Charity registration number: 235703
The Little Way Association
Report and Accounts
31 August 2020
The Little Way Association Contents
| The Little Way Association Contents |
|
|---|---|
| Page | |
| Legal and Administrative Information | 2 |
| Trustees' Report | 3 |
| Independent Auditors' Report | 13 |
| Statement of Financial Activities | 16 |
| Balance Sheet | 17 |
| Cash Flow Statement | 18 |
| Notes to the Accounts | 19 |
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The Little Way Association Legal and Administrative Information
TRUSTEES Rev Daniel O'Riordan SDB Mr Dennis Charlick Mr Peter John Beynon PRESIDENT Miss Maria Grcar CHIEF FINANCIAL OFFICER Mr Angelo Manorajah ADDRESS Sacred Heart House 119 Cedars Road Clapham Common London SW4 0PR CHARITY REGISTRATION NUMBER 235703 AUDITORS Ward & Co 307 Euston Road London, NW1 3AD PRINCIPAL BANKERS Allied Irish Bank Plc 10 Berkeley Square London W1J 6AA Barclays Bank Plc 7 St John's Hill Clapham Junction London SW11 Allied Irish Bank Plc 219 Crumlin Road Dublin 12 SOLICITORS Druces LLP Salisbury House London Wall London EC2M 5PS
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The Little Way Association Trustees' Report
The trustees present their report and accounts for the year ended 31 August 2020.
Introduction
The Little Way Association is governed by a trust deed dated 10th April 1964 and is registered on 5th August 1964 with the Charity Commission for England and Wales, Charity Registration Number 235703 and a prior constitution (amended in 1962). The accounts in this report cover all the activities carried out by the Association, being religious and charitable work and the upkeep of the Association's religious centres at Lourdes, Fatima, Knock and Walsingham. The legal and administrative information in the financial statements form part of the trustees' annual report.
Public Benefit
The Trustees have consulted the guidance available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2011. The Trustees are confident that they have complied with their duty under section 4 of the Charities Act 2011 in that they have had due adherence to public benefit guidance published by the Commission. In furtherance of the trust's charitable purposes for the public benefit the trustees give details of their activities in the following:
Aims and objectives of the Little Way
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The Association is a lay Association established to promote devotion to St Therese of Lisieux and to help priests and missionaries in their work of making Christ known and loved.
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To endeavour to follow the little way of St Therese, emulating her love of God and all humanity, and imitating her childlike simplicity and perfect confidence in God our Father.
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To help the missionary work of the Roman Catholic Church in all parts of the world by funding the building of chapels, simple houses, schools and wells in areas of need; by supporting Roman Catholic priests with Mass Offerings, maintaining Religious sisters and Catechists; and by giving grants for food, medicines and other aid for hungry, sick and deprived people, internally displaced people, needy children and victims of wars and natural disasters.
Principal activities
The Association’s principal activity during the year continued to be the spiritual and financial support of Catholic missionaries undertaking religious and humanitarian work for needy and deprived people in Africa, Asia and Latin America. This activity is underpinned and inspired by a devotion to St Therese of Lisieux and a commitment to her spirituality.
The origins and development of the Association
The Little Way Association dates back to the middle of the 20th century, when a young Irish woman, Mary Doohan, left her family home in rural Ireland to live and work in London, following the end of the second world war. She was a devout Catholic and initially wanted to devote her life to nursing. However, in order to earn a living, she took an office job, continuing her spiritual, humanitarian and Church interests in her spare time. She made many contacts with like-minded Catholics in London and, when one of her brothers who was a Catholic missionary priest in the Philippines told her of his parish’s urgent need to replace the roof of their church following a typhoon, Miss Doohan tried her hand at fundraising.
She quickly discovered a great talent for this, gathering willing helpers from her parish and from the church associations of which she was a member. When the roof in the Philippines was successfully funded, Mary and her associates continued to fundraise for a succession of projects in needy parishes in the missions. Word spread amongst British and Irish missionary priests and religious working overseas, and this led to an increasing number of requests for financial help.
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The Little Way Association Trustees' Report
It was not long before the volume of requests, the demands of fundraising, and the organisation of a large number of variously talented volunteers, became so great that Mary had to devote all of her time to her new vocation. She gave up her office job and, after fulfilling the legal requirements, The Little Way Association was set up as a registered charity.Mary was adamant that all the money given by donors for missionary projects must be sent to the projects in full, so she had to find another way of paying for the inevitable costs of administration.
Mary felt a guiding providence in her life. A generous supporter was inspired to give her the means to make an initial payment on a disused convent, with a chapel, in south London, to serve as the new Association's headquarters. The building was large enough to provide office space and also had outbuildings which Mary and her helpers converted into a hostel for priests and students temporarily in London. The income from the hostel provided the money needed to pay off the remaining debt on Sacred Heart House. A yearly raffle was organised to cover administration costs. This was replaced by the dedicated administration fund which still exists and for which regular appeals are made. Mary's determination that all donations for the missions were sent out to them without deduction is still scrupulously adhered to.
As the 20th century progressed, the number of requests from missionaries for grants continued to increase and, fortunately, the number of generous donors also grew. The volume of work and the need for continuity eventually encouraged Mary Doohan to recruit some paid staff to join her volunteers. A few helpers who had initially worked as volunteers in their spare time were able to become full time workers when offered a modest salary.
Little Way Centres were being opened in Walsingham, Lourdes, Fatima and Knock, to provide information on St Therese and on missionary needs, and in some cases to offer accommodation to pilgrims. Some of these Centres continue to be an important aspect of the Association's outreach.
Religious Congregations, Myanmar
In her final years, Mary Doohan collaborated with Rt Rev Bishop Mang Thang, Bishop of Hakha Diocese in Myanmar to found and establish the Little Way Sisters of St Therese (LWST) and also the Little Way Missionary Priests of St Therese (LWMT), both religious congregations being based in Myanmar but also working in neighbouring countries. Bishop Mang Thang subsequently became Archbishop of Mandalay, a post from which he has now retired.
The Association supported the construction in 1995 of a building for the sisters in Kalaymyo and the LWST were established as a public association in 1997. In 2000, the Association supported the building of a mother-house and novitiate, also at Kalaymyo, and in 2004 the sisters' constitution and rule were approved.
For the sisters, the establishment of an LWST convent in the Philippines to serve as a base for participation in advanced training and the attainment of professional qualifications opened the doors to a wider range of apostolate for the Sisters. They now have many small convents in Myanmar, usually of four or five Sisters, that serve people in rural areas, providing education or medical care.
Some convents have been dedicated to an exclusively contemplative way of life, too, especially in busy cities, providing a haven of prayer and Eucharistic Adoration in the hustle and bustle of urban life.
Perhaps the most consequential milestone for the Little Way priests was when the LWMT were chosen by the Catholic Bishops' Conference of Myanmar officially as their National Missionary Society. By that time, there were several young men who had achieved priestly ordination, and some 25 LWMT priests now work in Myanmar, Cambodia, the Philippines and Papua New Guinea.
