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THE INCORPORATED CATHOLIC TRUTH SOCIETY

Registered charity 218951 · accounts filings on the Charity Commission register · also known as THE C T S, THE CTS

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Latest income
£5.0m
Latest spending
£3.0m
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a significant increase in total income to £4,982,020, driven primarily by publishing sales, resulting in a net surplus of £1,832,203. Per the trustees' report, free reserves stood at £3,221,387, which exceeds the stated policy target of three months' unrestricted cash expenditure, leading the trustees to conclude that reserves are adequate but not excessive.

What the accounts disclose

Highest-paid employee band: £110,001 - £120,000 — in the top quarter for charities its size (median £78k)
“One employee earned between £110,001 and £120,000 (including taxable benefits but excluding employer’s pension contributions) during the year” — page 27
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted cash expenditure (held: £3.2m)
“The trustees are of the opinion that the size of such a buffer should be approximately equal to at least three months’ unrestricted cash expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One trustee received commission of £1,403 in respect of sales of books written prior to appointment. Two trustees received reimbursement of out-of-pocket expenses of £58.
“No trustee received any remuneration in respect of their services as a trustee during the year (2023 – £nil). Two trustees received reimbursement of out-of-pocket expenses of £58 (2023 – £23). One trustee received commission of £1,403 (2023 – £1,290) in respect of sales of books during the year which were written for CTS prior to his becoming a trustee.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£5.0m
Total spending
£3.0m
Cost of raising funds
£6k
Reserves (reported)
£0
Employees
12

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Australia · Ireland · Isle Of Man · Italy · Malta · New Zealand · Northern Ireland · Poland · Scotland · South Africa · St Kitts And Nevis · St Lucia

Income and spending

Financial year endIncomeSpending
31/12/2024£5.0m£3.0m
31/12/2023£1.1m£1.1m
31/12/2022£1.7m£1.0m
31/12/2021£1.0m£945k
31/12/2020£859k£1.0m

Common questions

Is THE INCORPORATED CATHOLIC TRUTH SOCIETY financially healthy?

The accounts state that the charity reported a significant increase in total income to £4,982,020, driven primarily by publishing sales, resulting in a net surplus of £1,832,203. Per the trustees' report, free reserves stood at £3,221,387, which exceeds the stated policy target of three months' unrestricted cash expenditure, leading the trustees to conclude that reserves are adequate but not excessive. Its FY2024 accounts were audited by Buzzacott Audit LLP.

What does the highest-paid employee of THE INCORPORATED CATHOLIC TRUTH SOCIETY earn?

Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band.