2020-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		Zto4
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report
Statement ofFinancial	Activities	10to 11
Balance Sheet		12
Statement ofCash Flows		13
Notes to the Financial	Statements	14to26

				Scalabrini Fathers Company	Scalabrini Fathers Company	Scalabrini Fathers Company	Scalabrini Fathers Company
				Reference and Administrative			Details
Trustees				Father Francesco Buttazzo		CS
				Father Alberto Vico CS
				Father Giuseppe Bortolazzo CS
				Father Dung Luc Nguyen
				Reverend Geraldo Melotti		Junior
				Reverend Mauro Lazzarato
				Reverend Elio Alberti
				Reverend Giaudomenico	ZiTiotto
Secretary				Ms Katia Bortolazzo
Principal	Ofilce			20 Brixton Road
				London
				SW96BU
Registered	Office			20 Brixton Road
				London
				SW96BU
				The charity is incorporated		in England.
Company	Registration		Number	07454427
Charity Registration		Number		1141084
Solicitors				Pothecary Witbam Weld
				70 StGeorge's Square
				London
				SW1V3RD
Bankers				CAF Bank
				25 Kings Hill Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ
Auditor				Sterling Grove Accountants		Litnited
				Chartered Certified Accountants			and Statutory Auditors
				Thames House
				Bourne End Business Park
				Cores End Road
				Bourne End
				Buckinghamshire
				SLS5AS

								Total
				Unrestricted	Restricted			2020
			Note					g
Income and Endowments		from:
Donations and legacies				149,213		1,061		150,274
Investment income				325,419				325,419
Total income				474,632		1,061		475,693
Expenditure on:
Raising funds						(1,061)		(1,061)
Charitable activities				(367,000)				(367,000)
Total expenditure				(367,000)		(1,061)		(368,061)
Net income				107,632				107,632
Net rnoveruent in funds				107,632				107,632
Reconciliation offunds
Total funds brought	forward			4,121,338				4,121,338
Total funds carried	forward		20	4,228,970				4,228,970
				Unrestricted	Restricted			Total
				funds	funds			2019
			Note					g
Income and Endowments		from:
Donations and legacies				143,007	2,198			145,205
Investment income				393,098				393,098
Total income				536,105	2,198			538,303
Expenditure on:
Raising funds Charitable activities			5 6	~(40(,9(0	(2,198)		(2,198) ~(40(,9(0
Total expenditure Gains/losses on investment		assets		(401,910) ~(,277.023	(2,198)		(404,108) ~(,277,0233
Net expenditure				(1,142,828)				(1,142,828)
Transfers between	funds			6,172,977				6,172,977
Other recognised gains and losses Gains/losses on revaluation offrxed assets				(6,172,977)			~(6.(72 977
Net movement in funds				(1,142,828)				(1,142,828)
Reconciliation offunds
Total funds brought	forward			5,264,166				5,264,166
Total funds carried	forward		20	4,121,338				4,121,338

			Balance Sheet as at 3	1December	2020
					2020	2019
				Note		f
Fixed assets
Tangible assets				13	305,215	313,896
Investments				14	8,766,739	8,766,739
					9,071,954	9,080,635
Current assets
Debtors				15	9,554	8,852
Cash at bank	and	in hand		16	930,379	812,903
Creditors: Amounts			faBing due within one year	it	939,933 ~25,195)	821,755 ~(23,33D
Net current assets					914,738	798,425
Net assets					9,986,692	9,879,060
Funds ofthe	charity:
tlnrestricted	income		funds
Unrestricted					4,228,970	4,121,338
Other reserves					5,757,722	5,757,722
Total unrestricted		funds			9,986,692	9,879,060
Total funds				20	9,986,692	9,879,060

				2020	2019
			Note	s
Cash flows from operating	activities
Net income/(expenditure)				107,632	(1,142,828)
Adjustments to cash flows from non-cash items
Depreciation				8,681	8,950
Loss on disposal ofinvestments					1,277,023
				116,313	143,145
Working capital adjustments
Increase in debtors			15	(702)	(167)
Increase in creditors			17	1,865	16,081
Net cash flows &om operating		activities		117,476	159,059
Cash flows from investing activities
Purchase oftangible fixed assets			13		(3,391)
Sale oftangible fixed assets					114
Net cash flows &om investing		activities			(3,277)
Net increase in cash and cash	equivalents			117,476	155,782
Cash snd cash equivalents at	I	January		812,903	657,121
Cash and cash equivalents at 31 December				930,379	812,903

			Unrestricted
			funds	Restricted	Total	Total
			General	funds	2020	2019
Donations and legacies;
Donations	from companies,	trusts
and similar	proceeds		32,500		32,500
Donations	and gifts		86,759		86,759	143,007
Grants, including capital grants;
Government	grants		29,954		29,954
Collections and pilgrimages				1,061	1,061	2,198
			149,213	1,061	150,274	145,205

