StPhllamqnasCarshJlton Ch4ritableTrust Pound Stfftt Carshatton SM5 3P5 Telephone020 8642 2025 CharityNumber 1052868 Unaudited Reports and Financial Statements For the year ended 31 March 2021 St. Philomena's Carshalton Charitable Trust Charity Mumber: IOS2868 Company Nurnber: 03077439
St. Philomena's Carshalton Charitable Trust Contents Page Charity infornlation Tnjstees, report Independcnt examiner's rert Statement of fman¢ial activities Balance sheet Note5 to the financial statements
SL Philornena's Carshalton Charitable Trust Charity information The trustees present thcir annual rcport and the audited financial statsments of St Philom¢na's Carshalton Chttritable Trust {'the Tt,) for the year ended 31 March 2021. REFERENCE AND ADMINISTIL4TION INFORMATION Charity name St Philomena's Carshalton Charitable Trus1 Charity registration number Company registration number 1052868 03077439 Trustees Dr. M. Howard Ms M. Noon¢ Mr5 J Kulka Mr P. Bradbury Mrs P. Reid Secretary Mrs. J. Kulka Registered office St. Philotllena's Catholic High School for Girls Pound Street Carshalton Surrey SM5 3PS Bankers N&tional Westminster Bank plc 27 Wood¢ot¢ Road Wallington Surrey SM6 OLN Lloyds Bank Faryners Houge 25 Monument Street I.ondon EC3R 8BQ Indep¢nd¢nce examiners UHY Hacker Young Thames Hous¢ Roman Square Sittingbourne Kenl. MEIO 4BJ
St. Philomena's Carshalton Charitable Trust Trustees, report For the year ended 31 March 2021 I'hc tsuste¢s present their Trustees, Report 8nd annual report in accordance with the special provisions of Part 1 S to th¢ Companies Act 2006 relating to small companies, applicable UK a¢¢ovnting standards (including rinancial Reporting Standard 102), the Charities Act 2011 and Charity SORP (FRS 102). and the Articlcs and Memordndum of Association. Strueture, GoverDAnce alld MaDagemellt Tbe governing instrument St. Philomena's Carshalton Charitabl¢ Trnst is an incorporated cliarity limtt¢d by 8uaratitse. The directors of the company arc the trusteeq for the purposes of the Charities Act. Trustees are appointed and elected in accoTdanc¢ with th¢ Memorandurn and Articles of Association. Or%anisational struetsre The trustces meet three times a year to review income and proposals for expellditure. A Trust¢¢ and the S¢cretary deal with day-to-day correspondence and administration, and fees are paid for bookk¢¢ping and acLountancy. Trustees The trustees holding offi¢¢ during the year and up to the date of this report are: Dr M. Howar BDS Ms M. Noone BS¢ (Hon8) MBA Mrs J. Kulka MBA (Open) hlr P. Bradbury Mrs P. Reid Recruitment and appoiothiellt of truste The initial Trustees were appointed by the governing instrwnent. but all of the Current Trustees, were appointed by a r¢soluÉion of th¢ Trustees passed at a meeting of the Trustccs. Future Trustees may be appoitlted by a r¢solution of the Trustees passed at a m¢etin8 of the Trustees. Trustee induction and training Each year the tSt¢eS are kept infornied of developments in the charity sector. 'fhe Collective expertise of the tsustecs in the fields of eduoation. law and trust administration, will b¢ supplemented when it beMeS necessary.
