Societas Sanctae Crucis he Society of the Holy Cross) Registered Charity 297891 Statement of Financial Activities & Annual Report 2023
Societas Sanctse Crucis (The Society of the Holy Cross) 31 $1 December 2023 Contents Page Charity Details Trustees, Report Independent Examinerfs Report ststement of Financial Activities ststement of Assets and Liabilities Notes to Financial Statements 9-13
Societas Sanctae Crucis IThe Society of the Holy Cross) 31st Dernber 2023 Charity Detsils Name of Charity: Sctietas S8nctae Crucis Also known as.. The Society of the Holy Cross Registered Charty number.. 297891 Registered Address of Charity". The Clergy House. 62 Quakers Hall Lane. Sevenoaks. TN13 3TX Trustees.. Fr Cart Schaefer SSC Fr Simon Clark SSC Fr Robin Jones SSC Fr James Mowbray SSC Bankers: C.Hoare & Co 37 Fleet Street. London. EC4P 4DQ Independent Examiner= Fr. Barry C.C. Compton ACA Bary Compton & Co Chartered Accountants 14 Hallsland Way, Oxted. Surrey, RH8 9AL
Societas Sanctae Crucis (The Society of the Holy Cross) 31st December 2023 Trustees. Report The trustees present their rep(Kt with the finanual ststements of the chanty for the year ended 31 December 2023. The trustees have adopted the provisions of Accounts"ng and Reporting by Charrties.. Slalement of Recommended Practice applicable lo charities preparing their acnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 2019}. Governanco A Master General. who is elected from the various Provincaal Masters. govems the Society. He maintains a Council consisting of himself, the Provincial Masters. a Secretsry Gener81 and a Treasurer General. In the past year these have been.. Fr. Nicolas Spicer SSC Fr. Sirnon Clark SSC Fr. Rotxn Jones SSC Fr. Carf S¢haefer SSC Fr. Ben Andrews SSC Fr. Batry Swain SSC Fr. Grah3me Baldock SSC Master General Sectetsry General Treasuref General Pro?ntial Masier England & Scolland Pron081 Master for Wales Prownual Master ofthe AJThricas ProTrAnoal Master OffAtraa A Master vlho is elected every four years by the members of the Province governs the Province of England and Scotland. He forms an Executive and Counul lo Govem the Society. ensunng that those appointed have the necessary ski115. In the past year this has consisted of.. Fr. Cart Scha&f8r SSC Fr. Simon Clark SSC Fr. Rebin Jones SSC" Fr. Jer8rny Sheehy SSC Fr. Giles Orton SSC Fr. Jarnes Hill SSC Fr. Jolyon Seward SSC Fr. John Eldridge SSC Fr. Philw O'Reilly SSC Fr. Mark Gilbert SSC Fr. JarrEs Mowbray SSC" Prowncial Master England & Scouafvj ownual Se(xelAry Provinual Treasurer Regwal Vicar forthe North Regi[al Vicar for the Midland5 Regthal Vicar for Lor¥lan and u* East RegKJnal Vitsr for the Soulh West Regal Vicar for Ihe Soulh cotnNnunati0n$ Officer Twstee The previous Masters of England and Scotland srt on the Council. In 2023 these were-. Fr. Oavid Houldmg SSC Fr. Nicolas Spicer SSC 'These serve as the trustees of the Society. Trustees are apFM)inted by the existing tnjstees. in consullatson with the Master. ensuring they have suitable skills to run Ihe charity and mplY with appropri8te legislation. Aims of the Soclety The Society is governed under the statutes adopted in 1981 and has as its charitable objects.. To strengthen and consolidate the spirrtual life of ils members according lo Catholic belief and practice. To maintain and extend the Catholic faith and discipline. and to defend truth against error. To unite ils members in a special tM)rKI of muiual tharity arising from their cmMOn faith. Statement on Public Benefrt In settTng objectives and planning for activities, the Trustees have gwen due tx)nsideration lo general guidance published by the Gharity Commission relating to public benefrt. including the guidance 'Public benefrt.. running a charity IPB21'. In this year the Society has continued lo support the spiritual lrfe of ils members through Chapters. The Synod held in London provided a particular time of support and encouragement to the brethren. The Master, his Council. Regional and Local Vicar5 have continued to assist Ihe brethren of the Society in their live5 as priests in all thing5 spintual and temporal. Grants of £4.450 were made through Mission Direct to assist particular missionary activity. The majority of the merTbbers are engaged in parish work. often in dis8dv8ntaged locations. As members of
Societas Sanctae Crucis IThe Society of the Holy Cross) 31st December 2023 the established Church. all vthhout exception. are free to (*ll on their SeThIs and frequenuy do. The Society supports them in this work. Ri$k Management The tnjstees condud an annual survey of the significant risks to which Ihe Society might be expjsed. They are currently satssfied that adequate controls a in 8¢e. The Trustees. Report The main evenl of the year was the National Sywj held on the 2P September 2023. held at st Mary Bryan51on Square. This was well attended with Mass. Lunch and the Synod. The Syncmfj was addressed by Joy Gilliver, Head of Discernment al the Church of England. who swke ab(MJl the discernment pr(Kess & Fr Robin Ward SSC. who spoke on Vincent de Paul. 8rother Michael JacL)b SSF gave a devots.onal add$$ lo the brethren. As always reports from the offirS were made before Ihe pax was given. As is