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The Little Way Association Trustees' Report
The LWMT has been able to choose a Father General Superior, a Procurator General and six PriestCounsellors, as the numbers are now viable for a degree of self-governance as a Congregation. The congregation was recently reported as having three major seminarians, many matriculated seminarians and 70 pre-seminary students.
Fundraising and administration
The main fundraising activity is the mailing of a booklet and newsletter to supporters twice or three times a year. There are also advertisements in the Catholic press in Britain and Ireland. The Association's website promotes the cause online and enables online donations.
The hands-on, labour intensive methods of administration of the second half of the 20th century have been replaced by 21st century technology. Computerisation enables the small team of volunteers and paid staff to handle a large volume of work efficiently.
Mary Doohan died in 2008 and was succeeded by the vice president, Dr Norman Waldron, who died in 2012. He in turn was succeeded by the current president, Maria Grcar, who worked closely with the late Miss Doohan and the late Dr Waldron.
Organisation and Governance of the Association
The Association is governed by the trustees with the assistance of a small number of full and part time staff and a number of unpaid volunteers both in the UK and oversees. The Executive Committee, currently consisting of President, Vice-President, Treasurer and Secretary, are also officers of the Association under the terms of the constitution.
The day to day running of the Association is directed by the President, who consults the executive Committee when appropriate. She liaises with the Trustees and attends their meetings, which usually take place at Sacred Heart House. The paid staff work in various administrative roles at Sacred Heart House.
The activities carried out by the United Kingdom volunteers are administrative or clerical at Sacred Heart House, and include hospitality, encouraging prayer for the missions, and promoting the message of St Therese at the Association's Centre in Walsingham.
Grant making policy
Charitable purpose and objectives
The trustees apply the funds of The Little Way Association at their discretion and in accordance with the charitable purposes and objectives of the charity.The trustees have appointed an executive committee to consider the distribution of beneficial grants on its behalf and any decision whether to award a grant remains the responsibility of the executive committee.
Priorities for support
The number of projects that can be supported by the executive committee is necessarily limited by the amount of funds that are available for distribution each year.
The priorities for support will be reviewed by the trustees and the executive committee from time to time and may be changed depending upon circumstances and the perceived effectiveness of the application of funds. Any change to these priorities must still fulfil the charitable purpose and objectives of the charity.
The executive committee will consider any requests or known situations that are eligible for consideration:
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The Little Way Association Trustees' Report
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From any geographical area overseas
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From organisations
Each request or situation will be considered on its own merits. Where similar situations have been previously considered (whether successful or not) any due diligence undertaken to reach an earlier decision will be made available to the trustees.
The trustees or executive committee will carry out sufficient due diligence to ensure that the request or situation meets both the charitable purposes, and the priorities for support set out in this policy.
Applicant due diligence
The trustees or the executive committee will carry out sufficient due diligence on any potential beneficiary to ensure:
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The identity of the beneficiary
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That funds are applied in accordance with the charity’s charitable purpose;
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That funds are not knowingly used for:
o Money laundering in accordance with the operative Money Laundering regulations o Terrorist financing in accordance with the Terrorist Act 2000;
o Bribery in accordance with the 2010 Bribery Act.
The trustees or the executive committee will adopt a risk-rated approach to due diligence. Risk factors will include:
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the size of the grant
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the country of residence of the proposed recipient
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the geographical location in which the grant will be applied
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the nature of the relationship between the charity and the applicant
Grant size will be an important risk factor and, the larger the grant, the greater will be the likely level of due diligence undertaken.
Where the proposed beneficiary is well known to the trustees or executive committee and the relationship has been long standing and well established, the amount of due diligence undertaken is likely to be reduced.
The results of any due diligence will not last indefinitely. In cases where beneficiaries are supported for a significant period of time, additional due diligence will be undertaken if there is a change of circumstances that might impact the beneficiary, or in any case, every year.
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The Little Way Association Trustees' Report
Administration
For smaller grants, requests may be made informally. Where specific needs or situations are known, grants may be made at the discretion of the trustees or executive committee without any form of request. For larger grants, trustees or the executive committee should be confident:
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Of the purpose of the proposed grant including an understanding of the work and the way in which the grant will be managed and applied;
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Of the person(s) responsible for the management of the grant and for overseeing the work;
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That all local applicable laws and working practices associated with the work are fully and properly applied;
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That suitable safeguarding policies are in place in cases where the applicant works with children or vulnerable adults.
For very large grants, in addition to the requirements set out above, trustees or the executive committee would expect a written report (on request) setting out the progress and achievements for the period covered and detailing any forthcoming changes to either the nature or the location of ongoing work.
With the agreement of the charity and the beneficiary, grants will be provided by means of an electronic banking transfer or a cheque. The charity’s normal payment authorisation process will be applied to any payments.
Where the grant is for a specified project or purpose, and in situations where that project does not proceed or where any grant or part thereof remains unused, unused funds must be returned.
Where formal written applications have been received, or other records maintained, these will be stored and subsequently disposed of in accordance with the charity’s policy on data protection and prevailing Data Protection legislation.
Decision making
The decision of the trustees or the executive committee on whether to award a grant is final.
The trustees or the executive committee are not obliged to provide an explanation to applicants in the event that their application is not successful.
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The Little Way Association Trustees' Report
Review of the Year
Income
Our income for the financial year in question was £1,880,069. It can be categorised in this way:
----- Start of picture text -----
Non-legacy income, e.g. postal
£1,202,484
appeals, advertising, online
Legacies received in the
£396,084
2018/2019 financial year
Legacies received and
£211,354
anticipated after the year end
Our income can also be categorised in this way:
Donations and legacies for £665,545
specific purposes
General donations and legacies £1,144,377
----- End of picture text -----
Our income can also be categorised in this way:
General donations allow us the freedom to use the funds when and where there is the greatest need, so we have been able to supplement every one of our project categories.
Legacies are a fitting testimonial to our supporters' generous concern for people in need and will enable us to continue funding missionaries and their projects for a number of years.
Expenditure
Most of the requests for grants that we receive come from archbishops, bishops, priests and religious organisations of the Catholic Church in Africa, Asia and Latin America. Grants are only made to projects that not only have the endorsement of the local Church hierarchy, but also which will be monitored and overseen by them.
We have an LWA national director in India who provides first-hand information on projects as well as supervising Little Way Groups, which are lay groups who study the spirituality of St Therese and engage in local welfare initiatives.
Our expenditure can be summarised as follows:
| Amount | |
|---|---|
| Fund | £ |
| Needs of missionaries & evangelisation | 406,069 |
| Hungry, sick, deprived & refugees [HSD] | 592,818 |
| Starving, abandoned & needy children | 252,369 |
| Little Way Priests & Sisters | 457,986 |
| Natural Disasters | 35,653 |
| Water Projects | 102,574 |
| Mission chapels | 291,832 |
| Seminarians | 152,310 |
| Mass stipends | 228,649 |
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The Little Way Association Trustees' Report
The children fund benefits orphanages, schools, and feeding programmes for the malnourished. This category also includes nurseries and care-homes for children who have lost both parents to the AIDS epidemic in developing countries, abandoned and street children.
