**The Oratory of St Philip Neri at Manchester**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**BK Plus Limited Chartered Certified Accountants Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY**
**The Oratory of St Philip Neri at Manchester**
**REPORT OF THE TRUSTEES : YEAR ENDED 31 DECEMBER 2023**
## **Administrative Information**
The Oratory of St Philip Neri at Manchester (The Oratory) was established by a trust deed dated 22nd October 2012. The Oratory is currently run from the parish of St Chad, Cheetham Hill Road, Manchester M8 8GG. The Trust is registered with the Charity Commission under reference 1149954.
The Trustees who have served during the period are:
Fr R Matus (retired 24 September 2024) Fr R Bailey Br G Connett (appointed 23 September 2024)
## **Structure, governance, management, objectives and activities**
The main object of the charity is to promote and advance the Roman Catholic faith and Roman Catholic institutions and in particular to promote the charitable work for the time being carried on, promoted or supported by the congregation called The Oratory of St Philip Neri established at Manchester.
At present The Oratory is focussed upon the restoration of the historic church of St Chad which was opened on 4th August 1847. The Trustees have been entrusted with the care of the parish by the Diocese of Salford and are responsible for the fabric of the church buildings which are badly in need of repair.
The Trustees are mindful of the Charity Commission guidance on public benefit. They believe that the restoration of St Chad's will be of great benefit to the parish community and the wider community in Manchester. The Oratory aims to assist the homeless and those in real economic need and not just those of the Catholic faith by providing food, encouragement and shelter where possible.
## **Achievements and performance**
## **Review of the year**
2023 was a challenging year financially in having to cover the cost of the purchase of two new boilers for the church. This along with higher fuel costs too has forced us to budget accordingly. The generosity of the faithful in this time of need was very much welcome for which we are thankful.
The numbers attending mass and other services are very encouraging, we have noted a marked increase in a younger audience in church and many initiatives are planned to harness this newfound enthusiasm for the work we do here.
Our pilgrimage programmes have continued and the musical traditions important to our work here maintain a high standard in promoting the work of the Oratory of Saint Philip in Manchester.
1.
**The Oratory of St Philip Neri at Manchester**
**REPORT OF THE TRUSTEES : PERIOD ENDED 31 DECEMBER 2023 continued**
## **Financial review**
The total receipts on ordinary unrestricted funds were £136,283 (2022:£148,406). Restricted fund receipts amounted to £49,200 (2022:£15,140).
All of the charity's efforts during the period under review have been directed towards restoring, improving and maintaining the fabric of St Chad's church buildings and supporting the work of the parish. Every effort has been made to try to ensure that services have continued as they have in the past. Donations have also been made whenever possible to assist Roman Catholic charities at home and abroad and to relieve suffering wherever it occurs.
The net result for the year was an excess of income over expenditure of £13,855 (2022:£7,125). Reserve levels have improved slightly and the trustees are hopeful that the position will improve further as the expenditure on the fabric of the building is now largely complete. However unexpected costs can arise such as the boilers during 2023 hence the need to build reserves.
The balance carried forward at 31 December 2023 was £26,909 (2022:£13,055) on unrestricted funds.
## **Reserves policy**
The Trustees currently aim to hold approximately £125,000 in reserves to enable them to deal with any unexpected demands on funds that might arise from time to time. The effect of the pandemic and the fact that the charity was commited to further building work during 2022, 2021 and earlier periods has led to there now being a relatively low level of reserves. However there shouldn't be a significant amount of capital expenditure in the near future and the trustees are confident that their supporters will continue to assist in furthering the aims of the charity in the longer term.
Approved by the board of trustees on 7th October 2024 and signed on their behalf by
## **Fr R Bailey (Chairman)**
Chair of Trustees Oratory of St Philip Neri at Manchester Cheetham Hill Road Manchester M8 8GG
2.
**The Oratory of St Philip Neri at Manchester**
**INDEPENDENT EXAMINER'S REPORT to the trustees of The Oratory of St Philip Neri at Manchester**
I report on my examination of the financial statements of The Oratory of St Philip Neri at Manchester for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet and related notes, which are set out on pages 4 to 10.
