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2021-03-31-accounts
| Conteits |
|
|
| TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS |
1 |
|
| LegaL and administrative information |
|
1 |
| Trustees’ Annual Report and Strategic Report |
3 |
|
| WeLcome |
|
3 |
| Introduction |
|
5 |
| Our Caritas Vision, Mission and Values |
|
7 |
| Our work and impact |
8 |
|
| Supporting children, young adults and families |
|
8 |
| Supporting the vulnerable, reaching out to isolated communities |
|
11 |
| CathoLic Social Teaching, advocacy and engagement |
|
20 |
| Fundraising and Communications |
|
21 |
| Thank you |
|
22 |
| FinanciaL Results for the year |
23 |
|
| Designated Funds and Reserves |
|
23 |
| Going Concern |
|
24 |
| Investment policy |
|
24 |
| Governance and management |
25 |
|
| Governance |
|
25 |
| Structure |
|
25 |
| Management |
|
25 |
| Public Benefit Statement |
|
26 |
| Related Parties |
|
26 |
| Pay Policy for Senior Staff |
|
27 |
| Safeguarding |
|
27 |
| Concern for the Environment |
|
27 |
| Living Wage |
|
21 |
| Fundraising ReguLation and Data Protection |
|
27 |
| Risk Management |
|
28 |
| Key Operational and Financial Risks |
|
29 |
| Financial Risk Management Objectives and PoLicies |
|
29 |
| Ethical Investment Policy |
|
29 |
| Statement of Trustees’ Responsibilities |
|
30 |
| The Trustees Appreciation |
|
30 |
| Provision of Information to Auditors |
|
30 |
| Auditors |
|
31 |
| Caritas Diocese of Salford |
|
|
| Trustees’ Annual Report and Strategic Report for year ended J1 March 2021 |
|
|
| Approva[ |
|
31 |
| Independent Auditor’s Report to the Members of Caritas Diocese of Satford |
32 |
|
| Opinion |
|
32 |
| CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES |
36 |
|
| CHARITY STATEMENT OF FINANCIAL ACTIVITIES |
37 |
|
| CONSOLIDATED BALANCE SHEET |
38 |
|
| CHARITY BALANCE SHEET |
40 |
|
| CONSOLIDATED CASH FLOW STATEMENT |
42 |
|
| ANALYSIS OF CASH AND CASH EQUIVALENTS |
43 |
|
| NOTES TO THE FINANCIAL STATEMENTS |
44 |
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| INCOME |
|
|
|
|
|
| Donations and Legacies |
2 |
230,857 |
238,860 |
469,717 |
699,255 |
| Other trading activities |
3 |
600 |
17,730 |
18,330 |
40,048 |
| Investment income |
4 |
- |
126,628 |
126,628 |
121,819 |
| Charitable activities |
5 |
1,141,395 |
1,217,974 |
2,359,369 |
2,503,037 |
| TOTAL INCOME |
|
1,372,852 |
1,601,192 |
2,974,044 |
3,364,159 |
| EXPENDITURE |
|
|
|
|
|
| Raising funds |
7 |
- |
104,260 |
104,260 |
117,733 |
| Charitable activities |
6 |
1,370,184 |
1,545,467 |
2,915,651 |
3,359,418 |
| TOTAL EXPENDITURE |
|
1,370,184 |
1,649,727 |
3,019,911 |
3,477,151 |
| Netgainsoninvestments |
11 |
- |
310,313 |
310,313 |
769,212 |
| NET INCOME/(EXPENDITURE) |
|
2,668 |
261,778 |
264,446 |
656,220 |
| Transfers |
|
49,191 |
(49,191) |
|
|
| NET INCOME BEFORE OTHER |
|
|
|
|
|
| RECOGNISED GAINS / (LOSSES) |
|
51,859 |
212,587 |
264,446 |
656,220 |
| Actuarial gains/(losses) on defined |
|
|
|
|
|
| benefit pension schemes |
18 |
- |
50,000 |
50,000 |
(385,000) |
| NET MOVEMENT IN FUNDS |
|
51,859 |
262,587 |
314,446 |
271,220 |
| FUND BALANCES AT 1 APRIL 2020 |
|
460,552 |
7,033,681 |
7,494,233 |
7,223,013 |
| FUND BALANCES AT 31 MARCH 2021 |
14 |
512,4jj. |
7,296,268 |
7,808,679 |
L494,fl3 |
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| INCOME |
|
|
|
|
|
| Donations and legacies |
2 |
230,857 |
239,840 |
470,697 |
707,615 |
| Other trading activities |
3 |
600 |
4,615 |
5,215 |
12.253 |
| Investment income |
4 |
- |
126,628 |
126,628 |
121.819 |
| Charitable activities |
5 |
1,141,395 |
1,217,974 |
2,359,369 |
2,503.037 |
| TOTAL INCOME |
|
1,372,852 |
1.589.057 |
2,961,909 |
3,344,744 |
| EXPENDITURE |
|
|
|
|
|
| Raising funds |
7 |
- |
92,681 |
92,681 |
98,317 |
| Charitable activities |
6 |
1370,184 |
1,545,467 |
2,915j |
3,359,418 |
| TOTAL EXPENDITURE |
|
1,370,184 |
1,638,148 |
3,008,332 |
3.457,735 |
| Net gains on investments |
11 |
- |
310,313 |
310,313 |
769212 |
| NET INCOME! (EXPENDITURE) |
|
2,668 |
261,222 |
263,890 |
656,221 |
| Transfers |
|
49,191 |
(49,191) |
|
|
| NET INCOME BEFORE OTHER RECOGNISED |
|
|
|
|
|
| GAINS / (LOSSES) |
|
51,859 |
212,031 |
263,890 |
656,221 |
