Charity re¥i5tratioii number.. 241556 Catholic People's Weeks ki)own as cpw Annual Report and Financial Statements for the Year Ended 31 December 2022 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5LG
Catholic People's Weeks Imown as CPW Contents (eontinued) Reference and Administrative Details TNstses' Report 2to4 Independent Examiner's Report Statement of Financial Activities 6t07 Balance Sheet Notes to the Financial Siatements 9t015
Catholic People's Weeks Imown as CPW Referenee and Administrative Details Trustees Patricia Worden, President Barbara Wilson, Chair Robert Cool Secretary Liz Dingle, Treasurer Michael Willcox Rebekah O'K¢effe Brid Fitzpatrick Mary Huckfield Pablo Guidi Gabriela Todd Charity Registration Number 241550 Principal Offiee 9 Buccleuch Avenue Clitheroe BB7 2DZ Independent Examiner John O'Brien, employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5LG Page I
Catholic People's Weeks Imown as CPW Trustees, Report The tStee5 present the annual report together with the financial ststeTnent5 of the charity for the year ended i I December 2022. Structure, governance and management Nfjlure ufgoveriiin¥ documenl The chariiy is operated under ihe rules of its constitution adopted 5th August 1962. Recruilmenl appoinlnienl ofiruslees Trustees are recruiied from the membership. Members are asked at each event they attend if they are interested in being on the committee. They are also asked M,hen notified of the BGM wheiher they want to put themselves foNard for any vacant pt>sitions. They are then voted on at the BGM. Members can also be co-opted onto the committce by the Trustees at any point. Objeetives and aetivities Ohjects aim.% The object5 of CPW are the promotion of the education of Catholics iii their faith and its practice and the deepeniiig of the Christian life in home, parish. place of work and society, by the holding of residential and other prouramines 501ne of wliich are adult only, Some of which cater for all ages. Objectives, slrulexies ullddcllvilles CPW runs resideniial courses, from 2 to 7 days. duration, to help members deepen their understanding of the Catholic faith. Some coiirses are for all-age groups including children,. oihers are for adults only. All combine study with recreation and the chance to live (briefly) in community. Since lockdown. CPW has also organised on-line events with members meeting on Zoom. Apan from the very first event (which was to replace the planned in-person event in summer 20901, these are usually day or evening events. Membership is open to all Roman Catholics and peL)ple in sympathy with the Catholic tradition. Public benefil CPW provide5 a public beiiefit by increasing the knowledge and understandin¥ of the Ck)tholic faith by its rnetnbe, and helpiiig its metnbers learn about livin¥ in comTnunity. The rrustees confinn that they have complied with Ihe requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
Catholic People's Weeks Imown as CPW Trustees, Report (eontinued) Aehievements and performanee We held three residential events in 2022.. a Helpers, weekend in February in the Peak District, an all-age Walking weekend in May in the Gower and an all-age 'eek in August at Kintbury in Berkshire. The Walking weekend looked at meditation and nature whilst the Kintbury week was themed on 5 ways to wellbeing and how our faith impacts on this model. We also held on-line events incllldiiig input froin Greg Ryan in Febrnary on the current synodal process. This 'as followed up with several in-person regyional ineetings to discuss a CPW response. It concluded with an on-line event iii September before submittingF a response to the Bishop5 of England and Wale5. Another on-line event was our Autumn Lecture given by Dr Carn]ody Grey, looking at our responsibility to respond to the climate crisi5. We also continued our Wednesday Zoom prayer 5es5ions. These were held daily during Lent with a poemireflection being sent out to all niembers each day ii) preparation. After Easter the prayers moved to nionthly until Advent Mhen additional refleLiionslprayers were provided each week. In February we agreed to trial a new model of governance, with three people taking on the responsibilities of the c.hair. The proposal was that this Mould be an i1)riM arrangement whilst the organisatioi) spent some tiine detennining a future direction. This decision by the Trustees was ratified by the members at an on-line EGM. As part Lif this process, the Trustees held a strategic away day in October. Financial review At the end of 2022 we were in a good financial position. The general fund stood at £37,454 and the Bursary fund balance was £16.058. The balance on the general fund is more than the amount required by our reserves policy and we are looking at ways to bring it more in line with our policv. One L)f these is to put on a residential weekend for the development of our current and potential Helpers- the name given to the (usually) young adults that supervise the children's activities at our all age evenis. We received a generous legacy in 2022 from a long standing member which helped to improve the year end position. The balance on the