Registered Charity Number: 241225
CATHOLIC HOUSING AID SOCIETY (WEST LONDON) TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
BEEVER AND STRUTHERS CHARTERED ACCOUNTANTS
CATHOLIC HOUSING AID SOCIETY (WEST LONDON) CONTENTS PAGE FOR THE YEAR ENDING 31 DECEMBER 2021
| Contents | |
|---|---|
| Page | |
| Charity Reference and Administrative Details | 1 |
| Trustees’ Annual Report | 2-3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Financial Statements | 7-11 |
CATHOLIC HOUSING AID SOCIETY (WEST LONDON) CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDING 31 DECEMBER 2021
Trustees
The Trustees who have served from 1[st] January 2021 up to the date of approval of these financial statements were as follows:
Mr Gerald Damien Soane – Chairperson Mrs Noreen Villiers – Secretary Mr Patrick Joyce - Treasurer Mr Tony Chui Mr Jeremy de Souza Mr Timothy O’Donoghue Mrs Gill Slater Mr James Cruise
Registered Charity Number
241225
Governing Document
Registered Address
Trust Deed dated 26 February 1965
46 Bradley Road London SE19 3NS
Contact Address
Mr Patrick Joyce 16 High View Close Upper Norwood London SE19 2DS
Independent Examiners
Michael Tourville Beever and Struthers 15 Bunhill Row London EC1Y 8LP
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDING 31 DECEMBER 2021
Structure, governance and management
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements. The Trustees have elected to produce receipts and payments accounts under section 133 of the Charities Act 2011.
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 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.
The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Charity is governed by Trust Deed dated 26 February 1965 as an unincorporated charity.
The Charity is managed by a Committee of Management and individual members shall be elected for a period not exceeding four years, initially for one, two, three or four years.
The induction and training of new members is undertaken by Trustees who have been on the Board for many years.
Objectives
The Charity is established for the charitable purpose of assisting persons of limited means in case of social hardship or economic misfortune upon terms appropriate to their means, whether members of the Charity or not, to find living accommodation by:
(a) financing such persons by donations, loans or giving guarantees for loans made by third parties, with or without security in the purchase of freehold or leasehold properties or taking of leases of such properties to be wholly or partly for their personal occupation; or
(b) purchasing freehold or leasehold properties as living accommodation for such persons with or without payment of rent; or
(c) doing all such other things as are incidental or conducive to the attainment of the above objects or any of them, including in particular but without prejudice to the generality of the foregoing borrowing or raising money in such amounts and manner and upon such terms as the Charity shall think fit.
Public Benefit Statement
The Charity has due regard to guidance published by the Charity Commission on public benefit. The Charity operates to aid persons of limited means in case of social hardship or economic misfortune to find living accommodation. All our charitable activities, defined by our objectives, are for the public benefit.
Achievements and performance
Grants and Legacies
During the financial year ended 31 December 2021 total grants for £17,647 (£24,543) were made. See Note 4 for details. A legacy of £79,179 was received (2020: £0) and £79,165 invested, the difference being unexpected interest received.
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) TRUSTEES’ ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2021
Financial review
The policy of the Trustees is to invest in a way that ensures sufficient funds are available to allow the Trust to continue to support individuals or housing charities with similar aims.
The Charity and the Trustees currently hold money in four separate accounts, a current account, deposit account and two investment accounts. The COIF investment accounts have paid out £6,077 of dividend payments in the current year. The COIF deposit account has received £2 of interest payments in the current year. The Charity provide various small donations and grants made by the Trustees. The Trustees do not currently invest in any other instrument or investments.
Reserves policy
The level of reserves held is £227,561 and are all unrestricted (2020: £157,893, all unrestricted). The Trustees continue to search for grant making opportunities within the terms of the Trust. In the opinion of the Trustees, the reserves are sufficient for the current needs of the Trust.
This report was approved by the Trustees on the 21 April 2022 and signed on their behalf by:
Gerald Damien Soane Chairperson
Date:
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDING 31 DECEMBER 2021
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 5 to 11.
