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2021-03-31-accounts

Charity Registration No. 1173537

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Bishop B Mathew Reverend S Kuriakose Mr X Abraham Reverend A C James Reverend M Pinakkattu (Appointed 7 April 2021) Charity number 1173537 Principal address St Alphonsa Cathedral St Ignatius Presbytery St Ignatius Square Preston PR1 1TT Website www.eparchyofgreatbritain.org Auditor MHA Moore and Smalley Richard House 9 Winckley Square Preston PR1 3HP

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

CONTENTS

Page
Trustees' report 1 - 12
Statement of trustees' responsibilities 13
Independent auditor's report 14 - 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 31

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

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 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)” (October 2019) .

Name of the CIO is Catholic Syro-Malabar Eparchy of Great Britain. For its day to day activities, the CIO is widely known as Syro – Malabar Eparchy. Its Charity Registration No. is 1173537.

Objectives and activities

The constitution of the CIO specifies that the money and property received by the Trustees for the general purposes of the Trust shall be held to apply, both the capital and the income of the Trust Fund, to its objectives. The basis for setting out this constitution is the advancement of Catholic Faith, Christian moral and social principles (beliefs) for the benefit of the public in accordance with the statement of beliefs of the Syro - Malabar Catholic Church in particular and that of the Universal Catholic Church in general.

The detailed objectives and scope of the CIO set out in its constitution can be summarised as follows:

Since the functioning of the charity is getting wider and visible, the above objectives are set to be achieved in a step-by-step manner. The parishes, Missions and Proposed Missions along with Catholic Organisations of the faithful are contributing significantly to the achievement of the objectives. Proper plan is in place to reach out to the needy and vulnerable in the society.

In all of the activities undertaken by the Syro-Malabar Eparchy, the trustees continue to be very grateful for the help provided by so many people, both Clergy and volunteers. The trustees also take the opportunity to thank the members of the many Religious Orders who assist in Parishes, Missions and Proposed Missions. Without the help of so many people, the Eparchy could not carry out all the important work that it currently does.

Public Benefit

The guiding principle of the Charity is, as Jesus said, “you shall love your neighbour as yourself”. Our parishes and Missions and Proposed Missions reach out beyond the Syro-Malabar faithful. Our priests offering chaplaincy services to hospitals, prisons , schools and universities . Our volunteers from the medical profession, Nurses and Doctors, render their services to assist the disabled, in visiting the sick at home and hospital etc. Different special collections are made to support the needy and vulnerable locally, nationally and internationally. The charity forms part of the wider Catholic Church throughout the world and as such participates in the charitable activities of the Universal Church. The trustees believe that they have complied with the duty in Section 17 of the 2011 Charities Act to give due regard to the various guidance notes published by the Commission with regards to Public Benefit.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

To achieve the objectives of the Charity in a time bound manner, the Trustees prepared a five-year plan in November 2017 after consulting with the Custodians (the community leaders), Curia members, Pastoral Consultors, Clergy, Religious and lay faithful representing parishes, Missions and Proposed Missions. This plan identified 5 key focus areas for each year beginning from 1st Sunday of Advent 2017.

  1. The first year was declared as Year of Children, during which the priority was given to the moral and faith formation of the children;

  2. The second year was the Year of Youth, focusing on the reconnection and renewal of a new generation of young people in the life of the Church ;

  3. The third year was The Year of Couples, where the focal point was on family support. Through different events and activities, the year of couples empowered the couples to face challenges and difficulties of family life ;

  4. The fourth year focused on the Families for renewal and strengthening through establishment of smaller groups of families called as Family Units ( Kudumbakootayma ), with the purpose of growing together in faith and fellowship. They are helpful channels for evangelisation and faith formation . Seminars and workshops were arranged in numerous Missions and Proposed Missions and parishes under the leadership of priests in-charge and the voluntary workers so that family units shall become the active link that connects each family to the Parish, and thus to the Holy Church, and thus foster among the parishioners the love and sharing and unity of the first Christian community. Through this the trustees aim at the sanctification of families, the training of children and the ecclesial experience of life and instilling the deep-rooted catholic faith and sacramental life among the parishioners. Moreover, these family units will work for developing the spiritual, social, cultural, and physical abilities and skills of the parishioners and upholding harmony and goodwill among them ;

  5. The fifth year, which will conclude in November 2022, focusses on the Parish Communities. The parishes/Missions and Proposed Missions are the base units for the implementation of these fiveyear plans. A major function of the parishes/missions are the celebration of liturgy. Provision of faith formation goes hand in hand with it. A number of programmes were arranged at this level for the faithful to come closer to the love of Jesus Christ and witness the same to the wider society.

The Eparchial Curia under the leadership of the Bishop, supports, co-ordinates and regulates all activities of the Charity in accordance with its objectives. It supports the activities of the clergy and faithful in the parishes as well as providing financial support for various activities relating to pastoral care and help such as youth formation and activities, religious education, formation of catechists, marriage guidance, family empowerment etc. It maintains the Bishop’s House and Office, Eparchial Finance Office, Eparchial Tribunal and Minor Seminary.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Immaculate Conception Seminary

Trustees have identified that shortage s of clerg y in the Syro-Malabar rite as one of the ongoing major risks. The Immaculate Conception Seminary was inaugurated in November 2017 and is a major step towards address ing this risk. Rev Fr Vargheese Thomas was appointed as the Rector in September 2018 and overall is in-charge of the seminary. Vocation Promotion programmes were conducted, to promote the call to priesthood.