Bursary fund is almost exactly the same as at the start of the year, although this is because the donations made to the fund during the year more or les5 matched the value of disbursement5. More iieeds to be doiie to proTnote the use of the Bursary fund we offered a 200/0 reduction in 202), for people who felt they iieeded a helping hand, biit iinfortunately the website couldn't be set up in time to inake this ai'ailable at the click of a button - something we hope to rectify for tUre events. The World Fund had a balance of just over £2,000, which will be passed onto overseas charities in 202i. The main financial risk faced by CPW is an event havin¥ to be cancelled and monies paid upfront bein¥ noii-refundable. Poliry oll reserves Our reserves policy requires us to hold between £1 1,000 and £25,000 to cover fluctuations in cash flow (paying for a residential centre before members have paid their bills) andlor the financial risk of an event having to be cancelled and monies paid upfront being non-refundable. Page 3
Catholic People's Weeks Imown as CPW Trustees, Report (eontinued) Statement of Responsibilities (within Trustees Report) The trustees are responsible for preparing the trustees, rcport and the financial statements in accordance with the United Kingdom Accounting Standard5 (United Kingdom Geiierally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charitie5 requires the tru5tee5 to prepare finaiicial ststements for each finaiicial }'ear which give a true and lair view of the state of alyairs of the charity and of the ii)coming resources and application of resources of ihe chariiy for that period. In preparing these financial staiements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. ob5etTre the methods and principles in the Charitie5 SORP; make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements: and prepare the financial stateinei)ts on the going ¢oi)¢em basis unless it is inappropriate to presume that the charity will continue in business. The irustees are responsible for keeping proper accliunting records that disclose '1th reasonable accuracy at any time Ihe financial posiiion of the charity and enable them to ensure that ihe financial siatements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regiilations 2008, and the provisions of the constitution. The trustees 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 tnjstees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's web5lte. Legi51atioii ¥oveming the preparation and dissemination of rinancial statements niay differ frotn le¥i51atioii in other jurisdictions. Approved by th¢ trnst¢es of th¢ charity on .2.ai.1.01202& signed on its behalf by.. Barbara Wilson Twstee Page 4
Catholic People's Weeks Imown as CPW Independent Examiner's Report to the trustees of Catholic People's Weeks IndepeThdent examiner's report to the tr115tee5 of Catholic People's Weeks I report to the trustees oli my examinatioii of the accounts of Catholic People's Weeks {the Charity) for the year ended 31 Decetnber 2022. Responsibilities and basis of report As the trustees of the charity j'ou are responsible for the preparation of the accounts in accordance with rhe requiremenis of the Charities Act 2011 {'Ihe Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my eyamination I have followed all th¢ appli¢abl¢ dire¢tions given by the Charity Commis%ion ullder section 145(5Xb) of the Act. Independent examiner's Statement I have completed my examination. I confimi that no matters have come to Iny attention in connection with the examination giving me cause to believe that in any Inaterial respect.. l. accounting records were nL)t kept in respect of the Charity as required by section 130 of the Act,. or 2. the account5 do not accord with those records,. or 3. the accounts do not comply with the a¢ctsunting requiitmtnts conceming the ftsrn) and content of aLcoui)ts set tsut in the Charities {Ac¢ounts and Reports) Regulatioi)5 2008 other than any ie4uirement that the accounts give a 'true and fai view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneciion 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. i¥ii l¥l. F'.41.4. F'CCA. FCIE, employee ol'cominuiiity Accounting Plus Fellow of the Association ol'charity Independent Examiners Units l & 2 North West 41 Talbot Street Notiingham NGI 5LG Date.. 3111012023 Page 5
Catholic People's Weeks Imown as CPW Statement of Finaneial Activities for the Year Ended 31 December 2022 Total 2022 Total 2021 Unrestricted Restricted Note Income and Endowments fro. Donations and legacies Charitable activities Investment income 3,761 21,146 127 3,761 23,439 127 735 28,308 279 2,293 Total Income 2.293 27,327 29,322 Expenditure on.. Charitable activities (23,090) 18661 (23,956} (35,310} Total Expenditure (?3,090) 18661 (23,956} (35,310} Net movemeiit in funds 1,944 1,427 3.371 {5,988} Reeoneiliation of funds Total funds brought forward 35,510 17.368 52,878 58,866 Total ndS catTied fovard 10 i7,454 18,795 56,249 All of th¢ ¢harity's a¢tivities derive from Continuing operations diiring the above two periods. The funds breakdo for the period is shown in note 10. The notes on pages 9 to 15 forni ali integral part of these financial siatements. Page 6
