OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Company No: 04708800 Registered Charity No. 1099386 PRATHAM UK A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

INDEX Page
Company information 1
Report of the directors 2 -8
Independent auditor
’s report		 9-11
Statement of financial activities 12
Balance sheet 13
Statement of Cash flows 14
Notes to the financial statements 15-23
Company number : 04708800
Charity registration number : 1099386
Name of trustees : Sakate Khaitan Chairman
Ravi Rajgopal
Alka Deol (resigned 28 October 2020)
Avinash Vazirani
Karthic Jayaraman
Ashok Vaswani
Charu Sarma
Dinyar Devitre
Dixit Joshi
Ritu Kapoor (resigned 13 May 2020)
Sam Tully
Sanjeev Dhuna (resigned 22 April 2021)
Saurav Chopra
Suresh Kanwar
Company Secretary : Vinati Sukhdev
Registered office : Suite 21
Vicarage House
58-60 Kensington Church Street
London W8 4DB
Bankers : HSBC
92 Kensington High Street
Kensington
London W8 4SH
ICICI Bank UK
1 Thomas More Square
Thomas More Street
London E1W 1YN
Independent auditor : Goldwins Chartered Accountants
75 Maygrove Road
West Hampstead
London NW6 2 EG

The trustees present their annual report together with the financial statements for the year ended 31 March 2021. The trustees confirm that the annual report and financial statements of the company comply with the cu rrent statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by update Bulletin 1 (effective 1 January 2015).

Details of officers and professional advisers are set out on page 1.

Pratham UK is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 24 March 2003 as amended by Special Resolution on 21 June 2019. It is registered as a charity with the Charity Commission.

The organisation is governed and overseen by its trustees who are also directors of the company.

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit. The objectives of the charity as stated in its constitution, as amended by special resolution on 21 June 2019, are to advance education amongst persons living in developing countries, especially but not exclusively working with children within slum communities in India.

Prath am is one of India’s largest NGOs providing quality education to underprivileged children in India through low cost, scalable methods and works in collaboration with the government, local communities, parents, teachers and volunteers across the country. In a year when the Coronavirus pandemic reshaped the education landscape by forcing school closures, Pratham had to adapt to the new reality and contain the impact of school closures and disrupted lives by bringing engaging activities and new learning opportunities to children and youth.

Pratham’s 2020 campaign was called “Karona Thodi Masti Thodi Padhai” . For the past year, Pratham has worked effectively to reach children, families and communities; by combining our pre-existing community structures with our digital resources. Messages were sent via phone (SMS and WhatsApp), and phone calls were made to individuals and groups for feedback and follow up. Using digital technologies old and new, over the last twelve months, we were able to build a robust network of participants and learners across more than 10,000 rural and urban communities and 600 partner organizations. Fourteen state governments used our digital content in different ways.

Pratham’s vocational training activities pivoted from in-person training models to remote and hybrid strategies, ensuring that youth continue to learn and grow even in the face of the pandemic. Through a variety of platforms and activities, Pratham reached out to youth who were just entering the workforce, as well as, to experienced workers in need of upskilling or certification. Pratham’s “Dekho ~~-S~~ eekho ~~-P~~ arkho” training model not only utilized existing communication platforms such as YouTube, WhatsApp, and Facebook Workplace to engage with the learners, but also allowed for “human contact” and practical experience, to help ease learners into this new method of skilling. Over the past twelve months, Pratham trained 35,000+ youth through virtual courses and 20,000+ through practical sessions. Of those trained, over 12,000 were placed in jobs.

Through this period, Pratham also focused on building capacity of our teams to operate in this “new normal” and have learned a lot along the way to inform the strands of response to the current crisis.

The trustees meet regularly to manage and review the activity and direction of the charity.

The charity ’s main resources are currently directed at fundraising within the United Kingdom and using partner organisations to fulfil its charitable objectives as this makes efficient use of the partner organisati on’s local knowledge.

During the period under review, the trustees of Pratham UK cemented the position of preeminence the charity enjoys amongst the Indian community and extended awareness to other communities within the UK.

Continuing initiatives included:

Trustees of Pratham UK are elected by a majority vote by the existing body of trustees after being nominated by an existing trustee or any volunteer of Pratham UK and (if required) after conducting informal or formal meetings with candidates to assess their interest and suitability. Upon induction, new trustees are given a standard pack on Pratham UK which includes: -

New trustees are familiarised with the various functions performed by the Pratham UK Board and are then assigned specific roles and responsibilities.