Evangelisation Programmes

Evangelisation is an ongoing process. Th e Evangelisation commission was established to streamline the evangelisation efforts of the Eparchy . In order to radiate a deep faith and a joyful desire to share the Gospel with others in their parish/ missions, the Evangelisation Commission promotes and sponsors Retreats, Bible conventions and prayer meetings throughout the year that are intended to reach out to those who have been away from their faith, and those who desire to deepen their faith.

During the last year the Charity conducted several online seminars , conferences, retreats, youth & women assemblies . The key note programme was Eparchial Evangelisation conference - “Joy of the Gospel”, held on 27th February 2021. Eminent preachers from the Catholic Church joined together in a single online platform and shared their insights and personal experiences. The aim was to spread the message of the Holy Gospel and give its deeper knowledge to the faithful and enable them to live more in faith, hope and charity. Entrance to these programmes were free of charge and was open to all, including other faith/ religion believers and non-believers.

Purchase of Church property by St Mary’s and St Wilfrid’s C hurch Leeds

Recognising the pastoral needs of the growing Syro-Malabar community in Leeds, the Syro-Malabar Eparchy purchased a church in October 2021, after scrutinising various options. This Centre would become a hub for the Syro-Malabar Community in the area, especially for the youth and women to co-ordinate their activities and thus cater to the local community, as a whole.

Major Grants Received

During 2020-21 the Charity was awarded a grant of £133,525 from Historic England, through the Catholic Trust for England & Wales (CaTEW), for the first phase of the roof renovation works of St Alphonsa Cathedral (formerly St Ignatius Church – Grade II listed building) in Preston. Another grant of £296,850 was awarded in Nov 2021 by Historic England through CaTEW for the 2 nd phase of roof renovation works of St Alphonsa Cathedral in Preston .

Youth Activities

(a) Catechesis

For the Catholic Church, Catechesis is the strong foundation for faith formation and for a value-oriented life style based on the Gospel principles. Having that in mind, Trustees have encouraged to start structured catechesis in every Parish, Mission and Proposed Mission. To co-ordinate all the tasks, the Trustees have established a Catechism Commission. The scope of this Commission is to formulate and articulate the curriculum and other pedagogical activities for this purpose, to arrange resources like textbooks, teaching aids, online tools, webinars etc., to identify and recruit resource persons amongst Clergy, Religious, Laity and their training. The Charity has successfully implemented this vision and now almost 95% of the communities under the Charity’s jurisdiction have their own catechesis program. This model was often praised by other Dioceses in the UK and faithful from their communities also showed their interest to join the same.

The Catechesis Department worked tirelessly to provide Catechetical formation to the youngsters throughout the year by setting up Online Catechism classes through Google classroom, for more than 8000 children and with the assistance 1600 voluntary catechesis teachers. The Department has also provided a 5-day online Catechesis Training to all the catechists. To reinforce the young children and adults with the Word of God, the department organised Online Quiz programmes such as “Suvara” for children and adults .

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

(b) SMYM

To promote a generation where the teachings of Jesus Christ is the foundation for building their life strategies, the Trustees had initiated to arrange a platform for the youth beneficiaries of the Eparchy, which resulted in the formation ofSMYM (Syro - Malabar Youth Movement). All programs for the youth are coordinated under SMYM. Thrust was given to reach out to the Syro - Malabar youth Eparchy wide and nurture them on religious, moral and social values, to enable them to be an asset to the wider society and to become model citizens in the future, with a clear outlook for the upliftment of vulnerable and marginalised in the society. This was organised locally as the youth wing at Parish/Mission level. It is a platform for young adults and teenagers above 16 years to gather together and have their own time under the guidance of the priest in charge and animators in-charge, appointed by the priest. They have their own committee to co-ordinate their discussions and conduct different skills enhancement programs. They are very active in the catechetical formation at parish/mission level. Many units conducted one day excursions and pilgrimages with the help of parent groups and other elders. During the lockdown period due to the Pandemic, these youth groups were very active in the online platform to support each other and their wider community. They have arranged regular events online, like quiz programs, singing & dancing programs, cookery shows, theme-based Bible dramas etc. In general, the youth are encouraged to nurture their social values and community living, in the very footing of Catholic teachings.

Centralised training programs were arranged to train the resource persons to conduct the seminars and workshops. As a result, the target group with the help of their parents are made aware of the difficulties and issues of the vulnerable and marginalised around them and by having a strong Christian faith in the background, the need for extending a helping hand to the upliftment of the same. To achieve this objective, Trustees have arranged Marriage Preparation Courses and Parish Level and Eparchy Level Youth Gathering Every Month.

