AMANTANI UK ANNUAL ACCOUNTS YEAR ENDED DECEMBER 31[ST] 2020
www.amantani.org.uk info@amantani.org.uk Charity Reg. 1131489
Principal and Registered Address:
1 Pleasant Land, Boars Hill, Oxford OX1 5EY
Governing Document: Trust Deed Trustees who served during the year of 2020:
Jonathan Palfreyman (Chair) Martin Morales Benjamin Beavan Mike Branson Karen Jankel
UK Director: Chris Palfreyman
Bank:
CAF Bank LTD 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Independent Examiner:
Nick Johnson (FCAA): The Old Rectory, Hargrave, Bury St Edmunds, Suffolk IP29 5HH
This report covers Amantani’s activities in the UK and Peru from 1st January 2020 to 31st December 2020. Amantani was formally established in May 2008 and in April 2009 became a registered charity (Registered Charity number 1131489).
Risk Assessment
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.
VISION
A Peru in which young people from all backgrounds have the capabilities to access equal opportunities of high-quality education and fair employment.
MISSION
To work with young people and parents to create highly contextualized educational projects that enable young people to develop the capabilities they need to access equal opportunities.
STRATEGIC OBJECTIVES
PSYCHOSOCIAL: We strengthen the participants’ emotional and psychosocial skills that will allow them to freely and confidently participate in society.
ACADEMIC: We support the transition of young people from school into higher education through scholarships and academic support. EMPLOYABILITY: We promote work environments that are inclusive and fair to the participants of Amantani programmes.
ORGANISATIONAL: We work from Peru to create and implement financial, organizational and operational strategies.
VALUES
YOUTH PARTICIPATION: We ensure young people are heard, become agents of change and are actively involved in the decisionmaking process at Amantani.
STRENGTH PERSPECTIVE: We focus on individual talents of each young person.
RESPONSIBILITY: We encourage that participants and team members act responsibly exercising mutual respect, honesty and commitment.
INTERCULTURALITY: We respect and promote diversity and the cultural heritage of the communities we work with.
SOCIAL JUSTICE: Our work stems from recognizing the talents and skills of the people we work with.
GENDER EQUALITY: We firmly believe in gender equality and actively work towards encouraging fair opportunities for everybody, regardless of their gender.
AYNI (RECIPROCITY): We integrate this Quechua principle to promote horizontal relationships or reciprocity across all our work.
INDIVIDUALISED SUPPORT: We create highly personalized strategies for each participant in our programmes.
SCHOLARSHIPS PROGRAMME
GENERAL WELL-BEING
In December, the young people took part in a survey to share any potential concerns about their emotional well-being. These were the results:
Young people who are currently studying:
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79% feel encouraged and supported by their parents to study.
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66% feel supported by their tutors.
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81% consider the support provided by Amantani was particularly necessary in 2020 and an additional 9% said it was somewhat necessary.
When asked how the tutoring sessions had helped this year:
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57% said it helped them feel more positive about their future.
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49% said the sessions have made them feel supported in their decision-making process. * 30% said they had improved in their self-
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confidence.
When asked what the greatest challenges this year were:
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66% said they felt frustrated not always understanding their virtual lessons. * 64% struggled with connectivity issues.
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36% felt fearful regarding COVID-19.
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24% felt sad to not be able to see their friends.
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Overall, 57% of young people felt this year had been very challenging.
Young people who will be starting their studies in 2021:
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65% felt that they have been somewhat supported by the older cohort of Amantani students.
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65% felt they have been supported by their tutors throughout the year.
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100% feel excited about going back to their studies in 2021 and 77% have already identified what their career of choice will be.
When asked how the tutoring sessions had helped this year:
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62% said they had improved with their self-confidence.
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74% feel more confident regarding their future.
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56% said the sessions have made them feel supported in their decision-making process.
ACADEMIC INDICATORS
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66 young people are currently studying (5 studying in university, 54 studying in institutes, 7 studying in CETPROs – Centres for technical courses.)
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39 young people will either begin or return to their studies in 2021.
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We provided 155 tutoring sessions.
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1 young person received a Permanent Scholarship. 5 young people received a Continuity Scholarship. (Both scholarships are Government funded.)
EMPLOYMENT
27 young people were able to get part-time employment throughout the year. Usually, this allows young people to pay for extra living expenses and even support their own families. Even though this year it became much harder to find employment, many of the young people were still able to get hired in decent jobs.
WORKING WITH FAMILIES
The Parent Council met at the beginning of the year and shortly after, the young people went back to their communities to quarantine safely. Naturally, most of them began helping their families by working in the fields and have continued to do so whilst continuing with their studies remotely. The Parent Council ensured that parents were respecting their sons and daughters’ time to study and that they continued to be involved in their education even during the pandemic.
