This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2021-03-31-accounts
|
Page |
Page |
| Legal and Administrative Details |
|
1-2 |
| Trustees’ Report |
3 |
- 10 |
| StatementofTrustees’ Responsibilities |
|
ii |
| IndependentAuditors’ Report |
12-14 |
|
| Statement of Financial Activities |
|
15 |
| BalanceSheet |
|
16 |
| Cash flow statement |
|
17 |
| Notesto the Financial Statements |
18-30 |
|
| Trustees: |
Simon Young (Chair ofTrustees) |
|
|
Sisteriane Maitby (Vice Chair ofTrustees) |
|
|
SisterTeresa Lenehan |
|
|
Reverend TerryTennens |
|
|
Sister Henrietta Curran |
|
|
Dr Barn Lynch |
|
|
Sister Lynda Deeriove (Appointed 6/5/2020, Resigned 3/2/2021) |
|
|
Olivia Darby (Appomted 28/10/2020) |
|
|
Marene Sookdeo (Appdnted 28/10/2020) |
|
|
Brother Francis Patterson (Resigned 31/12/2020) |
|
|
Susan Thomas (Resigned 31/12/2020) |
|
|
Luke de Pulford (Resigned 29/1/21) |
|
|
Sister Mary Fitzpatrick (Appointed 5/5/21) |
—Chair ofAudit and Risk Committee |
|
Benedict Ryan (Appointed 5/5/21) |
|
| The charity has no corporate Trustees, None oftheTrustees holds propertyon behalfofthe charity. |
|
|
| The Charity’s professional advisors are as follows:- |
|
|
| Auditors: |
Crowe UK. LLP |
|
|
The Lexicon |
|
|
Mount Street |
|
|
Manchester |
|
|
M2 5NT |
|
| Bankers: |
Barcays Bark PLC |
|
|
31 Higt cow |
|
|
Darlington |
|
|
Co. Durham |
|
|
0L3 7Q5 |
|
| Solicitors: |
Grant Saw Solicitors LIP |
|
|
Ground Floor |
|
|
Wood Wharf Building |
|
|
Horseferry Place |
|
|
Greenwich |
|
|
London |
|
|
SE1O989 |
|
| Charity Number: |
1117830 |
|
| CompanyNumber: |
5965380 |
|
| Registered Office: |
Medaille Trust |
|
|
c/oCaritas Diocese ofSaiford |
|
|
Cathedral Centre |
|
|
3 Ford Street |
|
|
Salford |
|
|
M3 GOP |
|
|
|
|
|
Notes |
|
Restricted |
Unrestricted |
Total |
Total |
|
|
|
|
|
|
Funds |
Funds |
Vearto |
Vearto |
|
|
|
|
|
|
|
|
31 March |
31 March |
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
£ |
€ |
£ |
£ |
| Income |
|
|
|
|
|
|
|
|
|
| Voluntary income |
|
|
|
|
|
473892 |
388,DLS |
861937 |
774,854 |
| Charitable activities |
|
|
|
2 |
|
- |
3,049320 |
3,049,320 |
2,906,298 |
| Investment income |
|
|
|
I |
|
- |
7,476 |
7,476 |
3,808 |
| Othertrading activities |
|
|
|
1 |
|
|
1,035 |
1,035 |
182 |
| Total income |
|
|
|
|
|
473 892 |
3445876 |
3919768 |
3 685 142 |
| Expenditure |
|
|
|
|
|
|
|
|
|
| Raisingfunds |
|
|
|
|
|
- |
87,714 |
87,714 |
94,671 |
| Charitable activities |
|
|
|
|
|
‘67,616 |
3,182324 |
3,649,940 |
3,101,534 |
| Other |
|
|
|
|
|
- |
|
- |
- |
|
|
|
|
|
|
|
- |
|
|
| Total expenditure |
|
|
|
3 |
|
467,616 |
3,270,038 |
3,737,654 |
3,196,205 |
