DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
Charity registration number 1080131
Company registration number 03921677 (England and Wales)
EDUCATION SAVES LIVES
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Miles Donohoe (Chair) Jenny Edwards (Chair) Matthew Sampson Russell Thompson Stuart Dawson (Appointed 9 February 2022) Charity number 1080131 Company number 03921677 Registered office Canopi 7-14 Great Dover Street London SE1 4YR Auditor Haines Watts Oakingham House Frederick Place High Wycombe Buckinghamshire HP11 1JU
DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 5 |
| Statement of Trustees' responsibilities | 6 |
| Independent Auditor's report | 7 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 15 |
DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
The Board presents their report together with the audited financial statements of the company for the year ended 31 March 2022. The Report of the Board is also 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 totalled £117,860 whilst funds expended totalled £93,888, a net surplus of £23,972 (2021: £30,500 - deficit). The organisation had negative fund balance of £42,240 carried forward from the previous year.
RESERVES POLICY
Our parent organisation, Canopi 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. Education Saves Lives retains individual Registered charity and Legal entity status and is a wholly owned subsidiary of Canopi Foundation.
The charity objects of Education Saves Lives are:
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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 fulfil their potential and their conditions of life may be improved
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To promote the protection and preservation of health among the beneficiaries by informing and assisting them to avoid infection by Human Immunodeficiency Virus (HIV)
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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
Note: Canopi Foundation also owns two other wholly owned subsidiaries, Canopi Foundation 1 and Canopi Foundation 2, operating in the sphere of serviced offices and training for the Social Sector.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the Charitable Company and the Group are exposed, in particular those related to the operations and finances of the Charitable Company and the Group and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. The significant risks of the COVID pandemic posed an ever-moving challenge, but were handled by the Management Team in line with Government guidelines.
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.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the Company and the Group is the responsibility of the Trustees who are elected and coopted 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.
The following Trustees had a beneficial interest in contracts with the Charitable Company during the year:
- Russell Thompson was engaged as Interim Finance Director on a part-time basis from 28th September 2020 to date
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:
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Stuart Dawson (Appointed 9 February 2022)
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Miles Donohoe
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Jenny Edwards
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Matthew Sampson
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Russell Thompson
Russell Thompson covered the role of part-time Finance Director on a paid basis. This role was reviewed January 2021 and agreed to continue, it will be reviewed in the New Year.
INDUCTION AND TRAINING OF NEW TRUSTEES
The Charitable Company strives to ensure equal opportunities and diversity in both the employment of staff and Trustee appointments. Selection criteria and procedures are regularly reviewed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities.
Trustees are given a comprehensive induction when they join the Charitable Company. Recruitment involves
interviews with the Chair and existing Trustees.
Additionally, individual Trustees may undertake external training in a particular area of their role on the governing
body.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The Board of Trustees controls and manages the affairs of the charity. Leadership and operational management of Education Saves Lives are devolved to the Senior Management Team.
The Senior Management Team through this period, and at the time of writing this report, are:
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Clive Dove-Dixon - Chief Executive (Canopi Foundation - Group)
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Rachel Butt – Director (Education Saves Lives)
The Board of Trustees hold the Senior Management Team to account on key performance indicators as agreed between both parties, as well as monitoring the strategic direction.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Principal activities
Education Saves Lives’ principal activities
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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
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To promote the protection and preservation of health among the beneficiaries by informing and assisting them to avoid infection by Human Immunodeficiency Virus (HIV)
-
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
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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
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Marketing and distribution of DVD and online lessons – wherever possible through partnerships
We produce interactive audio-visual lessons which are published on DVD and offered for online viewing on our website. We currently offer 33 different lesson titles across a range of topics (see below), all of which address different health and life threats, as well as contributing 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 our lessons are available for streaming from our website.
A clinical review process to audit and update (where needed) the scripts of our lessons has been established, to ensure that the content is up to date, relevant, and appropriate. Priority has been given to lessons that are most likely to require update because they refer to specific clinical guidance rather than general principles (e.g. guidance on Antiretroviral therapies has changed in the lessons about HIV medicine, as new treatments become available).
