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2024-12-31-accounts

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

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CONTENTS PAGE
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CONTENTS PAGE
TRUSTEES AND OTHER INFORMATION 3-4
TRUSTEES’ REPORT 5-8
TRUSTEES’ RESPONSIBILITIES STATEMENT 9
INDEPENDENT AUDITOR’S REPORT 10-13
STATEMENT OF FINANCIAL ACTIVITIES 14
BALANCE SHEET 15
NOTES TO THE FINANCIAL STATEMENTS 16-25

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES AND OTHER INFORMATION

TRUSTEES: Provincial Superior Reverend Peter Dowling
Provincial Vicar Reverend Melville Wright
Provincial Treasurer Reverend Darren Maslen
Appointed Trustee Reverend George Dunne
ADDRESS: 4 Dawson Street,
Liverpool,
L1 1LE
United Kingdom
INDEPENDENT AUDITOR: CRS Accountants Limited
Chartered Accountants and Statutory Audit Firm
14 Clanwilliam Square
Dublin 2
D02 FK23
BANKERS: Allied Irish Banks Plc
Direct Banking
PO Box 73306
London W5 9PB
Bank of Ireland
1 Marsden Street
M21HW
Manchester

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES AND OTHER INFORMATION

Bank of Ireland 26 West Nile Street G47AG Glasgow Royal Bank of Scotland 2139 Paisley Road Glasgow G52 3JW SOLICITORS: PWW Solicitors 84 Eccleston Square Pimlico London SW1V 1PX CHARITY NUMBER: 802092

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

31 December 2024.

Reporting Standard applicable in the UK and Republic of Ireland’ and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees Report contains the information required to be provided in the Trustees’ Annual Report under the Statement of Recommended Practise (SORP) guidelines. The Trustees of the charity are also charity Trustees for the purpose of charity law and under the charity's constitution 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, achievements and finances for the financial year 2024.

The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practise applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its

Mission, Objectives and Strategy

Mission Statement

The Trust was established under a deed of Trust dated 18th of August 1989. The objectives of the Trust are charitable in nature with o�icial charitable status granted (Charitable status number: 802092).

The Trust is comprised of an Apostolic group of men whose mission is:

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 into people of God, the body of the Lord and temple of the Holy Spirit. In solidarity with those who are working for genuine human advancement, they are alert to the social implications of their actions.

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES’ REPORT-CONTINUED

FOR THE YEAR ENDED 31 DECEMBER 2024

They carry out their Eucharistic mission especially in city centre shrines and parishes. Their shrines are centres for Eucharistic community and evangelisation, places of adoration, celebration and reconciliation, oasis’s of peace in the heart of the city. They make our parishes into authentic communities shaped by the Eucharist, source and centre of life.

Composition of the Board of Trustees and Board Appointment Process

Provincial Superior Reverend Peter Dowling

Provincial Vicar Reverend Melville Wright

Provincial Treasurer Reverend Darren Maslen

Appointed Trustee Reverend George Dunne

The Trustees that are appointed must include the following:

The Provincial Superior

The Provincial Treasurer

The Provincial Vicar

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES’ REPORT-CONTINUED

FOR THE YEAR ENDED 31 DECEMBER 2024

Volunteers

The Trustees are very grateful to the unpaid volunteers for their time, dedication and enthusiasm. It is impossible to quantify the thousands of hours given to the Trust by these volunteers each year.

Financial Review

and expenditure in greater detail.

Results

£85,473).

liabilities of £3,946 (2023 £4,346). The net assets of the charity as at 31 December 2024 were £2,274,034 (2023: £2,315,991) a decrease of €41,957.

Achievements and performance

performance is in keeping with their expectations and the aims of the Trust.

Health and Safety

The wellbeing of the Trust’s employees is safeguarded through strict adherence to health and safety standards. Health and safety legislation imposes certain requirements on employers and the Trust has taken the necessary action to ensure compliance with the legislation, including the adoption of a safety statement.

