CHARITY REGISTRATION NUMBER: 252222
The Community Trust of the Blessed Virgin Mary
Unaudited Financial Statements
31 December 2024
HA
Chartered accountants
168 Church Road
Hove
East Sussex
BN3 2DL
UN
ED

The Community Trust of the Blessed Virgin Mary
Financlal Statements
Year ended 31 December 2024
Page
Trustees. annual report
Independent examiner's rewrt lo the trustees
Statem6nt of financial activities
Statement of financial position
Notes to the financial stalements

The Community Trust of the Blessed Virgln Mary
Trustees, Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial stalemenls ol the charity lor ihè year
erKled 31 December 2024.
Reference and admlnlstrative detalls
Registered charity nam8
The Cofflmunty Trust ol the Blessed Virgin Mary
Charity reglstrallon number
252222
Principal offlce
9 Russell Place
Brighton
BN12RG
The truslees
Avway
T Foot
AGPeel
Flev R 8 Tus8t
C Phelan
T Potter
R A Milchener
J M R Prichard MA MBA
(Rosigned 31 December 2024)
IAppoinled 17 October 20241
(Appointed 17 October 20241
Independent examiner
P Tuffin- UHY Hacker Young IS.E.l Limited
168 Church Road
Hove
East Sussex
BN3 2DL
Structure. govemance and management
Community Trust ol th& Blessed Virgin Mary is an unincorporated body governed by a Scheme rnade
by the Charity Commissioners for England and Wales dated 16 Novgmber 2007.

The Community Trust of the Blessed Virgin Mary
Truslees, Annual Report fcorJtlntJ8d)
Year ended 31 December 2024
Oblectlves and activities
The Trust's objectives are lo advance the ieligious and other charitable work of the Ghurch ol England
parishes within Brighton and Hove connected with ihe Reverend Arthur Douglas Wagner., lo advan
thg religious and olhei educational work of the Church ol England Voluntary SchrM)Is in Brighton and
Hove., lo relieve children and young people in Brighton and Hove in need by reason of ill health,
disability or financial hardship,. and lo further any other char¢table purpose lor the beneth ol the
inhabitants of 8righlon and Hove as thg trustees decido.
Publlc beneflt
The Trustees have paid due regard to guidan¢@ issued by the Charity Commission in deciding what
activf(ies the Trust should undertake.
Actlvltle5
The charitys main activities arè grant making to other charities and organisations in the Brighton and
Hov& area, particulady those involving impoverished or disadvantaged women and chlldren, and the
local Church ol England Primary Schools.

