**The Florida State University International Programs Association UK**
**Annual Report and Accounts**
Contents
Reports
Reference and administrative information
Trustees, report
Independent auditor's report
Accounts
Statement of financial activities
16
Balance sheet
17
Principal accounting policies
19
Notes to the accounts
24
The Florida State University International Programs Association UK
**Reference and administrative information**
**Trustees Key management personnel Principal address Charity registration number Auditor Bankers Solicitors**
**1**
**Trustees' report**
## **OBJECTIVES AND ACTIVITIES**
**2**
**Trustees' report**
## **OBJECTIVES AND ACTIVITIES**
## **Public Benefit**
## **ACHIEVEMENTS AND PERFORMANCE**
**3**
**Trustees' report**
## **ACHIEVEMENTS AND PERFORMANCE**
## **FINANCIAL REVIEW**
## **Results for the year**
## **Financial position and reserves policy**
**4**
**Trustees' report**
## **FINANCIAL REVIEW**
**Financial position and reserves policy**
## **Investments**
## **Fundraising**
**5**
**Trustees' report**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
**6**
**Trustees' report**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
## **Trustees**
## **Key management personnel**
**7**
**Trustees' report**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Related parties**
## **FUTURE PLANS**
**8**
**Trustees' report**
## **FUTURE PLANS**
## **PRINCIPAL RISKS AND UNCERTAINTIES**
**9**
**Trustees' report**
## **PRINCIPAL RISKS AND UNCERTAINTIES**
**10**
## **members of The Florida State University**
## **International Programs Association UK**
## **Opinion**
## **Basis for opinion**
## **Conclusions relating to going concern**
**11**
## **Other information**
## **Matters on which we are required to report by exception**
## **Responsibilities of trustees**
**12**
## _**How the audit was considered capable of detecting irregularities including fraud**_
**13**
_**How the audit was considered capable of detecting irregularities including fraud** (continued)_
**14**
Independent auditor's report Year ended 30 September 2024
Use of our report
This report is made solely to the charity's trustees, as a body. in accordance with Part 4 of
the Charities (Accounts and Reports) Regulations 2008. Our audit work has been
undertaken so that we might state to the charity's trustees those matters we are required to
state to them in an auditor's report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charity and the
charity's trustees as a body, for our audit work, for this report, or for the opinions we have
formed.
?zoca
Buzzacott LLP
Statutory Auditor
130 Wood Street
London
EC2V 6DL
Date.. 30 January 2025
Buzzacott LLP is eligible to act as an auditor in tenns of section 1212 of the Companies Act
2006
The Florida State University Intemational Programs Association UK 15
## **Statement of financial activities**
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Unrestricted funds
2024
£
Income from:
5,945,163
Expenditure on:
4,851,615
Net income (expenditure) for the year
and net movement in funds 1,093,548
Fund balances at 1 October 1,395,180
Fund balances at 30 September 2,488,728
**----- End of picture text -----**
**16**
## **Balance sheet**
||||||||**2024**|
|---|---|---|---|---|---|---|---|
|||||||Notes|**£**|
|**Fixed assets**||||||||
|Tangible assets||||||8|**1,177,607**|
|**Current assets**||||||||
|Debtors||||||9|**438,051**|
|Cash|at bank and in hand||||||**1,203,155**|
||||||||**1,641,206**|
|**Creditors: amounts falling due**||||||**Creditors: amounts falling due**||
|**within one year**||**within one year**||||10|**(330,085)**|
|**Net current assets**|||||||**1,311,121**|
|**Total assets less current**|**Total assets less current**||||**Total assets less current**|||
|**liabilities**|||||||**2,488,728**|
|**Total net assets**|**Total net assets**||||||**2,488,728**|
|**The funds of the charity:**||||||||
|Unrestricted funds||||||||
|-
Fixed assetfunds
11|||||||**1,177,607**|
|-
General unrestricted funds|||||||**1,311,121**|
|**Total funds**|**Total funds**||||||**2,488,728**|
**17**
## **Statement of cash flows**
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2024
£
Cash flows from operating activities:
1,122,752
Investing activities
(318,920)
Net cash used in investing activities (318,920)
Net increase (decrease) in cash and cash equivalents 803,832
Cash and cash equivalents at beginning of year 399,323
Cash and cash equivalents at end of year 1,203,155
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A Reconciliation of net income (expenditure) to net cash flows from operating
activities
2024
£
Net income (expenditure) for the year 1,093,548
Adjusted for:
117,202
(22,878)
(66,120)
Net cash provided by (used in) operational activities 1,122,752
**----- End of picture text -----**
**18**
## **Principal accounting policies**
## **Charity information**
## **Accounting convention**
## **Going concern**
## **Charitable funds**
**19**
**Principal accounting policies**
## **Income**
## **Expenditure**
## **Tangible fixed assets**
**20**
**Principal accounting policies**
## **Impairment of fixed assets**
## **Debtors**
## **Cash and cash equivalents**
## **Creditors and Provisions**
## **Financial instruments**
## _**Basic financial assets**_
## _**Impairment of financial assets**_
**21**
**Principal accounting policies**
**Financial instruments**
## _**Derecognition of financial assets**_
## _**Basic financial liabilities**_
## _**Derecognition of financial liabilities**_
## **Taxation**
## **Employee benefits**
**22**
**Principal accounting policies**
## **Leases**
## **Foreign exchange**
## **Critical accounting estimates and judgements**
## **Useful economic lives of tangible assets**
**23**
**Notes to the accounts**
## **1 Income from charitable activities**
**Total 2024 £ 5,050,000 877,074 18,089 5,945,163**
## **2 Expenditure on charitable activities**
**Total 2024 £ 1,699,304 117,202 371,300 21,429 1,026,889 57,712 17,808 23,698 121,772 371,778 73,372 745,755 139,542 49,054 4,836,615 15,000 4,851,615**
## **3 Governance costs**
**2024 £ 15,000**
## **4 Trustees**
**24**
**Notes to the accounts**
- **5**
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2024
£
15,000
Total audit fees 15,000
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## **6 Employees**
## _**Number of employees**_
**2024 Number 21 24 9 54** _**Employment costs**_ **2024 £ 1,242,817 110,051 49,929 1,402,797 296,507 1,699,304**
**2024 Number - 1 -**
## **7 Taxation**
**25**
**Notes to the accounts**
## **8 Tangible fixed assets**
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Total
£
Cost
9,140,301
318,920
(292,171)
9,167,050
Depreciation and impairment
8,164,412
117,202
(292,171)
7,989,443
Carrying amount
991,623 24,064 161,920 1,177,607
975,889
**----- End of picture text -----**
## **9 Debtors**
**2024 £ Amounts falling due within one year 438,051**
## **10 Creditors: amounts falling due within one year**
**2024 £ 31,645 58,007 102,803 15,232 122,398 330,085**
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2024
£
96,338
(96,338)
58,007
Deferred income at 30 September 2024 58,007
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**26**
**Notes to the accounts**
## **10 Funds**
**Unrestricted funds**
**Balance at 30 Sept 2024 £ 1,177,607 1,311,121 2,488,728**
## **11 Operating lease commitments**
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2024
Amounts payable: £
2024
Amounts receivable: £
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## **12 Ultimate controlling party**
**27**
**Notes to the accounts**
## **13 Capital commitments**
## **14 Related party transactions**
## _**Remuneration of key management personnel**_
**2024 £ 220,008**
**28**