customary, Acta, the magazine of the ScrAety, was printed Iwice in the year. al FnderS Day and at Assumplionlide. The Swety's Mission Committee was active and grants totslling some £4,450 were made lo a variety of causes and activities. enabling small level Mission work lo be urKJertaken. The Mission Committee continues to find ways lo support the brethren in MisOnal activity Significant expenditure of £34,621 wa5 made verse5 income of £29,233. In part this was due to the fact that National Synods held in London are always expensive. Despite spending outslripping inCe, the inuease in investment value meant a positive balance Sheet at the end of Ihe year The Masters Council. ty) behalf of the Trustees. reviewed the &ie$ invesknents, currenuy held in h¥0 accounts in the CCLA CBF Investment Fund Iln(xJmel. They noted that these had almost recovered their Pfevious years losses Expenses tolalling £2,275 were reirnbuv5ed to 3 Trustee5 in relats"L lo trdvel, hospitality and function of office. The majority ol the Society's life is lived in the various chapters thrOugUt the county. These continue lo meet monthly or bi-rnonlhly and lo support the bfethren by means thal are both spiritual and temporal. The Master continues his visits to various chapters around the country to uphcAd and assisl them in their keeping of the rule and their common life together. The rertS the various thapters provide. are uitical in helping the Master and his ¢OUnGiI engage vAth, and understand the needs of the brelhren. The Soaety of the Holy Cross continues tole the (Adest and original Sty in the Church of England forpriests who live and work uoder Rule. 11 èxists to increase the.spirittJality of the clergy and lo sutjport thèm in preaéhino. teathing and living the Catholic faith in their parishes, lo evangelise the people, and to work for the eventual reunion of all Christians. Fr Cad Schaefer- Master Fr Robin Jones - Treasurer 30th October 2024
Societas Sanctae Crucis he Society of the Holy Cross) 31st December 2023 Independent Examiners Report to the Trustees I report to the Trustees on my examination ofthe accounts of Societss Sanrtae Crucis (The Society of the Holy Crossl for Ihe year ended 31 St Dember 2023 which are set out on pages 7 10 13. Responsibilib"es and basis of the report. As Trustees of the Society you are responsible for the preparation of the accounts in accordance wjth the requirements of the Charities Act 2011 {Ihe Act'l and Ihe SORP Accounting and Reporting by Charities. My examination was carried oul in aordan with the General Directions given by the Chafrty Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerab.on of any unusual rtems or disclosures in the accounts and the seeking of explanatsons from the Tnjstees o)nceming such matters. The procedures undertaken lo not provide all the evidence that would be required In an audit and consequenuy no opinion is given as to whether the accounts present 8 'lrue and fair view. and the reF(rt is limrted to those matters set out In the statement below. Indgpendent examinerfs ststemenL I have completed my examination. I confirni Ihal no material matters have come to my attentson in connection with the examination giving me cause to believe that in any fflalerial respect_. that accounting records were not kept in respect of the sory.ety as required by secbon 130 of the Act., or that the accounts do not accord with those records., or that the accoufils do not comply wrth the applicable reqUirentS eonceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulab"ons 2008 other than the requirement that the accounts give a Inje and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no matters in connectHin with the examination to which attentson should be drawn in this report in cthr lo enable a proper understanding of the ac£ounls to be reached. WL- ¥*24f Ff. 88rry C.C. Compton ACA Barry Compton & Co Chartered Accounlanls 14 Hallsland Way, Oxted, Surrey. RH8 9AL
Societas Sanctse Crucis (rhe Society of the Holy Cross) 31st December 2023 Statement of Financial Activities Note Unrvstrict•d Funds £ Restricted EndoTront Total Funds £ Funds £ 2023 £ T¢rtal 2022 £ Incoming Resources Oonations & legaoes Incorne from charitsble aclivrfies Other trading aclivibe5 Investrnent Irwme 13.437 4.732 7.495 4.554 17.991 4.732 1.495 5,015 16.250 975 4.784 Totsl Ineomimg RKourc•s 23.170 6.063 29233 22.009 Rèsou0$ expend Purchases for Resale ExpenditurÈ on Charitae AthTrities Grants and donabon$ Governance costs Independent Ex8minatson Bank Charges 4.665 4.475 24.749 350 382 25 18.151 350 4.450 6.598 5.557 18.331 3SO 393 10 Total Resourcgs Ex nded 23.573 11,048 34,621 24,831 lusl doficlt •ar 403 4.985 5,388 2.622 Transfers Transfers beiween fvnds- in Transfers bet¥¥een fvnds- 2,910 Gainslllossesl on investmÈni$ N•t movement in fvnd$ 9.19) s.3 5.903 15.9)3 9,705 121.4031 124,0251 8,787 14.9851 Total Funds at 1 Janua 101.671 110.458 23.477 18.492 72,222 78.125 197.370 207.075 221,395 197,370 Total Fund5 at 31 D•cefflb•r All activities relate to continuirlg aclivilies. This Statement of Financial Activities indudes all gains and losses reccMJnised in the year. The notes of pages 9 to 13 fomi an inlegral part of these Financial Statements.