Catholic People's Weeks Imown as CPW Statement of Financial Aetivities for the Year Ended 31 December 2022 (eontinued) These are the figure5 for the previous accounting period and are included for comparative purposes Total 2021 Unrestrieted Restricted Note Income and Endowments from: Doiiations aiid le¥acie5 Charitable activities Investment in¢ome 735 7i5 25,761 279 2,547 28,308 279 Total lii¢ome 26,775 2,547 29,322 Expenditure on.. Chariiable activities (24,126) (35,310} Total Expenditure (24,126) (35,310} Net movement in funds 18,637) 15,988) R¢con¢iliation of funds Total funds brought forward 32,861 26,005 58,866 Total funds carried forward 10 i5,510 17,368 52,878 The notes on pages 9 to 15 forni ali integral part of these financial siatements. Page 7
Catholic People's Weeks Imown as CPW {Registration number: 241556) Balanee Sheel as at 31 Deeember 2022 2022 2021 Note Current assets Debtors Cash at bank and in hand 1,999 55.104 1,703 54,282 57,IOi 55,985 Creditors: Amounts falling due within one year (854) 13,107) Net assets 56.249 52,878 Funds of the charity: Restricted income funds Restricted funds 10 18,795 17,368 Unrestricted income funds Unrestricted funds 37,454 35,510 Total funds 10 56,249 52,878 The finai)¢ial stateinet)ts 01) pages 6 to 15 were approved by the trnstees, and authorised for issue 01) 2fj1.1.Ql.2.3.. and signed on their behalf by.. Liz DiJi¥le Trustee The notes on pages 9 to 15 forni ali integral part of these financial siatements. Page 8
Catholic People's Weeks Imown as CPW Notes to the Finaneial Statements for the Year Ended 31 Deeember 2022 Accounting polieies Statement of COpIlanCe The financial statements have been prepared in accordance '1th the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reponing Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Catholic Pcoplc's Weeks meets the definition of a public benefit entity under FRS 102. Assets and liabilities are iiiitially recognised at historical ¢ost or trdnsaction value unless othenvise stated in the relevant ac¢ounting policy iiot¢s. Exemption from preparing a cash flow statement The charity. opted to earlj. adopt Biilletiii I published on 2 February 2016 and have therefore not ii)cluded a cash flow statement in these financial statements. Going concern The financial statemeiits have been prepared 011 a goiiig concem basis. The trustees assess M'hether the use of going concem 15 appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt 01) the ability of the charity to eoi)tinue as a going concem. The trustees make this assessment in respect of a period of one year Irom the date of approval of the financial statements. Income and endowment5 Voluntary inctsme including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised w'het) the charity has entitleinet)t to the income, it is probable that the income will be received and the amount can be measured wilh sufficient reliability. DonlllioRs and legocies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measllred. Deferred Income Deferred income represents amounts received for future periods and is released to ii)coming resources ii) the period for which, it has been received. Such ii)come is only deferred when.. The dL)nor specifies that the grant or donation must only be used in future accounting periods: or The dL)nor has imposed condiiions which must be met before the charity has uneondiiional entitlement. IVeS1lentIncoMe Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Page 9
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) Expenditure All expenditure is recognised once there is a legal or constructive obligatioii to that expenditure. it is probable settlement is required and the amoiiiit can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular heading5 they have been allocated on a basis con51Stent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's iise. Other support costs are allocated based on the spread of staff costs. Churltuble ueliwllies Charitable expendiiure Comprises those costs incurred by the charity in the delivery of its activiiies and services for irs beneficiaries. li includes both costs that can be allocaied directly io such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter i Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ extellt that such income or gains are applied exclusively to ¢haritable purposes. Trade debtors '[ rad¢ d¢btors ar¢ amounts due from customers for merchandise sold or services perfomi¢d in th¢ ordinary course of biisin¢ss. Trade debtors are recognised initially at th¢ transaction price. They ar¢ subsequently measured at amortised ¢ost usiiiu the effective iiiterest method, less provision for impainnent. A provi5ioii for the impainnent of debtors 15 established when there 15 objective evidence that the charity will Jiot be able to collect all amounts due accordinbT to the orig7inal tern]5 of the receivables. Cash and cash equivalents Cash and cash equivaleiits comprise cash on hand and call deposits, and other 5hort-te]Th highly liquid investmeiits that are readily convertible to a knowii amount of cash and are subject to an iiisignificant risk of change li) value. Trade creditors Trade credittsrs ale obligatioi)s to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable art elassifjed as current liabilities if the Charity does i)ot have an unconditional right. at the end of the ieptsrting peiiod, to defer settleinei)t of tl)e creditor for at least twelve months after tht reporting date. If thert is an unconditional right to defer settlement for at least twelve n)onths after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaetilin price and subsequently measured at amortised cost using the effective interest method. Page 10
