2022-12-31-accounts

INTERLIT FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

A Registered Charity Number 1099186

NORMAN COX & ASHBY Chartered Accountants Grosvenor Lodge 72 Grosvenor Road Tunbridge Wells Kent TN1 2AZ

INTERLIT FOUNDATION

CONTENTS

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FINANCIAL STATEMENTS

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INTERLIT FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and the financial statements of the charity for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of freland (FRS 102).

OBJECTIVE AND ACTIVITES FOR THE PUBLIC BENEFIT

The purposes of the charity are the advancement of education and the relief of poverty through trusts, non-Governmental organisations (NGOs), charities and other organisations working in Pakistan, Afghanistan and surrounding countries. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the trust’s aims and objectives, in planning future activities and setting the grant making policy for the year.

The charity furthers its charitable purposes for the public benefit through making grants to the InterLit Foundation Pakistan which aims to provide:

• e Language and culture learning materials to inform and support national and international institutions (universities, schools, NGOs).

• e Publication services to assist individual authors, as well as national and international institutions, in the preparation of their materials for publication in print, audio and digital form. This includes publishing assistance in the field of adult literacy.

• e Books and audio materials, made available through local and international bookshops and language learning programmes.

• e Educational consultancy that provides positive information about Pakistan and the surrounding region and its many wonderful people, languages and cultures.

GRANT MAKING POLICY

Grants are considered when applications are received from InterLit Foundation Pakistan. No other grants are considered. The charity has established its grant making policy to achieve its objects for the public benefit.

ACHIEVEMENTS AND PERFORMANCE

The charity furthers its charitable purposes by making grants primarily to the InterLit Foundation Pakistan, which in 2022 was successful in providing multiple charitable services:

The provision of language and culture learning materials by the InterLit Foundation Pakistan included:

• e One Hundred Afghan Persian Proverbs has been edited, updated and redesigned, taking inspiration from the Italian version of the same title which was published in 2021. This book is available on the InterLit website and in bookshops in Pakistan.

• e Children’s Picture Dictionary. The Pashio translation has been finalised. The publication of this dictionary is scheduled for the end of 2023, once all the many photographs are in place.

• e Afghan Pashto Dictionary. After many years, the Afghan Pashto Dictionary is in the final stages of checking. The goal is to see this book printed in 2023.

• e Literary Materials. As part of the collection of children’s storybooks in English and Pashto that aid children’s literacy, the charity is working on “Swans”, a collection of nineteen short stories. Further editing was required to bring these stories in line with the charity’s ethos, which delayed printing. The text has been finalized in English and Pashto and printing is planned for 2023.

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INTERLIT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

• e Sound the Bells. This collection of Pashto proverbs and tappas was one of the fastest selling items in 2022. As it was printed using old technology (films) which is now obsolete, work began to retype, proof-read and reformat this book for printing in 2023.

• e Books and Audio Materials remain available through bookshops and on the InterLit Foundation website. Reprints are made as stock is depleted. The demand for titles with a focus on Afghanistan continued. Many people with a desire to help Afghans who have been resettled in countries across the globe, want to learn Afghan languages and culture. This has led to an increased demand for the trust's titles. Several books were reprinted in 2022, including “Progressing in Pashto” and “Pocket Medical Pashto”.

The charity remains committed to honouring the heritage, languages and literatures of the region. Its educational materials were made available through its website, local and international book shops and educational institutions and organisations. The website continued to serve those looking for resources about the culture and languages of the Pashtuns of Pakistan and Afghanistan. It continues to be visited by scholars, educators and interested individuals. The trustees are grateful for the services of an IT consultant who continues to help move the charity forward as the website is developed and other distribution possibilities are explored.

The InterLit Foundation remains ready to promote a positive understanding of the literature, languages and rich culture of the region.

FINANCIAL REVIEW

The Unrestricted Income General Fund of the charity received no income during the year (2021: Enil). The expenditure consisted of support costs of £25,471 (2021: 18,328) resulting in a deficit of £25,471 (2021: £18,328). A balance of £8,485 was brought forward on 1 January 2022 (2021: £26,813) and a deficit balance of £(16,986) was carried forward at 31 December 2022 (2021: credit balance of £8,485).

The Restricted Income Fund, the Book Publication Fund, received donations of £41,754 (2021: £39,535) and £5,721 from charitable activities (2021: £nil). The expenditure comprised grants paid of £24,000 (2021: £22,769) and support costs of £45 (2021: £45) resulting in a surplus of £23,430 (2021: £16,721). The balance brought forward at 1 January 2022 was £49,739 (2021: £33,018) and £73,169 was carried forward at 31 December 2022 (2021: £49,739).