(c) Marriage Preparation Programs

The Trustees believe that in order to achieve the charity’s objectives, promoting family values in the contemporary society is very essential. Having that in mind, the trustees had formulated to conduct Marriage Preparation course, Eparchy wide, as an ongoing program. Young adults, who are willing to have a married life and to form a family are given a deeper insight to core values in the society, especially from a Catholic point of view. Simultaneously, they are introduced to the challenges prevailing in the society, especially in the socio-economic situations of the wider society they live. Trustees have planned to conduct 4 of such programs during a calendar year, going forwards. Since its inception, around 12 courses were conducted benefitting around 500 young adults.

(d) Migrants Support

To offer helping hand and guidance to new people arriving in the UK, especially the Syro-Malabar faithful in Great Britain, the Trustees have opened up a helpdesk directed by the Eparchial Commission for Migrants, thereby allowing them to have a welcoming atmosphere as they arrive. To achieve this aim, t he trustees have set up parish/ Mission level teams for supporting the new migrants and organised an online migrant University students gathering ‘ PEARL GALA’ led by Rev Fr Binoj Mulavarickal on, 28 th March 2021.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

(e) Women’s Forum

The Trustees recognizing the principle that ‘Mother is the first teacher of every human being’, formulated a comprehensive plan which enhances the role of women in the society, especially in the Syro-Malabar community. Women’s forum units were established at parish/mission level and they are given a very important role in the administration and all other activities. Various seminars and retreats were arranged at Parish/mission level and Eparchy level for the enhancement of their skills in various fields, like parenting, employment level, and administrative level etc. In the field of faith formation, their contribution is invaluable. Often, women’s forum act as a platform for the women in their units to come together to share the conflicts they are facing due to different roles they have to play in their life. Women’s Forum at various regions organise day outs, pilgrimages, and community gathering to improve their mut u al bonding, which will be beneficial for the oneness in the communities and thereby the Eparchy. During the pandemic, the Women’s Forum made use of the online platform such as Zoom to conduct various programs like prayer gatherings, fun evenings etc. They are the backbone of many of Eparchy’s charitable programs. Trustees are very grateful to the Women’s forum for their contribution to achieve the objectives of the charity.

Apart from its on activities, the Charity also co-operates/supports other charities in the UK and other Dioceses in the UK & overseas, in the field of evangelisation and youth programs.

FUNDRAISING

Syro–Malabar Eparchy of Great Britain (the charity) is committed to safeguarding and promoting the welfare of the charity and its beneficiaries. The aim of the fundraising policy is to promote a culture of honesty, openness and respect among the donors, beneficiaries and the general public. The Charity does not use external fundraisers, unless otherwise decided by the trustees, allowing for all the faithful to donate, secure in the knowledge that their contributions will be used to enable the Parishes/Mission/Proposed Missions to continue playing a major role in their communities, encompassing buildings, worship, prayer, catechesis and pastoral care.

The Syro-Malabar Eparchy will have fundraising activities at Parish/Mission level, Regional Level and Eparchial Level. Any fundraising activity may be adhered to the objectives set out in the constitution of the charity, the fund raising policy and the regulating legislations of Great Britain.

Fundraising from Vulnerable Persons

All fundraisers must take all reasonable steps with respect and due diligence, while seeking donation from persons in vulnerable circumstances. In addition to the above, they must strictly adhere to the following:-

Complaints Procedure

All complaints and concerns in connection to the fundraising must be dealt with the Complaints Handling Policy of the Syro – Malabar Eparchy.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Financial review

Total income for the period was £1,142,292 (2020: £986,274 ).

Expenditure for the period £789,958 (2020 £874,498).

The net movement in funds is £352,334.

As at 31 March 2021, the charity had total funds of £2,573,685. Of these £1,300,000 were endowment funds and £nil were restricted. The Trustees have designated £83,204 of funds to specific projects.

Free reserves at the end of the period were £612,551.

Covid - 19 pandemic

COVID-19 has had a significant impact on the growth of the Eparchy and its mode of operations. However, the Parish/Mission/Proposed Mission communities continued to address the pressing issues of the communities especially the vulnerable and marginalised. Local Parish/ Mission communities responded to the crisis by setting up of foodbanks etc. with the support of the local parishes and other social groups. Though the pastoral ministry of the Eparchy has been reduced with the restrictions imposed to fight the pandemic, it has not been stopped. Many services have been moved online using streaming platforms and social media and most churches remained open when permitted with all the safety protocols. There has been increased use of “online” or “virtual” methods of contact for a variety of parish/Mission activities and meetings. The Clergy and Volunteers have intensified the efforts to stay in touch with members of the Parish/Mission and to maintain their communities. Many of the Parish/Missions in the Eparchy were able to utilise live streaming of Masses and this has proved extremely popular. The Eparchial Media Commission was entrusted with the task to consider how to utilise live streaming of Masses not just to meet the needs of those who cannot attend, but also as a way of reaching out to other members of the community. The trustees with the support of the clergy and qualified volunteers, provide pastoral accompaniment and emotional support to people suffering with anxiety and stress caused by sudden loss and bereavement, isolation and relationship difficulties.

