Chariry registration number= 241556 Catholic People's Weeks known as cpw Annuaj Report and Financi Statetnent5 for the Year Ended 31 December 2021
Catholic People's Weeks kDown as CPW Content5 Referenec and Administrative Details Trustees. Report 2to3 Independent Examin¢rfs R¢w)rt Statement of Finan¢ial Activities Sto6 Balance Sheet Notes to ihe Financial Statements 8t014
Catholic People's Weeks known as CPW Reference and Administrative Details Trnstees Patricia Worden. President Barbara Wil$on, Chair Robert Cook. Secretary Liz Dingle. Treasurer Mtcha¢l Will¢ox Rebekah O'Keeffe Brid Fitzpatrick Mary Hu¢kfield Pablo Guidi Gabriela Todd Chjrity Regl$ttgtlott Number 241556 Prkn¢ipAI Offite 8 Buccleuch Avenue Cliiheroe BB72DZ Independent Ex9miner John O'8rien. employee of Cornrnunity Accounting Plus Units l & 2 North West 41 Talbtst Street Notting?hwn NGI 5LG Page I
Catholi¢ People's Weeks known as CPW Truslees, Report The tTU$tees pr¢sent the annual reptsrt togdher with the finan¢ial statements of the chariiy for the year ended 31 December 2021. Objectives #nd activities Objects oim The objecis of CPW are the protnotion of the education of Catholics in their faith and its practice and the deepeiiing of the Chrisiian life in home. parish. place of work attd s(Kiely, by the holding of residential and other programm¢s which eater mainly bul not exclusively for the whole family. Objeclives, stra¢egies and qclivilies CPW runs resideniial courses. from 2 to 7 day5, duration. to help members deepen their und¢r$tandirtg of the Catholic faith. Some courses are for all-age groups including Children: others are for adults only. All Combine study with recreation and ihe chance to live (briefly) in ¢ommllnity. Since lockdown, CPW has also organised on-line events wtth members meeting on Zoom. Apart from ihe very first event {whi¢h was to replace the planned in-person event in swnmer 20201. these are usually day or evening events. Membership is open to all Roman Catholics and people in sympathy with the Catholic irddition. Publie benefii CPW provides a public bEnefit by increasing the kthowled8e and understanding of the Catholic faith by its members. and helping its members learn about living ID community.. The ¢nJstees confirtn that they have Complied with (he requirements of section 17 of the Charities Act 2011 to have due re8ard lo the public benefit guidance published by the Charity Cotnrnission for England and Wales. Aehievement$ 9nd performAnce We held 3 main residential events in 2021: in Kinibury in the south. AllensfoTd in the north and a walking week in PenniaenTnawr. Wales. We also org&nised an online weekend on the theme of prophecy. and several one daylevening on-line lectures and discussion ¢vents, ineluding our delayed BGM in May. Wc continued to provide x w¢¢kly opportutjity for on-line prayers which w&5 very rnu¢h appreciated. noi le&st as a way of maintaining community at a time when travel and face-to-face meetings were Festrkcted by the ¢ovid paThdemic. Fin#n¢i#l review The ¥eneral fund stood 01 a littl¢ over £J4,(100 01 the end of the period. This is more ihan the amount requtred by our reserv¢5 policy bui it has been ditTtcult lo u¢ilise the additional reserves Mhen we ar¢ unabl¢ to put on as many residential events in pre-¢ovtd iim¢s. The Trus¢¢es have considered other options for the use of thes¢ runds and in 2022 have pui on a rtsideniial weekend for the dtveloptnent of our rurTent and wtential Helpers (the name given to the lusuallyl youn¥ adults that supervise the children's activities at our all age ¢v¢rttsl. The bursary fund stood al just oveT £16,000. Whilst thi5 1% 1¢$$ than at the start of the year. rnore needs to be done lo promote the use of the bursary fund asain dtfficult whcn fewer events are rllnning. The World Fund had a balance of just over £1,000. with most of the funds held at ihe beginnin8 of the year now passed onto the relevant overseas ¢harities. The main financial risk faced by CPW is an event having to be cancelled and monies Wdid upfrotlt being non-refundable. Page 2