The Community Trust of the Blessed Virgin Mary
Trustees, Annual Report (coniinued)
Year ended 31 December 2024
A¢hievernents and performance
2024 was a year ol consolidation lor the Trust. As rewrted last year the Revd Stèven Foster joined as
C18rk lo the Trustees and sellled in immedia161y slr¢ngthening all adminislralivg aspect8 ol the Trust's
acliMIy.
Sadly, al the spring m&eling both Lucy Ruller and Flhr Ben Eadon offered their resignations. Lucy has
developed her business and fell she might not have lime lo devote lo the Trust as she would like. Fihr
Ben had been appointed Shrine Administrator al Walsingham $0 would be leaving Biighlon later in the
year. Both wer& thanked lor their especial contribution lo th& Trust and the recipients of grants.
One of the longest standing Irustees Tony Foot who had served Ihg Trust for some 48 years dec￿ed
not lo seek reappoinlmenl. Tonys memory of Ihe early days and foundation ol the Twst are invaluabte
lo the history of the ComrrTrunity's contribution to Brighton and Hove. He was asked to commit them lo
paper lor the Trust's archive. The Trust. local organisations and thousands ol individuals owe Tony a
huge debt for his gift of time. experi8nce and expertise. His wise and knO￿edgeab1e counsel wll be
sorely missed.
Two new Iruslees were identified and invited to attend a Iru51ees' meeting to see whether they would
be inleiesled in joining.
Our regular twice-yearly meetings of trustees lo consider applications continued. During the year,
grants were agreed for..
Brighton Women's Cenlre.. £3,500 lor three years totalling £10,500..
Community Advice SeNice Education ICASEI.. a one-ott grant of £1,000." Good New5 Brighton..
awarded £3,000 lor three years amounting lo a £9,000 eommilment." St Luke's Athice Service..
awarded a total 01 £14,000 representing £3,500 a year for four two years. Sl Paul's CofE S¢hotsl..
awarded £3,500.
Parish Christmas grants lo allow paiish clergy lo otter help lo children, famllies and rndividuals at a
lime when financial pressure may be al ils most intense werp taken up through a number of parishes
mainly in Brighton Deanery.
General grants to Church schools, especially those associated with our founder, Father Wagner, were
welcomed by the schools. Further work was undertaken in designing an application form lor schools
lo use for specific piojects planned and in need of funding.
Work eonlinued on developing a website for the charity. A web desoner was appointed, and draft
designs were developed.
Flnancial review
The charity's income Is derived from ils investments. JM Finn manages the Trusys funds, providing
r8gular repons throughout Ihg year. 11 remains the Iruslees, alm to maximise income while minimising
the risk to the capital base.
As was expected, investment income from JM Flnn inerèased a little in 2024 1£52,3711 over the
previous year1£52.0111 and in line with projections. The Iruslees reiterated their intention lo Continue
lu distribute all income unless financial circumstan¢es change(1 dramali¢ally.
Capital markets have been disrupted by a number of global events resulting rn a small increase in JM
Finn investment vaue to £1,915,43612022 £1,818.1041.

The Community Trust of the Blessed Virgin Mary
Trustees, Annual Report (conllnu8dJ
Year ended 31 December 2024
F(nancial review {conllni￿d)
Rlsk Management
The appointment of a part-time derk with wide exporience of working wlh and in the charitable sector
has ensuTed continuity of adrninistration.
The ident1￿CatIOn ol potentia replacement INstees wtth Specif￿ expwience and expertise ensure5 that
the Iwstee body has the requisiie skills to ensure proFer management ol the Trust.
In addition, the trustees, poli¢y to Ut*ortake visits to both applicants and recipienls ieinforces their
knowledge ol organisalions and needs within the lo¢￿ community thus fulfilling the objects of the Trust.
An audit of the Charills accounts is not required under section 144 01 the Charities Act 2011 and tho
Iruslees have elected under section 34511llal that the accounts be examined by an independent
examiner.
No indlvldual trustee has the rlghl to change investments or sign cheques. li is the trusiees, FXili¢y 10
consider the allwation of granls for future years on the basis of estimated income available. In past
years they have allowed a margin over and above that allocaiion with a view lo enabling further grants
lo be made in the current year from that margin. With any slabilisation and increase in income the
Irusteos will bo looking to make grants covering more than the current yearfs income where
appropriate.
Public benefft
The Iruslees have reviewed their actiwlies and are content that they concur wlh the Chaiily
Commission's guidelines on public benefit.
The liustees, annual rèport was approved on .........................
trustees by..
and signed on behalf of the board ol
J M R Prichard MA MBA
Trustee