| Actuarial gains/(losses) on defined benefit |
|
|
|
|
|
| pension schemes |
18 |
- |
50,000 |
5OtQQQ |
(385,000) |
| NET MOVEMENT IN FUNDS |
|
51,859 |
262,031 |
313,890 |
271,221 |
| FUND BALANCES AT 1 APRIL 2020 |
|
460,552 |
7,017,062 |
7,477,614 |
7,206.393 |
| FUND BALANCES AT 31 MARCH 2021 |
14 |
512.411. |
7,279.093 |
L791,504 |
7.477]614 |
|
|
|
2021 |
2020 |
|
|
Note |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible fixed assets |
10 |
2,728,656 |
|
2808,820 |
|
| Investments |
11 |
5,541,381 |
|
5,226,748 |
|
|
|
|
8,270,037 |
|
8,035,568 |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors |
12 |
359,392 |
|
284,648 |
|
| Stock |
|
10,070 |
|
13,127 |
|
| Cash at bank |
|
914,435 |
|
1,035,080 |
|
|
|
1,283,897 |
|
1,332,855 |
|
| CREDITORS: amounts fatling due within one |
|
|
|
|
|
| year |
13 |
(210,255) |
|
(333,190) |
|
| CURRENT ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
|
1,073,642 |
|
999,665 |
| Defined benefit pension liabiLity |
18 |
|
(1,535,000) |
|
(1,541,000) |
| NET ASSETS |
|
|
7808,679 |
|
7,494,233 |
| CONSOLIDATED FUNDS |
|
|
|
|
|
| Restricted Funds |
14 |
|
512,411 |
|
460,552 |
Unrestricted
- Designated Funds |
14 |
|
6,159,776 |
|
5,998,448 |
| Unrestricted- GeneraL Funds |
14 |
|
1,136,492 |
|
1,035,233 |
|
|
|
7.808,679 |
|
7.494.233 |
|
|
|
|
2021 |
2020 |
|
|
|
Note |
£ |
£ |
C |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible fixed assets |
|
10 |
2,728,656 |
|
2,808,820 |
|
| Investments |
|
11 |
5,541,382 |
|
5,226,749 |
|
|
|
|
|
8,270,038 |
|
8,035,569 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
|
12 |
358,436 |
|
284,151 |
|
| Stock |
|
|
|
9,572 |
12,629 |
|
| Cash at bank |
|
|
911,364 |
|
1,032,009 |
|
|
|
|
1,279,372 |
|
1,328,789 |
|
| CREDITORS: |
amounts fatting due within one |
|
|
|
|
|
| year |
|
13 |
(222,906) |
|
(345,744) |
|
| CURRENT ASSETS LESS CURRENT |
|
|
|
|
|
|
| LIABILITIES |
|
|
|
1,056,466 |
|
983,045 |
| Defined benefit pension liability |
|
18 |
|
(1,535,000) |
|
(1,541,000) |
| NETASSETS |
|
|
|
7,791.504 |
|
7,477,614 |
| CHARITY FUNDS |
|
|
|
|
|
|
| Restricted Funds |
|
14 |
|
512,411 |
|
460,552 |
| Unrestricted |
- Designated Funds |
14 |
|
6,159,776 |
|
5,998,448 |
| Unrestricted |
- GeneraL Funds |
14 |
|
1,119,317 |
|
1,018,614 |
|
|
|
|
7,791.504 |
|
7.477.614 |
|
2021 |
2020 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net cash provided by operating activities |
(120,645) |
(199577) |
| Cash flows from investing activities |
|
|
| Purchase of property plant and equipment |
|
(27462) |
| Net cash provided by investing activities |
|
(27,462) |
| Change in cash and cash equivalent in the reporting period |
(120,645) |
(227,039) |
| Cash and cash equivalent at beginning of the period |
1,035,080 |
1,262,119 |
| Cash and cash equivatent at end of the period |
214,435 |
1,035,080 |
| NET CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Net income |
264,446 |
656,220 |
| Unrealised gain on investments |
(310,313) |
(769,212) |
| Depreciation of tangibLe fixed assets |
80,167 |
79,718 |
| Increase in debtors |
(74,744) |
(55,873) |
| Decrease in creditors |
(122,935) |
(151,721) |
| Decrease in stock |
3,057 |
3,291 |
| Defined benefit pension scheme cost less contributions payable |
(19,323) |
11,000 |
| Defined benefit pension scheme finance cost |
59,000 |
27,000 |
| NET CASH OUTFLOW FROM OPERATING ACTIVITIES |
1120,645) |
(1995771 |
| ANALYSIS OF CASH AND CASH EQUIVALENTS |
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
£ |
£ |
| Cash in hand |
|
|
|
914,435 |
1.035,080 |
| RECONCILIATION OF NET DEBT |
At |
1 |
April |
Cash flow |
At 31 |
|
|
|
2020 |
|
March |
|
|
|
|
|
2021 |
|
|
|
|
£ |
£ |
|
|
|
£ |
|
|
| Cash at hand and in bank |
1,035,080 |
|
|
{jjQ645j |
914.435 |
| Motor vehicles |
- |
20% |
straight Line |
| Equipment and tenants |
- |
20% |
straight Line |
| improvements |
|
|
|
| Freehold buildings |
- |
2% |
straight Line |
|
Restricted |
Unrestricted |
Total |
| Group |
Funds |
Funds |
Funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Donations |
197,172 |
98,254 |
295,426 |
| Legacies |
- |
50,000 |
50,000 |
| Appeals and collections |
|
|
|
| Caritas Sunday and AnnuaL Appea |
12,905 |
28,623 |