| NetiAconIflgreEourtebeftEtransters. |
|
|
|
|
|
6,276 |
175,838 |
182,114 |
488,937 |
| —___ |
-- |
|
|
|
|
- |
|
|
|
| Transfers |
|
|
|
|
|
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
- |
| Nningresources |
|
— |
;‘- |
- |
* |
6,276 |
175,838 |
182,1a |
488,937 |
|
|
|
_--_____ |
|
|
|
|
|
|
| Funds at 31 March 2D20 |
|
|
|
|
|
82,329 |
1,499,753 |
1,582,082 |
1,093,145 |
| Fundsat31 March 2021 |
|
|
|
|
|
88,605 |
1,675,591 |
1,764,196 |
1,582,082 |
|
|
|
|
|
|
|
|
|
|
2021 |
2021 |
|
|
|
2020 |
|
|
|
|
|
|
|
|
Notes |
€ |
|
|
£ |
|
£ |
|
| Fixed assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
|
|
|
|
6 |
|
|
457,604 |
|
|
|
162,247 |
| Current assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debtors |
|
|
|
|
|
|
|
7 |
525,279 |
|
|
|
|
358,549 |
|
| Cash at bank and |
|
in |
|
hand |
|
|
|
|
1,054,372 |
|
|
|
|
1,304,077 |
|
| Total current assets |
|
|
|
|
|
- |
-- |
—
- |
1,579,651 |
|
|
|
- |
1,662,626 |
|
| Creditors; amounts |
|
|
|
failing |
|
due within one year |
|
S |
(273,059) |
|
|
|
|
(242,791) |
|
| Net currentassets |
|
|
|
- |
- |
— |
|
- |
- |
|
1,306,592 |
|
|
- |
1,419,835 |
|
|
-- |
|
|
|
,___L,_ |
|
.jA_--_.- |
|
|
|
|
|
|
- |
| Netassets |
- |
|
|
|
|
|
|
|
- |
— |
1754,i96 |
|
|
;*r1,582,082 |
|
|
|
|
|
|
|
|
|
|
|
|
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—- |
| Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unrestrictedfunds— |
|
|
|
|
general |
|
|
9 |
297,987 |
|
|
|
|
17,573 |
|
| ‘Jnrestricted f-rids |
|
|
— |
|
designated |
|
|
9 |
1:377,604 |
|
|
|
|
1,482,120 |
|
| Restricted funds |
|
|
|
|
|
|
|
10 |
82,605 |
|
|
|
|
82,329 |
|
| Total funds |
|
|
|
|
|
|
|
|
|
|
1,764,196 |
|
|
|
1,582,082 |
|
2021 |
2020 |
|
£ |
|
| Cash flows from operating activities |
|
354,497 |
| Net cash provided by operatingactivities |
65,599 |
354,4S7 |
| Purchase otxed assets |
(315,604) |
(73,300) |
| Net cash provided by investingactivites |
(315,604) |
(73.300) |
| Change in cash and cash equivalents in the year |
(249,705) |
281,197 |
| Cash and cash equivalentsatthe beginning ofthe |
|
|
| year |
1,304,Q77 |
1.022,820 |
| Cash and cash equivalentsat the end ofthe year. |
|
|
| NET CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
2021 |
2020 |
|
£ |
|
| Net incoming resources |
182,114 |
428,937 |
| Depreciation oftangible fixedassets |
20,247 |
14,120 |
| Increase in debtors |
(166,730) |
(206,737) |
| increase in creditors |
QL2 |
58,177 |
| Netcash provided by operatingactivities |
|
|
| ANALVSIS OF CASH AND CASH EQUIVALENTS |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Cash at bank and in hand |
J,Q5L322 |
1,304.077 |
a.
