Charity registration number 246343 (England and Wales)
CARITAS CHRISTI
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CARITAS CHRISTI
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees S Sowls P Sweet F Wraith Charity number (England and Wales) 246343 Independent examiner P. J. Taylor F.C.A Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG
CARITAS CHRISTI
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 10 |
CARITAS CHRISTI
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
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 Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
The charitable objective of the charity is to work for the glory of god by seeking to live a life of Christian perfection in the midst of the world. To form and give to the church laywomen in every condition of life you will combine the contemplative and apostolic life.
The trustees report the receipt of a significant legacy in the year in the sum of £77,385, and are considering ways in which to use this money to benefit the church laywomen by offering retreats.
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
Caritas Christi is a registered unincorporated charity whose governing instrument is a constitution dated 19 March 1955.
None of the trustees have any beneficial interest in the charity.
The trustees who served during the year and up to the date of signature of the financial statements were: S Sowls
P Sweet F Wraith T Maiden (Deceased 31 October 2024)
Recruitment and appointment of trustees
Trustees are recruited and appointed at the discretion of trustees in office at the moment when the invitation is accepted.
The trustees' report was approved by the Board of Trustees.
P Sweet
Trustee
9 October 2025
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CARITAS CHRISTI
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARITAS CHRISTI
I report to the trustees on my examination of the financial statements of Caritas Christi (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
P. J. Taylor F.C.A
Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG 9 October 2025
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CARITAS CHRISTI
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 79,020 3,140 Charitable activities 4 455 - Total income 79,475 3,140 Expenditure on: Charitable activities 5 2,992 3,960 Total expenditure 2,992 3,960 Net income/(expenditure) and movement in funds 76,483 (820) Reconciliation of funds: Fund balances at 1 January 2024 1,228 1,586 Fund balances at 31 December 2024 77,711 766 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 82,160 1,985 3,010 455 1,682 - 82,615 3,667 3,010 6,952 6,540 3,780 6,952 6,540 3,780 75,663 (2,873) (770) 2,814 4,101 2,356 78,477 1,228 1,586 |
Total 2023 £ 4,995 1,682 6,677 10,320 10,320 (3,643) 6,457 2,814 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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CARITAS CHRISTI
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Current assets Cash at bank and in hand Net current assets The funds of the charity Restricted income funds 9 Unrestricted funds 10 |
2024 £ 78,477 |
£ 78,477 766 77,711 78,477 |
2023 £ 2,814 |
£ 2,814 |
|---|---|---|---|---|
| 1,586 1,228 |
||||
| 2,814 |
The financial statements were approved by the trustees on 9 October 2025
P Sweet Trustee
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Caritas Christi is an unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once 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 Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required 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 associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 1,635 3,140 Legacies 77,385 - 79,020 3,140 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 4,775 1,985 3,010 77,385 - - 82,160 1,985 3,010 |
Total 2023 £ 4,995 - |
|---|---|---|
| 4,995 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Charitable activities | ||
| Caritas Christi history books | - | 41 |
| Visits to members | 280 | - |
| NCSI | 175 | - |
| Celebration | - | 20 |
| General Assembly | - | 1,621 |
| 455 | 1,682 |
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
5 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| National Council meetings | 1,935 | 2,161 |
| General Assembly | - | 3,703 |
| Stationery & website | 80 | 293 |
| Priest Assistant stipend | 200 | 200 |
| Mass stipend | 20 | 10 |
| Bank charges | - | 5 |
| Visits to members | 582 | 100 |
| Celebration | - | 68 |
| NCSI | 175 | - |
| Retreat | 3,960 | 3,780 |
| 6,952 | 10,320 | |
| Analysis by fund | ||
| Unrestricted funds | 2,992 | 6,540 |
| Restricted funds | 3,960 | 3,780 |
| 6,952 | 10,320 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
9 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. The restricted fund is for donations received for retreats.
| At | 1 | January | Incoming | Resources | At 31 | |
|---|---|---|---|---|---|---|
| 2024 | resources | expended | December | |||
| 2024 | ||||||
| £ | £ | £ | £ | |||
| 1,586 | 3,140 | (3,960) | 766 | |||
| Previous Year: | At | 1 | January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |||
| 2023 | ||||||
| £ | £ | £ | £ | |||
| 2,356 | 3,010 | (3,780) | 1,586 |
10 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 January | Incoming | Resources | At 31 | ||
|---|---|---|---|---|---|---|
| 2024 | resources | expended | December | |||
| 2024 | ||||||
| £ | £ | £ | £ | |||
| General funds | 1,228 | 79,475 | (2,992) | 77,711 | ||
| Previous Year: | At | 1 January | Incoming | Resources | At 31 | |
| 2023 | resources | expended | December | |||
| 2023 | ||||||
| £ | £ | £ | £ | |||
| General funds | 4,101 | 3,667 | (6,540) | 1,228 | ||
| 11 | Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| At 31 December 2024: | ||||||
| Current assets/(liabilities) | 77,711 | 766 | 78,477 | |||
| 77,711 | 766 | 78,477 |
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CARITAS CHRISTI
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 11 | Analysis of net assets between funds | (Continued) | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| At 31 December 2023: | ||||
| Current assets/(liabilities) | 1,228 | 1,586 | 2,814 | |
| 1,228 | 1,586 | 2,814 |
12 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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