## **EDUCATION FOR THE CHILDREN FOUNDATION** **ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31[ST] DECEMBER 2023 Charity Registration Number 1099280** **www.eftcfoundation.org enquiries@eftcfoundation.org** 1 ## **Principal and Registered Address:** 52a Rectory Road, West Bridgford, Nottingham, Notts, NG2 6BU **Governance:** The Charity is constituted under a trust deed dated 2[nd] October 2017. Trustees who served during the year of 2023: Michelle Aitken (Chair) Matt Denman Nimesh Kamath Sophie McKee Dougal Powrie Nick Watling Chief Executive: David McKee The Board of Trustees meet regularly and twice a year, formally, to discuss policy, strategy and finances. In addition, trustees convene whenever the need arises to advise on matters of urgency. Decisions are made on a majority vote. ## **Risk Assessment** The risk register is continually updated and discussed at each meeting. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems have been implemented to mitigate exposure to the major risks. ## **Bank:** Bank of Scotland plc P.O. Box 1000 BX2 1LB ## **Independent Examiner:** Phil Glyn-Smith (FCA): Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG This report covers Education for the Children Foundation’s activities in the UK and Guatemala from 1[st] January 2023 to 31[st] December 2023. Education for the Children was formally established on 16 May 2003 and became a registered charity on 4 September 2003. (Registered Charity number 1099280) 2 ## **Table of Contents** ||**Page**| |---|---| ||| |Chair’s Commentary|4| |Educate, Nurture, Empower|6| |Highlights month by month|7| |School of Hope Staff|8| |Results|9| |Financial Commentary|10| |Independent Examiner’s Report|13| |Annual Accounts 2023|14| 3 ## **Chair’s Commentary** _2023 finally saw a return to normality, both for the UK fundraising office and the School itself. Activities picked up, supporters and visitors returned, and new and creative ideas borne out of lockdown helped improve many of the processes going forward._ _This year, we celebrated our monumental 20th Anniversary of EFTC. A range of events were hosted and celebrated with the wider EFTC community. These culminated in a local carnival event for students, families, staff and supporters in Jocotenango, Guatemala in July as well as a gala evening event for staff, alumni, local supporters, and foreign visitors. Both events were a real celebration of the team work, tenacity and positivity which is embodied by the School of Hope and the Foundation team and created lasting memories for all who attended._ _We also recognised the achievements of particular members of staff at the School of Hope this year, as one employee celebrated her 20th year of service, one employee celebrating 5 years and three with 5 year anniversaries. This commitment, dedication and experience helps shape what we offer our students and wider community. Our team in Guatemala is now 98.2% local staff. This is an achievement of which we are particularly proud._ _There have been a range of new programmes introduced this year to help students move into entrepreneurship and develop their own businesses when they leave school. Hairdressing and beauty training, design and crafting of fashion accessories gave students a means of earning money while they learn a trade. Our past student, who runs his own ice cream parlour goes from strength to strength._ _In November, graduations from primary and secondary (6th and 9th grade) took place again and we were hugely encouraged by the number of students that graduated._ _2023 was not without its challenges. We contended with the social and emotional fall out of the pandemic combined with growing pressures on a weary community who is forced to do more with less each year as prices rise but financial opportunity does not. We saw this through student behaviour in the classroom, the increase in bullying and the rise in the number of students needing complex support. Our Social Support team have worked hard to offer as much provision as they can and there has been dedicated fundraising to assist with a range of complex needs. Despite the challenges we have seen the pass rate improve for our students and this brings hope that the effects of the pandemic are slowly being