CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YFAR ENED 31 DECEMBER 2023
CONTENTS
PAGE
TRUSTEES AND OTHER INFOF<MATION
34
TRUSTEES, REPORT
5-8
TRUSTEES, RESPONSIBILITIES STATEMENT
INDEPENDENT AUDITOR'S REPORT
10-13
STATEMENT OF FINANCIAL ACTIVITIES
14
BALANCE SHEET
15
NOTES TO THE FINANCIAL STATEMENTS
16-25

CDNGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL sfATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
TRUSTEES AND OTHER INFORMATION
TRUSTEES:
Provincial Superior Reverend Peter Dowllng
Provlnclal Vicar Reverend Melville Wright
Provincial Treasurer Reverend Darren Maslen
Appolntèd Trustee Reverend Geor8e Dunne
All role5 appointed.. 18th May 2022
ADDRESS,,
4 Dawson Street,
Liverpool,
LI ILE
Unlted Kingdom
INDEPENDENT AUDITOR:
CRS Accountants Limited
Charte￿d Accountants and Statutory Audit Firm
14 Clanwilliam Square
Dublin 2
D02 FK23
BANKERS:
Allied I ri5h Ba nks PIC
Dlrect Banking
PO Box 73306
London W5 9PB
Bank of Ireland
l Marsden Street
M21HW
Manchester

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
TRUSTEES AND OTHER INFORMATION
Bank of Ireland
26 West Nlle Street
G47AG
Glasgow
Royal Bank of Scotland
2139 Paisley Road
Glasgow
G52 31W
SQUCITORS:
PWW Solicltors
84 Eccleston Square
Plmlico
London SWIV IPX
CHARITY NUMBER:
802092

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the audited fina ncial statements for the year ended 31
December 2023.
The financial statement5 are prepared In accordance with the Charities Art, 2022, FR5 102 "The Flnancial
Reporting Standard applicable in the U K and Republic of Ireland, and Accounting and Reporting by Charities.,
Statement of Recomrnended Pracilce appllcable to charities preparing their finincial statements in accordance
with the Financlal Reporknng Standard appllcable in the UK and Republic of Ireland IFRS 1021.
The Trustees Report contalns the Information requlrèd to be provided in the Trustees, Annual Report under the
Statement of Recommended Practise ISORPI guidelines. The Trustees of the charity are also charity Trustees for
the purpose of chsrlty law and under thè charlty's constrtution are known as members of the board of Trustees.
In this report, the Trustees of Congregation of The Blessed Sacraments Charitable Trust UK present a summary
of its purpose, governance. activities, achlevements and frnances for the frnancial year 2023.
The charity is a registered charity and although not obllged to comply wlth the Statement of Recommended
Practise applicable in the UK and Republlc of Ireland FRS 102. the organlsation has implemented Its
recommendations where relevant in these financial statements.
Mlsslon, Objectives and Strategy
Mission Statement
The Trugc was established under a deed of Trust dated 18th of August 1989. The objettlves of the Trust are
charitable in nature with official charitable Status granted (Charitable status number: 8020921,
The Trust is comprised of an Apostollc group of men whose rnission is:
To assist the church in its efforts to form Christian communities whose centre of life Is the Eucharist.
To allow the mystery of the Eucharist to take hold of their lives so completely that they live this mystery
fully and proclaim its meanlng through variou5 ap05tolates;
To respond to the hungers of the hu man family with the riches of God'5 love manifested in the Eucharist.
To strive to rnake Christ in the Eucharist better known and loved through prayer in the presence of the
Eucharist and an active Apostolic Ilfe,.
To proclaim the Eucharist as a powerful fortr of renewal for Churth and soclety,
They commit themselves to carry out this mission In collaboration with the laity,
They combine prayer and work in order that the entire world may be totally transformed i nto people of God, the
body of the Lord and temple of the Holy Spirit. In solidarity with those who are worklng for genuine hurnan
advancement, they are alert to the social implications of their actions.

