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2022-03-31-accounts

Charity registration number 1169317

CARITAS DIOCESE OF SHREWSBURY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

CARITAS DIOCESE OF SHREWSBURY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rt Rev Mark Davies (Chair)
Mrs Carol Lawrence
Mrs Anne McMullan
Canon Philip Moor
Mrs Christine Smith
Rev John Fegan
Charity number 1169317
Principal address Caritas Diocese of Shrewsbury
Wheatland Lane
Wallasey
Wirral
Merseyside
CH44 7ED
Independent examiner Simon Evans FCA
Lewis Evans Partnership LLP
The Oaks
3 Village Road
West Kirby
Wirral
CH48 3JN

CARITAS DIOCESE OF SHREWSBURY

CONTENTS

Page
Trustees' report 1 - 9
Independent examiner's report 10
Statement of financial activities 11 - 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15 - 34

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution , the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).

Objectives and activities

Objectives:

The charity’s objects are to further the general charitable works of the Roman Catholic church in accordance with its teaching both in the Diocese of Shrewsbury and elsewhere in the United Kingdom in particular, but not exclusively, by providing services and facilities for the relief of poverty and suffering, the advancement of education, the promotion of social justice including the advancement of human rights and the promotion of religious or racial harmony and other charitable acts which promote the development of individuals and communities for the public benefit, for the benefit of people of all faiths and none.

Aims and Activities:

The charity’s activities are directed to children and young people without the support of families and in need, children, and young people at risk. In addition to children and young people, the charity also aids people with disabilities, the aged, the vulnerable and individuals, families, communities and groups who are in need.

Currently the charity has bases in Wirral, Shrewsbury, Crewe and Wythenshawe where it carries out these

activities.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Use of volunteers:

Volunteers provide much valued additional support and capacity enabling the charity to deliver its aims. During the period volunteers were used to support the work of the Hope Foodbank, our community projects, support for refugees and people seeking asylum, family support work and the general work of Caritas.

- Recovery from the Covid 19 pandemic:

As recognised in the previous financial statements the impact of the Covid-19 pandemic has had significant impact on the charity, both financially and in the delivery of our projects. The Charity has had to adapt with pressures on income through reduced donations and further pressures on the need for our services.

Achievements and performance

Wirral based work

Early Help Service

This year’s work was a temporary contract extension ahead of the new alliance contract that began in 22-23 and which we have been a successful part of with six other local charities. We have worked collaboratively with over 60 partner agencies including all Wirral primary and secondary schools. A strength of our support is the ability to link into our wider Caritas services such as counselling, listening ear sessions, parenting groups and bereavement support. All this ensures families receive the most effective and appropriate support possible by putting together a bespoke plan of help with reachable outcomes.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Impacts of this work include reducing isolation, improving mental health and wellbeing, and growing a happier family life. Quotes from a Mum:

“Thank you so much, you are honestly so kind and I’m really grateful for all your help… I would have definitely struggled without you…I would be lost without you.”

“I’m so glad you are supporting us, I felt no one was listening to me before you. You have just listened and understood our situation without making any judgements. His school made me feel like the worst parent ever, but I know now it was not my parenting, I just needed the right help to understand his needs and use different strategies. It has made such a difference to us all.”

Schools Service

Our services are highly valued by schools as we are able to gain the trust of the children and adults we work with and offer an empathic ear. We help families link in with other services and agencies and are now introducing the new Family Toolbox where families can go online and seek help either digitally or on a face-toface basis.

As a result of our work in schools both families and school staff report feeling supported, heard and informed along with their relationships between each other improving. There is appreciation of our linking in other services and working together for the greater good of all involved. The Caritas Schools Service is highly valued by families and schools alike.

Parenting Programmes

The impact of bespoke Parenting Programmes include:

Caritas Community Support Team are often approached with requests for placements for parents on these courses.

Counselling Service

Caritas continued work throughout the pandemic providing essential Zoom sessions for clients who would otherwise be facing a 9-month waiting list. This has meant that individuals are not isolated or falling deeper into despair. We have received more referrals from an increasing number of sources. This is due mainly to word of mouth and feedback from the many clients who have made great progress in improving their mental health under our service. Caritas counselling service is becoming an essential mental health service for these people as there are very few other options for them.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Serpentine Counselling Service was a pop-up service offer and achieved great results, as more referrals were coming in from the public who saw the various posters placed in the windows of local shops. This has also further promoted not only the Counselling Service but has increased Caritas’ profile in the area as potential clients were made aware of other services provided under the Caritas umbrella.

Bereavement & Loss – Listening Service

Impact

Quote from a client:

“I feel it’s ok to cry and be angry, the pain is still with me but is getting easier”.