In all of the above, the safety of clergy and volunteers was considered paramount, and every effort was taken to prevent compromise. While restrictions continue to be necessary the Trustees will continue to monitor the situation and oversee implementation of guidance received as it is issued.

Trustees have identified moderate level risk on the impact of corona virus pandemic in terms of Evangelisation activities and in terms of the cashflow of the Charity, due to the closure/ restricted entry of places of worship, during the lockdown and during the subsequent restrictions declared by the Government. Parishes, Missions and Proposed Missions were advised to promote other means of income generation through online campaigns and making aware of the provisions for regular giving. Trustees have formulated strategies with the help of Eparchial Curia, for conducting online services including celebration of liturgy, youth services, faith formation retreats, seminars and classes, spiritual sharing sessions etc. Psychological and emotional supports were given to those who needed special care.

The trustees are reviewing the charity’s reserves on a regular basis and will seek to build reserves as the charity grows.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Principal Risks and Uncertainties

The Trustees have a formal risk management process to assess risks and implement risk management strategies. This involves the identification of the types of risk faced by the charity, assessing the likelihood and potential impact of occurrence and identifying means of mitigation. Risks have been categorised under five broad headings: Governance, Operational, Financial, External and Compliance. These were then assessed as to the likelihood of their occurring and the severity of the effects of the risk leading to a potential overall impact calculation in order to give a scale of relative importance/urgency to each one.

The implementation of legislation in the areas of Data Protection and Safeguarding are identified as potential risks. To mitigate these risks, Trustees have included expert professional volunteers in the Data protection commission and Safeguarding commission. Trustees have facilitated training programmes across the Eparchy to appoint representatives in Parishes, Missions and Proposed Missions. All the activities are monitored for legal compliance through these representatives and remedial measures have taken accordingly.

The current highest overall adverse impact risks identified are; slow progress in the establishment of parishes and missions; smaller number of available clergy who are expected to undertake more pastoral and administrative responsibilities .. These were identified in the previous years’ report , but continuing still, though significant progress have made.

The Trustees have taken steps to mitigate these risks, by recruiting more priests from overseas, amalgamating Missions and Proposed Missions where possible, and in encouraging collaboration where it is in the best interest of the community the parish/mission serves. It plans to upscale the scope of its internal audit procedures to further mitigate risks.

On-going pandemic situation continues to present moderate risk to the overall operations and growth of the charity. The Trustees believe that the right approach is undertaken by balancing the needs to support the vulnerable, against growth targets .

Plans for the Future

The Charity is thriving to meet the objectives outlined above, in addition to ensuring that the charity continues to meet its statutory obligations. Work is continuing on the formulation of a comprehensive Eparchial Pastoral Plan to ensure that resources are focused on the main themes which have been identified under the Five Year plan. The target groups have been identified and plans & procedures have been drawn for the overall progress in the areas of Evangelisation, Formation, Worship and Sacramental Life, Charity and Social Outreach. These plans have been presented to Clergy and lay leaders, to develop discussions with Religious and Lay faithful in Parishes, Missions and Proposed Missions, and to involve as many people as possible in the process of identifying and delivering the Charity’s objectives in future years. As part of the strategy to increase funding streams for the Charity, for capital and charitable purposes, further work is planned to increase the use of online giving, and to continue to identify projects for government initiated grant funding.

The Charity continues to review the impact of Covid19 and the associated restrictions on parish life and the extent to which new technology can assist in maintaining and furthering the Charity’s mission in a PostCovid 19 environment.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

RESERVES POLICY

The free reserves held by the Charity are those funds that are freely available to be spent in pursuing the Charity’s purpose. Restricted Funds, Designated Funds, Permanent Endowment Funds and Tangible Fixed Assets are not included in free reserves.

Total funds as at 31 March 2021 were £2,573,685. Of this total, £1,300,000 related to the endowment fund, £83,204 to designated funds and £577,930 to fixed assets. The remaining free reserves were £612,551.

The Trustees carefully monitor the level of free reserves of the Charity as part of their long term financial planning which includes it’s primary objective of ongoing Evangelisation programs for the spiritual, mental and social wellbeing of the faithful and the general public. The Trustees consider that the holding of reserve is necessary to provide a buffer against short term fluctuations in income and expenditure and to provide sufficient resources to implement long term projects which are by their nature uncertain in their financial effect. The Finance Office, on behalf of the Trustees, review cash position on a day to day basis to ensure liquid funds are available for routine expenditure.

Structure, governance and management

Catholic Syro-Malabar Eparchy of Great Britain is a Charitable Incorporated Organisation (CIO) constituted by Declaration of a Foundation CIO dated 25 May 2017. The certificated issued by the Charity Commissiondated 22 June 2017, the Catholic Syro-Malabar Eparchy is registered as a body corporate known as Catholic Syro-Malabar Eparchy of Great Britain. All property and assets are vested in the name of the body corporate.

