Contents of the Financial Statements

for the Period Ended 30 June 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 30 June 2021

The directors present their report with the financial statements of the company for the period ended 30 June 2021

Directors

The directors shown below have held office during the whole of the period from
1 July 2020 to 30 June 2021

Deacon Paul O'Connor
Monsignor Daniel McHugh
Chris Loughran
Paul Cusack
Fred Slater

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2022

And signed on behalf of the board by:
Name: Chris Loughran
Status: Director

Profit And Loss Account

for the Period Ended 30 June 2021

	2021	2020
	£	£
Turnover:	10,000	10,000
Cost of sales:	0	0
Gross profit(or loss):	10,000	10,000
Administrative expenses:	( 1,286 )	( 565 )
Operating profit(or loss):	8,714	9,435
Profit(or loss) before tax:	8,714	9,435
Profit(or loss) for the financial year:	8,714	9,435

Balance sheet

As at 30 June 2021

	Notes	2021	2020
		£	£
Current assets
Debtors:	3	0	15,000
Cash at bank and in hand:		48,049	29,335
Total current assets:		48,049	44,335
Creditors: amounts falling due within one year:	4	( 5,000 )	( 10,000 )
Net current assets (liabilities):		43,049	34,335
Total assets less current liabilities:		43,049	34,335
Total net assets (liabilities):		43,049	34,335
Members' funds
Profit and loss account:		43,049	34,335
Total members' funds:		43,049	34,335

The notes form part of these financial statements

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 June 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  The Charity holds on long lease from the Birmingham Roman Catholic Diocesan Trustees, land at St. Teresa’s, Wellington Road, Perry Barr, Birmingham. The Charity has granted an underlease to Trident Housing Association Limited and entered into an agreement with Trident Housing Association Limited for the construction and management of St. Teresa’s Court, a supported Housing Scheme. Costs incurred by the Charity in acquiring the lease and in the creation of the underlease and agreement for construction have not been capitalised but have been included in the cost of charitable activities in the Statement of Financial Activities in prior years. The lease has not been valued for accounts purposes.

  Other accounting policies

  The financial statements have been prepared on the historical cost basis.Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount receivable can be measured accurately.Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement is required and the amount of the obligation can be measured reliably. All expenditure is accounted for on the accruals basis, inclusive of any value added tax which cannot be recovered.

Notes to the Financial Statements

for the Period Ended 30 June 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	0	0