SOCIETAS SANCTAE CRUCIS (The Society of the Holy Cross) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Charity No. 297891
SOCIETAS SANcfAE CRUCIS (The 4o¢l¢tJ ot. thL¥ Elol) ('r¢)ss TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Page Charity Details Trustees, Report Independent Examiner's Report Statement of Financial Artivities statement of Assets and Liabillties Notes to Financi81 Statements 10-19
SOCIETAS SANCTAE CRUC15 (The Society of the Holy Cro$¥l TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITY DETAILS Narne of Charity.. Societas Sanrtae Crucis Also known as.. The Soaety of the Holy Cross Reg15tered Chanty numlEr'. 297891 Registered Address ol Charity.. The aergy Hou 62 Qu6ker5 Hall Lane Sevenoa TN13 3TX Trustees.. Fr Carl Schaefer SSC Fr Simon Clark SSC Fr Robin Jones SSC Fr James Mowbray SSC Fr John Eldndge 5SC Fr Nicolas Spicer SSC Fr Mark Gilbert SSC Fr Giles Orton SSC Fr Philip O'Reilly $5C Fr Jerny Sheehy SSC Bankers.. C.HO3 & Co 37 FIt strt London EC4P 4DQ Investment Managers.. cc l Angel Lane London EC4P 3AB Independent Examiner.. GN Stevenson FCA Knox Cmpper LLP 65 Leadenhall Street London EC3A 2AD
SOCIETAS SANcfAE CRUCIS (I'lie %ocÉety of the Iluly Cros%1 TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present iheir report with the financial statements of the charity for the year ended 31 Dwmber 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended practi applicable to chariti& pparIng their accounts in accordan with the Flnancial Reporting Standard applicable in the UK and Republic of IrelarMJ IFRS 1021 (effective l Jariuary 2019). GOVERNANCE OF THE SOCIETY A Master General, who Is eletted frotn the various Proviocial Master5, governs the Society as its INJurehead. He maintsins 8 Council con515ting ol hlmself, tlie Provincial Masters, a Secretary General and a Treasurer General, It should be noted that tlie varK)us provinces are autonoillous and required to comply with charity law in their regions. In the past year these have been., Fr Nicolas Spicer SSC Fr Simon Clark S5C Fr Robin Jones SSC Fr Carl Schaefer SSC Fr 8en Andrews SSC Fr 8arry Swain SSC Fr Grahame Baldock SSC Master General Secretary General TreaSur General Provincia1 Master England & Scotland Provincial Master for Wales ProvinciBI Master of the Americas Provincial Master of Australasia A Master who is elected every four years by the members of the Provintr governs the provin ol England 2nd Scotland. He fortns an Execubve and Council to Govem the Society, ensuring that the appK)ifited have the necessary skills. In the past year this has conslsted of.. Fr Carl Schaefer SSC. Fr Simon Clark SSC Fr Robin Jones SSC. Fr Jeremy Sheehy SSC¥ Fr Giles Orton SSC Fr James Hill SSC Fr Peter Edwards SSC Fr John Eldridge SSC Fr Philip O'Reilly SSC Fr Mark Gilbert SSC. Fr JBtnes Mowbray SSC Provinaal Master England & Scotland Provincial Secretary Provincial TaSUr Regional Vicar for the Nh Regional Vicar for the Midlands Regional Vicar for London and the East (Sto down September 2025) Rpgional Vicar for the South West Regional Vicar for the South Mi5510n Cotntnittee Officer CoMmuntat)n$ OffIr Trustee The previous Masters of England and Scotland sit on the Council. In 2025 these we. Fr David Houlding Fr Nicolas Spicer SSC* These serve as the trust ol the Socpty. Trustees a appointed by the exlsllng trustees, in consultstion wlth the Master, ensuring they hève suitable skills to run the charity and Comp with appropriate legislation. AIMS OF THE SOCTErY The Society is govemed under the ststute5 adopt$ in 1981 and has ès Its charitable Ob]ts.. To strengthen and consolidate spiritual lrfe of its members èccording to Catholic belief and practi. To tnaintain and extend the Catholic faith and discipline, and to defend truth against error. To unlte its memkrs in a special bond of mutual charity arising from their common faith.
