DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 **Charity Registration No. 1080131** **Company Registration No. 03921677 (England and Wales)** ## **EDUCATION SAVES LIVES** **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Miles Donohoe Jenny Edwards (Chair) Matthew Sampson (Appointed 20 July 2020) Russell Thompson **Charity number** 1080131 **Company number** 03921677 **Registered office** PO Box 4040 Leamington Spa CV32 5YJ **Auditor** Haines Watts Suite G02, Aston Court Kingsmead Business Park Frederick Place High Wycombe Buckinghamshire HP11 1JU DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Statement of Trustees' responsibilities|4| |Independent auditor's report|5 - 7| |Statement of financial activities|8| |Balance sheet|9| |Notes to the financial statements|10 - 14| DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2021**_ The Board presents their report together with the audited financial statements of the company for the year ended 31 March 2021. The Report of the Board is also the Directors Report as required by s.417 of the Companies Act 2006 and the Trustees' Report as required by parts 8 and 10 of the Charities Act 2011, as amended by the Charities Act 2006. The financial statements comply with the requirements of the Companies - Act 2006, the Charitable Company's Articles of Association and the Statement of Recommended Practice Accounting and Reporting by Charities (FRS 102). ## **Achievements and performance** ## **Financial review** Funds received totaled £25,222 whilst funds expended totaled £55,722, a net loss of £30,500 (2020: £23,178). The organization had negative fund balance of £11,740 carried forward from the previous year. ## **Reserves Policy** Our parent organisation, the Helen Taylor Thompson Foundation, underwrites the organisation’s core costs as per agreed budget and prior approval from the Chief Executive. ## **Structure, governance and management** ## **Constitution** Education Saves Lives is a charitable company limited by guarantee and is a registered charity. It is governed by its Memorandum and Articles of Association, adopted last amended on 28 January 2000. In January 2019 Education Saves Lives was merged with the Helen Taylor Thompson Foundation (HTTF: Registered Number 03635124, Charity Number 1075749). Education Saves Lives retains individual Registered Charity and Legal entity status. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Miles Donohoe Jenny Edwards (Chair) Matthew Sampson (Appointed 20 July 2020) Russell Thompson Clive Dove-Dixon (Resigned 1 June 2020) Francesca Durante (Resigned 13 August 2020) ## **Method of Appointment or Election of Trustees** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The Articles of Association stipulate that there must be a minimum of three and a maximum of ten Trustees. All Trustees must be members of the charitable company, additional Trustees may be appointed by the existing Trustees at any time, either to fill a casual vacancy or as an addition to the existing Trustees. Any Trustee so appointed will hold office only until the next Annual General Meeting and will then be eligible for re-election. One third of the Trustees are to retire by rotation at each Annual General Meeting. ## **Safeguarding** Safeguarding sits alongside our core objective of enabling all people to live a healthier and safer life. While we have policies in place to cover our own office, ensuring that all our beneficiaries and partners are protected is a very different proposition. We seek to involve our partners in Safeguarding, and have developed a code of conduct which encourages them to open in reporting locally and to us, if, for example, any disclosures are made during a meeting where our lessons are being viewed. There were no safeguarding concerns raised in the period covered by this report. - 1 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **Objectives and activities** ## **Principle activities** Education Saves Lives’ principle activities - I. to educate and train young people and children (“the beneficiaries”) in any part of the world where social and economic conditions put them at risk of exploitation, particularly from prostitution or forced labour, so that they may fulfill their potential and their conditions of life may be improved - II. to promote the protection and preservation of health among the beneficiaries by informing and assisting them to avoid infection by Human Immunodeficiency Virus (HIV) - III. to relieve disability among the beneficiaries in any part of the world by the provision of a medical and surgical treatment and by providing education and training to enable them to overcome their disability ## **Summary of activities undertaken for the public benefit** In carrying out their duties, the Trustees have given due regard to guidance given by the United Kingdom Charity Commission on public benefit. We seek to meet these objectives through these primary activities: - Producing interactive, audio-visual lessons that give the key facts about threats to health and life in an easy to understand, accessible manner - Translating the lessons into the local languages of vulnerable and disadvantaged communities, and recording the soundtracks in order to create new lessons which will be on DVD and online - Marketing and distribution of DVD and online lessons – wherever possible through partnerships We produce interactive audio-visual lessons and publish them on DVD and offer them for online streaming from our website. We currently offer 33 different lesson titles (see below), addressing different health and life threats, all of which contribute to the sustainable development goals (SDGs). Each lesson is recorded in local languages so that all communities can access the information, whatever their level of education. These are then made available, free, on DVD for use by anyone, from grassroots organisations to government ministries. In addition, over 90% of available lessons are available for streaming from our website. - 2 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **Achievements and performance** ## **Summary of main achievements** The Coronavirus pandemic had a large impact on our work. For a large part of 2020, many partners found their activities curtailed