The Community Trust of the Blessed Virgin Mary
Independent Examiner's Report to the Trustees of The Community Trust of the
Blessed Virgin Mary
Year ended 31 December 2024
I report io the Iruslees on my examinalion of the financial slalement5 of The Comfflunity Trust of the
Blessed Virgin Mary Ilhe charily'l tor the year end8d 31 D￿mber 2024.
Responsibilitles and basls of report
As the Irusl8es of the charity you are responsible lor the preparation of the financial statements in
accordance with the requirements ol the Charities Act 2011 I'lhe Acl'l.
I report in respect of my examination ol the charitys financial slalements carried out under section 145
of the 2011 Act and in carwng out my axaminalion I have lollow¢d all the applicable Directions given
by the Charity Commission under section 145151{bl ol the Act.
Independeni e￿￿nIn8￿3 statement
I have compl&led my examination. I conflrm that no material matters have Come lo my attention in
conneclion with the examlnation giving me cause to believe that in any material respect..
accounting records were not kept in respect ot the charty as required by secliun 130 01 the
Act.. or
the linancid slalements do not accord with those records., or
the financial slalem¢nts do not comkly with the applicable requirements concerning the form
and content ol accounts set out in the Charities IAccounts and Reports) Regulations 2008
other than any r8quiremenl that the accounts give a true and lairf view which is not a matter
¢onsidered as part ol an I￿ependent examination.
I have no concerns arKI have come across no other matters in connection wth the examinatton lo
wht¢h attention should be drawn in this ￿POrt in order lo enable a proper LJnderstandSng of the
accounts to be reached.
P Tullin . UHY HackeF¥gbM
Independent Examiner
168 Church Road
Hove
East Sussex
BN3 2DL

The Community Trust of the Blessed Virgin Mary
Statement of Financial Activities
Year ended 31 December 2024
2024
Unrestricted
funds Totsl funds Total funds
2023
Note
Income and endowments
Investment income
66,468
66,468
66,468
66,468
55.486
55,486
Total Income
Expendlture
Expenditure on raising funds..
Investment managemeni costs
Expenditure on ¢hafilable aGlivilies
Total expendlture
13,277
57,315
13,277
57,315
13.635
71,688
70.592
70,592
85,323
Nel gains on investments
10
1O2.4S9
102.459
70,525
Net Income and net movement In funds
98,335
98,235
40,688
Reconclllailon of funds
Total funds broughl forward
Total funds carrled torward
1,938,722
1,938,722
2,037,057
1,898,034
2,037,057
1.938.722
Th8 statement of financial activities includes all gains and losses recL¥nised in the year.
All incomg and expenditure derive from continuing activities.
The notes on pages 8 to 15 forrn part ol these flnancial statemonts.

The Community Trusl ot the Blessed Virgin Mary
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Investments
14 1,898,685
1,803,297
Current assets
Debtors
Cash at bank and in hand
15
894
137,531
138,425
141,372
141,372
Credltors: amounts falllng due wlthin ong year
Net current assets
16
3,000
3,000
135,425
138,372
Total assets les¥ current Ilabllktles
2,037,057
2,037,057
1,938,722
Net assets
1,938,722
Fund$ of the eharlty
Unrestricted lunds
2,037,057
1,938,722
1,938,722
Total charlty funds
17 2,037,057
The
e financlal
lemenls were apFxovgd by the t*)aid ol trustees and aulhorised for issue on
and are signed on behalf ol the board by.,
eel
TrLJStee
J M R Priehard MA MBA
Trustee
The notes on pages 8 to 15 forni part of Ihese flnanelol slatements.

The Community Trust of the Blessed Virgin Mary
Notes to the Financlal Slatements
Year ended 31 December 2024
General information
Community Trust ol the Blessed Virgin Mary is an Unl￿orpOrated body governed by a Scheme
made by the Charity Commissioners for England and Wales dated 16.11.2007.
Statemenl of compllance
These financial statements have been prepared in compllance with FRS 102, 'The Financial
ReFX)rting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl ol
Recommended Practice applicable to ¢harilies preparing thoir accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Charities Act 2011.
Accountlng pollcles
Basis of preparation
The financial slalements have been prepared on the historical cost basis, as modified by the
revaluation ol certain financial assets and liabilities and investment properties measured al l&r
value through income or expenditure.
The financial slalements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainlie8 about the charity's ability lo continue.
Judg¢menls and key sources of estlmatlon uncertalnty
In the application ol the Trust's accounting policies, the Trustees are required lo make
judggments, eslimales and assumptions about ihe carrying amount of assets and liabilities ihat
are not readily appaienl from other sources. The estimates and associated assumptions are
based on historical experience and other factors that arÈ considered io be ￿leVartI. Actual results
may diffor from these eslimales.
Thè eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting eslimales are recognised in the period in whlch the estimate is revised where the
revision aff6¢1s only that period, Or in the period ol the revision and future periods where the
revision affects both current and lulure periods.
Fund a¢¢ounting
Unreslricled lunds are available for use al the discretion of the trustees lo further any of the
charivs purposes.
Designated funds are unreslrict8d fund8 earmarked by the truste8s for particular future project or
commitment.
Restricted furnls are subjected lo reslriclions on their expenditure declared by the donoi Of
through the lerms ol an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.