Catholic People's Weeks known as CPW Trustees, Report Polio? on serVeS Our reserve5 policy Tequires us to hold between £1 1.000 and £25.(M>O to cover flu¢tuation5 in cash flow (paying for a residential centre before rnembers have paad their bills) andlor the financial risk of an event havin8 to be ¢¢¢17¢d and monies paid upfront being non-refundable. Structure governance And mgnagement Naiure ofgoveruing dment The ¢hariiy is operated under the rnl¢s of ils ¢onstituiionltrust d¢ed adopted 0000 and most recently amended 0000. RecrMi¢menl andopp(pinimenl tru5tee5 Trustees are recruited from th¢ In¢tnb¢rship. Members are asked at each event they attend if (hey are interested in being on the committee. They are also asked when notified of the BGM whether they wani to put themselves forward for any vacant position5. They are then voted on at the BGM. Mcmbers can also be co-opted onto the ¢OTnrnittee by tht TTUStees at any point. Statement of Trustees, Respon5Rbilities The trustee5 are respon%ible for preparin¥ the tru5tee5' retK)rt and the financial 5taternents in accordance with the UDit¢d Kingdorn A¢counting Stsndard5 (United Kingdom Generally Accepted Accounting Praciictl and applicable law and regulations. The law applicable to chaTilie5 Tequire5 the trustees to prepare financial 5tatement5 for each fiiiaiicial year which give a tru¢ and fair vi¢w of thc stale of affairs of Ihe charity and of Ihc incomin8 resources and application of resources of the Charity foT that pertod. In preparing these financial sthtements, Ihe trust¢es are required ro.. select suitable accounting polici¢s and then apply them consi5tently observe the methods and princip1¢5 in the Charities SORP,. make judgements and eslirnates that are reasonable and prudent.. stale whether applicable accounting standards have been follo,¢d, subject io any material departures dis¢los¢d and explained in the financial statements- and prepaTe th¢ finan¢ial stat¢ni¢nt5 ori the going con¢em basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper ac¢ounting records that disclose with reasonable accuracy at any time the financial position of the ¢harity and enable theni lo ensiire that the financial statements comply with the Charities A¢t 201 l. the applicable Charities (Accounts and Reports) Reoulaiions. and the pn)visions of the ¢onstiiuiion. The trustees are also responsible for safeguarding the assets of the charity and hence for taking r¢asortabl¢ st¢ps for the pr¢v¢ntion and detection of fraud Qnd other irregularities. and signed on its behalf by.. Barbskra Wilson Trustee Pa8e 3
Catholic People's Weeks known as CPW Independent Examiner's Report to the trusteeg of Catholic People's Weeks Independent exY4rniner'$ rep)rt to the trystees of Ctholic People's Weeks l report to the tTUStees on my ¢xaminatton of the accounts of Catholic People's Weeks (the Charity) for the year ended 31 Dec¢mber 2021. Responsibilities and ba515 of report As the trustees of the charity you are resportsible for the preparation of the accounts in accordance with the requirements of ihe Charities Act 2011 {'the Act'}. I report in respeci of my examination of the Charity'5 accounts carried ollt under section 145 of the 2011 Act and in CayIng out my examination I have folloived all the applicable dir¢¢tions given by the Charity Commission under Section 145{51(b) of the Aci. Independent exmlner'$ statement I have cornpl¢t¢d my examinatton. I confirm that no matters have come ¢0 my attention in conllection with the ¢xamination giving m¢ ¢aMse lo b¢lieve that in any material respect.. accounting records w¢r¢ not kept it) respect of the Charity as required by section 130 of the Act. or 2. lh¢ accounts do not accord with those re¢ords; or 3. th¢ accounts do not Comply with the aecounting requiretnents ¢on¢eming the fomi and content of accounis set olli in the Charities (Accounts and RepK)rtsl Regulations 2008 other than any requirement that the a¢Unts give a 'true and fail view which is not a mait¢r considered a5 part of an independent examination. I have tLO con¢¢rns and have come across other tnatters in ronne¢¢ion with the examination to whith att¢niion should be drawn in this report in order to enable a proper und¢rsiatkding of the account5 to b¢ r¢A¢h¢d. rien Msc, FCCA. FCIE. employee of Community Accounting Plus Fellow of the Asso¢iarion of Charity Independcnt Examiners Units l & 2 North West 41 Talbot st¢t Nottingham NGI 5LG 31110122 Page 4
