2023-04-01-accounts - The Catholic Record Society

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CATHOLIC RECORD SOCIETY British Catholic History Reg’d Charity no. 313529

www.crs.org.uk

Annual Report 2022-2023

&

Notice of Annual General Meeting 2023

Secretarial Address (for general correspondence):

Dr Scholastica Jacob St Antony’s Priory, Durham secretary@crs.org.uk

Membership Secretary

(for correspondence on subscriptions, changes of address &c):

Dr Carmen M. Mangion membership@crs.org.uk

From the Chair of Council

Looking back at last year’s Annual Report covering 2021–2022, the continuing experience of turbulence and change stands out clearly – disruption to our capacity to travel, to come together, and for researchers to access archives, and rapid changes in publishing and in communication. The current year just ending has been calmer on several of these fronts but the transformation in academic publishing and in digitisation continue apace.

There’s a good deal to learn from experimenting with new formats, whether for publications, the website, meetings, or conferences, as you will read below. There’s also much to be gained from simply meeting up in person and we hope everyone gathering at Hinsley Hall for the 2023 conference will enjoy that experience. It’s the first time the CRS Conference has been held at Hinsley Hall so feedback on the experience to our Conference Director, Dr Helen Kilburn, will help in making decisions for next year’s venue.

During the year CRS signed a new agreement with the publisher of its Record Series, Boydell & Brewer, which means that electronic and print-on-demand versions will be available for institutions and individuals to buy from them, in addition to the hardback texts printed for members with some for purchase. These additional modes of publication will increase accessibility and reduce costs: almost all university libraries are purchasing books in electronic format, and we plan to undertake a marketing exercise to universities in conjunction with Boydell.

As I reported last year, Cambridge University Press, publisher of British Catholic History , is continuing to move towards Open Access (OA) publishing. The Editorial Board of BCH met with a senior representative during July for a more detailed discussion of the implications for CRS, for authors, and readers. CUP continues to take a considerate approach to learned membership societies and to assist us in gradually moving to OA while retaining hard copies for members. We are grateful to the Board and to Dr Katy Gibbons, editor of BCH , for guiding us through this complex development.

Our own digitisation projects are making steady progress. In the autumn we plan to launch ‘Catholicism in Numbers’, the fruit of work undertaken by doctoral student, Tim Kinnear under the guidance of Dr Alana Harris at King’s College London and partially sponsored by CRS. Many scholars have extracted data from the Catholic Directories , such as the number of priests or missions/churches, over the years. Catholicism in Numbers aims to provide a permanent and accessible resource of data in the form of tables drawn from the English and Welsh, Scottish and Irish directories, with explanations about the statistical methodology used, accessed via the CRS website and freely available.

The intention is to follow this digital resource with a series of others. In the pipeline is a digital map of priest holes, in the process of being built by Paul Hodgetts from his father Michael’s work. It’s likely to be a popular resource and of particular use for schools and the wider public. Thanks to Dr Liam Temple for overseeing these and other digital projects at the planning stage.

CRS now has a new promotional flyer. Please contact Dr Carmen Mangion, Membership Secretary, if you would like some to hand out at an event. Use of the flyer has resulted in a number of new members and I’d like to take the opportunity of this Annual Report to welcome them.

You may remember that earlier this year the Newsletter noted our Treasurer for the past five years, Patrick Powell, was standing down and that we were searching among the membership for a new

Treasurer. It’s not an easy role to fill in most charitable bodies given the skills and experience needed. We have a happy, though temporary, outcome: Father Peter Harris, already on the Council, has kindly agreed to become Hon. Treasurer and Patrick has agreed to continue doing the book-keeping and financial work as previously, but without attending meetings, for which we are very grateful. We now have another year or two to find a new Treasurer, so, please, if you know anybody who might fit the bill and be interested, do contact me.

During the coming year Dr Scholastica Jacob will lead a review of the CRS Constitutions in her capacity as Secretary. Custodial Trustees support the review in principle and will be party to the process. The intention is to present a revised text to next year’s AGM.

Whether you are able to join the AGM in person, online, or simply through reading this Annual Report to catch up with the news, your continuing friendship and support of the Catholic Record Society is greatly valued.

Susan O’Brien chair@crs.org.uk

Annual Report 2022–23

1. Membership of Council

a. The Society’s Honorary Officers were confirmed in their offices.
b. Dr Liam Temple was elected for a three-year term.

c. Dr Scholastica Jacob replaced Dr Serenhedd James as Honorary Secretary. Dr James continues to sit on the awards committee.

2. Financial Report

The Treasurer is pleased to report that the Society’s finances remain sound as demonstrated by the figures set out below. Accounts for the year ended March 31, 2023, have been drawn up by King Hope Chartered Accountants and independently examined.

Information/comments on incomings/outgoings (with prior year comparatives):

(a) Income was made up as follows:

Donations Subscriptions Investment income Conference income Sales, royalties Other Income (see below) (b) Expenditure Grants Publications Conferences Management and admin Governance	2022	2022	2023	2023

	1000		1000
	8488		8168
	18384		19281
	-		3289
	1673		2938
	-		26648

	29545		61324


	2703		1700
	4906		28445
		-	5746
		2923	7658
		3116		-

		13648		43549

Net income		15897		17775

Total net resources were £17775 compared to £15897 for 2022.

The value of investments at 31 March 2023 was £711656 a decrease of £6394 compared to 2022. Cash held at 31 March 2023 was £62598 an increase of £17058 compared to 2022.