St. Philomena's Carshalton Charitable Trust Trustees, report (continued) For the year ended 31 March 2021 Structur4 Governanee 2nd Mgnagement (eontittued) Ststement of iruste¢s' responsibilitie5 Law applicable to charttie5 in England and Wal¢s requires the trtte$ to prepare financial statements for each financial year which give a true and fair view of the Trust's financial a¢tivities during the year and of its financial position at the end of the ycar. In preparing the financial statements giving a true and fair view. th¢ trustees should follow best practic¢ and: select suitable accounting policies and then apply them Lonsistenily. make judgements and eslitnal¢s that are r¢asonable and pnidentr, sial¢ whether applicable accounting staJJdards have been followed. subject to any material departures dis¢los¢d and explained in the financial statements. and prcpare the financial statements on th¢ 80ing corkcern basis unless it is inappropriate to presume that the trust will continue in OpallOn. 'I'he trus¢¢¢s are responsible for keeping accounting records which disclose with asOnable accuracy the financial position of the Trusl and which enable them to ensure that the financial slal¢m¢nts comply with the Charities A¢t. They are also responsible for safeguardin8 the assets of the Trust and hence for taking reasonable st¢ps for th¢ prevention and detection of fraud and other irregularitics. They are required io apply the funds of the Trust with compl¢l¢ fairness to meet the objects of the Trust. Investment policy Apart from th¢ leasehold building let to the School for a pepp¢rcorn TenL the trustecs aim to maximise the int¢r¢st ¢arned on the Trust'5 cash resour¢¢s. Risk management The trustees have assessed the major risks to which the Trust is exposed, in particular those relating to the operations and finances of the Trust. and are satisfied that systems are in pla¢¢ to mitigate their exposure to the major risks. Objectives The object of the charity. per th¢ articles is: The advancement of th¢ Roman Catholic Religion and the advancem¢nt of education in the Roman Catholic tradition and in particular (but without prejudice to the g¢n¢ralily of the foregoing) the provisioiis of educational facilities in Schools. I"he Trustees currently direct their support in advancement of these objects towards St Philom¢na's Roman Catholi¢ High School for Girls, ('the School.). Activili¢8 During the year the Trnst has mad¢ variou5 contributions towards th¢ School's capital and revenue expenditure, amounting to £81,887 (2020.. £123.492).
St. Philornena's Carshalton Chan"table Trust Trustees, report (continued) For the year ended 31 March 2021 Public benetit The Trust¢¢s confim) ihat they have cotnplied with th¢ duly in Section 17 of lh¢ Charilies Act 201 I to hav¢ due regard to the Charity Commission's general guidance on Public B¢n¢fit. Th¢ Trust's operation5 enhanee ihe educational facilities that ihe School is able lo offer its pupils. Achieyements and perfonnan¢e During the year the Trust h&$ continued to raise funds from parents of the pupils in the School, and earn interest on ihe monics held on deN)sit. Financial r¢Yiew Result$ of the year The Trust's total income for the year amouni¢d io £163.137 {2020.. £191,332). This included voluntary income receivable of £163,084 (2020: £191,207). Toi21 expenditure amounted to £111,188 (2020.. £152.371). The re5ulianl increase in funds was £51,949 (2020.. £38,961). Re5erveg pollcy The trustees retain fund5 that will enabl¢ the Trust to assist with projects thai ihe School is about to embaTk upon. All receipts are crediied to an unre5trict¢d in¢om¢ fund which is not subject to any strictions regarding their use, The balance of ihc free reserves liotal reserves less the value asso¢idted with tangible fixed 5¢ts on the Balanee Sheet) at the year-end amount to £434,837 {2020.. £376,052). Grant making poliey Grants are made after evaluaiion of the comparable benefits to the School. Plans for futur¢ period5 The Trust will conlinue to support the development of the School and will 1$1 the funding of such prOjts as are b¢ing und¢rtaken from lime to tirnc. This rcport h&$ ken prepared in accordaTKe with Accounting and Reporting by Charities.- Slatement of Recommended Practice {FRS 102) and in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating 10 small companies. roved by the Trustees on ...1711112021. and signcd on their behalf by.. . Mr P Bradbury . Dr M HowaTd
St. Philomena's Carshalton Charitable Trust Independent Examinerfs Report for the year ended 31 March 2021 Independent Exthminer's Report to the Trustees of St. Philomena's Carshalton Charitable Trust (the 'company') I rcport to the charity Trustecs on my ¢xamAnation of the accounts of the company for the yeAr ended 31 March 2021. 'I"his rqK)rt is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (A¢counts and Reports) Regulations 2008. My work has been undertaken so that I might state to thc companys Trustees those mattcrs l am rcquired to state to them in an IndepLndent examtner's report and for no other pury)os¢. To the fullest extent pern]itted by law, I do not aecept or assume responsibility to anyonc other than th¢ company nd the company's Trust¢¢s as a body, for my work or for this report. Responsibilities and Basis of Report As the Trustees of the company (and its directors for the purpos¢5 of company law) you are responsible for the preparation of the accounts in accordance wtth the requircm¢nts of the Companies Act 2006 ('the 2006 Act,). Having satisfi¢d myself that the accounts ofihe company are not required to be audited under Part 16 of the 2006 Act and are eligible for indepgndcnt examination, I report in respect of my examination of the company's accounts carried oul under section 145 of tlie Charities Act 2011 ('the 201 l Act,). In carying out my examination I have follow¢d the