41,528 |
| Lent Appeal |
- |
20,393 |
20,393 |
| St Joseph’s Penny Collection |
- |
13,638 |
13,638 |
| Night Provision |
- |
5,616 |
5,616 |
| Other events |
20,780 |
22,336 |
43.116 |
|
230,857 |
238.860 |
469jj7 |
|
Restricted |
Unrestricted |
Total |
| Charity |
Funds |
Funds |
Funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Donations |
197,172 |
98,254 |
295,426 |
| Legacies |
- |
50,000 |
50,000 |
| Gift aid from trading subsidiary |
- |
980 |
980 |
| Appeals and collections |
|
|
|
| Caritas Sunday and AnnuaL Appe& |
12,905 |
28,623 |
41,528 |
| Lent AppeaL |
- |
20,393 |
20,393 |
| St Joseph’s Penny Collection |
- |
13,638 |
13,638 |
| Night Provision |
- |
5,616 |
5,616 |
| Other events |
20,780 |
22,336 |
43,116 |
|
230.857 |
239.840 |
470,697 |
|
Restricted |
Unrestricted |
Total |
| Group |
Funds |
Funds |
Funds |
|
2070 |
2020 |
2020 |
|
£ |
£ |
£ |
| Donations |
401,558 |
50,274 |
451,832 |
| Legacies |
- |
77,462 |
77,462 |
| Appeals and collections |
|
|
|
| Caritas Sunday and Annual Appeal |
|
28,961 |
28,961 |
| St Joseph’s Penny Collection |
- |
71,927 |
71,927 |
| Night Provision |
56,536 |
- |
56,536 |
| Other events |
7,695 |
4,842 |
12,537 |
|
465,789 |
233.466 |
699.255 |
|
Restricted |
Unrestricted |
Total |
| Charity |
Funds |
Funds |
Funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Donations |
401,558 |
50.274 |
451,832 |
| Legacies |
- |
77.462 |
77,462 |
| Gift aid from trading subsidiary |
- |
8,380 |
8,380 |
| Appeals and collections |
|
|
|
| Caritas Sunday and Annual Appeal |
- |
28,961 |
28961 |
| St Joseph’s Penny Collection |
- |
71,927 |
71,927 |
| Night Provision |
56,536 |
|
56,536 |
| Other events |
|
4,842 |
12537 |
|
465,789 |
ZkLM6 |
707.635 |
| 3. |
OTHER TRADING ACTIVITIES |
Restricted |
unrestricted |
Total |
|
|
|
Funds |
Funds |
Funds |
|
| Group |
|
2021 |
2021 |
|
2021 |
|
|
£ |
£ |
|
£ |
| Trading |
activities |
|
|
|
|
|
booksates |
600 |
4,615 |
|
5,215 |
| - |
charityshops |
- |
13,115 |
|
13,115 |
|
|
600 |
17,730 |
|
18,330 |
|
OTHER TRADING ACTIVITIES |
Restricted |
Unrestricted |
Total |
|
|
|
Funds |
Funds |
Funds |
|
| Charity |
|
2021 |
2021 |
2021 |
|
|
|
£ |
£ |
£ |
|
| Trading |
activities |
|
|
|
|
| - |
book sales |
600 |
4,615 |
|
5,215 |
|
|
600 |
4,615 |
|
5,215 |
|
|
CARITAS DIOCESE OF SALFORD |
CARITAS DIOCESE OF SALFORD |
|
|
|
OTHER TRADING |
ACTIVITIES |
Restricted |
Unrestricted |
Totai |
|
|
|
Funds |
Funds |
Funds |
| Group |
|
|
2020 |
2020 |
2020 |
|
|
|
£ |
£ |
£ |
| Trading |
activities |
|
|
|
|
| - |
book sates |
|
|
12,253 |
12,253 |
| - |
charity shops |
|
|
27,795 |
27,795 |
|
|
|
- |
40,048 |
40,048 |
|
OTHER TRADING |
ACTIVITIES |
Restricted |
Unrestricted |
Total |
|
|
|
Funds |
Funds |
Funds |
| Charity |
|
|
2020 |
2020 |
2020 |
|
|
|
C |
£ |
£ |
| Trading |
activities |
|
|
|
|
|
book saLes |
|
- |
12,253 |
12,253 |
|
|
|
- |
12,253 |
12,253 |
|
|
Restricted |
Unrestricted |
Total |
| 4. |
INVESTMENT INCOME |
Funds |
Funds |
Funds |
|
Group and Charity |
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
|
Dividend income |
|
41,327 |
41,327 |
|
Bank interest |
|
1,069 |
1,069 |
|
Rents receivable from investment |
|
|
|
|
properties |
|
84,232 |
84,232 |
|
|
- |
1 26,628 |
1 26,628 |
|
|
Restricted |
Unrestricted |
Total |
| 4. |
INVESTMENT INCOME |
Funds |
Funds |
Funds |
|
Group and Charity |
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
|
Dividend income |
. |
45,473 |
45,473 |
|
Bank interest |
- |
2,536 |
2.536 |
|
Rents receivabLe from investment |
|
|
|
|
properties |
|
73,810 |
73,810 |
|
|
- |
121,819 |
121,819 |
|
Grant |
Contract |
Other |
|
Total |
|
income |
Income |
income |
Rent |
funds |
| Group and Charity |
2021 |
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Social work |
42,397 |
633,579 |
171,448 |
314,890 |
1,162,314 |
| Community Services |
1,116,946 |
- |
- |
80,109 |
1,197,055 |
|
1,159,343 |
633,579 |
171,448 |
394,999 |
2,359,369 |
|
Grant |
Contract |
Other |
|
TotaL |
|
income |
Income |
incqme |
Rent |
funds |
| Group and Charity |
2020 |
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Social work |
780,849 |
55,040 |
482,027 |
313,233 |
1,631,149 |
| Community Services |
- |
733,027 |
- |