Members should note that the net income for the year of £17775 is supported by a one-off distribution totalling £26648 received from the Andrew Duncan trust which was wound up during the year. Without this the Society would be showing a loss for the year of £8873 arising from the catch up cost of publications post Covid and the poor investment returns which were disappointing after a much better performance in our previous year (profit of £74808). Accounts to March 2023 also recognise a debt to Cambridge University Press of over £13000 resulting from their late - but correct - supply of their invoices. This debt is being paid off over several years.

Peter Harris, Honorary Treasurer treasurer@crs.org.uk

3. Membership Report

a. The membership of the Society at 31 March 2023 comprised 153 individual members in Britain and Ireland, 16 international individual members, and 21 religious houses and small libraries.

b. The following have joined (or rejoined) the Society: Dr Lucas Volksman (UK); Mrs Mel Eyeons (UK); Dr Eilish Gregory (UK); Brian Kelly (UK); Mr Richard Freeman-Wallace (UK); Tim Guile (UK):

c. The Society has noted with sadness the deaths of Mr Michael Hodgetts, Canon Tony Harding, Mr George Sutton and Mrs Martha McDade. Jesu mercy; Mary pray .

Carmen Mangion, Membership Secretary membership@crs.org.uk

4. Editorial Reports

a Volumes

Dr Jade Scott’s completed volume The Life and Letters of Lady Anne Percy is now with the publishers for publication in early Spring 2024.

Michael Hodgett’s second volume of Little Malvern Letters will be published posthumously with the agreement of Michael’s son Paul and the generous offer of additional support from Professor Bill Sheils. Date of publication is yet to be confirmed.

b. Journal

The usual two issues have been published during the year.

CUP proposed and BCH has accepted price changes for the coming year which reflect the increasing cost of print copies.

We are in consultation with CUP about a ‘special issue’ of BCH to mark Michael Hodgett’s work by gathering together a selection of Michael’s articles published in Recusant History/BCH to be published on the BCH home page.

More detailed discussions have been held about transition to Open Access.

5. Research Awards 2023

a. Thanks to the generosity of the late Dr David Rogers and the late Mgr Michael E. Williams, former members of the Society, the Society is able to offer small annual research grants.

Grants for 2023 have been awarded to:

Jeanne Michelle Datiles for an archival research visit to the Borthwick Institute for Archives in York and to the British Library and National Archives in London for doctoral research (Catholic University of America) for a dissertation entitled “Sisters of the North: Kinship, Religion and Memory and the women of Catholic Yorkshire, 1553-1642’. Amount awarded £800.

Dr Caroline Lesemann-Elliott for postdoctoral research in the Durham University Palace Green Library Special Collections in the summer of 2023 for an article on music and liturgy at English Poor Clare convents in exile during the long seventeenth century. This research is also towards a monograph about exiled English convent music 1600-1750. Amount awarded £634.

b. CRS Research Award Protocol

The timetable for reviewing applications for awards needs to be reconsidered. Many applications now come in for research support in the Autumn or Spring, for research to be undertaken during the summer. Waiting until proposals are ratified at the AGM effectively means that the award comes too late to carry out the research at the time originally proposed. Now we are online, researchers see this facility as part of a general search for funding, whereas previously a good number of applications came via word of mouth, often through the suggestion of a CRS member. Our present system is more open, as the website was intended to make us, and for the modest amounts of money being sought, it is unreasonable to expect candidates to apply more than a year in advance, as our present system strictly enforced requires. It is proposed that the sub-committee has delegated powers, through Council, to decide on these applications which will be ratified by Council either at a Spring meeting in April/May or by email circulation if no meeting is scheduled, and that the decisions are reported to the Society at the AGM. In effect this is what happens already. It is proposed that the Society protects its interest by fixing the annual budget each year at the AGM, advised by Council as to the sum.

Having listed the research awards and the documentation required, information on this process will be amended as follows:

‘applications for awards should normally be received by the Chair of the Sub-Committee before I April in the year for which the award is required. Council will make a decision about the awards in early May and applicants should receive confirmation of its decision by 20 May’. (I have put in ‘normally’ to permit consideration of good, if late applications, should funds still be available)

Professor Bill Sheils, Chair of Awards Sub-Committee

6. Archives

The CRS archives were transferred from Downside Abbey to The Bar Convent, York in March 2022, to facilitate access for the archivist we had engaged to list them. This work was carried out at the end of March and beginning of April 2022 and a first stage report of the contents of the archives has been received. Unfortunately, the archivist has suffered bouts of ill-health during the last few months and so the final report, which will include comments and recommendations relating to the

physical state of the material, has not yet been completed. Meanwhile, we are gathering additional material from past officers of council and the society is very grateful to Dr. Hannah Thomas, Collections Manager at the Bar Convent, for continuing to house the archives and additional papers, in the short term. If any members of the society have papers relating to the history of the society or any aspect of its work which they think should be included with the archives I would be pleased to hear from them. When we receive the final report from the archivist, we will be able to identify any gaps in the collection and will appeal to members for copies of specific material to fill them. At that point Council will also be able to decide where the archives should be located permanently and to make appropriate arrangements for further cataloguing and for any necessary conservation work.

Judith A. Smeaton

7. Thanks

The Society remains grateful all those whose generosity has ensured its smooth-running and ongoing success in the last year.