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
TRUSTEE5' REPORT-CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
They carry out thelr Eucharistic mission especlally in clty centre shrines and parlshes, Thelr shrines are centres
for EucharIs￿¢ community and evangelisation, places of adoration, celebration and reconclllation, oasis's of
peace in the heart of the city. They make our p3rlshes into authentic communities shaped by the Eucharlst,
source and centre of Ilfe.
There have been no slgnificant changes In these activities durlng the financlal year ended 31st of December
2023.
Composition of the Board of Trustees and Board Appointment Process
The Trustees who served at any tlme during the flnancial year were as follows..
Provincial Superior Reverend Peter Dowling
Provincial Vlcar Reverend Melvllle Wright
Provlncial Treasurer Reverend Darren Maslen
Appointed Trustee Reverend George Dunne
thof
On the 18 May 2022 the Trustees as listed above were appointed to thelr role5. These roles had previously
been filled as follow5:
Provincial Superior Reverend James Campbell
Provincial Vicar Reverend Raphael O'Halloran
Provincial Treasurer Reverend Peter Dowling
Appolnted Trustee Reverend Darren Maslen
Under the Trust Document the Trust Cannot have less than three nor more than five Trustees.
The Trustees that are appointed must Include the ft)Ilowing'.
The Provincial Superior
The Provincia l Treasurer
The Provincial Vicar
In order for the appoInt￿Iernts to be ratifi'ed, each Trustee Must sign his consent In the minute book.

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
TRUSTEES, REPORT-CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Volunteers
The Trustees are very grateful to the unpald volunteers for their time, dedication and enthusiasm. It is
imposslble to q uanknfy the thousands of hour5 given to the Trust by these volunteers each year.
Flnanclal Revlew
The results for the financial year are set out on page 14 and additional notes are provlded showlng Income and
expendlture in greater detsll,
Results
The surplus for the financial year after providing for depreciation amounted to £85,47312022: £83,752 deficit).
At the end of the fi'nancial year the charity has assets of £2,320,33712022 - £2,338,621) a nd gross Ilabllities of
£4,34612022 £108,103). The net assets of the charity as at 31 December 2023 were £2,315,991 {2022:
£2,230,518) an increase by £85,473.
Achievements and performance
The Trustees are satisfied with the performance of the Trust in the year ended 31 December 2023 and its
performance is in keepln£ with their expectations and the aims of the Trust.
Health and Safety
The wellbeing of the Trust'5 employees is safeguarded through strict adherence to health and safety standards.
Health and safety legisla￿On imposes certain requirements on employers and the Trust has taken the necessary
at￿On to ensure compllance wlth the legislation, including the adoption of a safety ststement,
Compliance wlth Sertor Wlde Legislation and Standards
The charity engages proactively with leglslalon, standards and codes which are developed for the sector,
CongreEation of the Blessed Sacrament Charitable Trust UK subscribes to and is compllant with the following,.
The Charlties SORP (FR5 1021
General Economlcs Risk
The demand for the Trust's charitable activltfes and con8regation numbers are dependent on general economlc
conditions. The Trustees manage this risk through their work In the community.

CONGREGATION OF THE BLESSEO SACRAMENT CHARITABLE TRU￿ UK
FINANCIAL STATEMENTS FOR THE YEAR ENE0 31 DECEMBER 2023
TRUSTEES, REPORT-CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Golng Concern
The Trustees are satisfied, havlng madR the approprlate enquirles, that the Trust has sufficient funds, assets
and support available to It to contlnue its charltable activlties, In the coming flnancial year. The flnanclal
statements have been prepared on a going concern ba515.
The Trustees actively review the risks which the Trust faces and believe that any risks Identified are addressed
by themselves In a tlmely basis, Such review5 include ensurlng approprlate controls are in place to provide
reasonable assurance against fraud and error,
Auditors
The Trustees appointed CRS Atcountants Limlted as auditors for the year ended 31 December 2023, These
flnancials 5tstements are their first year as auditors.
Books of Account
To ensure that proper book5 of account are kept, the Trust have employed approprlately qualified accounting
personnel and have maintained computerised accounting systems, The books of account are located at 20
BacheSors INalk, Dublin l.
Subsequent Events
There are no subsequent events that need to be noted.
Approved by the Board of Trustee5 on 23 October 2024 and 518ned on Its behalf by:
Provlnclal Vicar Ileverend Melvllle Wrlght
Trustee
Provinclal Treasurer Reverend Darren Maslen
Trustee