addressed._ _The leadership needed to bring this about was in no small part down to our Project Director, Sara Miller, who returned from maternity leave, and her leadership team. Sara will be engaging in an exciting new role for EFTC in January 2024, as she takes up the position of Executive Director of the USA, which will allow us to really raise our fundraising profile in a region that has great untapped potential for us._ _We are particularly excited that the Project Director role will be filled by a previous Director and Founder of EFTC, Sophie McKee. This appointment gives us a smooth transition along with added experience that Sophie has gained during her time working in other roles outside of the Foundation. Welcome back, Sophie._ _In the UK, our fundraising focused on some key events which secured wider support and built relationships. There was another successful Lords Cricket Ground event and a fully subscribed Golf Day which helped raise awareness and funds. As supporters look for new and more innovative types of events, it was felt that the Annual Dinner had become less attractive and the decision was made to omit this from the calendar and focus on other fundraising initiatives. The supporters at events join the wider group of individual sponsors in the UK and Europe, corporate sponsors, trust funds and those who have continued to join us in a range of fundraising activities. For both our grant givers and our individual supporters economic decline has still hit hard and the team have worked hard to mitigate any losses. Our regular sponsorship programme is crucial in ensuring sustainable funding and keeping these supporters engaged has again been a key focus in 2023. As usual, we prudently fixed our exchange rates and this helped secure our funding at a time when world events may have affected the Sterling/US Dollar rate at any time._ 4 _We welcomed both a new Finance Manager and Grant Fundraiser, both complementing the team and bringing some great results._ _Again, we drew on our volunteers to assist with our events and other business activities. These include Phil Glyn-Smith for the Independent Examination, ensuring the accounts are filed on time. Our gratitude and thanks, once again, is extended to Castlegate Capital Ltd for providing us with heavily subsidised office space and continuing to cover office expenses. Without this support, EFTC would bear significant additional costs, enabling us to pass on more of our supporters' donations to the School of Hope._ _2023, and our 20th anniversary provided a motivating boost to the whole EFTC team who have continued to act flexibly and creatively when necessary._ _The effort that the staff put in to continue our work and to sustain the education of our students is to be congratulated. Resilience and determination of the whole organisation has led to the results in this report._ _We also looked forward to our goals for the future development of the Foundation and the School and 2024 will bring a focus on wider fundraising activities to start to put these into place._ _Michelle Aitken Chair of Trustees_ 5 Educate, Nurture. Empower Driven by a commitment to equal opportunities, Education for the Children has worked with thousands of disadvantaged young people and families from the Jocotenango area since 2003. Our Mission Our Vision That young people from all backgrounds have the ability to access quality education and opportunities for rewarding employment. We aim to empoweryoung people with the skills and confidence to be successful in their chosen careers. Values 4 Pillars Highly individualised approach Long-term commitment Holistic support Community-centred Education Nutrition Healthcare Social Support Highlights: Month by Month JANUARY On 16 January welcoffled 415 Stud•hts backto the SchoDI of Htyèfor t￿rfi[SlfU1lyÈar of uninlerrupted In-pèrstsn tèaching Sincè thepandern￿. FEBRUARY We organwl a Career Fair4nd cne.on.o￿ rrWihn9Sto￿PK￿l ur 9th gradet5a5thry prepared for hvjh sch￿1. We launched thefirst In a *rEs 0fentr¢w￿lsh1pW0r￿s -a couise tocertity students as Spansh teachei MARCH we weie finally abletoreinstate tutorfng and Workshops wlth students recwving SUPWrt in maih and literacy. and participating in actmiiesfromiewelw making tocomputeT ￿T￿raMmIng. APRIL EFfcentrePre￿ur MaicosAquino opened his lac0￿m)th EI 53zon fvtexicano. In the busiiing An1￿jUa MaTkei. oftering delKK)usI(Kal treat MAY On l6 May. Wece￿rateO ZQy•Jr5 sinre EFfc wJs rngist•red as a UKchanty. marking tv¢o dec3d25 of transformative education and p￿f￿r thèJ(LotÈnangoccJmrnunity. JUNE For thE settsnd >¢ar.wÈ ran thesthoolfor Pai•iits In CDllabJration with the Idunicipal Women'solfite. edutaling ￿Tent50n rK)SilD discipline, emoLional iegulation. and ￿ndIng Wlth theirchikjren. JULY For EFfe5 ZQthAnwww5wy ¢•l•brJtioD.we hosre(l a wbfant tnuhidayfie5ta attended by friendsand SUPPDrtersfrotn 311 over GuatèmaLa. thè u> and the U4L Highli9hts Includèd a tarnwal and 9ala AUGUST We launchecl a series of ieacher Iraining%focu51ng c proiect-ba5ed evalu3tlOns and Individu31￿ learning goaL* as ofwT EFfc r￿eth￿Wh1ch we cwtinLEd to dovglopthroughout theyear. SEPTEMBER Ah increditjedonabon of2D4 pairsof glas￿ from Df. Nadeem i and htstÈam was distributed t0102 Studènt In C￿&￿￿TatI(pTh*1th the Latr￿1r MiniStry.we hosted 3Jobffalrfor theentirejocrtenw vJmrnuThty. attended byovef TIO Fwple OCTOBER We held graduatlons for Our 6th an(J 9th giader& as well as Ou filst ever klndergarten graduation ceCe¢yK￿y. Start of our fit5[ wmm•r%hod 51nce Lhe panOemiGMriih 151 #udents participzting In variou5educational acLMtb NOVEMBER Iher ￿tr￿Prrnr. Israel opened hisown barber DECEMBER We ofganised our fourth annual food driw. disrributing f(vJ h3mpeT5 and grftsto ensure a11352 famili￿ h3d a Joyful Chrigtm& ThiSwa% madè bydonalionsfTorn Stsff. and Our widèr network Men 28.6% 75 Female leadership Women n.4% Foreign Consultants 22 Guatemalan leadership Local Team Members 98.2% In 2023, we were able to reinstate 4 former full-time positions that we had not replaced during COVID. 56 positions in Guatemala: 53 full-time 12 permanent positions turned over during the year, making our staff retention rate T7.4% One staff member celebrated their 20-year anniversary, one their 10-year anniversary. and three celebrated S years of service. Pass Rate 2019 2020 2021 2022 2023 A* 11 Retention Rate 2019 2020 2021 2022 2023 96.4% 98.9 935 97.9 96.4 The initial student population for 2023 was 418 students, and 402 completed the year. Only 19 students are repeating. 8 in Primary School and 11 in Junior High. The highest concentration of students having to repeat was in 6th and 8th grad￿bOth of these groups are high risk with a lot of complex behavioural. educational. and social issues. At the end of October, graduation ceremonies were held at the Los Llanos salon for 38 6th graders, and at the Jocotenango salon for 36 9th graders. We held our first ever simple kindergarten graduation ceremony on the school's sports pitch. For full details and impact of all of our programmes in 2023 please visit www.eftcfoundation.org or contact us at enquiries@eftcfoundation.org. ## **Financial Commentary** The accounting period runs from 1 January to 31 December 2023 to align with the Guatemalan school year. The total income raised was £836,660 of which of which £253,078 was restricted and £583,582 was unrestricted. The main source of unrestricted income for Education for the Children is through the student sponsorship programme and personal donations, as well as some key corporate sponsors who together, in the accounting year to 31 December 2023, raised 83.2% of the total unrestricted income. We have had particularly strong support from an individual supporter who in addition to the continued sponsorship made a generous donation of £150,000 to unrestricted funds. The funds raised have increased from the previous year and we are hopeful that this will steadily improve again after a difficult year in 2022. A further 5.5% of the total unrestricted income came from our charitable trusts and grant givers. As previously mentioned, event income was lower than 2022 at 11.3% of the total unrestricted income due to the removal of the Annual Dinner. The shortfall, against 2022, was made up by success in our grant applications to new and existing charitable foundations. This income is supported by restricted funds which can be from individuals, corporations or charitable trust grants. Restricted funds were 30% of our total income in this