Shrewsbury based work

Emotional and Wellbeing Support Project

We have been developing our support for families in the Shrewsbury and Telford area, and are in the process of establishing an office in Shrewsbury town centre. Referrals come from many valued partners, including the SVP, and work covers a range of issues:

We have been active in making links with other charities and networks across Shrewsbury and Telford. Through all this work we have refined our focus onto a new Caritas Mental Health and Listening Support Service. From work so far we know the value and impact of this service includes:

In December 2021 we spoke at six Shrewsbury Masses raising awareness of the Caritas at Christmas Appeal, and collected £1,312.57 in donations.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Manchester based work

Projects with Refugees and People Seeking Asylum

ESOL classes

Quotes from learners:

“I have the best teacher here and I enjoy learning English. I’m so grateful for what I’m getting here. I feel like I belong to a community of wonderful people and I feel understood and that is very important to me. Thank you Caritas for everything.”

"It was good opportunity to improve my English language skills. The environment was great, all necessary facilities were available, teacher was very kind, the class atmosphere was friendly and material was updated, therefore I encouraged many other friends to join this class. Many thanks for all."

Temporary Hotel Accommodation for People Seeking Asylum

Throughout 2021-22 we worked collaboratively with MRSN, Rainbow Haven, GMIAU, Care4Calais, Manchester College and the medical team in a Manchester hotel to deliver a wide range of activities including:

Quote from a recipient:

"I have been in the hotel for 4 months without a cash card. I take the voucher and run to the supermarket to buy cheese, bread, vegetables and fruits for my 3 girls. They don't like the food in the hotel. It's a happy day when we take the voucher"

Hotel based work for Afghan refugees

After rapidly developing emergency work to welcome Afghan refugees we have now been appointed to act as the lead coordinator for the voluntary sector in the 3 hotels housing Afghan refugees in Manchester. We are working with many partners, including City of Sanctuary and The Pankhurst Trust, to deliver activities in each hotel. This builds on our other hotel work and has meant we can support people’s wellbeing and integration.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Community Sponsorship

We have given bespoke and in-depth support to 5 Community Sponsorship groups in different stages of the process of welcoming a refugee family to live in their community. St. Ambrose and St. Vincent’s welcomed a family in 21-22 and the All Saints group have now welcomed a family from Syria. The Our Lady and St. Christopher’s group have accepted a Syrian family having submitted the application form for full approval. The Hazel Grove group have submitted their application form for full approval. The Stockport Methodist group are working to submit stage 1 of their application form.

Wythenshawe Community Groups

SENsitive Group

Over 70 families, parents or carers have engaged with the SENsitive Group during the last 12 months. Almost 50 have attended the support group, workshops or Special Educational Needs and Disabilities (SEND) events organised by the group. Social media membership, mainly parents of children who have SEND, has grown to 372.

SENsitive Campaign: At the end of April 2021 the group made a powerful presentation to the Greater Manchester Mayoral candidates as part of an online assembly before the Mayoral election. Mayoral candidates responded positively to this and the group continues to link with Andy Burnham who was elected about improving SEND services in Greater Manchester. Almost 600 people joined the online assembly with over 100 there supporting the SENsitive campaign.

Support Group and Workshops: In 2022 the group developed its support offer by organising SEND workshops and offering targeted support at its fortnightly meetings. The two half-day workshops on disability rights and EHCP’s attracted 12 and 17 parents respectively. The support group has an average of 8-12 attendees but numbers can be over 20.

Networking and Leadership: The group continues to play an active role in Greater Manchester Citizens with 11 leaders benefitting from training and 4 leaders speaking at assembly events. A strong partnership has been formed with Just Fair and links developed with SEND leaders and organisations across Manchester including two local special needs schools. 14 leaders attended different community organising training delivered by Caritas.

7 leaders have taken up roles, training, or job opportunities thanks to confidence built in the group. This includes specialised SEN and advice training, a community development manager post, 2 school governor roles, and courses to do jobs supporting SEN children.

Mend Minds Group

11 men have engaged in the group, which meets fortnightly. The group maintains regular contact with those still experiencing ‘self-isolation’ through engagement over the internet at the regular gatherings. One man in his 60s who is still recovering from ‘long Covid’ having spent months in hospital said, “It is frustrating that I can’t join you at the group but good that I still feel a part and you haven’t forgotten me! It is good to join in the banter and it helps lift my spirits.”

Nurture Art Programme

This project began in February 2022 and is part of a partnership between Caritas and Dynamic Engagement, a community arts organisation, to bring people together after the pandemic. Foodbank volunteers along with members of the Mend Minds and SENsitive Group have been involved, with 19 people taking part, in making a mosaic art mural for the nature garden. One of the younger men from the Mend Minds Group said; “I love doing the mosaic. I didn’t think I would be any good at it! It’s so relaxing!” The project is funded by Buzz.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Hope Food Bank

After the surge during the height of the pandemic the food bank is now quieter. 22 volunteers are involved with referrals mainly coming from schools, GPs, and the local women’s refuge. On average, the Hope Food Bank receives 20 referrals each month. Volunteers received recognition for their amazing efforts during the pandemic reaching the final of the Manchester Be Proud Awards.

