2020-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Strategic Report		2to3
Trustees' Report		4to7
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the Financial Statements		12to 24

			Unrestricted	Total	Total
			funds	2020	2019
		Note
Income and Endowments	from:
Donations and legacies			79,442	79,442	15
Charitable activities			97,344	97,344	932,221
Other trading activities			3,331	3,331	5,134
Investment income			226	226	412
Other income					2,601
Total Income			180,343	180,343	940,383
Expenditure on:
Raising funds			(5,920)	(5,920)	(6,180)
Charitable activities			(284,378)	(284,378)	(889,089)
Total Expenditure			(290,298)	(290,298)	(895,269)
Net (expenditure)/income Net movement in funds			(109,955) (109,955)	(109,955) (109,955)	45,114 45,114
ReconciTiation offunds
Total funds brought forward Total funds carried forward		21	127,381 17,426	127,381 17,426	82,267 127,381

BALANCE	SHEET	ASAT 31DECEMBER2020
				2020	2019
			Note
Fixed assets
Tangible assets			15	6,439	6,238
Current assets
Stocks			16	500	500
Debtors			17	657	760
Cash at bank	and in hand		18	115,119	287,503
				116,276	288,763
Creditors: Amounts		falling due within one year	19	(105,289)	(167,620)
Net current	assets			10,987	121,143
Net assets				17,426	127,381
Funds ofthe	charity:
Unrestricted	income	funds
Unresn icted Total funds	funds			17,426 17,426	127,381 127,381

			STATEMENT OF CASH FL	OWS FOR THE YEAREN	DED 31DEC	EMBER2020
						2020	2019
					Note
			Cash flows from operating activities
			Net cash (expenditure)/income			(109,955)	45,114
			Adjustments to cash flows from non-cash items
			Depreciation		7	1,704	1,603
			Investment income		6	(226)	(412)
						(108,477)	46,305
			Working capital adjustments
			Decrease in debtors		17	103	5,958
			Increase/(decrease) in creditors		19	1,825	(2,835)
			(Decrease)/increase in deferred	income		(114,156)	31,667
			Net cash flows from operating	activities		(220,705)	81,095
			Cash flows from investing activities
	+	Vl	Interest receivable and similar	income	6	226	412
2 LU )	Q/ Z pi tII » 0		Purchase oftangible fixed assets Net cash flows from investing activities		15	(1,905) (1,679)	412
			Cash flows from financing activities
Qt/)~			Value ofnew loans obtained during the period			50,000
			Net (decrease)/increase in cash	and cash equivalents		(172,384)	81,507
		U
			Cash and cash equivalents at I	January		287,503	205,996
			Cash and cash equivalents at 31December			115,119	287,503

3 INCOME	FR	OM DONATIONS AND LEGACIE	S
			Total	Total
			2020	2019
Donations and	legacies;
Donations from		individuals	200	15
Legacies			100
Grants, including		capital grants;
Government	grants		77,458
			300	15

		4 INCOME FRO	M CHARITABLE ACTIVITIES
				Unrestricted
				funds
					Total	Total
				General	2020	2019
+	Vl	Group contributions		97,344	97,344	932,221
		5 INCOME FROM OTHER TRADING ACTIVITIES
				Unrestricted
				funds
					Total	Total
				General	2020	2019
		Trading income;
		Shop income from sale ofdonated goods and services		3,331	3,331	5,134
				3,331	3,331	5,134
		6 INVESTMENT	INCOME
				Unrestricted
				funds
					Total	Total
				General	2020	2019
		Interest receivable	and similar income;
		Interest receivable on bank deposits		226	226	412

C	OSTSOF	TRADING ACTIVITI	ES
			Unrestricted
			funds
				Total	Total
			General	2020	2019
Costs	ofgoods	sold	5,920	5,920	6,180
			5,920	5,920	6,180

tu	g			Unrestricted	Unrestricted
				funds
						Total		Total
				General		2020		2019
	+	Vl
	Q/	Z	Group expenditure	251,839		251,839		861,821
LU )	tD» 0		252,253 (2019 - 861,8211of the above expenditure	was atnibutable	to	unrestricted	funds	and Nil