Volu |
ntary income 2021 |
|
|
|
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
2021 |
2021 |
2021 |
2020 |
| Voluntary income |
|
£ |
£ |
£ |
£ |
| Donations and gifts |
|
47,535 |
285,739 |
333,274 |
318,358 |
| Grants |
|
- |
102306 |
102306 |
119,099 |
| Donation |
— provision ofrent free premises |
426,357 |
- |
426.357 |
337,397 |
|
|
473,892 |
388.045 |
861,937 |
fl4,854 |
ingle room rate of housing benefit in th
Investment income |
e location concerned th |
at the trust |
would otherwise |
have to rent, |
|
| Interest receivable |
|
- |
7,476 |
7,476 |
3,808 |
|
-- |
- |
7,476 |
7,476 |
3,808 |
| Othertrading income |
|
|
|
|
|
| Income from craftsales |
|
- |
1,035 |
1,035 |
182 |
| Incomefrom craftsales |
|
- |
1,035 |
1,035 |
182 |
|
|
Restricted |
Unrestricted |
Total |
|
|
Funds |
Funds |
Funds |
|
|
2020 |
2020 |
2020 |
| Voluntary |
income |
£ |
£ |
£ |
| Donations |
and gifts |
10376 |
307,982 |
318,358 |
| Grants |
|
119,099 |
- |
119,099 |
| Donation— |
provision of rent free premises |
337,397 |
. |
337,397 |
|
|
466,872 |
307,982 |
774,854 |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
£ |
£ |
| Provision |
of |
practical |
and |
emotional |
support |
3,049,320 |
2,906,298 |
| Total |
|
|
|
|
|
3,049.320 |
2,906,298 |
|
Activities |
|
|
|
|
|
undertaken |
Support |
Governance |
|
|
|
directly |
costs |
costs |
2021 |
2020 |
|
|
|
|
Total |
Total |
|
£ |
£ |
€ |
£ |
£ |
| Raisingfunds |
87,714 |
- |
. |
87,714 |
94,671 |
| Charitableactivities |
|
|
|
|
|
| Provisiorj of practical and emotional support |
3,490,6Th |
135.526 |
23,741 |
3,649940 |
3,101,534 |
|
3,578,387 |
135,526 |
23,741 |
3,737,654 |
3,196,205 |
|
Activites |
|
|
|
|
undertaken |
Support |
Governance |
|
|
directly |
costs |
costs |
2020 |
|
|
|
|
Total |
|
£ |
£ |
£ |
£ |
| Raisingfunds |
94,617 |
- |
- |
94.617 |
| Charitableactivities |
|
|
|
|
| Provision ofpractical and emotional support |
2,958,525 |
122,954 |
20,055 |
3,101,534 |
|
3,053,196 |
122,954 |
20,055 |
3,196,205 |
|
2021 |
2020 |
|
£ |
£ |
| Wages and Salaries |
1,526,646 |
1,458830 |
| SocialSecurity Costs |
117,592 |
109,803 |
| Other Pension costs |
27,279 |
26,619 |
|
1,611,517 |
1595,252 |
|
|
2021 |
2020 |
| Analysis was: |
- |
|
|
| Management |
|
13 |
12 |
| Support workers |
|
73 |
78 |
|
|
|
Land & |
|
Fixtures, |
fittings |
Total |
|
|
|
|
|
Buildings |
|
and equipment |
|
|
|
|
|
|
|
£ |
|
|
£ |
E |
|
|
|
Cost |
|
|
|
|
|
|
|
|
|
At 1 April2020 |
|
167,309 |
|
|
38,859 |
206,168 |
|
|
|
Additions |
|
239,500 |
|
|
16,104 |
315,604 |
|
|
|
Disposals |
|
- |
|
|
- |
- |
|
|
|
At 31 March 2021 |
|
466809 |
|
|
54.963 |
521,772 |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
|
At 1 April2020 |
|
37,111 |
|
|
6,810 |
43,921 |
|
|
|
Charge fortheyear |
|
16227 |
|
|
4,020 |
20,247 |
|
|
|
Disposals |
|
- |
|
|
|
- |
|
|
|
At31 March 2021 |
|
53,338 |
|
|
10,830 |
64,168 |
|
|
|
e: book value |
|
|
|
|
|
|
|
|
|
At 31 March 2021 |
|
413,471 |
|
|
44,133 |
457,604 |
|
|
|
At31 March 2020 |
-• |
130,198 |
|
|
32 |
162,247 |
|
|
|
|
|
|
— |
|
|
|
|
|
| All fixed assets are held for charitable use. |
|
|
|
|
|
|
|
|
|
| 7 |
Debtors |
|
S |
|
:te |
‘:tiJ |
|
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
|
|
£ |
£ |
|
Trade debtors |
|
|
|
|
|
|
511,713 |
322.266 |
|
Prepayments and accrued income |
|
|
|
•- |
r ri-v |
|
13,566 |
36,283 |
|
|
|
|
|
|
|
|
525,279 |
358,549 |
|
2021 |
2020 |
|
£ |
£ |
| Trade creditors |
113,183 |
56,501 |
| Deferred Income and accruals |
120331 |
159,528 |
| Social Security and othertaxes |
38,709 |
25,762 |
| Other creditors |
836 |
1,000 |
|
273,059 |
242,791 |
a.