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 Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records
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.
.
Michael Tourville ACA
Beever and Struthers Chartered Accountants 15 Bunhill Row London EC1Y 8LP
Date:
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Income and endowments from: Donations and legacies Charitable activities Investment Income 2 Other 3 Total income and endowments Expenditure on: Grants Made 4 Governance Costs 5 Other 7 Total expenditure Net income / (expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds Total 2021 £ £ 79,779 79,779 - - 6,080 6,080 2,213 2,213 88,072 88,072 17,647 17,647 757 757 - - 18,404 18,404 69,668 69,668 - - 69,668 69,668 157,893 157,893 227,561 227,561 |
Unrestricted funds Total 2020 £ £ 600 600 - - 5,456 5,456 1,309 1,309 |
|---|---|---|
| 7,365 7,365 24,534 24,534 678 678 19 19 |
||
| 25,231 25,231 (17,866) (17,866) - - |
||
| (17,866) (17,866) 175,759 175,759 |
||
| 157,893 157,893 |
All income and expenditure is unrestricted and derives from continuing activities.
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021
| Note Fixed assets Current assets Cash at bank and in hand Current Asset Investments 10 Creditors: amounts falling due within one year Net Current Assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net Assets Charity Funds Restricted funds Unrestricted funds 9 Total Charity Funds |
2021 £ - - 18,396 209,165 227,561 - 227,561 227,561 - 227,561 - 227,561 227,561 |
2020 £ - |
|---|---|---|
| - 27,893 130,000 |
||
| 157,893 - |
||
| 157,893 | ||
| 157,893 - |
||
| 157,893 | ||
| - 157,893 |
||
| 157,893 |
The financial statements were approved and authorised for issue by the Board on 21 April 2022 and signed on behalf of the Board of Trustees by:
Signature
Signature:
Name:
Name:
The notes on pages 7 to 11 form part of these financial statements.
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
LEGAL FORM
Catholic Housing Aid Society (West London) is a registered unincorporated charity in England (registration number 241225) and is governed by its Trust Deed dated 26 February 1965. The registered office is 46 Bradley Road, London, SE19 3NS.
1 PRINCIPAL ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the receipts and payments basis. The Trust was formed on 26 February 1965 for charitable purposes.
The financial statements have been prepared in accordance with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
Incoming resources
Giving and other voluntary income is recognised when it is received.
Outgoing resources (expenditure)
Expenditure is recognised when it is paid. Amounts are stated inclusive of VAT as the charity is unable to recover this.
Restricted and designated funds
Funds received for specific purposes are funds restricted for use for that purpose. The Committee of Management may designate part of the accumulated surplus for certain purposes. In either case those funds are shown separately in the accounts.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 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.
Financial instruments
Financial instruments such as cash are classified either as basic or complex. All financial instruments are initially measured at their cost at the time the transactions occur. Subsequently all basic instruments are measured at cost and any complex financial instruments are measured at cost.
Financial instruments held by the Charity are classified as follows:
-
Cash is held at cost
-
Current asset investments are held at cost
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 INCOME FROM INVESTMENTS
| COIF Investment Fund Dividends COIF Deposit Fund Interest |
2021 £ 6,078 2 6,080 |
2020 £ 5,431 25 |
|---|---|---|
| 5,456 |
All income from investments is unrestricted (2020: £5,456 unrestricted).
3 OTHER INCOME
| Members subscriptions Refunded grants |
2021 £ 9 2,204 2,213 |
2020 £ 9 1,300 |
|---|---|---|
| 1,309 |
All other income is unrestricted (2020: £1,309 unrestricted).