The Community Trust of the Blessed Virgin Mary
Noles to the Flnancial Stalements (ttonlinu•d)
Year ended 31 December 2024
Accountlng polkles leonllnuad)
Incoming resources
All in¢oming resources a￿ included in the statement of financial activities when enlillemenl has
passed to thg Charity,. il is probable Ihat the economic benefits associated with the transaction will
flow to the charity and the amount can b& reliably measuied. The following specrfie poli¢ies are
applied to particular calegorias ol income:
In￿Me from donations or grants is recognised when there Is evldence ol enliilement to the
gift, receipt18 probable and its amount Can be measured ¥eliably.
legaw income is recognised when r8ceipl is probable and enlillement is established.
income from donated goods is measured at the fair vaue ol the goods unless this is
impractical lo measure rellably, in whi¢h Case the value is derived from the cost lo the donor
or tho estimated resale value. Donated facilities and services are recognised in the a¢¢ounis
when received il the value can be reliably measuied. No amounts are included for the
Contribution of general volunteers.
income from contracts for the supply ol setvices is iecognised with the delivery of the
ctsnira¢ted servi￿. This is classified as unreslricled funds unless there is a conlraclual
requirement lor it to be spent on a particular purpose and relurned il unspent, in which case
it may bo regarded as restricted.
Resources expended
Expenditure is recognised on an aecruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings ol the statement ol
financial activities to whlch il relates..
expendilu¥e on raising funds includes the costs of all fundraising actimlies, events, non-
charitable trading aclivilies, and the sale ol donated goods.
expenditLJre on ¢harilable activities includes all costs incurred by a charity in undertaking
activities that further ils charitable aims lor the benetii of its beneli¢iaries, including those
support costs and costs relating to the governance of the charity apportioned lo charitable
acliwlies.
Dther expendilurg includes all expenditure Ihal is neither r¢lated t¢ raising funds for the
charity nor part of its expenditure on charitable activities.
Al costs are allocated lo expenditur& categories rellecting the use ol the resource. Direct costs
attiibutable lo a single activity are allocated directly to that activity. Shared costs are apportioned
belween the a¢livilies they contribute lo on a reasonable, justifiable and consistent basis.
Investments
Unlisted equty investments are initially recorded at cost, and subsequently measured at lair
value. 11 lalr value eannot be reliably measured, assets are measuied at cost less impairment.
Listed investments are measufed at fair v￿u8 with changes in lair value being recognised in
income or exrknditure.