For the year ending 31 March 2021 Pratham UK had a gross income of £372,166 (2020£568,498). These funds, both solicited and unsolicited, arose from a broad set of donors including Individuals, Trusts and Corporations. Activities included virtual events held during the year. The major categories of donations are shown below;

Donations and Legacies Donations and Legacies Donations and Legacies Donations and Legacies 136,862
Charitable activities 63,950
Other trading activities 49,038
Other income 18,092
Total Total Donation Received ~~— ~~Unrestricted
267,942
Donation Received ~~-~~Restricted
Second Chance and other programmes Second Chance and other programmes
104,224

The net deficit for year ended 31 March 2021 after charitable donations was £380,616 (2020 surplus of £107,076).

Restricted Funds £
Pratham Education Foundation India 239,799
Unrestricted Funds
Pratham Education Foundation India 328,000

Pratham agreed that its free reserves should cover twelve months of support costs. In respect of the current year this would mean there should be set aside reserves of around £150,000. At the year-end Pratham UK held reserves of £177,094 2019- £557,710). Of these reserves £177,094 (2020- £425,710) are available as general reserves and Nil (2020 - £132,000) were restricted reserves as at the year end.

Apart from this, it is the current view of the trustees that reserves at the end of the year are adequate to cover deposits and outlay for the following y ear’s expenses as well as incidental expenses for at least a twelve-month period. It is the view of the trustees that in the context along with proposals for 2021/22, a reserve fund of £150,000 will be adequate to meet the

Despite a difficult environment with the pandemic, Pratham UK continued to steadily adapt and pivot to the new reality.

  1. Virtual salons replaced in-person events to engage donors with highly successful ones being organized and attended. Monetisation of these salons provided a new income stream

  2. We took part in the Twopointsixchallenge organised by British Charities to engage our donors early in the lockdown and raised almost £4000

  3. The Big Give Christmas Challenge successfully raised £40000 in December 2020

  4. Continued engagement with corporate donors such as Nordgreen led to larger donations while a new corporate tie-up with Mailzee was secured. They will donate a percentage of their sales of clothes collections from their newly launched brand ‘This is Unfolded’ through the year

  5. A series of policies to further professionalise the Charity were adopted by the board

  6. We continued to tell the story of the Pratham response to Covid 19 through the newsletter and social media posts

Pratham is reliant on a very large number of individuals who are committed volunteers and who are absolutely vital for the whole range of operations Pratham undertakes. The trustees wish to thank all people who have volunteered, contributed or supported Pratham UK in any way during the year.

The trustees of Pratham UK confirm that they have complied with the duty in section 17 of the

Pr atham’s m__ issi on is “Every Child in School and Learning Well’ All our charitable activities focus on a goal of erasing illiteracy and teaching basic writing and arithmetic skills to India’s 100 million underprivileged children. The activities we usually have throughout the year include social events, smaller dinners and sporting events to raise awareness and bring in much needed funds. After events-related costs and support costs incurred are deducted, all money raised at Pratham UK goes directly to the programmes in India and makes a difference to millions of children all across India. This year the in-person events were replaced by virtual events. With more than 300 million learners in India being out of school due to the pandemic lockdown it is vital to ensure continuity in education. Many of these children are first-generation students from extremely poor households; which makes them particularly vulnerable to interruptions in their education. If the current situation continues, increase in inequality and less social mobility are the predicted long-term outcomes. This makes Pratham’s digital interventions more important than ever. We are pleased to report that Pratham in India has used a variety of methods - conventional and innovative - to provide opportunities for engagement and learning. The challenges of working in a country where technology and digital literacy are not available in every household has not held Pratham back from reaching out to more than 12,000 beneficiary communities on a daily basis.

The organisation is founded on the firm belief that education is the fundamental right of every child and no child should be deprived of this basic right simply because he/she does not have access to it or does not have the resources to realise his/her dreams. Therefore, all our programmes are designed to ensure that enrolment in schools which is currently at 97% results in better learning and Pratham intervention models are replicated and scaled up to serve large numbers of children to achieve a large-scale impact.

FY 20-21 was particularly challenging because of the pandemic. Though temporary, school closures have a significant impact on students, even more so in vulnerable and underprivileged contexts. In these times, it is important to engage children in activities that bring down stress, take minds off the crisis and gradually create an environment where learning can continue...

We have partnered with state government education departments in developing technology solutions to engage children and teachers through online platforms.

Pratham digital resources provide children access to engaging learning content. Currently we have 3000+ videos, 400+ games, 200+ stories and 3 learning applications across 12 languages.