SOCIETAS SANAE CRUCIS I'l'hc Societ), of Iht Htsly C.ro¥%) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT ON PUBLIC BENEFIT In setting objertive5 and planning for actfvities, the Trustees have glven due consideration to geneyal guldan published by the Charity Commission relating to public benefit, including the guidance 'Putli¢ benefit., running a charity {PB21'. In this year the S[Kty has contlnued lo support the spiritual life of its memters through Chapters. As well ag gIOnal Syllods. The Master, his Council. Regional and Local Vicars have continued trj assist the brethfi of the Society In their lives as priests in all things spiritual and tetnporal. Grants ol E9,500 were made through Mission Direct lo assist missionary attivity. The majority of the members are engaged in parish worl often in disadvantaged locations, The Society 5UPPOrt5 thern in this work. RISK MANAGEMENT The trustee5 condutt an annual SUeY of the significarTrt risks to which the Society might be exp)sed. They are currently satisfied rhat adeouate controls a in pla, In addition, a new Financial Policry was adopted by the Trustees setting out woper linan¢ial procedure and expectations. Also a new Investment Policy was adopted. THE TRUSTEES, REPORT As always, the main activity of the year were the regionèl syn5. The coming tryjether of the brethren in prayw, reflettion ond hospitality is at the core of our Society. The Midland5 Synod was held at S. Mary de Castro, Leicester on Founder's Day. Attendance wa5 Particularly g(y)d for thi5 Synod. The South-west Synod was hosted by S.Peter's Pwmouth on the 14th May. This wa5 a good Synod, but with slightly disappointing attendance, The Northen Synod was held at S,ColumtK, AJlieSd on the 18th June and the London Syn(KJ Irhe Charity AGMI was held at S.Michael and All Ange15, Croydon. Thls too was very well attended. All rhe Synods had Fr leremy Sheehy addSsing them (whether on paper or in person) on the 1700th annlversary of council of Nicèea. In his usual fashlon Fr Sheehy was able to comblne serious reflertion with hufflour and the brethren appCIated hi5 erudition. As is customary, Arta, the magazine of the Soclety, was printed twi in the year, at FnderS Day and at Assumptionthde. The Society'5 Mission Committee was active meeting twi In the year to discuss Missil and to consider grants from Mlsslon Dirert. Tne committee also adopted a terms of reference and guidelines for the glving of grants, including amounts and size of grants. £9,050 was given frorn Mission Diretts Restncted Funds to the followirKJ'. Chich8sl8r Dio¢esan Pilgrimage Group S. Luk8 Jersey S. Wilfred Harehills S. Paul s North Thomaby S. Mallhew CaFver stet S. Aid8n. Gr8ngelovm S. Nicholas, Fleckne S 8enedi¢l (Broaésl S. Mark Chadderton Wlakefi81d Episcopal Area S. Luke Derby S Jarnes CDlche5ter 500 300 200 200 350 350 300 350 350 S Oswald Tlle Hlll S. John the Bapti81 Lemington Spa S. Alphage EdmtTrnton S Alban South NoA¥J S. Columba Anfield Liverpool Cathedral SoGiely Mlssion Parish of Swindon New Tc>wn Swindon New Town All Hallows Easton Holy Family Failsworth Good Sh&pherd Ford Woiksop Priory 350 350 350 350 500 500 350 350 350 350 350
SOCIETAS SANcfAE CRUCIS ITlJe Stieiet). ol the HTrl3' Lros¥l TRUSTEES, REPORT FOR THE YEAR ENDED 310ECEMBER 2025 The Mission Committee continue5 to find ways to support the brethren in missKJnal attivity. Income for Mission Direct was £10,506, helwl in part by the decision to print tollettion boxes and urge parishes to support Mission Direct in Lent. Some E7,300 was colletted by parishes compared to £730 the prevKJus year. It remains the policy of the Socth that every rèised for Mission Direct will go in grants, and any 5UPfY)rt costs or costs of raising funds come from the SIety's general fund rather than restncted Mission Dlrert mles. From General Funds a grant was given to the Walsingham College Trust of £4,000 to support the YoL5th Pilgrimage, and a 5rn311 donation is made of £25 to SPUC. The Master General made a donaty'on of £100 to the Diocese of Ho In Ghana to pay lor Universalis subSlpt1Orns for pamchial clergy. Expenditure of £54,504 was made versLJS income of £36,953. Initially this seems concerning, bul this partly nvolves some £15,395 of purchases for rale. This involved a new batch of stoles and a series of SSC