The [HSD] fund is for people in great poverty, who are unable to earn a living wage, who are sick but who cannot afford essential medicine, who have had to flee their homes because of warfare or intolerance, or who have become frail through age but have no family to support them.
The water fund supports projects which provide safe, clean water to villages, schools, parish houses, and religious communities, as well as helping to build toilets for schools and other buildings serving the community especially where children and vulnerable people were forced to use insanitary shacks, or even open ground, for their needs.
The chapels fund supports isolated villages or groups of Catholics who were trying to build a chapel for their community and who were too poor to buy some or all of the materials needed.
The seminarians fund helps with the maintenance costs of young men who wish to train for the priesthood but whose families are too poor to contribute.
The needs of missionaries and evangelisation fund assists with the financial costs of the missionary outreach of priests and religious sisters, to help with the training and maintenance of catechists, who play a vital role in large missionary parishes, and to provide facilities for the care for sick and retired missionaries.
The Mass stipends fund sends money to priests working in parishes which are unable to support them. The priests who receive the stipends offer the Mass for the donors' intentions.
Covid-19
The pandemic began some six months into the financial year. A number of volunteers ceased to attend the office, and non-resident staff were furloughed for two and a half months. When the office re-opened to nonresident staff in June, some work was still done from staff-members’ homes, in keeping with the government’s requirements. However, the office never closed, donors kept giving and appeals for help increased because of the health-related crisis.
As well as making other grants, the Association sent out almost a quarter of a million pounds in 37 covidrelated grants in the last three months of the financial year. In the same period, the amount of Mass offerings distributed was increased, such that 34 recipients were sent almost £183,000 in stipends.
These special grants and stipends went to Brazil, Cameroon, D R Congo, Ecuador, Ethiopia, Ghana, India, Kenya, Malawi, Myanmar, Pakistan, Peru, Philippines, South Africa, Sri Lanka, Tanzania and Uganda.
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The Little Way Association Trustees' Report
----- Start of picture text -----
Direct Charitable Expenditure
9%
Needs of missionaries &
6% 16% evangelisation
Hungry, sick, deprived & refugees
12% [HSD]
Starving, abandoned & needy
children
Little Way Priests & Sisters
4%
Natural Disasters
1% Water Projects
24%
Mission chapels
18% Seminarians
10%
----- End of picture text -----
Total grants of £2,520,260 were made to more than 41 countries and this is grouped by continent with the percentage as shown on the pie chart below:
----- Start of picture text -----
Percentage of donations by continents
2% 2%
40%
Africa 45%
Americas
Asia
Europe 11%
Oceania
----- End of picture text -----
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The Little Way Association Trustees' Report
Ethos and trends
Since the Association's foundation, Catholic practice in Britain and Ireland has declined, making our future less than assured. The high proportion of legacies reflects the way that our donor base is likely to shrink.
Although the UN's millennium goal for poverty-reduction was met ahead of time, there remain millions of people on earth who are in dire need.
Our commitment to the Little Way priests and nuns in Myanmar is open-ended, and a potential call on our reserves. During the year in question, there was, of course, no intimation of a forthcoming global epidemic. Subsequent events have shown, however, that reserves are vital for occasions when our donors are financially disadvantaged and/or our beneficiaries make extra calls on us to help them in emergencies.
The Association is not just an overseas aid charity. It also exists to foster knowledge of, and devotion to, St Therese of Lisieux. Our publicity material contains many references to her and to her spirituality. As well as having Mass offered for our supporters, we encourage requests for St Therese's protection and intercession for our benefactors, staff and beneficiaries. We confidently entrust our future to our patroness and to God's providence.
Reserves Policy
It is the policy of the trustees to maintain reserves at a sufficient level to meet missionary needs and to provide help in the event of natural disasters and wars. The charity aims to achieve a level of reserves to approximately a minimum of twelve months of average expenditure. The charity has also kept sufficient liquidity in its long term commitment towards the continuing financial support for the upkeep of the Little Way Missionary Sisters of St Therese, seminarians and priests.
Trustees
The current trustees are listed on page 2. Appointment of trustees is governed by the Trust Deed; the Board of Trustees is authorised to appoint new trustees or to fill vacancies arising through the resignation or death of an existing trustee.
Statement of Trustees' Responsibilities
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 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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State whether the recommendations of the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
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The trustees are responsible for keeping proper sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable then 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.
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The Llttle Way Assod•llon Tru8tees' Rep(t Rhk In lin¢ 4Mth the requirements for trustees lo undertake a risk assessrrnt exercise and report on the samè In their 8nnJal report. the Iru8tee6 h8ve looked at the risks the Assoaation curfenlly factss in Britain and have rÈvietd thé measuits 8trèady itt rAa¢•, or n¢¢drng to be put in place. to deal them. Hawng assessed thè major risks to kn1¢h the Charty is expos. Ihe trustees believe that by monitoring rèserve levals, by ansurino contrc4s Dv•r kay finanual $Ierr6. and by examining the operational and business risks laeed by th• Chaity, th•y hav• èstablithed •ff•c*fve $y6t•ms to mitigate those risk8. <X- Peter John TrustBe iy./Oe12021 12
The Little Way Association Report of the Independent Auditors to the Trustees of The Little Way Association
INTRODUCTION
We have audited the financial statements of The Little Way Association for the year ended 31 August 2020, as set out on pages 15 to 29, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet , the Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and, in particular, the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 15, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
LIMITATION OF LIABILITY
This report is made solely to the Trustees of the charity, as a body, in accordance with the requirements of Section 154 of the Charities Act 2011 (The Act). Our work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed.
BASIS OF OUR OPINION
We have been appointed as auditors under section 144(2) of The Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
We conducted our audit in accordance with International Standards on Auditing (ISAs-UK), issued by the Financial Reporting Council, and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 England & Wales, 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.
RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE FOR THE FINANCIAL STATEMENTS
As described on page 10, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees, who are charged with governance, are responsible for overseeing the charity's financial reporting process.
Management is responsible for the preparation of the financial statements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines 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, management is 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 management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.
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AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
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.
In carrying out an audit in accordance with ISAs-UK, the auditor exercises professional judgement and maintains professional scepticism throughout the audit.
Our responsibility is to audit and express an opinion on the financial statements in accordance with relevant legal and regulatory requirements and ISAs-UK. Those standards require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to:-
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, to design and perform audit procedures responsive to those risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion;
• To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity's internal control;
• To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity;
• To conclude on the appropriateness of the charity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern;
• To evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves a fair presentation.
We are required to report to the Trustees our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.
We are also required to report to you if, in our opinion, the Trustees' Annual Report is materially inconsistent with the financial statements, if the charity has not kept adequate accounting records, if the charity's financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.
