THE_POPE_JOHN_PAUL_II_AWA - Accounts

The Trustees present their report and financial statements for the year ended 31 October 2018.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

The charity's objects are to engage with young people of faith in their church community and wider society to help them develop emotionally, mentally, physically and spiritually by carrying out voluntary work so that they can make a positive contribution to their church community and the wider world.

The Pope John Paul II Award is a faith achievement award for young people between the age of 16 and 18. It is non-competitive, inclusive, flexible and voluntary.

The Award enables participants to take an active part in the life of their Church – in the life of their community and society. It enables young people become more aware of the teaching and role of the Catholic Church in the world and to engage at a deep level with Christ.

The Award was created to commemorate the late Pope John Paul II who was so committed to young people and who had such belief and confidence in them. The Award was launched by the Papal Nuncio to Ireland, His Excellency Most Rev Dr Giuseppe Lazzarotto on 7th November 2006 in the Diocese of Derry, Ireland.

The Award is committed to helping young people enhance their spiritual, physical, emotional and social development through participation in school, parish and community activities. As well as the feeling of personal achievement that a participant will gain from taking part in the Award, participation will help demonstrate the young person’s commitment to a task and goal.

Who is the Award for?

The Pope John Paul II Award is for anyone between the age of 16 and 18. The Award is run by the Diocese and is suitable for:

• Students in Year 13 in Northern Ireland

• Students in 4th Year in Republic of Ireland

• Students in full-time education who have completed GCSEs or Junior Certificate

• Students in Transition Year

• Anyone between the age of 16 and 18, not in post-primary education

The Award is non-competitive, flexible and voluntary and requires an ongoing commitment. Awards are earned by taking part in parish and social activities – 1 hour per week over 8, 14 or 20 weeks. There are 3 Awards – Gold, Silver & Bronze. Those that have completed the Gold Award have a further option of completing the Papal Cross Award.

AWARD STATISTICS – 25 participating Dioceses, September 2017 to June 2018

2,606 young people have been recorded as having received the Award from 20 of the 25 dioceses in Ireland and Britain participating in the Award in the academic year September 2017 to June 2018.

21 NOVEMBER 2017 - Award Launch, Diocese of Ferns

The Award was launched in the Diocese of Ferns by Bishop Denis Brennan, Bishop of Ferns on Tuesday, 21 November 2017. The event took place in the Riverside Park Hotel, Enniscorthy, Co. Wexford. Guest speaker: Fr Philip Mulryne. 14 young people received their Award on the night.

1 DECEMBER 2017 - Award Launch, Diocese of Limerick

The Award was launched in the Diocese of Limerick by Bishop Brendan Leahy, Bishop of Limerick on Friday, 1 December 2017. The event took place in the Scoil Pól, Kilfinane, Co. Limerick. 17 young people received their Award on the night.

18 DECEMBER 2017 - RTE Mass featuring the Pope John Paul II Award

RTÉ broadcast a special Mass to mark 10 years of the Pope John Paul II Award, on their Mass on Sunday programme on Sunday, 17th December 2017 at 11:00am. Bishop Donal McKeown, Bishop of Derry & Award Patron celebrated Mass with Award participants from the dioceses of Armagh, Cloyne, Dromore, Dublin, Elphin, Galway, Kildare & Leighlin, Kilmore, Limerick, Meath and Tuam.

14 MAY 2018 - Award presentation, Marist School, Berkshire, England

On Thursday, 10 May, 2018 seven students from the Marist School, Sunninghill, Berkshire, England who participated in the Pope John Paul II Award through the Diocese of Derry were each presented with their Pope John Paul II Award. This was the first time students from this school participated in the Award.

AUGUST 2018 - World Meeting of Families 2018, RDS, Dublin

Pastoral Congress: Award volunteers from Derry, Dromore, Clogher and Kildare & Leighlin worked on the Award exhibition stand over the 3 days of the Congress. Exhibition attended by approx. 7,000 each day.

Papal Mass, Phoenix Park: 178 Pope John Paul II Award Ministers of Holy Communion from the dioceses of Clogher, Derry, Dromore, Ferns, Galway, Kildare & Leighlin and Kilmore served from sub-chapels 11 & 12 at the WMOF2018 closing Mass on Sunday, 26 August 2018.

