2021-12-31-accounts

Reference and Administrative	Reference and Administrative	Details
Strategic Report
Trustees' Report			3to 5
Independent Auditors'	Report		6to9
Statement ofFinancial	Activities		10
Balance Sheet
Statement ofCash Flows			12
Notes to the Financial	Statements		13to 24

			Scalabrini Fathers Company	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 Giandomenico		Ziliotto
			Reverend Tam Nguyen	Van
Secretary			Ms Katia Bortolazzo
Charity Registration		Number	1141084
Company	Registration	Number	07454427
			The charity is incorporated			in England.
Registered	Office		20Brixton Road
			London
			SW9 6BU
Auditor			Sterling Grove Accountants			Limited
			Chartered Certified Accountants				and Statutory	Auditors
			Fawley House
			2 Regatta Place
			Marlow Road
			Bourne End
			Buckinghamshire
			SLS5TD
Solicitors:			Pothecary Witham Weld
			70 StGeorge's Square
			London
			SW1V3RD
Bankers			CAF Bank
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			Kent
			ME194JQ

			and Lo	sses)
						Total
				Unrestricted	Restricted	2021
			Note
Income and Endowments		from:
Donations and legacies				305,128	51,892	357,020
Investment income				325,785		325,785
Total income				630,913	51,892	682,805
Expenditure on:
Raising funds Charitable activities			5 6	~(435.698	(51,892)	(51,892) (435,698)
Total expenditure				~(435,698	(51,892)	(487,590)
Net income				195,215		195,215
Net rnovetnent in funds				195,215		195,215
Reconciliation offunds
Total funds brought	forward			4,228,970		4,228,970
Total funds carried	forward		20	4,424,185		4,424,185
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Income and Endowsnents		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 movement 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

			Balance Sheet as at 3	1December 20	21
					2021	2020
				Note	8
Fixed assets
Tangible assets				13	305,036	305,215
Investments				14	8,766,739	8,766,739
					9,071,775	9,071,954
Current assets
Debtors				15	10,143	9,554
Cash at bank	and	in hand		16	1,131,034	930,379
					1,141,177	939,933
Creditorsi Amounts			falling due within one year	17	(31,045)	(25,195)
Net current assets					1,110,132	914,738
Net assets					10,181,907	9,986692
Funds ofthe	charity:
Unrestricted	income		funds
Unrestricted					4,424,185	4,228,970
Other reserves					5 757722	5,757,722
Total unrestricted		funds			10,181,907	9,986,692
Totalfunds				20	10,181,907	9,986,692

Statement	ofCasb Flo	ws for tbe Y	ear Ended 31	December 2021
				2021	2020
			Note		f,
Cash flows from operating	activities
Net income				195,215	107,632
Adjustments to cash flows from non-cash		items
Depreciation				9,379	8,681
				204,594	116,313
Working capital adjustments
Increase in debtors			15	(589)	(702)
Increase in creditors			17	5,850	1,865
Net cash flows from operating activities				209,855	117,476
Cash flows from investing	activities
Purchase oftangible fixed assets			13	(9,200)
Net increase in cash and cash equivalents				200,655	117,476
Cash and cash equivalents	at I January			930,379	812,903
Cash and cash equivalents	at 31 December			. 3 .	939.379

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2021	2020
Donations	and legacies;
Donations		aod	gills	301,648		301,648	119,259
Grants, including			capital grants;
Government		grants		3,480		3,480	29,954
Collections	and		pilgrimages		51,892	51,892	1,061
				305,128	51,892	357,020	150,274

		Unrestricted
		funds	Total	Total
		General	2021	2020
			g
Interest receivable and similar income;
Interest	receivable on bank deposits			343
Hospitality	income	121,830	121,830	131,595
Income from rents		203,955	203,955	193,481
		325,785	325,785	325,419

							Restricted	Total	Total
							funds	2021	2020
						Note	g		g
Collections		paid over					51,892	51,892	1,06]
							51,892	51,892	1,061
6	Expenditure		on charitable		activities
							Unrestricted
							funds	Total	Total
							General	2021	2020
						Note		g
Relgious and hospitality				costs			319,614	319,614	197,895
Grants to province							45,000	45,000	15,000
Staff costs							43,713	43,713	42,009
Governance		costs					27,371	27,371	112,096
							435,698	435,698	367,000