cr05se9 in a variety of styles and SI$. It should be noted that these lory term wlll yield a srnall surplus. There wa5 also significant expenditure in the Master General's vigit to the Diocese of Ho with another brother. This Was to setup a small new chapter in that Diocese wh5ch lor the time being will remain under the authority of the Provin of England and Scotland The Masters Council, on behalf of the Trustees, reviewed the ScKiety's Investments, CUntIV held in two accounts In the CCLA C8F Investment Fund (Income). They noted that these had almost reCoVed their previous year5, k)55es. The Master's Council in investments See to balance incotne with capital growth, along with an understanding that monies are appropriatew invested. It judges the COIF income funds as commensurate with that èlm. In late 2025 it Was decided that In light of the Bishop of Oswestry's ca11 for Catho1it knEties to exarlline their governance, SSC would move from a model of four Trustees to the whole of the Master's Council being as Trusrees. It was felt that this would avoid duplicatson, and widen those involved in the governance of the Society. As of December 2025 there were ten tnjstees with other5 Still needing to sign their paperwork and be formally apwinted. In terTns of GOverTran, SSC is unique In that it is completely democratic, and a new Provincial Master can be picked every four years, and strirt term limits exist. Expen5e5 IroTn the General Fund. totalling £5,557 IQ,61712024 were reimbursed to 8 Trustees14 in 20231 In relation to travel, hospitalify and function of office. The Master General wa5 reimbursed E5,021 from his trirted fund in latiOn to travel, h05Pltality and function of office, this rnostly belng hls wsit to the Oiocese of Ho in Ghana. The majority of the Socletv's Ilfe is lived the varioLJ5 thapters throughout the country. TIEse continue to mt monthly or bi-monthly and to 5UPPOrt the brethren by means that are both spiritual and temporal. The Master contiTrue5 his visits to various chapiers around the country to uphold and assist them in their keeping oFthe rule arKI their corntnon life together. The reports delivered at Synod and Master's Council by the chapters, are critical in helping the Master and his councll engage with and understand the needs of the brethren. The Society of the HO Cross conty'nues to be the oldest and orwJinal Society in the Church ol England lor priests who live and work urtder RuEe. Lt exists to Increase the spirituality of the clergy, SUPFOrting them in all matters spiritual and temporal, and to support them in preaching, teachlng and living the Catholic faith in their parlshes, to evangelise the people, and to work for the eventual reunion of all thristians.
SOCIETAS SANCTAE CRUCIS (The %ocie(Tr Ibl. th¢ Holy Li'o%%l TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRUSTEES. RESPONSIBILrnES Law applicable to charities in Ertgland and Wale5 requires trustees to prepare financial stateffjèn15 for each financial year, which give a true and fair view of the staternent of the charity's financial attivities durlng the year and of its financial p051tion at the end ol the year. In preparing the financial statements giving a true and fair view, the trustees should follow best practi and.. selett suitsble accounting policies arkl apply them consistentavj observe the method5 and principle5 ir? the Charities SORP,. make judgements and estimates that are reasonable and prudent, State whether applicable accounts'rbg stantsrds have been followe(f subject to any material departures disclosed and explained In the financial 5tatements,' ppa financial statetneiits on the going concern basis unless it is inapproprote to presume that the Charity will continue ro opeote. Trustees are responsible for keeping prwtr accounting records which disclose with reasonable accuracy at any titne the financial position of the charity and which enable them to ensure that the financial statements comply with relevant legislation and the trust deed. They are also responsible lor safeguarding the assets of the charity and hence taking reasonable steps ft)r the prevention and detection of fraud and other irregulariti. Approved by the Trustees and signed on thelr behalf by: Fr Cart Schaefer SSC- Provlncial Master Fr Robin Jones SSC- Twsurer Date.. Date..
