ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
CATALYST
CHARITY REGISTRATION NUMBER 1054580
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
CATALYST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Independent Examiner's Report on the Accounts | 4 |
| Trustees' Report | 5 to 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 to 13 |
CATALYST
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1054580
START OF FINANCIAL YEAR
01 April 2020
END OF FINANCIAL YEAR 31 March 2021 TRUSTEES AT 31 MARCH 2021 Sanjay Puri Philip Linford Davinder Kumar Puri
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
LEGAL STATUS Trust
GOVERNING INSTRUMENT REGISTRATION DATE
Trust Deed dated 18th March 1996 as amended by Deed of Variation 1997
12 April 1996: Standard registration
OBJECTS
1) To advance public knowledge and understanding by the promotion of study and research into religions and those movements concerned with the exploration of spiritual life or philosophies including, but without prejudice to the generality of the foregoing, cults, alternative and non-conventional religious sects, human potential movements and new age movements and the dissemination of the results of each study and research to the public.
2) To relieve the mental suffering and distress of persons including, but without limiting the generality of the foregoing, persons and their families who are being or have been affected by any new religious movement, sect, human potential movement or new age movement by the provision of help, advice, legal services, counselling and
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
Catalyst Counselling Legal and Training Ltd 3 Cobden Mews 90 The Broadway Wimbledon London SW19 1RH HSBC Plc 66 High Street New Malden Surrey KT3 4HD
INDEPENDENT EXAMINER
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
CATALYST INDEpENDEr EXAI4iNER'S REPORT ON THE Accoupirs FOR THE YEAR ENDED 31sr MARCH 2021 Rep¢yt to the trustee51 rnembas Catatyst the ac¢aJnts fty the year eTrded 31st March 2021. Re&peth respon4bllftl¢s ol tnt¢•s and examln8r The charty trustee5 are reSponsIb fcf the preparath)n d the act¢yJnts. The chafftys trusteas cmskler that an audfc 15 not thi5 yeor under sect#)n 144 (f the char Att 2011 (the Chat1tVè5 PLtI and that an kndependent eX1ft8t It b my r&ponsibilty to- examine the accwnts under seCtiC 145 of the Charites Act, to ftlk)w the prIlureS kid dovm in the general Dirt$ gfv by the Chwy Cconmtsstn (under sect1 14515llbl ( the chart Act, and to stète whether partruiir rnatters have come to my atteTrthJn B•49 ot Ibmlependent ex•minerf¥ temertt My examknatkn was carrth out in ¢daft¢e wkh gal (JIrtk)nS gfven by the Charlty CcffimLsskn. An examinat includes a revw £f the aCCJntlng reccfds kept by the charlty and a Ccmpartson cl the cOunts presented syh thtse rd5. It abo includ¥ COnsat c any unusual emS or in the COunts, and str.ng eXplanatn5 from the tntstees concernlng any such matteT5. The prOclurES Undertak do not pro¥SJe all the evbjence that vKKJld be ryuirui n an audit. and conseJuertly no cplnknn Ls as to wh#hw the accounts pre5Wt a Yrue and and the reptNt Ls Ilnfc to thcse matters s& ct kn the statement bekv4. Ind•p•nd•nt examlnBV6 siatemert In wlth my examlnatkn. no rnter has cometo my arentkx) whth gfves me r&ble cause to b&kne th& Hi, any materkil respfft, the r4urerrsents.' to keep XCjntg ld5 kn cordanCe vAth 130 rfthe charit Act; and to ppare xcounts v4hrh accixd wfch the JntITrg rardS and wh the &cwntlng r4ulremeTrts f the Chèrlts Act have nrt been met: rx to whth, ITr my f4)in, attwtw be tlrwwn in order to eTrab a prw undgstanding L* the ac¢tyJnt5 to be hl. Donna Leppti Indepdent Examlners Ltd Unf( 2 The Brtédrklge Buskness Centre Dellkng Lane F•)sham F018 8NF Date.. 16th November 2021
CATALYST
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2021
COVID has raised a number of issues over the last year. Like many charities we have seen a drop in regular giving. However the number of requests for help have increased. Many are new cases but we have had a steady stream of cases some from 10-15 years ago looking for help as a result of COVID and lockdown.
We had one request for help from 4 Hindu women who had been sexually abused for over 25 years. We arranged legal representation for them and their case is at present awaiting a hearing in the high court.
In all it has been a good year with over 200 requests for help.