Pratham safety videos and educational content on handwashing and mask wearing has benefited 12000 communities.

The trustees have undertaken a risk assessment for the charity encompassing all potential areas of risk and review this periodically. In light of Brexit and the recent economic situation brought about by the pandemic the officers of the charity have re-evaluated matters and will ask the trustees to formally adopt a revised risk policy to reflect the current circumstances, matters will be kept under close review so that the charity can respond appropriately at all times. Generally, the trustees are satisfied that the operating systems and procedures are in place to mitigate our exposure to the major risks.

Each of the persons who are confirmed that:

The auditor, GOLDWINS LTD has indicated its willingness to continue in office. The designated trustees will propose a motion re-appointing the auditor at a meeting of the trustees.

The funding of the charity will continue to be reviewed. The trustees expect to make further donations to their partner organisations to achieve their goals of providing quality education to underprivileged children and help make a difference through educating children.

GBP200,000 of unrestricted funding was sen t to fund Pratham’s activities in India ~~—~~ this payment should have gone in the FY 2019-20 but was delayed because of banking difficulties at the start of the pandemic. On August 18, GBP102,000 was sent to India- being proceeds from a charity auction conducted by Cornerstone Sports Management at an event held at Lords Cricket Ground on May 21,2019 in London. The funds were received by Pratham UK on August 10, 2020. On 14[th] December, 2020 a further GBP 100,000 was sent to Pratham in India and the final payment for this financial year was made on 22/23 March 2020 totalling GBP137,799 being restricted funding for Second Chance as well as other programmes. A further INR 862,850 was directly donated in India through Pratham UK affiliated donors and $5000 through Pratham Australia. GBP 28000 which was donated by UK donors was paid through the corpus of the UBS Optimus Foundation grant.

This report was approved by the board of trustees and signed on its behalf.

Date:

We have audited the financial statements of Pratham UK for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

have been prepared in accordance with the requirements of the Companies Act 2006.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in ancial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In auditing the financial statements, we have concluded that the trustees concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

The trustees are responsible for the other information. The other information comprises the report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

In our opinion, based on the work undertaken in the course of the audit:

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion ~~.~~ Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.



In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: [www.frc.org.uk/auditorsresponsibilities]. This

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no oth er purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.



(incorporating an income and expenditure account)

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|£| |Income|from:| |Donations and legacies|3|136,862|-|136,862|148,315| |Charitable activities|4|63,950|104,224|168,174|361,800| |Other trading activities|5|49,038|-|49,038|56,320| |Investment income|2,063| |Other income|18,092|-|18,092|-| |Total|income|267,942|104,224|372,166|568,498| |Expenditure|on:| |Raising funds|23,639|-|23,639|242,258| |Charitable activities|492,919|236,224|729,143|219,164| |Total|expenditure|7|516,558|236,224|752,782|461,422| |Net (expenditure)|/ income|before|net|gains|/| |(losses)|on|investments|(248,616)|(132,000)|(380,616)|107,076| |Net gains / (losses) on investments|-| |Net (expenditure)|/ income|for the|year|8|(248,616)|(132,000)|(380,616)|107,076| |Transfers between funds|-|-|-| |Net movement|in|funds|(248,616)|(132,000)|(380,616)|107,076| |Reconciliation|of funds:| |Total funds brought forward|425,710|132,000|557,710|450,634| |Total|funds|carried|forward|15|177,094|-|177,094|557,710|

----- End of picture text -----

There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

Pratham UK Balance sheet As at 31 March 2021 2021 2021 2020 2020 Note Fixed assets: Tangible assets 495 Current assets: Debtors Cash at bank and in hand 12 9,180 178,173 187,333 190,394 416,730 607,124 Liabilities: Creditors.. amounts falling due within one year 13 110.7341 149,4141 Net current assets 176,599 557,710 Total net 8ssets 177,094 557,710 Funds Restricted funds Unrestricted funds 15 132,000 425,710 177,094 Total funds 177,094 557,710 The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006. Approved by the Iruslees on and signed on their behalf by.. K Jayaraman Trustee Company registration no. 04708800 The 8tt8ched note5 form part of the financial ststements. 13