Work across the diocese

Campaigning for social justice

We have continued to speak up for social justice and to try and tackle the root causes of the issues we work to address. We have been active in campaigning on child poverty and for people seeking asylum and refugees, through national coalitions and networks especially the Caritas Social Action Network (CSAN).

Our campaigning as part of a broad national coalition of groups on the Government’s £20 uplift to Universal Credit led to a 6-month extension of this vital support. We have spoken out as one of the over 400 organisations in the Together With Refugees coalition about our grave concerns around the Government’s cruel new Nationality and Borders Act and will continue to call for a fair, kind and more effective approach to supporting refugees. If you would like to become a campaign volunteer please do get in touch.

Values based awareness raising

This year we piloted a new Together for the Common Good (T4G) course on Catholic Social Teaching in Wythenshawe and Hoylake to connect and inspire supporters around the values that underpin our work. Trustee John Fegan shares some of the highlights of the course and the evolving relationship between the parish, Caritas and T4G:

Partnership working

This year we have seen generous and increased support from individuals, parishes, schools and grant makers. Online donations have been introduced successfully and Caritas at Christmas raised its highest annual total as an appeal. We have been successful with more grant funding than ever and also seen two different councils supporting our work and a significant increase in partners paying for our diverse and much needed services.

Community Impact and Future Support Issues

As the recovery from the Covid pandemic has started to take shape it has become very clear that the continued need of support to our communities is only going to increase. The emerging cost of living crisis is going to increase anxiety around financial stability for families. There are also long-term support needs around mental wellbeing as individuals and families begin to readjust to “normality” after a long period of isolation. Global events have brought an increased need for refugee support with the collapse of the Afghan Government and the war in Ukraine.

It is important to recognise the effort undertaken by our staff who have worked outside their normal hours to assist those in crisis. We are also extremely grateful to all our volunteers who have enabled us to develop our services and deliver locally based projects, especially during such challenging times. It is rewarding to reflect on the fact that Caritas has risen to these challenges and is such a valued friend and support to those in the most vulnerable situations.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

It was recognised at the onset of the global pandemic that the Charity would be facing a challenging financial period as the impact of lockdown placed a restriction on the charity's ability to collect regular donations, as these are driven primarily through the churches. It was also recognised that there would be an increased demand upon the services offered to our communities and additional need around financial support.

The Charity had built a solid foundation of reserves from the continued funding from Shrewsbury Roman Catholic Diocesan Trust’s – Our Mission Together, this funding continued throughout the current period.

As part of the critical planning highlighted in the previous financial statements, the Charity has continued to obtain alternative financial support to cover the loss of donations through grants from several sources, to support the ongoing costs of support and administrative staff but also the identified community need for a crisis fund, this support and need is now expected to continue well beyond the next financial year.

Other regular income during the period arose from our Caritas at Christmas and Good Shepherd Lent Appeals; generous parish donations, including funds donated from parishioners who have boxes for loose change that are collected regularly; our Wirral Council contract for early help work; from providing family support services to schools; and from events held during the year.

Support from the Shrewsbury Roman Catholic Diocesan Trust through its Our Mission Together fund has offered additional financial support beyond its existing timeframe to continue to build the charity and its activities during this difficult period.

The largest cost remained staff costs for those delivering the services of the charity. After establishing a good reserve position and continued careful expansion of staffing plans to meet the objectives of the charity the charity has been able to improve the reserves position to support and expand future operations. The Trustees are therefore satisfied that the charity is a going concern.

Reserves policy

The Trustees have set an initial reserves policy of 5% of income as a suitable level from 1 April 2017. Although the Charity has managed to meet its reserve policy it is also recognised that the ongoing recovery from the pandemic, and uncertainty around income coupled with the cost-of-living crisis, the current reserve policy of attaining 5% of income will be removed until such time as these threats lessen.

The opening of the Crewe facilities is expected to increase the overall operational expenses whilst the charity identifies suitable funding streams for the area, therefore it is expected that the financial period ending March 2023 will utilise unrestricted reserves in the short term to finance its growth.

Risk Management

The Trustees have in place a risk management process to access risks to which the Charity is exposed, those relating to operational and financial risk. This involves assessing the likelihood and potential impact of occurrence and identifying means of mitigation. Financial risks to the Charity have been highlighted throughout the trustee report, operational risks to safeguarding children and vulnerable adults are reviewed and updated every year and have been tested by external review through local authority bodies throughout the Charity's work.