by local lockdowns and curfews, with the result that the numbers of DVDs being requested was very low. During this period we focused on the production of the new online lesson, to share the WHO advice on COVID-19 in the same accessible format as our other lessons. With the help of many volunteers we were able to make the lesson available in around 30 different languages online. The largest single user of these lessons was a multi-national employer with factories across Asia, Europe and northern Africa, large numbers of their employees used the lessons and shared them with their families. Later in the year demand for DVDs began to rise again, and by the end of the reporting period, 7,599 DVDs had been distributed which is above average compared to previous years. We know that on average our DVDs are viewed by 200 people in their lifetime, so we can project that over one and a half million people were reached in the reporting period. The groups that use our lessons are addressing a wide spectrum of needs across a huge geographical area. The usual model is for the lessons to be used in the context of an existing project, which will be addressing one or more of the Sustainable Development Goals, but sometimes partners are designing projects specifically to incorporate our lessons because they see the value and impact that these lessons add to the local community. Sustainable Development Goals addressed by Education Saves Lives’ lessons include: |No Poverty Clean Water and Sanitation|
Climate Action| |---|---| |Zero hunger Affordable and Clean Energy|
Life on Land| |Good health and well-being Reduced inequalities|
Partnership for the goals| |Gender Equality|| During the early part of 2021, towards the end of the reporting period, we were in conversation with a number of groups that led us to believe numbers of DVDs requested should rise even further. Our users tell us that they expect the main effect of the pandemic to be the worsening of existing health problems for the most vulnerable, similar to what was observed in West Africa during the Ebola crisis. This seems to be borne out by external reports. This means that our lessons will have a key role play to play in ongoing COVID recovery, probably for years to come. We are also working with our users to ensure that the viewings themselves are not a COVID-risk, by ensuring they observe local guidelines on social distancing and face covering. ## **Fundraising activities** In December 2020 we participated in the Big Give Christmas Challenge, raising over £7,000 for our work. The focal point of the fundraising was our first ever online concert, which included contributions from many gifted artists and our Patron Nina Wadia. We’d like to put on record our thanks to all our donors, and all those who gave their time and skills to make this unique event possible. The Trustees declare that they have approved the Trustee’s report above. Signed on behalf of the charity’s Trustees .............................. **Jenny Edwards (Chair)** 20/01/2022 Dated: ......................... - 3 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ The Trustees, who are also the directors of Education Saves Lives for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and accounting estimates that are reasonable and prudent; and - state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Statement as to disclosure to our auditors** In so far as the trustees are aware at the time of approving our trustees' annual report: - there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the auditor is unaware, and - the trustees, having made enquires of fellow directors and the auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. - 4 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF EDUCATION SAVES LIVES** ## **Opinion** We have audited the financial statements of Education Saves Lives (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. However, not all future events or conditions can be predicted. The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the company’s trade, customers, suppliers and wider economy. The trustees’ view on the impact of COVID-19 is disclosed on the accounting policies note 1.2. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - 5 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EDUCATION SAVES LIVES** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of Trustees** As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. ## **Explanation as to the extent to which the audit was considered capable of detecting irregularities, including fraud** During the audit we identify and assess the risk of material misstatements of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud and error; and to respond appropriately to those risks. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following: - We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006, the Charities Act 2011, UK GAAP, UK corporation tax laws and the Data Protection Act. - We obtained an understanding of how the charity are complying with those legal and regulatory frameworks and made enquiries to the management of known or suspected instances of fraud and noncompliance with laws and regulations. - We corroborated our enquiries through our review of board minutes, other relevant meeting minutes and review of correspondence with regulatory bodies and also obtained management representations regarding compliance with applicable laws and regulations. - 6 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EDUCATION SAVES LIVES** We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit team included: - Identifying and assessing the controls, management has in place to prevent and detect fraud, including the existence of supervisory controls; - Challenging assumptions and judgements made by management in its significant accounting estimates and judgements (in particular in relation to depreciation, work in progress, deferred revenue and warranty provisions); - Identifying and testing journal entries, in particular journal entries posted with usual account combinations; and - Assessing the extent of compliance with the relevant laws and regulations. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusions. There is always the unavoidable risk that material misstatements in the financial statements may not be detected despite the audit being properly performed in accordance with UK Auditing standards. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **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 auditors' 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. **Gary A Heywood (Senior Statutory Auditor) for and on behalf of Haines Watts** ......................... **Chartered Accountants Statutory Auditor** Suite G02, Aston Court Kingsmead Business Park Frederick Place High Wycombe Buckinghamshire United Kingdom HP11 1JU - 7 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ |||||**Unrestricted**|**Restricted**|**Restricted**|**Total**|Unrestricted|Unrestricted|Restricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||**funds**||**funds**|||funds||funds|| |||||**2021**||**2021**|**2021**||2020||2020|2020| ||||**Notes**|**£**||**£**|**£**||**£**||**£**|**£**| |**Income from:**||||||||||||| |Donations and|legacies||**3**|25,222||-|25,222||29,560||-|29,560| |Investments|||**4**|-||-|-||2||-|2| |**Total income**||||25,222||-|25,222||29,562||-|29,562| |**Expenditure on:**||||||||||||| |Raising funds|||**5**|3,544||-|3,544||1,549||-|1,549| |Charitable activities|||**6**|52,178||-|52,178||51,191||-|51,191| |**Total resources**||||||||||||| |**expended**||||55,722||-|55,722||52,740||-|52,740| |**Net expenditure**||**for the year**||(30,500)||-|(30,500)
(23,178)||||-|(23,178)| |Fund balances at||1||||||||||| |April 2020||||(16,765)||5,025|(11,740)||6,413||5,025|11,438| |**Fund balances at 31**||||||||||||| |**March 2021**||||(47,265)||5,025|(42,240)
(16,765)||||5,025|(11,740)| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 8 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2021**_ |||**2021**|||**2020**||| |---|---|---|---|---|---|---|---| ||**Notes**|**£**|**£**||**£**|**£**|| |**Current assets**|||||||| |Cash at bank and in hand||3,957|||849||| |**Creditors: amounts falling due within**|||||||| |**one year**|**10**|(46,197)||(12,589)|||| |Net current liabilities||(42,240)|||(11,740)||| |**Income funds**|||||||| |Restricted funds|||5,025|||5,025|| |Unrestricted funds||(47,265)|||(16,765)||| |||(42,240)|||(11,740)||| These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 20th December 2021 The financial statements were approved by the Trustees on ......................... .............................. Jenny Edwards (Chair) **Trustee** ## **Company Registration No. 03921677** - 9 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **1 Accounting policies** ## **Charity information** Education Saves Lives is a private company limited by guarantee incorporated in England and Wales. The registered office is Can Mezzanine, 7-14 Great Dover Street, London, SE1 4YR. ## **1.1 Accounting convention** The accounts have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Trustees have tested their cash flow analysis to take into account the impact on the entity of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. ## **1.5 Resources expended** Liabilities are recognised as resources expended where there is a legal or constructive obligation committing the charity to the expenditure, All expenditure is accounted for on an accruals basis and includes, where applicable, value added tax where this is irrecoverable. Cost of generating funds are those included in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. - 10 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Taxation** Education Saves Lives is a registered charity and has no liability to corporation tax on their charitable activities. ## **1.8 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**2021**|2020| ||**£**|£| |Donations and gifts|22,271|29,060| |Admissions|2,951|500| - **4 Investments** ||**Total**|Unrestricted| |---|---|---| |||funds| ||**2021**|2020| ||**£**|£| |Interest receivable|-|2| - 11 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **5 Raising funds** |||**Unrestricted**|**Unrestricted**|Unrestricted|Unrestricted| |---|---|---|---|---|---| ||||**funds**||funds| ||||**2021**||2020| ||||**£**||£| ||Fundraising and publicity||||| ||Staff costs||3,544||1,549| ||||3,544||1,549| |**6**|**Charitable activities**||||| ||||**2021**||**2020**| ||||**£**||**£**| ||Staff costs||34,552||38,483| ||Office and administration|costs|9,068||5,548| ||Other project costs||5,699||7,160| ||||49,319||51,191| ||Grants payable (see note 7)||2,859||-| ||||52,178||51,191| ||**Analysis by fund**||||| ||Unrestricted funds||52,178||51,191| |**7**|**Grants payable**||||| ||||**2021**||2020| ||||**£**||£| ||Grants to institutions:||||| ||COFAPRI||2,859||-| ## **8 Trustees** None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 12 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **9 Employees** The average monthly number of employees during the year was: |||**2021**||**2020**| |---|---|---|---|---| ||**Number**||**Number**|| |||2||2| |**Employment costs**||**2021**||**2020**| |||**£**||**£**| |Wages and salaries||33,273||40,032| |Social security costs||2,611||-| |Other pension costs||2,212||-| |||38,096||40,032| There were no employees whose annual remuneration was more than £60,000. ## **10 Creditors: amounts falling due within one year** |**2021**
**£**
Other taxation and social security
271
Amounts owed to fellow group undertakings
45,926
Other creditors
-
46,197
**11**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total** Unrestricted
funds
Restricted
funds
**2021**
**2021**
**2021**
2020
2020
**£**
**£**
**£**
£
£
Fund balances at 31
March 2021 are
represented by:
Current assets/
(liabilities)
(47,265)
5,025
(42,240)
(16,765)
5,025
(47,265)
5,025
(42,240)
(16,765)
5,025|**2020**
**£**
271
-
12,318| |---|---| ||12,589| ||Total
2020
£
(11,740)| ||(11,740)| ## **12 Related party transactions** There were no disclosable related party transactions during the year (2020 - none). - 13 - DocuSign Envelope ID: 994EA812-DC4D-4B08-9F6C-E3FF1A0DA713 ## **EDUCATION SAVES LIVES** **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **13 Control** Throughout the period, Education Saves Lives was ultimately controlled by the parent undertaking, The Helen Taylor Thompson Foundation Limited, a charitable company incorporated in England and Wales. - 14 -