Note Note Note 2021 2021 2020
Cash flowsfrom operating activities: £ £
Netcash provided by /(used in)
operating activities a (237,814) 133,789
Cash flowsfrom investing activities:
Sale/ (purchase) of fixed assets ~~_—__(743)~~ -
~~_—____~~
Cash provided by /(used in) investing activities (743) -
Change in cash and cash equivalents in
theyear (238,557) 133,789
Cash and cash equivalents at the Cash and cash equivalents at the
beginning of the year beginning of the year 416,730 282,941
Cash and cash equivalents attheend end of
theyear b 178,173 416,730
(expenditure) to netcash flowfrom from
operating activities 2021 2020
£ £
Net income / (expenditure) for the reporting
period (as per the statement of financial period (as per the statement of financial period (as per the statement of financial period (as per the statement of financial
activities) (380,616) 107,076
Depreciation 248 -
Decrease / (Increase) in debtors Decrease / (Increase) in debtors 181,234 (7,473)
Increase / (decrease) in creditors Increase / (decrease) in creditors Increase / (decrease) in creditors (38,680) 34,186
Netcash provided by /(used in)
operating activities (237,814) 133,789
Analysis Analysis Analysis ofcash and cash equivalents At
At 1 April Other 31 March
2020 Cash flows changes 2021
£ £ £ £
Cash at bank and in hand Cash at bank and in hand 416,730 416,730 416,730 (238,557) (238,557) ~~-~~ 178,173

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) and the Companies Act 2006.

Pratham UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements are prepared in sterling, which is the functional currency of the charity. Transactions in foreign currency are translated into Sterling at the rate applying on the date of transaction. Balances denominated in foreign currencies are translated into Sterling at the rate of exchange running at the balance sheet date. Monetary amounts in these financial statements are rounded to the nearest £. All exchange differences are dealt with in the statements of financial activities.

The company is registered in England and Wales and address of its registered office is Suite 21, Vicarage House, 58-60 Kensington Church Street, London, W8 4DB.

The biggest challenge that charity faced towards the end of this financial year has been the COVID-19 crisis.The trustees consider due to the steps taken by charity to address the COVID-19 situation, there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether grants or grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Legacies, donations and gifts are recognised when receivable or it becomes probable that they will be received and the value can be measured with sufficient reliability. Gift in kind are included in the accounts at an estimate of gross value.

Charitable expenditure comprises those costs incurred in pursuance of the charitable airm of the company. Grants payable to partner organisations for educational projects are included in the Statement of Financial Activities (SOFA) when approved by the trustee, and agreed with the other organisations. The value of such grants unpaid at the year end is accrued.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 7.

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular

Where the charity owns the asset being auctioned then proceeds from auction are shown as the amount at which the lot was sold to the buyer. When the charity runs an auction at which the asset being auctioned still belongs to the original owner, the amount shown as income is that proportion of the amount at which the lot was sold that the original owner agreed should be taken by Pratham as a donation.

Computer equipment acquired during the year is depreciated in the first year of purchase over three years on straight line basis and carried at cost, net of depreciation and any provision for impairment.

Other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

The company operates a defined benefit contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Detailed comparatives for the statement of financial activities

