2020-12-31-accounts

Trustees’ Annual Report for the period

From 01 January 2020 To 31 December 2020

Charity name: Project Return

Charity registration number: 1081641

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Award grants to various different projects which promote better health, education , vocational training and self sufficiency in South East Asia
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Trustees seek to fulfil these objectives through supporting projects in developing countries, especially those in South East Asia, designed to show God’s compassion for people in need.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees confirm that they have had due regard to the information provided by the Charity Commission.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	When approving new investments, the Trustees consider reports by persons acting on behalf of the Trustees who have visited South East Asia. During 2020, Project Return has made donations to the following projects: • Fees for attending schools and universities • Fees for vocational training • Social fund for medicines and hospital treatment In addition, £5,273 was provided for the installation of a water purification system at an elderly person’s home.

All donations are made to institutions of the Catholic Church and all the projects are administered by them. The projects are directed toward the promotion of selfsufficiency education, vocational training, and better health =. Payments are made to those who would otherwise have few means of obtaining such benefits. During the year, children and young people have been supported in their education or vocational training. Subjects include computing, dressmaking, tailoring and motorcar servicing. Most of the students who have successfully completed their courses have been able to obtain jobs. Supporters of the charity receive newsletters twice yearly summarising progress with current projects.

Additional information (optional) Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial year, the Charity held reserves of £19,417 having made a small surplus for the year of £5,933.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are maintained for the provision of education and other projects in line with the Charity’s Deed of Trust
Amount of reserves held	Para 1.22	Dedicated reserves are held where specific donations have been made, but are used for the same purpose as the general fund.
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Donations from members of the public
Investment policy and objectives including any social investment policy adopted	Para 1.46	A small deposit account is held with CCLA Investment Management Ltd.
A description of the principal risks facing the charity	Para 1.46	Reduced level of donation from members of the public.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	The operations of the Charity are conducted in accordance with the Deed of Trust. All the Trustees are active in the running of the Charity and there are no paid employees.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Interview at Trustee meeting

Reference and Administrative details

Charity name	Project Return
Other name the charity uses	None
Registered charitynumber	1081641
Charity’s principal address	43 Thomson Drive Crewkerne TA18 8AQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
Ian Harbour	Chair
Esther Harbour
Anne Woolley
Anne Charlton	Treasurer
Ronald Harbour
Louise Hill
Elaine Marshall		Resigned 25.07.2020
James Marshall		Resigned 25.07.2020

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	None
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	None
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	None

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

I Harbour Signature(s) M D Cordy Ian Harbour Full name(s) Martin Cordy Position (eg Secretary, Trustee Chair, etc) Date 29 October 2021

Project Return Charity No (if any) 1081641 FOR ENGLAND AND WALES Annual accounts for the period Period end Period start date 01.01.2020 To date 31.12.2020 — ~~——————— ae~~ Section A Statement of financial activities Restricted Recommended categories by Unrestricted income Endowment Prior year activity funds funds funds Total funds funds

Recommended categories by activity	Guidance Notes	Unrestricted funds	Restricted income funds	Endowment funds	Total funds		Prior year funds
		£	£	£	£		£
Incoming resources (Note 3)		F01	F02	F03	F04		F05
Income and endowments from:
Donations and legacies	S01	26,395	-	-	26,395		27,916
Charitable activities	S02	-	-	-	-		-
Other trading activities	S03	-	-	-	-		-
Investments	S04	-	-		-		-
Separate material item of income	S05	-	-	-	-		-
Other	S06	-	-	-	-		-
Total	S07	26,395	-	-	26,395		27,916
Resources expended (Note 6)
Expenditure on:
Raising funds	S08	-	-	-	-		-
Charitable activities	S09	20,478	-	-	20,478		29,768
Separate material item of expense	S10	-	-	-	-		-
Other	S11	-	-	-	-		-
Total	S12	20,478	-	-	20,478		29,768
Net income/(expenditure) before investment
gains/(losses)	S13	5,917	-	-	5,917	-	1,852 -
Net gains/(losses) on investments	S14	16	-	-	16		34
Net income/(expenditure)	S15	5,933	-	-	5,933	-	1,818 -
Extraordinary items	S16	-	-	-	-		-
Transfers between funds	S17	-	-	-	-		-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use	S18	-	-	-	-		-
Other gains/(losses)	S19	-	-	-	-		-
Net movement in funds	S20	5,933	-	-	5,933	-	1,818 -
Reconciliation of funds:
Total funds brought forward	S21	13,484	-	-	13,484		15,302
Total funds carried forward	S22	19,417	-	-	19,417		13,484

1

Section B Balance sheet

Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees	Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	3,057
		-	-	-	-	-
		19,417	-	-	19,417	22,050
		19,417	-	-	19,417	25,107
		-	-	-	-	11,623
		19,417	-	-	19,417	13,484
		19,417	-	-	19,417	13,484
		-	-	-	-	-
		-	-	-	-	-
		19,417	-	-	19,417	13,484
		-			-	-
			-		-	-
		19,417		-	19,417	13,484
					-
		19,417	-	-	19,417	13,484
		Signature		Print Name		Date of approval dd/mm/yyyy
	Martin Cordy			Martin Cordy		29.10.2021

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by ✓ FRS 102.*

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support Not Applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not Applicable going concern assumption doubtful; Where accounts are not prepared on a going Not Applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	✓	There have been no changes in the accounting policies	There have been no changes in the accounting policies
	✓
Please disclose	:
(i) the nature of	the chan	ge in accounting policy;
(ii) the reasons provides more r and	why appl eliable an	ying the new accounting policy d more relevant information;
(iii) the amount in the current p the aggregate a periods before t	of the ad eriod, eac mount of hose pre	justment for each line affected h prior period presented and the adjustment relating to sented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to a	ccounting	estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes No	✓	There have been no changes in the accounting practices
	✓

Please disclose:

(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No Please disclose	✓	There are no prior year material errors	There are no prior year material errors
	✓
	:
(i) the nature of	the prior	period error;
(ii) for each prio amount of the c affected; and	r period orrection	presented in the accounts, the for each account line item
(iii) the amount earliest prior pe	of the co riod pres	rrection at the beginning of the ented in the accounts.