ETHICAL TRADE
The artisans have shown incredible resilience this year and have continued to work hard to support their families in any way they can. Throughout, they have stayed committed to Amantani and supported the decisions made along the way, something we are incredibly grateful for. We’re also excited to announce that we will be launching a second product in the months to come and we look forward to sharing more news very soon!
With the arrival of the pandemic and increased restrictions, shops in Peru and the United Kingdom were forced to close their doors at different times. However, whenever possible, the bracelets are still being sold in over 180 shops. To mitigate the financial impact of these restrictions, we developed online catalogues for Peru and the UK and shared these on our social media platforms and monthly newsletters.
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3,600 bracelets sold across the UK and Peru
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10 percent of income directly resulting from online sales
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- 10,000 + bracelets in stock and ready for 2021 sales
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100% of the artisans remain excited to continue being part of the team.
MEET MY WORLD
We started the year by working with a group of 18 young people in Paqari Wayna (our youth hub). The photographer Gustavo Vivanco gave an exciting workshop in which the young people further developed their photographic skills.
After the lockdown, in the month of October, we were able to resume activities with an enthusiastic group of 27 participants, with whom we were able to develop different activities remotely, mainly communicating via WhatsApp.
Towards the end of the year, the young people began taking photos of specific places that were significant to them in their communities. Next year, they will develop interviews and learn more about their communities' history.
Even though we were only able to develop a third of what we had originally envisioned to be this year's project, we always stayed in close contact with the participants and, thanks to their enthusiasm, we made sure we resumed activities in a safe manner as soon as possible.
BOARDING HOUSES MONITORING PROGRAMME
This year, we continued to monitor and stay in touch with the 20 families we currently work with and supported 25 children to complete their academic year. We are also excited to share that even though this was a challenging year, one of the students who had decided to stop studying a year prior, resumed her studies and went back to school.
Aside from working directly with these families, we also supported 1 young woman to apply for the Government funded Beca 18 grant and also helped 2 young women who were not part of the programme apply to a Women in Science Grant, also provided by the government. We also made sure the school's director followed the process so that she would be able to support more young women in the future.
INDEPENDENT EXAMINER’S REPORT
Report to the trustees of Amantani UK (Charity Reg No 1131489) On accounts for the year ended 31st December 2020
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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• to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Nick Johnson Relevant professional qualification(s) or body (if any): FCCA Address: Simpsons FM, Pentlow, Sudbury, Suffolk, CO10 7JT
_____ Signed: Date: 05/03/2021
| Statement of Financial Activities | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| 2020 | 2020 | 2020 | 2019 | |||
| INCOMING RESOURCES | Note | £ | £ | £ | £ | |
| Voluntary income: | ||||||
| Individual Giving | 7,599 | 16,692 | 24,291 | 19,923 | ||
| Regular Giving | 24,198 | - | 24,198 | 28,984 | ||
| Grants | 98,982 | 136,809 | 235,791 | 226,043 | ||
| Corporate Partnerships | 100,000 | 2,521 | 102,521 | 7,385 | ||
| Activities: | ||||||
| Events | 194 | 1,194 | 1,388 | 365 | ||
| Schools | - | - | - | - | ||
| Trade | 8,274 | - | 8,274 | 25,335 | ||
| Exceptional income | - | - | - | - | ||
| Total incoming resources | 2 | 239,247 | 157,217 | 396,464 | 308,035 | |
| RESOURCES EXPENDED | ||||||
| Charitable activities: | ||||||
| Boarding Houses | 430 | 6,207 | 6,637 | 12,443 | ||
| Campus - Infrastructure | 1,046 | - | 1,046 | 3,907 | ||
| Sustainability | 7,942 | - | 7,942 | 2,068 | ||
| Transitions | 66,131 | 106,322 | 172,453 | 170,395 | ||
| Ethical trade | 17,648 | - | 17,648 | 14,597 | ||
| Meet My World | 8,940 | 674 | 9,614 | 27,128 | ||
| Reserves transfer to Amantani Peru | - | - | - | 10,236 | ||
| ICT Academy | - | - | - | 2,068 | ||
| Costs of generating funds: | ||||||
| Voluntary Income | 67,175 | - | 67,175 | 40,542 | ||
| Activities | - | - | - | - | ||
| Governance: | ||||||
| Insurance & Bank Charges | 869 | - | 869 | 883 | ||
| Total resources expended | 2 | 170,180 | 113,204 | 283,384 | 282,198 | |
| ~~Net income/(expenditure)~~ | 69,067 | 44,013 | 113,080 | 25,837 | ||
| Total funds brought forward | 125,150 | 32,512 | 157,661 | 131,825 | ||
| Total funds carried forward | 194,217 | 76,525 | 270,741 | 157,661 |
| Balance Sheet | Balance Sheet | ||
|---|---|---|---|
| Amantani UK | |||
| As | at | 31 December 2020 | |
| 31/12/2020 | 31/12/2019 | ||
| £ | £ | ||
| Assets | |||
| Current Assets | |||
| Prepayments | - | 22,780 | |
| Accrued income | 3,381 | 8,960 | |
| Cash at bank and in hand | 312,610 | 198,602 | |
| Total Current Assets | 315,991 | 230,341 | |
| Total Assets | 315,991 | 230,341 | |
| Liabilities | |||
| Current Liabilities | |||
| Accrued expenses | - | 717 | |
| Deferred Income | 45,250 | 71,962 | |
| Total Current Liabilities | 45,250 | 72,679 | |
| Total Liabilities | 45,250 | 72,679 | |
| Net Assets | 270,741 | 157,662 | |
| Equity | |||
| Current Year Earnings | 113,080 | 25,837 | |
| Retained Earnings | 157,661 | 131,825 | |
| Total Equity | 270,741 | 157,662 |
NOTES TO THE ACCOUNTS
Accounting policies
1.1 Preparation basis
The accounts have been prepared under accruals basis in accordance with Financial Reporting Standard FRS102 effective 1 January 2015, the Statement of Recommended Practices (SORP) and Charities Act 2011.