Compliance with Sector Wide Legislation and Standards

The charity engages proactively with legislation, standards and codes which are developed for the sector. Congregation of the Blessed Sacrament Charitable Trust UK subscribes to and is compliant with the following:

7

General Economics Risk

The demand for the Trust’s charitable activities and congregation numbers are dependent on general economic conditions. The Trustees manage this risk through their work in the community.

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

TRUSTEES’ REPORT-CONTINUED

FOR THE YEAR ENDED 31 DECEMBER 2024

Going Concern

assets and support available to it to continue its charitable activities, in the coming financial year. The financial statements have been prepared on a going concern basis.

addressed by themselves in a timely basis. Such reviews include ensuring appropriate controls are in place to provide reasonable assurance against fraud and error.

Auditors

The Trustees appointed CRS Accountants Limited as auditors for the year ended 31[st] December 2024. These financials statements are their first year as auditors.

Books of Account

accounting personnel and have maintained computerised accounting systems. The books of account are located at 20 Bachelors Walk, Dublin 1.

Subsequent Events

There are no subsequent events that need to be noted.

Approved by the Board of Trustees on 4[th] May 2026 and signed on its behalf by:

Provincial Vicar Reverend Melville Wright

Trustee

Provincial Treasurer Reverend Darren Maslen

Trustee

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

TRUSTEES’ RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees are responsible for preparing the Financial Statements in accordance with applicable law and regulations.

statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act, 2011.

statements.

The Trustees are responsible for keeping adequate accounting records that are su�icient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board of Trustees on 4[th] May 2026 and signed on its behalf by:

Provincial Vicar Reverend Melville Wright

Trustee

Provincial Treasurer Reverend Darren Maslen

Trustee

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS

Opinion

Trust UK (the ‘Charity’) for the financial year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is UK law and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, applying Section 1A of that Standard and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

2024, and of its surplus for the year then ended; and

-and have been properly prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and applicable law. Our responsibilities under those standards are further described below in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of financial statements in Ireland, Including the Ethical Standard for Auditors (Ireland) issued by the Irish Auditing and Accounting Supervisory Authority (IAASA), and we have fulfilled our other ethical responsibilities in accordance with these requirements. In keeping with Ethical Standards provision available to small entities our client engages us as auditors to assist with the drafting of financial statements, returns to the Charities Regulator and adhoc queries.

We believe that the audit evidence we have obtained is su�icient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which ISA (UK) require us to report to you where:

is not appropriate; or

cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorized for issue.

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

INDEPENDENT AUDITORS REPORT TO 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 information. The other information comprises the information included in the annual report, other than the financial 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 conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Respective Responsibilities

As explained more fully in the Trustees’ Responsibility Statement set out on page 9, the Trustees are responsible for the preparation of the financial statements in accordance with the applicable financial reporting framework that give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless they either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

free from material misstatement, 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 audit conducted in accordance with ISAs (Ireland) will always detect a material misstatement when it exists. Misstatements can

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS

arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (Ireland), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 DECEMBER 2024

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 audit work and to whom we owe our responsibilities

A report is made solely to the charity's members, as a body, in accordance with our engagement letter dated 15 August 2025. Our audit work has been undertaken so that we might state to the charities members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our audit work, for this report, or for the opinions we have formed.

CRS Accountants Limited

Chartered Accountants and Statutory Audit Firm

14 Clanwilliam Square

Dublin 2

D02 FK23

Ireland

5[th] May 2026

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Restricted Unrestricted Total Funds Total Funds
Funds Funds
Note 2024 2024 2024 2023
£ £ £ £
Income
Legacies & Wills 5 - - - 8,478
Charitable Activities 5 - 215,774 215,774 230,851
Investments 5.1 - 8,835 8,835 3,706
Total Income - 224,609 224,609 243,035
Resources
Resources Expended
Charitable Activities 6 - 238,466 238,466 230,721
Operational Costs 7 - 13,283 13,283 19,314
Governance Costs 8 - 13,356 13,356 (92,604)
Total Resources 265,105 265,105 157,431
Expended
Net Incoming - (40,496) (40,496) 85,604
/Outgoing Resources
Transfer Between
Funds
Other gains/losses
Unrealised - (1,460) (1,460) (131)
gains/losses on
investments
Net movements in - (41,956) (41,956) 85,473
funds
Reconciliation of funds -
Total funds brought
forward (266,010) (266,010) (351,483)
Fund Balances Carried - (307,966) (307,966) (266,010)
Forward