The Eparchy geographically covers whole of England, Wales and Scotland. For the ease of administration, this is further divided in to 8 regions, namely:

  1. Bristol-Cardiff,

  2. Cambridge,

  3. Coventry,

  4. Glasgow,

  5. London,

  6. Manchester,

  7. Preston, and

  8. Southampton.

Each region comprises of Parishes, Missions and Proposed Missions which are headed by Priests and supported by elected lay representatives. The basis for setting out this structure is the advancement of Catholic Faith and Christian beliefs for the benefit of the public in accordance with the statement of beliefs of the Syro - Malabar Catholic Church in particular and that of the Universal Catholic Church in general. Parishes are centers where the Eparchy owns a building and celebration of Holy Mass and administering of sacraments are arranged on a regular basis. Missions and proposed missions are aiming towards this structured organization, where missions are more structured with wider participation than proposed ones, but unlike parishes, both of them do not own a building.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Trustees

The trustees who served during the year and up to the date of signature of the financial statements were: Bishop B Mathew

Reverend S Kuriakose Mr X Abraham Reverend A C James Reverend M Pinakkattu (Appointed 7 April 2021)

The affairs of the charity are governed by the trustees of the CIO. The trustees who served during the year are listed on page 2. Bishop B Mathew and Reverend S Kuriakose were re-appointed as Trustees on 13 February 2021, after serving their initial term of 4 years. This was unanimously agreed by all Trustees during the meeting held on 7 April 2021. Reverend M Pinakkattu was also appointed as a Trustee on 07 April 2021 for a term of 3 years.

The trustees hold meetings on a regular basis to conduct the operations of the charity, to review the matters arising from the various Eparchial Commissions and to drive the core purpose and objectives of the charity, as well as to agree policy and compliance requirements. Other ad hoc meetings are held if required. The Trustees are committed to dealing with all statutory requirements including any concerns raised by the Charity Commission, local authorities etc. New trustees are introduced to their role and responsibilities by the Eparchial Finance Officer at which time relevant Charity Commission literature is issued together with copies of the constitution of the CIO and the latest financial information available. As and when required, trustees attend formal and informal training sessions.

The trustees regulate their functioning in accordance with the of Charity Governance Code published by the Charity Commission in July 2017 as updated.

Key highlights for the current reporting year, are as follows:

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Eparchial Commissions

There are a number of commissions established focusing on various areas, as outlined below:

  1. The Finance Council usually meets on a monthly basis to consider and take major decisions on financial matters. It deals with a multitude of financial and administrative aspects of the work of the Eparchy .

  2. The Bible Apostolate regularly meets to consider and take major decisions on matters relating to promotion of Biblical studies. The Catechesis Commission usually meets twice a year to consider and take major decisions on faith formation.

  3. The Evangelisation Commission usually meets once a month to consider and take major decisions on the evangelisation programmes of the Eparchy.

  4. Women’s Forum meets twice in a month to discuss about organizing events and activities for the integral growth of the women and family.

  5. Family Apostolate usually meets once in a month to reflect on matters concerning family empowerment.

  6. Vocation promotion commission promote the youth for identifying and encouraging Vocations to priesthood and religious life.

  7. The Data Protection (information Governess) Commission oversees the handling of personal data on the basis of the law of the land and the Data Protection policy of the Eparchy.

  8. The Safeguarding Commission is constituted as per the law of the land requires and under the guidance of CSAS.

  9. The Media Commission promotes the activities and teachings of the Church using all forms of media, including the diocesan website, social and print media.

  10. The Property Commission works with the Eparchial Curia and individual parishes, missions and proposed missions, to deal with all property related issues including acquiring new property for the use of communal worshiping etc.

  11. 10 -

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Apart from the above, the Trustees have established a few other commissions catering into certain niche categories in the eparchy, namely : Alter servers, Christian Unity, Faith & Justice, Church Choir, Doctors’ Forum, Family Units, Liturgy, Mission League, Migrants, Savio Friends, Health & Safety, Spiritual Guidance, Youth Apostolate and IT Forum.

The pastoral oversight of the charity is conducted by the Bishop in regular consultation with the Bishop’s Council (Eparchial Curia). This body assists the Bishop in all decisions affecting the life of the Eparchy. The Bishop also undertakes parish/mission/proposed mission visitations and presides over Eparchial events such as the annual Eparchy Day etc.

The Chief Vicar General (Protosyncellus) is responsible for matters relating to the clergy in the Eparchy. Appointments to parishes, missions, proposed missions and other diocesan offices are made by the Bishop in consultation with the Bishop’s Council.

The day to day legal and financial affairs of the charity are administered from the principal office, (known within the Eparchy as the “Curial Office”) by the Eparchial Chancellor and Finance Officer. He is assisted by paid staff and volunteers in the Finance , Property , Human Resources , Communications , Fundraising, Legal and Planning functions.

Eparchial Finance Office is based at the Registered Office. The Eparchial Finance Office is functioning in concurrence with the Finance Council for the execution of the policies laid down by the Finance Council. The Finance Office co-ordinates the central finances and budgets of the Eparchy and supervise & collate accounting procedures of all parishes/missions/proposed missions and deals with all aspects of Gift Aided donations and salaries & allowances.

The Eparchial Tribunal deals with marriage annulment petitions and the office of the Chancellor deals with other Canonical matters.

There is also the Council of Priests called the College of Eparchial Consultors, which meets twice per year with the Bishop to discuss and give advice on a wide range of issues.

