and the rev&nue can be reliably measured. 11 is measured as the fair
value of the eonsideralion ￿ceiVed or receivable excluding any relevant discounts.
Trading income r8pr8senls the income of the charills Clarelian Oasis cen￿ together with rental income from
the lelling of surplus space within the functional property sllualed al Buckden. Oasis Centre income includes
income from operating a restaurant and bar, together with venue hire and related ¢altsring. Trading income is
measured as the fair value of the consideration received or rgceivable exduding any relevant discounts
Interest income is indudgd whgn receivable and the amount can be measured reliably by Ihe charity., this is
normally upon nolificalion ol the inlertssl payable by the bank.
Rental income is recognised to Ihe extent that il is probable that the economic benefits will flow lo the charity
and the revenue can be measured reliably. 11 is measured al fair value and accounted for on an accruals
basis.
1.5 Expendlture
Expenditure is recognised once there is a legal or consliuclive obligation lo transfer economic benefit lo a
third party, it is probable that a transfer of economic benefits will be r6quired in settlement. and th8 amount of
the obligation can be measured reliably.
Expenditure is classified by aclivily. The cosls of each activity are made up of the total of direct ¢0sls and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
aetivily are allocated directly lo that actSVity. Shared costs which contribute lo more than one a¢livily and
stjpport costs which are not allributable to a single activity are apportioned between those activities on a basis
¢onsislenl with the use of resources. Central staff costs are allo¢ated on the basis of timts spent, and
dtsprecialion charges are allocated on the ports.on of the asset's uso.
Expenditure on raising funds includes all trxpendilure associated with raising funds for the charity. This
includes fees and expenses associated with the management ol thè charity's investment properties.
Expenditur8 on charitable activities includès all costs associated with furthering the charitable purposes of the
charity through the provision of ils charitable a¢livilies. Such costs include charitable donations and grants.
costs in respect lo the support ol members of the Congregation and enabling their ministry. and ¢osls of
rLJnning the tharily's relreal cenlre.
Expenditure on trading activities includes all ¢osls associated with the day-lo-day running of the ClaTetian
Oasis CentrB. Such costs include staff costs, costs of catering. depreciation, and other associated ¢osls of
running the ¢enlre
Charitable 9ranls and donations are made where the trustees consider there is real need followng a reviaw of
the details of each particular case and comprise single year payments lather than mulli-year grants. Grants
and donations are in¢luded in the slalemenl of financial a¢livilies when approved for payment. Provision is
made for grants and donations approved
bul unpaid al the period end.
Expenditure includes allributable VAT in the instan￿S that il cannot be recovered
18-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢eounting policies
(Continued)
Supw>rt costs represgnt indirect charitable expenditure lo enable the members lo carry out the primary
purposes of the Charity it is necessary lo provide SUPPK>rt in the form of financial procedures. provision of office
seNices and equipment and a suitable working environment.
Support costs rnclude 9ovemance Costs comprising the ¢osls involving the public accountability of the charity
(including audit ¢ostsl and costs In respect lo its Compliance with regulation and good practice
Support costs are apportioned using percentages based on the expenditure incurred on the main activities of
the charity.
1.6 Tanglblè fixed assets
Tangible fixed as58ts are initially measured at cost and subsequently measured al cost or valuation. net of
depreciatson and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on Ihe following bases..
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Computers
Motor vehicles
1 % per annum on sliaighl line basis
10Q/• per annum on straight line basis
20°/o per annum on slraighl line basis
200/0 per annum on slraighl line basis
200/0 per annum straight line basis
The gain or ltsss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial aclivitigs.
As permittsd under FRS 102, the charity has adopted a policy of not revaluing its tangible fixed assets.
Tangible fixed assets are stated al an historic valuation which has been taken to be deemed cost under the
transitional arrangements of FRS 102. The charity's property, a heritage sile with scheduled monum8nl status.
Other tangible fixed assets which have been ful￿ deprecAaled are written out of the accounts as their nel
realisable value is considered lo be negligible
1.7 Investmant property
Investment properly, which is proporty held lo earn rentals andlor for capital appreciation, is inllially
recognised al cost, which indude5 the purchase cost and any directly attributable expèndilure. Subsequently
it is measured at fair vaSue at the reporting end dale. The surplus or deficit on revaluation is recognised in
profit or loss.