RISK MANAGEMENT

The trustees have reviewed the risks to which they consider the trust to be susceptible, especially considering changes within the Pakistan-Afghanistan region that occurred in 2021. The trustees are satisfied that systems are in place to mitigate the charity’s exposure to major risks.

RESERVES POLICY

There were no unrestricted reserves of the charity at 31 December 2022 (2021: £8,485). The trustees have reviewed this position and note the importance in being able to meet the charitable objectives of the Foundation and fund grants when required.

PLANS FOR THE FUTURE

The trustees intend to continue to seek funds to make grants to InterLit Foundation Pakistan, who plan to develop the printing of literacy material and the production of culture and language learning materials for use within the region and globally. These materials will be for distribution through bookshops, and academic and other partners, and through the InterLit website.

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INTERLIT FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust is a registered charity, number 1099186 and is constituted under a trust deed dated 21 October 2002.

The trust is directed by the board of trustees, all of whose members are volunteers. The trustees meet during the year and review the charity's activities, support and encourage the work and plan for the future. Decisions are taken by a simple majority.

Potential new trustees are generally people known to one or more of the existing trustees who have an area of expertise to offer the charity and who have sympathy with its aims and objectives. Trustees are appointed by resolution of the trustees passed at a special meeting. Once appointed, new trustees learn more about the work of the charity.

No remuneration is paid to any of the trustees. Expenses incurred on behalf of the trust are reimbursed.

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees

Trustees Mrs S Smith Mr G Smith Mrs D Blackman Mr P J Barnard (Resigned 31 December 2022) Miss R A Jolley (Appointed 10 November 2022) Miss S K Link (Appointed 10 November 2022) Principal Office P O Box 17 Tunbridge Wells, Kent TN2 3XT Independent Examiner N M Gower-Smith FCA Norman Cox & Ashby Chartered Accountants Grosvenor Lodge 72 Grosvenor Road Tunbridge Wells Kent TN1 2AZ

Bankers

Lloyds Bank plc 82 Mount Pleasant Road Tunbridge Wells Kent TN1 1RP

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INTERLIT FOUNDATION

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

RESPONSIBILITIES OF THE TRUSTEES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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 of the charity for that period. In preparing the financial statements, the trustees are required to:

• (a) select suitable accounting policies and then apply them consistently;

• (b) observe the methods and principles in the applicable Charities SORP;

• (c) make judgements and estimates that are reasonable and prudent;

• (d) state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;

• (e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 19 April 2023 and signed on their behalf by

D Blackman Trustee

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INTERLIT FOUNDATION REPORT OF THE INDEPENDENT EXAMINER ON THE TRUSTEES OF INTERLIT FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2022

| report to the trustees on my examination of the accounts of Interlit Foundation for the year ended 31 December 2022 set out on pages 6 to 11.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

| report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER’S STATEMENT

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in any material respect:

• e the accounting records were not kept in accordance with section 130 of the Charities Act; or e the accounts did not accord with the accounting records; or

• e the accounts did not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair’ view which is not a matter considered as part of an independent examination.

| have no 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 a proper understanding of the accounts to be reached.

N M Gower-Smith FCA NORMAN COX & ASHBY Chartered Accountants Grosvenor Lodge 72 Grosvenor Road Tunbridge Wells Kent TN1 2AZ

20 April 2023

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INTERLIT FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

		Unrestricted	Restricted	Total	Total
		Fund	Fund	2022	2021
	Notes	£	£	£	£
INCOME	2
Donations and Legacies		-	41,754	41,754	39,535
Charitable Activities		-	5,721	5721	-
TOTAL INCOME		-	47,475	47,475	39,535
EXPENDITURE	3
Charitable Activities
Grants Paid		-	24,000	24,000	22,769
Support Costs		25,471	45	25,516	18,373
TOTAL EXPENDITURE		25,471	24,045	49,516	41,142
NET (EXPENDITURE) / INCOME		(25,471)	23,430	(2,041)	(1,607)
TRANSFERS		=	ws	-	-
NETMOVEMENT IN FUNDS		(25,471)	23,430	(2,041)	(1,607)
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
AT 1 JANUARY 2022		8,485	49,739	58,224	59,831
TOTAL FUNDS CARRIED FORWARD
AT31DECEMBER2022		£(16,986)	£73,169	£56,183	£58,224

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INTERLIT FOUNDATION

BALANCE SHEET

BALANCE SHEET
AT 31 DECEMBER 2022
			2022		2021
	Notes	£	£	£	£
CURRENTASSETS
Cash at Bank and in Hand		57,437		59,400
TOTAL CURRENTASSETS		57,437		59,400
LIABILITIES
Creditors falling due within one year
		1,254		1,176
NET CURRENTASSETS			56,183		58,224
NETASSETS			£56,183		£58,224
THE FUNDS OF THE CHARITY
Unrstricted Income Fund
General Fund	7		(16,986)		8,485
Restricted Income Fund	8		73,169		49,739
TOTALCHARITYFUNDS			£56,183		£58,224