Catholic People's Weeks known as CPW Statement of Fillancial Activities for the Year Ended 31 December 2021 TotAI 2021 Ttstal 2020 Unrestricted Restricted Note Income and Endowments from: Donation5 and legacies Charitable activities Invesimeni income 735 25.761 279 735 28.308 279 565 17,365 379 2.547 Total Income 26.775 2,547 29,322 18,309 Expenditure on: Charitable activities 124,126) 135,3101 10,682} Total Exp¢nditur¢ 124,126} 135,3101 110,6821 Net movement in funds 2,649 18.637) {5.988) 7,627 Re¢onciliatioN of furEds Total funds brought forward 32.861 26.005 58,866 51,239 Total funds Carried fOrnrd 35.510 17,368 52,878 58,866 All of the charity's activitie5 derive from continuing operdtions durin8 the above two periods. The funds breakdown for the period i5 shown in note I l. The notes on pages 8 10 14 fomi an int¢grdl part ofthe5e financial statements. Pa8e 5
Catholic People's WeelLS known as CPW Statement of Financial Activities for the Ye8r Ended 31 December 2021 These the figures for the previous ac¢ouniing period and ore iDcluded for compxr•tlve purposes Total 2020 Unrestricted Restrieted Note Ineome 8nd Endowrnents from: Donations and legacies Charitable activities Investment income 565 7.501 379 565 17.365 379 9.864 Total In¢om¢ ,445 9,864 18,309 Expenditure on: ChlIable a¢iivities 17,9521 1?,7301 110,682) Total Exp¢nditur¢ 17,9521 2.730 10.682 Net movement in funds 493 7.134 7.627 Reconciliation of fuMds Total fi]nds brought forward 32,)68 18,871 51,239 Total funds c&rried forward 32.861 26,005 58,866 The notes ort pages 8 to 14 fonn an integraj part of these finan¢ial stai¢m¢nts. Page 6
Catholic People's Weeks known as CPW (Registration number: 241556) Balance Sheet as at 31 December 2021 2021 2020 Note Current 9ssets Debtors Cash at bank and in hand 1,703 54,282 (2,4301 64.855 55.985 62.425 Creditor&: Amounts falling due within one year 10 13.107} 13.5591 Net Assets 52.878 58,866 Funds of the ¢h*rity: Restricted ineome funds Restricted funds 17.368 26,005 Ilnrestrieted income funds Unresiricttd funds 35,510 32,861 Total funds 52,878 58,866 The financial staÈements on page5 5 to 14 were approved by the Injstees, and authorised for issue on ..11.10122.. and signed IheiT behalf by.. n81 Trustee The noies on pages 8 10 14 form an iniegral part of ihese financial statements. Page 7
Cv4tholic People's Weeks knolvtt as CPW Notes to the Financial Statements for the Year Ended 31 December 2021 l Aeeouotlng policies Statement of complignce The financial statements have been prepared in accordance with the second edition of ihe Charilies stsiem¢n¢ of Recommended Practice issued in October 2019. the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 atkd the Charities Act 2011. Basi5 of preparation Catholic P¢opl¢'s Weeks meets the definilitsn of A public benefit entity under FRS 102. Assets and liabilitie5 are initially recogrtised at hisiorical cost or transaction value unless otherwise stated in the r¢l¢vani accountin8 ]K)li¢y notes. Exemption from preparirtg g cg8h flow $tÈtement The ¢harity opted to adopt Biilletin I published on 2 February 2016 and have ther¢for¢ not included a cash flow stateTnent in thes¢ financial statements. Going coneern The financial statements have been prepared on a going concern basis. The trustees &ssess whether the use of going concern is appropriate i.e. whether there are any material uncenainties related to events or conditions that may cast signifi¢ani doubt on the abiliiy of ihe charity to ¢on¢inu¢ as a gotng ¢on¢em. The trustee5 make this assessment in resp¢ct of a period of one year from the date of approval of the financial slatemeftts. Income endowments Voluntary income including donataons, gifts. legacies and grants that provide core funding or are