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2021-12-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period end date
**From ** 01 01 2021 To 31
12		 2021

Section A Reference and administration details

Charity name Community of S Egidio UK Charitable Trust Other names charity is known by Registered charity number (if any) 1018867

Charity's principal address Sant’Egidio at London Jesuit Centre 114 Mount Street Mayfair London Postcode W1K 3AH

Names of the charity trustees who manage the charity

1
2
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9
10
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19		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
John Kenneth Elliot
Broadley
Nicola Lipton
Michael Kirsch
Carmelo Di Natale

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

1

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document (eg. trust deed, constitution) How the charity is constituted

Trust Deed

Trust

Trustee selection methods

Appointment by existing Trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To promote the Christian faith as expressed in the social mission of the Community of S. Egidio in particular by promoting such of the work of the said Community in Italy and elsewhere as is charitable according to the law in England and Wales

TAR

March 2012

2

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

TAR

March 2012

3

Section D Achievements and performance

Summary of the main achievements of the charity during the year

TAR

March 2012

4

Section E Financial review

Brief statement of the charity’s policy on reserves

The policy is not to hold reserves, but to use funds for charitable works without running into deficit.

Details of any funds materially No funds materially in deficit in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Michael Kirsch Full name(s) Carmelo Di Natale Position (eg Secretary, Chair, Trustee Trustee etc) Date 30/10/2022

TAR

March 2012

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CHARITY COMMISSION FOR ENGLAND AND WALES Communlty of St Egidro Charitablè Trust Receipts and payments accounts CC16a Forthe pertod from 01.01.2021 To 31.12.2021 Section A Receipts and payments Unr0Stricted funds Endowmet)t funds to th• rw•*t £ RoStrlct•d funds Total funds Last y•ar to ￿•r•￿t £ A1 R&c81 2.000 10,000 Z,OOD 10,000 11866 4,1>00 10,000 22,S19 17.000 NLCF tbrpalions Othors 11866 Sub total(Gmss income forAR) IIDOD 24866 5J.519 A2 Asset and Investrnant $ale$, Isae table). Sub total Totalrec•ipts 13,866 12.000 25.866 53.519 A3Pa aolhes ents 3..134 J:ID5 334 279 63• Equipnb3ftt 908 67 4.810 4.87 1,28t 1,188 67 5,SfjZ 414 In8 Bank fees Food Other ShD&S Food. eQulp￿nt and ¢lolhino 752 3.$3S 1,4S7 1319 Sub total 1&49S 28.158 33.366 A4 A55et and Investm•nt purchasès,18•o table) Sub total Totalpayments 18.495 9.663 28.158 33.366 Netofro¢•lpts/(paym•nts) AS Trnn$for8 bètween funds A6 Cash lund5 lasl year end Ca$h funds thls y•4r end 4.629 2,337 2.292 20.153 19,054 14,425 4.2Y4 6.831 23.34B Y,IY5 21.056 23.348 CCXX R1 accounts ISSI 1410812022

Section B Statement of assets and liabilities at the end of the period Unrestrrcted funds t• ngarert£ Re5trlcted funds Endowment fund5 to ￿lf•St£ Categories D•tails to 1*ar￿t£ B1 Ca5hfunds B￿k 14.406 031 19 Total oash fund$ 14.425 6.631 Un￿triCted funds Restrfcted funds Endowment funds De¢all$ t• wr¢st £ to nwest £ d 1¢4whl¢h ass•t Current volu2 Details B3 kwestment assets elLYv Cgst ltyU¢nall r•rt Detalls B4 Assets retalned for the charlty's own use Fur￿ to wN¢h Ilat411ty relaies D?tall8 B5 Liabiliti•s z£ao S¥ned by one oriwv trvslees on behaw of all the truslees SKJnalure Print Name Date of 8pproval t5106 CCXX R2 accounts ISSI 1410612022

Community of S Egidio UK Charitable Trust

Trustees’ unaudited annual report and accounts 31 December 2021

Charity registered number 1018867

Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Contents

Trustees’ report 1-2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes 6 - 9

Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Trustees’ report

The Trustees present their annual report and accounts for the year to 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s constitution, the Charities Act and the 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) (published July 2014).

