## St Bernadette Trust Registered Charity Number 510981 # **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025** |**CONTENTS:**|**PAGE**:| |---|---| |Trustees' report|2-4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the accounts|7-8| |Independent Examiner's report|9| ## **ST BERNADETTE TRUST TRUSTEES' REPORT TRUST PARTICULARS** ## **REGISTERED NUMBER** 510981 ## **REGISTRATION DATE** 6th February 1981 ## **TRUSTEES** Maria Hill (Chair) Paul O'Donnell (Treasurer) Peggy O’Donnell (Secretary) June O'Donnell Barry Dean Tracey McAtamney Rebecca Boulton Lucy Kennedy Liam Kennedy Tina Hastings ## **REGISTERED ADDRESS OF TRUST** 39 Lychgate Close Burbage LE10 2ES ## **INDEPENDENT EXAMINER** Ciaran Fawcett 103 Hinckley Road Coventry CV2 2ES 2 **ST BERNADETTE TRUST TRUSTEES' REPORT** ## **OBJECTS** To provide financial assistance to enable sick and disabled persons to visit Marian shrines. ## **RESPONSIBILITIES OF TRUSTEES** The law requires the Trustees to prepare financial accounts for each financial year, which give a true and fair view of the state of affairs of the Trust and of the deficit or surplus on the Trust for the year. In preparing those financial accounts the Trustees are required to: - i. select suitable accounting policies and then apply them consistently. - ii. observe the methods and principles of the Charities SORP (FRS 102) - iii. make judgements and estimates that are reasonably prudent. - iv. state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements. - v. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the Trust and to Enable them to ensure that the financial accounts comply with the Charities Act 2011 (As amended by the Charities Act 2022) . They are also responsible for safeguarding the assets of the Trust and hence taking reasonable steps for the prevention and detection of fraud or other irregularities. ## **FINANCIAL RESULTS** ## (a) **UNRESTRICTED FUND** Total income this year was £20,393, consisting of £100 Interest received, £15,255 in Dividends and interest, £4,736 in Donations; and £302 in Lourdes Pilgrimage receipts, being the sale of sweatshirts. The Trustees wish to express their thanks to the Catenian Association Coventry Circle for raising £800 and funds raised in remembrance of former trustee, Tony Cotterill. Total expenditure in the year was £16,044, which included expenditure on Grants for £12,063. Investment management fees were lower as in the previous year the transfer to a new broker had incurred additional costs. This left an excess of income for the year of £4,349 after deducting other expenses. Sales of investments realised a profit of £107 and the unrealised increase in the value of holdings in the investment portfolio was £84,439. The overall increase in the value of the unrestricted fund was £88,895. A transfer was made to the restricted fund, representing the change in the value of the investments attributed to that fund for the year based on the opening balances. This amounted to £11,635 growth in value over the year. ## (b) **RESTRICTED FUND (Lourdes St. Bernadette Trust Pilgrimage Fund)** The Trust organised its thirty eighth annual pilgrimage to Lourdes in 2025, on which there was an excess of expenditure of £4,136. A transfer to the fund was made, representing the attributable growth in the value of investments held in that fund. The fund balance increased by £7,499 over the year. 3 ## **ST BERNADETTE TRUST TRUSTEES' REPORT** ## **GRANTS** Grants made in the year totalled £12,063, comprising of £7,663 to St. Bernadette Trust Pilgrims, £1,000 to HCPT, £1,600 to Birmingham Diocesan Pilgrimage and £1,800 to Across Pilgrims. Since formation, the Trust has made grants totalling £295,064 to a total of 894 pilgrims. ## **INVESTMENTS** The market value of the Trust's investment portfolio at 1st January 2025 was £276,460. There were no investments purchased in the year, although there were disposals of £12,205. At the end of the current financial year, the value of the Trust's portfolio of non-cash investments was £348,694. The overall value of the investments increased by £72,234 in the year. Cash transfers to the investment account in the year were £20,000 retained in cash, and interest and dividends paid into the bank account amounted to £14,938. Charges of £3,549 were incurred. Asset disposals realised a profit of £107. Unrealised valuation gains amounted to £84,439. Bank balances disclosed reflect funds held on deposit both within the managed investment account and on deposit with the Charity’s bank. (£84,964 and £7,089 respectively at 31[st] March 2026) Gross revenue generated from investment accounts was £15,255 with associated costs of £3,549, giving net income of £11,706. A transfer from