			Charitable activities	expenditure
						Unrestricted
						funds
							Total	Total
						General	2020	2019
			Staff costs			148,231	148,231	243,066
			Host family payments			32,546	32,546	310,173
			Ferry costs					6,412
			Excursions			24,064	24,064	182,382
tungi			Drivers accommodation Room hire, teachers' and co-ordinators'		expenses	808	808	5,193 18,394
			Coach parking and repairs					1,016
			Free teacher places					4,500
	+	Vl	Light, heat and power			4,816	4,816	6,946
	ct'	z	Insurance			2,448	2,448	2,285
LU )	(D» 0		Repairs and maintenance Telephone and fax			3,203 4,304	3,203 4,304	5,399 6,595
QM~			Office accommodation Printing, postage and	expenses stationery		11,626 2,810	11,626 2,810	12,088 7,160
Ri			SOUL camp contribution Sundry expenses			4,081	4,081	6,095 10,127
			Travel and subsistence			1,436	1,436	6,771
			Advertising			2,373	2,373	11,942
			Legal and professional	fees		1,959	1,959	2,830
			Bank charges and interest			2,639	2,639	3,246
			Foreign currency (gains)/losses			(821)	(821)	944
			Depreciation			1,704	1,704	1,603
			Erasmus project					5,144
			Hands up project			3,200	3,200	1,009
			Hire ofplant 6'c machinery			412	412	501
						251,839	251,839	861,821

GOVERNANCE CO	STS
				Unrestricted
				funds
					Total	Total
				General	2020	2019
Staff costs
Wages and salaries				22,525	22,525	13,509
Social security costs				736	736	1,666
Pension costs				417	417	586
Independent examiner	fees
Examination ofthe financial		statements		4,934	4,934	5,953
Other governance costs				3,927	3,927	5,554
				32,539	32,539	27,268
10NET INCOMING/OUTGOING			RESOURCES
Net (outgoing)/incoming	resources		for the year include:
Depreciation offixed assets					2020 1,704	2019 1,603

2020	2019
141,317	113,235
4,748	9,489
2,085	6,694
23,759	129,409
171,909	258,827

+	Vl
Q/	Z
tD» 0		The monthly charity during	average the year	number was as		of persons follows:		(including	senior	management	team)	employed		by	the
											2020			2019
rt	~										No			No
	i	Administration Management	staff										3 1		3 1
		Teachers, co-ordinators		and	guides								5		11
															15
		No employee	received	emoluments			ofmore	than $60,000 during the year.
		13INDEPENDENT EXAMINER'S REMUNERATION
											2020			2019
		Examination	ofthe financial		statements						4,934			5	953

	15TANGIBLE FIXEDASSETS
		Short
		leasehold	Furniture
		property	and
		improvements	equipment	Total
	Cost
	At 1January 2020	4,085	53,104	57,189
	Additions		1,905	1,905
	At 31December 2020	4,085	55,009	59,094
	Depreciation
Vl Z	At 1January 2020 Charge for the year	3,441 204	47,510 1,500	50,951 1,704
» 0	At 31December 2020 Net book value	3,645	49,010	52,655
	At 31December 2020	440	5,999	6,439
	At 31December 2019	644	5,594	6,238
U
	16STOCK
			2020	2019
	Stocks		500	500
	17DEBTORS
			2020	2019
	Prepayments		657	760

18CASH AND CASH EQUIVALENTS
	2020	2019
Cash on hand	2,976	3,075
Cash at bank	112,143	284,428
	115,119	287,503
19CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
Bank loans	50,000
Trade creditors	3,877	761
Pension scheme creditor	202	492
Accruals	4,635	5,636
Deferred income	46,575	160,731
	105,289	167,620

			21FUNDS
							Balance at
							31
				Balance at 1	Incoming	Resources	December
				January 2020	resources	expended	2020
			Unrestricted	funds
			General	127,381	180,343	(290,298)	17,426
							Balance at
							31
				Balance at 1	Incoming	Resources	December
				January 2019	resources	expended	2019
tungi
			Unrestricted	funds
			General	82,267	940,383	(895,269)	127,381
	+	Vl
	Q/	Z
tti tII ~ ) 0 OQ& D+0 Qtr)~			22ANALYSIS OFNET ASSETSBETWEEN FUNDS Current year			Unrestricted funds
Ri						General	Total funds
			Tangible fixed assets			6,439	6,439
			Current assets			116,276	116,276
			Current liabilities			(105,289)	(105,289)
			Total net assets			17,426	17,426
			Prior year
						Unrestricted
						funds
							Total
						General	funds
			Tangible fixed assets			6,238	6,238
			Current assets			288,763	288,763
			Current liabilities			(167,620)	(167,620)
			Total net assets			127,381	127,381

23ANALYSIS OF NET FUNDS
	At 1		At 31
	January	Financing	December
	2020	cash flows	2020
Cash at bank and in hand	287,503	(172,384)	115,119
Net debt	287,503	(172,384)	115,119
	At 1		At 31
	January	Financing	December
	2019	cash flows	2019
Cash at bank and in hand	205,996	81,507	287,503
Net debt	205,996	81,507	287,503