CARITAS DIOCESE OF SHREWSBURY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Future Plans

The next years’ priorities are:

Our 2023 plans will need to be flexible, but we know that our work will be more crucial than ever, and we are committed to expanding the range and the reach of our support and services for families and communities across the Diocese. We welcome contact from everyone interested in our work, to find out how to get more involved in any way and help us connect Caritas to their parish or school.

Structure, governance and management

The charity is a Charitable Incorporated Organisation governed by a constitution. The affairs of the Charity are governed by the Trustees under the chairmanship of the Bishop. All Trustees are appointed and removed in accordance with the constitution. The Board consists of two clergy and four laity of the faithful. The clergy Trustees are appointed for their expertise in parochial, spiritual and pastoral matters. The lay Trustees are selected for their skills and experience in charities, business, management and property. Further lay trustees would be chosen to match any perceived skill requirement. New Trustees are provided with the terms of reference and a pack of information relating to the constitution, governance and operation of the Trust.

The trustees who served during the year were:

Rt Rev Mark Davies (Chair) Mrs Carol Lawrence Mrs Anne McMullan Canon Philip Moor Mr Michael Redfearn (Resigned 10 November 2021) Mrs Christine Smith Rev John Fegan

If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

CARITAS DIOCESE OF SHREWSBURY TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 re Govemance and ment.. The Irvstees meet on a quarterly basis: with day-IcHlay management of the tharity being delegated lo the Chief Executive, Ben GilchrisL Between meetings, Mr Gikhrisl has wular support from one of the Iruslees, provides financial expertise and support. In order to ensure that the Trustees have Ihe necessary up to date knowfedge lo govwn the Charity. the Chair of Trustees is to insligale a programme of trustee training. delivered by suitaw qualified and expèrienced individuals. nn The Bishop of the Diocese is Chair of Shrewsbury Roman Catholic Di¢xe5an Ttusl charity number 234025 and the Council of Management of The CatholiG Chiklfen's. Soaety Ishrewsbury Diocese) Incorpoiated, charity numbe¥ 509793, company numbw 01400367. Caritas a¢qvired rnosl ol the assels and urtdertakings of the Catholic Children's Society in De¢ember 2016 when rt began to operate. Both charities have the use of property belonging to the Diocese of Shrewsbury for thi¢h no tharge is rn3de_ $lees' report was approved by Ihe Board of Twslees. Mrs Carol Lawr•nc• Trustee Dated.

CARITAS DIOCESE OF SHREWSBURY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2022
2022
2022
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
330,931
9,536
93,367
Charitable activities
4
57,714
18,550
87,673
Investments
5
80
-
-
Other income
6
2,064
-
-
Total income
390,789
28,086
181,040
Expenditure on:
Raising funds
7
694
-
-
Charitable activities
8
351,286
18,763
154,439
Total expenditure
351,980
18,763
154,439
Net incoming resources before transfers
38,809
9,323
26,601		 Total Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2022
2021
2021
2021
£
£
£
£
433,834
285,813
21,775
169,994
163,937
50,857
-
89,564
80
786
-
-
2,064
-
-
-
599,915
337,456
21,775
259,558
694
359
-
-
524,488
307,261
20,545
190,361
525,182
307,620
20,545
190,361
74,733
29,836
1,230
69,197		 Total
2021
£
477,582
140,421
786
-
618,789
359
518,167
518,526
100,263

CARITAS DIOCESE OF SHREWSBURY

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2022
2022
2022
Notes
£
£
£
Net incoming resources before transfers
38,809
9,323
26,601
Gross transfers between funds
2,294
-
(2,294)
Net income for the year/
Net movement in funds
41,103
9,323
24,307
Fund balances at 1 April 2021
218,035
2,858
565,658
Fund balances at 31 March 2022
259,138
12,181
589,965		 Total Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2022
2021
2021
2021
£
£
£
£
74,733
29,836
1,230
69,197
-
53,711
1,628
(55,339)
74,733
83,547
2,858
13,858
786,551
134,488
-
551,800
861,284
218,035
2,858
565,658		 Total
2021
£
100,263
-
100,263
686,288
786,551

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

CARITAS DIOCESE OF SHREWSBURY STATEMENT OF FINANCIAL POSITION AS A T 31 MARCH 2022 2022 2021 Not•s Fixed assèts Tangible assets 13 278,924 9,809 Current assets Deblo Cash al bank and in hanil 14 10.652 661.884 3.524 837,508 672.536 841,032 Cradifvr&- amounts falling due wlthln orva year 15 (90,176} 164,2901 Nel current assets 582,360 776,742 Tolal a$sgts less current Ilablliti•s 861.284 786,551 In¢ome funds Reslricted funds nreslricted fun Designated fvnds General unrestrietéd fund5 16 589.965 565,658 17 12.181 259,138 2,858 218.035 271.319 220.893 861,284 786.551 nancial statements were appioved by the Trustees on ........ ..... .......... rs Carol Lawrence Trustte 13-