the unrestricted fund to the restricted fund was made in the year. This amount represents the investment gains, based on the balance of the restricted fund, over the year. ## **GOING CONCERN** The Trust remains in a strong financial position. The Trustees therefore consider that the Trust will continue as a going concern into the foreseeable future. On behalf of the Trustees: P. V. O'Donnell – Trustee Signed date 21[St] July 2026 4 ## **ST BERNADETTE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025** |||**Unrestricted**|**Restricted**|**Total**|| |---|---|---|---|---|---| ||**Note**|**Funds**|**Funds**|**2025**|**Total 2024**| |||£|£|£|£| |**INCOME**|||||| |Interest received||100|-|100|196| |Dividends and interest||15,255|-|15,255|13,562| |Donations||4,736|-|4,736|1,028| |Lourdes|||||| |Pilgrimage|||||| |receipts|2|302|32,494|32,796|25,429| |**Total income**||20,393|32,494|52,887|40,215| |**DIRECT CHARITABLE EXPENDITURE**|||||| |Lourdes|||||| |Pilgrimage|||||| |expenses|2|302|36,630|36,932|29,131| |Grants||12,063|-|12,063|15,663| |Administration||130|-|130|145| |Investment Fees||3,549|-|3,549|7,059| |**Total expenditure**||16,044|36,630|52,674|51,998| |**Excess of income**|**over expenditure**|4,349|(4,136)|213|(11,783)| |Profit/(loss) on investments:|||||| |Realised||107|-|107|(4,753)| |Unrealised||84,439|-|84,439|28,416| |**Net movement**||88,895|(4,136)|84,759|11,880| |Fund Transfers||(11,635)|11,635|-|-| |Fund balances at 1st|January|309,768|49,431|359,199|347,319| |**Fund balances at 31st December**||387,028|56,930|443,958|359,199| 5 **ST BERNADETTE TRUST BALANCE SHEET AS AT 31ST DECEMBER 2025** |Note
**FIXED ASSETS**
Investments
3
**CURRENT ASSETS**
Stock
Bank balances
Debtors
Net current assets
Net assets
Represented by:
**FUNDS**
Unrestricted funds
4
Restricted funds
4|**2025**
£
3,187
92,077
-|£
348,694
95,264
443,958
387,028
56,930
443,958|**2024**
£
3,489
70,776
8,474|£
276,460
82,739| |---|---|---|---|---| |||||359,199| |||||309,768
49,431| |||||359,199| The accounts on pages 2 to 8 were approved by the trustees on 21[st] July 2026 M B HILL ……………………………………. P V O’DONNELL ……………………………………. 6 **ST BERNADETTE TRUST NOTES TO THE ACCOUNTS 31ST DECEMBER 2025** ## **1. ACCOUNTING POLICIES** ## (a) General convention These accounts have been prepared under the historic cost convention as modified by the revaluation of Investments and in accordance with applicable accounting standards and the Statement of Recommended Practice: Accounting and Reporting by Charities. ## (b) Investments Investments are included in the accounts at their market value at the end of the financial year, capital gains and losses both realised and unrealised are reflected in the Statement of Financial Activities. ## (c) Funds Surpluses (Losses) arising on pilgrimages are treated as Restricted Funds - Lourdes Fund. Other unrestricted funds are regarded as General Funds to be applied in accordance with the Charity's objects. Investment gains (Losses) are apportioned to the funds in proportion to the relative valuation of the funds during the year. There are no designated funds. ## **2. SURPLUS (DEFICIT) ON LOURDES PILGRIMAGE** |Receipts
Expenses
**3. INVESTMENTS**
Quoted investments
Market value at 31st December 2024
Additions
Disposals
Net unrealised investment gains/(losses)
**Market value as at 31st December 2025**
Historic cost as at 31st December 2025||**2025**
£
32,494
36,630
(4,136)
**2025**
£
276,460
-
(12,205)
84,439
348,694
238,963||**2024**
£
25,218
28,920
(3,702)
**2024**
£
295,419
68,305
(115,680)
28,416| |---|---|---|---|---| |||||| |||||| |||||276,460| |||||251,168| 7 ## **ST BERNADETTE TRUST NOTES TO THE ACCOUNTS 31ST DECEMBER 2025** ## **4. FUNDS** |Unrestricted -
General Fund
Restricted - Lourdes
Fund|**£**
**£**
**Balance 1st**
**January 2025**
**Income**
309,768
20,393
49,431
32,494
359,199
52,887|**£**
**£**
**£**
**£**
**Expenditure**
**Transfer**
**Gains/**
**(losses)**
**Balance 31st**
**December**
**2025**
16,044
(11,635)
84,546
387,028
36,630
11,635
-
56,930| |---|---|---| |||52,674
_-_
84,546
443,958| ## **5. SUMMARY OF NET ASSETS BY FUNDS** |**Unrestricted**
£
Fixed assets
291,764
Net current
assets
95,264
**Net assets**
387,028
**OTHER INFORMATION**

Number of employees
No trustee received any remuneration.
Independent Examiner's fee|**Restricted**
**Total**
£
£
56,930
348,694
-
95,264
56,930
443,958
**2025**
**2024**
Nil
Nil
Nil
Nil| |---|---| ## **6. OTHER INFORMATION** 8 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST BERNADETTE TRUST** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2025. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Signed: _Ciaran Fawcett_ _Date: 5[th] July 2026_ _Address 103 Hinckley Road Coventry CV2 2ES_ 9