138,861 |
871,888 |
|
780,849 |
788,067 |
482,027 |
452,094 |
2,503,037 |
|
undertaken |
Support |
|
|
directly |
costs |
Totat |
| Group and Charity |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Charitable activities |
|
|
|
| SociaL work |
1,000,916 |
347,610 |
1,348,526 |
| Community Services |
1,164,961 |
395,356 |
1,560.317 |
|
2,165.877 |
742.966 |
2,915,651 |
|
2021 |
|
£ |
| Support costs |
|
| Salary costs |
479,490 |
| Training and recruitment |
2,592 |
| Travelling expenses |
3,738 |
| Repairs and maintenance |
7,770 |
| Office service charge |
52,366 |
| Insurance |
15,371 |
| Telephone |
8,477 |
| Household expenses |
4,277 |
| Printing, postage and stationery |
5,183 |
| IT support |
10,835 |
| ProfessionaL fees |
31,406 |
| Bank charges and interest |
2,684 |
| Books and subscriptions |
8,976 |
| Depreciation |
62,676 |
| Miscellaneous costs |
13,848 |
|
709,689 |
| Governance costs |
|
| Wages and salaries |
50,676 |
| Professional fees |
17,748 |
|
778,113 |
|
Activities |
|
|
|
undertaken |
SLipport |
|
|
directLy |
costs |
ToaI |
| Group and Charity |
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Charitable activities |
|
|
|
| SociaL work |
1,409,140 |
375673 |
1,784,813 |
| Comrnunfty Services |
1,243,177 |
331.423 |
1,574,605 |
|
2,652317 |
707.101 |
3.359.418 |
|
2020 |
|
£ |
| Support costs |
451,539 |
| SaLary costs |
3,986 |
| Training and recruitment |
9,147 |
| Travel(ing expenses |
59,544 |
| Repairs and maintenance |
3,316 |
| Office service charge |
13,328 |
| Insurance |
10,272 |
| Telephone |
4,233 |
| HousehoLd expenses |
8,825 |
| Printing, postage and stationery |
11,359 |
| IT support |
6,410 |
| Professional fees |
2,616 |
| Bank charges and interest |
8,130 |
| Books and subscriptions |
56,676 |
| Depreciation |
894 |
| Miscellaneous costs |
|
| Profit on disposal of fixed assets |
|
|
650,275 |
| Governance costs |
60,162 |
| Wages and salaries |
17.358 |
| Professional fees |
|
|
727,795 |
|
|
Direct |
|
|
|
|
fundraising |
Support |
Total |
|
|
costs |
costs |
Funds |
| Group |
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Appeals and collections |
|
|
|
|
| Trading activities |
- charity shops |
11,579 |
- |
11,579 |
| Fundraising and communications |
|
53,924 |
35,147 |
89,071 |
| Expenditure on rental properties |
|
3,610 |
|
3,610 |
|
|
69.113 |
|
104.260 |
|
|
Direct |
|
|
|
|
fundraising |
Support |
Total |
|
|
costs |
costs |
Funds |
| Charity |
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Appeals and collections |
|
|
|
|
| Fundraising and communications |
|
53,924 |
35,147 |
89,071 |
| Expenditure on rentaL properties |
|
3,610 |
- |
3,610 |
|
|
|
35,147 |
92.681 |
|
|
Direct |
|
|
|
|
fundraising |
Support |
Total |
|
|
costs |
costs |
Funds |
| Group |
|
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
| Appeals and collections |
|
|
|
|
| Trading activities |
- charity shops |
19,416 |
- |
19,416 |
| Ftindraising and communications |
|
65,304 |
17,410 |
82,714 |
| Expenditure on rental properties |
|
12,319 |
3,284 |
15,603 |
|
|
9L039 |
20,694 |
117,733 |
|
|
Direct |
|
|
|
|
fundraising |
Support |
TotaL |
|
|
costs |
costs |
Funds |
| Charity |
|
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
| Appeals and collections |
|
|
|
|
| Fundraising and communications |
|
65,304 |
17,410 |
82,714 |
| Expenditure on rental properties |
|
12.319 |
3,284 |
|
|
|
77,j |
20,694 |
98,317 |
| 8. |
NET INCOME |
NET INCOME |
|
|
|
|
This is stated after charging: |
|
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
£ |
|
£ |
|
Depreciation of tangible fixed assets: |
|
|
|
|
|
- owned by the |
charity |
80,167 |
|
79718 |
|
Auditors remuneration |
- audit fees |
13,800 |
|
13,560 |
|
Auditors remuneration |
- non-audit fees |
3,948 |
|
3,798 |
|
Staff pension contributions |
|
73,538 |
|
118,418 |
|
During the year, no Members of the CounciL received any remuneration, benefits or |
|
|
reimbursement of |
|
|
expenses. (2020
- £NIL). |
|
|
|
|
| 9. |
STAFF COSTS, STAFF |
NUMBERS AND THE COST OF KEY MANAGEMENT PERSONNEL |
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
|
£ |
£ |
|
Staff costs were as follows: |
|
|
|
|
|
Wages and salaries |
|
1,973,195 |
|
2,216,733 |