Minutes of the AGM of 2022

held online and at the Bar Convent on Tuesday 12 July at 11.45 a.m.

Present in person: Professor Judith Champ, Dr Aidan Enright; Dr Brian Casey; Dr Francis Freeman; Mrs Margaret Harcourt-Williams; Fr Peter Harris; Sr Patricia Harris CJ (representing the Bar Convent); Dr James Kelly; Dr Helen Kilburn; Professor Bill Sheils; Mrs Judith Smeaton; Dr Liam Temple; Dr Hannah Thomas.

Apologies had been received from Dr Arblaster, Dr Gibbons, Bp Hudson, Dr Mangion, Dr Nockles, Dr O’Brien, and Mr Powell.
Minutes of the 2021 AGM . These were agreed as a true record; there were no matters arising.
Annual Report 2021-22. This was adopted nem con , proposed by Fr Harris and seconded by Dr Thomas.
Annual Accounts 2021-22 . These were adopted nem con , proposed by Dr Doyle and seconded by Mrs Smeaton.
Council . Dr Liam Temple was elected for a three-year term, proposed by Dr Kelly and seconded by Mrs Smeaton.
Date and venue of AGM in 2023 . In Dr O’Brien’s absence this was deferred to a future meeting of Council.
AOB . Mrs Smeaton thanked Dr James for his service to the Society as its Honorary Secretary, from which office he retired at the end of the meeting.

The 2023 Annual General Meeting of the Catholic Record Society will held at the

AGENDA

Apologies for absence
Minutes of the 2022 AGM & Matters Arising
Adoption of the Annual Report 2022-23

4. Adoption of the Annual Accounts 2022-23

5. Council Election

Dr Mangion comes to the end of her first three-year term at the AGM, and is willing to stand again for re-election.

6. Date and venue of AGM in 2024

Any Other Business to be submitted to the Secretary in advance.

CRS Annual General Meeting 2023 Tuesday 25 July at 12.15 pm

REGISTERED CHAIUTY NUMBER: 313529 rt of the TnteeS and Financial Staiements for the Year Ended 31 March 2023 for Th¢ Catholic Rccord Societ King Hope Chartercd Accountants 34 Romanby Road NORTHALLERTON North Yorkshire DL7 8NF

The Catholic Recoi'd S ietv Contents of the Financial Statcrn¢nts for the Year Ended 31 March 2023 Page Report of the TNstees I to 4 Independent Examinevs Report Ststement of Financial Activities Balance Sheet Notes to the Financi Statements 8 to 17 Detailed Statement of Financial Activities 18 to 19

The CatholiL Record S(Kiet . Re ort of the T]ustees for the Year Ended 31 Mar¢h 2023 The trusiees present their repon wtth the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the pmvisions of A¢¢ounting and Reporting by Chariiies.. 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 1021 (effective l January 20191. 0ECTIVEs AND ACTIVITIES Objectives and aim$ The Catholic Record Society was esthblished on 10 June 1904 with the aim of advancing education in cOnntIon with the history of Roman Catholicism in the British Isles since the Reforn)ation. Sigllificant activities The activities of the Society are the Collation and reyiew of anicles for inclusion in the journal of the Society and the publication of manuscripts and other texts for the Sociews Volumes 2nd Mtsnographs, the three Day Annual Confcrence and the considerdtion ot grnit applications. The Soci¢ty also en¢ourag¢s th¢ d¢v¢lopm¢nt of re8ional Catholtc Hi%tory day5. The joujllal British Catholic HTrstory is available electronically, as well as ill hard copy, so a5 to its research results more widely available. In setting the objectives and plaJ]ning the activities for the year the Trustees have given ¢arefL¥I considerniion to the Charity Commission's general guidance on public benefit. Membership of the Society and ¢ontributioDs to its activiti¢s are welcome from anyone regardless of religion, ro¢¢ and gender. ACHIEVEMENT AND PERFORMAF4CE ChArltable actlvltles The Society produced its core publication British Catholic Hislory, in conjunction with Cambridge University Press (CUP) with all p&8t volumes atMI rnonogTaphs available on the Societls wcbsit¢. Thc Socicty I. currently Cking to appoint an Editorial As8iStant thc focu8 of thc rale to be on bk reviews as well as looking at other proposals to future proof the re¢ord-series and gaining uryder readership. The CRS prize for all article was awarded for the third year ill 202212023. The Society continues to seek ways to expand the w¢bsite as a Wdy to fvlfil the Societls charitable objectives. During the year, the Society published Volume 89 in the Record Series.. Philip Pertys Essay on the Life and ma]erS of Robert Gr05sete5te, edited by Jack P CurtTJingha with fLh¢T publications in progress for release in subsequent years. Future volumes (and the recent backlist} will be also be available via print-on-demand and as e-books published by Boydell & Brewer. A hybrid a1Ual conference was held in July 2022 with some (klegates gathering at The Bar Convent, York. and others participating online. Although the Society had invested in Streatning equipment to tnake this happ¢n, the overall experience was mixed. H8ving had io be cancell¢d in the pnor year due to COVID19 resiriciions, the York History Day was once again able io go ahead in June 2022. Grants froTn Rev. Michael Williams and David Rogers Research Fund5 were made thout regard to the applicants. membership ofthe Society and made two awards to researchers during the y¢aT. During the year discussio continued with the Andrew Duncan Trnst regarding ihe traJLsfer of outslandiDg fvnds to the Society which eventually took place on 7 Mar¢h 2023. The funds transferred forni a new restricted fund to be administered for research grants. Investment performance Following global and ecoTknmic pressures in th¢ current financial year, Ihe investments have reported an overall decrea5¢ in value of £6,394 (being ullrealised losses net of deemed dividend illcome). Income is DOW automatically reinvested in the portfolio but this decision can be reversed if ¢ircuIElStances change. P2ge I

