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##
|Reference|and Administrative|and Administrative|Details||
|---|---|---|---|---|
|Report of|the Chair|||2to 3|
|Trustees'|Report|||4to17|
|Statement|ofTrustees'|Responsibilities||18|
|Independent
Auditors'||Report||19to 21|
|Statement|of Financial|Activities||22|
|Balance Sheet||||23|
|Statement|of Cash Flows|||24|
|Notes to the Financial||Statements||25 to 48|
##
##
||||Refer|ence and Admi|nistr|ative|D|etai|ls|
|---|---|---|---|---|---|---|---|---|---|
|Chief Executive Officer||||Mr J Sampson||||||
|Secretary||||Mrs TJ Quinn-Forgan||||||
|Trustees||||Mrs D A Hindle||||||
|||||Mrs J Ashton||||||
|||||Ms H N Marano||||||
|||||Dr M S Kelig||||||
|||||Ms RTurner||||||
|||||Ms C A Ritter||||||
|||||Ms G James||(appointed||23 August 2022)||
|||||Dr M K Morikawa||(appointed||23August 2022)||
|||||Mr M SToprak||(appointed||23August 2022)||
|||||Dr SBEtti||(appointed||17|October 2022)|
|||||Ms J Kuehnel||(resigned||19April 2022)||
|||||Mr N Josephides||(resigned||31 December 2022)||
|||||Mr A M Rowland||(resigned||31 December 2022)||
|Registered|Office|||Create Centre||||||
|||||Smeaton Road||||||
|||||Bristol||||||
|||||BS16XN||||||
|||||The charity
is incorporated|||in England||8 Wales.|
|Company|Registration||Number|03425954||||||
|Charity Registration||Number||1065924||||||
|Auditor||||Milsted
Langdon|LLP|||||
|||||Chartered
Accountants||and|Statutory||Auditors|
|||||Freshford
House||||||
|||||Redcliffe Way||||||
|||||Bristol||||||
|||||BS16NL||||||
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||||||Total|Total|
|---|---|---|---|---|---|---|
|||Note|Unrestricted
E|Restricted|2022
E|2021f|
|Income and Endowments||from:|||||
|Donations
and legacies||3|137,321||137,321|61,035|
|Charitable
activities||4||563,617|563,617|508,028|
|Investment
income||5|325||325|686|
|Other income||6|54,866||54,866|89,265|
|Total Income|||192,512|563,617|756,129|659,014|
|Expenditure
on:|||||||
|Raising funds
Charitable
activities||7
8|(30,619)
~60,527|~845,919|(30,619)
~906,446|(69,983)
~507,523|
|Total Expenditure|||(91,146)|~845,919)|~937,065)|~577,506|
|Net income/(expenditure)|||101,366|~282,302)|(180,936)|81,508|
|Net movement
in funds|||101,366|(282,302)|(180,936)|81,508|
|Reconciliation
offunds|||||||
|Total funds brought|forward||172,299|326,734|499,033|417,525|
|Total funds carried|forward|20|273,665|44,432|318,097|499,033|
##
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|E|E|
|Fixed assets|||||||
|Tangible assets||||14|6,423|6,865|
|Current assets|||||||
|Debtors||||15|203,495|110,810|
|Cash at bank and|in hand||||199,485|457,808|
|Creditors: Amounts||falling due within one year||15|402,980
~57,473|568,618
~(33,559|
|Net current assets|||||345,507|535,059|
|Total assets less|current||liabilities||351,930|541,924|
|Creditors: Amounts||falling due after more than one year||17|(33,833)|(42,891)|
|Net assets|||||318,097|499,033|
|Funds ofthe charity:|||||||
|Restricted income funds|||||||
|Restricted funds||||20|44,432|326,734|
|Unrestricted
income||funds|||||
|Unrestricted
funds|||||273,665|172,299|
|Total funds||||20|318,097|499,033|
##
##
|||Note|2022
E|2021f|
|---|---|---|---|---|
|Cash flows from operating
activities|||||
|Net (expenditure)/income|||(180,936)|81,508|
|Adjustments
to cash flows from noncash|items||||
|Depreciation||10|2,843|3,376|
|Investment
income||5|325|(686)|
||||(178,418)|84,198|
|Working capital adjustments|||||
