| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2020 - 30 Sept 2020 | 19 Dec 2020 | 28 | 71% | 18% | 11% | 30% |
| 01 Oct 2019 - 31 Mar 2020 | 19 Dec 2020 | 23 | 80% | 12% | 8% | 21% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 25 | 77% | 20% | 3% | 26% |
| 01 Oct 2018 - 31 Mar 2019 | 08 Jul 2019 | 23 | 83% | 10% | 7% | 20% |
| 01 Apr 2018 - 30 Sept 2018 | 15 Oct 2018 | 23 | 80% | 14% | 6% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
CAFOD’s standard terms for the payment of supplier invoices are 30 days from the date of invoice. Where contracts for services are agreed with particular suppliers that include payment terms of under 30 days, CAFOD’s practice is to settle these supplier invoices within the agree payment period. CAFOD’s standard payment practice is to run a weekly payment run settled through BACS payment to the suppliers nominated bank account, for all invoices were payment is due (by our standard terms or contractor specific terms).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Any disputes with suppliers about payments due will be dealt with by the CAFOD Finance Department. CAFOD does not keep a record of the date invoices were received, but does keep a systematic record of the Invoice date and the payment date. We do make additional payments out of the weekly cycle to suppliers where payment may be beyond agreed terms, due to administrative delays.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company is registered under the name Catholic Agency for Overseas Development, known publicly as CAFOD. Its registered office is in London and its business, under the relevant SIC classification, is other social work activity without accommodation. Evidence from its own shop website shows the organisation running an online shop selling items from partner producers, books about its work, campaign literature, fundraising materials and educational resources for schools, alongside products such as a cross made in El Salvador. The site supports fundraising activity, including its Family Fast Day campaigns, and provides teaching resources for primary and secondary schools. It operates as a charitable body supporting overseas development and related campaigning work.
Generated from the company's website and Companies House records. Sources: shop.cafod.org.uk