ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
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 2024
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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 2023 END OF FINANCIAL YEAR 31 March 2024 TRUSTEES AT 31 MARCH 2024 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
HSBC Plc 66 High Street New Malden Surrey KT3 4HD
INDEPENDENT EXAMINER
Zita Derbak Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
CATALYST CATALYST TRUSTEES' TRUSTEES' REPORT REPORT FOR FOR THE YEAR ENDED 31ST MARCH 2024 THE YEAR ENDED 315T MARCH 2024
To Main Activities: help families & The promotion, knowledge & study of new religious movements. individuals who have been damaged by groups mentioned above. Giving help, advice, counselling To and help where families appropriate & individuals legal advice. who have been damaged by groups mentioned above. Giving help, advice, counselling
and where appropriate legal advice.
Catalyst Trustees have regard to the guidance of the Charity Commission on the public benefit . All Catalyst volunteers work unpaid, supporting Catalyst in it's administration, the keeping of accounts, gift aid and do not have any direct contact with clients. All Catalyst volunteers work unpaid, supporting Catalyst in it’s administration, the keeping of accounts, gift aid and do not have any direct contact with clients. Achievement: A certain ammount of work with schools, assisting teachers, with information and advice om developing
Achievement: A certain amount of work with schools, assisting teachers, with information and advice on developing courses for students. Working with the media in producing tv radio & newspaper articles in relationship to the groups that we research & study, during the last 12 months — we have worked with the BEC and other TY & radio stations. Working with the media in producing tv radio & newspaper articles in relationship to the groups that we research & We have assisted several national UK newspapers and have assisted clients & solicitors in a number of legal cases, study, during the last 12 months – we have worked with the BBC and other TV & radio stations. some of which are presently on going through the courts judicial system. We have assisted several national UK newspapers and have assisted clients & solicitors in a number of legal cases, Fach year we receive an average 200 cases for help. some of which are presently on going through the courts judicial system. Voluntary gifts are recelved both as one off single gifts for counselling services and some under the gift ald scheme. Clients counselled give on @ purely voluntary basis, most recelve counselling free of charge and nobody is ever turned Each year we receive on average 200 cases for help. away. Voluntary gifts are received both as one off single gifts for counselling services and some under the gift aid scheme. Clients Finance counselled Review: give The financial on a purely position voluntary of the basis, charity most at the receive end of counselling the peried free is good. of charge As a very and nobody small charity is ever with turned no away. government support - the reserves are what is left at the end of the financial year in the main bank account. Reserves
Finance Review: The financial position of the charity at the end of the period is good. As a very small charity with no
government Trustees" Responsibilities support – the reserves are what is left at the end of the financial year in the main bank account. Reserves depends on the voluntary giving. The Charities Act 27011 requires the trustees to prepare financial statements for each financial year which presents a
Trustees' Responsibilities
The i) Select Charities sultable Act accounting 2011 requires policies the and trustees apply to them prepare consistently financial statements for each financial year which presents a true and fair view of the state of affairs of the Charity and of the surplus of the Charity for that period. In preparing i) Make judgements and estimates that are reasonable and prudent those financial statements the trustees are required to: iii) Prepare financial statements on the going concem basis unless it is inappropriate to presume that the trust will
i) Select suitable accounting policies and apply them consistently ii) Make judgements and estimates that are reasonable and prudent The Trustees ane responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and iii) hence Prepare for taking financial reasonable statements steps on for the the going prevention concern and basis detection unless of fraud it is inappropriate and other irregularities. to presume that the trust will continue in existence.
Tl approve the attached statement of finameal activities and balance sheel for Wie year ended 31 Manch 2024 send The confirm Trustees that I are have responsible made available for keeping all information proper accounting necessary for records, its preparation. which disclose with reasonable accuracy at any time the financial position of the Charity. 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.
I Appruved approve the attached statement Nes of financial : ee activities and balance sheet for the year ended 31 March 2024 and confirm that I have made available all information necessary for its preparation. ly Une Tinustees ont, % oan on Signed on their behalf by Trusteeee
Approved by the Trustees on….....................................
Signed on their behalf by Trustee …..............................
Printed Name:
CATALYST
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Report to the trustees of Catalyst on the accounts for the year ended 31st March 2024.
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:
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examine the accounts under section 145 of the Charities Act,
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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
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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
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zita Derbak Independent Examiners Ltd Unit 2 Sign: The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 22.08.2024
CATALYST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Notes 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 2023/24 2022/23 £ £ £ £ 44,083 - 44,083 47,787 44,083 - 44,083 47,787 40,163 - 40,163 44,853 40,163 - 40,163 44,853 3,920 - 3,920 2,934 - - - - 3,920 - 3,920 2,934 6,175 - 6,175 3,241 10,095 - 10,095 6,175 |
|---|---|
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 11
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).