				Unrestricted
				funds	Total	Total
				General	2021	2020
				g
Audit fees
Audit ofthe	financial	statements		7,500	7,500	7,320
Other fees paid to auditors				927	927	749
Legal fees				18,944	18,944	104,027
				27,371	27,371	112,096
8 Net incoming/outgoing			resources
Net incoming resources		for	the year include:
					2021	2020
						8
Audit fees					7,500	7,320
Other non-audit services					927	749
Depreciation offixed assets					9,379	8,681

The aggregate payr	oll costs were as follows:
		2021	2020
Staffcosts during	the year were:
Wages and salaries		42,850	40,935
Social security costs			256
Pension costs		863	818
		43.773	42,009

2021	2020
No	No

11 Auditors' remuneration	11 Auditors' remuneration
		2021	2020
			8
Audit ofthe financial	statements	7.320	7	323
Other fees to auditors
All other non-audit services		927		749

13 Tangible fixed assets
	Land and	Furniture and
	buildings f	equipment	Motor vehicles	Total f.
Cost
At 1 January 2021	349,727	72,550	11,437	433,714
Additions			9,200	9,200
At 31December 2021	349,727	72,550	20,637	442,914
Depreciation
At 1 January 2021	48,636	70,853	9,010	128,499
Charge for the year	5,624	848	2,907	9,379
At 31December 2021	54,260	71,701	11,917	137,878
Net book value
At 31Decetnber 2021	295,467	849	8,720	305,036
At 31December 2020	301,091	1,697	2,427	305,215

14 Fixed asset investments
				2021	2020
				g
Investment properties				8,766739	8,766,739
Investment properties
					Investment
					properties
Cost or Valuation
At I January 2021					8,766,739
Provision
At 31December 2021
Net book value
At 31December 2021					8.766.739
At 31December 2020					8,766,739
During the year the directors have	undertaken	avaluation of	sll investment	properties.
The basis ofthe directors valuation	was on an open market		basis for existing use basis at a value		ofK8,766,739
(2020:%8,766,739).

15 Debtors
					2021	2020
					f
Trade debtors					1,597	1,597
Prepayments					6,135	5,825
Other debtors					2,411	2,132
					10,143	9,554
16 Cash and cash equivalents
					2021	2020
Cash on hand					2,661	807
Cash at bank					1,128,373	929,572
					1,131,034	930,379
17 Creditors:	amounts	falling	due within	one year
					2021	2020
					g	g
Other taxation	and social security				1,108
Other creditors					23,337	18,595
Accruals					6,600	6,600
					31,045	25,195
18 Pension and other		schemes
Defined contribution		pension	scheme

Other reserves	Total
g	g
5,757,722	5,757.722

20 Funds
					Balance at31
		Balance atI	Incoming	Resources	December
		January 2021	resources	expended	2021
			8	8	8
Unrestricted	funds
General fund		4,228,970	630,913	(435,698)	4,424,185
Restricted funds
Cogection	fund		3,500	(3,500)
Passport services			48,392	(48,392)
			51,892	(51,892)
Totalfunds		4,228,970	682,805	(487,590)	4,424,185
					Balance st31
		Balance atI	Incoming	Resources	December
		January 2020	resources	expended	2020
Uarestricted	funds
General fund		4,121,338	474,632	(367,000)	4,228,970
Restricted funds
Collection	fund		1,061	(1,061)
Totalfunds		4,121,338	477693	~0368063	4228970

21 Analysis ofnet funds
				At 31
	At 1January	Financing	cash	December
	2021	flows		2021
	8
Cash at bank and in hand	930,379	200,655		1,131,034
Net debt	930,379	200,655		1,131,034
				At 31
	At 1January	Financing	cash	December
	2020	flows		2020
	f.			f.
Cash at bank and in hand	812,903	117,476		930,379
Net debt	812,903	117,476		930,379

		Unrestricted	Total funds at
		funds	31December
		General	2021
			8
Tangible	fixed assets	305,036	305,036
Fixed asset investments		8,7665739	8,766,739
Current Current	assets liabilities	1,141,177 ~3(.945	1,141,177 (31,045)
Total net assets		10,181,907	10,1815907
		Unrestricted	Total funds st
		funds	31December
		General	2020
		g
Tangible	fixed assets	305,215	305,215
Fixed asset investments		8,766,739	8,766,739
Current Current	assets liabilities	939,933 ~(25.(95	939,933 ~(25.195
Total net assets		9,986,692	9,986,692