2020-12-31-accounts - Our Lady Of Fidelity Established At Upper Norwood, London

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Report ofthe Trustees	1 to	6
Report ofthe Independent Auditors	7 to	10
Statement ofFinancial Activities
Balance Sheet	12 to	13
Cash Flow Statement	14
Notes to the Cash Flow Statement	15
Notes tothe Financial Statements	16 to	27
Detailed Statement ofFinancial Activities	28 to	29

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		f.
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	297,106		297,106	483,991
Charitable activities
Charitable Expenditure			99,690		99,690
Other trading activities			201,477		201,477	483,971
investment income			258,378		258,378	247,339
Total			856,651		856,651	1,215,301
EXPENDITURE ON
Raising funds						(1,153)
Charitable activities
Charitable Expenditure			819,816		819,816	1,027,219
Total			819,816		819,816	1,026,066
NET INCOME			36,835		36,835	189,235
Transfers between funds		19	60,000	(60,000)
Net movement in funds			96,835	(60,000)	36,835	189,235
RECONCILIATION	OF FUNDS
Total funds brought	forward		15,021,553	60,000	15,081,553	14,892,318
TOTAL FUNDS CARRIED FORWARD			15,118,388		15,118,388	15,081,553

BALANCE SHEET 31DECEMBER 2020
				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	15,136,766		15,136,766	15,029,407
Investments	13	3,605		3,605	3,605
		15,140,371		15,140,371	15,033,012
CURRENT ASSETS
Debtors	14	60,547		60,547	134,631
Cash at bank and in hand		56,474		56,474	34,450
		117,021		117,021	169,081
CREDITORS
Amounts falling due within one year	15	(85,747)		(85,747)	(52,379)
NET CURRENT ASSETS		31,274		31,274	1]6,702
TOTAL ASSETSLESSCURRENT
LIABILITIES		15,171,645		15,171,645	15,149,714
CREDITORS
Amounts falling due atter more than one
year	16	(53,257)		(53,257)	(68,161)
NET ASSETS		15,118,388		15,118,388	15,081,553

					2020	2019
				Notes
Cash flows from operating		activities
Cash generated from operations					174,465	138,325
Interest element ofhire purchase
payments paid					(1,820)	(595)
Net cash provided by operating			activities		172,645	137,730
Cash flows from investing		activities
Purchase oftangible fixed assets					(125,720)	(304,579)
Sale oftangible fixed assets						3,952
Interest received						4
Net cash used in investing	activities				(125,717)	(300,623)
Cash flows from financing		activities
New loans in year						10,000
Loan repayments in year					(10,000)
Capital repayments in year					(14,904)	82,199
Net cash (used in)/provided		by	financing	activities	(24,904)	92,199
Change in cash and cash	equivalents
in the reporting period					22,024	(70,694)
Cash and cash equivalents		at	the
beginning ofthe reporting		period			34,450	105,144
Cash and cash equivalents		at	the end
ofthe reporting period					56,474	34,450

THK YEAR ENDED	31DEC	31DEC	EMBER2020	EMBER2020
RECONCILIATION	OFNET		INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
				2020	2019
Net income for the reporting		period (as per the Statement of
Financial Activities)				36,835	189,235
Adjustments for:
Depreciation charges				18,361	23,255
Profit on disposal offixed assets					(1,153)
Interest received				(3)	(4)
Interest element ofhire purchase			and finance lease rental payments	1,820	595
Decrease/(increase) in	debtors			74,084	(45,842)
Increase/(decrease) in creditors				43,368	(27,761)
Net cash provided by	operations			174,465	138,325

ANALYSIS OFCHANGES IN NET DEBT	ANALYSIS OFCHANGES IN NET DEBT
		At 1/1/20	Cash flow	At 31/12/20
Net cash
Cash at bank and in hand		34,450	22,024	56,474
		34,450	22,024	56,474
Debt
Finance leases		(82,199)	14,904	(67,295)
Debts falling due within	1 year	(10,000)	10,000
		(92,199)	24,904	(67,295)
Total		(57,749)	46,928	(10,821)

FOR	THE YEARENDED 31DECEMB	THE YEARENDED 31DECEMB	THE YEARENDED 31DECEMB	ER2020
2.	DONATIONS AND LEGACIES
					2020	2019
	Salaries, Pensions &Benefits				53,702	96,638
	Donations				7,258	14,071
	Donation from GT				236,146	358,782
	Donation from convent					14,500
					297,106	483,991
3.	OTHER TRADING ACTIVITIES
					2020	2019
	Fees				140,897	405,873
	Other income				2,400	21,860
	Pensions inc lump sum				58,180	56,238
					201,477	483,971
4.	INVESTMENT INCOME
					2020	2019
	Rents received				258,375	247,335
	Interest received				3	4
					258,378	247,339
5.	INCOME FROM CHARITABLE ACTIVITIES
					2020	2019
			Activity
	Grants		Charitable	Expenditure	99,690
	Grants received, included	in	the above,	are as follows:
					2020	2019
	HMRC Covid Job Retention		Scheme		99,690

	Other trad	ing activities
				2020	2019
	Loss on sale ofassets				(1,153)
7.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 8) f.	Totals f
	Charitable	Expenditure	807,931	11,885	819,816
8.	SUPPORT COSTS
					Governance
					costs
					f
	Charitable	Expenditure			11,885