|Increase
in debtors||15|(92,685)|(81,016)|
|Increase/(decrease)
in creditors||16|21,355|(10,025)|
|Net cash flows from operating
activities|||249,748|6,843|
|Cash flows from investing
activities|||||
|Interest receivable
and similar income||5|325|686|
|Purchase oftangible
fixed assets||14|(2,401)||
|Net cash flows from investing
activities|||(2,076)|686|
|Cash flows from financing
activities|||||
|Receipt ofloans and borrowings||16|6,499|50,000|
|Net (decrease)/increase
in cash and cash equivalents|||(258,323)|43,843|
|Cash and cash equivalents
at 1 January|||457,808|413,965|
|Cash and cash equivalents
at 31 December|||199,485|457,808|
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|3
Income||from donatio|ns|and lega|cies|cies|||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||||
|||||||funds|Total|Total|
|||||||General|2022|2021|
|||||||f.||E|
|Donations||and legacies;|||||||
|Donations||from companies,||trusts and similar|||||
|proceeds||||||137,321|137,321|61,035|
|||||||137,321|137,321|61,035|
||||||Unrestricted|Restricted|Total Funds|Total Funds|
||||||Funds|Funds|2022|2021|
|Donations|||||||||
|Donations|in kind||||14,802||14,802|10,000|
|First Rate Exchange|||||10,225||10,225||
|Euromonitor||||||||5,000|
|Holiday Extras|||||25,626||25,626|9,697|
|Midcounties||Co-operative|Travel||1,299||1,299|18,981|
|Expedia|||||52,960||52,960||
|4VI|||||16,057||16,057||
|Blue Bay|||||14,288||14,288|13,377|
|Others|||||2,064||2,064|3,980|
||||||137,321||137,321|61,035|
##
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|4|Income from|charitable|activities||||
|---|---|---|---|---|---|---|
|||||Restricted|Total|Total|
|||||funds|2022f|2021|
||TUI Group|||5,495|5,495|202,631|
||GIZ|||40,598|40,598|158,598|
||IUCN|||||2,490|
||EBRD|||||4,289|
||European
Travel Commission|||||11,552|
||US Embassy|||||6,188|
||SMILO|||||5,168|
||easyJet Holidays|||109,383|109,383|70,000|
||Hilton|||||9,207|
||NKC|||||1,247|
||Visit California|||2,741|2,741|17,474|
||Purbeck|||591|591|3,500|
||GIZ (webinar)|||||6,496|
||Travel Oregon|||10,084|10,084|2,220|
||Travel Corporation|||||6,968|
||IKI/UNEP|||5,500|5,500||
||EBRD|||1,154|1,154||
||ETC|||21,467|21,467||
||CTO|||5,397|5,397||
||Scotland 2022|programme||109,296|109,296||
||Destination
Orkney|||3,825|3,825||
||Port Aransas|||14,824|14,824||
||Vail DSP, NextFactor|||31,674|31,674||
||East Midlands|Chamber||27,000|27,000||
||Leeds Beckett,|Living Lab||24,800|24,800||
||WWF Mediterranean|||20,689|20,689||
||Tour Radar|||4,202|4,202||
||NecSTour|||1,629|1,629||
||Glocs Rail Partnership|||10,000|10,000||
||Lake Tahoe CREST|||41,586|41,586||
||Visit Finland|||2,482|2,482||
||Oceanside Project|||8,546|8,546||
||Sidmouth
Town Council|||5,000|5,000||
||Expedia|||51,654|51,654||
||Surrey University|||4,000|4,000||
|||||563,617|563,617|508,028|
##
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|5
Investment
in|co|me||||
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total|Total|
||||General
E|2022
F|2021f|
|Interest receivable|and similar income;|||||
|interest receivable||on bank deposits|325|325|686|
##
|6
Other|in|come||||
|---|---|---|---|---|---|
||||Unrestricted|||
|||||Total|Total|
||||General|2022|2021|
|||||F|F|
|Furlough|income||||75,523|
|Sponsorship||income|31,527|31,527||
|Other income|||18,339|18,339|13,032|
|Employer's||allowance|5,000|5,000|710|
||||54,866|54,866|89,265|
##
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|||Unrestricted|||
