Registered Company Number". 05200658 {England & Wales) Registered Charlty Number: 1107423 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR U. W. C. GREAT BRITAIN LIMITED
U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2024 CONTENTS Page Report of the Trust8es Independent Examiners Report Statement of Financial Aclivities Balance Sheet 3to6 Accounting Policies 10
U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2024 REPORT OF THE TRUSTEES The trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 st March 2024. The trustees have adopted the provisions of the Statemenl of Recommended Practice (SORP) Accounling and Reporting by Charities issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 5200658 (England and Wales) Reglstered Charlty Number 1107423 Reglstered Offlce Flat 211 84 Crampton Street London E17 3BT Trustees Tegan Evans Secretary Christopher Jones Chair Perveez Mody Appointed 11.05.21 Appointed 07.11.22 Appointed 01.08.20 Hannah Mahapatra Andrew Morris Appointed 23.11.18 Appointed 02.08.21 Appointed 28.09.20 Trisha Gorman Pema Saskia I'Anson Appointed 07.11.22 Gareth William Appointed 01.08.20 Hannah Mahapalra Bankers HSBC 237 Brompton Road Chelsea London SW3 2ER App90inled 23.06.18
U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2024 REPORT OF THE TRUSTEES STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of twst, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2IXI6. Recruitment and appoinlment of new trustees The current board of trustees has been selected from graduates of United World Colleges. parents of graduates and other volunteers who have been aclive in supporting the aims of the committee over the years and their lerms of appointment confomi to th& memorandum and articles of association. As we seek to strengthen the capacity to deliver our objectives. we aim to recruit new trustees with the appropriate skills as well as a passion for UWC. Organi6ational Structure The charity is organised so that the trustees meet regularly to discuss th8 development of the charity and its objectives. Related partlés The charity has been formed to cate a better awareness of the objectives of the United World Colleges movement and has a close relationship in professional and funding terms with Allantic College in South Wales along wilh the sixleen overseas United World Colleges. Risk management The major risks, to which the charity is exposed, as Identified by the trustees, have been reviewed and systems have been established to mitigate those risks. It is recognised that Systems can only provide reasonable but not absolute a55uran that major risks have been adequately managed. The trustees are satisfied that the risks the charity faces at this early stage in its development are minimal. OBJECTIVES AND ACTIVITIES The purpose of charity (UWCGB) is to promole the work of the United World College movement within Great Britain.11 does this primarily Ihrough the selection of young people (16-19) to attend the UWC colleges at home and around the world. The charity is committed to ensuring that young people from a variety of socio-economic backgrounds benefit frorn this incredible educational opportunity The core activities of the charity are to select young people from across Great Brttain to attend the UWC colleges. The colleges offer scholarship funding that they
administer and UWCGB finds worthy recipients of the allocated places. These recipients attend the UWC colleges ft)r a 0-year residential programme where they study for the International Baccalaureate Diploma. Along with the trustees, the charity is largely supported by volunteers many of whom are UWC graduates or former UWC parentsleducators. To support with this work, the charity has contractors who work on promoting UWC across the county and are involved in the administrative work for applicants. The trustees have a clear understanding of the guidance around public benèfit, and Ihis underpins the work they do for UWCGB. UWC graduates make an impacl in all walks of life and often retum to their local communities to fulfil the UWC mlssion. The application process itself is design8d to offer a mini UWC &xperience and is an extremely reflective prOsS for a young person to undertake and we know often increases their confidence and boosts motivation to develop themselves whether or not they attend a UWC. ACHIEVEMENT AND PERFORMANCE .UWC brings people from every part of the UK and allows them lo access to an educalion that would not be possible within their local community. Whelher or not they receive a scholarship from us, the young people involved go into their local community and oftan make a significant contribution after they retum from th&ir time studying at UWC whether at home or overseas.
