Charity number: 1097584
The Trinity Foundation Programme (UK) UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2021
Prepared By: M E Strom Limited CPAA 333-335 High Street Bangor Gwynedd LL57 1YA
The Trinity Foundation Programme (UK)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2021
TRUSTEES
Dr H Kitanaka Ms H Sunada Ms K Sunada Mr R C M Driver
PRINCIPAL OFFICE
51-52 High Street Bangor Gwynedd LL57 1NR
CHARITY NUMBER
1097584
ACCOUNTANTS
M E Strom Limited CPAA 333-335 High Street Bangor Gwynedd LL57 1YA
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The Trinity Foundation Programme (UK)
ACCOUNTS FOR THE YEAR ENDED 31/03/2021
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 5 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 to 13 |
| Detailed Statement of Financial Activities | 12 |
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The Trinity Foundation Programme (UK)
FOR THE YEAR ENDED 31/03/2021
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2021 . The financial statements have been prepared in accordance with the accounting policies set out in note 1 to to the financial statements, and comply with the charity's constitution.
LEGAL AND ADMINISTRATIVE INFORMATION
The trustees who served during the year are as stated below:
Dr H Kitanaka Ms H Sunada Ms K Sunada Mr R C M Driver Principal office 51-52 High Street Bangor Gwynedd LL57 1NR
STRUCTURE GOVERNANCE AND MANAGEMENT
The charity is governed by a declaration of trust dated 1 January 2002, as amended 3 November 2010 and constitutes an unincorporated charity.
The trustees are appointed in accordance with the procedures laid down in the trust deed.
OBJECTIVES AND ACTIVITIES
The charity's objective is to further the education of students by providing foundation and other courses at the University of Dublin Trinity College and the University of Wales Bangor.
ACHIEVEMENTS AND PERFORMANCE
The charity has been able to further the education of overseas students during the year.
FINANCIAL REVIEW
The year to March 2021 has been particularly difficult for the charity, as the foreign students for whom it caters have been unable to travel to Wales for the majority of the financial year. However, with the support of various grants, the charity has been able to remain solvent, and meet its liabilities as they fall due.
This report was approved by the Board of Trustees on 06/12/2021
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The Trinity Foundation Programme (UK)
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
Ms K Sunada Trustee
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The Trinity Foundation Programme (UK)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TRINITY FOUNDATION PROGRAMME (UK)
I report on the accounts of the company for the year ended 31/03/2021 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to ensure proper accounting records are kept in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements the Act
have not been met; or
..............................................
Date:
M E Strom Limited
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The Trinity Foundation Programme (UK)
INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/03/2021
CPAA 333-335 High Street Bangor Gwynedd LL57 1YA 0870 7771498
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The Trinity Foundation Programme (UK)
Statement of Financial Activities for the year ended 31/03/2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | Total | ||
| £ | £ | £ | £ | ||
| Income | |||||
| Income from generated funds | |||||
| Income from charitable activities | 73,583 | - | 73,583 | 198,968 | |
| Total Income and endowments | 73,583 | - | 73,583 | 198,968 | |
| Expenses | |||||
| Costs of generating funds | |||||
| Expenditure on Charitable activities | 65,714 | - | 65,714 | 300,442 | |
| Total Expenses | 65,714 | - | 65,714 | 300,442 | |
| Net gains on investments | |||||
| Net Income | 7,869 | - | 7,869 | (101,474) | |
| Gains/(losses) on revaluation of fixed assests | |||||
| Net movement in funds: | |||||
| Net income for the year | 7,869 | - | 7,869 | (101,474) | |
| Total funds brought forward | 109,770 | - | 109,770 | 211,244 | |
| Net funds carried forward | 117,639 | - | 117,639 | 109,770 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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The Trinity Foundation Programme (UK)
| BALANCE SHEET AT 31/03/2021 Notes FIXED ASSETS Tangible assets 2 CURRENT ASSETS Cash at bank and in hand 31,927 31,927 CREDITORS: Amounts falling due within one year 3 14,309 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 4 NET ASSETS CAPITAL AND RESERVES Unrestricted funds 5 General fund |
2021 £ 112,129 20,211 20,211 6,414 17,618 129,747 12,108 117,639 117,639 117,639 |
2020 £ 116,308 13,797 |
|---|---|---|
| 130,105 20,335 |
||
| 109,770 | ||
| 109,770 | ||
| 109,770 |
Approved by the Trustees on 06/12/2021 and signed on their behalf by
............................. Ms K Sunada Trustee
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The Trinity Foundation Programme (UK)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
Incoming resources are included in full in the Statement of Financial Activities when receivable.
