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ACLI (Christian Association of Italian Workers) |
For the year ended 31 December 2022
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 10
Notes to the Financial Statements
3
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the |
financial statements for the charitable company for the year ended 31 December 2022. The Trustees have adopted the |
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing |
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS |
102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects and regulations are regulated by the Charity's memorandum dated 7th February 1989.The principal activity of the Charity in the year under review continued to be that of the advancement of theteaching of the Catholic Church by: (a) The relief of poverty(b) The advancement of education through the instruction and the professional training of the adult and the young(c) The provision of cultural and recreational activities in the interest of social welfare and the improvement of the conditions of the life of the members and their families |
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. |
Volunteers
All fund raising activities were organised and carried out by unpaid volunteers.
REFERENCE AND ADMINISTRATIVE INFORMATION |
ACLI (Christian Association of Italian Workers)
Charity registration number |
801109
02344126
Company registration number |
The trustees and officers serving during the year and since the year end were as follows:
Mr Giovanni D'Angelo (President)
Mr Eduardo Pellegrino
Mr Giuseppe Chiappetta
G Teoli & Co.
Certified Public Accountants
Balfour House
741 High Road
London
N12 0BP
1 of 10
4
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Report of the Trustees Continued
............................................................................. |
Approved by the Board of Trustees and signed on its behalf by |
Mr Giovanni D'Angelo (President) |
2 of 10
5
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2022. |
Responsibilities and basis of report |
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. |
Independent examiners statement |
I have completed my examination. I confirm that no 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 Company as required by section 386 of the 2006 Act; or |
2. the accounts do not accord with those records; or |
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the |
accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or |
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended |
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the |
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
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. |
G Teoli & Co.
FCPA., FMAAT., AFA/MIPA
Mr Giulio Teoli
Certified Public Accountants
Balfour House
741 High Road
London
N12 0BP
26 April 2023
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6
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Statement of Financial Activities (including Income and Expenditure Account)
2021
Income and endowments from: |
4,156
17,833
2
3
6,757
447
4
1
11
10,924
18,281
5
(3,987)
(9,729)
Fundraising trading: cost of |
goods sold and other costs |
6/7
-
(9,906)
Donations and gifts
(7,602)
(2,249)
Activity 10
(21,884)
(11,589)
(10,960)
6,692
Total funds brought forward |
19,893
26,585
Total funds carried forward |
15,625
26,585
4 of 10
7
ACLI (Christian Association of Italian Workers)
Statement of Financial Position
2022
2021
17,305
27,785
17,305
27,785
Creditors: amounts falling due within one year |
(1,680)
(1,200)
13
Net current assets
15,625
26,585
Total assets less current liabilities |
15,625
26,585
Net assets
15,625
26,585
Unrestricted income funds |
14
15,625
26,585
15,625
26,585
For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
26 April 2023
5 of 10
8
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. ACLI (Christian Association of Italian Workers) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: |
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure: |
The Charity's objects and regulations are regulated by the company's memorandum dated 7th february 1989. |
The principal actrivity of the Charity in the year under review continued to be that of the advancement of the |
teaching of the Catholic Church by: |
(a) The relief of poverty |
(b) The advancement of education through the instruction and the professional training of the adult and the young |
(c) The provision of cultural and recreational activities in the interest of social welfare and the improvement of the |
conditions of the life of the members and their families |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Office equipment
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it |
relates. |
6 of 10
9
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Notes to the Financial Statements Continued
2. Income from donations and legacies |
2021
2022
407
1,489
34
54
17,392
2,613
17,833
4,156
3. Income earned from other activities |
2021
2022
Fund raising events
447
6,757
447
6,757
2021
2022
11
1
1
11
5. Expenditure on other trading activities |
2021
2022
3,987
9,729
Fund raising events
9,729
3,987
7 of 10
10
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Notes to the Financial Statements Continued
6. Costs of charitable activities by fund type |
2021
2022
7,602
12,155
Support costs
7. Costs of charitable activities by activity type |
2021
2022
Donations and gifts
9,906
-
Activity 10
2,249
7,602
12,155
7,602
8. Analysis of support costs |
2021
2022
Governance costs
12,155
7,602
9. Net income/(expenditure) for the year |
This is stated after charging/(crediting): |
2022
2021
2,149
1,609
10. Particulars of employees |
2022
2021
0
Admin
8 of 10
11
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Notes to the Financial Statements Continued
11. Comparative for the Statement of Financial Activities |
The comparative year values on the Statement of Financial Activites are for unrestricted funds. |
12. Tangible fixed assets |
1,214
1,214
1,214
1,214
-
-
13. Creditors: amounts falling due within one year |
2022
2021
Accruals and deferred income |
1,680
1,200
1,680
1,200
General
26,585
10,924
(21,884)
15,625
General
26,585
10,924
(21,884)
15,625
9 of 10
12
For the year ended 31 December 2022
ACLI (Christian Association of Italian Workers)
Notes to the Financial Statements Continued
Unrestricted Funds - Previous year |
General
19,893
18,281
(11,589)
26,585
General
19,893
18,281
(11,589)
26,585
Purpose of unrestricted Funds |
General
Unrestricted
15. Analysis of net assets between funds |
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
-
15,625
15,625
General
-
15,625
15,625
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
-
26,585
26,585
General
-
26,585
26,585
10 of 10