5
CATALYST TRiISfEES' REPORT (cortlnued) FOR THE YIAR ElaJED 31ST W4RCH 2021 The Act 2011 Nue5 the trustee5 to prware fknZnc sternthts year whth prtsents true and fa View cl the the the surp$ fAthe thal perKKi. In prepn9 thase fknancial StatntS the trustees are reoural to.. l) Seknt sutabk &coJntkng p(s a)d •pty than ¢SIstentty 11) Make Judgemwts estYn&e5 th are prutIt 111) Ftrepare ffmancky staternts the gcin9 ccficwn bas t ks kn4>PrTIrte to presume that the trust Cfmtlnue yi eXt The Trusttt5 ¥e reSpsIb ft keq>kng pr(w cOunt9 recryds. wih &onj accury at aThy tkne the financh4 of the (thth. Thy we akn resp(5 fv safaJuar¢llng the assets rf the Cthwlty hf¢r tsknn9 rea$c3b steps for the Ortectin d trwd and rthw regulws. I appro¥e the st&ernt Lrf fiTr1 and baknce sh cLr1 th I have m•de 4Vfdkbk dl informatTh ntte$Sv fcr ts preprtkn. Appr&wèJ by theTrustea8 (ffi... shan cfi th* byTrustee...... Prkntd Nwne:
CATALYST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2021
| Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b TOTAL INCOMING RESOURCES PAYMENTS Costs of Charitable Activities 4a NET INCOMING/(OUTGOING) RESOURCES 5 Balances Brought Forward BALANCES CARRIED FORWARD RESOURCES EXPENDED RECONCILIATION OF FUNDS: TRANSFERS BETWEEN FUNDS |
Unrestricted Restricted Total Total Funds Funds 2020/21 2019/20 £ £ £ £ 35,078 - 35,078 38,079 - - - 1 |
|---|---|
| 35,078 - 35,078 38,080 |
|
| 35,385 - 35,385 40,002 |
|
| 35,385 - 35,385 40,002 |
|
| (307) - (307) (1,923) - - - - 62 - 62 1,985 |
|
| (245) - (245) 62 |
Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
7
CATALYsr BALAIKE SHEEr AS AT 31 MAROI 2021 Tatsl Tathl Fund nd Tangknk Assds Investment Assets Debtus & F¥ep4ymts)ts Cash at bKd kn hand 1.075 1,075 62 Cr•dltww wnounts dut wlthkn ty 1.320 (245) (245) 62 (245) (245) Crnato. •ntyJnts du• kn m¢ than ce y•r PUND9 ov The CHAATrY General FuDds Rastrktal funds {2451 (245) 62 TQTAL VIINDS Appro¥d by theTrustees .. SlJnl cffi th beha¥ byTrust•........ . pthted N.
CATALYST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
Basis of preparation:
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming Resources with Related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the tax reclaim is received.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts and is described in the Trustees' Report.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
This page does not form part of the statutory financial statements
9
CATALYST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consisent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Furniture & Equipment
25%
There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.
2. TANGIBLE FIXED ASSETS
The Charity held no fixed assets investments during this or the previous financial period.
This page does not form part of the statutory financial statements
10
CATALYST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021
3. INCOMING RESOURCES
| Note 4. RESOURCES EXPENDED Note a) Donations & Legacies Charitable Activities b) Investment Income Interest Received Gifts & Donations Gift Aid Tax Refund Legal & Professional fees Governance costs:- Independent Examiner Fee Sundry expenses Consultancy Fees Postage & Stationery |
Unrestricted Restricted Total Total Funds Funds 2020/21 2019/20 £ £ £ £ 29,220 - 29,220 32,973 5,858 - 5,858 5,106 |
|---|---|
| 35,078 - 35,078 38,079 |
|
| - - - 1 |
|
| - - - 1 |
|
| Unrestricted Restricted Total Total Funds Funds 2020/21 2019/20 £ £ £ £ 34,050 - 34,050 39,200 2 - 2 354 - - - - 1,320 - 1,320 435 13 - 13 13 |
|
| 35,385 - 35,385 40,002 |
This page does not form part of the statutory financial statements
11
CATALYST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021
5. RESTRICTED FUNDS
The Charity held no Restricted Funds during this or the previous financial period.
6. INVESTMENTS
The Charity held no investment assets during this or the previous financial period.
7. CASH AT BANK AND IN HAND
| Bank account-Catalyst Catalyst Counselling L&T Ltd Calatyst Savings ac |
Unrestricted Restricted Total Total Funds Funds 31-Mar-21 31-Mar-20 £ £ £ £ 1,054 - 1,054 41 21 - 21 21 - - - 0 |
|---|---|
| 1,075 - 1,075 62 |
8. DEBTORS AND PREPAYMENTS
The Charity held no Debtors during this or the previous financial period.
9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiner's Fee | Unrestricted Restricted Total Total Funds Funds 31-Mar-21 31-Mar-20 £ £ £ £ 1,320 - 1,320 - |
|---|---|
| 1,320 - 1,320 - |
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial period.
11. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial period.
12. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2019/20- None)
13. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
14. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
This page does not form part of the statutory financial statements
12
CATALYST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021
15. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
13