At Parish, Mission and Proposed Mission level, the priest in charge is responsible for all aspects of running his unit. Each such unit is required to have a committee which meets regularly to support and advise the priest particularly in the areas of pastoral and finance matters. A comprehensive “Financial and Administration Guidelines” are issued by the Eparchy. These guidelines are updated regularly and is the basis for internal audit. Pastoral Letters, circulars and letters are issued by the Bishop regularly through which policies are communicated to priests covering both liturgical/pastoral and, when required, financial and administrative matters. Further support is also available from the regional directors and the Eparchial Curia.

Data Protection

The Catholic Syro-Malabar Eparchy of Great Britain (CSMEGB), through its Trustees, takes the role of a Data Controller and consequently process all Personal Data (including Special Categories of Personal Data and Personal Sensitive Data) about Data Subjects in compliance with the UK General Data Protection Regulation (UK GDPR), the Data Protection Act 2018 (DPA 2018) and any other relevant data protection legislation, domestic or otherwise. It maintains a roll-on registration with the Information Commissioner’s Office in the UK as a data controller and has an appointed Data Protection Officer in line with UK GDPR requirements. To demonstrate Syro-Malabar eparchy’s on-going compliance, it also maintains a suit of Data Protection/IT Security policies for staff/volunteers to follow.

Safeguarding

The Eparchy follow the Policies and procedures of the Catholic Church of England and Wales. It is functioning as part of the Catholic Safeguarding Standard agency. The policies and procedures are found in the www.catholicsafeguarding.org.uk which includes policy statement, structure and roles, key principles and values, legislative frame work, responding to allegation and concerns, information sharing and data protection, safer recruitment process and safer working practices and creating safer environment. The Eparchy organised several programmes and meetings for the wellbeing of the members of the Eparchy as well as to keep key stakeholders informed. It also formulated a Sub-committee in accordance with the regulation of the Standard Agency. The sub-committee meeting was held several times during the year to evaluate the functioning and progress.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Key management personnel and remuneration

The trustees consider that the Trustees of the CIO, the Vicar Generals, the Chancellor, the Finance Officer, together with the Finance Secretary are the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. None of these are employees of the CIO, except the Finance Secretary. The trustees, except Mr Xavier Abraham, are also functioning clergies of the Eparchy and are entrusted with pastoral services. They receive an allowance as providers of pastoral services. Their role as trustees are voluntary and do not receive any financial benefit of any kind to conduct their responsibilities as trustees of the CIO. Mr Xavier Abraham is also rendering his services voluntarily as a Trustee, and does not receive any financial benefit of any kind.

Details of trustees’& key management personnel’s remuneration; and related party transactions are disclosed in Notes 10 , 11 and 20 (respectively) to the accounts. Trustees are required to disclose all relevant interests and register them with the Finance Officer and in accordance with the CIO’s policy , withdraw from decisions where a conflict of interest arises.

Going Concern

The CIO’s activities, together with the factors likely to affect its future development including the steps taken to tackle the matters arised due to Covid-19 pandemic, principal risks and uncertainties facing the CIO and its availability of unencumbered cash reserves are set out within the Trustees’ Report, in the following pages. Its financial position in terms of the year’s results, its assets and liabilities and movement in cash are set out in the primary financial statements. Though these are the initial years of operation of the CIO, the current cash flow through donations of the faithful and benefactors is a strong basis for its future progress. The Trustees believe that, there are no material uncertainties about the CIO’s ability to continue as a going concern and that it is well placed to manage the potential risks. The Trustees therefore have a reasonable expectation that the CIO has adequate resources to continue its operations for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' r eport was approved by the Board of Trustees.

.............................. Reverend A C James Trustee Dated: ......................... 13/05/2022

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

Opinion

We have audited the financial statements of Catholic Syro-Malabar Eparchy of Great Britain (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) .

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even thought the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed the non-compliance is from the events and transactions reflected in the financial statements, the less likely the audit is to become aware of it or to recognise the non compliance.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: http s :// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

Other matter s

The comparative figures are unaudited as the charity was not in breach of the charity audit thresholds in the year ended 31 March 2020.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nicola Mason (Senior Statutory Auditor)
for and on behalf of MHA Moore and Smalley		 .........................
13/05/2022
Chartered Accountants
Statutory Auditor Richard House
9 Winckley Square
Preston
PR1 3HP

MHA Moore and Smalley is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Restricted Endowment
funds
funds
funds
2021
2021
2021
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
920,455
55,308
-
Charitable activities
4
-
141,079
-
Other trading activities
5
25,450
-
-
Other income
6
-
-
-
Total income and endowments
945,905
196,387
-
Expenditure on:
Charitable activities
7
734,650
55,308
-
Net income / (expenditure)
211,255
141,079
-
Transfers between funds
142,790
(142,790)
-
Net movement in funds
354,045
(1,711)
-
Fund balances at 1 April 2020
919,640
1,711
1,300,000
Fund balances at 31 March 2021
1,273,685
-
1,300,000		 Total
2021
£
975,763
141,079
25,450
-
1,142,292
789,958
352,334
-
352,334
2,221,351
2,573,685		 Total
2020
£
929,845
3,500
51,929
1,000
986,274
874,498
111,776
-
111,776
2,109,575
2,221,351

