IRIS Accounts Production v26.1.10.61 Other Company accounts True false Pounds 1.1.25 31.12.25 31.12.25 FY Rev. J J McGee Rev. A R Whelan Rev. M A Ferry Rev J P W Bennett Rev D Nixon Reverend F P Gallagher FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11080519 2024-12-31 11080519 2025-12-31 11080519 2025-01-01 2025-12-31 11080519 2023-12-31 11080519 2024-01-01 2024-12-31 11080519 2024-12-31 11080519 ns0:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 11080519 ns15:PoundSterling 2025-01-01 2025-12-31 11080519 ns0:Trustee1 2025-01-01 2025-12-31 11080519 ns0:Trustee2 2025-01-01 2025-12-31 11080519 ns0:Trustee3 2025-01-01 2025-12-31 11080519 ns0:Trustee4 2025-01-01 2025-12-31 11080519 ns0:Trustee5 2025-01-01 2025-12-31 11080519 ns0:Trustee6 2025-01-01 2025-12-31 11080519 ns11:FRS102 2025-01-01 2025-12-31 11080519 ns0:IndependentExaminationCharity 2025-01-01 2025-12-31 11080519 ns11:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11080519 ns11:FullAccounts 2025-01-01 2025-12-31 11080519 ns0:CharitiesSORP 2025-01-01 2025-12-31 11080519 ns16:EnglandWales 2025-01-01 2025-12-31 11080519 ns11:RegisteredOffice 2025-01-01 2025-12-31 11080519 ns11:CompanySecretary1 2025-01-01 2025-12-31 11080519 ns0:Activity9 2025-01-01 2025-12-31 11080519 ns0:Activity9 2024-01-01 2024-12-31 11080519 ns0:Activity10 2025-01-01 2025-12-31 11080519 ns0:Activity10 2024-01-01 2024-12-31 11080519 ns0:Activity11 2025-01-01 2025-12-31 11080519 ns0:Activity11 2024-01-01 2024-12-31 11080519 ns10:WithinOneYear 2025-12-31 11080519 ns10:WithinOneYear 2024-12-31 11080519 ns0:TotalUnrestrictedFunds 2025-12-31 11080519 2 2025-01-01 2025-12-31 11080519 4 2025-01-01 2025-12-31 11080519 4 2024-01-01 2024-12-31 11080519 5 2025-01-01 2025-12-31 11080519 5 2024-01-01 2024-12-31 11080519 6 2025-01-01 2025-12-31 11080519 6 2024-01-01 2024-12-31

REGISTERED COMPANY NUMBER: 11080519 (England and Wales)

REGISTERED CHARITY NUMBER: 1176634

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

MSC CHARITY TRUST

MSC CHARITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

| Page |

Report of the Trustees | 1 |  | to |  | 2

Independent Examiner's Report | 3 |

Statement of Financial Activities | 4 |

Balance Sheet | 5 |  | to |  | 6

Notes to the Financial Statements | 7 |  | to |  | 11

MSC CHARITY TRUST (REGISTERED NUMBER: 11080519)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report of the financial statements of the charity for the year ended 31st December 2025.

The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives are to promote the objectives of The Society of the Missionaries of the Sacred Heart of Jesus, a voluntary association of men formed in Ireland for the promotion of the Catholic faith.

The trust is in receipt of property and investment income, which together with donations are applied to further the objects.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity makes donations to support vulnerable people around the world, although no donations or grants have been paid out this year.

This year a significant amount has again been spent on professional fees connected with the development and sale of various properties. This is within the Administration costs category.

FINANCIAL REVIEW

Reserves policy

The trustees have considered the requirement for free reserves which are those funds not invested in fixed assets, designated for specific purposes or otherwise committed.

Going concern

The trustees confirm that they are not aware of any material uncertainties about the charity's ability to continue.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are appointed by the Provincial of The Missionaries of the Sacred Heart of Jesus, such that the number of trustees shall not exceed ten at any time.

Related parties

The Trustees of the charity are members of The Society of the Missionaries of the Sacred Heart of Jesus, a voluntary association of men formed in Ireland for the promotion of the Catholic faith.