CARITAS DIOCESE OF SHREWSBURY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

2022
Notes
£
£
Cash flows from operating activities
Cash generated from operations
21
100,167
Investing activities
Purchase of tangible fixed assets
(275,871)
Investment income received
80
Net cash used in investing activities
(275,791)
Net cash used in financing activities
-
Net (decrease)/increase in cash and cash
equivalents
(175,624)
Cash and cash equivalents at beginning of year
837,508
Cash and cash equivalents at end of year
661,884		 2021
£
(6,916)
786		 £
162,889
(6,130)
-
156,759
680,749
837,508

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Caritas Diocese of Shrewsbury is a Charitable Incorporated Organisation ('CIO') registered in England and Wales and the governing constitution is dated 22 September 2016. The address is Caritas Diocese of Shrewsbury, Wheatland Lane, Wallasey, Wirral, Merseyside CH44 7ED.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income derived from activity and grants is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33% on cost Office equipment 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
general d esignated
2022
2022
2022
£
£
£
Donations and gifts
64,618
9,536
-
Legacies receivable
10,150
-
-
Grants receivable
256,163
-
93,367
330,931
9,536
93,367
Donations and gifts
Funding Bodies - Mary Strand Trust
25,000
-
-
Caritas at Christmas
-
9,536
-
Good Shepherd
3,453
-
-
Crib Offerings
10,578
-
-
Collection Boxes
7,522
-
-
Donations
18,065
-
-
64,618
9,536
-		 TotalUnrestricted Unrestricted
Restricted
funds
funds
funds
general
d esignated
2022
2021
2021
2021
£
£
£
£
74,154
26,555
8,475
-
10,150
565
-
-
349,530
258,693
13,300
169,994
433,834
285,813
21,775
169,994
25,000
-
-
-
9,536
-
8,475
-
3,453
1,808
-
-
10,578
7,162
-
-
7,522
6,714
-
-
18,065
10,871
-
-
74,154
26,555
8,475
-		 Total
2021
£
35,030
565
441,987
477,582
-
8,475
1,808
7,162
6,714
10,871
35,030

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

3
Donations and legacies
Grants receivable for core activities
Our Mission Together
Community Projects Wirral
Community Projects Wythenshawe
SENsitive Group income
Gubay Foundation - Crisis Fund
National Lottery - Coronavirus Community Support
CAF - Charity Resilience
Smallwood Trust - Refugee Project
Other Grants applied to Refugee & Well Projects
Wirral Borough Council - Covid 19 Support Grants
Other		 250,000
-
-
-
-
-
-
-
-
-
6,163
256,163		 -
-
-
-
-
-
-
-
-
-
-
-		 -
27,761
2,500
7,994
20,000
-
-
-
31,612
-
3,500
93,367		 250,000
27,761
2,500
7,994
20,000
-
-
-
31,612
-
9,663
349,530		 250,000
-
-
-
-
-
-
-
-
-
8,693
258,693		 -
-
-
-
-
-
-
-
-
13,300
-
13,300		 (Continued)
-
250,000
-
-
-
-
-
-
62,300
62,300
47,310
47,310
21,170
21,170
19,273
19,273
16,341
16,341
-
13,300
3,600
12,293
169,994
441,987

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

(Continued)

Our Mission Together – Support from the Diocese of Shrewsbury

Community Projects Wirral – Restricted funds to deliver support to people who need to build up their mental well-being.

Community Projects Wythenshawe – Restricted funds to support the most vulnerable in Manchester.

SENsitive Group income – The SENsitive Support and Campaign Group a group of parents and carers with children with special educational needs.

Gubay Foundation – Restricted funds to support most vulnerable with financial aid towards food, energy costs and white goods. They also provided the charity with some staffing costs to compensate for the reduction in donations. Further funds of £20,000 was provided to support most vulnerable with financial aid to support the most vulnerable with financial aid towards food and white goods.

Wirral BC – Provided funds to extend the reach of the Gubay Foundation funding, with the limitation of support to vulnerable people on the Wirral.

National Lottery – Restricted funds to support the most vulnerable with financial aid towards food and other financial support (clothes – excluding any energy costs support. They also provided the charity with some salary costs and resources after covid.

CAF – Charity Resilience – To cover salary cost and supervision/overhead for mental wellbeing support.

Smallwood Trust – Refugee project - To cover staffing cost, overheads and activities for the Well project supporting refugees for mental wellbeing support.