In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
We conducted our audit in accordance with ISAs-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in March 2012.
We are required to plan and perform our audit so as to meet the above requirements and to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error.
In the course of our audit, we communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit.
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EUGIBIUTY OF AUDrroR AND STATUS OF Auixr We cth)fimi ltst è dlglblo wJer s•x114412) Ch115è8 kt2011 to this wJiL aTrJ that th18 statutory regvlat)ns. the Charthes (Ammts aNJ Rwts} Regulati$ 3J)8, kn prepare the finoncaal statem6nts In acctsrdanL the SORP 2(M)5. In vl6w of fac thal ts SORP 2(Mlfj has rylhdravm. In ryd8r to th the FRS 102 SORP Islatomwrt of Recy)mmej8d Praclice fur An)yJntirwJ and Rewting by Chwitbesl 2015, (88 amended by the Bulltitin std in FoL¥w 20161. Tr SORP). We cgwK)Jr with thts apwogch, and any OPINION ON THE FINANCIAL STATEMENTS In accordar• wilh R&3ulalions 25(gl (h> of (knnts ReFNJts) RwJulaliorn 2CM)8, In cwr cplnlon the chgrltyB finandal ststofft%. Give 8 true 8nd falr vFw crf th8 8tats of affalrs of th8 (wfty 88 at 31 August 21Y20 and of Its IrYA)me and Expendltur8 for ts finandal rth8n erad a1. Sn FrtiryJlar, fInls1 staternents have boon prowly prepared, In 811 molerlal TespKts, In a¢ctydae with UThted KITh>j Ganaralty Accepted knounting Pracd¢& appllcable to antldes of Its 6 aml h8va bèan in wilh th& r6qutrem8nts of thè Charltle8 Acl 2011; and . hava b•en prepared In o(wdarth the by the FRS102 Statement of Recommended Practlc frJr Acowntitwj and Rwyry Issu ty the Ch&ty c1$s1On In ErwJland & Wde8 ICCEWI. effectfve January 2015 SORP), aThl IIw)80 moltbkn havo b8en followed. MATfERS UPON WHICH WE ARE REQUIRED TO REPO1 BY EXCEPTION We have Trjlhlw to reKKt In re8 ofthe f(Ik¥ mattw8 th& Ch•rllle8 A( 2011 requlres u8 to fOPOrt to you, rf In our Oni.. • tha Infomialknn glven In th• Tn' Rem Is Ky)rth wilh thè flnandg18tatfjn In any matsd81 rospect.. . the charlty has ke0 I8d8. (Y . the financkql ststemwts are not In agre ¥Ath th& &xxxrIj rec(Yd8 a1 rettrns: Ward & Co Stalutory Aud6t Chartered Acntsnts J.l•.J 307 Euston R¢)ad LoThJon. NWI IAD Ward & Co kn ellglt40 to act gs alItOr in 18m crf Seclkn 1212 of th• c1xnpkn 2fyX. 15
The Little Way Association Statement of Financial Activities for the year ended 31 August 2020
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | Unrestricted | Restricted | ||
| Notes | Funds | Funds | 2020 | 2019 | Funds | Funds | |
| £ | £ | £ | £ | £ | £ | ||
| Income | |||||||
| Voluntary income: | |||||||
| Donations and covenants | 542,979 | 659,505 | 1,202,484 | 1,802,480 | 689,951 | 1,112,529 | |
| Legacies | 601,398 | 6,040 | 607,438 | 3,358,909 | 3,304,976 | 53,933 | |
| Other income | 25,660 | - | 25,660 | 13,849 | 13,849 | - | |
| Interest receivable and investment income | 44,487 | - | 44,487 | 50,535 | 50,535 | - | |
| Total income | 1,214,524 | 665,545 | 1,880,069 | 5,225,773 | 4,059,311 | 1,166,462 | |
| Expenditure | |||||||
| Costs of generating funds | |||||||
| Fund raising expenditure | 2 | 69,710 | - | 69,710 | 91,913 | 91,913 | - |
| Charitable activities | |||||||
| Charitable donations | 13 | - | 2,291,611 | 2,291,611 | 2,339,219 | - | 2,339,219 |
| Mass offerings | - | 228,649 | 228,649 | 165,143 | - | 165,143 | |
| Upkeep of religious centres | 17,498 | - | 17,498 | 21,228 | 21,228 | - | |
| Support costs | 3 | 248,217 | - | 248,217 | 148,143 | 148,143 | - |
| Governance costs | 4 | 31,013 | - | 31,013 | 29,313 | 29,313 | - |
| 296,728 | 2,520,260 | 2,816,988 | 2,703,046 | 198,684 | 2,504,362 | ||
| Total expenditure | 366,438 | 2,520,260 | 2,886,698 | 2,794,959 | 290,597 | 2,504,362 | |
| Net losses on unrealised investments | (156) | - | (156) | (1,413) | (1,413) | - | |
| Net income/ (expenditure) | |||||||
| before transfers | 847,930 | (1,854,715) | (1,006,785) | 2,429,401 | 3,767,301 | (1,337,900) | |
| Transfers between funds | (1,757,728) | 1,757,728 | - | - | (802,670) | 802,670 | |
| Net movement in funds | (909,798) | (96,987) | -1,006,785 | 2,429,401 | 2,964,631 | (535,230) | |
| Funds balances brought forward | |||||||
| at 1 September 2019 | 12,001,214 | 110,266 | 12,111,480 | 9,682,079 | 9,036,583 | 645,496 | |
| Funds balances carried forward | |||||||
| at 31 August 2020 | 11,091,416 | 13,279 | 11,104,695 | 12,111,480 | 12,001,214 | 110,266 |
None of the charity's activities were acquired or permanently discontinued during the above two financial periods.
The charity has no recognised gains and losses other than those shown above and therefore no separate statement of total recognised gains and losses has been presented.