Properties held for investment purposes are included in these accounts al fair value based on open market
value with vacant possession. The valuation has been dtstermined by th6 trustees, with professional
assistance.
1.8 Impaimiènt offixed a$￿ts
At each reporting end date. the ¢h0rily reviews the Carrying amounts of its tangible assets to determine
whether there 15 any indication that those assets have suffered an impairment loss. 11 any such indication
oxists, the recoverable amount of the asset is eslimaled in order lo determine the exlenl of the impaiimenl
loss lif any).
19-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid
invèstments with original maturitie5 of three months or less, and bank overdrafts. Bank ovèrdrafts are shown
within borrowings in current liabilities.
Cash at bank and in hand represents such accounts and instruments that are available on demand or havg a
malurily of less than three months from the date of acquisition. Deposits for more than three monlhs bLJI less
than one year have been disclosed as short term deposits
1.10 Flnanclal Instrumènts
The charity has elected lo apply the provisions of Section 11 'Baslc Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sh8el when the charity becomes party lo tha
contractual provisions of the inslrumenl.
Financial assets and liabililies are offset. with the nel amounis prestrnled In the financial slalemenls. when
there is a legally enlorceable right lo sel off the recognised amounts and there is an intention lo settle on a not
basis or lo ¥ealise the asset and sellle the liability simultan60LJgly.
8asl¢ flnan¢lal assets
Basic financial assets, which include deblors and cash and bank balances, are initially measurod al
transaction pri￿ including Iransaetion costs and are subsequently carried al amoth'sed cost using the èff@clive
interest method unless the arrangement ¢onslilules a financing Iransaclion, where the transaction is
measured al the present value of the future recelpls dls¢ounled al a market rale of interest. Financial assets
Classified as recoivable within ontr year ar8 nol amortised.
Basic financial liabililies
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constilules a financing Iran5aclion, where the debt instrument is measured al the present
value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable
within ono year are not amortised.
Debt inslrumonls are subsequenlly ¢arrigd al amortised cost, using the effective inleresl rale method.
Trade creditors are obligations lo pay for goods or 5erwces that have been acquired in the ordinary course of
opèralions from supplièrs. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. TraLfe creditors are recognised initially al
transa¢tion price and subsequently measured at amortisgd cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's conlradual obligations expire or are discharged or
cancelled.
1.11 Employee btnefit$
The eost of any unused holiday entillemenl is reeoynisèd in the period in which the employee's servicès arg
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo terminate the employment of an employee or lo provide taminalion benefits.
20-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Crltlcal accounting e5timat•$ and judgements
In the application of the charity's accounting policies, the Trustees are requir8d to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and assoaaled assumptions are based on historical experienco and other
factors that are considered to be relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are rewewed on an ongoing basis. Revisions to accounting
estimates are re¢ognised in the period in which the estimate is revised where the revision affects only that
period, or in tha p8riod of the revision and future periods where the revision affects both Current and future
periods.
Income from donations and legacies
Unr¢$trlctèd Rgstricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Donations and gifts
Legacies
Collections and offertory
Pensions and other
income of indiwdual
religious received undèr
deed of covenant
Other amounts receivable
from parishes
administered by the
Charity
75.033
15,084
90.117
54,858
7,540
29,511
35,327
90.185
7,540
29,511
6,813
6,613
40,639
40,639
47,163
47,163
9,780
9,780
17.358
17.358
132,065
15.084
147.149
156,430
35.327
191,757
21