A summary of the transactions with related parties is set out in note 11 of the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

11080519 (England and Wales)

Registered Charity number

1176634

MSC CHARITY TRUST (REGISTERED NUMBER: 11080519)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2025

Registered office

Princethorpe College

Leamington Road

Princethorpe

Warwickshire

CV23 9PX

Trustees

Rev. J J McGee |  |

Rev. M A Ferry |  | Resigned on 16th March 2026 |

Rev. J P W Bennett |  |

Rev. D Nixon |  |

Rev. A R Whelan |  |

Rev. F P Gallagher |  | Appointed on 29th May 2026 |

Company Secretary

Mr P Shaw

Independent Examiner

S G Bolton FCA

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

Solicitors

Brindley Twist Tafft & James

Lowick Gate

Siskin Drive

Coventry

CV3 4FJ

Approved by order of the board of trustees on 9th July 2026 and signed on its behalf by:

Rev. J J McGee - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

MSC CHARITY TRUST

Independent examiner's report to the trustees of MSC Charity Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

S G Bolton FCA

The Institute of Chartered Accountants in England and Wales

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

10th July 2026

MSC CHARITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 13,396 |  | 7,429 |

Investment income | 2 | 70,118 |  | 74,860 |

Total | 83,514 |  | 82,289 |

EXPENDITURE ON

Letting of properties | 3 | 30,349 |  | 26,063 |

Charitable activities

Subsistence grants for priests | 43,000 |  | 43,000 |

Premises and support costs | 8,527 |  | 8,188 |

Administration costs | 49,063 |  | 86,296 |

Total | 130,939 |  | 163,547 |

NET INCOME/(EXPENDITURE) | (47,425 | ) | (81,258 | )

Other recognised gains/(losses)

Gains on revaluation of fixed assets | - |  | 125,000 |

Net movement in funds | (47,425 | ) | 43,742 |

RECONCILIATION OF FUNDS

Total funds brought forward | 3,640,079 |  | 3,596,337 |

TOTAL FUNDS CARRIED FORWARD | 3,592,654 |  | 3,640,079 |

MSC CHARITY TRUST (REGISTERED NUMBER: 11080519)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 7 | 3,230,000 |  | 3,230,000 |

CURRENT ASSETS |

Debtors | 8 | 6,630 |  | 6,002 |

Cash at bank | 632,890 |  | 679,898 |

639,520 |  | 685,900 |

CREDITORS |

Amounts falling due within one year | 9 | (276,866 | ) | (275,821 | )

NET CURRENT ASSETS | 362,654 |  | 410,079 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,592,654 |  | 3,640,079 |

NET ASSETS | 3,592,654 |  | 3,640,079 |

FUNDS | 10

Unrestricted funds | 3,592,654 |  | 3,640,079 |

TOTAL FUNDS | 3,592,654 |  | 3,640,079 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

MSC CHARITY TRUST (REGISTERED NUMBER: 11080519)

BALANCE SHEET - continued

31ST DECEMBER 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 9th July 2026 and were signed on its behalf by:

Rev. J J McGee - Trustee

Rev. A R Whelan - Trustee

MSC CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

| Income

| Income is recognised in the period in which the charity has entitlement to the funds.

| Expenditure

| Expenditure is recognised on an accruals basis.

| Costs of generating funds comprise those costs directly attributable to income from letting the properties.

| Donations are charged in the period in which the funds are received.

| Premises and support costs comprise costs in respect of the charity's activities and those incurred in running retreats.

| Administration costs comprise costs of running the charity itself as an organisation.

| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Restricted funds

| Restricted funds are used for specified purposes as laid down by the donor. Expenditure which meets these criteria is allocated to the fund.

| Unrestricted funds

| Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as funds which the charity may use for its purposes at its discretion.

| Designated funds

| These are sums forming part of the charity's unrestricted funds set aside by the trustees for particular purposes in the future. The trustees have the power to reallocate such funds within unrestricted funds unless and until expended.