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Assets Employed
Fixed Assets
Tangible Fixed Assets
12

Investments
13

Current Assets
Debtors
14
Bank
22
Creditors: (amounts falling due within
one year)
15
Net Current Assets
Total Net Assets

Financed By:
Revaluation Reserve
21
Other Reserves
21

Retained Surplus
 2024
£
2,011,309

170,209
2,181,518

86
96,376
96,462
(3,946)
92,516
2,274,034

140,000
2,442,000

(307,966)
2,274,035
 2023
£
2,019,666
171,669
2,191,335
86
128,916
129,002
(4,346)
124,656
2,315,991
140,000
2,442,001
(266,010)
2,315,991

TRUSTEES

Provincial Vicar Reverend Melville Wright

Trustee

Provincial Treasurer Reverend Darren Maslen

Trustee

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. General Information

related notes constitute the individual financial statements of the Congregation of the Blessed Sacrament Charitable Trust UK for the financial year ended 31 December 2024.

Congregation of the Blessed Sacrament Charitable Trust UK is a Charitable Trust registered in the United Kingdom under charity number 802092. The registered o�ice is located at 4 Dawson Street, Liverpool L1 1LE. This is also its principal place of business. The principal activities of the Trust are set out in the Trustee’s report. The financial statements have been presented in Sterling which is also the functional currency of the Trust.

2. Accounting Policies

out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.1 Statement of Compliance

The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practise applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

2.2 Basis of Preparation

historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102”.

The charity has applied the Charities SORP on a voluntary basis as its application is not a requirement of the current regulations for charities registered in the UK and Republic of Ireland.

2.3 Going Concern

The Trustees have reasonable expectations, having made appropriate inquiries, that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis.

2.4 Income

16

to it, its financial value is quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt.

distribution to be made by the executor.

Gifts and donations

receipt. Income is being treated as being general and unrestricted unless a donor has specified the manner in which the donations are to be spent, in which case it is treated as a restrictive income.

2.5

Resource Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation for activities. When costs cannot be directly attributed 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 administration of the Trust and compliance with constitutional and regulatory requirements.

2.6 Investment Income

Interest income is recognised using the e�ective interest rate method.

2.7 Financial Instruments

instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the e�ective interest method.

2.8 Tangible Fixed Assets and Depreciation

impairment losses.

Depreciation is provided so as to write down the cost of the assets to their estimated useful lives as follows:

5% straight line Mobile Home 5% straight line Motor Vehicles 20% straight line Freehold land and buildings are not depreciated.

in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees obtained a professional valuation on one of the properties as at 30[th] November 2022. The valuation was carried out by Paul Burns of Scottish Property Centre. The valuation of the property as a result of this valuation was £150,000.

2.9 Revaluation of Tangible Fixed Assets

Individual freehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with su�icient regularity to ensure the carrying amount does not di�er materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss. The exception to this is there the gains reverse previous revaluation losses that were recognised in profit or loss. The reverse is credited to profit and loss to the extent of losses written o� after adjusting notional depreciation based on the cost mode.

2.10 Investments

diminution in value. Income from investments together with any related tax credit is recognised in the Statement of Financial Activities in the year in which it is receivable.

Current asset investments are stated at the lower of cost and net realisable value.

2.11 Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand, deposits held with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature and no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with

2.12 Trade and Other Creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the e�ective interest method, unless the e�ect of discounting would be immaterial, in which case they are stated at cost.