## **Respective responsibilities of the Trustees and Examiner**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 ('the Act'); you consider that an audit is not required for this period under s.144(2) of the Act and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. This examination includes a review of the accounting records kept by the charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view' and the report is limited to thise matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which give me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Act; or
- the accounts do not accord with the accounting records; or
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Dominic Huxley BSc ACA BK Plus Limited Chartered Certified Accountants**
Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY
8th October 2024
3.
**The Oratory of St Philip Neri at Manchester**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|||**Unrestricted**|**Restricted**|**Total**|**Funds**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2023**|**2022**|
||**Note**|**£**|**£**|**£**|**£**|
|**INCOME**||||||
|Donations, grants and legacies|2a|110,925|49,200|160,125|138,546|
|Charitable activities|2b|25,000|-|25,000|25,000|
|Income from investments|2c|358|-|358|-|
|Other incoming resources|2d|-|-|-|-|
|**Total incoming resources**||136,283|49,200|185,483|163,546|
|**EXPENDITURE**||||||
|Activities relating to the work of the church|3a|87,428|49,200|136,628|94,760|
|Donations|3b|23,892|-|23,892|55,699|
|Administration|3c|11,109|-|11,109|5,962|
|Renovation of church buildings|3d|-|-|-|-|
|Transfers between funds||-|-|-|-|
|**Total resources expended**||122,429|49,200|171,629|156,421|
|**NET INCOMING/(OUTGOING)**||||||
|**RESOURCES**||13,854|-|13,854|7,125|
|**GAINS/ (LOSSES) ON INVESTMENTS:**|6b|-|-|-|-|
|**NET MOVEMENT IN FUNDS**||13,854|-|13,854|7,125|
|**BALANCES BROUGHT FORWARD**||13,055|-|13,055|5,930|
|**BALANCES CARRIED FORWARD**||26,909|-|26,909|13,055|
All income and expenditure is derived from continuing activities.
The accompanying notes are an integral part of this statement of financial activities.
4.
**The Oratory of St Philip Neri at Manchester**
## **BALANCE SHEET AT 31 DECEMBER 2023**
|**Note**
**FIXED ASSETS**
Tangible Fixed Assets
6a
Investment Assets
6b
**Total fixed assets**
**CURRENT ASSETS**
Sundry Debtors
7
Short Term Deposits
Cash at Bank and in Hand
**Total current assets**
**LIABILITIES**
Creditors falling due within one year
8
**NET CURRENT ASSETS**
**NET ASSETS**
9
**FUNDS**
Unrestricted
Restricted
**Total charity funds**
£|**2023**
**£**
-
-
-
-
-
27,779
27,779
(870)
26,909
26,909
£
26,909
-
26,909
£|**2022**
**£**
-
-|
|---|---|---|
|||-|
|||-
-
13,925|
|||13,925
(870)|
|||13,055|
||||
|||13,055|
|||13,055
-|
|||13,055|
Approved by the Trustees on 7th October 2024 and signed on their behalf by:
## **Chairman**
## **Fr R Bailey**
5.
**The Oratory of St Philip Neri at Manchester**
**NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2023**
## 1. **ACCOUNTING POLICIES**
The principal accounting policies adopted in the preparation of the financial statements are summarised below.
## **Basis of preparation**
The financial statements have been prepared in accordance with the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. They do not include the accounts of other church groups that owe their main affiliation to another body.
The charity constitutes a public benefit entity as defined by FRS 102.
## **Going concern**
There are no material uncertainties about the ability of the charity to continue as a going concern.
## **Fund accounting**
Restricted funds are funds which may only be expended on the specific object for which they were given.
Unrestricted funds are general funds which can be used at the discretion of the Trustees in furtherance of the general objectives of the charity and that have not been designated for any specific purpose.
## **Incoming Resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of gifts, donations and grants and is included in full in the SOFA when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Legacies are recognised in the SOFA as they are received or when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
Income tax recoverable on covenants or gift aid donations is recognised when received.
Other ordinary income is recognised when received
Income from investments is recognised when receivable.
6.
**The Oratory of St Philip Neri at Manchester**
**NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2023**
## 1. **ACCOUNTING POLICIES (cont'd)**
## **Incoming Resources (cont'd)**
The charity does not currently hold any investments but any realised gains or losses on investments would be recognised when investments are sold.