Trustees

The trustees who held office during the year and up to the date of this report were:

J K E Broadley M Kirsch C Di Natale N Lipton

Key advisers

Independent examiner Brian Marks, Xero Financials 93 Belmont Lane Stanmore Middx HA7 2QA

Bankers Santander

Structure, governance and management

The trust is a registered charity and is governed by its trust deed dated 31 December 1992. The Trustees comprise the original settlor, a senior charity volunteer and two other individuals who are married to each other. The charity was registered with the Charity Commission on 16 March 1993.

Trustee appointment, induction and training

The trust deed provides for a minimum of three trustees. Where there is a requirement for new trustees, these would be identified and appointed by the remaining Trustees under the powers given by the trust deed. One of the Trustees would be made responsible for the induction of any new trustee, which involves awareness of a trustee’s responsibilities, the governing document, administrative procedures and the history and philosophical approach of the charity. A new trustee would receive copies of previous years’ annual reports and accounts and appropriate leaflets published by the Charity Commission.

The Trustees may appoint nominees to be Trustees by resolution of a meeting of the trustees.

The Trustees are in regular contact with each other during the year to discuss operational matters including grantmaking, investment strategy and financial performance.

Risk management

The Trustees have examined all potential major risks which the charity faces and confirm that systems are established to manage these risks.

Objects, activities and achievements

The Community of S Egidio predominantly supports the work of the Community of S Egidio Italy, as set out on its governing document. The Trust made grants to a number of charitable causes amounting to £24,848 (2020: £52,619) in the year.

During the year, the trust received £25,519 in incoming resources, during the year the charity we received £12,000 of restricted funding (2020: 31,000l) these were grants from the National Lottery Community fund 10k, London Catalyst 2,000 and expended resources of £28,1581 (2020: £33,301). Available funds at the end of the year were £21,056 (2020: £23,348). The DREAM project is a holistic approach to the treatment of AIDS in 11 African countries using the same techniques and therapies available in developed countries. At the moment, about 500,000 people are followed by DREAM. More details about the program, including documentation and reports, are available at https://dream.santegidio.org/?lang=

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Reserves policy

The policy is not to hold any reserves but to use funds for charitable works without running into deficit.

Plans for future periods

The aim of the Trustees for the next year is to continue supporting the work of Community of S Egidio.

Trustees’ responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that 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 and the provisions of the trust deed. 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.

BY ORDER OF THE TRUSTEES

Trustee

Sant’Egidio at London Jesuit Centre, 114 Mount Street, Mayfair, London, W1K 3AH

Community of S Egidio Charitable Trust Charity registered number: 1018867 Date: 30/10/2022

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE COMMUNITY OF S EGIDIO CHARITABLE TRUST

I report on the accounts of Community of S. Egidio UK Charitable Trust for the year ended 31 December 2021, which are set out on pages 4 to 9.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

Since the charity’s gross income exceeded £25,000 your examiner must be independent of the trustees.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Brian Marks

ON BEHALF OF XERO FINANCIALS

The Pinnacle 93 Belmont Lane Stanmore HA7 2QA

Date:

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Statement of financial activities

for the year to 31 December 2021

Note
Income
Donations
2
Investment income
Total income
Expenditure
Charitable activities
3
Total expenditure
Net income/(expenditure) before gains/(losses) on investments
Net movement in funds
Total funds brought forward
Total funds carried forward		 2021
2020
£
£
25,866
53,519
-
-
25,866
53,519
(28,158)(33,366)
(28,158)(33,366)
(2,292)
20,153
(2.292)20,153
23.348
3,195
21,056
23.348

The notes on pages 6 to 9 form part of these accounts.

