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|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||||||
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||||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|
##
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||||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|
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|||||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|
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|||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|
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|||||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|
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|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|
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|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|
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|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).||||||
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|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|
##
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|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|
##
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|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|
##
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|||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|