1c. Resources Expended
Resources expended are recognised in the period in which they are incurred and include attributable VAT which cannot be recovered.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Straight line over 50 Land And Buildings years Straight line over 50 Property Improvements years 25% reducing balance Fixtures and Equipment basis 33.33% reducing balance Computers basis 25% reducing balance Motor Vehicles basis
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The Trinity Foundation Programme (UK)
2. TANGIBLE FIXED ASSETS
| Cost At 01/04/2020 At 31/03/2021 Depreciation At 01/04/2020 For the year At 31/03/2021 Net Book Amounts At 31/03/2021 At 31/03/2020 |
Land/ Buildings £ 160,964 160,964 57,943 3,219 61,162 99,802 103,021 |
Property Imp's £ 15,541 15,541 5,533 311 5,844 9,697 10,008 |
Fixtures/ Fittings £ 11,493 11,493 9,691 451 10,142 1,351 1,802 |
Computers £ 5,382 5,382 4,240 114 4,354 1,028 1,142 |
Motor Vehicles £ 39,500 39,500 39,165 84 39,249 251 335 |
Total £ 232,880 |
|---|---|---|---|---|---|---|
| 232,880 | ||||||
| 116,572 4,179 |
||||||
| 120,751 | ||||||
| 112,129 116,308 |
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Other creditors | 14,309 | 6,414 | |
| 14,309 | 6,414 |
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Bank loans and overdrafts | 12,108 | 20,335 |
| 12,108 | 20,335 |
Included in other creditors are:
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The Trinity Foundation Programme (UK)
5. UNRESTRICTED FUNDS
General fund
| Brought forward £ 109,770 109,770 |
Incoming resources £ 73,583 73,583 |
Outgoing resources £ (65,714) (65,714) |
Transfers £ - - |
Carried forward £ 117,639 |
|---|---|---|---|---|
| 117,639 |
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The Trinity Foundation Programme (UK)
| Incoming Resources for the year ended 31/03/2021 Incoming resources Incoming resources from generated funds Educating foreign students Grants 54,342 Bank interest 1 Educating foreign students Educating foreign students 19,240 |
2021 £ - 84 54,343 198,884 19,240 73,583 73,583 |
2020 £ 84 198,884 198,968 198,968 |
|---|---|---|
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The Trinity Foundation Programme (UK)
Expenses for the year ended 31/03/2021
| Expenses Costs of generating funds Charitable Activities Education Entertaining Rates and water Insurance Heat and light Cleaning Repairs and renewals Wages and salaries Lecturers and support Student recruitment costs Rent payable Motor expenses Travel expenses Food Accountancy fees Printing, postage and stationery Books, CDs and DVDs Telephone Bank charges Bank loan interest Sundry expenses Depreciation |
2021 £ - 133 2,294 1,457 65 813 39,194 6,832 246 - 2,308 - - 2,795 24 2,059 1,949 269 872 225 4,179 65,714 65,714 |
2020 £ 2,230 410 1,855 2,564 240 1,893 45,156 49,874 133,837 36,366 2,367 3,585 1,844 2,797 1,493 2,710 3,220 252 1,152 1,792 4,805 |
|---|---|---|
| 300,442 | ||
| 300,442 |
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