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UI<
TRUSTEES, RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustee5 are responslble for preparlng the Financial Statement5 in accordance with appllcable law and
regularfons.
The law applicable to charitie5 in En8land and Wales requires the Trustees to prepare financlal Statements for
each financial year whlch give a true and fair vlew of the assets, liabilities and financial positlon of the charlty
as at the financial year end date and of the surplus or deficit of the charity and otherwlse comply wlth the
Charlties Act, 2011.
In preparing these financlal statements, the Trustees are required to:
select sultable accounting policies and apply them consistentlv,,
make judgements and accountlng estimates that are reasona ble and prudent;
state whether the flnancial statements have been prepared In accordance with 4ppllcable accounting
standa rds, identify those standards, and note the effect and the rea50n5 for any material departure from
those standards,. and
prepare the financial Statements on the going concern basis unless It Is Inappropriate to presume that the
charity will continue to operate,
The Trustees confirm that they have complied with the above requirements In preparing the financial
statements,
The Tru5tses are responsible for keeplng adequate accounting records that are 5uffi'clent to show and explaln
the charity's transacttons and disclose with reasonable accuracy at any time the financial poSI￿On of the charity
and enable them to ensu re that the financial statement5 comply wlth the Charlties Act 2011. They are a150
responsible for safeguarding the assets of the charlty and hence for taklng reasonable step5 for the prevention
and detecknon of fraud and other Irregularities.
Approved bythe Board of Trustees on 23 October Z024 and signed on Its behalf by:
Provinclal Vlcar Reverend Melvllle Wrlght
Trustee
Provincial Treasurer Reverend Darren Maslen
Trustee

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE Trusr UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE COfrJGREGATION OF THE BLESSED SACRAMENT
CHARITABLE TRUST UI(
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
Oplnlon
We have audited the charlty financial statements of Congregatlon of the Blessed Sacrament Charitable Trust UK
(the 'Charity'l for the fi'nancial year ended 31 December 2023 which comprise the Ststement of Financial
Actlvlties, the Balance Sheet and the notes to the financlal statements, Including the summary of slgnificant
accounting policles set out in note 2. The financlal reporting framework that ha5 been applied in thelr
preparation is UK law and FRS 102"The Financlal Reporting Standard dpplicable in the UK and Republlc of
Irelanca" applylng Section IA of that Standard and Accounting and Reporting by Charltres: Statement of
Recommended Practice applicable to charities preparlng their accounts In accordance with FRS 102.
In our oplnlon, the fln3nclal 5tstements:
-give a trLte and fair view of the assets, Ilabllltles and financlal positlon of the trust as at 31 December 2023,
end of its surplus for the year then ended; and
-and have been properly prepared in accordance wlth FRS 102 "The Flnancial Reporknng Standard applicable In
the UK and the Republic of Ireland"
Basls for oplnlon
We conducted our audit In accordance wlth International Standards on Auditing Ilrelandl IISA5 Ilrelandll and
appllcable law. Our responsibilities under those Standards are further described below In the Auditor's
responslbllities for the audit of the financial statements sethon of our report.
We are independent of the charlty In accordance with the ethical requirement5 that are relevant to our audit
of financlal statements in Ireland, Including the Ethical Standard for Auditors Ilreland} Issued by the Irish
Audlting and Accounting Supe￿i50rY Authority IIAASAI, and we have fulfilled our other ethical respon5ibiliknes
in accordance with these requirements. In keeping with Ethical Standards provlslon available to Small enknties
our cllent engages us as auditors to 8SSlSt with the draftlng of financial statements, returns to the Charities
Regulator and adhoc queries.
We believe that the audit evldence we have obtained is 5ufficlent and approprlate to provide a basis for our
oplnlon.
Concluslon5 relating to golng concern
We have nothing to report in respect of the following matters In relation to which ISA IUKI require us to report
to you where:
The Trustees, use of the going concern basls of accounting In the preparation of the financial statements is not
appropriate; or
The Trustees have not disclosed in the financial statements a ny identr'fled materlal uncertainties that may cast
significant doubt about the company's ability to continue to adopt the going concern basis of accounti ng for a
period of at least twelve month5 from the date when the fi'nancial statements are authorlzed for issue.
10

