Charity number: 1097584
The Trinity Foundation Programme (UK) UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/03/2023
Prepared By: Christian Phipps & Co Suite 5A 30 Dean Street Bangor Gwynedd LL57 1YA
The Trinity Foundation Programme (UK)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2023
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
Christian Phipps & Co Suite 5A 30 Dean Street Bangor Gwynedd LL57 1UR
The Trinity Foundation Programme (UK)
ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
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 | 14 |
The Trinity Foundation Programme (UK)
FOR THE YEAR ENDED 31/03/2023
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2023. 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 .
ACHIEVEMENTS AND PERFORMANCE
The charity has been able to further the education of overseas students during the year.
FINANCIAL REVIEW
The year to March 2023 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 01/11/2024
Ms K Sunada Truste
The Trinity Foundation Programme (UK)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2023
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 31/03/2023.
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:
Christian Phipps & Co Limited
Suite 5A 30 Dean Street Bangor Gwynedd LL57 1UR
The Trinity Foundation Programme (UK)
Statement of Financial Activities for the year ended 31/03/2023
| 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 £ - 106,542 106,542 97,040 97,040 9,502 9,502 111,178 120,680 |
Restricted funds £ - - - - - - - - - |
2023 Total £ - 106,542 106,542 97,040 97,040 9,502 9,502 111,178 120,680 |
2022 Total £ 1 107,464 |
|---|---|---|---|---|
| 107,465 | ||||
| 113,926 | ||||
| 113,926 | ||||
| (6,461) | ||||
| (6,461) 117,639 111,178 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The Trinity Foundation Programme (UK)
| BALANCE SHEET AT 31/03/2023 Notes FIXED ASSETS Tangible assets 2 CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 3 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 General fund 5 |
47,434 47,434 34,457 |
2023 £ 107,702 12,977 120,679 - 120,679 120,679 120,679 |
21,804 21,804 19,314 |
2022 £ 111,625 2,490 |
|---|---|---|---|---|
| 114,115 2,938 |
||||
| 111,177 | ||||
| 111,177 111,177 |
Approved by the Trustees on 01/11/2024 and signed on their behalf by
.............................
Ms K Sunada Trustee
The Trinity Foundation Programme (UK)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2023
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.
| Land And Buildings | years Straight line over 50 |
|---|---|
| Property Improvements | years Straight line over 50 |
| Fixtures and Equipment | basis 25% reducing balance |
| Computers | basis 33.33% reducing balance |
| Motor Vehicles | basis 25% reducing balance |
The Trinity Foundation Programme (UK)
2. TANGIBLE FIXED ASSETS
| Cost At 01/04/2022 At 31/03/2023 Depreciation At 01/04/2022 For the year At 31/03/2023 Net Book Amounts At 31/03/2023 At 31/03/2022 |
Land/ Buildings £ 160,964 160,964 61,162 3,219 64,381 96,583 99,802 |
Property Imp's £ 15,540 15,540 5,843 311 6,154 9,386 9,697 |
Fixtures/ Fittings £ 11,492 11,492 10,479 253 10,732 760 1,013 |
Computers £ 5,382 5,382 4,457 93 4,550 832 925 |
Motor Vehicles £ 39,500 39,500 39,312 47 39,359 141 188 |
Total £ 232,878 |
|---|---|---|---|---|---|---|
| 232,878 | ||||||
| 121,253 3,923 |
||||||
| 125,176 | ||||||
| 107,702 111,625 |
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors |
2023 £ 1,286 33,171 34,457 |
2022 £ 852 18,462 19,314 |
|---|---|---|
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans and overdrafts
| 2023 £ - - |
2022 £ 2,938 2,938 |
|---|---|
The Trinity Foundation Programme (UK)
5. UNRESTRICTED FUNDS
General fund
| Brought forward £ 111,177 111,177 |
Incoming resources £ 106,542 106,542 |
Outgoing resources £ Transfers £ (97,040) - (97,040) - |
Carried forward £ 120,679 120,679 |
|---|---|---|---|