These financial statements have been subject to independent examination. See report on page 3.

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Balance sheet as at 31 December 2020

Note
Current assets
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
Net current assets
Net assets
Charity Fund
Charity Fund Restricted
4
Charity Funds Unrestricted
4		 2021
2020
£
£
21,056
23,348
21,056
23,348
-
21,056
23,348
21,056
23,348
6,631
4,294
14,425
19,054
21,056
23,348

These accounts were approved by the Trustees and authorised for issue on 15/06/2022 and were signed on their behalf by:

C Di Natale

Trustee

The notes on pages 6 to 9 form part of these accounts.

These financial statements have been subject to independent examination. See report on page 3.

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Notes (forming part of the financial statements)

1 Accounting policies

Community S Egidio UK Charitable Trust is an unincorporated charity registered in England and Wales (no 1018867). The registered office is the Mayfair address shown elsewhere in these financial statements. The charity's operations and principal activities are described in the Trustees' Report.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.

Basis of preparation

These financial statements have been prepared under the historical cost convention, as modified by the revaluation of current asset investments, and are drawn up in accordance with the Charities Act 2011 and the 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) (published July 2014).

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing these accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity constitutes a public benefit entity as defined by FRS 102.

Going concern

The Trustees are not aware of any material uncertainties related to events or conditions that may cast significant doubt about the ability of the charity to continue as a going concern and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Income

Income is accounted for on a receivable basis when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Recognition of liabilities

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Expenditure

Expenses are included within charitable activities on the following bases:

Charitable activities

Charitable expenditure includes all expenditure directly related to the objects of the charity. Grants payable are charged in the year in which they are paid or committed to be paid, resulting in a legal or constructive obligation.

Governance costs

Governance costs include all expenditure directly related to the administration of the charity including expenditure incurred in the compliance with charitable and statutory requirements. Governance costs are apportioned to charitable activities.

Funds structure and policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the Trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

All income and expenditure is shown in the Statement of Financial Activities.

Foreign currencies

Transactions denominated in foreign currencies are recorded at the exchange rate ruling at the date of the transaction or, where appropriate, at the rate of exchange in the related forward exchange contract.

Monetary assets and liabilities denominated in foreign currencies at the yearend are reported at the rates of exchange prevailing at the yearend or, where appropriate, at the rate of exchange in a related forward exchange contract.

Financial instruments

The charity has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102, in full, to all of its financial instruments.

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Financial liabilities

Basic financial liabilities, which include accruals, are initially measured at transaction price and subsequently measured at amortised cost, being transaction price less amounts settled.

Support costs

Support costs include all expenditure that is incurred to facilitate the objects of the charity. Support costs are apportioned to charitable activities.

Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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.

The Trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

2 Income from donations

Donations Restricted Donations Unrestricted

3 Charitable activities

Grants to organisation Restricted Grants – to organisation Unrestricted Cost of activities Total expenditure on charitable activities

2021 2020
£ £
12,000 31,000
13,866 22,519
2021 2020
£ £
9,663 26,706
15,185 -
3,310 6,660
28.158 33,366

4 Reserves

Restricted Funds Unrestricted funds Total Reserves

2021 2020
6,631 4,294-
14,425 19,054
23.348 23,348

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Community of S Egidio UK Charitable Trust Trustees’ unaudited annual report and accounts

Notes (continued)

5 Trustees

The Trustees neither received nor waived any emoluments during the current or preceding year. No out-of-pocket expenses were reimbursed to the trustees (2020: £nil). The Trust has not purchased indemnity insurance in respect of the trustees.

The charity did not employ any staff in the current and prior year. The key management personnel of the charity comprise the Trustees only.

6 Related-party transactions

There have been no related-party transactions in the current or prior year, other than the donations by the trustees listed in note 5, that require disclosure.

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