Th¢ Catholi¢ Record Societ . Re rt of the Trustee5 for the Year Ended 31 March 2023 FINANCIAL REVIEW Investment polley and objectlves The Societys inYestTnents are managed by CCLA Fund Managers Ltd in accordance with the wnstitution. Reserves poliey It is the policy of the Society to maintain suffi¢ient funds to cover management and administrdtion and support cost5 and platLned publications, for which donations are not received. for the following twelve months. The unrestricted liquid fid$ at the year end amounted ro £15.256 12022 - £35,161) are considered to be suifL¢ient for these purposes. The trustees consider that sufficient liquid funds can be generated from other income W.1St income from investments is cutrcntly being autoinatically reinvested. The tTUStees note thai the nate of the funds held with CCLA Fund Manager5 Ltd are such that investments Can be realised as and when required. but acknowledge market pri¢ing will pr¢vail at the time of reali5atioll. A sumw of the fitmncial results is Sho01 on page 6. STRUCTURE. GOVERNANCE Al+lD MANAGEMENT Governing doeument The Catholic Record Society is a membership society governed by a ¢onstitution rnost recently amended at the 2020 Annual Oeneral Meeting and which took effect from the 2021 Annual Generdl Meeting. It is a charitable organisatlOD regisiered under the Charities Act 2011. Orgsnisational strllctllre A president and up to four vice presidents hold honorary oifj¢es wtthout fitwi¢ial and administrative responsibilities. The appoiTJtmet)ts are made by the Council although noi for a f)xed iemi- the Council may at any lime tem)inate such appoiDtTllents. The affairs of the Society are managed by a Council hereby ternied the Trusiees, consisting of up to four Custodial Tjusiees, six elected members (following the constitutional amendment of 2007) and up to Six Honorary Officers. The Council is elected by the members at the Annual General Meeting and elected rnembers hold o*fice for a period of three years. Honorary 0)cerS are appointed by the Council and hold office for four years. Custodial Trustees are appointed by the Council, although not for a fixed temi. The Chaimw) of Council is ¢Ited for a four year terni at the riTSt meeling afier the office l)as fallen vacant. In addition to the elected members, the Council may co-opt up to thrtt fi]rther members who shall a]ready be full members of the So¢iety and shall serve until the conclusion of the next Annual Genernl Meeting after co-option. Atrangements have been made for regular liaison beiween Custodial Trustees and Couneil. Ib5k management The Trustees have a duty to ideniify and review the risks to which the charity is exposed and to ensuie appropriate controls are in place to provide reasonable assurdnce against fiaud and error. The Trustees annually review the tigks that the Society faces. To date these haye mainly related to investrnent management and have been ameliordted by diversifjed portfolio tmanagement. The Couxcil has examined the major strdt¢gi¢ bustness and operational risks. wbich the Sobiety faces and confinns that systems have been established to enable regular repons io be produced so that the necessary steps Can be taken to lessen these risks. REFERENCE AND ADMIF41STIL4TIVE DETAILS Registered Charity lluber 313529 Prlnelpal Address 114 Mount Street LONDON WIK3AH Pag¢ 2

Th¢ Catholic Record Sociei ort of the Trustees March 202 Trustees CM51odi41 Trustees Mr S Jamieson Mr A Fitzalatj Howard Mr P Doyle MA, PhD, FRHist S Mrs J SMeat0 B& MA Elected & Appointed Members of Coullcfil Dr S OBriell- Chair Dr H Thomas, BA, MA, PhD- Conference Director P Powell- Hon Treasurer. Dr S JaTlles- Hon. Secretsry - tesigned 12.7.22 Dr P Arbla5ter- Volume5 Editor Dr K Gibbons- Journal Editor. Fr P Harris Dr J Bush- resigned 12.7.22 Dr C M Mangion- Hon. Membership Secretary Dr P No¢kles, PhD Professor J Champ Dt M Power Professor B Shells- co-opted 12.7.22 Dr H Kilburn, FHEA- Conference SecretarylDirector Dr L Temple- elected 12.7.22 Dr S Jacob- appointed Hon Secreiary 12.7.22 resigned 12.7.22 IHonordry Officers) Presldent The Rt Revd Mgr Nicbolas Hudson MA. STL, Auxiliary Bishop in the Archdiocese of Westminster Vlee PresldentS The Rt Revd Di Abbot G Scott OSB, MA. PhD. FSA, FRHistS The Lx)rd Mark Fitzalall Howdrd OBE Professor Dr V.A. Mcclelland, PbD, FRHistS M Hodgetts- died 12.12.22 Independent Examiner Sarah Anderson BS¢ (HoJ]sl FCA King Hope Chartered Accountants 34 Romanby Road NORTHALLERTON North Yorkshire DL7 8NF BaDker$ The Ro1 Bank of Scotland Pl¢ London Belgravia Branch 24 Grosvenor Place LONDON SWIX 7HP Investment Advisers CCLA Fund Managers Limited Senator House 85 Queen Vi¢toria Street London EC4V 4ET Page 3