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

----- Start of picture text -----
Please provide a description
of the nature of each change There are no changes
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

Note 2 Accounting policies 2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	Yes No N/a
Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
	✓
	Yes No N/a
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The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report.

2.4 ASSETS Intangible fixed assets Heritage assets Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. Volunteer help These are capitalised if they can be used for more than one year, and cost at least e vaue o any vountary ep receve s not ncue n te accounts ut s escre in the trustees’ annual report. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific technological geophysical or environmental qualities that are held and This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.		✓
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scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.

They are valued at cost.

Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Debtors

The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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Yes No N/a
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Yes No N/a
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 26,395- -26,395 27,916 Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - Total 26,395 - - 26,395 27,916 20,478- -20,478 29,768 - - - - - - - - - - Other - - - - - Total 20,478 - - 20,47829,768 - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interest income 16- -16 34 Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total 16 - -16 34 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 46,889- -46,889 57,718 Other information: Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. All income in the prior year was unrestricted except for: (please provide description and amounts) Analysis Donations and legacies: Charitable activities: Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. CC17a (Excel) 9 29/10/2021	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 26,395- -26,395 27,916 Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - Total 26,395 - - 26,395 27,916 20,478- -20,478 29,768 - - - - - - - - - - Other - - - - - Total 20,478 - - 20,47829,768 - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interest income 16- -16 34 Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total 16 - -16 34 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 46,889- -46,889 57,718 Other information: Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. All income in the prior year was unrestricted except for: (please provide description and amounts) Analysis Donations and legacies: Charitable activities: Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. CC17a (Excel) 9 29/10/2021
All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) CC17a (Excel)	9

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-				-
Operating membership schemes and social lotteries	-	-	-	-				-
Staging fundraising events	-	-	-	-				-
Fudraising agents	-	-	-	-				-
Operating charity shops	-	-	-	-				-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-				-
Advertising, marketing, direct mail and publicity	240	-	-	240	471	-	-	471
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-				-
Investment management costs:	-	-	-	-				-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	240	-	-	240	471	-	-	471
Expenditure on charitable activities:
Donations to Vietnam	20,238	-	-	20,238	29,297	-	-	29,297
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	20,238	-	-	20,238	29,297	-	-	29,297
Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
TOTAL EXPENDITURE Total other expenditure	-	-	-	-	-	-	-	-
	20,478	-	-	20,478	29,768	-	-	29,768

Other information:

Analysis of expenditure on charitable activities

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10

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Activity1	-	-	-	-	-	-	-	-
Activity2	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Please complete this note if the charity has any debtors or prepayments. Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	-	-
	-	3,057.0
	-	-
	-	3,057.0

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors Prepayments and accrued income Other debtors Total	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	11,623	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	11,623	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account

Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

ncome.
Thisyear	Lastyear
	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	19,417	22,050
	-	-
	19,417	22,050

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General Fund	UR	Payments toVietnam	13,484	26,411	- 20,478	-	-	19,417
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			13,484	26,411	- 20,478	-	-	19,417

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General Fund	UR	Payments toVietnam	15,302	27,950	- 29,768	-	-	13,484
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			15,302	27,950	- 29,768	-	-	13,484

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent ExaMine￿S Report Report to the tru$teesl members of PROJE cr On accounts for the year ended Charty no (if any) 3 1 DEC EMBE)z kn20 Set out on pages S¥ IBS I ￿,-?1 IBTrwibeT Io H￿ILth U)e p8qe of addrfion31 st*e.Isi I report to Ihe trustees on my examination of the accounts of the above charity (Ihe Trust") for the year ended 3 1 ri Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 {"the Actj. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the Acl Independent tthe charity's gross income excee 250,cIJO and l am qualrfied to examiner's statement undertake the examination ing a qualified member of linsert name of applicable listed bod elete [ ] rfnot applicable. I have completed my examination. I confirm thal no material matters have come to my attention in connection with the examination "I which gives me cause to believe that in. any material respect". the accounting records were not kept in accordance with section 130 of the Chartbes Act., or the accounts did not accord wlh the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accoun15 give a 'true and fair, view which is not a matter considered as part of an independenl examination. I have concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable 2 proper understanding of the accounts to be ￿ached. ase del e the wonls in the brackets if they do not apply. 2?1)0121 Signed: Date: Name: •4VLk 114 Relevant professional qualificationlsl or body ¢>F T14 E IER Oct 2018

(if any): ! Mark Rose Accountancy Foresters Hall 6 High Street Long Sutton Spalding, Lincolnshire PE12 9DB Address: Section B Disclosure Only complete if the examir)er needs lo highlight material matters of concern (see CC32, Independenl examinalion of charty accounts.. direction5 and guidance for examinersl- Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018