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|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||||
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|||||||||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|
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||||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|
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|||||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|
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||||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|
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|||||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|
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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
##
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|||||Other reserves|Total|
|---|---|---|---|---|---|
|At|1|January|2020|5,757,722|5,757,722|
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|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|
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|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|
##
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|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|
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