MSC CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | INVESTMENT INCOME

| 2025 |  | 2024

£ | £ |

| Rents received | 54,760 |  | 55,984 |  |

| Deposit account interest | 15,358 |  | 18,876 |  |

70,118 |  | 74,860 |  |

3. | LETTING OF PROPERTIES

| Property costs

| 2025 |  | 2024

£ | £ |

| Light and heat | 1,249 |  | 691 |  |

| Rates and water | 5,093 |  | 4,140 |  |

| Repairs and maintenance | 14,690 |  | 12,439 |  |

| Ground rent and service charge | 3,351 |  | 3,414 |  |

| Management fees | 5,966 |  | 5,379 |  |

30,349 |  | 26,063 |  |

4. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31st December 2025 nor for the year ended 31st December 2024.

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted

| fund

£ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 7,429 |

| Investment income | 74,860 |

| Total | 82,289 |

| EXPENDITURE ON

| Letting of properties | 26,063 |

| Charitable activities

| Subsistence grants for priests | 43,000 |

| Premises and support costs | 8,188 |

| Administration costs | 86,296 |

| Total | 163,547 |

MSC CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted

| fund

£ |

| NET INCOME/(EXPENDITURE) | (81,258 | )

| Other recognised gains/(losses)

| Gains on revaluation of fixed assets | 125,000 |

| Net movement in funds | 43,742 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 3,596,337 |

| TOTAL FUNDS CARRIED FORWARD | 3,640,079 |

6. | MEMBERS

| The company is limited by guarantee and each member has guaranteed to contribute £1 in the event of a winding up. At 31st December 2025 there were 6 (2024 - 6) members.

7. | TANGIBLE FIXED ASSETS

| At valuation |  |

| £ |  |

| Freehold investment property includes the following: |  |

| Farmland |  |  | 1,200,000 |  |

| East Lodge, Princethorpe |  |  | 425,000 |  |

| The Retreat Centre, Princethorpe |  |  | 725,000 |  |

| Gardener's Cottage, Princethorpe |  |  | 450,000 |  |

|  | £2,800,000 |  |

| Long leasehold property includes the following: |  |

| Community rooms, Princethorpe College |  |  | 80,000 |  |

| 2 Vita House, Charrington Place, St Albans |  |  | 350,000 |  |

|  | £430,000 |  |

| The properties are stated at the valuations used for the transfer of the properties on 25th May 2022.

MSC CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other debtors | 1,000 |  | 1,000 |  |

| Prepayments and accrued income | 5,630 |  | 5,002 |  |

6,630 |  | 6,002 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Other creditors | 269,972 |  | 270,002 |  |

| Accruals and deferred income | 6,894 |  | 5,819 |  |

276,866 |  | 275,821 |  |

10. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.1.25 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 3,640,079 |  | (47,425 | ) | 3,592,654 |  |

| TOTAL FUNDS | 3,640,079 |  | (47,425 | ) | 3,592,654 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 83,514 |  | (130,939 | ) | (47,425 | ) |

| TOTAL FUNDS | 83,514 |  | (130,939 | ) | (47,425 | ) |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 3,596,337 |  | 43,742 |  | 3,640,079 |  |

| TOTAL FUNDS | 3,596,337 |  | 43,742 |  | 3,640,079 |  |

MSC CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

10. | MOVEMENT IN FUNDS - continued

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 82,289 |  | (163,547 | ) | 125,000 |  | 43,742 |  |

| TOTAL FUNDS | 82,289 |  | (163,547 | ) | 125,000 |  | 43,742 |  |

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 3,596,337 |  | (3,683 | ) | 3,592,654 |  |

| TOTAL FUNDS | 3,596,337 |  | (3,683 | ) | 3,592,654 |  |

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Gains and |  | Movement |

| resources |  | expended |  | losses |  | in funds |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 165,803 |  | (294,486 | ) | 125,000 |  | (3,683 | ) |

| TOTAL FUNDS | 165,803 |  | (294,486 | ) | 125,000 |  | (3,683 | ) |

11. | RELATED PARTY DISCLOSURES

| Members of the charity are individual members of The Society of the Missionaries of the Sacred Heart of Jesus. At 31st December 2025, the charity owed that organisation £268,972 (2024 - £269,002).