The Catholic R¢cord Societ R¢ n of thc Tte¢S hey rE for Approv¢d by order of the b02rd of tNStees on 29 Jun¢ 2023 and signed on its behalf by.. Mr A Fitzalan Howard- Tnjstee Page 4

lttde dent Examillevs Re rt to the Tru5te¢s of The Catholic Record Societ Independent examiner's report to the trustees Of The Catholic Record Society I report to the charity tsustees on my examination of the accounis of The Caiholic Record Society (the Trust) for the year ended 31 March 2023. Responslbiiltles and basis of report As the charity ttustees of the Tntst you are responsible for the preparatioll of the accounts in accordance with the requirements of th¢ Charitie5 Act 2011 I'the Act,). I report in respect of my exaTnination of the Tnt'S accounts caTTied out ullder Section 145 of tbe Act aud in carryiD8 Out y examination I have followed all applicable DirectlOIiS 8ivell by the Charity Con15$10 under Se¢tion 14515}(b) of the Act. Independent examiner's Statenttt I have completed my examination. I confjrm that no material matters have come to my attention in connection with the eAamination giving me cause to believe that in any material respect.. accoullting records were not kept in respect of the Trust as required by Section 130 of the Act" or the accounts do not a¢¢ord with those records; or the accounts do Jk)t comply wich the applicable requirements collcernillg the forni and content of accounts set out in the Charities (Accounts alld Reports) Regulations 2008 other than any requirement that the aceounts give a true and fair view which is not a nvdtter COldered as part of an independent examination. I have no ¢on¢ems and have come across no other matters in comjection with the exaTninatioll to which attention should be drawll ill this report in order io enable a proper undetstanding of the accounts to be reached. Sarah Anderson Bsc (Hons) FCA King Hop¢ Chartered Accountants 34 Ro]nanby Road NORTHALLERTON North Yorkshire DL7 8NF 10 July 2023 Page 5

Th¢ Catholic Record Societ . sleMent of Financial Activiiies for the Ended 31 March 2023 2023 Total fimds 2022 Total U)estrIcted Restri¢ted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie# 1,000 I,(K)O Charltable aetlvlties Publications & Subscriptions Conferences 11,106 3,289 11,106 3289 10,161 tllvestment income Other income 13.649 5.645 26,638 19,294 26,638 18.384 Total 29.044 32.283 61,327 29.545 EXPENDrruRE O Charitable activities Publications & Subscriptions Conferences Management & Admin. Grdnts 28.445 5,746 7,658 28.445 5,746 7,663 1,700 4,906 6,039 2,703 1.700 Totthl 41,849 1,705 43,554 13.648 N¢1 gaIn(lo$S¢S) on inveslments (18,094) (7,423) (25,517) 56,429 F4ET INCOMEI(EXPENDITURE) (30,899} 23,155 17,744} 72.326 RECOPICILIATIOIY OF FUNDS Total filnds brought fonvard 548,737 223,308 772,045 699.719 TOTAL FUNDS CARRIED FORWARD 517.838 246,463 764.301 772,045 Th¢ not¢s forni part of these flllancial statements Page 6

The Catholtc Record Societ Balance Sheei 31 March 2023 2023 Total funds 2022 Total nds Unrestricted fund Restricted fimds Noies FIXED ASSETS tlltangible assets Tangible assets Investments 12 13 14 2,816 1,397 498.369 2,816 1,397 711.656 4,409 213,287 718,050 502,582 213.287 715,869 722,459 CURRENT ASSETS Debto Cash in hand 15 3.569 29,420 3,569 62,596 8,146 45,540 33,176 32.989 33,176 66,165 53,686 CREDITORS Aount5 falling due Mithin one year 16 (17,733) (IV 733) (4,100} NET CURRENT ASSETS 15,256 33,176 48,432 49,586 TOTAL ASSETS LESS CURRENT LIABILITIES 517,838 246.463 764,301 772,045 NET ASSETS 517,838 246,463 764,301 772,045 FUNDS Uwestri¢teil fund5 Restricted fvnds.. Rt Rev Michael Williams Fund Dovid Rogers Research Fund The Andrew C Duncan Catholic History Trust 17 517,838 548.737 209.953 9,864 26,646 212,456 10,852 246.463 223,308 TOTAL FUNDS 764.301 772,045 The financial statem¢nts were approved by the Board of Trustees and auth(Frised for issue on 29 June 2023 and were gigned on its behalf by. AL PILL Mr A Fitzalan Howard- Trustee The notes forni part ofthese fmancial statements. Page 7