2.13 Taxation

income.

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CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.14 Foreign Currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the statement of financial position date. Non-monetary items are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange di�erences are dealt with in the Statement of Financial Activities.

2.15 Liabilities and Provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of settlement can be estimated readily. Liabilities are recognised at the amount that the Trust anticipates that it will pay to settle the debt. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the e�ect 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 risks specified to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.16 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of general objectives of the Trust and which have not been designated for other purposes.

Unrestricted funds consist of funds received which the charity can spend based at its own discretion to enable it to achieve its objectives.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the Trustees’ Report.

imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The

Investment income, gains and losses are allocated to the appropriate fund.

2.17 Exemption from the production of a Statement of Cash Flows

The Trust has availed of the exemptions under S3.18 under FRS 102 to not produce a

19

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3. Critical Accounting Estimates & Judgements

and assumptions that a�ect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trust makes estimates and assumptions concerning the future. The resulting accounting estimate, will by definition, seldom equal the actual results.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision a�ects only that period, or in the period of the revision and future periods if the revision a�ects both current and future periods.

3.1 Critical judgments made in applying the Trust’s Accounting Policies

The Trustees are of the opinion that there are no critical judgments (other than those involving estimates) that have a significant e�ect on the amounts recognised in the financial statements.

4.

----- Start of picture text -----
2024 2023
£ £
Operating surplus/deficit is
stated after charging:
Depreciation 8,356 8,356
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20

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5. Income

Restricted
2024
£
Unrestricted
2024
£
Income from legacies and
wills
Total voluntary income
-
-
Income
from
charitable
activities
Religious Activities
-
16,675
Collections
-
95,035
Donations & Gifts
-
24,090
Sundry Income
-
1,315
Pension Income
-
-
Parish Contract Income
-
-
Piety Receipts
-
34,870
Exchange Account
-
19,034
Total Mass Income
-
24,755
215,774

5.1 Investment Income
Investment Income
-
8,835
8,835
6. Charitable Activities
Restricted
2024
£
Unrestricted
2024
£
Religious Activities
-
9,614
Rome Masses
-
8,711
Volunteers
-
-
Insurance
-
15,631
Repairs & Maintenance
-
16,954
Community Expenses
-
137,577
Medical & Nursing Home
Expenses
-
4,789
Piety Expenses
-
21,025
Telephone
-
3,739
Training
-
1,235
Motor & Travel Expenses
-
17,780
Subscriptions
-
388
Advertising
-
-
Charitable donations
-
1,023
Chapter Expenses
-
-
Refunds
-
-
238,466		 Total
2024
£
Total
2023
£
-
8,478
16,675
13,343
95,035
94,068
24,090
30,310
1,315
1,612
-
2,115
-
-
34,870
37,070
19,034
28,960
24,755
23,373
215,774
230,851
8,835
3,706
8,835
3,706
Total
2024
£
Total
2023
£
9,614
7,970
8,711
8,815
-
5,880
15,631
15,528
16,954
11,315
137,577
119,040
4,789
5,024
21,025
19,529
3,739
11,227
1,235
2,024
17,780
20,212
388
273
-
809
1,023
-
-
3,075
-
-
238,466
230,721

21

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7. Operational Costs

Restricted
2024
£
Unrestricted
2024
£
Administration
General Expenses
-
10,005
O�ice Printing & Stationery &
O�ice Costs
-
1,864
11,869
Support Services
Bank Charges
-
1,414
1,414
Other operational costs
Interest Paid
-
-
Proft/Loss on Disposal of
Fixed Assets
-
-
-
13,283
overnance Costs
Restricted
2024
£
Unrestricted
2024
£
Legal & Professional Fees
-
-
Audit Fees
-
5,000
Depreciation
-
8,356
13,356		 Total
2024
£
Total
2023
£
12,154
12,154
4,255
4,255
16,409
16,409
1,414
1,538
1,414
1,538
-
1,367
-
-
-
1,367
13,283
19,314
Total
2024
£
Total
2023
£
-
(105,960)
5,000
5,000
8,356
8,356
13,356
(92,604)

8. Governance Costs

9. Employees

Restricted Unrestricted Total Total
2024 2024 2024 2023
£ £ £ £
Employees
Employment Costs
The aggregate payroll costs
of these persons were as
follows:
Employees & Trustees - - - -
- -

10. Trustees Emoluments

The Trustees are not remunerated by the Trust for their role as Trustees.