of a general nature Is reco8nised when the charity has entitlement to the income, it 15 probable that the income will be received and the amount can be measured with sufficient reliability. Donalions adIe£tI Donations 8nd legacies are recognised on a receivable basis when r¢¢eipi is probable and the amount ¢an be reliably measured. Deferred income Deferred income represents amounts received for future pertods and is leaSed to incomin8 re$gurces in the period for which. it has been rectived. Such income is only deferyed when.. The donor specifies that the grant or donation tnust only be used irt future accounting periods,. OT - The donoT h&5 imposed ¢ondiliOllS which must be met before the chariiy has nCOndItiOnal entitlement. Invejithenl incon Dividends ar¢ r¢cognised once the dividend ha5 been declared and notifscation h&s been rCl¥ed of the dividend due. Page 8
Catholic People's Weeks known as CPW Notes to the Financial Statements for the Year Ended 31 De¢¢mber 2021 Expenditure All expendiiure is recognised once there is a legal or eonsiruciive obligation to thai expenditure, it is probabl¢ settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditUTe heading that aggregate5 similar costs to that category. Where cost5 cannot be dircctly attributed to particular headings they have been allocated on a basis consistent with the u5¢ of resouTce5, with central staff costs allocaied on the b&%is of time spent. and depreciation charges allocated on the portion of the &sset'S U5¢. Other support COS15 are allocated based on the spreaé of Staff Costs. Choriluble oclivilies Charitable expenditure comprises those costs incurred by the ehariiy in the delivery of its activities and services for ils beneficiaries. It includes both costs that can be allocated directly 10 such activities and th05¢ f05ts of an indirect Natu ne¢essary to support them. T8xgtion The ¢harity is considered to pass the tests s¢t out in P&rdgraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK COTporation tax purposes. Accordingly. the chariry is potentially exempt frojn taxation in r¢spe¢t of income or capital gains received within ca¢egories covered by Chapter 3 Part I l of the CoTporation Tax Act 2010 or Se¢tion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incorne or gains are applied ex¢lusiv¢ly to charitable purpos¢s. Trade debtors Tradc debtors are amourtts de from customers for merchandise sold or %Tvi¢es perfornied in ihe ordiTWy ourse ofbusin¢ss. Trade debtors are recognised initially at the transaciion price. They are subsequently measured at amortised cost usin¥ the efrTecti¥e interesi method. less provision for impaiment. A provision foT the impainnent of debtor5 is esiablished when there is objective evidence that the Charity will no¢ be able tts colleet all amounis du¢ according to the original temis of the rCl¥ab]eS. Cash and cash equiv*lents Cash and cash equivalents comprise cash on hand and call dep051ts, and other %hort-tem highly liquid investments ihat are readily convertible to a known amount of cash and aT¢ subject to an insignificant risk of ¢han8e in value. Trade creditors Trade creditors are obligations to pay for goods or services ihai have been aCqUid in thc ordinary ¢our5e of business from supp15er$. Accounts payable are classified as Current liabilities if the charity does not have an unconditional right, * the end of the reporting period, to defer settleinent of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer Settlement for at le&st twelve months aft¢r the reporting date. they are prcsented as non-current liabilities. Trad¢ Creditors ar¢ recognised sniiidly Bt the irJnsactson prsce and subsequently rne854Jred at amortised cost using the effeciive interest method. Page 9