year, which were specific donations from individuals and corporations. This figure includes a major charitable foundation restructuring their support, meaning we did not receive £100,000 in 2023. However, 2024 has started with the boost of £150,000 from this foundation which was paid out at a time when resources are always necessary as the school years starts. We also received significant support from the Paquita Filby Trust who, in addition to their regular support, gave us a further donation to cover the costs of renewing the School roof. The Foundation for Education to improve Family Planning (FEFP) generously donated £60,000 to support roof repairs and running costs. 10 As with many of the charitable trusts, grant givers, corporate or Foundation supporters, the ability to provide as generous support as in previous years has been difficult and we have seen a drop in the total amounts here too. Our fundraising costs decreased in 2023 as our main fundraiser started maternity leave and we did not hold the Annual dinner. In 2023, the UK office was staffed by an equivalent of 3 full time positions by 5 staff members, all working part time. Education for the Children took action again in 2023 to avoid currency fluctuations having an impact on finances in Guatemala by forward buying of the US dollar and setting the annual budget figures based on this rate. The amount spent to support the education and welfare provision at the School of Hope was £514,357 of the total charity expenditure. The School also worked hard to reduce the income needed whilst still offering our provision to the students. Education for the Children holds no investments in the charity name and makes no income from any endowment funds. In the balance sheet at the current liabilities line, it can be seen that these are not actually liabilities but rather deferred income derived from sponsorship paid in advance, £14,200 in 2023, and is fully spendable by us. At the end of December 2023, reserves were £280,970, which meets the reserves policy of the Foundation and is considered healthy. 11 ## **Reserves Policy** The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The Trustees consider that this level will provide sufficient funds to maintain our services and ensure that support and governance costs are covered. Clearly, this year has, again, been difficult due to a variety of economic pressures in the UK and the reserves fell to below this level at certain times. A subcommittee of Trustees continues to monitor financial planning, including currency and cash flow management. ## **Arrangements for Setting Pay and Remuneration** Pay and Remuneration is set by the Trustees in the UK and by the Foundation Director in Guatemala after guidelines issued by the Trustees. 12 ## **INDEPENDENT EXAMINER’S REPORT** Report to the trustees of Education for the Children Foundation (Charity Reg No 1099280) on accounts for the year ended 31[st] December 2023. ## **Set out on pages: 14 -24** ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 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(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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 accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I 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. Name: Philip Anthony Glyn-Smith August 28th 2024 Relevant professional qualification(s) or body: FCA Address: Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG 13 ||**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**|**STATEMENT OF FINANCIAL ACTIVITIES**| |---|---|---|---|---|---|---|---| ||||||||| |**FOR THE YEAR 1 JANUARY 2023 to 31 DECEMBER 2023**|||||||| ||||||CharityNo.