**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
1
## **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.
2
## **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:
3
## **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:
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
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:**
4
## **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.
5
## **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.
6
## **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
7
## **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).
8
## **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).
9
## **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.
10
## **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).
11