Other unrestricted income above included £7,393 of Coronavirus job retention scheme funding and other restricted income of £3,600 is in relation to Mend Minds

Other Grants applied to Refugee and Well project - £31,612 restricted to Refugees and Well Project – Covering staff cost and supporting refugees and people seeking asylum to help them integrate into the community and for their mental well-being. Grants from Manchester City Council, Caritas Diocese of Salford, Rainbow Haven and All Churches Trust.

£6,163 Manchester City Council grant to support Caritas during Covid and restricted funds of £3,500 to support the most venerable people with food, support people who have mental health issues and young people with autism and parents of children with special needs.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

Family Support Services income
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds		 Schools
Family
Support
Community
Matters
Project
Community
Support Fund
Designated
£
£
£
87,673
57,714
18,550
-
57,714
-
-
-
18,550
87,673
-
-
87,673
57,714
18,550		 Total
2022
£
163,937
57,714
18,550
87,673
163,937		 Total
2021
£
140,421

For the year ended 31 March 2021

Family Support Services income
Analysis by fund
Unrestricted funds - general
Restricted funds		 Schools
Family
Support
Community
Matters
Project
£
£
89,564
50,857
-
50,857
89,564
-
89,564
50,857		 Total
2022
£
140,421
50,857
89,564
140,421

5 Investments

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Interest receivable 80 786

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6 Other income

7 Unrestricted
funds
general
2022
£
Room hire
2,064
Raising funds
2022
£
Fundraising and publicity
Other fundraising costs
694
694		 Total
2021
£
-
2021
£
359
359

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Staff costs
Volunteer expenses
Support Officer staff recharges from The Catholic Children's Society
Welfare activity
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
For the year ended 31 March 2021
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds		 2022
£
229,795
234
28,726
64,527
323,282
195,990
5,216
524,488
351,286
18,763
154,439
524,488		 2021
£
115,017
1,750
25,467
107,202
249,436
265,696
3,035
518,167
307,261
20,545
190,361
518,167

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Description of charitable activities

Schools Service

Our help is far reaching, as by working with children in schools and their parent/s or carers at home we are able to help the whole family, in some cases extended family too. This takes the pressure off schools, assisting with outcomes that are more positive for all involved.

A school may ask us to provide listening ear support to one child they feel is struggling emotionally in class only for us to find through our own assessment and engagement, that there’s more going on behind the scenes at home, for example:

This helps parents to develop their own coping skills, enabling them to move forward and reach goals, empowering rather than rescuing them. Building upon their confidence and self-esteem, giving them courage to take a lead and move forward themselves.

Parenting Programmes

Parenting Programmes help adults to understand and manage feelings/behaviours, enabling them to become more positive and nurturing in their relationships with children and each other. It encourages an approach to relationships that gives children and adults of all ages, an emotionally healthy start for their lives and learning. As a community support service, the team at Caritas facilitate parenting groups and if needed, work on a one-to-one basis for those parents who cannot attend a group. Caritas are inclusive and classes are open to all.

Early Help Service

Families come into our Early Help Service for a wide range of reasons, including;

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9 Description of charitable activities

(Continued)

Counselling Service

As we are coming out of lockdown Caritas have noted an uptake in referrals with clients suffering with more severe mental health issues, this is due in part, to the isolation some individuals have had to endure, they have been given time on their own to reflect on their own stories and analyse the various traumas they have suffered through their lives, which has only helped to increase anxieties and feelings of trauma. Caritas’ Cognitive Behavioural Therapy (CBT) therapist has noted an increasing number of clients who are self harming and have attempted suicide.

Bereavement & Loss – Listening Service

We offer a listening ear without judgement immediately after loss or bereavement. To open up to others and let them in and talk about their struggles can be very scary so we provide a safe place where clients can talk freely about their fears and worries. Grief is recognised as a process and range of emotions people go through as they gradually adjust to their loss. Feelings of grief also happen regarding other types of loss such as the end of relationships, the loss of a job, moving house to a new area or decline in physical and mental health of someone you love.