||**1099280**| ||||||||| ||||**Unrestricted**
**Funds**
**1/1/2023 to**
**31/12/2023**|**Restricted**
**Funds**
**1/1/2023 to**
**31/12/2023**|**Total**
**Funds**
**1/1/2023**
**to**
**31/12/2023**||**Year to**
**31/12/22**| |||**Notes**|**£**|**£**|**£**||**£**| ||||||||| |**Income from:**|||||||| ||||||||| |Child Sponsorships and Donations||2|485,713|161,766|647,479||344,935| ||||||||| |Grants Received||2|32,000|91,312|123,312||182,354| ||||||||| |Fund RaisingEvents||2|65,869|-|65,869||84,175| ||||||||| |Bank Interest|||||||| ||||||||| |**_Total Income_**|||583,582|253,078|836,660||611,464| ||||||||| ||||||||| |**Expended on:**|||||||| ||||||||| |Raising Funds||2,3|167,439||167,439||175,538| ||||||||| |Education and Welfare Provision in
Guatemala||4|250,838|263,519|514,357||440,901| ||||||||| |**_Total Expenditure_**|||418,277|263,519|681,796||616,439| ||||||||| ||||||||| |**_Net Movement in Funds_**|||165,305|(10,441)|154,864||(4,975)| ||||||||| |**Reconciliation of Funds:**|||||||| ||||||||| |Total Funds Brought Forward|||115,452|10,654|126,106||131,081| |**_Total Funds Carried Forward_**|||**280,757**|**213**|**280,970**||**126,106**| 14 ## **Balance Sheet** |**As At 31 December 2023**|**As At 31 December 2023**|**As At 31 December 2023**|**As At 31 December 2023**|**As At 31 December 2023**| |---|---|---|---|---| |||||| |Notes
**Current assets**
**Debtors**
**5**
**Cash at bank and in hand**
**7**
**_Total current assets_**
Current Liabilities Due within one year
**Current Liabilities Due within one year**
**6**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
Current Liabilities Due after one year
**Deferred income - Annual Sponsorship received in**
**advance to be paid to the school in future years**
**6**
**_Total net assets or liabilities_**
**Funds of the Charity**
**8**
**Restricted income funds**
**Unrestricted funds**
**_Total funds_**||**As at**
**31/12/2023**
**£**||**As at**
**31/12/2022**
**£**| |||||| |||||| |||||| |||25,000||95,427| |||||| |||275,122||74,788| |||300,122||170,215| |||||| |||||| |||4,952||19,109| |||||| |||295,170||151,106| |||||| |||295,170||151,106| |||||| |||||| |||14,200||25,000| |||||| |||280,970||126,106| |||||| |||||| |||||| |||||| |||213||10,654| |||||| |||280,757||115,452| |||280,970||126,106| Signed by one or two Trustees on behalf of all the Trustees dation’ Print Name Date **Michelle Aitken 7/8/2024** ~~(_][_~~ 15 ## **STATEMENT OF CASH FLOWS** ## **For Year 1 January 2023 to 31 December 2023** |**Net Cash used in Operating Activites**
_Cash Flows from Investing Activities_
Interest and Dividends
**Net Cash Provided By Investing Activities**
**Change in Cash and Cash Equivalents in the Year**
Cash and Cash equivalents brought forward
Cash and Cash equivalents carried forward|**Total**
**Funds**
**2023**
£
200,334
-
200,334
74,788
275,122|**Prior Year**
**2022**
£| |---|---|---| |||(59,532)| |||| |||| |||| ||-|-| |||| |||| ||200,334|(59,532)| |||| ||74,788|134,320| |||| ||275,122|74,788| ## **Reconciliation of Net Movement in Funds to net cash flow from operating activities** |Net Movement in Funds
Deduct Interest shown in Investing Activities
Decrease (increase) in Debtors
Increase (decrease) in Creditors
Net Cash Used in Operating Activities||31/12/202
3
£
154,864
70,427
(24,957)
200,334||31/12/2022
£| |---|---|---|---|---| |||154,864||(4,975)| |||||| |||70,427||(37,588)| |||(24,957)||(16,969)| |||200,334||(59,532)| 16 ## **Note 1** ## **ACCOUNTING POLICIES** ## **(a ) Basis of preparation and assessment of going concern** The accounts (financial statements) 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 are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 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 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) Funds Structure** Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There is one permanent restricted fund held for monetary gifts from a child's sponsor for the purchase of clothing, additional books and studying material, health care and in some cases improvements to their living conditions at home. When large grants are received for a specific purpose a separate restricted fund is raised. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. ## **(c) Income Recognition** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants and Donations that are subject to terms and conditions are treated as Deferred Income until it is probable that the terms and conditions can be met.If the conditions are not wholly within the control of the charity it will be disclosed as a contingent asset. Donated Services provided by Castlegate Capital Ltd to the Charity are not reasonably quantifiable, measurable or material, but the scope of the support is mentioned in the Trustees' Annual Report. Volunteer Help received is not included in the accounts, but is described in the Trustees' Annual Report. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid received 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 terms of the appeal have specified otherwise. ## **(d) Expenditure Recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 17 Support costs. Office staff costs are the major component of Support Costs. As such Support Costs have been apportioned on a time spent basis. Where direct costs have arisen when staging events, these have been charged against the particular event. Governance Costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs have been allocated to Governance costs where applicable. Deferred Income arises from child sponsorships paid annually and apportioned on a monthly annual basis from the date of receipt. The deferred income is carried forward as a liability within Creditors on the balance sheet. See note 6.1. ## **(e) Assets** Tangible Fixed Assets are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost. ## **(f) Foreign Currencies** Transactions in currencies other than pounds are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/expenditure for the period. The company uses foreign currency forward contracts in order to mitigate the impact of exchange rate fluctuations. These contracts are recognised at fair value with gains and losses being included in net income or expenditure for the period. 18 ## **Notes to the Accounts Note 2 Analysis of Income and Costs** ## **FOR THE YEAR 1 JANUARY to 31 DECEMBER 2023** ||||**Unrestricted**
**funds**
**income year**
**to**
**31/12/2023**
**Restricted**
**income**
**funds year**
**to 31/12/23**
**Total**
**funds for**
**year to**
**31/12/23**
**£**
**£**
**£**|**Unrestricted**
**funds**
**income year**
**to**
**31/12/2023**
**Restricted**
**income**
**funds year**
**to 31/12/23**
**Total**
**funds for**
**year to**
**31/12/23**
**£**
**£**
**£**|**Unrestricted**
**funds**
**income year**
**to**
**31/12/2023**
**Restricted**
**income**
**funds year**
**to 31/12/23**
**Total**
**funds for**
**year to**
**31/12/23**
**£**
**£**
**£**|**Unrestricted**
**funds**
**income year**
**to**
**31/12/2023**
**Restricted**
**income**
**funds year**
**to 31/12/23**
**Total**
**funds for**
**year to**
**31/12/23**
**£**
**£**
**£**|**Unrestricted**
**funds**
**income year**
**to**
**31/12/2023**
**Restricted**
**income**
**funds year**
**to 31/12/23**
**Total**
**funds for**
**year to**
**31/12/23**
**£**
**£**
**£**|**Prior**
**year**
**31/01/22**
**-31/12/22**
**£**| |---|---|---|---|---|---|---|---|---| |**Donations**
**Fund**
**Raising**
**Events**
**Investmen**
**t Income**
**EXPENDED**
**ON:-**||Child Sponsorships||175,693|-|175,693||165,596| |||Donations Received Directly||260,210|161,766|421,976||140,332| |||Gift Aid||49,810|-|49,810||39,007| |||||-|-|-||-| |||_Sub Total_||485,713|161,766|647,479||344,935| |||Grants from other Charitable Foundations||32,000|91,312|123,312||182,354| |||Other||-||-||-| ||**Total Income from Child Sponsorships and**
**Donations**
**Office Support Costs**
**Net Income from Child Sponsorships and**
**Donations**|||517,713|253,078|770,791||527,289| |||||||**-**||-| |||||517,713|253,078|770,791||527,289| |||||||||| |||Annual Dinner||-|-|-||10,660| |||Golf Day||12,443|-|12,443||9,220| |||Lord's Lunch||42,132|-|42,132||46,393| |||World EFTC day||-|-|-||1,028| |||Other (Community income, Christmas Campaign)||11,294|-|11,294||16,874| ||**Total Income From Fund Raising Events**
**Direct Costs of Staging Events**
**Office Support Costs**
**Net Income From Fund Raising Events**|||65,869|-|65,869||84,175| |||||(34,485)|-|(34,485)||(41,245)| |||||(5,414)|-|(5,414)||(2,723)| |||||25,970|-|25,970||40,207| |||||||||| |||Interest||-|-|-||-| ||**Total**
**TOTAL INCOME LESS EVENT COSTS**
**Direct Costs of Staging Events**
**Total Governance Costs**
**_Sub-Total of Costs_**|||-|-|-||-| |||||543,683|253,078|796,761||567,496| |||||||||| |||||-|-|-||-| |||||(127,541)|-|(127,541)||(131,570)| |||||(127,541)|-|(127,541)||(131,570)| |||**Education and Welfare provision in Guatemala**||(250,838)|(263,519)|(514,357)||(440,901)| |**N.B.**|**_Net Movement in Funds (as per SoFA)_**
165,304
(10,441)
154,863
(4,975)