|---|---|---|---|---|
||||Total|Total|
|||General|2022f|2021|
|Fundraising|costs|30,619|30,619|69,983|
##
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||Activity|Activity|||
|---|---|---|---|---|
||undertaken
directly|support
costs
F|2022
F|2021
E|
|Climate Change
Programme
Equity Programme|189,477
195,304|37,029
45,864|226,506
241,168|50,489
78,064|
|Transformative
Change
Programme
Destinations
Other Project Funds|251,743
104,390
34,229|22,312
26,098|274,055
130,488
34,229|45,144
223,412
110,414|
||775,143|131,303|906,446|507,523|
|,
F845,919(2021|- F362,182) attri|butable
to restricted f|unds.|||
|---|---|---|---|---|---|
|||Unrestricted||||
|||funds|Restricted|Total|Total|
|||General|funds|2022|2021|
|Climate Change|Programme|19,913|206,593|226,506|50,465|
|Equity Programme|||241,168|241,168|78,071|
|Transformative
Programme
Destin ation s|Change|6,385|267,670
130,488|274,055
130,488|45,118
223,425|
|Other Project Funds||34,229||34,229|110,444|
|||60,527|845,919|906,446|507,523|
##
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##
|Charitable
activi|ties expenditure||||
|---|---|---|---|---|
|||Unrestricted|||
||||Total|Total|
|||General|2022|2021|
|||E|E||
|Staff costs
Premises
Communications
General office|and IT|71,603
9,938
2,890
64|71,603
9,938
2,890
64|118,754
9,554
1,478
1,332|
|Human
resources||8,784|8,784|4,504|
|Depreciation
Other office costs||2,843
1,039|2,843
1,039|3,376
720|
|Governance
costs
Travel and subsistence||13,746
20,396|13,746
20,396|9,062|
|||131,303|131,303|148,780|
|10|Net incoming/outgoing
resources|
|---|---|
|Net|(outgoing)/incoming
resources for the year include:|
|||2022|2021|
|---|---|---|---|
|Operating
leases - other assets
Audit fees||8,529
11,106|8,240
5,450|
|Other non-audit|services|2,500|2,413|
|Depreciation
of|fixed assets|2,843|3,376|
##
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|12Staff costs|||
|---|---|---|
|The aggregate
payroll costs were as follows:|2022|2021|
|Staff costs during the year were:|||
|Wages and salaries
Social security costs
Pension costs|266,481
28,214
13,121|349,106
33,353
13,949|
||307,816|396,408|
|The
monthly|average|number|of persons|(including|senior|management|team)
employed|by the|
|---|---|---|---|---|---|---|---|---|
|charity
during|the year|was as|follows:||||2022|2021|
||||||||No|No|
|Charitable
activities|||||||6|6|
|Fundraising
Support|||||||1
1|1
2|
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|14Tangible|fixed ass|ets|||
|---|---|---|---|---|
||||Office||
||||equipment|Total|
|||||E|
|Cost|||||
|At 1 January|2022||29,604|29,604|
|Additions|||2,401|2,401|
|At 31 December 2022|||32,005|32,005|
|Depreciation|||||
|At 1 January|2022||22,739|22,739|
|Charge for the year|||2,843|2,843|
|At 31 December 2022|||25,582|25,582|
|Net book value|||||
|At 31 December 2022|||6,423|6,423|
|At 31 December 2021|||6,865|6,865|
|15Debtors|||||
||||2022
E.|2021f|
|Trade debtors|||88,634|89,644|
|Prepayments|and accrued income||114,861|21,166|
||||203,495|110,810|
|16Creditors:|amounts|falling due within one year|||
||||2022f|2021|
|Government|supported|bank loans|9,668|7,109|
|Trade creditors|||24,545|16,702|
|Other taxation|and social security||3,290||
|Accruals
and|other creditors||19,970|9,748|
||||57,473|33,559|
##
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##
|2022|2021|
|---|---|
||F|
|33,833|42,891|
|Operating|lease commitments|lease commitments|||||