16
The Llttle Way Assoclatlon fance Sheèt at 31 August 20 Notes 2019 Flxed assets Tangitle a66et6 Investments 98.049 1.000,782 1,098,831 104.663 1,105,601 Currént Debtors Ca6h at bank and in har 1.287,165 9,917,969 lo.4.817 11.323.765 Credltors: amounts falllng du• wlthln one y 953 Net Gurr•nt a•Mt8 10.Crf)S. 11005 879 Total ••Mt• l•M nan1 Il•blllll•• 12111480 Fund• Unreslricled Restricled 11.081.416 13,279 12,001.214 110,266 11 12 111480 Apwoved by the tr(xtee• on z.Y LQ.Iland s*ned 116 betN ty. S% Peter John 8ey Tru61èè 17
The Little Way Association Statement of Cash Flows for the year ended 31 August 2020
| The Little Way Association Statement of Cash Flows for the year ended 31 August 2020 |
|||
|---|---|---|---|
| Notes | 2020 | 2019 | |
| Cash flows from operating activities: | £ | £ | |
| Operating profit for the financial year | See below | (163,118) | 1,804,527 |
| Cash flows from investing activities: | |||
| Interest received and income | 44,487 | 50,535 | |
| Purchase of investments | - | - | |
| Net cash from investing activities | (118,631) | 1,855,062 | |
| CASH FLOW STATEMENT | |||
| Cash flows from operating activities | (118,631) | 1,855,062 | |
| Cash flows from investing activities | |||
| Purchase of equipment | - | (560) | |
| Cash flows from financing activities | (118,631) | 1,854,502 | |
| Bank borrowings | (1,949) | (9,897) | |
| Net cash used in financing activities | (1,949) | (9,897) | |
| Net increase/(decrease) in cash and cash equivalents | 14 | (120,580) | 1,844,605 |
| Reconciliation of net cash flow to movement in net debt | |||
| Net increase/(decrease) in cash and cash equivalents | (120,580) | 1,844,605 | |
| Cash and cash equivalents at beginning of year | 10,026,703 | 8,182,098 | |
| Cash and cash equivalents at end of year | 14 | 9,906,123 | 10,026,703 |
| Reconciliation of net income/ (expenditure) to net cash flow from operating activities | |||
| Net movement in funds for the reporting period (as per | 2020 £ |
2019 £ |
|
| statement of financial activities) | (1,006,785) | 2,429,401 | |
| Adjustments for: | |||
| Depreciation of property, plant and equipment | 6,614 | 6,788 | |
| Losses on unrealised investments | 156 | 1,413 | |
| Interest received | (44,487) | (50,535) | |
| Investment income | - | - | |
| Increase in debtors | 718,317 | (551,996) | |
| Increase in creditors | 163,067 | (30,544) | |
| Net cash from operating activities | (163,118) | 1,804,527 | |
| Analysis of cash and cash equivalents | 2020 | 2019 | |
| Cash at bank and in hand at end of year | £ 9,917,969 |
£ 10,036,600 |
|
| Overdrafts facility repayable on demand | (11,846) | (9,897) | |
| Total cash and cash equivalents at end of year | 9,906,123 | 10,026,703 |
18
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
1 Accounting policies
Basis of Preparation of Accounts
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
The trust constitutes a public benefit entity as defined by FRS 102.
Going concern
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Tangible fixed assets for use by the charity and depreciation
Tangible fixed assets for use by the charity are stated at cost less depreciation.
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Freehold buildings 2% p.a straight line Fixtures and office equipment 20% p.a. reducing balance
Investments
Fixed asset investments in quoted shares, traded bonds, income bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Unrealised gains and losses are recognised in the statement of financial activities.
Foreign currencies
Transactions in foreign currencies are recorded at a standard rate per month. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the income and expenditure account.
19
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
Income
Voluntary income and donations are accounted for as received by the charity. Legacies are credited to the statement of financial activities once the charity has been notified of its entitlement to the income and the value of the legacy is capable of financial measurement. The income from fundraising is shown gross, with associated costs included in fundraising costs. Gifts in the form of investments are included at their probate value or market value on the date of receipt. No permanent endowments have been received in the year.
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date.
Legacies are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield in the investment portfolio.
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 settlement will be required and the amount of the obligation can be measured reliably.
The cost of generating funds includes the fees paid to investment managers in respect of the management of the charity's investment portfolios.
Expenditure on charitable activities comprises direct expenses incurred on the defined charitable purposes of the charity and includes staff costs attributable to the activity.
Governance costs comprise of expenditure on compliance with and advice on constitutional and statutory matters.
As all expenditure can be attributed to specific categories no apportionment between heading has been necessary. Irrecoverable VAT is included in the items of expenditure to which it relates.
Fundraising costs
Fundraising expenditure comprises costs involved in inducing people to contribute financially to the charity's work. This includes advertising for donations; all expenditure on stationery, postage and telephones is allocated to fundraising expenditure.
Governance costs
Governance costs include all expenditure not directly related to charitable activity or fundraising. All overhead expenditure including office running costs (other than stationery, postage and telephones), staff salaries and professional fees is allocated to management and administration costs.
20
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
Fund accounting
All voluntary income is either credited to the appropriate fund in accordance with the wishes expressed by the donor or, if no wishes are specified, designated by the trustees as income for any of the charitable purposes of the Association or allocated for the general running expenses of the charity. Some voluntary income is expressly to cover costs of fundraising and administration and this is shown as restricted fund expenditure on the statement of financial activities.
The restricted funds comprise of several funds as disclosed in note 11 in more detail. It comprises of funds for specific activity requested by the donor.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
| 2 Fundraising expenses Stationery, Printing and postage Advertising 3 Support costs Staff costs (note 5) Depreciation Premises costs Other administrative expenses Foreign currency (gains)/ losses 4 Fees paid to the auditors: - Audit - Accounting - Other Legal and professional costs Management and administration of the charity |
2020 £ 23,471 46,239 69,710 2020 £ 129,030 6,614 33,827 29,851 48,895 248,217 2020 £ 3,250 6,660 600 20,503 31,013 |
2019 £ Restated 46,790 45,037 91,827 2019 £ 123,182 6,788 30,792 25,637 (38,256) 148,143 2019 £ 3,250 6,660 600 18,803 29,313 |
|---|---|---|
5 Staff costs
No remuneration was paid to the trustees in the year. The other staff costs were:
| 2020 £ Salaries and wages 112,563 Social security costs 5,738 Pension costs 10,729 129,030 The average weekly number of staff employed by the charity was as follows: 2020 Administration and fundraising 6 |
2019 £ 107,720 5,746 9,716 123,182 2019 6 |
|---|---|
21
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
6 Pension Scheme
22
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
23
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
7 Tangible fixed assets
| Cost At 1 September 2019 Additions At 31 August 2020 Depreciation At 1 September 2019 Charge for the year At 31 August 2020 Net book value At 31 August 2020 At 31 August 2019 8 UK Investments At market value: Listed investments National Savings Bonds Listed investments - historical costs 9 Debtors Legacies receivable Other debtors Gift aid debtors 10 Creditors: amounts falling due within one year Bank overdraft Donations payable Other creditors |
Land and buildings £ 326,268 - 326,268 222,045 6,526 228,571 97,697 104,223 |
Fixtures and office equipment £ 26,645 - 26,645 26,205 88 26,293 352 440 2020 £ 782 1,000,000 1,000,782 962 2020 £ 515,782 4,738 48,328 568,848 2020 £ 11,846 440,296 28,811 480,953 |
Total £ 352,913 - 352,913 248,250 6,614 254,864 98,049 104,663 2019 £ 938 1,000,000 1,000,938 962 2019 £ 1,244,783 5,615 36,767 1,287,165 2019 £ 9,897 289,943 18,046 317,886 |
|---|---|---|---|
24
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
11 Restricted funds
The restricted funds comprise many different funds which fall into three main categories:
- general funds which are applied for the general purpose for which they were set up. - appeals funds by country; these funds are applied to projects in the particular country. - funds in respect of individual projects.