Directions given by the Charity Commission under 5eL*ion 145(5Kb) of the 2011 Act. Independent Examiner's Statement I have complettrd my cxamination. I can confirm that no matters hav¢ come to my attention in connection with the examination giving me cause to believc.. accounting re¢ords were not kept in respect of the Company as rwuired by section 386 of th¢ 2006 Act. or 2. th¢ accounts do not accord with thosc records. or 3. the accounts do not comply ivith the accounting requirements of section 396 of th¢ 2006 Act other than any r¢quir¢ment that the account5 give a llrue and fair, view which is not a matter ¢onsid¢r¢d as part of an independent examination. or 4. the accounts have not been prepar¢d in ac¢ordance with the tnethods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the IJK and Republic of Ircland (FRS 102)]. I hav¢ no concerns and have Com¢ across no other matters in connection with ihe examination to which attention should be drawn in this report in ord¢r lo enable a proper understanding of the accounts to be reached. Signed: Dale.. 3 December 2021 Allan Hickie Bsc FCA UHY Hacker Young Thames House. Roman Square Sittingbourne Kent. MEIO 4BJ
SL Philomena's Carshalton Charitable Trust Statement of financial activities For the year ended 31 March 2021 2021 2020 Total Fullds Notes Funds (All (Ali nr*stricied) TifrifEStrtcted) Income fronk: Donations Building Fund Resources Funds 163,084 173.047 18.160 163,084 53 191,207 125 Investments Total income 163.137 191.332 Expenditure on: Charitable activities 111.188 152.371 Total expenditure 111,188 152,371 Net income 51,949 38,961 Total funds at l April 2020 574,313 535,352 Totsl funds at 31 March 2021 626,262 574,313 All income and ¢xpenditure d¢riv¢s from continuing activities. There ar¢ no recognised gains or105ses other than those included above. The notes on pages 8 to I I fomi part of these financial statements.
St. Philomena's Carshalton Charitable Trust Balance sheet as at 31 March 2021 2021 2020 Notes Fixed assets Tangible fixed assds 191,424 198,261 Current amets Debtors Cash ai bank and in haThJ 108,281 J36.402 112.090 273.808 444,683 385,898 Credi¢ors- Amounts falling wlthin one year (9,846} (9,846) Net eurrent assets 434,837 376,052 TotAI asse¢s less current li&bili¢ies 626,261 574,313 Th¢ funds of the charity Unrefflriaed income funds 626,621 574,313 Totsl ¢harlty funds 626,621 574,313 These financial statements are prepared in accordance with th¢ spe¢ial provisions relating to small ¢ompanies within Part 15 of the Companies Act 2006. The Trustees consider that the ¢ompany is enlitled to exeJnption from the requirement lo have an audit under the provisions of se¢iion 477 of the Companie5 A¢1 2006 ("the Act") and m¢b¢T$ have not required the company to obtain an audit for the year in qU¢Siion in accordance with sxli(Trll 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the CompaDies Act 2006 with respect to accounting r¢cords and the preparation of financial siatements. Approved by the Board of Trustees on . and signcd on its behalf by Trustee Tru5tc¢ Mr P Bradbu Dr M Howard The notes on pages 8 t I I form part of these financial stalcments.
St. Philomena's Carshalton Charitable Trust Notes to the financlal statements (continued) For the year ended 31 March 2021 Charltable status and tsxation The company (hcr¢in ref¢rred to as 'the Trust,) is a regisler¢d Charity. limited by guarantee and does not have a share capital. 'I'he company is incorporated within Ensland and Wales. Accounting polieies The financial statsments are prepared in aordanC¢ with Accounting and Reporting by Charities: Statement of Recommended Pra¢lice applicable to charities preporing their accounts in accordance with the Firlancial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of fr¢land (FRS 102) the Charities Act 2011, and thc Companies Act 2016. They are drnwn up on the historical accounting basis. Th¢ ¢harity meets the definition of a public benefit entity under FRS 102. Income Donations are credited to in¢om¢ when receiv¢d. Recoverable income tax is included with the donation to which il r¢lat¢s. Any income tax which has still lo be re¢overed at the period end is rc¢ognised as a debtor. Interest is rccognised when receivable. C2pitalis&tion of tydngible fixed 25sets and depreciation Purchases of tangible red assets aT¢ ¢apitalised where their useful lif¢ extends ovu mor¢ than one year. Depreciation is calculated to write off the cost less estimated r¢sidual value of fixed assets on a slraight-line basis over their cstimat¢d useful lives. The only tangible fjxed assets WTied on the Balance sheet relate to improvements to leasehold property. A lease was brant¢d to the Trust in February 1998 by the Congregation of the Daughters of the Cmqs of Liege for classrooms on the fwst and seLond Iloors of the main sch(K)I buildings, and this is due to end in 2047. The costs capitalised as improvement to leasehold property are depreciated over their estimated useful lives, deemed to bc the unexpired terni of the lease, ending in 2047. 23 Expenditure Charitable expenditure comprises thos¢ costs incued by the charity in the delivery of its activities. It includes both costs that can be alloeated directly to such activities and those costs of an indirect natyre necessary to support them. Grants payable are recognised when the grant h&fj been awarded, and any condition5 attached have been satisfied or fall outside the ohartty's wntrol. Governance Costs include ihos¢ costs associated with meeting the constitutional and slalutory requirements of the charity and include audit fee5 and costs linked to the strategie management of th¢ charity. All cosls are allocated tween the expenditur¢ ¢ategories of the Stattm¢nt of Financial Activitie5 on a basis designed to reflect the us¢ of the tysource. All expenditure is inclusive of iT0Ver#bIe V A-r.