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charitable activities
Unrestrlcled R•stricted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Charltable activltles
Ministry Income
Rglreal hous$ and
Related income
126,048
126.048
134.241
134,241
87,620
87,620
79,500
79.500
Tradlng actlvltl•s
Clarelian Oasis Centre
and related income
Charitable rental income
195,$67
5.344
19S,567
5.344
144.685
7.200
144,685
7.200
Investments & Interest receivable
Inler8sI receivable
31,534
Rental Income from
Investment properties
31,534
7.372
7.372
29,024
29.024
31,910
31.910
Prolact grant
Historic England
restoration project grant
5,50Q
5,500
Miscelleneous Income
Other income
9,510
9,510
475,137
475,137
414,418
5,500
419,918
Expendlture on ralslng funds
Unrestricted Unrgstri¢ted
funds
funds
2023
2022
Fundraising and publicity
Investment property expenses
4,590
22-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Exp8nditure on charitable activities
Support of Rètrèat and Trading at Donatlons Restoration
members Conference
Claretian and Support
Project
Oa51S
missions
grantèd
centre
2023
Total
2023
2023
2023
2023
2023
Dirè¢t costs
Staff costs
Premises
Food and Supplies
Living and Personal costs
Travel, Vlsas and motor
expenses
Edu¢ation and Formation
Medical
Printing, Stationary &
Telephone
Other adminislralive costs
Contribution- Provincial
Contribution- Overseas
Resloralion Project
Deweciation
10,131
11,179
40,758
24,428
41,400
97.339
9.879
247.116
16.510
102,014
298,647
125,028
152,651
24,428
18,851
8,655
2,242
2,372
21.223
8,655
2,242
9,071
9,071
5,176
43.385
10,521
7,710
20.585
5,176
43.385
10,521
7,710
20.585
116,244
160,061
391.401
53,906
7.710
729,322
Sharo of support and governance ¢o$ts Is•0 note 71
Support
10,878
18.700
16.508
46.086
127,122
178,761
407,909
53.906
7.710
775.408
Analysis by fund
Unreslricled funds
R&stri¢led fLJnds
125,692
1,430
175,880
2,881
407,909
41.385
12.521
7,710
758.576
16.832
127,122
178,761
407.909
53.906
7,710
775,408
-23-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendltur¢ on ¢haYltablo actlvltlos
(Continued}
Previous year:
Support of Retreat and Trading at Donations Restoration
mgmbers Conference
Claretian and Support
Project
Oasis
missions
granted
Centre
2022
Total
2022
2022
2022
2022
2022
Dlrect costs
Staff costs
Premises
Food and Supplles
Living and Personal costs
Travel. Visas and motor
expenses
Education and Formallon
Medical
Printing, Slalionery &
Telephone
Other adminislralive costs
Contribution- Provincial
Contribution- Overseas
Resloralion Project
Depreciation
8,868
4,148
15,728
22,919
23,671
65.028
8.402
202,060
9,587
101.889
234.599
78.763
126,019
22.919
10,543
9,150
1,242
3,643
14.186
9,150
1,242
4,690
4.690
6,482
40,669
22,007
9,393
20.585
6.482
40,669
22.007
9,393
20.585
72.598
105,434
340,603
62,676
9,393
590,704
Share of support and governance costs Ise• note 71
Support
15,676
16,824
21.152
53,652
88,274
122,258
361,755
62,676
9,393
644,356
Analysis by fund
Unrestricted funds
Restricted funds
85,288
2,986
121,152
1,106
361,755
40,669
22.007
3,893
5.500
612,757
31.599
88.274
122.258
361.755
62,676
9,393
644,356
24-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs allocated to a¢tivitios
2023
2022
Depreclation
Prinling,slalionery and telephone
Other
Depreciation (direct costs)
Audit and Professional fees
38,714
5,803
14,655
{20,5861
7,500
42,029
5,103
5,232
120,5851
21.873
46,086
53,652
Analysed between-
Support ol members
Retreat & Conference
Trading al Claretian Oasls Centr8
10,878
18,700
16,508
15,676
16,824
21.152
46,086
53,652
Net movement In funds
2023
2022
The nel movement in funds is slated after d)argingll¢rediling}'.
Fges payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
7,500
38.714
21,873
42,029
Truslees
None of the Trusltstrs (or any persons connected with them) received any remuneration or benefits from the
charity during the ygar.
10 Employees
Thg average monthly number of employe8s during the ygar was..
2023
Number
2022
Number
17
Employment costs
2023
2022
Wages and salaries
298,647
234.599
There were no employ88s whose annual remuneration was more than £60,000.
-25-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2023
2022
Gainslllosses} arising on..
Rèvaluation of inveslmenl properties
90.000
12 Taxatlon
The charity is exempl from laxalion on ils aclwilies because all its incom8 is applied for ¢h8rilable purposes.