SEPTEMBER 2018 - Award Pilgrimage to Knock Shrine

On Tuesday, 25 September 2018, over 1,000 young people gathered on pilgrimage to Knock Shrine, Co. Mayo, Ireland. Guest speakers were Sr Ethel Normoyle of the Little Company of Mary in Ireland. Director and Founder of the Missionvale Care Centre in Port Elizabeth, South Africa and Alan Kerins - Irish sportsman, humanitarian, social entrepreneur and philanthropist. Music was provided by Elation Ministries, choirs from dioceses participating in the Award and a soloist from Scoil Mhuire, Buncrana, Co. Donegal. Bishop Donal McKeown, Bishop of Derry, Patron of the Award celebrated Mass and was joined by Bishop Alphonsus Cullinan, Bishop of Waterford & Lismore and priests from participating dioceses.

SEPTEMBER 2018 - Award featuring on Shalom World TV

Shalom World TV wish to feature the Pope John Paul II Award in one of their programmes in 2019. They started the first recordings of Award participants at the pilgrimage to Knock Shrine on 25 September. They plan to make further recordings on the coming months.

Pope John Paul II Award incorporated as a company on 21 October 2016 and at this date held £38,499 in cash balances which were transferred to the company and are held as deferred income.

Total income generated for the year ended 31st October 2018 was £42,591 of which £10,042 relates to registration fees charged to individuals participating in the Pope John Paul II Award programme and administering the programme for all dioceses, £9,500 relates to commission from medal orders and £22,118 relates to grant from the Irish Episcopal CO in respect of funding for the Pope John Paul II Award national coordinator. Amounts released from deferred income in the year was £931.

Total expenditure was £38,902, all of which related to the coordinating and delivery of the Pope John Paul II Award programme and the hosting of the Pope John Paul II Award ceremony.

The company held an amount of £3,620 in relation to stocks of medals at the year end.

At the year end, the charity held restricted reserves in the amount of £3,689.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The charity is a company limited by guarantee, incorporated on 21st October 2016 and is established under a Memorandum of Association which sets out the objects and powers of the company, and is governed by its Articles of Association. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company. The liability of members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Recruitment and appointment of the Trustees

The first Trustees are those persons notified to Companies House as the first directors of the charity.

Under the requirements of the Memorandum and Articles of Association, a Trustee (director for the purposes of company law) must be a natural person aged 16 years or older. No one may be appointed a director if he or she would be disqualified from acting under the provisions of article 36 of the company's Articles of Association.

The number of directors shall be not less than one and unless otherwise determined by ordinary resolution, is not subject to any maximum.

At the first annual general meeting all the directors must retire from office unless by the close of the meeting the members have failed to elect sufficient directors to hold a quorate. At each subsequent AGM one third of the directors must retire from office. All directors retiring at the AGM may be re-elected.

The Trustees, who are also the directors of The Pope John Paul II Award for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping adequate 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 Companies Act 2006. 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' report was approved by the Board of Trustees.

We report on the accounts of the charity for the year ended 31 October 2018, which are set out on pages 7 to 13.

The trustees, who are also the directors of The Pope John Paul II Award for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

examine the accounts under section 65 of the Charities Act

follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act

state whether particular matters have come to our attention.

We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006

2. That the accounts do not accord with those accounting records

3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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

4. That there is further information needed for a proper understanding of the accounts to be reached.

We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2018. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Pope John Paul II Award is a private company limited by guarantee incorporated in Northern Ireland. The registered office is The Gate Lodge, 2 Francis Street, Derry, BT48 7DS.

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs .

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference NI00792. As a result there is no liability to taxation on any of its income.

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Pope John Paul II Award enrolment fees

Irish Episcopal CO

Commission from medal orders

Pope John Paul II Award ceremony event costs

Accountancy

Consultancy fees

Nature of restricted funds:

Irish Episcopal CO

Funding in respect of the Pope John Paul II Award national co-ordinator.

Unrestricted funds

Restricted funds

There were no disclosable related party transactions during the year.