1.2 Incoming resources
Voluntary income is recognised as an incoming resource when notification of the income in writing is received. The income from the fundraising activities is shown as revenue, with the incurred costs included in the fundraising cost.
1.3 Resources expended
Governance costs are those incurred through the administration of the charity and compliance with constitutional and statutory requirements. Where possible, costs are allocated directly to the activities to which they relate. Other costs are then allocated between charitable activities and fundraising costs based on the apportionment of direct costs.
Support costs include human resource and general administration expenses, monitoring and evaluation and travel expenses.
Expenditure is accounted for on an accruals basis. Fundraising expenditure consists of expenses generated through the encouragement of people to contribute financially to the charity’s work. Fundraising expenditure incurred by Amantani Peru, but paid for by Amantani UK, is recharged to Amantani Peru by deducting funds from transfers made.
| Restricted funds | |||||
|---|---|---|---|---|---|
| Restricted funds consolidated | Balance at 31 Dec 2019 Incoming | Outgoing Resources £ | Balance at 31 Dec | ||
| Boarding Houses | 7,981 | - | 6,207 | 1,774 | |
| Transitions - Laptops campaign | - | 41,937 | 41,937 | - | |
| Meet My World | 674 | - | 674 | - | |
| Transitions - Leavers and Pathways combined | 23,856 | 115,280 | 64,385 | 74,751 | |
| External projects | - | - | - | - | |
| Sustainability | - | - | - | - | |
| Total | 32,512 | 157,217 | 113,204 |
76,525 | |
| STAFF | |||||
| The average monthly number of full time employees during the year was: 2.2. | |||||
| Time records show the allocation of their time as follows: | |||||
| 2020 | 2019 | ||||
| Fundraising & Admin | 1.7 | 1.7 | |||
| Programmes | 0.5 | 0.5 | |||
| Gross Salaries & Wages(inc NI) | 49,843 | 44,155 |
PROJECT SUPPORT COSTS
| TOTAL COSTS | FUNDRAISING | CHARITABLE | BASIS OF | |
|---|---|---|---|---|
| Staff | 73,910 | 63,696 | 10,213 | Staff time |
| Office & Peru travel | 3,479 | 3,479 | 0 | Staff time and nature of expenditure |
| TOTAL | 77,389 | 67,175 | 10,213 | |
| DIRECT | SUPPORT | TOTAL | ||
| Boarding Houses - Running Costs | 6,317 | 320 | 6,637 | Based on expenditure in Peru |
| Campus - Infrastructure | 996 | 50 | 1,046 | Based on expenditure in Peru |
| Sustainability | 7,558 | 383 | 7,942 | Based on expenditure in Peru |
| Transitions programme | 164,132 | 8,321 | 172,453 | Based on expenditure in Peru |
| Ethical trade | 16,796 | 852 | 17,648 | Based on expenditure in Peru |
| MMW | 9,327 | 287 | 9,614 | Based on expenditure in Peru |
| - | ||||
| TOTAL | 205,127 | 10,213 | 215,340 |
Reserves Policy
Funds generated during a financial period which are not needed for project costs in are held in non exotic currency in both Amantani UK and Amantani Peru. The trustees have agreed to continue with a policy that Amantani should hold reserves to cover three months running costs of Amantani as a whole, including the UK and Peru, and with the growth in projected expenditure for 2020 the reserves have been grown to £115,000. Of this total, £95,000 is held in Amantani UK, and £20,000 is held in Amantani Peru.
Related Parties
During the year, there were no related party transactions
Trustees
The trustees have not received any remuneration or reimbursement of their expenses during the year.