13 Tangible fixed assets
Freehold land
Léasehold Flxtur8s and
and buildiny$ Improvements
flttlngs
Computer5
Motor
vehicles
T•tal
Cost
Al 1 January 2023
1,000,000
64.378
130.175
3.689
47.556 1,245,798
Al 31 Decgmber 2023
1,000.000
64,378
130,175
3,689
47.556 1.245.798
Depreciation and
impairment
At 1 January 2023
Depreciation charged in tha
year
70,000
12,386
72,842
1,076
45.421
201,725
10,000
6.438
20,374
738
1,164
38,714
Al 31 December 2023
80,000
18.824
93,216
1.814
46,585
240.439
Carrylng amount
Al 31 December 2023
920,000
45.554
36,959
1.875
971
1,005.359
At 31 December 2022
930,000
51,992
57,332
2,613
2,135 1,044,072
14 Inv8stm8nt property
2023
Falr valuè
Al 1 January 2023 and 31 December 2023
950.000
Investment properties comprise three residential properties owned by the charity. These are included in the
accounts at fair value based on open market value with vacant possession. The valuation has been
determined by the trustees, with professional assistan￿. No information is available ol the historic cost of the
properties.
-26-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Debtors
2023
2022
Amounts falllng duo wlthln one ygar:
Trad8 d8blors
Olher deblors
Prepayments and accrued income
1,447
30.935
3.035
35,417
16 Creditors: amounts falling due within one year
2023
2022
Other tsxalion and soclal se¢urKy
Tr8dg creditors
Other credilors
Accruals and deferred income
59.751
28.475
2.684
7.515
29.968
7.500
67,251
68,642
17 Restrlcted funds
The reslricled funds of the charity comprise the unexpended balancès of donations and grants held on trust
subject lo specific conditions by donors as lo how they may be used.
At 1 January
2023
Incoming
resources
Resources
expended
Tran$f&rs
At31
Dèc•mbar
2023
Mission fund
Clergy fund
Training fund
Othèr
85
163.029
13,654
112,5211
{7991
419
163.029
1,430
11,4301
12,8811
3.477
596
166,591
15,084
116,8321
{7991
164,044
27-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 R*strlcted funds
{Contlnuèdl
Prevlous y•ar:
At 1 January
2022
Incomlng
rasourcas
Resources
expended
Transfers
At31
Dè¢èmb&r
2022
Mission fund
Clergy Fund
Training Fund
Friends ol Buckden Tower fund
Historic England grant fund
Other
22,037
5,721
2,986
500
5,000
4,583
122,0071
85
163,029
157.308
12,9861
{500}
15,000}
11,106}
3.477
157.308
40,827
131,599}
55
166,591
18 Unrestricted funds
The unr&slricled funds of the charity cornprise Ihe unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purposes.
At 1 January
2023
Incoming
rèsources
Resources
expended
Transfors
Galns and
At31
Doc•mbèr
2023
General funds
3,481.344
607,202
1758,5761
799
3,330,769
Previous yèar: At 1 January
2022
Incoming
resourcès
Resourcas
èxpended
Transfors
Gains and
losses
At31
Decernber
2022
General fvnds
3,437.898
570,848
{617,3471
155)
90,IX)O
3,481.344
19 Analysis of net as$et$ bètween funds
Unrèstricted
funds
2023
Restricted
fund$
2023
Total
2023
At 31 Dècèmber 2023:
Tangible assets
Investment properties
Current asselsllliabilitiesl
1,005,359
950,000
1,375,410
1.005.359
950,000
1,539,454
164,044
3,330,769
164,044
3.494.813
-28-

CLARETIAN MISSIONARIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Analys1$ of net ass*ts bètwe•n funds
(Continued}
Unrestricted
funds
2022
Rastrlcted
funds
2022
Total
2022
At 31 December 2022:
Tangible assets
Inv881menl prop8rties
Current assetsl{liabilitiesl
1.044,072
950,000
1.487,272
1.044,072
950,000
1.653,863
166.591
3,481,344
166.591
3.647,935
20 Related party transactlons
There were no disclosabl& rèlated party Iransaclions during the year {2022- none).
21 Cash {absorbed byllgenerated from operation$
2023
2022
(Deficilysurplus for the year
(153,1221
52,729
Adjustmènts for..
Fair value gains and losses on investment properties
Depreciation and impairment ol tangible fixed assets
190.0001
42,029
38,714
Movements in working capital:
Decreasellincreasel in debtors
(Decreasellincrease in ¢redilors
35,417
{1.3911
118.340}
34,596
Ca$h (absorbed by)Igenerated from operations
{80.3821
21,014
22 Analysls of changes In net funds
The charity had no material debt during the year.
-29-