Unrealised gains or losses would be accounted for on revaluation of investments at 31 December.
## **Resources expended**
Expenditure is accounted for on an accruals basis and is reported as part of the expenditure to which it relates as follows:
Activities relating to the work of the church comprises costs arising from the maintenance of the church building and church services and costs incurred by the clergy in carrying out their duties.
Donations are accounted for when paid over and include donations to the host parish and independent charities dealing with deprivation and homelessness.
Other expenditure includes general administration and the renovation of the church buildings. This expenditure is accounted for on an accruals basis and is partly paid from restricted funds.
## **Fixed assets**
## _**Consecrated land and buildings and movable church furnishings**_
Consecrated and benefice property is excluded from the accounts.
## _**Other fixtures, fittings and office equipment**_
The charity is able to utilise the assets owned by the parish of St Chad and does not itself own any fixed assets.
## **Financial instruments**
The charity accounts for basic financial instruments, debtors and prepayments and creditors and accruals, at the undiscounted amount of the cash or other consideration expected to be received or paid.
7.
**The Oratory of St Philip Neri at Manchester**
## **NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2023 continued ..**
|2.|**INCOME**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
a)
**Voluntary Income**
Donations incl Gift Aid
102,524
-
102,524
105,736
Grants - Lottery Fund and Hist. Eng
-
-
-
15,140
Grants - Diocese
-
-
-
-
Grants - DCMS scheme
-
-
-
-
Society of Jesus re training
-
29,200
29,200
-
Specific donation re church heating
-
20,000
20,000
-
Legacies
-
-
-
-
Miscellaneous
8,401
-
8,401
17,670
110,925
49,200
160,125
138,546
b)
**Income from charitable activities**
Fund raising
-
-
-
-
Hospital chaplaincy services
25,000
-
25,000
25,000
25,000
-
25,000
25,000
c)
**Income from Investments**
Dividends and interest
358
-
358
-
d)
**Other incoming resources**
Miscellaneous income
-
-
-
-
Insurance claims
-
-
-
-
-
-
-
-
**TOTAL INCOMING RESOURCES**
136,283
49,200
185,483
163,546
**Total Funds**|**INCOME**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
a)
**Voluntary Income**
Donations incl Gift Aid
102,524
-
102,524
105,736
Grants - Lottery Fund and Hist. Eng
-
-
-
15,140
Grants - Diocese
-
-
-
-
Grants - DCMS scheme
-
-
-
-
Society of Jesus re training
-
29,200
29,200
-
Specific donation re church heating
-
20,000
20,000
-
Legacies
-
-
-
-
Miscellaneous
8,401
-
8,401
17,670
110,925
49,200
160,125
138,546
b)
**Income from charitable activities**
Fund raising
-
-
-
-
Hospital chaplaincy services
25,000
-
25,000
25,000
25,000
-
25,000
25,000
c)
**Income from Investments**
Dividends and interest
358
-
358
-
d)
**Other incoming resources**
Miscellaneous income
-
-
-
-
Insurance claims
-
-
-
-
-
-
-
-
**TOTAL INCOMING RESOURCES**
136,283
49,200
185,483
163,546
**Total Funds**|
|---|---|---|
|||110,925
49,200
160,125
138,546|
|||-
-
-
-
25,000
-
25,000
25,000|
|||25,000
-
25,000
25,000|
|||358
-
358
-|
|||-
-
-
-
-
-
-
-|
|||-
-
-
-|
||||
|||136,283
49,200
185,483
163,546|
8.
## **The Oratory of St Philip Neri at Manchester**
## **NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2023 continued ..**
|3.