				Unrestricted
				funds	Total	Total
				General	2020	2019
Interest receivable		and similar	incotne;
Interest	receivable on bank		deposits	343	343	348
Hospitality	income			131,595	131,595	135,480
Income fiom rents				193,481	193,481	257,270
				325,419	325,419	393,098

a) C	osts aftra	ding activities
				Restricted	Total	Total
				funds	2020	2019
			Note
Costs	ofgoods	sold		1,061	1,061	2,	198
				1,061	1,061	2,	198
						Total
						costs

6 Expendit	ure on cha	ritable activi	ties
				Unrestricted
				funds	Total	Total
			Note	General f	2020f	2019
Relgious and	hospitality	costs		197,895	197,895	265,968
Grants to province				15,000	15,000	35,000
Statf costs				42,009	42,009	43,728
Governance	costs			112,096	112,096	57,214
				367,000	367,000	401,910

Governance costs
		Unrestricted
		funds	Total	Total
		General	2020f	2019
Audit fees
Audit ofthe financial	statements	7,320	7,320	7,320
Other fees paid to auditors		749	749	1,056
Legal fees		104,027	104,027	48 838
		112,096	112,096	57,214

8 Net incoming/outgoing resources Net incoming resources for the year include:
		2020	2019
Audit fees		7,320	7,320
Other non-audit services		749	1,056
Profit on disposal ofinvesttnents			(1,277,023)
Profit on disposal offixed assets held for the charity's	own use		114
Depreciation offixed assets		8,681	8,950

10 Staffcosts The aggregate payroll costs were as follows:
	2020	2019
	f	f
Staff costs during the year were:
Wages and salaries	40,935	42,639
Social security costs	256	309
Pension costs	818	780
	42,009	43,728

2020	2019
No	No

		2020	2019
		f
Audit ofthe financial	statements	7,320	7,320
Other fees to auditors
All other non-audit services		749	1,056

13 Tangible fixed assets
	Land and	Furniture and
	buildings s	equipment s	Motor vehicles f	Total
Cost
At 1 January 2020	349,727	72,550	11,437	433,714
At 31December 2020	349,727	72,550	11,437	433,714
Depreciation
At 1 January 2020	43,012	68,605	8,201	119,818
Charge for the year	5,624	2,248	809	8,681
At 31December 2020	48,636	70,853	9,010	128,499
Net book value
At 31December 2020	301,091	1,697	2,427	305,215
At 31December 2019	306,715	3,945	3,236	313896

14 Fixed asset investments
	2020	2019
		f
Invesnnent properties	8,766,739	8,766,739
Investmeat properties
		Investment
		properties
Cost or Valuation
At 1January 2020		8,766,739
Provision
At 31December 2020
Net book value
At 31December 2020		8,766,739
At 31December 2019		8,766,739

15 Debtors
		2020	2019
Trade debtors		1,597	505
Prepayments		5,825	5,825
Other debtors		2,132	2,522
		9,554	8,852
16Cash and cash equivalents
		2020 f	2019
Cash on hand		807	2,498
Cash at bank		929,572	810,405
		930,379	812,903
17 Creditors: amounts	falling due within one year
		2020	2019
		0
Other creditors		18,595	16,730
Accruals		6600	6,600
		25,195	23,330

				Other reserves	Total
At	1	January	2020	5,757,722	5,757,722

20 Funds
								Balance at31
			Balance at 1		Incoming		Resources	December
			January 2020		resources		expended f	2020
Unrestricted	funds
General			4,121,338		474,632		(367,000)	4,228,970
Restricted funds						1,061	(1,061)
Total funds			4,121,338		475,693		(368,061)	4,228,970
								Balance at
		Balance at 1					Other	31
		January	Incoming	Resources			recognised	December
		2019	resources	expended		Transfers	gains/posses)	2019
			K	K
Unrestricted
General
General Funds		5,264,166	536,105	(401,910)		6,172,977	(7,450,000)	4,121,338
Other reserve		11,930,699				~6,172,977		5,757,722
		17,194,865	536,105	(401,910)			(7,450,000)	9,879,060
Restricted
Collection	fund		2,198	~2,198
Total funds		17,194,865	538,303	~(404,	108		~(7,45D,OOtl	9,879.tl68

21 Analysis ofnet assets between funds
	Unrestricted	Total funds at
	funds	31December
	General	2020
Tangible fixed assets	305,215	305,215
Fixed asset investments	8,766,739	8,766,739
Current assets	939,933	939,933
Current liabilities	(25,195)	(25,195)
Total net assets	9,986,692	9,986,692
	Unrestricted	Total funds at
	funds	31December
	General	2019
Tangible fixed assets	313,896	313,896
Fixed asset investments	8,766,739	8,766,739
Current assets	821,755	821,755
Current liabilities	(23,330)	(23,330)
Total net assets	9,879,060	9,879,060

22 Analysis ofnet funds
			At 31
	At 1January	Financing cash	December
	2020	flows	2020
Cash at bank and in hand	812,903	117,476	930,379
Net debt	812,903	117,476	930,379

Notes to the Financial Sta	tements for the Year Ende	d 31December	2020
			At 31
	At 1January	Financing cash	December
	2019	flows	2019
Cash at bank and in hand	657,121	155,782	812,903
Net debt	657,121	155,782	812,903