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
INDEPENDENT AUDITORS RIPORTTO THE MEMBERS OF THE CONGREGATION OF THE BLESSED SACRAMENT
CHARITABLE TRUST UK
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
Other Information
The Trustees are responsible for the other informadon. The other informatlon comprlses the information
included in the innual report, other than the financlal statements and our Auditor's Report thereon. Our
opinion on the financial statements does not cover the other Information and we do not express any form of
assurance concluslon thereon.
Our responsibility 15 to read the other Information and, in doing so, consider whether the other information 15
materially inconslstent with the financial statements, or our knowledge obtained in the course of the audit, or
otherwise appears to be materlally misstated. If we identify such material incon515tencles or apparent material
misstatements, we are required to determine whether there is 8 materlal mlsstatement In the flnancial
statements or a material mi55tatement of the other information. If, based on the work we have performed, we
conclude that there is a material mi55tatement of thls other informatlon, we are required to report that fact,
We have nothlng to report in this regard.
Respecknve Respon51bllltles
Responsibilities of Trustees for the financial Statements
explained more fuSly in the Trustees, Responsibllity Statement set out on page 9, the Trustees are
responslble for the prepara￿on of the financial statement5 in accordance wlth the applicable financlal
reporting fra mework that give a true and fair view, and for such Internal control as they determine is necessary
to enable the preparation of financial 5tatement5 that are f ree from materlal misstatement, whether due to
fraud or error.
In preparing the financlal statements, the Trustee5 are responsible for a55e5sing the charity's ablllty to cOrn￿nue
as a golng concern, disc105ing, as applicable, matters related to golng concern and uslng the going concern
basls of accounting unle55 they either intend to liquidate the charity or to cease operations, or have no realiS￿C
alternative but to do so,
Audltor's responslb11111es for the audit of the financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material mi5ststement, whether due to fraud or error, and to issue an Auditor's Report that includes our
opinion, Reasonable assurance is a high level of assurance, but it is not a guarantee that an audlt conducted in
accordance wlth ISAS Ilre13ndl wlll always detect a material misstatement when it exlsts. Misststements can
11

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRU￿. UK
FINANCIALSTATEMENTS foR THE YEAR ENED 31 DECEMBER 2023
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CONGREGATION OF THE BLESSED SACRAMENT
CHARITABLE TRUST UK
REPORT ON THE AUOIT OF THE FINANCIAL STATEMENTS
arlse frorr fraud or error and are considered material if. indivldually or in the aggregate, they could reasonably
be expected to influence the economlc decislons of users taken on the basis of these financlal statemÈnts,
Further Informatlon re8ardlng the scope of our responslbllltles as auditor
As part of an audlt In accordance wlth ISAS Ilrelandl, we exercise profes51onal judgement and rnalntain
professional scepticism throughout the audit. We also:
Ident1fy and as5e55 n the rlsks of materlal misstatement of the financlal statements, whether due to frdud
or error, desi8n and perform aiidlt procedures responsive to those rlsks, and obtain audit evldence that Is
sufficient and approprlate to provlde a basis for our oplnlon. The rlsk of not detecting a material
mlsstatement resulting from fraud is higher than for one resulting f rom error, a5 fraud may Involve
collusion, forgery, intentional omissions, misrepresentations, or the override of Internal control.
Obtsin an understanding of internal tontrol relevant to the audit In order to deslgn audit procedures that
are appropriate in the circumstances, but not for the purpose of expresslng an opinion on the
effectiveness of the charity's internal control.
Evaluate the appropriateness of accounting pollcies used and reason3bleness of accounttng est(mates and
related dlsclosures made by Trustees.
Conclude on the approprlateness Df the Trustees, use of the going concern basls of accounting and, based
on the audit evidence obtalned, whether a material uncertainty exlsts related to event5 or condidons that
may cast signlficant doubt on the charity's ability to Con￿nUe as a golng contern. If we conclude that a
materlal uncertalnty exists, we are required to draw attention In our auditor's report to the related
dlsclasures In the financial statements or, if such dlsclosures are inadequate, to modlfy our opinion. Our
concluslons are based on the audit evidence obtalned up to the date of our Auditor's Report. However,
future events or condition5 may cause the tharlty to cease to continue as a going concern.
Evaluate the overall presentatlon, structure and content of the financlal Statements, including the
disc105ures, and whether the financlal statement5 represent the underlying transactions and events In a
manner that achleves fair presentstion.
We communicate with those charged with governance regardlng, among other matters, the planned scope and
ming of the audit and signlflcant audit flndlngs, including any significant deficlencies in internal control that
we Identfy during our audlt,
12

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2023
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CONGREGATION OF THE BLESSED SACRAMENT
CHARITABLE TRUST UK
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
The purpose of our audlt work and to whom we owe our responslblllttes
A report is made solely to the charity's members, as a body, in accordance with our en8agement letter dated
15 August 2024. Our audit work has been undertaken 50 that we might state to the charitie5 members those
matters we a re required to state to them in an Auditor's Report and for nc other purpose. To the fullest extent
permitted by law, we do not accept ar assume responsibility to anyone other than the charity and the charity'5
members, as a body, for our audit work, for thls report, or for the oplnions we have formed.
CRS Accountants Limited
Chartered Accountants and Statutory Audit Firm
14 Clanwilliam Square
Dublin 2
D02 FK23
Ireland
24 Ortober 2024
13

