Birmingham Catholic Charismatic Renewal Conference Charity Registration Number 1153935 Nine Acres Uffmoor Lane Halesowen West Midlands B63 1DL
Annual Report of the Trustees 2020-21
The trustees are Frances Baines, Diane Clarke, Father Eamon Corduff, Brother Andrew Ferris, Bob Grant, Tony Holland, Andrew Kenny, Pat O’Connor, Ray Russell and Mike Weaver.
Compliance with essential precautions to avoid the spread of the coronavirus meant we were unable to hold the usual weeklong annual conference. As an alternative we arranged three online events of worship, prayer, intercession and teaching broadcast via our YouTube Channel. The themes were:
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Advent - “Through the eyes of Mary and Joseph”;
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Lent - “Out of the Wilderness”; and
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Summer – “Many Gifts, One Spirit”.
Feedback was excellent. The audience for these broadcasts exceeded 3,600.
Trustees spent time on retreat to review objectives, working arrangements consider future strategy to enable the Trust to fulfill better its mission.
Costs exceeded income this year by £8,038 (2020 deficit £2,412). Reserves were £44,748 on 31[st] October 2021 (£52,786 2020).
The policy to hold enough funds in reserve to cover at least 50% of forecast expenses was maintained.
Having reviewed risks, finances and commitments the trustees consider the charity to be a going concern.
The Trustees confirm that Safeguarding Procedures were in place in accordance with The Catholic Archdiocese of Birmingham guidelines.
The Trustees have considered public benefit obligations and consider the Trust meets them through its activities and voluntary efforts of trustees together with those of volunteers.
The Annual Report and Financial Statements were approved by the Trustees on 9[th] November 2021.
Signed on behalf of the Trustees on 9[th] November 2021
Mike Weaver
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Independent Examiner's report to the trustees of Birmingham Catholic Charismatic Renewal Conference (registered Charity number 1153935)
I report on the accounts of the Trust for the year ended 31 October 2021, which are set out on page 3
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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-to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5) (b) of the Act; and
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-state whether particular matters have come to my attention
Basis of the Independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 accounts present a ' true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: S.T Howarth
Stephen Howarth B.Sc. (Hons) Econ.
Relevant professional qualification: Chartered Public Finance Accountant
Address: Fairways, 111, Canada Way, Lower Wick, Worcester. WR2 4XD
Date 15[th] November 2021
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| Birmingham Catholic Charismatic Renewal Conference | Birmingham Catholic Charismatic Renewal Conference | Birmingham Catholic Charismatic Renewal Conference | ||
|---|---|---|---|---|
| Charity Registration Number 1153935 | ||||
| Statement of Financial Activities including Summary Income and Expenditure Account |
31st October 2021 |
31st October 2020 |
||
| £ | £ | £ | £ | |
| Income | ||||
| Donations | 3,030.00 | 3,550.00 | ||
| Bank interest | 1.91 | 57.80 | ||
| Total | 3,031.91 | 3,607.80 | ||
| Expenditure | ||||
| Livestream retreats | 3,242.00 | 2,047.76 | ||
| Insurance | 340.80 | 919.36 | ||
| Donations | 2,000.00 | 2,500.00 | ||
| Support and governance | 5,486.89 | 552.64 | ||
| Total | 11,069.69 | 6,019.76 | ||
| Surplus / Deficit(-) | 8,037.78 - |
2,411.96 - |
||
| Reconciliation of funds: | ||||
| Total funds brought forward | 52,786.10 | 55,198.06 | ||
| Total funds carried forward | 44,748.32 | 52,786.10 | ||
| Balance Sheet as at 31st October 2021 | ||||
| £ | £ | |||
| Assets | ||||
| Barclays Bank Community Account | 30,327.95 | 38,257.64 | ||
| Charity Official Investment Fund Deposit Account | 14,330.37 | 14,328.46 | ||
| Petty Cash Account | 90.00 | 200.00 | ||
| Total Assets | 44,748.32 | 52,786.10 | ||
| Funds of the Charity | ||||
| Unrestricted Funds | 44,748.32 | 52,786.10 | ||
| Total Funds | 44,748.32 | 52,786.10 | ||
| Signed on behalf of all trustees | Print Name | Date of Approval | ||
| Mike Weaver | Mike Weaver | 9th November 2021 |
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Notes to the Financial Statements for the year ended 31 October 2021
1. ACCOUNTING POLICIES
1.1 Basis of preparation
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fair value, 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) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Birmingham Catholic Charismatic Renewal Trust meets the definition of a public benefit entity under FRS 102.
1.2 Going Concern
The financial statements have been prepared on a going concern basis. Having carried out a detailed review of the Trust’s resources and the challenges presented by the current operating and economic climate, the Trustees are satisfied that the Trust has enough cash flows to meet its liabilities as they fall due for at least one year from the date of the approval of the accounts. There are no significant financial uncertainties which the Trustees consider are a significant risk to the ability of the Trust to operate as a going concern in the foreseeable future.
1.3 Income
All income is included in the Statement of Financial Activities when the Trust has entitlement to the funds, it is probable that the income will be received and the amount can be quantified with reasonable accuracy
1.4 Expenditure
All expenditure is accounted for on an accruals basis. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to the expenditure. The following specific policies are applied to categories of expenditure:
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charitable activities include expenditure on providing conferences; and
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support costs relating to oversight of the affairs of the Trust.
1.5 Cash at bank and in hand
Cash at bank includes cash and monies on short term deposit via current and deposit accounts at the bank and other short-term liquid investments with original maturities of three months or less.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.7 Creditors and provisions
Creditors and provisions are recognised where the Trust has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount allowing for any trade discounts due.
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1.8 Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no critical accounting estimates and areas of judgement to note.
2. INCOME
2.1 The Trust’s main sources of income this year was from donations.
2.2 Overall income for the year decreased from £3,608 to £3,031.
3. EXPENDITURE
3.1 Normal operating costs amounted to £5,818 (£6,020 2020). In addition, Trustees decided a strategic review of the Charity should be undertaken and costs of £5,252 were incurred. Total costs for the year were £11,070 (£6,020 2020).
3.2 As in 2020 the Trustees received no remuneration for their services.
3.3 The Trustees arranged for an Independent Examination to be carried out. No charge was made for the Independent Examination
3.4 The Trust did not incur any fund-raising costs in either 2020-21 or 2019-20.
4. Assets and liabilities
4.1 The Trust’s assets on 31 October 2021 amounted to £44,748 and consisted of funds held with financial institutions (£44,658) and a small amount of petty cash (£90). The trust had no liabilities this year or last.
5. UNRESTRICTED FUNDS
5.1 On 31 October 2021 the Trust’s funds had fallen by £8,038 from £52,786 to £44,748. There are no restricted funds.
6. RELATED PARTY TRANSACTIONS
6.1 Trustees recognised the long and inspiring service to the Church and Charismatic Renewal Movement of Father Eamon Corduff by commissioning a gift of a Sacred Stole with a monetary value of £125. No other transactions with related parties were undertaken which are required to be disclosed under Financial Reporting Standard 102.
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