mparatives for the statement of financial activities
and legacies
activities
ng activities
income
e
ds
activities:
n investments
brought forward		 2020
Unrestricted
funds
£
148,315
259,800
56,320
2,063		 2020
Restricted
funds
£
-
102,000
-
-		 2020
Total
funds
£
148,315
361,800
56,320
2,063
466,498 102,000 568,498
324,332
-
324332		 -
137,090
137090		 324,332
137,090
461422
,
142,166
-		 ,
(35,090)
-		 ,
107,076
-
142,166
283,544		 (35,090)
167,090		 107,076
450,634
425710 132000 557710
Incomefrom donations and legacies Incomefrom donations and legacies Incomefrom donations and legacies Incomefrom donations and legacies Incomefrom donations and legacies 2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Donations 136,862 ~~-~~ 136,862 148,315
136,862 ~~-~~ 148,315
~~136862”~~
Income from charitable activities Income from charitable activities Income from charitable activities Income from charitable activities Income from charitable activities Income from charitable activities Income from charitable activities 2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Donations- Events 63,950 ~~-~~ 63,950 259,800
Read India ~~-~~ 28,687 28,687 102,000
Second Chance ~~-~~ 69,424 69,424 -
Pratham Council for Vulnerable Children
~~-~~		 6,113 6,113 -
63,950 104,224 168,174 361,800
Incomefrom othertrading activities Incomefrom othertrading activities Incomefrom othertrading activities Incomefrom othertrading activities Incomefrom othertrading activities Incomefrom othertrading activities 2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Online sales and auctions 49,038 49,038 56,320
49,038 49,038 ~~-~~ 49,038 56,320
Income from investments Income from investments Income from investments 2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Bank interest 2,063
2,063
Raising Raising Raising Charitable Charitable Charitable Charitable Charitable Support 2021 2020
funds activities costs Total Total
£ £ £ £ £
Staff costs Staff costs 12,641 78,632 22,818 114,091 55,372
Direct costs staging events 1,370 ~~-~~ ~~-~~ 1,370 126,981
Read India - Pratham India ~~-~~ 567,799 ~~-~~ 567,799 137,090
Pratham - 14-18 year old skilling programme 26,320
Admin costs ~~-~~ ~~-~~ 9,783 9,783 17,390
Professional Fee ~~-~~ ~~-~~ 2,000 2,000 28,570
Printing,Postage & Supplies ~~-~~ ~~-~~ 426 426 1,608
Telephone & Internet 73
Rent and rates Rent and rates ~~-~~ ~~-~~ 9,028 9,028 29,593
Insurance ~~-~~ ~~-~~ 1,432 1,432 1,285
Advertising ~~-~~ ~~-~~ 1,697 1,697 4,478
Sundry ~~-~~ ~~-~~ 246 246 1,609
Dues and Subscriptions ~~-~~ ~~-~~ 1,598 1,598 939
Travel ~~-~~ ~~-~~ 667 667 1,123
Just Giving Expense ~~-~~ ~~-~~ 360 360 371
Bad debt expense ~~-~~ ~~-~~ 28,350 28,350 5,250
Bank Charges ~~-~~ ~~-~~ 3,277 3,277 2,985
Depreciaton ~~-~~ ~~-~~ 248 248 -
Accountancy fees ~~-~~ ~~-~~ 3,910 3,910 13,135
Audit fees 6,500 6,500 7,250
14,011 646,431 92,341 752,782 461,422
Support costs 9,629 82,711 (92,341) ~~-~~
Total expenditure 2021 23,639 729,143 ~~-~~ 752,782
Total expenditure 2020 Total expenditure 2020 242,258 219,164 - 461,422

Of the total expenditure, £516,558 was unrestricted (2020: £324,332) and £236,224 was restricted (2020: £137,090).

d after charging / (crediting):
n		 2020
£

7,250

----- Start of picture text -----
Staff costs were as follows: 2020
£
Salaries and wages 51,235
Social security costs 2,880
1,257
55,372
----- End of picture text -----

The total employee benefits including pension contributions of the key management personnel were £62,799 (2020- £55,372).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

The average number of employees during the year was as follows:

e number of employees during the year was as follows:
ctivities 2020
No
1
1

No employee received emoluments in excess of £60,000 (2020: Nil).

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

tart of the year
ns in year
end of the year
tart of the year
for the year
end of the year
tart of the year
e above assets are used for charitable purposes.		 1,0
7
Comput		 £
70
43
ers
1,8 13
1,0
 70
2 48
1,3 18
-

----- Start of picture text -----
2020
£
Other debtors 79,434
Prepayments 8,960
Accured income 102,000
190,394
2020
£
Other creditors 7,471
Accruals 10,000
Taxation and social security 1,943
Deferred income 30,000
49,414
2020
£
-
Balance at the beginning of the year
-
Amount released to income in the year
Amount deferred in the year 30,000
Balance at the end of the year 30,000
----- End of picture text -----

Deferred income comprises funds received for the next financial year.

i i
xed assets
nt assets
f net assets between funds - prior year
nt assets
s at 31 March 2020
n - Read India
Council for Vulnerable Children
hance
ts in funds - prior year
funds:
n - Read India
30
Council for Vulnerable Children
ntervention - Read India
137
ricted funds
167
stricted funds
283
s
450
At 1
 Unrestr
f
425,
425,
icted
unds
Restricted
funds
£
£
710
132,000		 T
fu
557,7
710
132,000		 557,7
30
137
At 1
 £
,000
-
102,0
,090
April
2019
Inco		 £
-
00
-
(137,
me
Expe		 £
£
-
-
-
-
090)
-
nses
Transfers		 30,
102,
A
Ma
2
167
283		 ,090
102,0
,544
168,4		 00
(137,
86
(26,		 090)
-
320)
-		 132,
425,
450 ,634
270,4		 86
(163,		 410)
-		 557,

Total future minimum lease payments under non-cancellable operating leases are as follows:

ear 2020
£
21,420
21,420

The charity is a company limited by guarantee and has no share capital. There are 11 members of the company, each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

Mrs Vinati Sukhdev, the company secretary, who is an ex-director and ex-trustee, received a gross salary of £54,951 (2020- £51,235). Trustee donated £131,635 (2020: £107,700).