U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2024 REPORT OF THE TRUSTEES Reserves policy The Irustees have examined th& charity's r8quirement for reserves in light of the main risks to the organisation. It has been established a policy whereby restricted funds not invested in tangible fixed assets should be capable to meet overhead costs over a three month period. As the charity has a small amount of financial activlly al this time it is not expected that the reserves requirement will be material but thi8 will bp Teviewed by the trustees on a bi-annual basis. The charity's funds have all bean applied in accordance with its objèctives. Investment policy and objectives The charity will develop a prudent amount of reserves in accordance wilh its policy and other than that does not expect to generate substantial funds for long term investment at this time. It will maintain cash reserves in the most beneficial inlerest-boaring aGGounts Ihat are available to il from ils bank. This report has been prepared in accordance wilh Ihe spocial provision5 of Part 15 of tho Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD Chair.. Dats:
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF U.W.C GREAT BRTAIN LIMITED Independent examlners report to the trustees of U.W.C Great Britain Limlted. I report to the charity trustees on my examination of the accounts of U.W.C Great Britain Limited (the trust) for the year ending 31 March 2023. Responsibilities and basis of report As the charity trustees of then Trusl you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respeot of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying oul my examination I have followed all applicable Directions given by the Charty Commission Under Section 145(5>(b) of the Act. Independent examlnation's statement I have completed my examination. I confirm that no material matters hava come to my attention in connection with the examination giving me cause lo believe that in any material respect. 1. Accounting records were not kept in respect off the Trust as r8qulred by Section 130 of the Act.. or the accounts do not accord with those records- or 3. the accounts do not comply wilh 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 matters in connection with the examination to which attention should be drawn in this reporl in order to enable a proper understanding of the accounts lo bo reached. D A Grossett . Date:
NITED WORL LL REAT BRITAIN FINANCIA TIVITIES F R THE YEAR ENDED 31 MARCH 2024 Inwming resources from generated fund$ Donations Personal Donalions Promotion Grani3 Applicalton Fees 018on Fees £ 5,915.92 £49.121.95 £ 9,262.28 Totsl Incoming resource$ £78,999.69 RESOURCES EXPENOED UWCGB Activlty Admin fees £ 4.097.43 £ 8.262.17 £ 1.182.91 £ 5,845.21 £1g.665.00 £26,316.21 Onpntation c08ts Studènt Support Expenses CoTiiraclor rosls Tuttion I Totsl resourTotal rgsourc•s expended £65,368.93 INCOME I {EXPENDvRE) for thg ye £ 13,630.76 TOTAL FUNDS CARRIED FORWARD ON BEHALF OF THE BOARD Date: .
BAL HEET A AT 31 MARCH 20 CURRENT ASSETS C45h 8t HSBC Bank Cash al HSBC Bank IreseNe funds) Cash at PayPal Account Cash in Hand Soldo Debtors £4.011.97 £0.00 £10.225.75 £19.500 £0.00 £0.00 £o.Eio £0.00 CURRENT LIABILITIES Creditors.. Amoiints falling due withln ona y•ar £O.DO £4,011.57 £0.00 £29,725.75 TOTAL ASSETS LESS CURRENT LIABILITIES £4,011.57 £29.725.75 The charitable compdny is entitled to gx@mplir)n from audit undar S8Ctlon 477 of the Compenies Act 2006 fur the yaar ended 31st March 2023 The members have not required the charitable ¢ornpany lo obtain an audit of its financial sta(ern¢nts for the yèar ended 31s1 March 2023 in accordance wilh section 476 01 the Cofftpanies Acl 2006. The trustees acknowledg8 their responsibilities for 18} ensuring that the ¢harilable company keeps accounting records that comply with sections 386 and 387 ot the Companies Act 2006 and preparing financial 5talemerit$ which give a twe and fair view of the stste ol ?ffalrs of the charilable company as at the end of each finèncial year and ol its Sufpliis or deficit lor each fin&nc1al year in accordance with Ihg requirempnls of s8clions 394 and 395 and which olh?nNi$B comOy with Iht requirernenls ot the Companies Act 2006 rèlating to financial statemen15, $0 far 0$ applicable to the charitabla company. (bl Théise financial stataTnenL8 have been Prepared in arcordance with the £pecial provisions of Part 15 of Ihe Companies Act 2006 relating lo small charitable cornpanie5 and with the Financial Reporting Standard lor Smaller Enbties loff8etTrva April 20081. The financial slaiemenls were approved by th& Board of Truslees on Ihp dale below. ON BEHALF OF THE BOARD Chair: Date:
U. W. C. GREAT BRITAIN LIMITED YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Accounting Convention The financial statements have bèen prepared under the historical cosl convention and in accordance with the Financial Reporting Slandard for Smaller Entities (effective April 2008) Incoming resources All incoming resources afe included on the Stalemenl of Financial Aclivilies when Ihe charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources oxpended Expenditure is accountèd for on an accruals basis and has been classified under headings that aggrpgatp all cnst related to the category. Where costs cannot be directly attributed to particular headings Ihey have be¢n allocalad to activities on a basis consislent with the us of resources. Taxation The tharity is exempt from corporation tax on its charitable acliviti8S. Fund accountlng Unrestricted funds can be used in accordancé with th8 charilable objectives al the discretion of the trustees. Restricted funds can only be used for parlicular restricted purposes within the objècts of the chcirity. RestriLrtions arise when specified by the donor of when funds are raised for particular restricted purposes. io