The Catholic Record So¢iet , Notes to the Financial Sthiements for the Year Ended 31 March 2023 Accouf4TING POLICtES Basss of preparing the fjnancial ststements The financial Statements of the charity, which is a public benefit entity undeF FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accountillg and Reponing by Charities.. Statement of Recotntnended Pra¢tice applicable to ¢harilies preparing their accounts in a¢cordan¢e with the Financial Rq)orting Standard applicable the UK and Republic of Ireland IFRS 102) [eeCtiVe l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared und¢r the historical cost conveniioo, with the exception of itivestments which are included at market value. as Jnodified by the revaluation of certain assets. The principal accounting policies are summarld below. cons151ently throughout the year and in the preceding year. The accounting policies have been applied Income All income is recognised in the Statement of Financial Activities once the charity has eniiilement to the fimds. it is probable that the income will be received a[ the amount can be measured reliably apart from Ltfe SubYriptions which are credited to ullrestricted funds over a period agr¢ed by the Trustees. The followqng specific policies are applied to particular categories of income.. Voluntary income is received by subscriptions and donations and is included in full in the Statement of Financial A¢tivilies when r¢ceivable. Any income rettived from Life Subscriptions is recognised on receipt. Investmeni income is included when receivable, including the elemeni of deemed income on accumulation units. Incoming resour¢es from ciwitable trading activity ar¢ accounted for when earned. Incoming resources from grants, where relaied to perf0ml¢¢ and specific deliverables, are a¢counied for as the charity earns the right to Consideration by its perfonnance. Expendlture Liabilities are recogllised as expenditure as soon as there is a legal or coll5truclive obligation committing the charity to that expenditure, it is probable that a trdnsfer of economic benefjts will be required in settlement and the amount of the obligation ¢an be measured reliably. Expe[lture is accounted for on an a¢¢nlS basis and has been classified under headings that aggregaie all wst related to the ¢at¢gory. Costs of generating fimds comprise the costs associated with aitracting voluntary income wthere applicable and the costs of investtnent management. Charitable expenditure ¢ornpris¢s those costs inwrred by the charity in the delivery of its activities and services for its beneficiaries. Governance costs include those costs associated with meeting the constitutional and statutory requiren)ents of the Charity and include the independent examiners fees and costs linked to the strategic management of the ciwity. Grants offered subject to Conditions which have not been met at the year end date are noted as a ¢onunitm¢nt but not 8ccrned as expenditure. Intangible assets Intangible assets relates to production of digital journals and website development costs wkn.ch are amortised on a strdight line basis gver EKriods of 10 and 4 years respectively. Page 8 continued...

The Catholic R¢¢ord Societ Notes to the Flltsncial Stat¢nwits- continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued TaDgible fixed assets Depreciation is provided at the ftsllowin8 annual rates in order to wyite off each asset over its estimated usefvl Equipment 25 % on cost TaxAtion Tbe charity is exempt from t&K on it$ clwitable activities. Fund aeeounting Unresiri¢ted fi]nds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fill]ds can oijly be used for particular r¢stri¢ted pulposes within the objects of the charity. Resirictions arise the specified by the d¢)nor or when futtds ore raised for p&rtiGular restricted purpose5. Further explallation of the nature and purpose of each fvnd is in¢luded in the notes to the financial statements. DONATIOF4S AND LEGACIES 2023 2022 Donation5 I,oots 1.000 NVESTMENT INCOME 2023 2022 Divtd¢nds & Unit Trust Income Deposit Interest 19,123 171 18,379 19,294 18,384 INCOME FROM CHARITABLE ACTtvrriES 2023 2022 Activity Publications & SubscriptiODS Subscriptions Sale of Back Issues and Royalty Income Annual Conference & Generdl Meeting York History Day 8,168 8.488 Publications & Sub5CriPtions 2,938 1.673 Conferences Conferences 3,034 255 14,395 10,161 Page 9 continued...

Th¢ Catholic Record Societ Notes to the Financial Svdtements.. continu¢d 20 OTHER INCOME 2023 2022 TraTtsfer from unincorporated charity 26,638 On 7 March 2023, the Andrew C Duncan Catholic History Trnst charity was closcd and it was agreed that th¢ balance of funds would be transferred to the Society to be athninistered as a restricted fimd. CHARITABLE ACTIVITIES COSTS Grant funding of activities {see note Direct Costs (see noie 7) Support costs (see note 9) 8} Totals PublicatiODS & Subscriptions Conferences Management & Admin. GrdTJts 28,445 5,746 28,445 5.746 7.663 1,700 7.663 1,700 34.191 1,700 7,663 43,554 DIRECT COSTS OF CILIRITABLE ACTIVITIES 2023 2022 Annual confence & General Meeting York History Day CUP Member Charge {in¢luding earlier yeaTS) Storage costs CRS article award Essay on the Life and Manners of Robert Grossete5te Rites of Durham Archive Relocation costs 5,386 360 13.117 508 500 7,970 6.350 454 500 1,273 2,679 34,191 4,906 GRANTS PAYABLE 2023 2022 Grants 1,700 2,703 During the year applicatsons wer¢ mad¢ to th¢ Rev. Michael Willianjs Research and David Rogers Research Funds and total awards of £800 {2022- £2,343) and £900 (2022 - £360) respectively were made. Page 10 continued...

The Catholic R¢cord Societ Notes to the Financial Staternents - continu¢d for the Y&v Ended 31 March 2023 SUPPORT COSTS Inforn]atio tecljnology Governance costs Management Totals Management & Admin. 1,104 2,058 4.501 7.663 Support costs. included in the above, are as follows: 2023 Management & Admin. 2022 Totsl activities Postage and stationery (refimded to Trustees) Sundries Website maintenance Development officer eollsultancy fees Amortisation of intangible fixed assets Depreciation of tangible fixed assets Council Meeting Costs {refiJnded to Trustees) Room hire for Council Meeting Independent Examiners Fees AGcountan¢y Bank charges PajaI charges 245 357 502 124 452 750 1,597 1,593 465 1.136 192 445 2,549 154 25 165 435 2,301 147 68 7,663 6,039 10. TRUSTEES, REMUNERATION AND BENEFITS There were no Inthes, remuneratton or other benefits for the yr ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses 2023 2022 Trustees, expenses 1,381 165 The expenses were paid to Council Mcmbers as reimbursement of out of pocket expenses and for travel costs incurred for attendance at Council Meetings. Pagell ontinued...