Catholic Peopl¢'$ Weeks known as CPW Notes to the Financial Statements for the Yegr Ended 31 D¢e¢mber 2021 structure Unrestricted income funds are general fund5 that are available for use ai th¢ trustees, discretion in furtherance of the objectives of the charity. Restri¢ied income funds are those donated for use in a particular area or for Specific purpos¢s. the use of which is restricted to ¢hat area or purpose. 2 In¢ome frorn don#tion$ and legacie5 Unrestricted funds Gemeral Total 2021 Totsl 2020 Donations and legacie5' Donations from individuals 735 735 565 735 735 565 3 Ineome from ¢hAritsble gctivi¢ies Ilnre5trieted fund5 GeTrer81 Restricted fund$ Total 2021 TotAI 2020 tk)nations Gift aid SubscTlPtions Residential week5 2.015 532 2.015 880 1.558 23,8.55 6,711 5.569 1,718 3,367 348 1,558 23.855 25.761 2,547 28.308 17,365 4 Investment intome Unrestricted fund$ Gener*1 Total 2021 Total 2020 Interest receivable and similar in¢ome.' Interest re¢¢ivable on bank dcposits 279 279 379 5 Expenditure on ch&ritable activitie$ Unrestricted funds General Restricted funds Total 2021 Totgl 2020 Page 10
Catholic People's Weeks known as CPW Note5 to the Finallcial Stat¢m¢nt$ for th¢ Y¢ar Ended 31 December 2021 Unrestriet¢d funds General Restricted funds TotAI 2021 Totsl 20211 Materials Accomniodation & meals AtTiliations Bank charges Bursary distributions Insurances Speaker costs Travel World fund distributitsns Website Professional fee5 Administration 1,040 19.607 45 164 1,040 19,607 45 4,568 45 26 2,177 62 2,177 418 420 894 8.981 1.058 480 418 406 266 420 894 8,981 2.730 950 1.034 621 1,058 480 24,126 11.184 35,310 10.682 6 Independent ex&tniner's fees During the period, ihe fee5 payable lex¢llldin8 VATI tts the charity's independent examiner Community AOUntIng Plus #re analysed as follows.. 2021 2020 Independent examination 400 400 Pagell
Catholic People'$ WeelLS known as CPW Noles to the Financial Statements for the Year Ended 31 December 2021 7 TAxation The charity is a registered charily and is therefore exempt from taxation. 8 Debtor5 2021 2020 Trdde debtors Prepayment5 1,203 500 12,9301 500 1,703 12.4301 9 CAsh and tash equiv8lents 2021 21120 Cash at bank 54,282 64.855 10 Creditors: f#lling due within one year 21121 2020 Trade creditor5 Other creditOT5 Deferred incomt 2,107 480 520 3.529 30 3.107 3,559 P8ge 12
Catholic People's Weeks known 8s CPW Notes to th¢ Financial Statements for the Year Ended 31 December 2021 I l Funds Balance At 31 Deeernber BAlance at I Jgnu8ry2021 Intoming resourc¢5 Resources expended 2021 Unresiricied funds Gelleral General fiEnd 32.861 26.775 {24.1261 35.510 Restricted funds Bursary fund World fund Training fund 17.264 .543 198 978 1,569 (2.178) 19.006) 16,064 1,106 198 Total restrieted funds 26,005 2,547 17.368 Total funds 58,866 29.322 {35.3101 52.878 Bgl*nee at 31 December 2020 Bal#n¢e 4t I J#nuary 2020 Ineoming re50uree$ Ruovr¢e5 expended Unrestrteied funds Generol GenerAI fund 32,368 8,445 (7,9521 32,861 Restricted Bursary fund World fund Training fund 12.987 5.686 198 4.277 5.587 17,264 8.543 198 (2,7301 Total re$tri¢¢ed funds 18,871 9.864 {2.7301 26,005 Total fuTrds 51,239 18,309 110,6821 58,866 Th¢ $pe¢ific pllr]x)ses for which ihe fwids are io be applied are as follows.. The BuJ5ary fund is to provide dis¢tsunis th¢ (051 of events to those who would not otherwise be able to afford to join. The World fund doThation5 Ère collected from member& at)d p8ssed onto the overseas charities. with particlar Charities being nominated ai each ewent. The Training fund wa5 given to us by CCLA for th¢ Provision of an annual leeture. Page 13
Catholic People's Weeks known as CPW Notes to the Finaneial Stalements for the Year Ended 31 December 2021 12 Angtysis of thet *sset$ between fllnd5 Unrestricted 21121 Totgl funds General Restrieted Current assets Current liabilities 38,617 13,107) 17.368 55,985 3,107 Total net assets 35,510 17,368 52.878 Unrestricted 2020 TotAI funds General Restricted Cuttent assets 36.420 13,5591 26,005 62,425 3.559 Current liabilitie Total net asseis 32.861 26.005 58,866 13 Tru$t¢es remunerAtiotL txpen$& During the period 5 Trustees reeeived reimbuT5etntnt for ¢xp¢nses including travel, administration aThd materials totalling £1,069. No irnst¢es. nor any persons cot)n¢¢ted with them, have received any mneratiOn from the charity during the No trustees have received any other benefits from the charity during the year. Page 14