## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED 31ST MARCH 2023**
## **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 2023**
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Page
Legal and Administrative Information 3
Trustees' Report 4
Independent Examiner's Report on the Accounts 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 11
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## **CATALYST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
1054580
**START OF FINANCIAL YEAR** 01 April 2022 **END OF FINANCIAL YEAR** 31 March 2023 **TRUSTEES AT 31 MARCH 2023** 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 5 Hollymount Retford Nottinghamshire DN22 6BF
## **PRIMARY BANKERS**
## **INDEPENDENT EXAMINER**
HSBC Plc 66 High Street New Malden Surrey KT3 4HD Zita Derbak Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
CATALYsr
TRUSTEES. REpoirr
FOR THE YEAR ENDED 31sr MARCH 2023
To hdp tsrnllle5 & IndlvldLaa15 who have been damaged by grou menth)n*1 above. GMn9 help. advice, counsdllng •rtd
where approprlats legal adv*e.
Catsly5t Trustee5 h•¥• rn9ard to th• 9uthrKe d the Charty on the publlc benefft
All Cataw volunteeis Iwork unpald, SUprrtjIWj Catsfyst In IVS admlnbsirntkn, th• kwlfva of accounts, ¥ft Jld and do
not have any dlrect conl•rt wlth d*r
Achl¢v•m•nt: A c•tslrb amtsunt ol wlth xt*ds. os8bstlng tea¢hws. wlth Inrornwtl and advkè on developlng
courses for students.
The charfty was workln9 wlth the mttllj In pr(Kludn9 tv fJdkn & newspaptr artlde5 in r•l•tlonshlp to ts 9rt)UPs that we
research & study. e.g. Dvdng the latt 12 TTh)nths - we hm TMorkeJJ ¥41th the B8C. In the producuon of • Thwjor
prngrammi & pojcast entitled-A very Bntlsh CUY.
We have also 4SSiSted the Sunday nm•s. The Dally Mall & the Oally Telegra.
We have ais0 isslsted dients & sollcitorn In 2 major legal case5, whlth •r• •t gcAng thmugh the ¢wts.
Each year wt recelve On overnge 200 cases for hdp with r*rrnls frr*n a wkle ¥arlety ae sourc•s.
Voluntsry glts •re rttdvad bcth off slngle 9Wts for ctyJns¢Ulng seNltts and g(ffi• under the glft •ld sChe.
Cllents counselled 9l¥e on a purety voluntsry Iwls. nv)# coungellhig free of tharye oTrJ not*xly bs ever tyrned
¥way.
Vln•nc• A•¥l•w.. The Ilnandal pxbtbon rf the dwrlrty at the end of the perlod Is o)od. As • very wnjll charlty no
government supwt - ihe reserves are ¥4hat Ls at the er of the Ibnandol ywr In the milTr bjnk aco)urt. R•se
d•pends on the voluntary glvlng.
The Charths Act 2011 requ15 th• to kyeparn fin)1 Statetr* for •ach fln)ndal year whlch presents •
tfU• and falr vlew of the staté of affJlrs ol the Chartty •nd {* the surplws of th• Charfty for that pertod. Ift prepartng
th05è financljl ststements the trustees are requlred to..
l} Selert 5ultable accountlng rdkles and appty them conslstentty
11) Make judgements and e511mates that •re r¢•sonable and pnKJw
111) prere flnandal ststeN$ on the Wng cfjncwn bmls unle* It ts IMpwoprt•t• to pr•sum• that th• trust wlll
¢ontlnu¢ In •xlgtencé.
The Trustees are r¢snsIble for ke*rKJ woper xcounun9 records. whlch dlKh)se wlth rejsonable accuracy at any
tlme the nnantl•l posftkffi cl the Charlty. They are also rests1 for sJfe9uardlng the assets ol the Chadty and h•nce
for tsklng reastsnae stos for the and det*tion of lrnud and other IrrEgUrfOeS.
l approve the att•dl ststwnent of Ilnandal actyvlllos sheet for the hyear *Nled 31 2023 and
conflmi that I have ma**INCOMING RESOURCES**
Donations & Legacies
**3**
**TOTAL INCOMING RESOURCES**
**PAYMENTS**
Costs of Charitable Activities
**4**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**TRANSFERS BETWEEN FUNDS**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022/23**
**2021/22**
£
£
**£**
**£**
47,787
-
47,787
44,345
**47,787**
**-**
**47,787**
**44,345**
44,853
-
44,853
40,860
**44,853**
**-**
**44,853**
**40,860**
**2,934**
**-**
**2,934**
**3,486**
-
-
-
-
**2,934**
**-**
**2,934**
**3,486**
3,241
-
3,241
(245)
**6,175**
**-**
**6,175**
**3,241**|
|---|---|
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: 7 to 10
These consolidated financial statements combine the results of the charitable company Catalyst and its subsidiary undertaking Catalyst Counselling Legal and Training Limited (company number 03402256).
CATALYsr
BALANCE SHEET
AS AT 31 •IARCH 2023
ToL•l
JI-M¥12
Fu
FuTrJ
3141*13
Tttngible Asseis
Investment Assets
Debtors & Prepaymnts
Cash at bank Jnd In hand
7.495
7.495
4.561
Cr•dlt•r•: amounts falllNJ du•
wlthln ¢)ne year
1.320
1.320
1,320
6,175
6.175
3,241
TOTAL ASSETS less current }bIlle5
175
175
3,241
Cr•dltov•: amounts lalllThJ due In
thjn ¢Y year
14Ef Assrrs
17S
PUIIDS OP The CHARITY
Genèral Funds
Il•thrted lund5
6,175
6.175
3,241
rAL PUNDS
175
Approv•J by the Trusw on ....
Slgned on thdr tyehalf by Trustet ..... . .
Prfnted Name:
## **CATALYST**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **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
## **CATALYST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **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 £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 in April 2022-March 2023.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2023 : None 31st March 2022 : None
This page does not form part of the statutory financial statements
## **CATALYST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **3. INCOMING RESOURCES**
|General Gifts/Donation
Donation from CCL & T Ltd
**Donations & Similar Income**
Gifts & Donations
Gift Aid Tax Refund|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022/23**
**2021/22**
£
£
**£**
**£**
35,555
-
35,555
38,784
11,838
-
11,838
5,183
154
-
154
154
240
-
240
225
**47,787**
**-**
**47,787**
**44,345**|
|---|---|
## **4. EXPENDITURE**
|Legal & Professional Fees
**Governance costs:-**
Independent Examiner Fee
**Charitable Activities**
Consultancy Fees
Bank charges
Sundry expenditure|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022/23**
**2021/22**
£
£
**£**
**£**
43,400
-
43,400
39,500
120
-
120
20
-
-
-
7
1,320
-
1,320
1,320
13
-
13
13
**44,853**
**-**
**44,853**
**40,860**|
|---|---|
The net income and expenditure result for the year dealt with in the subsidiary accounts of Catalyst Counselling Legal and Training Limited was £0 (2022/21: £0).
## **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**
|Catalyst Savings
Bank account-Catalyst
Catalyst Counselling L&T Ltd|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
7,479
-
7,479
4,545
16
-
16
16
-
-
-
-
**7,495**
**-**
**7,495**
**4,561**|
|---|---|
## **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-23**
**31-Mar-22**
£
£
**£**
**£**
1,320
-
1,320
1,320
**1,320**
**-**
**1,320**
**1,320**|
|---|---|
This page does not form part of the statutory financial statements
## **CATALYST**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023**
## **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.
## **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