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Restrlcted
Funds
2023
Unrestrlcted
Funds
2023
Total Funds
Total Funds
Note
2023
20
Income
Legacles & Wills
Ch8ritsble Athvities
Investments
Total Income Resources
8,478
230,851
8,478
230,851
234,539
ioi
24
Resources Expended
Charitable Activities
Operattonal Costs
Governance Costs
Total Resources
Expended
230,721
19,314
230,721
19,314
206,820
11,2371
112 8Q9
318,392
157A31
15,7431
Net Incomlng loutgolng
Resour¢es
Transfer Between Funds
Other galnsllosses
Unrealised galnsllosse5
on Investments
Net movements In funds
Reconclllatlon of funds
Total funds brought
forward
Fund Balances Carrled
Forward
85,604
85,6t14
183,75ZI
131
131
85,473
85,473
183,752)
351483
351483
Z67 731
83
14

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
BALANCE SHEEf AS AT 31 DECEMBER 2023
Note
2023
2022
Assets Employed
Flxed Assets
Tanglble Fixed Asset5
Investments
12
13
2,019,666
171669
2,191,335
2,009,180
2,010,908
Current Assets
Debtors
Bank
14
22
86
128 916
129,002
85
327 628
327,713
Creditors: (amounts fallln8 due wtthln
one year)
Net Current Assets
Total Net Assets
15
108 103
219 610
124 656
2 315 991
Financed By;
Revaluadon Reserve
Other Reserves
Retsined Surplus
21
21
140,000
2,442,001
266 010
140,000
2,442,001
351483
TRUSTEES
Provlncial Vicar Reverend Melville Wrlght
Trustee
Provlncial Trèasurer Reverend Darren Maslen
Trustee
15

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
l. General Informatlon
The flnancial statements comprlslng the Statement of Flnancial Activities, Balance Sheet and the related
notes constitute the Indlvldual financlal Statements of the Congregatlon of the Blessed Sacrament
Charitable Trust UK for the fin£ncla1 year ended 31 December 2023,
Congregation of the Blessed Sacrament Charlts ble Trust UK ig a Charitable Trust registered In the United
Kingdom under charity nurnber 802092. The reglstered offlce is located at 4 Dawson Street, Liverpool
LI ILE. This is also it5 princlpal place of buslness. The principal activltles of the Trust are set out In the
Trustee's report. The flnancial statements havè been presented1n Sterllng which is also the functional
turrency of the Trust.
2. Accounting Pollcies
The significant accounting policies applled In the preparation of these financial statements are set out
below, These policie5 have been conslstently applied to all years presented unless otherwise Stated.
Statement of Compllance
The charity is a registered charlty and although not obliged to comply wlth the Statement of
Recommended Prac￿Se appllcable In the UK and Republic of Ireland FRS 102, the organisatfon
has implemented its recommendations where relevant in these financial statements.
Basls of Preparation
The financial statements have been prepared on the golng contern basis under the historlcal
cost convendon, mDditied to include certain items at falr value. The financial Statements have
been prepared In accordance with Statement of Recommended Practice ISORPI "Accountlng
and Reporting by Charitie5 preparing their accounts In accordance with the Flnancial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102..
The charity ha5 applied the Charlties SORP on a voluntary basis as it5 appllcatiDTh is not a
requirement of the current regulations for charitie5 reglstered In the UK and Republlc of
Ireland,
Going Concern
The Trustees have reasonable expectation5, having made appropriate inquiries, that the Trust
has adequate resources to continue In operational existÈnce for the foreseeable future. For
this reason, they continue to adopt the golng concern basls.
Income
Income is included in the statement of flnancial activities when the Trust Is legally entitled to
it. its flnancial value 15 quantifled wlth reasonable certainty and there Is reasonable certaintv
of Its ultimate recelpt.
Entitlements to legacie5 Is considered ostablished when the Trust has been notifled of a
distribution to be made by the executor.
16

