## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED 31ST MARCH 2022**
## **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 2022**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Accounts**|8 to 12|
|**Independent Examiner's Report on the Accounts**|13|
## **CATALYST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
1054580
**START OF FINANCIAL YEAR** 01 April 2021 **END OF FINANCIAL YEAR** 31 March 2022 **TRUSTEES AT 31 MARCH 2022** 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** Trust Deed dated 18th March 1996 as amended by Deed of Variation 1997 **REGISTRATION DATE** 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 therapy.
## **CORRESPONDENCE ADDRESS**
Catalyst Counselling Legal and Training Ltd 3 Cobden Mews 90 The Broadway Wimbledon London SW19 1RH
**PRIMARY BANKERS** 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**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022**
This last year has been an extremely busy one mainly as a result of various media exposure we received. Seven of our clients were referred for legal advice and their story was published in two large articles in The Times. This led to an increase in calls looking for advice and in some cases legal help.
The next article was in the Daily Mail,this was a three page article relating to a group we were already receiving calls about.
To date we have received 36 calls which is over 10% of our annual requests for help. We are also giving assistance to 2 TV companies who are in the process of making programmes. Perhaps the most encouraging responses have come from clients by the way of cards and emails. In at least two cases suicidal clients have been referred to the appropriate authorities for medical help and we have continued to support them. In all a busy and successful year.
4
CATALYST
TRusfEES' REPORT (contlnued)
FOR ThE YEAR ENDED 31ST •IARai 2022
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## **CATALYST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
|**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
**TOTAL INCOMING RESOURCES**
**PAYMENTS**
Costs of Charitable Activities
**4a**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
44,345
-
44,345
35,078|
|---|---|
||**44,345**
**-**
**44,345**
**35,078**|
||40,860
-
40,860
35,385|
||**40,860**
**-**
**40,860**
**35,385**|
|||
||**3,486**
**-**
**3,486**
**(307)**
-
-
-
-|
||**3,486**
**-**
**3,486**
**(307)**|
||(245)
-
(245)
62|
||**3,241**
**-**
**3,241**
**(245)**|
Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
The notes form part of these financial statements, found on pages:-
8 to 12
6
CATALYsr
BALAIICE SHeeT
AS AT 31 MARCH 2022
Unre5trkt&1
Fund
Re5trtte
Fund
Tatsl
Total
31-Matr22 31-M•TrZX
N¢X4S
TgIb Assds
Inbtstment Asset5
Cun*rt A•J•ts
Oebtc*s & Prepayments
Cash at bonk In hand
4,561
4.561
1,075
561
561
Cr•dltow rnnts falkng due
4¥lthkn ¢)ne ye
NeT CURRENT ASSETS
1.320
lJ20
1,320
3.241
3.241
{2451
TOTAL AS6tTS les$ currnnt i*intks
1
(w)
Cmdltom &nounts faWn9 due kn rntre
th one y
241
FIM41XS OF THE CHARITY
Gen¥* Funds
Restr*tèJ fuThd$
3.241
3.241
1245)
TOTAL FUN
241
APpd by the Trustees ..- . ..
S*ned on the* behdf by Trust*........
prtnted NJne'.
## **CATALYST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **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.
This page does not form part of the statutory financial statements
8
## **CATALYST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **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
## **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 £1,500. 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
9
## **CATALYST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **3. INCOMING RESOURCES**
|Note
**4. RESOURCES EXPENDED**
Note
**Governance costs:-**
Independent Examiner Fee
Legal & Professional Fees
**Charitable Activities**
Consultancy Fees
Postage & Stationery
Bank charges
Sundry expenditure
Transfers from CCL & T Ltd
**a) Donations, & Legacies & Similar**
**Income**
Gifts & Donations
Gift Aid Tax Refund
General Gifts/Donation|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
38,784
-
38,784
29,220
5,183
-
5,183
5,858
154
-
154
-
225
-
225
-|
|---|---|
||**44,345**
**-**
**44,345**
**35,078**|
||Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
39,500
-
39,500
34,050
-
-
-
2
20
-
20
-
7
-
7
-
1,320
-
1,320
1,320
13
-
13
13|
||**40,860**
**-**
**40,860**
**35,385**|
This page does not form part of the statutory financial statements
10
## **CATALYST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **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**
|**7. CASH AT BANK AND IN HAND**||
|---|---|
|Bank account-Catalyst
Catalyst Counselling L&T Ltd
Catalyst Savings|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-22**
**31-Mar-21**
£
£
**£**
**£**
4,545
-
4,545
1,054
16
-
16
21
-
-
-
-|
||**4,561**
**-**
**4,561**
**1,075**|
## **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-22**
**31-Mar-21**
£
£
**£**
**£**
1,320
-
1,320
1,320|
|---|---|
||**1,320**
**-**
**1,320**
**1,320**|
This page does not form part of the statutory financial statements
11
## **CATALYST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **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.
(2020/21- 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.
## **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
12
## **CATALYST**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
Report to the trustees/ members of Catalyst on the accounts for the year ended 31st March 2022.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 31st July 2022
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