|---|---|---|---|---|---|---|
|Total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:||
||||||2022|2021|
||||||F|F|
|Land and
Within one|buildings
year||||2,060|2,060|
##
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|20 Funds||||||
|---|---|---|---|---|---|
||Balance|at 1|Incoming|Resources|Balance at 31
December|
||January|2022|resources|expended|2022|
||||K|E||
|Unrestricted
funds||||||
|General||||||
|General|172,299||192,512|(91,146)|273,665|
|Restricted funds||||||
|IKI/UNEP
EBRD
TCF BUSBJamaica
TCFSSPF Cyprus
ETC
TCF FFFTurkey|101,566
18,511
34,913||5,500
1,154
5,495
21,467|(5,500)
(1,154)
(71,568)
(24,006)
(11,467)
(34,913)|29,998
10,000|
|GIZ
CTO
easyJet Holidays|141,744
30,000||40,598
5,397
109,383|(182,342)
(5,397)
(139,383)||
|Visit California
Purbeck|||2,741
591|(2,741)
(591)||
|Travel Oregon
Scotland 2022 programme|||10,084
109,296|(10,084)
(109,296)||
|Destination
Orkney
Port Aransas|||3,825
14,824|(3,825)
(14,824)||
|Vail DSP, NextFactor
East Midlands
Chamber
Leeds Beckett, Living Lab
WWF Mediterranean|||31,674
27,000
24,800
20,689|(31,674)
(27,000)
(23,800)
(20,689)|1,000|
|Tour Radar|||4,202|(4,202)||
|NecSTour
Glocs Rail Partnership|||1,629
10,000|(1,629)
(10,000)||
|Lake Tahoe CREST|||41,586|(41,586)||
|Visit Finland|||2,482|(2,482)||
|Oceanside
Project|||8,546|(8,546)||
|Sidmouth
Town Council|||5,000|(5,000)||
|Expedia|||51,654|(48,220)|3,434|
|Surrey University|||4,000|(4,000)||
|Total restricted funds|326,734||563,617|(845,919|44,432|
|Total funds|499,033||756,129|(937,065|318,097|
##
##
|Notes t|o the Financi|al Statemen|ts
for t|he Year Ende|d 31 Decemb|er 2022|
|---|---|---|---|---|---|---|
|||||||Balance at 31|
|||Balance at 1
January
2021||Incoming
resources
F|Resources
expended
F|December
2021|
|Unrestricted|funds||||||
|General|||||||
|General||236,637||150,986|(215,324)|172,299|
|Restricted|||||||
|IKI/UNEP|||1,178||(1,178)||
|EBRD||||4,289|(4,289)||
|TCF BUSB|Jamaica|72,311||97,879|(68,624)|101,566|
|TCFSSPF|Cyprus|23,468||67,451|(72,408)|18,511|
|ETC|||2,585|11,552|(14,137)||
|TCF FFFTurkey||76,016||37,301|(78,404)|34,913|
|SMILO||||5,168|(5,168)||
|GIZ||||158,598|(16,854)|141,744|
|US Embassy|||5,330|6,188|(11,518)||
|IUCN||||2,490|(2,490)||
|easyJet Holidays||||70,000|(40,000)|30,000|
|Hilton||||9,207|(9,207)||
|NKC||||1,247|(1,247)||
|Visit California||||17,474|(17,474)||
|Purbeck||||3,500|(3,500)||
|GIZ (webinar)||||6,496|(6,496)||
|Travel Oregon||||2,220|(2,220)||
|Travel Corporation||||6,968|6,968)||
|Total restricted funds||180,888||508,028|362,182|326,734|
|Total funds||417,525||659,014|577,506)|499,033|
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|21 Analysis
ofnet assets between funds|21 Analysis
ofnet assets between funds|21 Analysis
ofnet assets between funds||||
|---|---|---|---|---|---|
||||||Total funds|
||||Unrestricted||at 31|
||||funds|Restricted|December|
||||General|funds|2022|
|Tangible||fixed assets|6,423||6,423|
|Current|assets||358,548|44,432|402,980|
|Current|liabilities||(57,473)||(57,473)|
|Creditors||over 1 year|(33,833)||(33,833|
|Total net||assets|273,665|44,432|318,097|
||||||Total funds|
||||Unrestricted||at 31|
||||funds|Restricted|December|
||||General|funds|2021|
|Tangible||fixed assets|6,865||6,865|
|Current|assets||241,884|326,734|568,618|
|Current|liabilities||(33,559)||(33,559)|
|Creditors||over 1 year|42,891|||
|Total net||assets|172,299|326,734|499,033|
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