Societas Sanctse Crucis (The Society of the Holy Cross) 3181 December 2023 Statement of Assets and Liabilities Urweslnded Funds £ Restiicled Funds £ En(k)wmÈni Funds £ Total 2023 £ Totsl 2022 £ FIXED ASSETS Investments 10 1Q6,864 68.639 175.503 160.411 CURRENT ASSETS Cash at Bank and in Hand 20.199 33.629 23,609 Debiors 12 13,700 Prepayments 13 20.199 33,629 Cre(Jitots." AN*)unts falling wthin 14 1.707 2.057 350 Nei Current Assets 18,492 9.486 Total Net Asseis 110.458 18.492 78,125 207,075 197,370 Represented by. CHARITY FUNDS 110.458 18,492 78.125 207.075 197,370 The finanual Statements were approved by the TTUStees on 30tr October 2024 and approved on their behalf by.. Fr Cad Schaefer- Master Fr Robin Jones- Treasurer 1,1 The notes on page5 9 to 13 form an integral part of these financsal ststements
Societas Sanctae Crucis (The Society of the Holy Cross) 31st December 2023 Notes to the Financial Statements Accounting Pdicies 1.1 Basls of preparatlon of flnanclal statefflonts The financi81 s18tefnents have been prepared in ac£ordance wilh the accounting policies set out in the notes to the accounts and comply with the charity's governing dccument, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanties preparing accounts in accordance with the applicable FinancBI Reporting Standard apFAicable in the UK and Ireland {FRS 102). 1.2 Funds Accountlng General fvnds are unrestricted funds which are availabFe for use at the discretion of the Tnjstees in furtherance of the general objectives of the charity and which have nol teen designated for specrfic purposes. Assets and Liabilities are attributed to appropriate funds. Restricted and Endowment Funds are those to be used in accordance wth the specific requirements of the donors or which have been raised by the chanty for particular purposes. The costs of raising and administering such funds are charged against the spectfic fvnd. The aim and use of each restricted fund and the endowment lund is sel out below. Thè Master General's Fund- These are westricted fijnds COnth"but by the FrowrS of Wales. The Arnericas, Australasia, and England and ScotlaThJ to be spent by the Master General in work. Mission Oirect- These a restn.cted fijnds to stwt missi actiwtses as recommended by the Mission Committee in o)nsuttation vnth the Masterfs Couwl. Mission Direct Endowment- This is an en(k)rt fvnd set up using existirrfJ reStted Mission Direct 11$ to provide an ongoing irm thè making of grants by the MissKJn Direcl Committee. The Provincial Master's Discretionary Fund- These are restriGted mnies to be SnI by the Provincknil Master ol EngLqnd and S¢ol18nd as he sees frt. within the aims ol the Charity- The SSC Conforence5 and Synod5 Fund- These are mrx)ies gNen f(w Conferen and training, such as 'Leading your Churd) into growth.. 'Stand up for Jesus. and Synods. The G8ft•ral Fund- TIE5e are UnreStrted mon*s, whith may be ynt by the provir of England and Scotland as wiJir8(1. 1.3 Incomlng Resources All incoming resources are recognized where the charity ts legalty entrtled to the income and the arrN)unt can be quantified wrth reasonable accuracy. 1.4 Resources Expended All expenditure is aecounted for on an accnjals basis and has been induded under expense categories that aggregate all cost5 for allocation to the relevant actTVtties. Where (xjsls cannol be diredy attributed lo particu18r activities they have been allocated on a basis consistent with the use of the resources. 1.5 Investments Investments are staled at market value, any adjustment to the previous years. foqures being stated in the Stalemenl of Financial Activities. following the Master's Council's review. 1.6 Reserv8$ The Society maintains Reserves of at least six nK)nths worth of monies. required to hjnd the activitie5 of the Society.