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIETAS SANcfAE CRUCIS I report to the twstee5 on my exarninats'on of the accounts of Societ65 Sanrtae CrLfiS (Society of the Hdy Crossl I'the Charity? for the year ended 31 December 2025. This report is made to the Trustees, as a body, in accordance with the terms of my engagement. My work has been ulldertaken so that I might carry out an Independent Exarninat50n of the financial statements in acwdance with the C*neral Directions given by the Charity Commissioners. To the fullest extent permitted by law, l (k) rTrot actept or assume re5wnsibility to anyone other than the Charity and the Charity's Trustees as a body lor my work or for this report. Responsibilitie5 and basis of report As the Trustees ol the Charity you are responsible for the preParatn ol the accounts in accordance with the quirements of the Charitie5 Act 20111'the Art'l. I report in respect of my examination of the Charty's accounts caryied out under section 145 of the 2011 Act and In carrying out my examination I have followed all the applitable Directionsgiven by the Charity CotHmi55ion under section 14515llbl ol the Act. Independent examiner's statément I have cotnpleled my examination. I confirm that no materrol matters ve corne to my attention in connection with the examination giving me cause to believe that in any materia1 respect.. ccounting cOrdS were not kept In respeLt of the FoUrndatn as required by settion 130 of the Att,. or 2. the accounts do not accord with those rewrds,. or 3. the accounts do not comply with the applicable quIreMents COnrning form and content of accounts set out in the Chadties (Accounts and Reports) Regulations 2008 other than any requirement that the aCCOLSnts give a'true and fair view. which 15 not è matter considered as part of an independent examination. I have no COnrS and have come across no other matters in connection ¥vith the examination to which attents'on should be drawn in th15 report in order to enable a proper understandirKJ ol the accounts ro be reached. 65 Leadenhall Street Lon(lon EC3A 2AD Greg Stevenson, F.C.A. Knox Cropper LLP Chartered Accountants Date.. 2026
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SOCIETAS SANcfAE CRUCIS BALANCE SHEET AT 31 DECEMBER 2025 Notes 2025 2024 FIXED ASS5 Investments Ll 291,614 179,520 CURRENT ASSETS Debtors Cosh at Bank 12 13 1,860 31,208 33,068 660 172,125 172,785 Creditors.. Amounts f311ing due within one year Net Current Assets 14 29,534 167,085 TOTAL NET ASSETS 321,148 346,605 FUNDS Endowment Fund Restricted Fund Unrestricted Funds TOTAL FUNDS 15 67,403 24,509 229,236 321,148 79,696 17,902 249,007 346,605 The Financial Ststements We 3pprovaJ by the Trustees on 2026 and signed on thtyr betha by.. 04 ILL Fr Carl Schaefer- Master Fr Robin Jones- Treasurer The Notes on Pages 10 to 19 form an integral part ol these Flnancial Ststements.
SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 STATUS S(Kietas Sanctoe Crucis (The Society of the Holy Crossl is an unincorwrated charity, register&1 with the Charity Commission with registered number 297891. A description of the Charity's operations and principal activities can be found In the Report of the Trustees. ACCOUNTING POLICIE5 (al Basls of Accounting TFE Accounts have been prepared under the historical cost COnventn as modified by the revaluatic ol Investments at Maet value and In accordance with applicable Accounting 5tandard5. They have been prepared in accordance with the Staletnent of Recommended Practice (Accounting ar ftep0ng by Charities) preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) Second Edition issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102 March 20181 and the Charities Act 2011. The Charity constitutes a public benefit entity as define(t by FRS 102. The accounts have been prepared to give a 'true alld lair, vlew ènd have departed from the Charities (Accounts and Reportsl Regulations 2008 only to the extent required to provide a'true and lair vlew. This departure Involved following Accounting ènd Rep)thng by Charities prepanng their accounts in accordan with the Financi31 Reporting Standard applble in the UK and Republic of Ireland {FRS1021 rather than the Accounting and Reporting by Charities Statemerit ofRecommended Prarti effective from l April 2005 which has Sin beer) withdrawn. The Trustees consider that there are no unrtaintieS atout the Charity's ability to continue as a going COnrn. The funrtional and prentaknonal currency of the Charlty Is the E Sterling. Ibl Income Income 15 reccgnised in the year once the charity has entitEement to the incorre, il 15 probable that the incorne will be received and the amount of incorne receNable can be measured reliably. Income is deferred only when the Chanty has to fulfil conditions before becoming entitled to it or the donor hè5 speafied that the income has to be spent I 8 future period. tX>nations are recognised when the Charity receives the inc(The. Investment Income is recognlsed on the date on wh1ch the dividend is payable or the interest arise5. Icl Resources Expended Liabilitie5 are retognised as expenditure as soon as the is a legal or construLtive obligatK)n committing the Charity to tFt expenditL5re, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Raising Funds RaSslng Funds consists of fundraising costs. Charitable Activities Costs of Charitable Activities include grants to individuals and organlsations and dIrt costs asK(iated with the MIs5ion, Retreat Costs and Archives.