|
SociaL security costs |
|
151,523 |
|
172,724 |
|
Other pension costs |
|
73,538 |
|
118,418 |
|
|
|
|
|
2.507,875 |
|
|
|
2021 |
2020 |
|
|
|
No |
No |
| £60,001 |
- |
£70,000 |
1 |
|
| £70,001 |
- |
£80,000 |
- |
1 |
|
2021 |
2020 |
|
No. |
No. |
| Administrative staff |
13 |
15 |
| Management staff |
20 |
21 |
| Home and care workers |
12 |
|
|
106 |
104 |
|
Freehold land |
Equipment |
|
|
|
and buildings |
|
|
|
|
|
and tenants |
Motor |
|
|
|
improvements |
|
|
| Group |
|
|
Vehicles |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 April 2020 |
3,105,713 |
141,847 |
14,000 |
3,261,560 |
| Disposals |
- |
(58,674) |
- |
(58,674) |
| At 31 March 2021 |
3,105,713 |
83,173 |
14,000 |
3,202,886 |
| Depreciation |
|
|
|
|
At
1 April 2020 |
360,754 |
82,973 |
9,013 |
452,740 |
| Charge for the year |
62,111 |
15,253 |
2,800 |
80,164 |
| Disposals |
- |
(58,674) |
- |
(58,674) |
| At 31 March 2021 |
422,865 |
39,552 |
11,813 |
474,230 |
| Net book value |
|
|
|
|
| At 31 March 2021 |
2,682,848 |
43,621 |
2,187 |
2,728,656 |
| At 31 March 2020 |
2,744,959 |
58,874 |
4,987 |
2,808,820 |
|
Freehold land |
Equipment |
|
|
|
and buildings |
|
|
|
|
|
and tenants |
Motor |
|
|
|
improvements |
|
|
| Charity |
|
|
vehicLes |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 ApriL 2020 |
3,105,713 |
134,938 |
14,000 |
3,254,651 |
| DisposaLs |
- |
(58,674) |
- |
(58,674) |
| At 31 March 2021 |
3,105,713 |
76,264 |
14,000 |
3,195,977 |
| Depreciation |
|
|
|
|
| At 1 April 2020 |
360,754 |
76,064 |
9,013 |
445,831 |
| Charge icr the year |
62,111 |
15,253 |
2,800 |
80,164 |
| Disposals |
- |
(58,674) |
- |
(58,674) |
| At 31 March 2021 |
422,865 |
32,643 |
11,813 |
467,321 |
| Net book value |
|
|
|
|
| At 31 March 2021 |
2,682,848 |
43,621 |
2,187 |
2,728,656 |
| At 31 March 2020 |
2,744,959 |
58,874 |
4,987 |
2,808,820 |
FIXED ASSET INVESTMENTS
CARITAS |
DIOCESE OF SALFORD |
|
|
|
Investment |
|
|
|
Property |
Unlisted |
|
| Group |
|
securities |
Total |
|
£ |
£ |
£ |
| Market value |
|
|
|
| At 1 April 2020 |
3,115,000 |
2,111,748 |
5,226,748 |
| Additions |
4,320 |
- |
4,320 |
| Revaluations |
85,680 |
224,633 |
310,313 |
| At 31 March 2021 |
3,205,000 |
2,336,381 |
5,541,381 |
|
Investment |
|
|
Investment in |
Investment in |
|
| Charity |
Property |
Unlisted
securities |
|
Subsidiary |
|
Total |
|
£ |
|
£ |
|
|
£ |
| Market value |
|
|
|
|
|
|
At
1 April 2020 |
3,115,000 |
2,111,748 |
|
|
I |
5,226,749 |
| Additions |
4,320 |
|
- |
|
- |
4,320 |
| Revaluations |
85,680 |
224,633 |
|
|
|
310,313 |
| At 31 March 2021 |
3,205,000 |
2,336,381 |
|
|
1 |
5,541,382 |
| Investments at market value comprise: |
|
|
|
|
|
|
|
|
Charity |
|
Group |
Charity |
Group |
|
|
2021 |
|
2021 |
2020 |
2020 |
|
|
£ |
|
£ |
£ |
£ |
| Investment property |
|
3,205,000 |
3,205,000 |
|
3,115,000 |
3,115,000 |
| Unlisted investments |
|
2,336,382 |
2,336,381 |
|
2,111,749 |
2,111,748 |
| TotaL market value |
|
5,541,382 |
5,541,381 |
|
5.226,749 |
5.226.748 |
|
|
2021 |
|
|
£ |
| 1) |
Profit and loss account for year to 31 March 2021 |
|
| Turnover |
|
3,446 |
| Cost of sates |
|
|
| Gross Profit |
|
3,244 |
| Administration expenses |
|
(11,379) |
| Other Operating Income |
|
9,669 |
| Profit for the year |
|
1,534 |
| Gift Aid Distribution |
|
12.9I |
| ii) |
Balance sheet as at 31 March 2021 |
|
|
|
2021 |
|
|
£ |
| Stock |
|
498 |
| Debtors |
|
14,931 |
| Cash in hand |
|
3,071 |
| Creditors fatling due within one year |
|
(1,325) |
| Net Assets |
|
17.175 |
| Share capital |
|
1 |
| Profit and toss account |
|
17,174 |
| Shareholders |
surplus |
17,175 |
|
2021 |
2020 |
| Group |
£ |
£ |
| Due within one year |
|
|
| Trade deblors |
115,956 |
164,185 |
| Prepayments and accrued income |
243,436 |
120,463 |
|
359.392 |
284.648 |
|
2021 |
2020 |
|
£ |
£ |
| Charity |
|
|
| Due within one year |
|
|
| Trade debtors |
115,956 |
164,185 |
| Prepayments and accrued income |
242,480 |
119,966 |
|
358,436 |
284,151 |
|
2021 |
2020 |
|
£ |
£ |
| Group |
|
|
| Due within one year |
|
|
| Trade creditors |
11,191 |
24,905 |
| Other creditors |
11,895 |
13,711 |
| Accruals and deferred income |
187,169 |
294574 |
|
210.255 |
333,190 |
|
2021 |
2020 |
|
£ |
£ |
| Charity |
|