Refugees and People Seeking Asylum

Our English classes have been running online and face-to-face at the St. Aidan’s Centre with referrals from partner organisations. ESOL classes are supported by an amazing and dedicated group of volunteers who deliver two-hour sessions every week.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10
Support costs
Support
costs
Governance
costs
£
£
Staff costs
109,719
-
Depreciation
6,755
-
Support salary costs
recharged from The
Catholic Children's
Society
29,118
-
Travel and subsistence
6,925
-
Other staff costs
3,652
-
Rent, rates and utilities
6,681
-
Repairs and
maintenance
6,062
-
Other building and office
costs
7,528
-
Computer and IT costs
6,234
-
Telephone costs
7,025
-
Printing, postage and
stationery
2,408
-
Other support costs
3,883
-
Examination/Audit fees
-
1,500
Accountancy
-
1,500
Legal and professional
-
2,216
195,990
5,216
Analysed between
Charitable activities
195,990
5,216		 2022
£
109,719
6,755
29,118
6,925
3,652
6,681
6,062
7,528
6,234
7,025
2,408
3,883
1,500
1,500
2,216
201,206
201,206		 Support
costs
Governance
costs
£
£
172,878
-
9,016
-
24,636
-
3,114
-
17,632
-
6,365
-
3,556
-
7,515
-
5,792
-
6,758
-
4,166
-
4,268
-
-
1,500
-
1,500
-
35
265,696
3,035
265,696
3,035		 2021
£
172,878
9,016
24,636
3,114
17,632
6,365
3,556
7,515
5,792
6,758
4,166
4,268
1,500
1,500
35
268,731
268,731

All support costs have been allocated to charitable activities as they are incurred to support and further our core charitable activities.

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Employees

The average monthly number of employees during the year was:

Charitable activities
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
12
2022
£
325,286
9,639
4,589
339,514		 2021
Number
13
2021
£
267,266
15,111
5,518
287,895

Two employees of The Catholic Children's Society (Shrewsbury Diocese) Inc are seconded to Caritas.

In addition to the direct employment costs above, there were recharges of £57,844 (2021: £50,103) during the period from The Catholic Children's Society (Shrewsbury Diocese) Inc in respect of the staff seconded to Caritas. Of this amount, £28,726 (2021: £25,467) is included in charitable activities (see note 9) and £29,118 (2021: £24,636) is included support costs.

There were no employees whose annual remuneration was £60,000 or more.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

13 Tangible fixed assets

Assets under
construction
Fixtures and
fittings
Office
equipment
£
£
£
Cost
At 1 April 2021
-
15,788
23,726
Additions
272,853
-
3,018
At 31 March 2022
272,853
15,788
26,744
Depreciation and impairment
At 1 April 2021
-
11,054
18,651
Depreciation charged in the year
-
2,447
4,309
At 31 March 2022
-
13,501
22,960
Carrying amount
At 31 March 2022
272,853
2,287
3,784
At 31 March 2021
-
4,734
5,075		 Total
£
39,514
275,871
315,385
29,705
6,756
36,461
278,924
9,809

Property under construction, represents the functional property that utilises the restricted funds arising from grants received from the Denise Coates Foundation of £545,000. The property is being built in conjunction with the Shrewsbury Roman Catholic Diocesan Trust, who are the landowners and providers of the balancing funds for the building.

14 Debtors

Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 2022
£
2,124
8,528
10,652		 2021
£
1,777
1,747
3,524

15 Creditors: amounts falling due within one year

Other taxation and social security
Deferred income
Other creditors
Accruals		 2022
£
9,193
28,583
48,404
3,996
90,176		 2021
£
8,799
33,833
12,044
9,614
64,290

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2020

£
School Support - Wirral
-
School Support - Wythenshawe
-
School Support - Shrewsbury
-
Refugee Support / Well Project -
Wythenshawe
1,812
Wythenshawe - Redecoration Project
5,485
Crewe Project - New Caritas support centre
542,525
Community Support Fund (moved to
designated funds)
1,978
Charity Resilience Fund - Wirral
-
Community Projects - Wythenshawe
-
Carers Together - Wythenshawe
-
Mend Minds - Wythenshawe
-
Gubay Crisis Fund
-
Community Projects - Wirral
-
SENsitive Group
-
551,800		 Movement in funds
Incoming
resources
Resources
expended
£
£
57,453
(48,296)
14,400
(11,622)
17,711
(14,136)
35,614
(24,224)
-
-
-
-
-
-
21,170
(19,035)
-
(3,000)
-
(112)
3,600
(272)
62,300
(44,458)
47,310
(25,204)
-
-
259,558
(190,359)		 Transfers
Balance at
1 April 2021

£
£
(9,157)
-
(2,778)
-
(3,575)
-
(2,870)
10,332
(4,151)
1,334
-
542,525
(1,978)
-
(2,120)
15
3,000
-
867
755
731
4,059
(11,204)
6,638
(22,106)
-
-
-
(55,341)
565,658		 Movement in funds
Incoming
resources
Resources
expended
£
£
62,926
(61,240)
10,317
(7,784)
14,430
(8,115)
31,612
(28,604)
-
-
-
-
-
-
-
-
2,500
(4,549)
-
(755)
3,500
(1,102)
20,000
(26,638)
27,761
(13,403)
7,994
(2,249)
181,040
(154,439)		 Transfers
Balance at
31 March 2022
£
£
(1,686)
-
(2,533)
-
(6,315)
-
-
13,340
-
1,334
-
542,525
-
-
(15)
-
2,552
503
-
-
(650)
5,807
-
-
8,373
22,731
(2,020)
3,725
(2,294)
589,965

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

16 Restricted funds

(Continued)

Funds received relating to school support services in a specific are treated as restricted, they include a provision for direct activity and some overhead recovery.