| HIV/AIDS: Caring For Someone With AIDS Having an HIV Test Living With HIV HIV/AIDS HIV/AIDS: A Guide For Children How to Take Your HIV Medicine (Your HIV Medicine) HEALTH: Avoiding Ebola Avoiding Malaria (Malaria) Bednets Can Save Lives Cholera Coronavirus Diarrhoea High Blood Pressure Immunisation |
HEALTHY LIVING: Basic Hygiene Healthy Eating Looking After Your Teeth Safe Water ADDICTION: Dangers of Alcohol Dangers of Smoking Say No to Glue and Drugs SEX EDUCATION: Becoming a Man Becoming a Woman Safer Sex For Teenagers |
SAFE LIVING: Human Trafficking Taking Care and Keeping Safe MOTHER AND BABY: Breastfeeding TBA Skills - Pregnancy When to Have a Baby You and Your New Baby HEALTHY ENVIRONMENT: Making Compost Planting Trees is Good Beware of Landmines |
|---|---|---|
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENTS AND PERFORMANCE
Summary of main achievements
As countries and communities emerged from Coronavirus lockdowns and began to deal with backlogs and delays in their health provision, demand for the lessons rose. As well as small, locally-led organisations, we were in contact with larger networks and even regional health departments, with the result that a total of 17,155 DVDs were sent out in the reporting period. Users are not charged for the DVDs they receive from us.
We know that on average our DVDs are viewed by 200 people in their lifetime, so we can project that around three and a half million viewings were achieved in the reporting period. This works out at a cost of less than 3 pence (£0.03) per viewing across all our users.
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.
During the period, we also began two targeted projects in India and Rwanda with the aim of testing a new delivery model for lessons on memory-stick and of achieving larger distribution numbers with a state-wide rollout in Tamil Nadu. This work will continue into the next period, during which monitoring visits will be carried out. In the early phase of the projects, during the reporting period, nearly 130,000 confirmed viewings had been recorded across multiple settings.
Plans for future developments
Education Saves Lives’ objectives for the coming year are:
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Continue to increase distribution : we will continue to identify and engage with new partner groups and users, to ensure maximum reach of the lessons
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Expand the lesson review project : ensure that every lesson we offer is up to date, relevant and appropriate
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Planning for root and branch review : ensuring that the delivery method, as well as content, remains fit for purpose in the future. Improving access to technology may allow us, or even require us, to modify the basic template of our lessons; planning for this now will mean we can stay agile
Public benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. The aims of the Charitable Company for the public benefit are detailed in the 'Objectives and Activities' section of this report and the main activities undertaken in order to carry out the Charitable Company's aims for the public benefit are outlined under 'Achievements and Performance' above.
Employee involvement and employment of the disabled
Employees have been consulted on issues of concern to them by means of regular consultative committee and staff meetings and have been kept informed on specific matters directly by management. The Charitable Company and the Group carry out exit interviews for all staff leaving the organisation and has adopted a procedure of upward feedback for senior management and the Trustees.
The Charitable Company and the Group have implemented a number of detailed policies in relation to all aspects
of personnel matters including:
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Equal Opportunities Policy
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Volunteers' Policy
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Health & Safety Policy
In accordance with the Charitable Company and the Group's Equal Opportunities Policy, the Charitable Company and the Group have long established fair employment practices in the recruitment, selection, retention and training of disabled staff.
Full details of these policies are available from the Charitable Company and the Group's offices.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Thank you
Many thanks to our customers, partners and staff who have supported us through the most challenging period of the Foundation's history - coping with the Covid-19 pandemic and its impact on our organisation and our lives.
Disclosure of information to Auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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So far as that Trustee is aware, there is no relevant audit information of which the Charitable Group's Auditors are unaware, and
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That Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the Charitable Group's Auditors are aware of that information
Auditor
In accordance with the Company's articles, a resolution proposing that Haines Watts be reappointed as Auditor of the Company will be put at a General Meeting.
The Designated Trustees will propose a motion appointing the Auditors, Haines Watts, at a meeting of the Trustees.
The Trustees declare that they have approved the Trustee’s report above. Signed on behalf of the charity’s Trustees
..............................
Miles Donohoe (Chair) 13/12/2022
Dated: .........................
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EDUCATION SAVES LIVES
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022
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:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent; and
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State whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the accounts; and
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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:
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There is no relevant information, being information needed by the Auditor in connection with preparing their report, of which the Auditor is unaware, and
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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.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
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 2022 which comprise the statement of financial activities, the balance sheet and 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 Financial Reporting Standard 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:
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Give a true and fair view of the state of the Charitable Company's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;
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Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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.
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.
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:
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The information given in the financial statements is inconsistent in any material respect with the Trustees' report; or
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Sufficient accounting records have not been kept; or
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The financial statements are not in agreement with the accounting records; or
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We have not received all the information and explanations we require for our audit.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EDUCATION SAVES LIVES
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.
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:
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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.
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We obtained an understanding of how the charity is complying with those legal and regulatory frameworks and made enquiries to the management of known or suspected instances of fraud and non-compliance with laws and regulations.
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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.