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Giftsand donations
Gifts and donations are inc5uded in full in the statement of financial actlvltles upon receipt.
Income Is being treated as belng general and unrestricted unless a donor has specified the
manner in which the donations are to be spent, in whlch case it is treated as a restrictive
income,
Resource Expended
All expenditure is accounted for on an accruals basis and has been Included under expense
categorles that aggregate all costs for allocation for activities. When costs can not be directlv
attrlbuted to particular headings, they have been allocated to activities on a basis consistent
with resources.
Support costs are those costs Incurred directly in support of expenditure on the charitable
activities of the Trust. Governance costs are those Incurred in connection with the
ad ministration of the Trust and compliance with constltutional and regu latory requirement5.
Investment Income
Interest income is recognlsed using the effectrve interest rate method.
Flnanclal Instruments
The Trust only has financial assets and liabilities of a kind that qualify as basic financial
Instruments. Basic financial instruments are initially recoEnised at trdnsaction v8lue and
subsequently measured at their settlement value wlth the exception of banklogns which are
subsequently measured at amortised c05t uslng the effective interest method,
Tangible Flxed Assets and Depreciation
Tanglble fixed assets are stated at CQSt less accurnulated depretiatlon and accumuSated
impairment losses.
Depreciation is provided so as to write down the cost of the assets to their estimated useful
lives as follows:
Fixtures, fittings and equipment
Mobile Home
Motor Vehicles
Freehold land and buildlngs are not depreciated.
5% straight line
5% straight line
20% straight Ilne
The carrying value of fixture5, fittlngs & equlpment are revlewed annually for impairment In
periods if events or changes in circumstances indicate that the carrying value may not be
recoverable.
17

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees obtalned a professlonal valuatron on one of the properties as at 30 November
2022. The valuation was carrled out by Paul Burns of Scothsh Property Centre. The valuation
of the property as a result of this valuation was £150,000.
Revaluation of Tpnglble Flxed Assets
Indivld ual f reehold properdos are carried at current year value at falr value at the date of the
revaluation less any subsequent accumulated depreciation and subsequent accumulated
impalrment losses, Revaluation5 are undertaken wlth sufficient regularity to ensure the
carrying amount does not differ materially from that whlch would be determlned using fair
value at the reporting date,
Fair values are determlned from market based evidence normally undertaken by professionally
qualified valuers.
Revaluation gains and 1055es are recognised In other comprehensive income unless losses
exceed the previously recognlsed gains or reflect a clear consumption of economlc benefits, in
which case the excesslosses are recognised in profit or loss. The exception to this 15 there the
galns reverse prevlous revaluation losses that were recognised In profit or loss. The reverse is
credlted to profit and Ioss to the extent of losses wrltten off after adjusting notional
depreciation based on the c05t mode.
2.10
Investments
Investments held as fixed assets are stated at cost provislon for any permanent diminution in
value. Income from investments together with any related tax credit is recognised In the
Statement of Financial Activities in the year in whith It is receivable.
Current asset investments are stated at the lower of cost and net realisable value.
z.ii
Cash and Cash Equlvalents
Cash and cash equivalents In the balance Sheet comprlse cash at bank and in h8nd, depostts
held with financial institutions repayable wlthout penalty on notice of not more than 24 hours.
Cash equivalents are highly liquid investments that mature and no more than three month5
from the date of acquisition and that are readily convertible to known amounts of cash with
Inslgnlficant risk of change in value,
2.12
Trdde and Other Credltors
Trade and other creditors are initially recognised at fair value and thereafter stated at
amortised cost using the effective interest method, unless the effect of discountfng would be
immaterlal, in whlch case they are stated at cost,
2,13
Taxation
The Trust is a not for profit Ofganisation and Is not subject to taxation on its surplus of income.
18