Societas Sanctae Crucis (The Society of the Holy Cross) 31st December 2023 Notes to the Financial Statements Unresithi•d£ RIncE•d E EDd0mrtt£ 2023Totsl £ 2022Totsl£ Notè 2.. OONATIONS & LEGACIES Master General'5 Int Gift Aided subscnpts.ons Income Tax Recoverable on Subscriptions Non-Gift Aided Subscriplw5 Donation5 Donations for MissK)n Oirètt Gift Aided Income Tax Reryjvwae Direct Donation5 for MissK)n Direct Non-Gift -AJded Mission Direct Collectsns 629 629 10.822 534 11,373 1501 10.822 1.734 1,578 1.660 85 100 745 745 310 1.435 410 Donation5 and ltyacies Tota15 13.437 17.991 16.250 Not• 3: INCOME FROM CHARITABLE ACTIVITIES R•traat Income 4.732 4.732 Note 4: TRADING INCOIAE Salo of Books. Cross85. 9¢¢. 1,495 1,495 975 Note 5= INVESTMENT INCOME 8ank Inieresl CCLA DIVendS 107 1.402 218 4.797 13 4.771 3,395 Investment Income Totsls 15,09 5.015 4,784 rotsl Ineoming Resour 23.170 6.063 t66 29,233 22,009 10
Societas Sanctae Cnjcis he Society of the Holy Cross) 31st Dember 2023 Notes to the Financial Ststements 2U22Total£ Note 5.. Expendlture on Charitablè A¢tivitios Retreat Costs 4.665 Ch8rlt&ble Kllvities Totats 4.665 200 Note 6." GRANTS & DONATIONS Mis$ion Direct Grants Other Donali(m$ 4.450 25 5.532 25 25 Grants and Donalions Totsls 25 4,475 5.557 Note 7: GOVERNANCE COSTS PuY Guikl provin81 Masle¢s Expenses Masler General's Expense5 Secretary's ExnSeS TasUre5 Expenses Masierfs Counol and Executive Inlernatson81 Syncxl Expertses London Synod MKlland5 Synod Northem Syrnd Sovlh We51 Synod ACTA Masier's Council Re$identsl Publicalicfis Mailing 523 859 523 859 1.707 276 1.147 1.374 4,670 275 1.707 257 180 4.085 2.423 394 1.336 631 1,581 789 1.050 13 10.811 15.666 1.372 1,372 17 81 2.304 Governance Costs Totals 18.151 24.749 18,131 Note 8.. Independent Examination Annual Fee 350 Independent F8e Totals 350 350 Note 9.. Bank Charyes Bank Charge5 382 393 Bank Charges Totals 382 393
Societas Sanctae Crucis (The Society of the Holy Cross) 31st December 2023 Notes to the Financial Statements 2023 T¢)t41£ 20ZZ Tol•l £ Note 10: INVESTMENTS ceF SSC Investr))ent 106.864 1L%.864 97,675 C8F Misson Direct End¢1 68.639 68.639 62.736 1nv0stmgntlnG•n Tom 106,864 68.639 160,411 Nots 11: CASH AT BANKAND IN HAND Current Account 3.105 5.823 8.928 6.016 8.798 Bank Deposil Accoufii Mission Direct Depos Account Master Genwal's Dewsit Account Petty Cash 746 14221 9.486 9.810 8,597 14.763 14.763 133 93 128 65 Totals 20.199 9A86 33,629 23.609 Note 12: DEBTORS Recoverable Tax 13.700 Tolals 13.700 Note 14: Creditors Independeni Exarniner5 Fee Master General's Expenses 350 350 1.707 1.707 Totals 1,707 2.0S7 350 12
Societas Sanctae Crucis (The Society of the Holy Cross) 31sI December 2023 Notes to the Financial Statements Note 15: CHARITY FUNDS Fund and type anf* at 1.1.23 IrKxKning Ovlgory Gains and Losses Balance al 31 12.23 Unrestrlctod General Fund 101.671 23.170 123.5731 9,190 110.$09 Re$tritt•d Mission Direct SSC Conferences. Synods. elc. Prowncial Masier's Discretionary Fd Master Gera1.$ Fund 2.634 6.012 5.433 14,4501 14.8551 3,617 1.157 66 13.652 14.765 11.7431 Sub4otalg 23.477 6.063 111.0481 18,441 EDdowThent Mission Oirect 72222 5.903 78.125 Totals 197.370 29.233 134.6211 15,903 207.075 13