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
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:
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Identifying and assessing the controls, management has in place to prevent and detect fraud, including the existence of supervisory controls;
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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);
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Identifying and testing journal entries, in particular journal entries posted with unusual account combinations; and
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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
Oakingham House Frederick Place High Wycombe Buckinghamshire United Kingdom HP11 1JU
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EDUCATION SAVES LIVES
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 117,860 - Expenditure on: Raising funds 4 - - Charitable activities 5 93,888 - Total resources expended 93,888 - Net incoming/ (outgoing) resources before transfers 23,972 - Gross transfers between funds 2,859 (2,859) Net income/(expenditure) for the year 26,831 (2,859) Fund balances at 1 April 2021 (47,265) 5,025 Fund balances at 31 March 2022 (20,434) 2,166 |
Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 117,860 25,222 - - 3,544 - 93,888 52,178 - 93,888 55,722 - 23,972 (30,500) - - - - 23,972 (30,500) - (42,240) (16,765) 5,025 (18,268) (47,265) 5,025 |
Total 2021 £ 25,222 3,544 52,178 55,722 (30,500) - (30,500) (11,740) (42,240) |
|---|---|---|
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.
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EDUCATION SAVES LIVES
BALANCE SHEET
AS AT 31 MARCH 2022
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Current assets | |||||||
| Cash at bank and in hand | 1,897 | 3,957 | |||||
| Creditors: amounts falling due within | |||||||
| one year | 9 | (20,165) | (46,197) | ||||
| Net current liabilities | (18,268) | (42,240) | |||||
| Income funds | |||||||
| Restricted funds | 2,166 | 5,025 | |||||
| Unrestricted funds | (20,434) | (47,265) | |||||
| (18,268) | (42,240) |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
7th Dec 2022
The financial statements were approved by the Trustees on .........................
.............................. Miles Donohoe (Chair) Trustee
Company Registration No. 03921677
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EDUCATION SAVES LIVES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
Charity information
Education Saves Lives is a private company limited by guarantee incorporated in England and Wales. The registered office is Canopi, 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.
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.
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EDUCATION SAVES LIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
1 Accounting policies
(Continued)
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 | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 117,743 | 22,271 |
| Admissions | 117 | 2,951 |
| 117,860 | 25,222 |
4 Raising funds
| Fundraising and publicity Staff costs |
Total Unrestricted funds 2022 2021 £ £ - 3,544 - 3,544 |
Total Unrestricted funds 2022 2021 £ £ - 3,544 - 3,544 |
|---|---|---|
| 3,544 |
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
5 Charitable activities
| Staff costs Office and administration costs Overseas project costs Other project costs Grants payable (see note 6) Analysis by fund Unrestricted funds 6 Grants payable Grants to institutions: COFAPRI |
2022 £ 43,190 21,491 23,863 5,344 93,888 - 93,888 93,888 2022 £ - |
2021 £ 34,552 9,068 - 5,699 |
|---|---|---|
| 49,319 2,859 |
||
| 52,178 | ||
| 52,178 | ||
| 2021 £ 2,859 |
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 | |||
|---|---|---|---|---|
| Number | Number | |||
| 2 | 2 | |||
| Employment costs | 2022 | 2021 | ||
| £ | £ | |||
| Wages and salaries | 38,116 | 33,273 | ||
| Social security costs | 2,823 | 2,611 | ||
| Other pension costs | 2,251 | 2,212 | ||
| 43,190 | 38,096 |
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DocuSign Envelope ID: 0BA689EB-7796-4665-96E6-5A7020AAB322
EDUCATION SAVES LIVES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
8 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
9 Creditors: amounts falling due within one year
| 2022 | 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||||||
| Other taxation and social | security | 270 | 271 | |||||||||
| Amounts owed to fellow group undertakings | 14,895 | 45,926 | ||||||||||
| Accruals and deferred income | 5,000 | - | ||||||||||
| 20,165 | 46,197 | |||||||||||
| 10 | Analysis of net assets between funds | |||||||||||
| Unrestricted | Restricted |
Total |
Unrestricted | Restricted |
Total | |||||||
| funds | funds | funds | funds | |||||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Fund balances at 31 | ||||||||||||
| March 2022 are | ||||||||||||
| represented by: | ||||||||||||
| Current assets/(liabilities) | (20,434) | 2,166 | (18,268) (47,265) |
5,025 | (42,240) | |||||||
| (20,434) | 2,166 | (18,268) (47,265) |
5,025 | (42,240) |
11 Related party transactions
There were no disclosable related party transactions during the year (2021 - none).
12 Control
Throughout the period, Education Saves Lives was ultimately controlled by the parent undertaking, Canopi Foundation (Formerly The Helen Taylor Thompson Foundation Limited), a Charitable Company incorporated in England and Wales.
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