The Catholic Record Societ Notes to the Financial Sialements- continued for the Year Ended 31 March 2023 ii. 2022 COMPA114TtVES FOR THE STATEMENT OF FL¥ANCIAL ACTIVITIES Unrestricted Restricted fund funds Total fi]nd5 INCOME AND ENDOWMENTS FROM Donaiiot]s and legacies 1,000 Charitable activities Publicalions & Subscriptions 10,161 10,161 Inv¢s¢ment income 12,976 5,408 18,384 Total 24,137 5,408 29,545 EXPENDITURE ON Charitable activities Publscations & Subscriptions Management & Admin. Grdnts 4.906 6,039 4.906 6,039 2,703 2,703 Total 10,945 2,703 13,648 Net gains on investments 39.835 16.594 56.429 NET INCOME 53,027 19299 72,326 RECONCILIATION OF FLTr4DS Total ndS brought fonvard 495,710 204,009 699,719 TOTAL FUNDS CARRIED FORWARD 548,737 223,308 772,045 12. INTANGIBLE FIXED ASSETS Di8ital Journa]s Website development Totals COST At l April 2022 and 31 March 2023 6,857 3,640 10.497 AMORTISATION At l April 2022 Charge for year 3,430 686 2,658 907 6,088 1,593 At 31 March 2023 4,116 3,565 7,681 NET BOOK VALUE At 31 March 2023 2,741 75 2,816 At 31 March 2022 3,427 982 4,409 Page 12 continued...

The Catholic Record Societ Notes io the Financial Statements- continued MaTch 202 TAf4GIBLE FIXED ASSETS Equipment COST Additions 1,862 DEPRECLiTION Charge for year 465 NET BOOK VALUE At 31 March 2023 1,397 At 31 March 2022 14. FIXED ASSET IP4VESTMENTS Listed investments MARKET VALUE At l April 2022 Additions Revaluations 718,050 19,123 {25,517) At 31 March 2023 711,656 NET BOOK VALUE At 31 March 2023 711.656 At 31 March 2022 718,050 All investments were held in the UK to provide an itivestt retum for the charity and were as follows.. Market Value 31 March 2023 31 March 2022 Unrestricted Restricted Fund £ Fund £ Market Value £ Cost £ Tothl £ Cost £ COIF Charities Investment Fund {A¢cumulation Units) 603,647 498,369 213,287 711,656 603,647 718,050 603,647 498,369 213,287 711,656 603,647 718,050 Cost or valuation at 31 March 2023 is represented by.. Listed investments Valuation sn 2021 Valuatton in 2022 Valuation in 2023 39,595 74,808 16,394) 603,647 711,656 P#g¢ 13 continued...

The Catholic Record Societ . Notes to the Financial slements- Gonlinued for the Year Ended 31 March 2023 14. FIXED ASSET INVESTMENTS- continued The Societys Portfolio has b¢¢n ind¢pcndcntly valued by CCLA Fund Managers Limit¢d. 15. DEBTORS: AlVtOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Royalties due Prepayments 2,520 1.049 5,344 2.802 3,569 8,146 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors Subscriptions received in advallce 16,466 1,267 3,563 537 17,733 4,100 17. MOVEMENT Ir4 FUNDS Net movemet]t in funds At 1.4.22 31.3.23 Unr¢strRcted funds General fimd 548,737 (30,899) 517,838 Restri£ted fllDds Rt Rev Michael Williams Fund David Rogers Research Fund The Andrew C Duncan Catholic History Trust 212.456 10,852 (2,503) (988} 209,95J 9,864 26.646 26,646 223,308 23,155 246,463 TOTAL FUNDS 772,045 17,744} 764.301 Pag¢ 14 continued..

The Catholic Record Societ Notes lo the Financ Stat¢ments- continued for the Year Ellded 31 MaT¢h 2023 17. MOVEMENT IN FUNDS- continued movement in funds, included in the above are as follows.. Incomtng resources Resources expended Gains and losses Movement in fimds Unreslri¢ted funds General fimd 29,044 {41.849) (18.094) (30.899) Restricted funds Rt Rev Michael Williams Fund David Rogers Research Fund Th¢ Andrew C Duncan Catholic Htstory Tnt 5,360 272 {800) {900) (7.063) (360) 12,503) (988) 26,651 (5) 26,646 32,283 (1,705) {7,423) 23,155 TOTAL FUNDS 61,327 (43.554) (25,517} (7,744} Comparatives for movement in funds Net rnovernent in funds At 31.3.22 At 1.4.21 Unre$trlttea funds General fund 495,710 53,027 548,737 Restricted funds Rt Rev Michael Willialhs Fund David Rog¢rs R¢s¢ar¢h Fund 193.888 10,121 18,568 731 212.456 10,852 204,009 19,299 223,308 TOTAL FUNDS 699.719 72,326 772,045 Comparative net movement in funds, included in the abtsve are as follows.. Incoming resources Resources expended Gains and losses Movement iti fimds Unrestricted fuDd8 General fund 24,137 (10,945) 39,835 53,027 Restricted funds Rt Rev Michael Williams Fund David Rogers R¢%¢awh r.und 5,140 268 {2,3431 13601 15,771 823 18,568 731 5,408 (2,7031 16,594 19,299 TOTAL FUNDS 29,545 {13.648) 56,429 72,326 Page 15 continued..