The summarised movements on the funds for the year are as below:
General mission funds represent donations received for spiritual and evangelical projects, ie. the support of priests, Sisters and Brothers in their missionary work.
Hungry, sick and deprived: Funds given under this heading can be applied to refugees, victims of famine and general natural disasters, lepers, medical requirements, old people and generally the most deprived members of society.
Children: These funds are applied to malnourished children and the support of orphanages, schools, abandoned babies and street children.
Chapel building and repairs: Materials are provided with these funds for the building and repair of small missionary chapels.
Other general funds comprise those for catechists, seminarians, dispensaries, houses for poor people, schools, wells and water supplies.
Individual country funds are those given for use in certain countries without specific reference to the project or the recipient, but usually these funds result in part from media focus on various parts of the world, and also our advertisements appealing for aid for eg. Sudan.
25
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
Little Way Priests and Sisters: These funds given as financial help to Religious congregations named Little Way Sisters of St Therese based in Myanmar (Burma). The Sisters help thousands of needy people, as well as asisting the clergy in their pastoral ministry. All funds are distributed via Hong Kong.
Individual funds are those given by the name of the project or the person in charge of a project, and result from our appeals or articles in our magazines and newsletters.
| 12 Analysis of fund balances between the net assets Tangible fixed assets Investments Current assets Creditors: amounts falling due within one year |
Unrestricted Funds £ 98,049 1,000,782 10,473,538 (28,811) 11,543,558 |
Restricted Funds £ - - 13,279 - 13,279 |
Total Funds £ 98,049 1,000,782 10,486,817 (480,953) 11,104,695 |
|---|---|---|---|
13 Charitable donations
The charitable donations were paid to many different Missionary Societies, Dioceses and individual priests, Sisters and Brothers, to be used in carrying out missionary and other charitable work in many countries. Listed below are amounts paid to Missionary Societies, Dioceses and individual priests, Sisters and Brothers.
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| ADCS-PACO | 10,000 | - |
| Alcp/Oss | 14,319 | 13,373 |
| Angelo Province Society | 5,140 | 5,158 |
| Ansanol Burdwan Seva Kendra | 4,314 | - |
| Apostolic Vicariate of Harar | - | 3,485 |
| Apostolic Vicariate of Jimma Bonga | - | 26,310 |
| Archbishop of Ayacucho | 7,610 | 6,125 |
| Archdiocese of Bhopal | - | 5,344 |
| Archdiocese of Madang | - | 12,336 |
| Archdiocese of Taunggyi | - | 2,464 |
| Archdiocese of Yangon | - | 9,036 |
| Archiocese of Mandalay | 391,330 | 446,528 |
| Arco Associacao Beneficente | 19,988 | - |
| Arquidiocesis de Guayaquil | 5,405 | - |
| Assagao Pallottine Society | - | 10,827 |
| Association Cice Entraide | 17,718 | - |
| Association des Filles du Coeur de Marie | - | 7,132 |
| Assumptio Adveniat | - | 14,880 |
| Aumonerie Catholique de Prison Madagascar | 8,571 | - |
| Australian Marist Solidarity Ltd | 4,500 | - |
| Bannabikira Daughters of Mary | - | 7,583 |
| Bannakaroli Brothers | 3,000 | 5,000 |
| Benebikira Sisters Congregation | - | 8,000 |
| Benedictine Sisters of Divine Providence | 7,000 | - |
| Bikira Maria Mamma Yetu Wa Huruma | 6,000 | - |
| Bishop of Mannar | 10,000 | - |
| Brothers of Jesus the Good Shepherd | 5,000 | - |
| Brothers of St. Joseph | 5,000 | - |
| Capuchin Friars Minor | - | 7,845 |
26
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
| Contd, | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| Capuchin Province of Ethiopia | - | 35,620 |
| Casa de Los Pobres | 15,617 | - |
| Casa Generalizia della Societa del Divin Salvatore | 5,400 | - |
| Catholic Archdiocese of Abuja | - | 3,500 |
| Catholic Archdiocese Tabora | 9,140 | 3,320 |
| Catholic Church - La Papua New Guinea | 47,847 | - |
| Catholic Church - Swaziland | 3,600 | - |
| Catholic Diocese of Bo | 7,750 | - |
| Catholic Diocese of Damongo | 4,516 | - |
| Catholic Diocese of Eluru | - | 16,300 |
| Catholic Diocese of Goaso | - | 12,749 |
| Catholic Diocese of Nnewi | 5,000 | 2,820 |
| Catholic Diocese of Rourkela | 2,675 | - |
| Catholic Diocese of Rulenge | 5,000 | 5,788 |
| Catholic Diocese of Simdega | - | 6,000 |
| Catholic Diocese of Yendi | 20,971 | - |
| Catholic Health Association of Andhra Pradesh | 3,000 | - |
| Chemin Neuf Community | - | 25,525 |
| Claret Bhavan | 13,000 | - |
| Claretian Missionaries - Mission Procure | 5,000 | - |
| Comboni Missionary Sisters | 6,750 | 5,296 |
| Communaute Oblates del' Assumption | 4,314 | - |
| Company of the Daughters of Charity of St. Vincent de Paul | 7,831 | 6,950 |
| Congregacao Missionarios sao Francisco de Sales | - | 15,000 |
| Congregacion de la Mission-Padres Vicentinos | - | 12,322 |
| Congregacion de Rogacionistas del Corazon de Jesus | - | 2,578 |
| Congregacion Hermanas de Nazaret | 15,442 | 22,964 |
| Congregacion Marta y Maria | - | 5,000 |
| Congregation des Miss. de Scheut | 39,114 | - |
| Congregation des Petits Freres de Sainte Therese | 27,804 | - |
| Congregation des Soeurs du Sacre-Coeur-Solidarite | 40,066 | - |
| Congregation of Daughters of Our Lady of the Sacred Heart | - | 6,000 |
| Congregation of St Joseph Cluny | - | 4,053 |
| Congregation of the Daughters of the Cross of Liege | 6,850 | - |
| Congregation of the Holy Ghost | 6,986 | - |
| Consolata Fathers | 14,477 | 7,800 |
| Consolata Missionaries | 47,570 | 61,673 |
| Coptic Catholic Diocese | - | 20,000 |
| Daughters of Charity of Jesus and Mary | 6,856 | 10,000 |
| Daughters of Divine Charity | 9,000 | 12,284 |
| Daughters of Divine Love Congregation | - | 24,250 |
| Daughters of Jesus the Good Shepherd | - | 16,404 |