FOR	THE YEAR ENDED 31DECEMBER2020	THE YEAR ENDED 31DECEMBER2020	THE YEAR ENDED 31DECEMBER2020	THE YEAR ENDED 31DECEMBER2020
11.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		483,991		483,991
	Other trading activities		483,971		483,971
	Investment income		247,339		247,339
	Total		1,215,301		1,215,301
	EXPENDITURE ON
	Raising funds		(1,153)		(1,153)
	Charitable activities
	Charitable Expenditure		1,027,219		1,027,219
	Total		1,026,066		1,026,066
	NET INCOME		189,235		189,235
	RECONCILIATION	OF FUNDS
	Total funds brought forward		14,832,318	60,000	14,892,318
	TOTAL FUNDS CARRIED
	FORWARD		15,021,553	60,000	]5,081,553

TANGIBLE FIXEDASSETS
		Improvements
	Freehold	to	Plant and
	properly	property	machinery
COST
At I January 2020	]3,227,775	1,788,041	27,317
Additions		123,156
At 31December 2020	13,227,775	1,911,197	27,317
DEPRECIATION
At I January 2020	55,670		27,063
Charge for year			254
At 31 December 2020	55,670		27,317
NET BOOKVALUE
At 31 December 2020	13,172,105	1,911,197
At 31December 2019	13,172,105	1,788,041	254
	Fixtures
	and	Motor
	fittings	vehicles	Totals
			8
COST
At I January 2020		96,186	15,139,319
Additions	2,564		125,720
At 31December 2020	2,564	96,186	15,265,039
DEPRECIATION
At I January 2020		27,179	109,912
Charge for year	855	17,252	18,361
At 31December 2020	855	44,431	128,273
NKT BOOKVALUE
At 31 December 2020	1,709	51,755	15,136,766
At 31December 2019		69,007	15,029,407

FOR	THE YEARENDED 31DECEMB	THE YEARENDED 31DECEMB	THE YEARENDED 31DECEMB	ER2020
13.	FIXEDASSETINVESTMENTS
					2020	2019
	Other				3,605	3,605
	There were no investment		assets outside	the UK.
	Investments (neither listed nor unlisted)			were as follows:
					2020	2019
	Coin Collection				3,605	3,605
14.	DEBTORS:	AMOUNTS PALLING DUE WITHIN ONE YEAR
					2020	2019
	Other debtors				10,396	88,677
	VAT				14,224	151
	Prepayments	and accrued income			31,956	45,803
	Prepayments				3,971
					60,547	134,631
15.	CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR
					2020	2019
	Hire purchase	(see note	18)		14,038	14,038
	Trade creditors				2,637	2,189
	Taxation and	social security			(7,333)	599
	Other creditors				76,405	35,553
					85,747	52,379

FOR	THE YEARE	NDED 31DECEMBER2020	NDED 31DECEMBER2020	NDED 31DECEMBER2020	NDED 31DECEMBER2020	NDED 31DECEMBER2020	NDED 31DECEMBER2020
16.	CREDITORS:	AMOUNTS FALLING DUK AFTER MORE						THAN	ONK YEAR
									2020	2019
	Hire purchase (see note 18)								53,257	68,161
17.	LOANS
	An analysis ofthe maturity		ofloans	is given below:
									2020	2019
										6
	Amounts falling	due within	one year	on demand;
	Other loans									10,000
18.	LEASING AGREEMKNTS
	Minimum lease	payments	under hire purchase		fall due as		follows:
									2020	2019
									8	8
	Net obligations	repayable:
	Within one year								14,038	14,038
	Between one and five years								53,257	68,161
									67,295	82,199
19.	MOVEMKNT	IN FUNDS
								Net	Transfers
							movement		between	At
					At 1/1/20		in	funds	funds	31/]2/20
								f,
	Unrestricted funds
	General fund					(1,178)	93,431		23,310	115,563
	Designated					546,919			(546,919)
	Development fund				1,264,432				523,609	1,788,041
	Freehold Property Reserve			13,172,105						13,172,105
	StMarys Family Centre					39,275	(56,596)		60,000	42,679
				15,021,553			36,835		60,000	15,118,388
	Restricted funds
	The Terry Spaczynski fund					60,000			(60,000)
	TOTAL FUNDS				15,081,553		36,835			15,118,388

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				657,405	(563,974)	93,431
StMarys Family Centre				199,246	(255,842)	(56,596)
				856,651	(819,816)	36,835
TOTAL FUNDS				856,651	(819,816)	36,835
Comparatives	for movement		in funds
					Net
					movement	At
				At 1/1/19	in funds	31/12/19
Unrestricted	funds
General fund				(1,647)	469	(1,178)
Designated				300,453	246,466	546,919
Development	fund			1,264,432		1,264,432
Freehold Property Reserve				13,172,105		13,172,105
StMarys Family Centre				96,975	(57,700)	39,275
				14,832,318	189,235	15,021,553
Restricted funds
The Terry Spaczynski		fund		60,000		60,000
TOTAL FUNDS				14,892,318	189,235	15,081,553

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		40,580	(40,111)	469
Designated		768,748	(522,282)	246,466
StMarys Family Centre		405,973	(463,673)	(57,700)
		1,215,301	(1,026,066)	189,235
TOTAL FUNDS		1,215,301	(1,026,066)	189,235

			Net	Transfers
			movement	between	At
		At I/I/19	in funds	funds	31/12/20
Unrestricted funds
General fund		(1,647)	93,900	23,310	115,563
Designated		300,453	246,466	(546,919)
Development fund		1,264,432		523,609	1,788,041
Freehold Property Reserve		13,172,105			13,172,105
StMarys Family Centre		96,975	(114,296)	60,000	42,679
		14,832,318	226,070	60,000	15,118,388
Restricted funds
The Terry Spaczynski	fund	60,000		(60,000)
TOTAL FUNDS		14,892,3]8	226,070		15,118,388