The Communlty Trust ot the Blessed Virgin Mary
Notes io the Financlal Statements (oontlnu8d)
Year ended 31 December 2024
Accounting pollcles (contimmd?
Investments Sn associatès
Investments in associates accounted for in accordance with the cost model are recorded al cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the lalr value model are initially
recorded ￿ the transaction price. Al each reporting dale, thè investments are measured at fair
value, with changes in lair value taken through income or expenditure. Wh¢re tt is impracticable
lo measure fair value reliably wlhout undue ¢osl or ettort, the cost model wll be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard lo wheiher the dislribulions are from accumulaied profits ol the associate arfslng before or
after the date ol acquisition.
Investrnents In joint ventures
Investments in jointly controlled enthles accounted for in accordance the cost mcéel are
recorded at Cost less any a¢wmulated impairment losses.
Investments in joiniiy controlled entities accounted for in accordants wlh the lair value model are
initially recorded at the Iransaaion price. Ai each reporting date, the investments are measured al
lair value, with ¢hanges in fair value taken through income or expenditure. Where il is
impracticable to measure lair value ￿liablY wilhoul undue cost or effort, the cost model will be
adopied.
Dividends and other dislribulions received from the Invèstment are recognised as income withoLJt
regard lo whether the distributions are from accumulated proltts of the joint venture arising before
or after the date of acquisition.
Impalrment of fixed assets
A review for indicators ol impairment is carried out al each leporting dale, with the recoverable
amount being estimated where su¢h indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor
possible reversal al each reporting dale.
For the putposes of impaiimenl testing, when il is not posslble to Èslimale the recoverable
amount ol an individud asset, an estimat8 is made of the recoverable amount ol the cash-
generating unit lo which the asset belongs. The cash-generating unit is the smallest identifiable
group ol assets that includes th8 asset and generates Cash inflows that largely independent of the
ash inflows from other assets or groups ol assets.
For impaimienl testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition dale, allocated to each of the cash-generating units that ara expected to benefit from
the synergies of the combination, irrespeGlive of whether other assets or liabilities ol the charity
are assigned lo those units,
10

The Community Trust of the Blessed Virgin Mary
Notes to the Financial Ststements (conNnu8dJ
Year ended 31 December 2024
Accounting pollcles fcortinuedj
Financlal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party lo the
conliactual provisions ol the instrument.
Basic financial instruments are Inill￿1Y recogni8ed al the amounl receivable or payable including
any r¢laled transaction costs, unless the arrangement ¢rJnsiituies a financing transaction, where il
is recognised al the present value of the lulure payments discounted al a market rate ol interest
for a similar debt inslrumenl.
Investment income
Unroslri¢led Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from listed investments
Bank interest receivable
61,606
4.862
61,606
4,862
e6.468
52,164
3,322
52.164
3,322
66,468
55,486
55,486
Investment managemenl costs
Uniesiri¢l¢d Total Funds UnrestriGled Total Funds
Funds
2024
Funds
2023
Investment management
13,277
13,277
13,635
13,635
Expenditure on charltable activitles by fund type
Unreslricled Total Funds Unrestricted Total FLtnds
Funds
2024
Funds
2023
Grant funding ol activitres
Support costs
51,610
5,705
57,315
51,610
5,705
57,315
67,075
4,613
67,075
4,613
71.688
71.688
Expendifure on ¢haritable a¢tivities by activlty type
Grant funding
of activities Support costs
Total funds
2024
Total fund
2023
Grant furKling of activities
Governance costs
51,610
2,587
3,118
54,197
3,118
68,687
3,001
71,688
S1,610
5,705
57,315
11