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2.14
Forel8n Currencles
Monetary assets and Ilablllties denominated in foreign currencie5 are translated at the rate of
exchange ruling at the statement of financial position date, Non-monetary items are measured
in terms of hlstorical cost in a foreign currency are translated at the rates of exchange rullng at
the date of the transaction. Non-monetary Items that a￿ measured at fair value In a foreign
currency are translated using the exchange rates at the date when the fair value was
determlned, The resulting exchange dlfferences are dealt wlth in the Statement of Flnancial
Acttvltie5,
2.15
Uablllties and Provisions
Liabilities are recognised when there is an obllgadon at the Ba lance Sheet date as a result of a
past event, it is probable that a transfer of economlc benefit will be required in settlement and
the amount of settlement can be es￿rnated readily. Liabilities are recognised at the amount
that the Trust anttclpates that it will pay to settle the debt. Provi5ion5 are measured at the best
estimate of the amounts required to settle the obligation. Where the effect of the time value
of money is material, the provision is based on the present value of those amounts. discounted
at the pre.tax discount rate that reflects the rlsks specified to the liability. The unwinding of
the discount is recognlsed within interest payable and similar charge5.
2.16
Fund Accounting
General funds are unrestricted funds which are available for use at the dISc￿tIon of the
Trusteos in furtherance of general objectives of the Trust and which have not been designated
for other purposes.
Unrestrirted funds consist of funds recelved which the charity can Spend based at its own
discretion to enable it to achieve Its objectlves.
Designated funds comprise of unrestricted funds that have been set aslde by the Trustees for
par￿cular purposes, The aim a nd use of each deslgnated fund is set out in the Trustees, Report,
Restricted funds are funds which are to be used in accordance with specific restrlctions
imposed by donors or which have been raised by the tharity for particular purposes. The costs
of raising and adminlstering such funds are charged against the specific fund. The aim and use
of each restrlcted fund is set out in the notes to the financial statements,
Investment income, gains a nd105ses are allocated to the approprlate fund.
2.17
Exemption from the production of a Statement of Cash Flows
The Trust has availed ofthe exemptions underS3.18 under FRS 102 to not produce a statement
of cash flows.
19

CONGREGATION OF THF. BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical Accountln8 Ethmates & Judgements
The preparation of these financial statements requlres the Trustees to rmake judgments, esttmates and
assum Ption5that affect the application of policles and reported amounts of assets and liabilliies, income
and expenses, Judgements and estlmates are continually evaluated and are based on hi5torica1
experlences and other factors, Including expectations of future events that are belleved to be
reasonable under the circumstances, The Trust makes esdmates and assumptions concernlng the
future. The resulting accountinB esdmate, will by deflnition, seldom equal the actual results.
The estimates and underlying assumpifjons are reviewed on an ongolng basis. Revision5 to accounting
eS￿MateS are recognised in the period in which the estimate Is revlsed if the revision affects only that
perlod, or in the period of the revision and future periods if the revision affects both current and future
periods.
3.1 Crltical Judgments made in applying the Trust's Accountlng Pollcles
The Trustees are of the opinion that there are no crltical judgments lother than those Involving
estimates) that have a signlflcant effect on the amounts recognised in the ftnanclal statements.
4. Operaiing SurpluslDeflclt
2023
2022
Dpernting 5urplus/deficit
stated after charging.,
Depreciation
20

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRusf UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income
Rèstrlcted
2023
Unrestricted
2023
Total
2023
Total
2022
Income from legacies and wllls
Total voluntary Income
Income
from
h4rltable
acttvltles
Religiou5 Activitie5
Collections
Donations & Gifts
Sundry Income
Pen5i0n Income
Parish Contract Income
Piety Recelpts
Exchange Account
Total Mass Income
13,343
94,068
30,310
1,612
2,115
13,343
94,068
30,310
1,612
2,115
9,913
85,734
39,640
12,337
1,218
27,810
30,152
37,070
28,960
37,070
28,960
85
234 539
5.1 Investment Income
Investment I ncome
ioi
Charitable Actfvltles
Restrlcted
2023
Unrestricted
2023
Total
2023
Total
2022
Religious Activities
Rome Masses
Volunteers
Insurance
Repairs & Maintenance
Community Expenses
Medical & Nursing Home
Expenses
Piety Expenses
Telephone
Training
Motor & Travel Expenses
Subscri ptions
Advertislng
Exchange Account
Chapter Expenses
Refunds
7,970
8,815
5,880
15,528
11,315
119,040
5,024
7,970
8.815
5,880
15,528
11,315
119,040
5,024
10,208
15,140
10,605
10,976
98,906
2,232
19,529
11,227
2,024
20,212
273
809
19,529
11,227
2,024
20,212
273
809
16,236
11,784
2,953
12,428
345
580
6,800
7,402
225
3,075
3,07S
21

