## **World Apostolate of Fatima (England & Wales)**
**Trustees' report and financial statements for the year ended 31 March 2024 Charity number: 1198986**
## **Barnett Ravenscroft Limited**
Chartered Accountants 13 Portland Road Edgbaston Birmingham B16 9HN
## **World Apostolate of Fatima (England & Wales)**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|**1**|
|Trustees report|**2 - 4**|
|Independent examiners' report|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8 - 13**|
## **World Apostolate of Fatima (England & Wales)**
## **Legal and administrative information**
|**Charity number**|1198986|
|---|---|
|**Trustees**|Jerry Rivera|
||Patrick Cunningham|
||Oonagh M.E. Pittam|
||Stephanie M. Hayward|
||Jerlito B. Paler|
||Donal A. Foley|
|**Independent Reviewer**|Barnett Ravenscroft Limited|
||13 Portland Road|
||Edgbaston|
||Birmingham|
||B16 9HN|
**Page 1**
## **World Apostolate of Fatima (England & Wales)**
## **Report of the Trustees for the year ended 31 March 2024**
The charity was registered on 17 May 2022
The trustees have the pleasure in presenting their report and the financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP 2019) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts 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 published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 Februay 2016).
## **Structure, Governance and Management**
## **Objectives and activities**
To advance the Catholic Faith for the benefit of the public by the promotion of the authentic teaching of the Catholic Faith and in particular the message of Fatima by : Distrubuting literature, newsletters and DVD's and arranging talks and visits to Cathedrals and Churches that promote the message of our Lady of Fatima, encouraging personal and shared prayers and devotions and operating home rosary groups and organising an annual pilgrimage to Fatima.
## **Trustees and committee members**
Their are six trustees of the charity who help and provide voluntary support to the running of the charity. The trustees are as follows :-
Jerry Rivera Patrick Cunningham Oonagh M.E. Pittam Stephanie M. Hayward Jerlito B. Paler Donal A. Foley
## **Organisation**
The trustees are responsible for the management of the charity and an administrator who oversees the day to day running support when required by the committee members.
There are no administrative costs incurred by the trustees as all service and support is voluntary.
## **Risk**
The trustees continually assess the risks to which the Charity is exposed, in particular those related to the staging of events and other fundraising initiatives. They are satisfied that there are systems in place to manage exposure to major risk.
**Page 2**
## **World Apostolate of Fatima (England & Wales)**
## **Report of the Trustees**
**for the year ended 31 March 2024**
## **Charitable Mission**
## **Donations**
Supporters make voluntary donations in various ways.
## **Acheivments and Performance**
During the year the charity has continued to receive donations and support.
## **Financial Review**
These accounts show a positive financial position, and in line with the trustee's charitable objectives.
## **The Trustees**
The trustees who served the charity during the year are as follows:-
Jerry Rivera Patrick Cunningham Oonagh M.E. Pittam Stephanie M. Hayward Jerlito B. Paler Donal A. Foley
**Page 3**
## **World Apostolate of Fatima (England & Wales)**
## **Report of the Trustees**
## **for the year ended 31 March 2024**
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Annual 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 & 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 period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe methods and principles in the Charities SORP 2019 (FRS102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper 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 Charities (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
B. Eley FCA is the appointed independent reviewer to the charity by the trustees.
This report was approved by the trustees on 17 September 2024 and signed on behalf of the board by
**Jerry Rivera Trustee**
**Patrick Cunningham Trustee**
**Page 4**
## **World Apostolate of Fatima (England & Wales)**
## **Independent examiner's report to the Trustees on the unaudited financial statements of World Apostolate of Fatima (England & Wales).**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 13.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts, in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under Section 145 of the Act, and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioners under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving cause to believe that in any respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not the matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
........................................................... **Ben Eley FCA 13 Portland Road Independent examiner Edgbaston For and behalf of Barnett Ravenscroft Limited Birmingham Chartered Accountants B16 9HN**
## **17 September 2024**
**Page 5**
## **World Apostolate of Fatima (England & Wales)**
## **Statement of financial activities**
## **For the year ended 31 March 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Income and endowments from:**
Donations
2
18,910
Interest received
3
184
Other incoming resources
4
39,846
**Total income and endowments**
58,940
**Expenditure on:**
Governance costs and other expenses
5
47,182
**Total charitable expenditure**
47,182
**Net movement in funds**
11,758
Total funds brought forward
74,340
**Total funds carried forward**
86,098|**2024**
**Total**
**£**
18,910
184
39,846
58,940
47,182
47,182
11,758
74,340
86,098|**2023**
**Total**
**£**
86,103
8
25,657|
|---|---|---|
|||111,768|
|||37,428|
|||37,428|
|||74,340
-|
|||74,340|
All income and expenditure derive from continuing activities.