The Catholic Rword Societ Notcs lo the Financial Stat¢ments- continued for the Year Ended 31 MaTch 2023 17. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 months combined positson is as follows.. Nei movement in fid5 At 31.3.23 At 1.4.21 UDf¢51ri¢ied fund$ General fund 495,710 22,128 517,838 Restricted funds Rt Rev Michael Williams Fund David Rogers Research Fund The Andrew C Duncan Catholic History Tru 193.888 10.121 16.06S {2571 209,953 9.864 26.646 26,646 204,009 42,454 246,463 TOTAL FiINDS 699.719 64,582 764,301 A eurrent year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Encoming resources Resources ¢xpended Gains and losses Movement in funds Unrestrieted funds General fvnd 53,181 {52,794) 21,741 22,128 Restricted funds Rt Rev Michael Williams Fund David Rtsge Re5earth Fund The Andrew C Dun¢an Catholic History Trusi 10,500 540 {3.143) {1.260) 8,708 463 16,065 (2571 26,651 (5) 26,646 37,691 {4,408) 9,171 42.454 TOTAL FUNDS 90,872 {57,202) 30,912 64.582 18. RELATED PARTY DISCLOSURES Please refer to note 9 in respect of TteeS expenses reimbursed. In the prior year, following agrccment by the council. Dr S Jarnes a council member Wds paid a consultancy fce for prornotional a¢tivities and development amounting to £750. No such pa>ments were made iti 2022123. Pag¢ 16 continued...

Thc Catholic Record Societ Notes io ihe Fin2ncial Statements- ¢ontinu¢d 19. RESTIUCTED FUNDS David Ro ers Reseawh Fund The David Rogers Research Fund was e5tablish¢d to help defray the costs of trdv¢l to libraries and archives by researchers. Rt Rev Michael Willian]s Fund In 2006107 a donation of £125,000 was receiv¢d from the Rt Rev Michael Williams and 8 restricted fjjnd established. The purpose of the fund is to en¢ourdge the scudy of historic connections between Rollla Catholicism in Englattd and Wales with the situation in other tountries in Europe in the post reforniation era through grdnts to defray the trdvel attd basic subsistenc¢ costs of research. During the year interest has been elit¢d to th¢ fund. The Andrew C Duncan Catholic Histo Tnt The fidS were transfeed to the Society in March 2023, with the trust having been originally founded by the late Captain Andrew C. Duncan. OBE, RN, to provide bur&qries primarily for students from outside the United Kingdom wishing ro corne to Britaill for a short ti]ne to study aspects of the history of the Catholic Church in Great Britain siJKe the Ref¢)rnution. Ea¢h of the thre¢ restricted flu8 are open to any applicant. Sufficient resources in each fid were held in liquid fomi to enable the fimd to be applied within its tern. Page 17

Thc Catholic Record Societ D¢tsil¢d Statement of Financial Aciiviiies for the Year Ended 31 March 2023 2023 2022 INCOME AND ENDOWMENTS Dollatlons and legacies Donations 1,000 1,000 Investment Allcome Dividends & Unit Tn1 Income Deposit Interest 19,123 171 18.379 19,294 18,384 Charitable activities Subscriptions Sale of Back Issues attd Rosplty Income Annual Conference & General Meeting York History Day 8,168 2.938 3,034 255 8,488 1.673 14.395 10.161 Other income Trnfer from unincoryorated chariry 26,638 Total incoming rewmrces 61,327 29.545 ExPENURE Charitable attivitiefj Arnllal Confcrence & General M¢eting York History Day CUP m¢ber charge (including earlier years) Storage costs CRS articl¢ award Essay on the Life and Manners of Robert Grosseteste Rites of Durha Archive Relocation costs Grdnts to individuals 5,386 360 13,117 508 500 454 500 7,970 6,350 1,273 2,679 2.703 ,700 35,891 7,609 Support costs Management Postage and stationery (refunded to Council members) Sundries Website maintenance Development oificer consultancy ftts 245 357 502 124 452 750 1,104 1.326 This page does not form part of the ststutory fll)ancial statements Page 18

The Catholic Record Societ tktailed Statem¢ni olFinancial Activities for the Y¢ar Ended 31 March 2023 2023 2022 ManagemeDI Information teehnology Digitsl Journals Websiie development Deprtciation of equipment 686 907 465 686 911 2,058 1,597 Governanee Costs Council Meeting Costs {refjJnded to Trnstees) Room hire for Council Meeting Independent Examiners Fees Accountancy Bank charges Paypal Charges 1,136 192 445 2,549 154 25 165 435 2,301 147 68 4,501 3,116 Total resources expended 43.554 13.648 Net income before g8ins and losses 17,773 15,897 Reali5ed recogni5ed gains #Dd losses Unreaiised gaInlI05ses} on red asset invesunents {25,517} 56,429 Net {expenditUTeyincfjme (7,744) 72,326 This page does not forni part of the statuiory fmancial statements Page 19

The Catholic R¢cord Societ R¢ n of thc Tte¢S hey rE for Approv¢d by order of the b02rd of tNStees on 29 Jun¢ 2023 and signed on its behalf by.. Mr A Fitzalan Howard- Tnjstee Page 4