St. Philomena's Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2021 FuDd accounting All funds are held as general unrestricted funds which arc availabl¢ for use at the discretion of the Trustees in furtherance orth¢ general objectives of the Trust and which havc not been desi8nated for other purposes. These funds do includes the value of tangibl¢ fixed assets which have been purchased using unrestricted funds, and so the Trust's complelely free r¢s¢rves comprise total funds l¢ss th¢ D¢t book value oltaogible red assets held on the Balance Sheet. EIpenditurc on charitable a¢tiviti¢s 2021 2020 Grants payable Support costs Governance costs (not¢ 4) 81,887 10,248 19,203 123,492 9,099 19,780 111,188 152,371 All grants are payable to St. Philomena's Catholic High School for Girls. No on¢ is directly employed by the Trust. Governance eosls 2021 2020 Bookkeeping fee Independent examination fee Accountancy and tax fees 15,203 2,000 2,000 15,630 2,000 2.150 19,203 19,780 TTUStees' transactions No trustees received any remuneration or expenses frotn the Trust in the year or previous year.
St. Philomena's Carshalton Charitable Trust Notes to the financial statements (continued) For the year ended 31 March 2021 Tallgible red assets Short leasehold property improvetnellts Cost As at l April 2020 and 31 March 2021 341,301 Aceumulated deprlatiOn As at l April 2020 Charge for the year 143,040 6.837 As at 31 March 2021 149.877 Net book values As at 31 March 2021 191,424 As at 31 March 2020 198,261 Debtors 2021 2020 Tax reclaimable (Gift Aid) 23,281 Short twm loan to The School (repayable before 31 August 2022) 85,000 27,090 85,000 108.281 112,090 Creditors- Amounts falling due within on¢ year 2021 21Y20 Amounts payable to the School Accruals 6,000 3.846 6.000 3.fA6 9.846 9,846 Future commi¢men¢s The Trustees have authorised that all available funds may be granled to th¢ School if required. The Trust is likely to make contributions to the School towards: Current VASCA projects of £40,628 Chromebooks of approximately £20,000 Salary costs of approximately £29,569 Chapel boiler roof and rwm rep&iTS £50.000. io
St. Philomena's Carshalton Charitable Trust Notes to the financial ststements (continuedl For the year ended 31 March 2021 io Related party transactions During the year costs toialling £81.887 {2020= £123,492) were in¢urred relaling lo either payments due directly lo St. Philomena's Sch(K)l. or to settle liabilities on th¢ S¢hool'.s behalf. These costs mostly relate to grant5 fui buildlng works and oth¢r agreed projects. Staff costs incurred by the School in relation to the Tnt. disclosed &s bookkeepillg fee within governanc¢ costs, amounted to £15,203 (2020.. £15,630}. There was no salary paid to the key manag¢ment of the charity (2020.. £nil). The Trust advanced £85,000 to the School in the previous year. There is no fonnal repayment plan in place bul it has been agreed that tho total will be repaid by 31 August 2022. li Membera, liability F.ach member of the Ch1tble Company undertakes to contribute to the asscts of th¢ Company in the event of IÉ bcing wound up while helshe is a member, or within one year after helshe ceases to be a member, such atnount as may b¢ required, not exceeding £1 forthe debts and liabilities contrActt¥J b¢fore he/she ceases to be a meMr.