CATHOLIC TRUTH SOCIETY (DIOCESE OF SALFORD)
The advancement of religion by promoting knowledge of the Catholic faith and its practice among both Catholics and Non Catholics via the circulation of books and publications.
Financial health, per its FY2024 accounts
The accounts state that the charity closed its bookshop in February 2024 and prepared financial statements on a basis other than going concern. Per the trustees' report, unrestricted reserves stood at £50,799, which management considers adequate against a policy target of six months of expenditure.
What the accounts disclose
“It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be a minimum of 6 months of the expenditure.” — page 6
“Due to the above, the Trustees do not consider the charity to be a going concern and a basis other than going concern has been adopted for the preparation of these financial statements.” — page 6
“During the year there were no transactions with Caritas Diocese of Salford. At the balance sheet date the amount due from CARITAS Diocese of Salford was £NIL (2023 NIL).” — page 21
Trustees
- Bishop Arnoldchair
- Brendan McCafferty
- EDWARD NALLY
- Eamonn ONeal OBE
- Elizabeth Therese Lilley
- Mary Hunter
- Peter Fahy
- Rev CHRISTOPHER DAWSON
- Rev Michael Cooke
- Rev Michael David Jones
- Rev PETER HOPKINSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £42k |
| 31/12/2023 | £109k | £178k |
| 31/12/2022 | £105k | £130k |
| 31/12/2021 | £105k | £99k |
| 31/12/2020 | £90k | £114k |
Common questions
Is CATHOLIC TRUTH SOCIETY (DIOCESE OF SALFORD) financially healthy?
Per its FY2024 accounts: The accounts state that the charity closed its bookshop in February 2024 and prepared financial statements on a basis other than going concern. Per the trustees' report, unrestricted reserves stood at £50,799, which management considers adequate against a policy target of six months of expenditure. Its FY2024 accounts were audited by Crowe UK LLP.