| Daughters of St Francis de Sales | - | 2,000 |
| De l'Association du Saint Espirit | 6,986 | - |
| Dinajpur Catholic Diocese | - | 15,490 |
| Dindigul Roman Catholic Diocese | - | 6,800 |
| Diocese de Kasongo | 7,854 | - |
| Diocese de Matadi | 14,141 | - |
| Diocese D'Eseka | 3,997 | - |
| Diocese Maroua Mokolo | 10,174 | - |
| Diocese of Alleppey | 38,600 | 29,300 |
| Diocese of Asanol | - | 28,300 |
| Diocese of Ayaviri | - | 13,382 |
| Diocese of Bunda | - | 2,560 |
27
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
| Contd, | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| Diocese of Chingleput | 15,450 | 13,650 |
| Diocese of Chipata | - | 6,749 |
| Diocese of Dharmapuri | 3,500 | 7,925 |
| Diocese of Eluru | 22,000 | 4,700 |
| Diocese of Guntur | - | 23,171 |
| Diocese of Jaffna | 6,000 | 8,000 |
| Diocese of Kabgayi | - | 4,929 |
| Diocese of Kalay | 57,967 | 4,029 |
| Diocese of Kotido | - | 3,400 |
| Diocese of Kottar | 4,000 | - |
| Diocese of Kurnool | - | 8,985 |
| Diocese of Maralal | - | 2,853 |
| Diocese of Marthandom | - | 8,000 |
| Diocese of Masaka | - | 3,000 |
| Diocese of Mbeya | 3,485 | 6,082 |
| Diocese of Mbinga | - | 3,205 |
| Diocese of Mbulu | 5,327 | 8,858 |
| Diocese of Moroto | 6,800 | 3,832 |
| Diocese of Moshi | 2,730 | - |
| Diocese of Multan | - | 6,300 |
| Diocese of Nalgonda | - | 3,350 |
| Diocese of Nellore | 2,400 | - |
| Diocese of Oeiras | - | 14,129 |
| Diocese of Pyay | 5,344 | - |
| Diocese of Salem | - | 10,210 |
| Diocese of San Marco de Arica | - | 17,800 |
| Diocese of Sivagangai | 12,000 | 8,460 |
| Diocese of Solwezi-Project | 4,008 | - |
| Diocese of Taunggyi | - | 8,379 |
| Diocese of Tete | 5,490 | - |
| Diocese of Trivandrum | - | 35,000 |
| Diocese of Tunduru-Masasi | 2,000 | 41,605 |
| Diocese of Vijayawada | 10,000 | - |
| Diocese of Warangal | - | 5,630 |
| Diocesis de Chulucanas | 7,721 | 7,583 |
| Diocesis de Escuintla | - | 49,287 |
| Diocesis de Ipiales | 11,962 | 11,484 |
| Diocesis de Lurin | 12,858 | - |
| Diocesis-Obispado de Abancay | 7,854 | - |
| Discalced Carmelites | - | 11,073 |
| Divine Providence Convent-Loikaw | - | 4,929 |
| Divine Providence Sisters | 6,900 | 5,095 |
| Divine Word Missionaries | 8,835 | 9,303 |
| Dominican Sisters | 9,500 | 10,000 |
| ECS - Apostolic Vicariate of Nekemte | 5,000 | 6,000 |
| ECS - Apostolic Vicariate of Soddo | 8,200 | - |
| Eveche de Natitingou | 4,400 | - |
| Fathers of the Holy Cross | 34,310 | 12,395 |
| Figlie della Misericordia del Tor di San Francesco | - | 44,618 |
| First Councillor Sisters of Destitute St Joseph | 10,000 | - |
| Franciscan Friars TOR Society | - | 4,000 |
| Franciscan Missionaries of Our Lady of Peace | - | 9,186 |
28
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
| Contd, | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| Franciscan Missionary Sisters for Africa | 15,359 | 5,000 |
| Franciscan Sisters of Charity | - | 2,010 |
| Franciscan Sisters of St. Anna | 7,000 | - |
| Franciscan Sisters of St. Joseph | 15,300 | 4,600 |
| Franciscan Sisters of the Immaculate Conception | - | 8,000 |
| Franciscan Sisters of the Immaculate Heart of Mary | 12,500 | - |
| Franjevaka Teologija u Sarajevu Samostan SV. Pavala | 18,212 | - |
| Guardian Angel Nursery School | 4,000 | - |
| Gulu Archdiocese | - | 13,730 |
| Hangop Kabataan Foundation | 5,000 | - |
| Hermanas de la Presentacion | 5,498 | - |
| Holy Spirit Sisters | - | 6,124 |
| IBN -e-Mariam Dominican Order | 11,928 | - |
| Immaculate Heart of Mary Social Services | 5,100 | - |
| Immaculate Heart of Mary Society Generalate | 5,000 | - |
| Immaculate Heart of Saint Mary Society | 5,959 | 7,000 |
| Incarnate Word Sisters | - | 19,223 |
| Institution Dispensaire Rcar Ambohitrarivo | 6,500 | - |
| Istituto Religiose di Maria Immacolate | 4,832 | - |
| IVREA Sisters (Immaculate Conception Charity Sisters) | - | 8,000 |
| Josephites of St. Leonard Murialdo | - | 12,911 |
| Jyothir Vikasa Social Service Centre | 3,600 | 5,000 |
| Kadem TB & Leprosy Clinic | 15,200 | - |
| Karonga Diocese Project | 5,700 | 16,091 |
| KKCJ Kenya Regional Central Fund | 5,000 | - |
| Klasztor Zakonu Braci Mniejszych | 20,000 | - |
| LIRA Catholic Diocese | - | 5,989 |
| Little Servants of Mary Immaculate | - | 5,000 |
| Little Sisters of St. Francis | 19,943 | 2,996 |
| Little Sisters of St. Joseph | - | 17,622 |
| Mahenge Catholic Diocese | 5,000 | 6,297 |
| Maids of the Poor Community | - | 7,098 |
| Malabar Missionary Brothers | - | 3,800 |
| Mariannhill Mission Institute | - | 8,687 |
| Marrietta Community Centre | 4,000 | 3,000 |
| Masista Wa Upendo Wa Mt. Francisko | 12,293 | - |
| Medical Missionaries of Mary | - | 51,707 |
| Mill Hill Missonaries | 4,230 | - |
| Missionaries of Jesus the Divine Master | - | 2,400 |
| Missionaries of the Crucified Jesus | - | 6,000 |
| Missionary Brothers of St. Paul | - | 8,215 |
| Missionary Community of St. Paul | 28,000 | - |
| Missionary Community of St. Paul the Apostle | 17,000 | 20,000 |
| Missionary Cong. of the Evangalizing Sisters of Mary | 34,282 | - |
| Missionary Sisters of Mary Help of Christians | 4,000 | - |
| Missionary Sisters of the Holy Rosary | - | 8,811 |
29
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
| Contd, | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| Missionary Society of Heralds of Good News | - | 3,000 |
| Missionary Society of St. Columban | - | 80,500 |
| Missioneros Combonianos del Corazon | - | 5,205 |
| Missiononary Sisters of St. Paul | 7,854 | - |
| Missionwerken Oblaten VZW | 7,854 | - |
| Montfort Brothers of St. Gabriel | - | 30,824 |
| Montifortanen | 15,000 | - |
| MSP Brothers | 6,283 | - |
| Mymensingh Catholic Diocese | - | 6,169 |
| Neyyattinkara Integral Development Society | 20,000 | - |
| Nunziatura Apostolica - Pakistan | 8,640 | - |
| Nunziatura Apostolica to Bangladesh | - | 4,550 |
| Nunziatura Apostolica to Haiti | 11,781 | 9,084 |
| Oblates of Mary Immaculate | 4,100 | - |
| OLSH Educational Fund | 7,000 | - |