4
5|**RESOURCES EXPENDED**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
a)
**Activities relating to the work of the**
**church**
Church running costs
26,466
-
26,466
31,997
Motor and travel
4,630
-
4,630
7,253
Training and study costs
15,815
29,200
45,015
17,591
General repairs and maintenance
37,894
20,000
57,894
8,743
Streaming costs for services
-
-
-
1,001
Books and piety stall re-stocking
1,706
-
1,706
4,067
Oratory subscriptions
917
-
917
-
Thanksgiving celebration
-
-
-
7,130
87,428
49,200
136,628
77,782
b)
**Donations**
Charitable giving- St Chad's
23,627
-
23,627
66,239
Charitable giving- other
265
-
265
3,414
23,892
-
23,892
69,653
c)
**Administration**
Heat, light, water and insurance
7,573
-
7,573
3,024
Telephone, stationery and office
2,666
-
2,666
5,092
Accountancy and related fees
870
-
870
870
Sundries incl PPE
-
-
-
-
11,109
-
11,109
8,986
d)
**Renovation of church buildings**
Professional and related fees
-
-
-
-
Building works
-
-
-
-
-
-
-
-
**Total Resources Used**
£
122,429
49,200
171,629
156,421
**INDEPENDENT EXAMINER**
**STAFF COSTS**
Wages and salaries
-
-
**Total Funds**
The independent examiner was paid £870 (2022:£870) in respect of the examination of the
accounts.|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
26,466
-
26,466
31,997
4,630
-
4,630
7,253
15,815
29,200
45,015
17,591
37,894
20,000
57,894
8,743
-
-
-
1,001
1,706
-
1,706
4,067
917
-
917
-
-
-
-
7,130
**Total Funds**|
|---|---|---|
|||87,428
49,200
136,628
77,782|
|||23,627
-
23,627
66,239
265
-
265
3,414|
|||23,892
-
23,892
69,653|
|||7,573
-
7,573
3,024
2,666
-
2,666
5,092
870
-
870
870
-
-
-
-|
|||11,109
-
11,109
8,986|
|||-
-
-
-
-
-
-
-|
|||-
-
-
-|
||||
9.
**The Oratory of St Philip Neri at Manchester**
## **NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2023 continued ..**
|6
6
7
8
9
10|a)
**Tangible Fixed Assets**
**Freehold**
**Equipment**
**Land &**
**Buildings**
**Total**
**Cost/Valuation**
B/forward 1 January 2023
-
-
-
Addition at Cost
-
-
-
Revaluation
-
-
Disposal
-
-
-
At 31 December 2023
-
-
-
**Depreciation**
B/forward 1 January 2023
-
-
-
On disposals
-
-
-
Charge for the year
-
-
-
At 31 December 2023
-
-
-
**Net Book Value**31 December 2023
-
-
-
**Net Book Value**31 December 2022
-
-
-
b)
**Investments**
**£**
**£**
B/forward at 1 January 2023
-
-
Unrealised gain/(loss) on revaluation
-
-
Market value 31 December 2023
£
-
£
-
**SUNDRY DEBTORS**
**2023**
**2022**
**£**
**£**
Amounts due within one year
-
-
**CREDITORS : AMOUNTS DUE WITHIN ONE YEAR**
**2023**
**2022**
**£**
**£**
Accruals and deferred income
870
870
Creditors for goods and levies
-
-
870
870
**ANALYSIS OF NET ASSETS BY FUND**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
Fixed Assets
-
-
-
Net Current Assets
26,909
-
26,909
£
26,909
-
26,909
**TRANSACTIONS WITH TRUSTEES**|**Freehold**
**Land &**
**Buildings**
-
-
-
-|**Equipment**
-
-
-
-|**Total**
-
-
-|
|---|---|---|---|---|
|||-|-|-|
|||-
-
-|-
-
-|-
-
-|
|||-|-|-|
|||-|-|-|
|||-|-|-|
|||||**£**
-
-|
|||||**2022**
**£**
-|
|||||**2022**
**£**
870
-|
||Accruals and deferred income
Creditors for goods and levies
**ANALYSIS OF NET ASSETS BY FUND**
Fixed Assets
Net Current Assets
£
**TRANSACTIONS WITH TRUSTEES**||||
|||||870|
|||||**Total**
**£**
-
26,909|
|||26,909||26,909|
||||||
The Trustees are the Parish Priests of St Chad's. Funds are both received from and distributed to the parish and are utilised to maintain the church premises, the presbytery and the clergy. No payments are made by the charity to or for the benefit of the trustees in their capacity as trustees but payments are made to support the priests in carrying out their pastoral duties and to assist in maintaining and renovating the church and church buildings and the fabric of parish life in and around St Chad's and The Oratory. Any capital assets funded by the Oratory are effectively donated to the Parish.
10.