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
4 ANALYSIS OF RESOURCES EXPENDED
| Grants Made SVP Forest Hills/Kingsley Nwafornso SVP West Croydon/Owusu SVP Herne Bay/Carragher SVP Herne Bay/Dignham SVP Banstead/Webster SVP West Norwood/Jones SVP Hexham/Judith Frost Manna Society Homelink SVP Southall/Hallal SVP Nth Norfolk/Jordan Hughes SVP Herne Bay/Turner SVP Gt. Yarmouth/Ribeiro SVP Whitstable/Slater SVP Highbury/Nzilako SVP Whitstable/Lewis SVP Nth Norfolk/Samson SVP Islington/Huggins SVP Northampton/Ogunyinimi SVP Nth Norfolk/Singleton SVP Sale/Babatunde SVP Nth Norfolk/Taylor SVP Northampton/Anne Maguire SVP Birkenhead/Cannon SVP Whitstable/Scott SVP Herne Bay/Payne SVP Ipswich/Peacock SVP Nth Norfolk/Maddox SVP Wirral/Kee SVP Herne Bay/Ben Ling SVP Birkenhead/Montgomery SVP Orpington/Anu & Jaya SVP Wallasey/Brumfitt SVP Highbury/Brewer SVP Highbury/O'Brian SVP Wallasey/Breen SVP Whitstable/Elliott SVP Nth Norfolk/Eliot SVP Highbury/Clifton SVP Herne Bay/Hewett SVP Whitstable/Hellery Total Grants Made |
Unrestricted Funds Total 2021 Total 2020 £ £ £ - - 2,183 976 976 - 1,400 1,400 - 421 421 - - - 2,067 350 350 - - - 950 2,000 2,000 1,000 2,000 2,000 1,000 - - 918 - - 1,300 800 800 - - - 540 1,500 1,500 - - - 750 - - 1,427 - - 1,175 - - 500 - - 2,000 - - 2,002 - - 500 - - 1,300 548 548 - - - 1,200 - - 1,070 - - 782 - - 320 - - 1,000 - - 250 570 570 - 553 553 - 1,100 1,100 - 440 440 - 500 500 300 400 400 - 255 255 - 420 420 - 490 490 - 1,000 1,000 - 1,540 1,540 - 384 384 - |
|---|---|
| 17,647 17,647 24,534 |
All expenditure is unrestricted (2020: £24,543 unrestricted).
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 GOVERNANCE COSTS
| Trustee expenses Secretarial Expenses Independent examiners remuneration Room Hire and Refreshments |
2021 £ 27 60 576 94 757 |
2020 £ 77 51 550 - |
|---|---|---|
| 678 |
All expenditure is unrestricted (2020: £678 unrestricted).
6 INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to an independent examination fee excluding VAT of £480 (2020: £458).
7 OTHER COSTS
| Website set-up Bank charges |
2021 £ - - - |
2020 £ 19 - |
|---|---|---|
| 19 |
8 TRUSTEES' AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
There were no employees in the current year (2020: none). The Trustees neither received nor waived any remuneration during the year £nil (2020: £nil). No Trustee or staff earned more than £60k in the year.
Only one Trustee had reimbursed expenses during the year amounting to £27 in relation to meeting costs (2020: one Trustee had reimbursed expenses of £77 in relation to meeting costs).
There were no related party transactions identified in the year (2020: £nil).
9 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Cash and current investments Other current assets / liabilities Creditors more than one year Total |
Unrestricted funds Total £ £ - - 227,561 227,561 - - - - |
|---|---|
| 227,561 227,561 |
All income and expenditure is unrestricted.
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CATHOLIC HOUSING AID SOCIETY (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
10 CURRENT ASSET INVESTMENTS
| Cost As at 1 January 2021 Additions As at 31 December 2021 |
COIF Invest COIF Invest 2 Total £ £ £ 130,000 - 130,000 - 79,165 79,165 |
|---|---|
| 130,000 79,165 209,165 |
11 CAPITAL COMMITMENTS
There are no capital commitments as at 31 December 2021 (2020: £nil).
12 OPERATING LEASES
The Charity did not have any operating leases in the year (2020: none).
13 TAXATION
Catholic Housing Aid Society (West London) is a registered charity and is thus exempted from taxation of its income and gains falling within section 524 of the Income Tax Act 2007 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year (2020: £nil).
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