|
| Due within one year |
|
|
| Trade creditors |
11,052 |
24,905 |
| Other creditors |
11,895 |
12,974 |
| Accruals and deferred income |
185,983 |
293,889 |
| Amounts due to subsidiary undertakings |
13,976 |
13,976 |
|
222Sfl |
345.744 |
| Deferred income |
2021 |
2020 |
|
£ |
£ |
| Deferred income at 1 April 2020 |
258,108 |
333,704 |
| Resources deferred in year |
80,818 |
258,108 |
| Amounts reLeased from previous years |
(258,108) |
(333,704) |
| Deferred income at 31 March 2021 |
80.818 |
258,108 |
|
Brought |
|
|
|
|
Carried |
|
|
Incoming |
Resources |
Gains! |
|
|
| Charity |
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
| DESIGNATED FUNDS |
|
|
|
|
|
|
| Fixed assets fund |
|
|
|
|
|
|
| (inciuding revaluations) |
2,808,820 |
|
|
- |
(80,167) |
2,728,653 |
| Long term investments |
4,226,749 |
|
- |
310,313 |
4,320 |
4,541,382 |
| Reserve fund |
503,879 |
|
|
- |
(79,138) |
424,741 |
| Pension reserve |
(1,541,000) |
|
44000 |
(38,000) |
|
(1,535,000) |
|
5,998,448 |
- |
44,000 |
272,313 |
(154,985) |
6,159,776 |
| GENERAL FUNDS |
|
|
|
|
|
|
| General Funds |
1,018,614 |
1,589,057 |
(1,682,151) |
38,000 |
105,794 |
1,119,317 |
| Total unrestricted funds |
7,017,062 |
1,589,057 |
(1,638,151) |
310,313 |
(49,191) |
7,279,093 |
|
Brought |
|
|
Gains/ |
|
Carried |
|
|
Incoming |
Resources |
|
|
|
|
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
| RESTRICTED FUNDS |
|
|
|
|
|
|
| BLackburn with Darwen |
|
|
|
|
|
|
| Maryvate |
- |
112,350 |
(159,231) |
- |
46,881 |
- |
| St Joseph’s WeLfare |
- |
147,787 |
(121,478) |
- |
(9,461) |
16,848 |
| Post Adoption |
5,000 |
5,000 |
(5,000) |
- |
- |
5,000 |
| Cornerstone Drop In |
|
|
|
|
|
|
| Centre |
105,104 |
272,393 |
(302,394) |
- |
- |
75,103 |
| St Joseph’s Mission for |
|
|
|
|
|
|
| the Deaf |
180,429 |
1,000 |
(32,322) |
- |
- |
149,107 |
| CathoLic Family Care |
8,081 |
581 |
(1,746) |
- |
- |
6,916 |
| The LatLey |
42,762 |
184,397 |
(97,690) |
- |
- |
129,469 |
| Red Door |
- |
38,575 |
(25,430) |
- |
- |
13,145 |
| Sr Joan’s Service |
- |
118 |
(12,531) |
- |
12,413 |
- |
| Night Provision |
71,017 |
287,959 |
(354,626) |
- |
- |
4,350 |
| Refugee Response |
26,354 |
147,925 |
(98,657) |
- |
- |
75,622 |
| Education |
12,080 |
92,304 |
(95,570) |
- |
(1,964) |
6,850 |
| Gubay Crisis Fund |
7,000 |
22,463 |
(33,495) |
- |
4,032 |
- |
| Caritas Bishop’s Fund |
- |
30,000 |
- |
|
- |
30,000 |
| Caritas in Action |
2,724 |
30,000 |
(30,014) |
- |
(2,710) |
- |
| SubtotaL |
460,552 |
1,372,852 |
(1,370,184) |
- |
49,191 |
512,411 |
| Total of Funds |
7,477,612 |
2,961,909 |
(3,008,335) |
310,313 |
- |
7,791,504 |
|
Brought |
Incoming |
Resources |
Gains/ |
|
Carried |
|
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
C |
£ |
C |
£ |
£ |
£ |
| Designated Funds |
5,998,448 |
|
44,000 |
272,313 |
(154,985) |
6,159,776 |
| General Funds |
1,0I8,614 |
1,589,057 |
(1,682,151) |
38.000 |
105,794 |
1,119,317 |
| Subtotal |
7,017,062 |
1,589,057 |
(1,638,151) |
310,313 |
(49,191) |
7,279,093 |
| Restricted Funds |
460,552 |
1,372,852 |
(1,370,184) |
|
49,191 |
512,411 |
| Total of Funds |
7,477,614 |
2,961,909 |
(3,008,335) |
310,313 |
- |
7,791,504 |
|
Brought |
|
|
|
|
Carried |
|
|
Incoming |
Resources |
Gains! |
|
|
| Group |
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
E |
£ |
£ |
£ |
£ |
£ |
| DESIGNATED FUNDS |
|
|
|
|
|
|
| Fixed assets fund |
|
|
|
|
|
|
| (inctuding revaLuations) |
2,808,820 |
|
|
- |
(80,167) |
2,728,653 |
| Long term investments |
4,226,749 |
|
|
310,313 |
4,320 |
4,541,382 |
| Reserve Fund |
503,879 |
|
|
- |
(79,138) |
424,741 |
| Pension reserve |
(1,541,000) |
|
44,000 |
(38,000) |
- |
(1,535,000) |
|
5,998,448 |
- |
44,000 |
272,313 |
(154,985) |
6,159,776 |
| GENERAL FUNDS |
|
|
|
|
|
|
| GeneraL Funds |
1,035,233 |
1,601,192 |
(1,695,692) |
38,000 |
105,794 |
1,136,492 |
| Totat unrestricted |
|
|
|
|
|
|
| funds |
7,033,681 |
1,601,192 |
(1,651,692) |
310,313 |
(49,191) |
7,296,268 |
|
CARITAS DIOCESE OF SALFORD |
CARITAS DIOCESE OF SALFORD |
CARITAS DIOCESE OF SALFORD |
|
|
|
|
Brought |
|
|
Gains! |
|
Carried |
|
|
Incoming |
Resources |
|
|
|
|
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
| RESTRICTED FUNDS |
|
|
|
|
|
|