11. Taxation

income.

22

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12. Tangible Assets

Freehold
Land &
Buildings
£
Current Year
Cost
1 January 2024
1,934,914
Additions
Disposals
-
Revaluation
-
31
December
2024
1,934,914
Depreciation
1 January 2024
-
Charge for the
year
-
Charge
on
disposal
-
31
December
2024
-
Net Book Value
31
December
2024
1,934,914
31
December
2023
1,934,914
13. Investments
1 January 2024
Additions
Revaluations/Movements
31 December 2024
Net Book Value
31 December 2024
31 December 2023
14. Debtors
VAT		 Mobile
Home
£
Fixtures &
Equipment
£
Motor
Vehicles
£
Total
£
39,995
316,120
18,914
2,309,943
-
-
-
-
-
-
-
-
-
-
39,995
316,120
18,914
2,309,943
4,000
282,495
3,782
290,277
2,000
2,574
3,782
8,356
-
-
-
-
6,000
285,069
7,564
298,633
33,995
31,051
11,350
2,011,309
35,995
33,625
15,132
2,019,666
Listed Investments
£
171,669
-
(1,460)
170,209
170,209
171,669
2024
£
2023
£
86
86		 Total
£
2,309,943
-
-
-
2,309,943
290,277
8,356
-
298,633
2,011,309
2,019,666

23

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Creditors

2024 2023
£ £
Amounts falling due within
one year
Trade Creditors (1,054) (1,054)
Accruals 5,000 5,000
Other Creditors - 400
3,946 4,346

16. Capital Commitments

The Trust had no material capital commitments at the year ended 31st of December 2024.

17. Provision for Small Entities

In common with other entities of this size we use our Auditors to assist with the preparation of the

18. Events after End of Reporting Period

19. Controlling Party

The Trust is ultimately controlled by the Board of Trustees acting in concert.

20. Going Concern

liabilities of £2,274,034 (2023:£2,315,991). During the period under review the Trustees continued to work to control costs and increase the income streams of the Trust.

to it to meet its day-to-day operational costs for the foreseeable future. The Trustees have assessed whether there are any significant doubts regarding the Trust's ability to continue as a going concern and are unaware of any material uncertainties relating to events or conditions that may cast significant doubt on the Trust's ability to continue as a going concern. This assertion is made for a period of not less than twelve months from the signing of the financial statements. The financial statements are prepared undergoing concern basis.

24

CONGREGATION OF THE BLESSED SACRAMENT CHARITABLE TRUST UK

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

21. Reserves

Included within other reserves a special reserve totalling £280,086 (2023: £280,086). This represents the patrimony records and is a restricted fund. There was no movement on this reserve during the period under review.

During the year ended 31[st] December 2022 one of the properties was revalued at £150,000. The revaluation surplus arising on this reversal was £20,000. This surplus was taken to the revaluation reserve.

22. Cash & Cash equivalents

Cash & Bank Balances 2024
£
96,376		 2023
£
128,916

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 virtue of the same Trustees and are governed by the same Trust deed.

During the period under review an amount of £19,034 was paid to the Trust by the Congregation of the Blessed Sacrament Charitable Trust Ireland to fund their day-to-day running costs.

The Irish Trust also discharged the audit fees for the UK Trust totalling €4,600 for prior year audit fees. These funds are not repayable and therefore there is no corresponding related party debtor

24. Approval of Financial Statements

[th] May 2026.

25