**The notes on pages 8 to 13 form an integral part of these financial statements.**
**Page 6**
## **World Apostolate of Fatima (England & Wales)**
## **Balance sheet as at 31 March 2024**
|**Notes**
**Fixed assets**
Tangible fixed assets
8
**Current assets**
Bank and cash
**Creditors: amounts falling**
**due within one year**
9
**Net current assets**
**Net assets**
**Funds**
10
Unrestricted funds
**Total charity funds**|**2024**
**£**
**£**
27,188
59,450
59,450
)
(540
58,910
86,098
160,437
160,437|**2023**
**£**
**£**
33,985
41,105
41,105
)
(750
40,355
74,340
74,340
74,340|**2023**
**£**
**£**
33,985
41,105
41,105
)
(750
40,355
74,340
74,340
74,340|
|---|---|---|---|
||||74,340|
||||74,340|
||||74,340|
The financial statements were approved and authorised for issue by the board on 17 September 2024 and signed on its behalf of the board of trustees by
**Jerry Rivera Patrick Cunningham Trustee Trustee**
**The notes on pages 8 to 13 form an integral part of these financial statements.**
**Page 7**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements for the year ended 31 March 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Summary of significant accounting policies**
## **(a) General information and basis of preparation**
World Apostolate of Fatima (England & Wales) is a unincorporated charity registered in England and Wales. The principle address is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principle activities are to raise funds and provide donations for both children's and aged charities within the West Midlands.
The charity consitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) the Charities Act 2011, and UK Generally Accepted Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2017 and does not include a cashflow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements have been prepared to give a 'true and fair' view and 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 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The accounts are rounded to the nearest £1.
The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **(b) Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
**Page 8**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements**
## **for the year ended 31 March 2024**
## **1.2. Income recognition**
All incoming resources are included in the statement of financial activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Income from the sale of charity goods is included in the year in which it is receivable.
## **1.3. Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
- Distributions to beneficiaries.
- Cost of raising funds includes SumUp Fees.
- Other expenditure represents those items not falling into the categories above.
## **1.4. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Motor vehicles
- 20% straight line
## **1.5. Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **1.6. Provisions**
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
**Page 9**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements**
## **for the year ended 31 March 2024**
## **1.7. Tax**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 5 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **1.8. Going Concern**
The financial statements have been prepared on a going concern basis as trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income amd expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2. Income from donations**
|**2.**
**Income from donations**|||
|---|---|---|
|Donations
**3.**
**Investment income and bank interest received**
Bank interest received
**4.**
**Other incoming resources**
Sales of merchandiise
Pilgrimage fees
AGM Fees
Concert Tickets|**2024**
**£**
18,910
**2024**
**£**
184
**2024**
**Total**
**£**
14,861
19,230
3,375
2,380
39,846|**2023**
**£**
86,103|
|||**2023**
**£**
8|
|||**2023**
**Total**
**£**
12,277
9,922
3,458
-|
|||25,657|
**Page 10**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements**
## **for the year ended 31 March 2024**
## **5. Governance costs and other expenses**
|Goods purchased for resale
Travel expenses
AGM cost
Pilgrimage costs
Fundraising concert expenses
Overseas travel
Printing, Stationery and postage
Internet and computer expenses
Social media fees
Accountancy fees
Sundry expenses
Honoraria
Bank charges
Depreciation|**2024**
**Total**
**£**
5,516
4,761
4,657
14,787
1,455
-
4,208
2,353
1,000
510
988
150
-
6,797
47,182|**2023**
**Total**
**£**
6,603
3,676
4,784
16,467
-
881
2,906
438
-
750
898
-
25
-|
|---|---|---|
|||37,428|
## **6. Independent examiners remuneration**
The independent examiners remuneration amounts to an independent examiners fee of £540.
## **7. Trustees' and key management personnel remuneration and expenses**
The trustees neither received nor waived any remuneration during the year
The trustees did not have any expenses reimbursed during the year
**Page 11**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements**
## **for the year ended 31 March 2024**
|**8.**
**Tangible fixed assets**
**Cost**
At 1 April 2023 and
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023
**9.**
**Creditors: amounts falling due**
**within one year**
Accruals and deferred income
**10.**
**Fund Reconciliation**
**Unrestricted funds**
Unrestricted funds
Unrestricted funds|**At**
**2023**
**£**
74,340
**2022**
**£**
-|**Motor**
**vehicles**
**£**
33,985
-
6,797
6,797
27,188
33,985
**2024**
**£**
540
**Income**
**Expenditure**
**£**
**£**
58,940
)
(47,182
**Income**
**Expenditure**
**£**
**£**
111,768
)
(37,428|**Total**
**£**
33,985
-
6,797
6,797
27,188
33,985
**2023**
**£**
750
**At**
**2024**
**£**
86,098
**2023**
**£**
74,340|**Total**
**£**
33,985
-
6,797
6,797
27,188
33,985
**2023**
**£**
750
**At**
**2024**
**£**
86,098
**2023**
**£**
74,340|
|---|---|---|---|---|
||||||
||||||
|||||**2023**
**£**
74,340|
## **Purposes of unrestricted funds**
To promote the message of Our Lady of Fatima.
**Page 12**
## **World Apostolate of Fatima (England & Wales)**
## **Notes to the financial statements**
**for the year ended 31 March 2024**
|**11.**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**£**
**Fund balances at 31 March 2024 as represented by:**
Tangible fixed assets
27,188
Cash and current investments
59,450
Other current assets/ liabilities
)
(540
Cash deposit accounts
-
86,098
Tangible fixed assets
33,985
Cash and current investments
41,105
Other current assets/ liabilities
)
(750
74,340|**Total**
**funds**
**£**
27,188
59,450
)
(540
-
86,098
33,985
41,105
)
(750
74,340|
|---|---|
**Page 13**