| Order Des Peres Trinitaires | - | 7,128 |
| Order of Preachers (Dominicans) | - | 9,900 |
| Order of St. Augustine Eldoret | 13,400 | - |
| Pallottine Fathers | - | 8,712 |
| Pallottine Missionary Sisters | - | 4,100 |
| Parokia Katoliki Makunganya | 3,500 | - |
| Passionist Fathers | - | 6,630 |
| Piarist Fathers | - | 14,000 |
| Pilar Seminary Society | 60,000 | 20,000 |
| PRCDTR Filipino Chaplaincy | 5,000 | - |
| Province of Our Mother of Good Counsel | 23,162 | 18,983 |
| Provincija Bezgresnog Zaceca BDM | - | 45,272 |
| Provinzialat Schweizer Kapuziner | 11,781 | - |
| R C Diocese of Palayamkottai | 11,382 | - |
| Roman Catholic Diocese of Dedza | - | 5,227 |
| Sagar Diocesan Service Soc. | 10,000 | - |
| Salesian Fathers | 21,712 | - |
| SCIM Brothers | 10,250 | - |
| Seminario Mayor La Providencia | 11,962 | - |
| Siervas del Plan de Dios | 7,854 | 15,797 |
| Sisters of Charity | - | 15,000 |
| Sisters of Maria Stella Matutina | - | 15,889 |
| Sisters of Mary of Kakamega | 14,870 | - |
| Sisters of Nigrizia | 12,943 | - |
| Sisters of Our Lady Queen of the Apostles | 6,428 | - |
| Sisters of the Blessed Virgin | - | 10,006 |
| Sisters of the Immaculate Heart of Mary | 5,000 | 5,600 |
| Sisters Servant of Infant Jesus (Druzba Sestara Sluzavke) | - | 5,421 |
| SMA Fathers | 22,648 | 10,120 |
| Soroti Catholic Diocese | 9,165 | 6,820 |
| St Gemma Sisters | - | 4,534 |
| St John Paul II Philosophicum | - | 11,849 |
| St. Joseph's Hospice | 7,651 | - |
| St. Joseph's School for the Blind | - | 2,500 |
| St. Martin de Porres Brothers | 7,973 | - |
| St. Theresia Secondary School | - | 9,400 |
| Sumbangwa Diocese | 9,960 | - |
| Thanjavur Multipurpose Social Services | 3,994 | - |
| The Archdiocese of Hyderabad Society | 5,000 | 8,291 |
30
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
| Contd, The Coimbatore of Don Bosco The Congregation of Sisters of St Anne The Diocese of Nellore The Indian Missionary Society The Pious Workers Rural Catechists The R C Diocese of Madurai The Redemptorists The Society of Christu Jyothi Sisters The Sons of Divine Providence The Spiritans The Srikakulam Diocese Society The Trichy Don Bosco Society The Trinitarians Inc. Trust of the Daughters of Mary Immaculate & Collaborators Ursuline Sisters Vicariat Apostolique des Latins Vicariato Apostolico de San Ramon Vincentian Fathers Visitation Sisters of Don Bosco VZW Fracarita Belgium Welcome Home Foundation Inc Masses Others |
2020 £ - - - 16,000 17,087 3,000 27,493 - 28,000 99,417 4,000 - 6,755 - 8,660 30,000 - 29,000 10,000 20,000 4,600 228,649 18,752 2,520,260 |
2019 £ 5,000 7,810 5,710 - 20,000 - 26,989 11,500 - 22,907 - 27,800 7,582 5,349 - 10,000 11,390 6,000 - - - 165,143 14,722 2,504,362 |
|---|---|---|
14 Analysis of changes in net debt
| Cash at bank and in hand Overdrafts Total |
At 1 Sept 2019 £ 10,036,600 (9,897) 10,026,703 |
Cash flows £ -118,631 (1,949) -120,580 |
Non-cash changes £ - - - |
At 31 Aug 2020 £ 9,917,969 (11,846) 9,906,123 |
|---|---|---|---|---|
15 Taxation
The Little Way Association, as a registered charity, is exempt from taxation on its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.
16 Volunteers
The activities carried out by the UK volunteers are administrative or clerical in nature at Sacred Heart House, and the Little Way Association promotes the message of St Therese and encourages prayer for the missions at its Theresian Centre in Walsingham. This is equivalent to an average of 80 volunteer hours per week.
31
The Little Way Association Notes to the Accounts for the year ended 31 August 2020
17 Contingent assets
There are funds held in a Discretionary Trust according to the Will of the late Miss Elizabeth Wyndham Adeane (died on the 12th of December 2008) which will be distributed to the beneficiaries, one of which is the Little Way Association. The conditions and details for the distribution are as follows:
a) For not more than 1 year from her death to apply the capital of the Trust Fund for the benefit of such of her Beneficiaries as her Trustees think fit
b) To apply the income of the Trust Fund for the benefit of such her Beneficiaries as her Trustees think fit or (for not more than 21 years from my death) to accumulate the whole or any part of it
c) Within 80 years of her death to end these trusts by distributing the Trust Fund among such of her Beneficiaries as her Trustees think fit
d) To exercise their discretionary powers over capital or income when and how they think fit without having to make payments to or for the benefit of all her Beneficiaries or to ensure equality among those who have benefitted
So far, £75,000 has been received and recognised in the accounts but it is impractical to make any financial disclosures in the accounts regarding the rest of the funds related to this legacy. Also, the solicitor firm who is dealing with this case is Sprake & Kingsley. File reference: FJD.DP.ADE001/006 Tel: 01986892721
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The Little Way Association Schedule to the Profit and Loss Account for the year ended 31 August 2020
for the information of the trustees only
| Administrative expenses Employee costs: Salaries and wages Employer's NI Pension costs Administration: Telephone Travel and subsistence Insurance Bank charges Exchange losses / (gains) Premises costs: Rates Light and heat Repairs and maintenance Miscellaneous expenses: Sundry expenses Subscriptions Chapel and altar Depreciation Total Management and Administration Audit fees Accountancy Other Consultancy fees Legal and professional costs |
2020 £ 112,563 5,738 10,729 129,030 4,691 4,248 3,837 6,618 48,895 68,289 12,062 14,013 7,753 33,827 2,921 446 7,090 10,457 6,614 248,217 3,250 6,660 600 15,000 5,503 31,013 |
2019 £ Restated 107,720 5,746 9,716 123,182 2,997 3,644 3,808 6,008 (38,256) (21,799) 11,474 12,656 6,662 30,792 1,727 422 7,117 9,266 6,788 148,229 3,250 6,660 600 14,000 4,803 29,313 |
|---|---|---|
33