Financial Summary
The results for the year are presented in the form of a Statement of Financial Activities, which incorporates the traditional income and Expenditure Account. However, it differs from the latter in that it does not show a surplus or deficit for the year. Instead, it states the net movement in funds during the year. When this is added to the opening balance of funds brought forward from last year, it produces the closing balance of funds carried forward at the end of the year.
The closing funds are divided between unrestricted funds which are kept mainly for emergencies and fluctuations in income, and restricted, or "earmarked", funds which donors have specified to be spent on particular projects.
The full accounts were prepared in accordance with the Statements of Recommended Practice, "Accounting by Charities" issued in October 1995 by the Charity Commission.
**CAFOD SUMMARISED ACCOUNTS**
THIS YEAR - 1997
(figures in �000's)LAST YEAR - 1996
(figures in �000's)INCOMING RESOURCES
Development Emergency Total Development Emergency Total Donations 7,779 1,602 9,381 7,096 141 7,237 Legacies 1,896 - 1,896 1,420 - 1,420 Government and
Institutional Grants3,698 1,238 4,936 3,208 1,442 4,650 Investment Income 369 107 476 379 175 554 Covenant From
Trading Subsidiary68 - 68 59 - 59 Other Income 43 - 43 103 - 103 CAFOD INCOMING RESOURCES 13,853 2,947 16,800 12,265 1,758 14,023 Caritas Consortia Income - 770 770 - 1,101 1,101 TOTAL INCOMING RESOURCES 13,853 3,717 17,570 12,265 2,859 15,124
RESOURCES EXPENDED
| Development | Emergency | Total | Development | Emergency | Total | |
| DIRECT CHARITABLE EXPENDITURE | ||||||
| Overseas Programmes | 8,466 | 3,670 | 12,316 | 7,222 | 3,330 | 10,552 |
| Project Grant Support Costs | 1,349 | 106 | 1,455 | 1,041 | 176 | 1,217 |
| Education and Information | 1,479 | - | 1,479 | 1,488 | - | 1,488 |
| 11,294 | 3,776 | 15,070 | 9,751 | 3,506 | 13,257 | |
| Caritas Consortia Grant | - | 730 | 730 | - | 1,146 | 1,146 |
| sub total | 11,294 | 4,506 | 15,800 | 9,751 | 4,652 | 14,403 |
| OTHER EXPENDITURE | ||||||
| Fundraising and Publicity | 1,398 | - | 1,398 | 1,318 | - | 1,318 |
| Management and Administration | 150 | - | 150 | 129 | - | 129 |
| TOTAL RESOURCES EXPENDED | 12,842 | 4,506 | 17,348 | 11,198 | 4,652 | 15,850 |
MOVEMENT IN FUNDS
| Development | Emergency | Total | Development | Emergency | Total | |
| BEFORE TRANSFERS | 1,011 | (789) | 222 | 1,067 | (1,793) | (726) |
| Transfers Between Funds | (556) | 556 | - | (383) | 383 | - |
| Investment Gains | 26 | - | 26 | - | - | |
| NET MOVEMENT IN FUNDS | 481 | (233) | 248 | 684 | (1,410) | (726) |
| FUND BALANCES AT 1/10/96 | 7,516 | 2,716 | 10,232 | 6,832 | 4,126 | 10,958 |
| FUND BALANCES AT 30/9/97 | 7,997 | 2,483 | 10,480 | 7,516 | 2,716 | 10,232 |
| REPRESENTED BY | ||||||
| UNRESTRICTED FUNDS | ||||||
| Fund for Fixed Asset | 3,604 | - | 3,442 | - | ||
| Disaster and Emergency Reserve | 1,000 | - | 1,000 | - | ||
| Projects Stabilisation Reserve | 1,100 | - | 1,100 | - | ||
| General Fund | 1,818 | - | 7,522 | 1,615 | - | 7,157 |
| RESTRICTED FUNDS | ||||||
| Development Grants Fund (special development projects) | 289 | - | 209 | - | ||
| Emergency Grants (Rwanda, Sudan, Ethiopia, Bosnia, etc.) | - | 1,910 | - | 2,183 | ||
| Caritas Consortia Funds | - | 573 | 2,772 | - | 533 | 2,925 |
| PERMANENT ENDOWMENT FUND | 186 | - | 186 | 150 | - | 150 |
| TOTAL FUNDS | 7,997 | 2,483 | 10,480 | 7,516 | 2,716 | 10,232 |
