ACLI (Christian Association of Italian Workers),Ltd

For the year ended 31 December 2024

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 2024. 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)

Name of Charity

Charity registration number

801109

02344126

Company registration number

134 Clerkenwell Road

Principal address

London

EC1R 5DL

Registered address

Suite 205

Balfour House

741 High Road

N12 0BP

Trustees

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.

Independent examiners

Certified Public Accountants

Balfour House

741 High Road

London

N12 0BP

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For the year ended 31 December 2024

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 2024.

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

13 May 2025

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Statement of Financial Activities (including Income and Expenditure Account)

2023

Unrestricted

funds

Notes

Income and endowments from:

Donations and legacies

8,267

6,868

Other trading activites

3,663

2,062

Fund raising events

Investments

Bank interest receivable

Total

11,973

8,977

Expenditure on:

Raising funds

5/6

(100)

Costs of generating donations

and legacies

(3,438)

(8,075)

Fundraising trading: cost of

goods sold and other costs

Charitable activities

7/8

(5,210)

(4,765)

Donations and gifts

(2,114)

(2,253)

Activity 10

Total

(15,093)

(10,862)

(3,120)

(1,885)

Net expenditure

Reconciliation of funds

Total funds brought forward

15,625

13,740

Total funds carried forward

10,620

13,740

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02344126

Registered Number :

As at 31 December 2024

ACLI (Christian Association of Italian Workers)

Statement of Financial Position

Notes

2024

2023

Current assets

Cash at bank and in hand

12,300

15,420

12,300

15,420

Creditors: amounts falling due within one year

(1,680)

Net current assets

10,620

13,740

Total assets less current liabilities

10,620

13,740

Net assets

10,620

13,740

The funds of the charity

Unrestricted income funds

10,620

13,740

Total funds

10,620

13,740

For the year ended 31 December 2024 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:

13 May 2025

Mr Giuseppe Chiappetta

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Notes to the Financial Statements

1. Accounting Policies

Basis of accounting

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).

Incoming resources

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:

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:

Charitable activites

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

conditions of the life of the members and their families

Tangible fixed assets

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:

25% Straight line

Office equipment

Irrecoverable VAT

Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it

relates.

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Notes to the Financial Statements Continued

2. Income from donations and legacies

2023

2024

Unrestricted funds

Donations received

1,680

6,365

Legacies received

188

902

Grants received

5,000

1,000

6,868

8,267

3. Income earned from other activities

2023

2024

Unrestricted funds

Fund raising events

2,062

3,663

2,062

3,663

4. Investment income

2023

2024

Unrestricted funds

Bank interest receivable

5. Expenditure on generating donations and legacies

2023

2024

Donations

100

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Notes to the Financial Statements Continued

6. Expenditure on other trading activities

2023

2024

Unrestricted funds

3,438

8,075

Fund raising events

8,075

3,438

7. Costs of charitable activities by fund type

2023

2024

Unrestricted funds

7,324

7,018

Support costs

8. Costs of charitable activities by activity type

2023

2024

Donations and gifts

4,765

5,210

Activity 10

2,253

2,114

7,018

7,324

9. Analysis of support costs

2023

2024

Governance costs

7,018

7,324

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Notes to the Financial Statements Continued

10. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2024

2023

Accountancy fees

2,149

2,017

11. Particulars of employees

2024

2023

Admin

12. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

13. Tangible fixed assets

Office

equipment

Cost or valuation

1,214

At 01 January 2024

At 31 December 2024

1,214

Depreciation

1,214

At 01 January 2024

1,214

At 31 December 2024

Net book values

At 31 December 2024

At 31 December 2023

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For the year ended 31 December 2024

ACLI (Christian Association of Italian Workers)

Notes to the Financial Statements Continued

14. Creditors: amounts falling due within one year

2024

2023

Accruals and deferred income

1,680

15. Movement in funds

Unrestricted Funds

Balance at

01/01/2024

Incoming

resources

Outgoing

resources

Balance at

31/12/2024

General

13,740

11,973

(15,093)

10,620

General

13,740

11,973

(15,093)

10,620

Unrestricted Funds - Previous year

Balance at

01/01/2023

Incoming

resources

Outgoing

resources

Balance at

31/12/2023

General

15,625

8,977

(10,862)

13,740

General

15,625

8,977

(10,862)

13,740

Purpose of unrestricted Funds

General

Unrestricted

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