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) Fund strueture Unrestricted income funds are general ndS that are available for use at the trustees, discretion in furtherance of the objcctives of the charity- Restricted iiicotne fund5 are those donated for use in a particular area or for specific PUTP05es, the use of which is restricted to that area or PUTPOSe. 2 Income frorn donations and legaeie5 Unrestricted funds General Total 2022 Total 2021 Donations and legaeies; Donations from individuals 3,761 3,761 735 3,761 3,761 735 3 Income from eharitable activities Unrestricted fund5 General Restricted fund5 Total 2022 Total 2021 Dojiations 2,293 2,293 2,015 880 Gift aid Subscriptions Resideniial weeks 1,492 19.654 1,492 19,654 1,558 21,146 2,293 23,439 28,308 4 Investment income Unrestricted funds General Total 2022 Total 2021 Interest receivable and SiTnilar income. Interest receivable on biink deposits 127 127 279 5 Expenditure on charitable activities Unrestrieted funds Gencral Restrieted funds Total 2022 Total 2021 Materials 179 179 1,040 Page 11
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) Unre5trieted fund5 General Restricted fund5 Total 2022 Total 2021 Accommodation & meals Affiliations 19,523 45 196 (507) 19,016 45 196 1,373 365 850 19,607 45 190 2,177 418 420 Bank charges Bursary distributions Insurances Speakei costs Travel World fund distributions Website Professional fees Administration Bad debt provisioi) Weeks costs 1,373 365 850 394 394 894 8,981 1,058 480 823 823 524 524 10 65 10 65 23,090 866 23,956 35,310 6 Independent eaMiner'S fees During the period, the fees payable (excluding VAT) to the charity's independent examiner Cominunity Accounting Plus are analysed as follows.. 2022 2021 Independent examii)ation 420 400 420 400 Page 12
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) 7 Taxation The charity is a registered charity and is therefore exempt from taxation. 8 Debtors 2022 2021 Trade debtors Prepayments 545 1,454 500 1,999 1,70i 9 Creditor5: amounts falling due within one year 2022 2021 Trade creditor5 Other creditor5 Def£ed income 2.107 480 520 504 350 854 3,107 Page 13
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) 10 Funds Balance at 31 December 2022 Balance at I Januarj. 2022 Incoming resources Resource5 expended Unrestricted funds Gener1 General fund 35,510 25,034 (23,090) 37,454 Restricted funds Bursary, fund Wlirld fund Traini1)¥ fund 16,064 1,106 198 1,367 926 (1,373) 16,058 2,032 705 507 Total restricted fund5 17,i68 1866} 18,795 Total funds 52,878 27,327 (23,956) 56,249 Balance at 31 December 2021 Balance at I Januarj. 2021 Incoming resources Resour¢e5 expended Unrestricted funds Gener1 General fund 32,861 26,775 (24,126) 35,510 Restricted Bursary, fund World fund Trainii)g fui)d 17,264 8.543 198 978 1,569 (2,178) (9,006) 16,064 1,106 198 Total restricted fund5 26,005 2.547 17,368 Total funds 58,866 29.322 (35,310) 52,878 The specific purposes for which the funds are to be applied are as fLIIIows'. The Bursary fund is to provide discounts on the cost of events to those who would not otherwise be able to afford to join. It also provides discounts for large families {) or more children) and for carers of members attending an event in Ihai role. The World fund donations are collected from members. and passed onto the overseas charities, with particular charities being nominated at each event. The Training fund was given to us by CCLA for the provision of an annual lecture. Since the first lecture in 2019 the annual lectures have all be on-line and have not incurred direct costs. As soon as we are able to hold an in-person event it is expected that this fund will be fully discharged. Page 14
Catholic People's Weeks Imown as CPW Notes to the Finaneial Stalements for the Year Ended 31 Decen)ber 2022 (continued) l Analvsis of net assets between funds Unrestricted 2022 Total funds General Restricted Current assets Current liabilities 38,307 (854) 18,796 57,103 {854) Total net assets 18,796 56,249 Unrestrieted 2021 Total funds General Restrieted Cutrent assets Current liabilitie5 38.617 (3,107) 17,368 55,985 13,107) Total net asset5 35,510 17,368 52,878 12 Trustees remuneration and expenses During the period 3 Trustees received reimbursement for expenses including travel, administration and materials totallin¥ £214. No trustees. nor any persons connected with them, have received any remuneratioii from the charity during the year. No triistees hav¢ received any other benefits from the charity during the year. Page 15