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FDR THE YEAR ENDED 31 DECEMBER 2023
7. Operatlonal C05tS
Restricted
2023
Unre5trlcted
20Z3
Totsl
2023
Total
20Z2
Administratlon
General Expenses
Office Prlnilng & Sta￿Onerv &
Office Costs
12,154
12,154
8,371
16A09
16,409
11,647
Support Servlces
ank Charges
1.538
1,538
2,428
Other operational costs
Interest Paid
ProfitlLos5 on Dlsposal of
Fixed Assets
1,367
1,367
295
19
237
8. Governance Costs
Restrlrted
2023
Unrestricted
2023
Total
2023
Total
2022
Legal & Professional Fees
Audit Fees
Depreclaiion
1105,9601
5,000
1105,9601
5,000
108,235
9. Employees
Restrlcted
2023
Unre5trlcted
2023
Total
2023
Total
2022
Employees
Emplo￿nent Costs
The aggregate payroll costs of
these person5 were as follows.,
Employees & Trustees
10. Trustees Emoluments
The Trustees are not remunerated by the Trust for thelr role a5 Trustees.
11. Trxation
As the Trust is a not.for-profit organlsatEon, it is not subject to taxation on its surplus of income.
22

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Tangible Assets
Freehold
Land &
Buildings
Mobile Home
Flxtures &
Equlpment
Motor
Vehicles
Total
Current Year
Cost
l January 2023
Addltions
Disp05als
Revaluation
31
December
2023
1,934,914
39,995
316,120
2,291,029
18,914
18,914
91
2 309 943
Depreclatlon
l January 2023
Charge for the
year
Charge
disposal
31
December
2023
2,000
2,000
279,921
2,574
281,921
8,356
3,782
on
290 277
Net Book Value
31
2023
31
2022
2 019 666
December
1934 914
2 009 108
13. Investments
Llsted Investments
l January 2023
Addittons
Revaluationslmovements
31 Decembor 2023
Net Book Value
31 December 2023
31 December 2022
1,800
170,000
131
14. Debtors
2023
2022
VAT
86
23

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Credltor5
2023
2022
Amount5 falllng due wlthln ane
year
Trade Creditors
Accruals
Other Credltors
11,0541
5,000
400
11321
108,235
16. Capital Commitments
The Trust had no materlal capltal commltments at the year ended 315t of December 2023.
17. Provlslon for Small Eniltles
In common wlth other entities of this size we use our Auditori to assist with the preparation of the
fi'nanclal statements.
18. Events after End of Reporting Perlod
There have been no slgnlflcant events affecting the Trust Since the financlal year end.
19. Controlllng Party
The Trust is ultimately controlled by the Board of Trustees acting in concert.
20. Going Concern
A5 of 31st December 2023, there was a surplu5 of £85,47312022.. deficit £83,7521 and assets in exce55
of Ilabilities of £2,315,99112022.'£2,230,5181. Durin8 the period under review the Trustees continued
to work to control costs and increase the income streams of the Trust with a view to returning to pre
COVID levels.
The Trustees are of the opinlon that the Trust has sufficient liquid assets and tash flow available to it to
meet its day-to-day operational costs for the foreseeable future. The Trustees have assessed whether
there are any 5ignlficant doubts règarding the Trust's ability to continue as a going concern and are
unaware of any material untertalnties relating to events or condltions that may cast si£nificant doubt
on the Trust's ability to continuo as a going concern. Thls assertion is made for a period of not less than
twelve months from the signing of the financlal statements. The financial statements are prepared
undergoing concern basis.
24

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK
NOTES TO THE FINANCIAL 5fATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Reserves
Included wlthln other rese￿e$ s a special reserve totalling £280,08612022: £280,086). Thls represents
the patrimony records and is a restricted fund, There was no movement on thls reserve durlng the
period under review,
During the year ended 31, December 2022 one of the propertes was revalued at £150,000, rhe
revaluatton surplus arising on this rever531 was £20,000, This surplu5 was taken to the revaluation
reserve.
22. Cash & Cash equlvalents
2023
2022
Cash & Bank Balances
23. Related Party Transactions
The Congregation of the Blessed Sacrament Charitable Trust UK and the Congregation of the Blessed
Sacrament Charitable Trust Ireland are related by vlrtue of the same Trustees and are governed by the
same Trust deed,
Durlng the perlod under review an amount of £28,960 was paid to the Trust by the Congregatton of the
Blessed Sacrament Charlts ble Trust I reland to fund their day-to-day running costs, The I rlsh Trust also
discharged a legal settlement a nd associated legal fees of the UK Trust totalling £108,235.
The Irish Trust also discharged the audit fees for the UK Trust totalling ￿,600 for prior year audit fees,
These funds are not repayable and therefore there is no corresponding related party debtor booked in
for the flnancial statements.
24. Approval of Flnancial Statements
The financial statements were approved by the Board of Trustees on 23 October 2024.
25