SOCIETAS SANcfAE CRUCIS NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) sUprt Costs Suprort Costs are costs Incurred on adrninistrallon of the charity and Include Governan Costs, which comprise all costs involving the public accountability of the Charity and its Complian with regulation and good prattl. Idl Grants Grants payable are tharged in the year in which the offer is conveyed to the recipient except in those cases where the oller is conditionél, such grants being rniSed as expenditure when the conditions attaching a fulfill&. (el Fund Accounting General funds a unrestricted funds whith are available for use at the discretion of the Trustees in furtheran of the general objectives of ttrE charity and which have not been designated for specific purFK)5es. Assets and Liabilities a attributed to appropriate funds. Restricted and Endowrnct Fur)ds are thce to LE used in accordance with the specific requirements of the donors or which have been raised by the charity for particular purposes. The cost5 of raising and administering Such funds are charyed against the specific furf. The aim and use ol ead) restrict&J lund arKI the endowment fund is set out below. The Master General's Fund These are restricted fLJnds contrlbuted by the Provin$ of Wales, The Ameri5, Australasia, and England and Scotland to be spent by the Master General in his work. The Master General has sole control as to how they are spent. Mi95i0n Dirert- These are restricted fLJnds to be spent upon Mission actiVitS as recommended by the M15510n Committee in consultation with the Master's Counc41. Mission Direct Endowment - This is an endowment fund set vp uslng exi5tiw stricted Mission Direct Monies lo provide an ongoing income for the making of grants by the Missio Dirett Committee, The Provincial Master's Dlscretlonary Fund - These are restricted monie5 to be spent by the Provincial Master of England Scotland as he sees fit, within the aims of the Charity. The SSC Conferences and Synods Fund The are monies given for conferen5 and training, such as'Leading your Church into growth,, 'Stand up lor Jesus, and Symds. The General Fund - These are unrestrltted monies, which may be spent by the Prownce of England and Scotland as required. Value Added Tax The Charity 19 not reglstered for VAT and accordingly where applKable, all eXpendIre incurred is induswe of VAT.
SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) Igl Investments The Charity's Investments are a form of basic financial ifjstrument and a initially recognlsed at their transaction value and subsequently tnea5ured at their fair value as at the balance sheet dats using the closing quoted market pri. The statement of liywncial attivities includes the net gains and losses arising on the revaluatlW5 and disposals thmughout the year. Realised gains and 1055es on Investsments are arrived at by comparing the net sale preedS with the n7arket value at the end of the previous financial y@ar. Unreali5ed gains and I0eS psent the differen between the market value of inVtmentS still held at the end of the financial year with their value at the Winning of the year or with thar cost if purchased subsequently. Ihl Debtors Trade and other debtors a recognised at the Settlement amount due after any trade discount offered. Prepayments are valued at the amount preid net of any trade diKounts due. Cash at Bank Cash ar bank Is defined as cash and short term highly liquid investments with a short maturity of three tnonth5 or lesg frotn the date of