CATALYST CATALYST
BALANCE BALANCE SHEET SHEET AS AS AT 31 MARCH 2024 AT 31 MARCH 2024
| Assets Tangible Assets Assets Tangible Assets Investment Assets |
Notes 2 Notes 2 6 |
Unrestricted Fund £ - Unrestricted Fund £ . - |
Restricted Fund £ - Restricted Fund E - - |
Total 31-Mar-24 £ - Total 31-Mar-24 £ * - |
Total 31-Mar-23 £ - Total 31-Mar-23 = - . |
|---|---|---|---|---|---|
| Investment Assets Current Assets Total Current Assets Debtors & Prepayments Cash at bank and in hand Current Assets Debtors & Prepayments Cash at bank and in hand Total CurrentAssets Creditors: amounts falling due |
6 8 7 F] 7 9 |
- - - 12,045 12,045 2 12,045 12,045 1,950 |
- - - - - Fe = = * |
- - - 12,045 12,045 ry 12,045 12,045 1,950 |
- - - 7,495 7,495 é 7,495 7,495 1,320 |
| within one year Creditors:amounts falling due within ane year NET CURRENT ASSETS |
9 | 1,950 10,095 |
- - |
1,950 10,095 |
1,320 6,175 |
| NET CURRENT ASSETS TOTALASSETS less current liabilities |
10,095 - 10,095 6,175 a 10,095 = 10,095: 6,175 |
||||
| TOTAL ASSETSless current liabilities Creditors: amounts falling due in |
10 | 10,095 x |
- = |
10,095 - |
6,175 - |
| than one year | |||||
| Creditors:amounts falling due in than one year NET ASSETS NETASSETS FUNDS OF THE CHARITY |
10 | - 10,095 10,095 |
- - . = |
- 10,095 10,095 |
- 6,175 6.175 |
| General Funds | 10,095 | . | 10,095 | 6,175 | |
| FUNDS OF THE CHARITY Restricted funds |
5 | = | is | = | . |
| General Funds Restricted funds TOTALFUNDS |
5 | 10,095 - 10,095 |
- - |
10,095 - 10,095 |
6,175 - 6.175 |
| TOTAL FUNDS | 10,095 | - | 10,095 | 6,175 | |
| Approved by the Trustees on ….................................... 2054 2 Approved by the Trustees oneeA eo a et2. SignedonthelrbehalfbyTrusteeEh 4 Printed Name: = |
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| Signed on their behalf by Trustee ….............................. QULISocN byARP |
Signed on their behalf by Trustee ….............................. | ||||
| Printed Name: |
CATALYST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
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:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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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 2024
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 consistent with the use of the resources, e.g. 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 2023-March 2024.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2024 : None 31st March 2023 : None
This page does not form part of the statutory financial statements
CATALYST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
3. INCOMING RESOURCES
| General Gifts/Donation Donation from CCL & T Ltd Gifts & Donations Gift Aid Tax Refund Donations & Similar Income |
Unrestricted Restricted Total Total Funds Funds 2023/24 2022/23 £ £ £ £ 33,512 - 33,512 35,555 10,128 - 10,128 11,838 204 - 204 154 240 - 240 240 44,083 - 44,083 44,345 |
|---|---|
4. EXPENDITURE
| Legal & Professional Fees Governance costs:- Independent Examiner Fee Charitable Activities Consultancy Fees Bank charges |
Unrestricted Restricted Total Total Funds Funds 2023/24 2022/23 £ £ £ £ 39,400 - 39,400 43,400 120 - 120 120 630 - 630 1,320 13 - 13 13 40,163 - 40,163 44,853 |
|---|---|
The net income and expenditure result for the year dealt with in the subsidiary accounts of Catalyst Counselling Legal and Training Limited was £0 (2022/23: £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
| Bank account-Catalyst Catalyst Counselling L&T Ltd |
Unrestricted Restricted Total Total Funds Funds 31-Mar-24 31-Mar-23 £ £ £ £ 12,029 - 12,029 7,479 16 - 16 16 12,045 - 12,045 7,495 |
|---|---|
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 (22/23 & 23/24) | Unrestricted Restricted Total Total Funds Funds 31-Mar-24 31-Mar-23 £ £ £ £ 1,950 - 1,950 1,320 1,950 - 1,950 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 2024
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