| Blackburn with Darwen |
|
|
|
|
|
|
| Maryvale |
- |
112,350 |
(159,231) |
|
46,851 |
|
| St Joseph’s Welfare |
- |
147,787 |
(121,478) |
|
(9,461) |
16,848 |
| Post Adoption |
5,000 |
5,000 |
(5,000) |
|
|
5,000 |
| Cornerstone Drop In |
|
|
|
|
|
|
| Centre |
105,104 |
272,393 |
(302,394) |
|
|
75,103 |
| St Joseph’s Mission for |
|
|
|
|
|
|
| the Deaf |
180,429 |
1,000 |
(32,322) |
|
|
149,107 |
| Catholic Family Care |
8,081 |
581 |
(1,746) |
|
|
6,916 |
| The Latley |
42,762 |
184,397 |
(97,690) |
|
|
129,469 |
| Red Door |
|
38,575 |
(25,430) |
|
|
13,145 |
| Sr Joan’s Service |
|
118 |
(12,531) |
|
12,413 |
|
| Night Provision |
71,017 |
287,959 |
(354,626) |
|
|
4,350 |
| Refugee Response |
26,354 |
147,925 |
(98,657) |
|
|
75,622 |
| Education |
1 2,080 |
92,304 |
(95,570) |
|
(1,964) |
6,850 |
| Gubay Crisis Fund |
7,000 |
22,463 |
(33,495) |
|
4,032 |
|
| Caritas Bishop’s Fund |
|
30,000 |
|
|
|
30,000 |
| Caritas in Action |
2,724 |
30,000 |
(30,014) |
|
(2,710) |
|
| Subtotal |
460,552 |
1,372,852 (1,370,184) |
|
- |
49,191 |
512,411 |
| Total of Funds |
7,494,233 |
2,974,044 (3,021,876) |
|
310,313 |
- |
7,808,679 |
|
Brought |
Incoming |
Resources |
Gains? |
|
Carried |
|
Forward |
Resources |
Expended |
(Losses) |
Transfers |
Forward |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Designated Funds |
5,998,448 |
|
44,000 |
272,313 |
(154,985) |
6,159,776 |
| General Funds |
1,035,233 |
1,601,192 |
(1,695,692) |
38,000 |
105,794 |
1,136,492 |
| SubtotaL |
7,033,681 |
1,601,192 |
(1,651,692) |
310,313 |
(49,191) |
7,296,268 |
| Restricted Funds |
460,552 |
1,372,852 |
(1,370,184) |
- |
49,191 |
512,411 |
| TotaL of Funds |
7,494,233 |
2,974,044 |
(3,021,876) |
310,313 |
- |
7,808,679 |
|
Restricted |
Unrestricted |
Total |
| Group |
Funds |
Funds |
Funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Tangible fixed assets |
- |
2,728,656 |
2,728,656 |
| Fixed asset investments |
- |
5,541,381 |
5,541,381 |
| Current assets |
512,411 |
771,486 |
1,283,897 |
| Creditors due within one year |
- |
(210,255) |
(210,255) |
| Pension scheme liability |
- |
(1,535,000) |
(1,535,000) |
|
512,411 |
7,296,268 |
7,808,679 |
|
Restricted |
Unrestricted |
Total |
| Group |
Funds |
Funds |
Funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Tangible fixed assets |
|
2,808,820 |
2,808,820 |
| Fixed asset investments |
- |
5,226,748 |
5,226,748 |
| Current assets |
593,499 |
739356 |
1,332,855 |
| Creditors due within one year |
(132,947) |
(200,243) |
(333,190) |
| Pension scheme liability |
- |
(1,541000) |
(1,541,000) |
|
460,552 |
7,033,681 |
7,494,233 |
|
|
|
Land |
and buildings |
|
Other |
|
|
|
|
|
|
2021 |
2020 |
|
2021 |
2020 |
|
|
|
|
£ |
£ |
|
£ |
£ |
| Within |
1 |
year |
|
12,750 |
12.750 |
|
1,220 |
1.220 |
| Between |
|
2 and 5 years |
|
- |
12750 |
|
|
|
|
|
|
|
12,750 |
Z5.500 |
|
|
|
| The amounts recognised in the balance sheet |
are as follows |
|
|
2021 |
2020 |
|
£ |
£ |
| Fair value of employer assets |
5,052,000 |
4,416.000 |
| Present value of funded obligations |
(6,587,000) |
j57,0OO |
| Net pension liability |
1,535.000 |
1.541,000 |
|
2021 |
2020 |
|
£ |
£ |
| Service cost |
(23,000) |
|
| Interest on Employer Assets |
98,000 |
121,000 |
| Interest on Pension Scheme Liabilities |
(134,000) |
|
| Total net interest |
(59,000) |
(27,000J |
|
2021 |
2020 |
|
£ |
£ |
| ActuaL return less expected return on pension |
|
|
| scheme assets |
|
|
|
818,000 |
(599000) |
| Changes in financial assumptions underlying |
|
|
| the present value of the scheme liabilities |
|
|
|
(768,000) |
214,000 |
| Total recognised gain/(Loss) in OCI |
50,000 |
(385.0001 |
| Changes in the present value of the defined benefit |
obligation were as follows: |
|
|
2021 |
2020 |
|
£ |
£ |
| Defined benefit obligation recognized at 1 |
5,957,000 |
6,288,000 |
| ApriL 2020 |
|
|
| Service cost |
23,000 |
28,000 |
| Interest cost |
134,000 |
148,000 |
| Contribution by members |
4,000 |
4,000 |
| Remeasurement |
768,000 |
(214,000) |
| Estimated benefits paid |
(299,000) |
(297,000) |
| CLosing defined benefit obligation |
6.587,000 |
5,357a000 |
| Changes in the fair value of the charities share of sc |
heme assets are as foll |
ows: |
|
2021 |