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

All income and expenditure derive from continuing activities.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
16
Net assets
Funds of the Charity
Endowment fund
Income funds
Restricted funds
17
Unrestricted funds
Designated funds
18
General unrestricted funds
 2021
£
£
1,877,930
109,393
709,246
818,639
(107,884)
710,755
2,588,685
(15,000)
2,573,685
1,300,000
-
83,204
1,190,481
1,273,685
2,573,685

13/05/2022		 2020
£
£
1,723,158
72,522
504,188
576,710
(43,517)
533,193
2,256,351
(35,000)
2,221,351
1,300,000
1,711
99,313
820,327
919,640
2,221,351

The financial statements were approved by the Trustees on .........................

.............................. Reverend A C James Trustee

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

2021
Notes
£
£
Cash flows from operating activities
Cash generated from operations
21
400,125
Investing activities
Purchase of tangible fixed assets
(180,567)
Proceeds on disposal of tangible fixed
assets
-
Net cash used in investing activities
(180,567)
Financing activities
Repayment of borrowings
(14,500)
Net cash used in financing activities
(14,500)
Net increase in cash and cash equivalents
205,058
Cash and cash equivalents at beginning of year
504,188
Cash and cash equivalents at end of year
709,246		 2020
£
(66,855)
1,000
(27,969)		 £
141,186
(65,855)
(27,969)
47,362
456,826
504,188

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Catholic Syro-Malabar Eparchy of Great Britain is a Charitable Incorporated Organisation registered in England and Wales. The registered office is St Alphonsa Cathedral, St Ignatius Presbytery, St Ignatius Square, Preston, PR1 1TT.

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 October 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements have been prepared on a going concern basis and the trustees believe that no material uncertainties exist. The Trustees have considered the impact of the Government response to Covid-19 on the activity of the charity. The Trustees are confident that they can manage the situation. As a result, the Trustees consider that the charity has sufficient reserves to meet liabilities as they fall due for at a period of at least twelve months from the date of signing the accounts and the accounts should therefore continue to be prepared on a going concern basis.

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 Incoming resources

Income 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.

Grants are recognised when the charity is entitled to the income.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on charitable activities comprise the costs incurred by the charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

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:

Freehold land and buildings not depreciated Property improvements 2% p.a. straight line Fixtures and fittings 20% p.a. straight lline

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 net income/(expenditure) for the year.

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.

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.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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.

Key sources of estimation uncertainty

Valuation of land and buildings

The valuation of land and buildings is based on the estimated market value at the time of transfer. It is not considered appropriate to depreciate the land and buildings donated to the Charity given the age and use of the buildings. Property improvements are depreciated based on a estimate of their useful economic life.

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted Restricted Total Total
funds funds
2021 2021 2021 2020
£ £ £ £
Donations and gifts 916,733 55,308 972,041 929,845
Grants received 3,722 - 3,722 -
920,455 55,308 975,763 929,845
For the year ended 31 March 2020 929,845 - 929,845
4 Charitable activities
Grant Grant income
income
2021 2020
£ £
Grant income 141,079 3,500
Historic England 116,726 -
Other grant 24,353 3,500
141,079 3,500
5 Other trading activities
UnrestrictedUnrestricted
funds funds
2021 2020
£ £
Fundraising events 25,450 51,929

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6 Other income

Total Unrestricted
funds
2021
2020
£
£
Net gain on disposal of tangible fixed assets -
1,000

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7 Charitable activities

Staff costs
Depreciation and impairment
Bible convention and seminary
Special events
Donations
Motor and travel costs
Premises costs
General administrative costs
Clergy allowance
Clergy expenditure
Rent and rates
Other charities and Good Friday
Bible art festival/ Grand mission
Pious expenditure
Liturgy/ Catechism costs
Family Apostolate
Professional services
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2020
Unrestricted funds
Restricted funds		 2021
£
20,169
25,795
9,084
16,866
-
40,117
106,935
23,502
215,896
16,873
123,207
-
18,719
140,533
21,994
-
6,488
786,178
3,780
789,958
734,650
55,308
789,958
870,998
3,500
874,498		 2020
£
19,635
11,322
45,173
158,262
30,844
51,535
96,286
45,358
178,029
18,874
97,320
439
13,051
16,117
62,809
16,638
12,806
874,498
-
874,498
870,998
3,500
874,498

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8 Support costs

Support
costs
Governance
costs
£
£
Audit fees
-
3,780
-
3,780
Analysed between
Charitable activities
-
3,780
Auditor's remuneration
The analysis of auditor's remuneration is as follows:
Fees payable to the charity's auditor and associates:
Audit of the charity's annual accounts
Non-audit services
All other non-audit services		 2021
Support
costs
Governance
costs
£
£
£
3,780
-
-
3,780
-
-
3,780
-
-

2021
£
3,780
1,800		 2020
£
-
-
-
2020
£
-
2,520

9 Auditor's remuneration

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No trustees were reimbursed for travel expenses during the year.