acquis11ion or opening of the deposit or similar account. Creditors and pmvisions Creditor5 and provisions 6re rec(NJnised where the charity has a present obligatlon resulring from past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Qeditor5 and provisions are normally recconised at their settlement amount after allowing for any trade discounts due. {k} Reserves The 5ocvety maintains Reserves of at least six months, wcxth of monies, required to fund the artivities of the soctY. DONATIONS AND LEGACIES Unrestricted Restrlcied Endowment 202S Total 2025 Master f*netal's Incoffe Glft Alded Sub¥ription5 Income Tax Recoverabk on sub5cripb.ons Non-Gift Aided Sub5crlptions Donations Donations for MiSsn Dirert Gift Aided rncotne Tax Recover3ble on MiSsn Dlrert DonatnS for Mi55hJn Direct Non-Glft ASded Misslon Dlrert Collections 8equests 1,620 1,620 10,854 2,480 1,162 253 2.062 479 665 7,300 $04 10,854 2.480 1,162 253 2,062 479 665 7.300 504 15,253 12,126 27,379
SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 DONATIONS AND LEGACJES (tontlnued) Unrestrfrted Restricted Endowment 2024 Total 2024 Master Gefjeral'5 In¢tyne Gift Aided Sub5cription5 Income Tax Recoverab on Subscriptknns Non-Glft Aided SUb5c¥lPtS Donations Donations for Missn threct Gift AK1ed Inccme Tax Recoverable on Missiun Direct Donations for M155ion thrett Non-Glft Ah1ed Mission DireLt Collertions Bequests 250 250 11,485 2,533 836 300 2,530 11,485 2,533 836 3( 2,530 825 730 825 730 131,523 131,523 146,677 4,335 151,012 CHAIUTABLE ACTIVITIES Unrestrirted RestriLtsd Endowment 2025 Total 2025 Retreat Income Unrestrlcted Restrlrted Endowment 2024 Total 2024 Retreat Income 2,450 2.450 OTHER TIIADING INCOME Unrestrlrte Re5trtcted Endowment 2025 Totsl 2025 Sale of 8fy)ks, Crosses, etc. 1,300 1,300 Unrestrirted Restricted Endowment 2024 Total 2024 sa of BOo, Crosses, etc. 424 424
Pègt: 114 SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 INVESTMENT INCOME Unrestiicted Restrirted Endowment 2025 Total 2025 Bank Interest CCLA Dividends 1,200 4,781 342 1,542 6,T32 5,981 2,293 8,274 Unr85tricted Restrkted En¢JtMment 2024 Total 2024 nk Interest CCLA Diwdends 147 2.966 507 1,905 654 4.871 3,113 2,412 5,525 COSTOF RAISING FUNDS Unrestrl¢ie Restrlcted Endowment 2025 Totsl 2025 MissSon Oirect Box Printing Purthases for Fiesale 990 15,395 990 15,395 16,385 J6,385 Unrestricted Restricted End04vment 2024 Totsl 2024 Mission Dlrett Box Printlllg Purchases for Resale
SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITABLE ACTIVITIES Unrestrithd Restricted Endowment 2025 Total (rett Costs 2025 Retre3t Costs Ar£hFves Mission tlrett Grant5 Gifts Ixhei tknnations Syncxjs Costs AcfA Council & Executive Pusey Guild Suppctrt Costs ltsote 91 49 1.230 49 1,230 9.050 4,025 loo 6,829 1,547 2,078 9,050 4,025 100 6,759 1,547 2,078 843 4,213 8,078 12,291 20,744 17,298 38,042 Unrestrirted Restrirted Enthiwrllent 2024 Total Direct Costs 2024 Retreat Cosrs Atchive5 MIS5n Dirett Grants Gifts Other Donation5 Synods C05Is AA Countsl & Exe£utlV2 Pusey 1 Support Cost5 (note 91 2,856 2,856 8,200 8,200 129 4,880 1,475 2,037 235 2,249 129 1,475 2,037 235 4,086 1,837 13.861 10,037 23,898 SUPPORT COSTS VnrestriLted Restricted Endowment 2025 Total 2025 Offida1 Expens PublICatn5 Printing & Postage IndepÈn(fent Examination Bank Charge5 2,197 8,078 10,275 476 960 560 476 980 560 4,213 8,078 12,291 Gtsvernance Costrs InclLJde5 atnounts payable to the Independent examiner of £98012024.. £6501. No trustee expenses were incurred12024.. £Nill.