Approved by the Trustees on 19 April 2023 and signed on their behalf by

D Blackman Trustee

rs

INTERLIT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

• 1 ACCOUNTING POLICIES

• (a) Basis of Preparation and Assessment of Going Concern The financial statements have been prepared under the historically cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The financial statements have been prepared in accordance with 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) (effective 1 January 2015) — Charities SORP (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.The trustees consider that there are no material uncertainties about the trust's ability to continue as a going concern.

• (b) Reconciliation with previous Generally Accepted Accounting Practice In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

• (c) Fund Structure The unrestricted income fund comprises those funds which the trustees are free to use for any purpose in furtherance of the objectives of the charity.

Restricted income funds are funds raised for specific purposes or that have restrictions imposed by donors and can only be applied for the particular purposes specified by the donors.

• (d) Incoming Recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Donations are recognised when received by or on behalf of the charity. Other income is recognised when it has been communicated in writing with notification of both the amount and settlement date. Income from translation services and sale of books is accounted for when received.

• (e) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, itis probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. Grants are made to the InterlLit Foundation Pakistan to enable it to meet its charitable objectives. Grants are made at the discretion of the trustees.

• (f) | Allocation of Support and Governance Costs Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and trustees expenses.

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INTERLIT FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

• 1 ACCOUNTING POLICIES (CONTINUED)

• (g) Allocation of Support and Governance Costs (Continued) Governance costs and support costs relating to charitable activities have been apportioned based on the number of grant awards made in recognition that the administrative costs of awarding grants are broadly equivalent. The allocation of support and governance costs are analysed in note 3.

• (h) Charitabie Activities The expenditure on charitable activities includes those costs incurred directly on the objects of the charity, governance costs and support costs.

		Unrestricted	Unrestricted	Restricted	Total	Total
			Fund	Fund	2022	2021
			E	a	£	E
2	INCOME
	Donations and Legacies
	Donations		-	41,754	41,754	39,535
	Charitable Activities
	Translation Services and Sale of Books		-	5,721	5,721	-
	TOTAL INCOME		£-	£47,475	£47,475	£39,535
3	EXPENDITURE
	Charitable Activities
	Grants Paid InterLit Foundation Pakistan (4 grants)		= -	24,000	24,000	22,769
			-	24,000	24,000	22,769
	Support Costs
	BankCharges		-	45	45	45
	Postage		253	-	253	283
	IT and Office Supplies		211	-	211	225
	Travel IT Consultancy	851 22,884		- -	851 22,884	- 16,644
	Governance Costs
	Independent Examiner’s Fee		636	-	636	588
	Accountant’s Fee		636	-	636	588
		25,471		45	25,516	18,373
	TOTALEXPENDITURE	£25,471		£24,045	£49,516	£41,142

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INTERLIT FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

4 EMPLOYEES

There were no employees during the year.

5	RECONCILIATION OF FUNDS
		Unrestricted	Restricted	Total	Total
		Fund	Fund	2022	2021
		£	£	£	£
	Cash at Bank and in Hand	(15,732)	73,169	57,437	59,400
	Creditors and Accruals	(1,254)	-	(1,254)	(1,176)
		£(16,986)	£73,169	£56,183	£58,224
6	LIABILITIES
	CREDITORS: Amounts falling due within one year
	Accruals			1,254	1,176
				£1,254	£1,176
7	ANALYSIS OF UNRESTRICTED INCOME FUND
	General Fund
	At 1 January 2022			8,485	26,813
	Income			%	z
	Expenditure			(25,471)	(18,328)
	At 31 December 2022			£(16,986)	£8,485
8	ANALYSIS OF RESTRICTED INCOME FUND
	Book Publications Fund
	At 1 January 2022			49,739	33,018
	Income			47,475	39,535
	Expenditure			(24,045)	(22,814)
	At31December2022			£73,169	£49,739

The Book Publications Fund is used for the costs associated with the publication of literature distributed in Pakistan.

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INTERLIT FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

9 RELATED PARTY TRANSACTIONS

Two of the trustees, Mr G Smith and Mrs S Smith, are trustees of Interlit Foundation Pakistan. The Restricted Fund includes grants to that trust totalling £ 24,000 (2021: £22,769) for book publications.

10 TRANSACTIONS WITH TRUSTEES

Neither the trustees nor any persons connected with them have received any remuneration during the year.

None of the trustees received any payment from the trust during the year or the previous year.

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