UnrestrictedFunds 2021 |
|
|
|
|
|
|
1 April |
|
|
|
31 March |
|
2020 |
Incoming |
Outgoing |
Transfer |
2021 |
|
£ |
€ |
£ |
£ |
£ |
| Unrestricted Funds - General |
17,573 |
3,130,272 |
(2,720,557) |
(129301) |
297,987 |
| Designated funds: |
|
|
|
|
|
| Minimum Reserves |
500,000 |
- |
- |
- |
500,000 |
| Health and Safety Reserves |
303,000 |
- |
(215,882) |
115,882 |
200,030 |
| Tangible fixed asset |
132,180 |
315,604 |
(20,180) |
- |
427,604 |
| depreciation reserve |
|
|
|
|
|
| Capital proiects |
- |
- |
- |
200,000 |
200,030 |
| House Purchase |
500,000 |
- |
(313,419) |
(185,531) |
- |
| Albanian Liaison |
50,000 |
- |
- |
- |
50,030 |
| Accumulated Ftmd |
1,499,753 |
3,445,876 |
(3,270,038) |
- |
1,675,591 |
b.
Unrestricted |
Funds 2020 |
|
|
|
|
|
|
|
1 April |
|
|
|
31 March |
|
|
2019 |
incoming |
Outgoing |
Transfer |
2020 |
|
|
£ |
£ |
£ |
£ |
£ |
| Urrestricted Funds |
- Gener& |
43,443 |
3218270 |
(2,719,309) |
(524831) |
17,573 |
| Designated funds: |
|
|
|
|
|
|
| Minimum Reserves |
|
450,000 |
- |
- |
50,000 |
500,000 |
| Health andSafety Reser.es |
|
50.000 |
- |
(50,000) |
300,000 |
300,000 |
| Tangible fxed asset |
|
73,000 |
- |
(12,651) |
71,831 |
132,180 |
| depreciation reserve |
|
|
|
|
|
|
| House Purchase |
|
397,000 |
- |
- |
103,000 |
S00,000 |
| Albanian Liaison |
|
50,000 |
- |
- |
- |
50,000 |
| Accumulated Fund |
|
1,063,443 |
3,218,270 |
(2,781,960) |
- |
1,499,753 |
a.
Restric |
ted Funds 2021 |
|
|
|
|
|
|
|
1 April |
|
|
|
31 |
|
|
2020 |
IncomIng |
Outgoing |
Transfers |
March |
|
|
€ |
£ |
€ |
£ |
2021 |
|
|
|
|
|
|
£ |
| Nationwde Central |
|
2,907 |
- |
(1,539) |
- |
1,368 |
| Chris: Child Jesus |
|
8,642 |
- |
(8642) |
- |
- |
| Zahn |
|
- |
14,000 |
- |
- |
14,OCD |
| Sisters of the |
Holy Cross |
- |
10,000 |
- |
- |
10,000 |
| ClewerTrust |
|
13,305 |
- |
(1,603) |
- |
11,702 |
| StAnthony’s |
— Mersey |
20,000 |
- |
- |
- |
20,000 |
| SrAnthony’s |
— Church Hill Rd |
8,000 |
- |
- |
- |
8,000 |
| Charles Rater |
|
29,475 |
23,535 |
(29,475) |
|
23,535 |
| Provision ofrentfree premises |
|
- |
426,35? |
(426,357) |
|
|
| Accumulated |
Fund |
82,329 |
473,892 |
(467,616) |
- |
88,685 |
|
|
|
|
|
1 April |
|
|
|
31 March |
|
|
|
|
|
2019 |
IncOming |
Outgoing |
Transfers |
2020 |
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
| Nationwide Central |
|
|
|
|
. |
5000 |
(2,093) |
- |
2,907 |
| Christ Child Jesus |
|
|
|
|
- |
24,000 |
(15,358) |
- |
8,642 |
| JohnSlater |
|
|
|
|
|
5,000 |
(5,000) |
- |
|
| Sisters ofthe |
|
Holy |
Cross |
|
- |
13,000 |