SOCIETAS SANCTAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 SUPPORT COSTS (continued) Unrestrirted Restricted Endowment 2024 Total 2024 Offoal Expense5 Publications Printin9 & Postage Independent Examination Bank Charges 1,033 171 io 650 385 1,837 2,870 io 650 385 2,249 1,637 4,086 10. STAFF COSTS The Charity has no staff, wlth administration being undertaken by the Trustees. 11. INVESTMENTS ssc Investments Mission l)irert Investments 2025 Total 2024 Totsl lal Quoted Investmenrs at Market Value 224,211 291614 Ibl MoveTh*nts in Investments Market value as at l January 2025 Additions is[saI5 Reali5ed GainsllL055esl Unrealised GainsllLossesl 109,310 120,000 70,210 179,520 120,000 175,503 5,099 2 807J._ 67,403 7,906 Narket value at 31 DeTrmbcr 2025 224,211 291,614 179,520 The carrying amount of financial assets measured ar falr v6lue through income and e¥penditure within Inve5tmefits Is £291,61412024.. É179,5201.
SOCIETAS SANcfAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. DEBTORS 2025 2024 Prepayments- Unresiritted Funds 1,860 660 13. CASH AT BANK AND IN HAND Unrestrirted Restrirted Endowment 2025 Totsl 2025 6,402 14 24,792 31,194 14 Petty Cash 6,416 24,792 31,208 Uniestricte(I Restrirteil Endowment 2024 Total 2024 Cash at Bank petty Cash 141,910 93 19,926 710 9.486 171,122 142,003 20,636 9,486 172,125 14. CREDITORS Unrestrirted Restritted endowment 2025 Totsl 2025 editors Accruals 2,271 283 2,554 3.251 283 3.534 Unrestritted Restricteil Endowment 2024 Total 2024 Qeditors Atciuals 2,616 350 2,734 5,350 350 2,966 2,734 5,700
SOCIETAS SANcfAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 15. CHARITY FUNDS Balance at 1.1.2025 Incoming Restsur$ Outyoin4 Resource5 Gains and Lvsses Balance at 31.12.2025 Fulld and fype Transfers ljiirestricteil General Fund 249,007 22,534 I37,2} (S,9) 229,236 Aestrlctett Mission Direci SSC Conference, Syiiots, Ptwnci61 Masterf5 Dis(iebon3ry Fund 1,915 1,157 66 12,682 19,0501 9,496 15,033 Master General* Fund Totsis L7,902 14,419 117,2981 9,486 24,509 Endowment Mlssion DIFe(t .$96 19,4861 12A071 67,403 Totals 346,605 36,953 (54,5041 17,9061 321,14B Balance at 1.1.2024 Incoming Re50urce5 Oyt90iris ResouKes GaiTrs and LDW$ BalaFKe at 31.12.2024 and type Transfers Unrestricted General Futyd 152,664 12,7(Xll 2,446 249,W7 Restrl¢ted 3,618 6,497 I8,2} 1,915 1,157 SSC Conlerenie, Synods. etr. Pr¢vino61 Masterf5 Lh5(retsonary Fuiid Master General¥ Fur Sub fotals 250 18,492 6,747 17,902 Eft1¢)wEnt 78,125 1,57L Totals 207,025 159.411 I?3,87 4.017 346,605 A Description of ihe Restrited and EndowmÈnt Funds is given In Note 2lel on Page 11.
SOCIETAS SANcfAE CRUCIS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. NET ASSETS BETWEEN FUNDS Unrestricted Fund5 Restrlrted Funds 2025 Totsl Endowmet Fixed ksets Current Assets Creditors 224,211 8,276 (3,2511 229,236 67.403 291,614 33,068 13,5341 321,148 24,792 2831 24,509 67,403 Unrestricted Funds Restrlcted Funds 2024 Total Endowments Fixed A55e15 Current Assets Qeditors 109,310 142,663 12,9661 249,007 70,210 9,486 179,520 172,785 (5,700) 346,605 20,636 12,7341 17,902 79,696 17. RELATED PARTIES During the current and prior year5, 3 number of Trustees made doi)ations to the Charityin the normal cour ol giving. In addition there w35 reimbursement of Trustees expenses undertaking the Charlty's busin$, which are further disclosed ifi the Trustees Rewrt.