**As most of the Office Support Costs are staff salaries, all support costs have been apportioned**
**on an hours worked basis**|||165,304|(10,441)|154,863||(4,975)| |||**As most of the Office Support Costs are staff salaries, all support costs have been apportioned**
**on an hours worked basis**||||||| 19 ## **NOTES TO THE ACCOUNTS** ## **Note 3** ## **STAFF COSTS and BENEFITS** ## **3.1 Staff Costs** |**Staff Costs**||| |---|---|---| |**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**
**Other employee benefits**
**Total staff costs**|**1/1/2023 to**
**31/12/2023**
**£**|**1/1/2022 to**
**31/12/2022**
**£**| ||63,083|58,847| ||3,559|3,843| ||12,861|16,571| |||| ||79,503|79,261| - **3.2 There was no expenditure on staff working for the charity whose contracts are with and are paid by a related party** ## **3.3 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **3.4 Average head count in the year** |**2023**
**Number**|**2022**
**Number**| |---|---| |3.0|3.0| ## **3.5 The costs of the Defined Contribution Pension Scheme are included in Note 2’s** **Support Costs and have been apportioned between activities on an hours worked basis. No pension costs have been allocated to restricted funds.** 20 ## **Notes to the Accounts** ## **Note 4** ## **Grantmaking** ## **4 Analysis of grants paid (included in cost of charitable activities)** ||**Grants to institutions**|**1/1/2022 to**| |---|---|---| |**Analysis**|**1/1/2023 to 31/12/2023**|**31/12/2022**| ||**£**|**£**| |Funding for School and Family||| |Welfare|514,357|440,901| |**_Total_**|514,357|440,901| ## **N.B** _**The charity does not identify and/or allocate support costs.**_ 21 **Notes to the accounts Notes 5, 6 and 7 Debtors and Creditors** ## **5 Analysis of debtors** |
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This**
**period**
**£**|**Last year**
**£**| |---|---|---| ||-|88,099| |||| ||25,000|7,328| ||25,000|95,427| ## **6 Analysis of creditors** |**6 Analysis of creditors**||||| |---|---|---|---|---| |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for**
**contracts or performance-related**
**grants**
**Deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**||**Amounts falling due**
**after**|| ||**within oneyear**||**more than one year**|| ||**This**
**period**
**£**|**Last year**
**£**|**This**
**period**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||3,870|18,798|14,200|25,000| ||-|-|-|-| ||1,082|311|-|-| ||4,952|19,109|14,200|25,000| ## **6.1 Deferred income** _**Some child sponsors pay annually and this is apportioned on a monthly annual basis from the date of receipt.**_ _**In addition one large donation was made to support a class over a three year period.**_ ## _**Movement in deferred income account**_ 22 |**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**
**7 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and in hand**
**Other**
**Total**||**This**
**period**
**£**|**Last year**
**£**| |---|---|---|---| |||43,798|40,868| |||-|13,730| |||(25,728)|(10,800)| |||18,070|43,798| ||||| |||**This**
**period**
**£**|**Last year**
**£**| |||-|-| |||-|-| |||150,703|74,788| |||124,419|-| |||275,122|74,788| 23 Not8 8 Charity Fund8 8.1 D8tall8 of matarial fund8 hold and movom8nt8 durl tha CURRENT ro ortln èriod 11112023 to 3111212023 Fund b*anc8S brought fon¥ard Trpo of Fund Purpos• and R•strl¢tlon8 JVJ balances c¥rled forward Galns and losses Ineomo Expèndlture Ttansfèrs Fund namos Unrestnded Fund DC￿￿tiC￿5 frcm Tru51s Unreslrict&J Restricted Man Fund f￿ pThidin Welfare 115452 9.919 583 582 91.312 418 277 101.231 280 757 Mcfietary gllts fcr the purchase cl clcthing, bcoks, p8y fu he8tth care. improve living conditiaTrs at hcffle. G1ft5 tcfn CnS¢X5 R¢5trfthd 735 161,766 162,288 213 Restrfcted Total Funds 126.106 836,660 681.796 280,970 .2 Detalls gf matorlal funds hold and mov?ment¥ durl the PREVIOUS re ortln grlod 11112022 to 3111212022 Fund balances brought forward Fthd balances carrfod forvrdrd Trp• of Fund Purpos• and R•strletlons Galns and lossos Incomo Expondltur• Transfers Fund namos Unrestrided Fund Dcfiaticfis frcffi Trusts Unrestri¢t&Y Restrided Man Fund prowdlng Wdfare 127875 446 882 149954 459 305 142026 115452 Gllts frcm s C*)S¢YS Rest￿￿ed Restncted Mcnelary gifts f¢x the purchase cl cl¢Xhing. 14628 735 Total FLnds 131.081 611,464 616,439 126,106 24