CATHOLIC CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased from £3,604,002 to £3,832,849 during the year, driven by investment gains and income. Expenditure of £159,979 exceeded investment income of £104,710, resulting in a net drawdown of capital reserves to fund charitable grants. The trustees confirm the charity can continue its activities at the same level, with no material uncertainties identified.
What the accounts disclose
“In practice the Trustees aim to distribute the income and to build up the capital as unrestricted reserves. The reserves at the year-end were £3,832,849 (2024: £3,604,002).” — page 5
“Mr W E Vernor-Miles is a partner in the firm of Hunters Law LLP who prepared the Trust Accounts and act in the administration of the charity. Hunters received fees of £22,259 plus VAT for this work in the year (2024: £19,156). Mr Orr was a member of the firm Raymond James, who were the charity's Investment Managers and received management and sundry fees of £12,119 plus VAT in the year (2024: £11,927). Travel expenses of £67 (2024: £180) and trustee meeting expenses of £263.89 (2024: Nil) were reimbursed to Trustees during the year.”
Trustees
- MR JOHN CROSFIELD VERNOR MILESchair
- DAVID PETER ORR
- JENNIFER FRANCES VERNOR-MILES
- MR WILFRID EDWARD VERNOR MILES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £105k | £160k |
| 31/12/2024 | £112k | £143k |
| 31/12/2023 | £99k | £145k |
| 31/12/2022 | £105k | £147k |
| 31/12/2021 | £95k | £141k |
Common questions
Is CATHOLIC CHARITABLE TRUST financially healthy?
The accounts state that unrestricted funds increased from £3,604,002 to £3,832,849 during the year, driven by investment gains and income. Expenditure of £159,979 exceeded investment income of £104,710, resulting in a net drawdown of capital reserves to fund charitable grants. The trustees confirm the charity can continue its activities at the same level, with no material uncertainties identified. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SISTERS OF THE POOR CHILD JESUS | 1 | £6k |
| EDITH BESSIE GIBSON TRUST | 1 | £5k |