2020 |
|
£ |
£ |
| Fair vaWe of employer assets at 1 April 2020 |
4,416,000 |
5,170,000 |
| Contributions by members |
4,000 |
4,000 |
| Contributions by the employer |
15,000 |
17,000 |
| Return on assets (excluding interest) |
818,000 |
(599,000) |
| Benefits paid |
(299,000) |
(297,000) |
| Interest income |
98,000 |
121,000 |
| Closing fair vaLue of empLoyer assets |
_Q52,000 |
4,416.000 |
| The major categories of fund assets as follows: |
|
|
|
Assets at 31 |
Assets at |
|
March |
31 March |
|
2021 |
2020 |
|
£ |
£ |
| Equities |
3,637,440 |
3,047,000 |
| Bonds |
606,240 |
662,000 |
| Property |
353,640 |
309,000 |
| Cash |
454,680 |
398,000 |
|
5,052.000 |
4,416.000 |
| The principal assumptions at the baLance sheet date: |
|
|
|
2021 |
2020 |
|
% per annum |
% per annum |
| Inflation rate (CPI) |
2.85 |
2.0 |
| Future salary increase rate |
3.60 |
28 |
| Future pension increase i-ate |
2.85 |
2.3 |
| Discount rate |
1.95 |
2.3 |
|
|
|
CARITAS DIOCESE OF SALFORD |
|
|
|
|
|
Approximate |
% |
Approximate |
|
|
|
increase |
to |
monetary amount |
|
|
|
employer liability |
|
|
|
|
|
|
|
£‘OOO |
| 0.5% |
decrease |
in |
reaL discount rate |
6 |
377 |
| 0.5% |
increase |
in |
the salary increase rate |
0 |
6 |
| 0.5% |
increase |
in |
the pension increase rate |
6 |
365 |
|
At 31 March 7021 |
At 31 March 2020 |
| Retiring today |
|
|
| Males |
20.5 |
20.5 |
| Females |
23.3 |
23.1 |
| Retiring in 20 years |
|
|
| Mates |
21.9 |
22.0 |
| Females |
25.3 |
25.0 |
|
Group |
2021 |
2020 |
|
|
£ |
£ |
|
Financial assets measured at arnortised cost |
LQIPfl2I |
1.079299 |
|
Financiat liabilities measured at amortised cost |
111,437 |
75,082 |
|
Financial assets consist of cash, trade debtors and other debtors |
|
|
|
Financial liabilities consist of loans, trade creditors, other creditors |
|
|
|
and accruals |
|
|
| 21. |
POST BALANCE SHEET EVENT |
|
|
|
|
Restricted |
Unrestricted |
Total |
|
|
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
|
|
C |
£ |
£ |
| INCOME |
|
|
|
|
| Donations and Legacies |
2 |
465,789 |
233,466 |
699,255 |
| Other trading activities |
3 |
|
40,048 |
40,048 |
| Investment income |
4 |
|
121,819 |
121,819 |
| Charitable activities |
5 |
764,512 |
1738,525 |
2503037 |
| TOTAL INCOME |
|
1,230,301 |
2,133,858 |
3,364,159 |
| EXPENDITURE |
|
|
|
|
| Raising funds |
7 |
- |
117,733 |
117,733 |
| Charitable activities |
6 |
1,408,597 |
1,950,821 |
3,359,418 |
| TOTAL EXPENDITURE |
|
1408,597 |
2,068,554 |
3,477,151 |
| Net gains on investments |
11 |
. |
769,212 |
769,212 |
| NET (EXPENOITURE)/LNCOME |
|
(178,296) |
834,516 |
656,220 |
| Transfers |
|
116,236 |
(116,236) |
|
| NET INCOME BEFORE OTHER RECOGNISED GAINS |
|
|
|
|
| / (LOSSES) |
|
(62,060) |
718,280 |
656,220 |
| Actuariat gains/ losses) on defined benefit |
|
|
|
|
| pension schemes |
18 |
‘ |
(385,000) |
(385,000) |
| NET MOVEMENT IN FUNDS |
|
(62.060) |
333,280 |
271,220 |
FUND BALANCES AT
1 APRIL 2019 |
|
522,612 |
6,700,401 |
7,223,013 |
| FUND BALANCES AT 31 MARCH 2020 |
14 |
460,552 |
7,033,681 |
7,494,233 |
|
|
Restricted |
Unrestricted |
Total |
|
|
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
|
|
£ |
£ |
£ |
| INCOME |
|
|
|
|
| Donations and legacies |
2 |
465,789 |
241,846 |
707,635 |
| Other trading activittes |
|
- |
12,253 |
12,253 |
| Investment income |
4 |
- |
121,819 |
121,819 |
| Charitable activities |
5 |
764,512 |
1,738.525 |
2,503,037 |
| TOTAL INCOME |
|
1, 230, 301 |
2,114,443 |
3, 344,744 |
| EXPENDITURE |
|
|
|
|
| Raising funds |
|
- |
98,317 |
98,317 |
| Charitable activities |
6 |
1,408,597 |
1,950,821 |
3,359,418 |
| TOTAL EXPENDITURE |
|
1408,597 |
2,049.138 |
3,457,735 |
| Net gains on investments |
11 |
- |
769,212 |
769,212 |
| NET INCOME |
|
(178,296) |
834,517 |
656,221 |
| Transfers |
|
116,236 |
(116,236) |
- |
| NET INCOME BEFORE OTHER RECOGNISED GAINS |
|
|
|
|
| I (LOSSES) |
|
(62,060) |
718,281 |
656,221 |
| Actuarial gains/itossesi on def-ed benefit |
|
|
|
|
| pension schemes |
18 |
- |
(385,000) |
(385,000) |
| NET MOVEMENT IN FUNDS |
|
(62,060) |
33,281 |
271,221 |
| FUND g4.LArqES AT 1 APRIL 2019 |
|
522,612 |
6,683,781 |
7,206,393 |
| FUND BALANCES AT 31 MARCH 2020 |
14 |
460,552 |
7.017,062 |
7,477,614 |