(13,000) |
- |
- |
| ClewerTrust |
|
|
|
|
- |
25,000 |
(11,695) |
- |
13,305 |
| Charles Plater |
|
|
|
|
. |
29,475 |
. |
. |
29,475 |
| StAnthon/s |
- Mersey |
|
|
|
. |
20,000 |
- |
. |
20,000 |
St
Anthony’s |
|
— |
Church |
Hill |
. |
8,000 |
. |
- |
8,000 |
| Road |
|
|
|
|
|
|
|
|
|
| Provision ofrer.tfree premises |
|
|
|
|
- |
337,397 |
(337,397) |
. |
- |
| Jesuits |
|
|
|
|
29,702 |
- |
(29,702) |
. |
- |
| Accumulated |
Fund |
|
|
|
29,702 |
466,872 |
(414,245) |
- |
82,329 |
|
Restricted |
Designated |
Unrestricted |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
£ |
6 |
£ |
£ |
| Tangible Fixed Assets |
- |
427,604 |
30,000 |
457,604 |
| Net Current Assets |
83,605 |
950,000 |
267,987 |
1,306,592 |
| Total Net Assets |
88,605 |
1,371,604 |
297,987 |
1,754,196 |
|
Restricted |
Designated |
Unrestricted |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
£ |
C |
|
£ |
| Tangible FixedAssets |
- |
104,286 |
30,067 |
162,247 |
| Net Current Assets |
82,329 |
1,350,000 |
(47,640) |
1,419,835 |
| Total Net Assets |
32,329 |
1,454,286 |
17.573 |
1,582,082 |
|
|
2021 |
2020 |
| Duewithin: |
|
£ |
£ |
| lyear |
|
|
|
| Total |
|
|
|
| 13. |
FinancialInstruments |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Financial Assets measured at amortised cost |
|
|
162.626 |
| Financial Uabiiities measured at amortised cost |
|
|
|
6.
Comparative Figu |
res by Fund Type 2020 |
res by Fund Type 2020 |
|
|
|
|
|
|
|
Notes |
|
|
|
Restricted |
Unrestricted |
|
Total |
|
|
|
|
|
Funds |
|
Funds |
Yearto |
|
|
|
|
|
|
|
|
31 March |
|
|
|
|
|
|
|
|
2020 |
|
|
|
|
|
£ |
|
£ |
£ |
| Income |
|
|
|
|
|
|
|
|
| Donations and legacIes |
1 |
|
|
|
466,872 |
|
307,982 |
774,854 |
| Charitable activities |
2 |
|
|
|
- |
|
2,906,298 |
2,906,298 |
| Investment income |
1 |
|
|
|
- |
|
3,808 |
3,808 |
| Othertrading activities |
1 |
|
|
|
- |
|
182 |
182 |
| Expendfture |
|
|
|
|
|
|
|
|
| aisingfjn |
|
|
|
|
- |
|
94,671 |
94.671 |
| Charitable activities |
|
|
|
|
414245 |
|
2,687,289 |
3,101,534 |
| Other |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
- |
| Total expenditure |
3 |
|
|
|
.124245 |
|
2,781,960 |
3,196,205 |
| Net incomingresources |
beforetransj% |
|
|
- |
r5U27 |
|
- 436,310 |
488,937 |
|
|
-- |
|
|
|
|
|
|
| Transfers |
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
- |
| Net incomingresources |
W |
- |
- |
|
52,6i7 |
- |
43fl10 |
488,937 |
| Funds at 31 March 7019 |
|
|
|
|
29,702 |
|
1Coz,443 |
1,093,145 |
| Funds at 31March 2020 |
|
|
|
|
82,329 |
|
1,499,753 |
1,582,082 |