Grant income donated for a specific purpose is also treated as restricted in a separate fund

Gubay Foundation – Restricted funds to support most vulnerable with financial aid towards food, and white goods.

Wirral BC – Provided funds to extend the reach of the Gubay Foundation funding, with the limitation of support to vulnerable people on the Wirral.

National Lottery – Restricted funds to support the most vulnerable with financial aid towards food and other financial support (clothes – excluding any energy costs support ) . They also provided the charity with some salary costs and resources after covid.

CAF – Charity Resilience – To cover salary cost and supervision/overhead for mental wellbeing support.

Smallwood Trust – Refugee project - To cover staffing cost, overheads and activities for the Well project supporting refugees for mental wellbeing support.

Other restricted income of £3,600 is in relation to Mend Minds

Other Grants applied to Refugee and Well project - -£31,612 restricted to Refugees and Well Project – Covering staff cost and supporting refugees and people seeking asylum to help them integrate into the community and for their mental well-being. Grants from Manchester City Council, Caritas Diocese of Salford, Rainbow Haven and All Churches Trust.

£3,500 to support the most venerable people with food, support people who have mental health issues and young people with autism and parents of children with special needs.

Funds received from the Denise Coates Foundation in prior year s have been received specifically for the building of a new centre in Crewe and as such treated as restricted.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming Resources Transfers Balance at Incoming Resources Balance at
resources expended 1 April 2021 resources expended
31		 March 2022
£ £ £ £ £ £ £
Community
Support Fund 21,775 (20,545) 1,628 2,858 28,086 (18,763) 12,181
21,775 (20,545) 1,628 2,858 28,086 (18,763) 12,181

The Community Support Fund – This fund is designed to support those most in need at the most demanding time of year.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18
Analysis of net assets between funds
Unrestricted Designated
Restricted
2022
2022
2022
£
£
£
Fund balances at 31 March 2022 are represented
by:
Tangible assets
6,071
-
272,853
Current assets/(liabilities)
253,067
12,181
317,112
259,138
12,181
589,965		 TotalUnrestricted Designated
Restricted
2022
2021
2021
2021
£
£
£
£
278,924
9,809
-
-
582,360
208,226
2,858
565,658
861,284
218,035
2,858
565,658		 Total
2021
£
9,809
776,742
786,551

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

19 Financial commitments, guarantees and contingent liabilities

Financial commitments for Caritas are in respect of the building of the Caritas hub in Crewe utilising the restricted reserves provided by DCF, totalling £269,692. This commitment is limited to the value of the fund any overspend will be made by the Shrewsbury Roman Catholic Diocesan Trust.

20 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel, excluding employer pension contributions, is as follows.

2022 2021
£ £
Aggregate compensation 104,765 79,952

Transactions with related parties

Seconded staff payments
2022 2021
£ £
Entities with control, joint control or significant influence over the company 57,844 50,103
57,844 50,103

Staff secondment and other costs were recharged in the period from The Catholic Children's Society (Shrewsbury Diocese) Inc. Caritas has made direct salary and associated payments in respect of the seconded staff.

At the end of the period, a creditor of £36,562 (2021: Debtor of £1,121) was due from the charity to The Catholic Children's Society (Shrewsbury Diocese) Inc.

The £250,000 grant income received for Our Mission Together (see note 3) is from the Shrewsbury Roman Catholic Diocesan Trust, which is a related charity.

Short-term loan funding of £150,000 (2021: £270,000) has been provided to the Shrewsbury Roman Catholic Diocesan Trust during the year and £Nil (2021: £Nil) is included in debtors at the year-end. The loans were interest fee and fully repaid within 7 days.

Caritas and the Shrewsbury Roman Catholic Diocesan Trust are engaged in a shared property build. The total value of the contract was £795,000, and currently incomplete at time of reporting. Caritas is providing £545,000 towards the project and Shrewsbury Roman Catholic Diocesan Trust are providing the land and the balancing required funding. At the year-end the amounts invested in the property totalled £395,316 – Caritas £272,853 and Shrewsbury Roman Catholic Diocesan Trust £122,463.

CARITAS DIOCESE OF SHREWSBURY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

21
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Cash generated from operations
22
Analysis of changes in net funds
The charity had no debt during the year.		 2022
£
74,733
(80)
6,755
(7,128)
31,137
(5,250)
100,167		 2021
£
100,263
(786)
9,016
53,545
(440)
1,291
162,889