The Communlty Trust ol the Blessed Virgin Mary
Notes lo Ihe Financial Stalements (eontlnuedj
Year ended 31 December 2024
Analysls of support costs
Charitable
aclivili&s
Total 2024 Tota 2023
Premises
Generd office
Governance cosis
Inveslrnent management
12
1,575
3,120
14,277
12
1,575
3,120
14,277
18,984
37
1,575
3,0
13,635
18,247
18,984
Analysls of grants
2024
2023
Grants to Institution8- educatlon
St. Bartholomew's CE S¢hool Primary School
St. Andrew's CE Primary School
St. Paul's CE Primary School
Sl. Martln's CE Primary School
Aldrington CE Primary School
Si. Mark's CE Primary School
Sl. Maroarel's CE Primary School
Si. Ni¢olas' CE Primary School
2.500
1,000
6.000
2.500
1,000
1,000
1,000
1,000
16,000
6,GM)O
1,000
3,500
3,500
1,000
1,000
1,000
1,000
18,000
Grants to In$titution8- soct81 welfare
Oasis Project
Brighton Unemployed Centre Families Project
Cornerstone Community Foodbank
Briohlon Parent Infant Psychology Therapy
Fareshare
Exlralime
Off The F8nce
Whoopsadasy
Lunch Posilive
Sl. Mark's PCC (Playgroupl
The Annutxiation PCC
Sl. Bartholomew's PCC
Sl. Mar￿$ Kemp Town PCC
Sl. Martin's PCC
St. Matthias PCC
St. Luke's Advice Gentre
St. Ancfrew's PCC
Community Advice SeNice Education
Brighton Women's Centre
Good News Brighton
Sl. John's PCC
3,000
2,000
2,310
3,500
5,000
6,000
4,000
2,200
3,500
10,000
3,500
3,500
4,000
7,000
500
500
100
300
500
475
3,000
4,000
3,500
500
500
3.500
100
1,000
3,500
3,000
200
35,610
49,075
Total grants
51,610
67,075
12

The Community Trust of the Blessed Virgin Mary
Notes to the Financial Statements (contlnued?
Year ended 31 December 2024
10. Net galn$ on investments
Unrestricted Total Funds Unreslricled Tolal Funds
Funds
2024
Funds
2023
Gainslllossesl on revaluation ol listed
investments
Gainslllossesl on sle ol investments
37,981
64,478
1 J2,459
37,981
64,478
92,748
122,2231
70,525
92,748
122,2231
70,525
102,459
11. Independenl examination fees
2024
2023
Fees payable lo the indep&ndent examiner for..
Independent examination of the financial slalements
3,120
3.000
12. Slall costs
The average head count ol employees duri￿ the year was Nil12023.' Nill.
No employee received employee knefits of more than £60,000 duri[￿ the year12023'. Nill-
13. Trustee remuneratlon and expenses
None ol the Trustees lor any persons connected wlh them received any remuneralian c)r benefits
from the Trust during the y8ar.
14. Investments
Listed
invemments
Cost or valuation
Ai 1 January 2024
Additions
Disposals
Fair value movements
1,803,297
306,511
1249.1041
37,981
1,898,685
At 31 D8¢ember 2024
Impairment
At 1 January 2024 and 31 December 2024
Carrylng amount
At 31 December 2024
1,898,685
At 31 Decamber 2023
1,803.297
All investments shown above are held al valuation.
13

The Community Trust of Ihe Blessed Virgin Mary
Notes to the Financial Statements {contlniMd)
Year ended 31 December 2024
14. Investments (conrfnuod)
Flnancial assets held at falr value
Inveslmgnts have I￿n valued using Iho tid markel value at the year end.
15. Debtors
2024
2023
Prepayments and accrued income
894
16. Crèditors- amounts falling due withln one year
2024
2023
Accruals and deferred income
3,000
3,0
17. Analysis of charltable fundg
Unrestrkted funds
Ai
1 JanU￿Y 202
At
Gains and 31 December
losses
2024
Income EX￿nditUre
General funds
1,938.722
66,468
170,5921
102,459
2,037,057
Al
1 January 202
At
Gains and31 Docember
k)sses
2023
Income Expendtkure
General funds
1.898,034
55,486
185,3231
70,525
1,938,722
14

The Community Trust of the Blessed Virgin Mary
Notes to the Flnancial Statements (ttontimi¢d)
Year ended 31 December 2024
18. Analysls of net a8set$ between funds
Unrestricted Total Funds
FutKIs
2024
Investments
Current assets
Creditors less than 1 year
Net assets
1,898,685
141,372
13,0001
2,037,057
1,898,685
141,372
13,0001
2,037,057
Unrestricted Total Funds
Funds
2023
Investments
Current assets
Creditors less than l year
Nel assets
1,803,297
138,425
{3,0001
1,938,722
1,803,297
138,425
13.0001
1,938,722
15