11 Employees

Number of employees

The average monthly number of employees during the year was:

2021 2020
Number Number
1 1
Employment costs 2021 2020
£ £
Wages and salaries 19,756 19,243
Other pension costs 413 392
20,169 19,635

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

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

12
Tangible fixed assets
Freehold land
and buildings
Property
improvements
Fixtures and
fittings
£
£
£
Cost
At 1 April 2020
1,300,000
426,179
13,769
Additions
-
175,088
5,479
At 31 March 2021
1,300,000
601,267
19,248
Depreciation and impairment
At 1 April 2020
-
13,991
2,799
Depreciation charged in the year
-
21,901
3,894
At 31 March 2021
-
35,892
6,693
Carrying amount
At 31 March 2021
1,300,000
565,375
12,555
At 31 March 2020
1,300,000
412,188
10,970
13
Debtors
2021
Amounts falling due within one year:
£
Other debtors
48,830
Prepayments and accrued income
60,563
109,393
14
Loans and overdrafts
2021
£
Other loans
25,000
Payable within one year
10,000
Payable after one year
15,000		 Total
£
1,739,948
180,567
1,920,515
16,790
25,795
42,585
1,877,930
1,723,158
2020
£
1,931
70,591
72,522
2020
£
39,500
4,500
35,000

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

15
Creditors: amounts falling due within one year
Borrowings
Other creditors
Accruals and deferred income
16
Creditors: amounts falling due after more than one
year
Borrowings		 2021
£
10,000
5,249
92,635
107,884
2021
£
15,000		 2020
£
4,500
3,052
35,965
43,517
2020
£
35,000

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

17 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 2019
£
Liverpool Council grant
25,000
Roof restoration fund
1,711
Other
-
Funeral fund
-
Treatment fund
-
Historical England
-
VAT recovery on restricted project costs
-
26,711		 Movement in funds
Incoming
resources
Resources
expended
£
£
-
-
-
-
3,500
(3,500)
-
-
-
-
-
-
-
-
3,500
(3,500)		 Transfers
Balance at
1 April 2020
£
£
(25,000)
-
-
1,711
-
-
-
-
-
-
-
-
-
-
(25,000)
1,711		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2021
£
£
£
£
-
-
-
-
-
-
(1,711)
-
-
-
-
-
54,595
(54,595)
-
-
713
(713)
-
-
116,726
-
(116,726)
-
24,353
-
(24,353)
-
196,387
(55,308)
(142,790)
-		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2021
£
£
£
£
-
-
-
-
-
-
(1,711)
-
-
-
-
-
54,595
(54,595)
-
-
713
(713)
-
-
116,726
-
(116,726)
-
24,353
-
(24,353)
-
196,387
(55,308)
(142,790)
-
-

18 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:

Balance at
1 April 2019
£
Evangelisation, bible convention and seminary
289,365
289,365		 Movement in funds
Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
1 April 2020
Incoming
resources
Resources
expended
Balance at
31 March 2021
£
£
£
£
£
£
£
28,802
(68,854)
(150,000)
99,313
11,695
(27,804)
83,204
28,802
(68,854)
(150,000)
99,313
11,695
(27,804)
83,204		 Movement in funds
Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
1 April 2020
Incoming
resources
Resources
expended
Balance at
31 March 2021
£
£
£
£
£
£
£
28,802
(68,854)
(150,000)
99,313
11,695
(27,804)
83,204
28,802
(68,854)
(150,000)
99,313
11,695
(27,804)
83,204
83,204

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

19 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
Endowment
funds
2021
2021
2021
£
£
£
Fund balances at 31 March 2021 are represented
by:
Tangible assets
577,930
-
1,300,000
Current assets/(liabilities)
710,755
-
-
Long term liabilities
(15,000)
-
-
1,273,685
-
1,300,000		 TotalUnrestricted
funds
2021
2020
£
£
1,877,930
423,158
710,755
531,482
(15,000)
(35,000)
2,573,685
919,640		 Restricted
funds
Endowment
funds
2020
2020
£
£
-
1,300,000
1,711
-
-
-
1,711
1,300,000		 Total
2020
£
1,723,158
533,193
(35,000)
2,221,351

CATHOLIC SYRO-MALABAR EPARCHY OF GREAT BRITAIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .

All Trustees, other than Mr X Abraham are practising clergies of the Diocese and receive an allowance for their pastoral services. The Trustees do not receive remuneration for their work as Trustees.

21
Cash generated from operations
Surplus for the year
Adjustments for:
Gain on disposal of tangible fixed assets
Donation of land and buildings
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
Cash generated from/(absorbed by) operations
22
Analysis of changes in net funds
At
Cash at bank and in hand
Loans falling due within one year
Loans falling due after more than one year		 1 April 2020
£
504,188
(4,500)
(35,000)
464,688		 2021
2020
£
£
352,334
111,776
-
(1,000)
-
(1,300,000)
25,795
11,322
(36,871)
(46)
58,867
19,134
400,125
(1,158,814)
Cash flows At 31 March 2021
£
£
205,058
709,246
(5,500)
(10,000)
20,000
(15,000)
219,558
684,246