Charity number: 1097584 **The Trinity Foundation Programme (UK) UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2022** **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 31/03/2022** ## **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 page 1 ## **The Trinity Foundation Programme (UK)** ## **ACCOUNTS FOR THE YEAR ENDED 31/03/2022** ## **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| page 2 **The Trinity Foundation Programme (UK)** ## **FOR THE YEAR ENDED 31/03/2022** ## **TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31/03/2022 . 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 23/05/2023 page 3 **The Trinity Foundation Programme (UK)** **FOR THE YEAR ENDED 31/03/2022 TRUSTEES' REPORT** Ms K Sunada Trustee page 4 **The Trinity Foundation Programme (UK)** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 31/03/2022** ## **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 31/03/2022 . ## **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 page 5 **The Trinity Foundation Programme (UK)** **INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/03/2022** CPAA 333-335 High Street Bangor Gwynedd LL57 1YA 0870 7771498 page 6 **The Trinity Foundation Programme (UK)** ## **Statement of Financial Activities for the year ended 31/03/2022** |**Income**
Income from generated funds
Income from Investments
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
1
107,464
**107,465**
113,926
**113,926**
**(6,461)**
**(6,461)**
117,639
**111,178**|**Restricted**
**funds**
**£**
-
-
**-**
-
**-**
**-**
**-**
-
**-**|**2022**
**Total**
**£**
1
107,464
**107,465**
113,926
**113,926**
**(6,461)**
**(6,461)**
117,639
**111,178**|_2021_
_Total_
_£_
_-_
_73,583_| |---|---|---|---|---| |||||_73,583_| |||||_65,714_| |||||_65,714_| |||||_7,869_| |||||_7,869_
_109,770_| |||||_117,639_| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 7 ## **The Trinity Foundation Programme (UK)** |**BALANCE SHEET AT 31/03/2022**
**Notes**
**FIXED ASSETS**
Tangible assets
2
**CURRENT ASSETS**
Cash at bank and in hand
21,804
21,804
**CREDITORS: Amounts falling due within one year**
3
19,314
**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|**2022**
**£**
111,625
_31,927_
_31,927_
_14,309_
2,490
114,115
2,938
111,177
111,177
111,177|_2021_
_£_
_112,129_
_17,618_| |---|---|---| |||_129,747_
_12,108_| |||_117,639_| |||_117,639_| |||_117,639_| **Approved by the Trustees on 23/05/2023 and signed on their behalf by** ............................. Ms K Sunada Trustee page 8 **The Trinity Foundation Programme (UK)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2022** ## **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 page 9 **The Trinity Foundation Programme (UK)** ## **2. TANGIBLE FIXED ASSETS** |**Cost**
At 01/04/2021
At 31/03/2022
**Depreciation**
At 01/04/2021
For the year
At 31/03/2022
**Net Book Amounts**
At 31/03/2022
At 31/03/2021|**Land/**
**Buildings**
**£**
160,964
160,964
61,162
-
61,162
99,802
99,802|**Property**
**Imp's**
**£**
15,540
15,540
5,843
-
5,843
9,697
9,697|**Fixtures/**
**Fittings**
**£**
11,492
11,492
10,141
338
10,479
1,013
1,351|**Computers**
**£**
5,382
5,382
4,354
103
4,457
925
1,028|**Motor**
**Vehicles**
**£**
39,500
39,500
39,249
63
39,312
188
251|**Total**
**£**
232,878| |---|---|---|---|---|---|---| |||||||232,878| |||||||120,749
504| |||||||121,253| |||||||111,625
112,129| ## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| ||**2022**|_2021_| ||**£**|_£_| |Taxation and social security|852|_-_| |Other creditors|18,462|_14,309_| |||| ||19,314|_14,309_| ## **4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |**4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**
**YEAR**||| |---|---|---| ||**2022**|_2021_| ||**£**|_£_| |Bank loans and overdrafts|2,938|_12,108_| |||| ||2,938|_12,108_| page 10 **The Trinity Foundation Programme (UK)** ## **5. UNRESTRICTED FUNDS** General fund |**Brought**
**forward**
**£**
117,639
117,639|**Incoming**
**resources**
**£**
107,464
107,464|**Outgoing**
**resources**
**£**
(113,926)
(113,926)|**Transfers**
**£**
-
-|**Carried**
**forward**
**£**
111,177| |---|---|---|---|---| |||||111,177| page 11 ## **The Trinity Foundation Programme (UK)** |**Incoming Resources**
**for the year ended 31/03/2022**
**Incoming resources**
**Incoming resources from generated funds**
**Educating foreign students**
Grants
16,505
Bank interest
-
**Educating foreign students**
Educating foreign students
90,959|**2022**
**£**
1
_54,342_
_1_
16,505
_19,240_
90,959
107,464
107,465|_2021_
_£_
_-_
_54,343_
_19,240_
_73,583_
_73,583_| |---|---|---| page 12 ## **The Trinity Foundation Programme (UK)** ## **Expenses for the year ended 31/03/2022** |**Expenses**
**Costs of generating funds**
**Charitable Activities**
**Education**
Rates and water
Insurance
Heat and light
Cleaning
Repairs and renewals
Wages and salaries
Lecturers and support
Student recruitment costs
Motor expenses
Accountancy fees
Printing, postage and stationery
Books, CDs and DVDs
Telephone
Bank charges
Bank loan interest
Sundry expenses
Depreciation|**2022**
**£**
262
254
2,038
-
4,259
44,809
50,836
-
4,505
2,340
-
578
2,089
302
519
481
654
113,926
113,926|_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_| page 13