AMANTANI UK ANNUAL ACCOUNTS YEAR ENDED DECEMBER 31[st] 2021 

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 2021: 

Jonathan Palfreyman (Chair) Pauline Alvarez 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): Simpsons FM, Pentlow, Sudbury, Suffolk, CO10 7JT. 

This report covers Amantani’s activities in the UK and Peru from 1st January 2021 to 31st December 2021. 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, organisational and operational strategies. 



## **VALUES** 

**YOUTH PARTICIPATION:** We ensure young people are heard, become agents of change and are actively involved in the decision-making process at Amantani. 

**STRENGTH PERSPECTIVE:** We focus on the 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 recognising 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 personalised strategies for each participant in our programmes. 



## **SCHOLARSHIPS PROGRAMME** 

Our Scholarships Programme focuses on reaching opportunities. Through this programme, we provide full scholarships at high quality institutes, universities and technical colleges. The young people are always accompanied by our professional team of psychologists and educators and the loving and caring support of their families. 




## Despite 2021’s challenges, we are proud of our results: 

- **606** hours of tutoring (both virtual and in-person). 

- **28** young people received 37 hours of mentoring from March 2021 to December 2021. 

- **39** young people who had to put their studies on hold are now studying virtually. 

- **9** young people have finished their studies in institutes and are working in their final research projects to graduate. 

- **4** young people have passed their final exams and are waiting for their certificates. 

- **100+** hours of personised digital tutoring was carried out to support the young people through the challenges of online learning. 

## **SCHOLARSHIPS** 

* Three young people received the Continuity Scholarship awarded by PRONABEC (Government funded.) We currently have eight young people with this scholarship at Amantani. 

* Marleni and Yerson presented their final research projects in front of a jury and graduated! Marleni finished her studies as a Secondary School teacher and specialised in Science and Environment. Yerson finished his technical studies in International Business Management. 

* Similarly, Alicia, who is currently in her 6th semester studying Agronomy at the Universidad Nacional San Antonio Abad del Cusco (UNSAAC), received the Permanent Scholarship based on her academic performance. 

## **PEER MENTORING PROGRAMME** 

Four young people were hired by Amantani as Peer Mentors to support those who had recently joined the Scholarships Programme by sharing their own experiences and guiding them in their studies. The four Mentors were trained and took part in regular meetings with the team. Karina, Marleni, Abelardo and Hector Raul did an excellent job! As young people will return to part-time in-person learning in 2022, we will adapt the mentoring strategy to ensure it includes these changes and continues to meet their needs. 



As part of the Scholarships Programme, we monitored the young peoples’ general well-being, working alongside them to support their mental health. 

## **RESULTS OF OUR 2021 INTERNAL SURVEY** 

* **58%** of young people believe their teachers at universities and institutes are understanding of their difficulties with connectivity issues. 

- **89%** of young people trust their parents to discuss their academic journeys with them. 

- **97%** of young people trust their tutors to discuss academic issues. 

- **74%** of young people trust their tutors to discuss professional issues. 

## **ETHICAL TRADE** 

The second year of the pandemic began with the good news of the arrival of the COVID-19 vaccines in Peru and the reopening of more economic sectors. Because of this, and after such a challenging year, the Ethical Trade project started 2021 on the right foot and with a great display of motivation from the artisans. Despite pausing the production of bracelets for the year due to a large amount of stock, and thanks to the invaluable support of our partners, we were able to sell over 9,000 bracelets. These sales made a tremendous difference to the project and meant we could re-start production in early 2022. 

- **45** artisans participated in the project. 

- **194** sales points in Peru and the UK. 

- **30%** growth in sales in Peru. 

- **96%** growth of sales in the UK since the start of the pandemic. 

## **MEET MY WORLD** 

This year, we worked with 28 young people from the Scholarships Programme and we developed activities related to their environment. We also maintained constant communication with them via Whatsapp and occasional virtual meetings. In 2022 we will also welcome two “ _collanas_ ”, or young leaders, to support in coordinating and following-up with the young people’s assignments. 



## **INDEPENDENT EXAMINER’S REPORT** 

Report to the trustees of Amantani UK (Charity Reg No 1131489) On accounts for the year ended 31st December 2021. 

## 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: 

- examine the accounts under section 145 of the Charities Act, 

• 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 • 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: 06/04/2022 



|**Statement of Financial Activities**|||||||||
|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**||**Total**||**Total**|
||||**2021**||**2021**||**2021**|**2020**|
|**INCOMING RESOURCES**|**Note**||**£**||**£**||**£**|**£**|
|**Voluntary income:**|||||||||
|Individual Giving|||3,740||101||**3,841**|24,291|
|Regular Giving|||22,185||-||**22,185**|24,198|
|Grants|||69,650||79,193||**148,843**|235,791|
|Corporate Partnerships|||301||-||**301**|102,521|
|**Activities:**|||||||||
|Events|||-||-||**-**|1,388|
|Schools|||-||-||**-**|-|
|Trade|||21,893||-||**21,893**|8,274|
|**Exceptional income**|||-||-||**-**|-|
|**Total incoming resources**|**2**||**117,770**||**79,294**||**197,063**|**396,464**|
|**RESOURCES EXPENDED**|||||||||
|**Charitable activities:**|||||||||
|Boarding Houses|||713||1,774||**2,487**|6,637|
|Campus - Infrastructure|||3,502||-||**3,502**|1,046|
|Sustainability|||-||-|||7,942|
|Transitions|||39,529||124,983||**164,512**|172,453|
|Ethical trade|||14,556||-||**14,556**|17,648|
|Meet My World|||9,957||-||**9,957**|9,614|
|Communication|||6,235||-||**8,648**|-|
|Additional general support for Amantani Peru|||20,000||-||**20,000**|-|
|**Costs of generating funds:**|||||||||
|Voluntary Income|||56,204||-||**56,204**|67,175|
|Activities|||-||-||**-**|-|
|**Governance:**|||||||||
|Insurance & Bank Charges|||1,560||-||**1,560**|869|
|**Total resources expended**|**2**||**152,255**||**126,757**||**281,426**|**283,384**|
||||||||||
|**Net income/ (expenditure)**||**-**|**34,486**|**-**|**47,463**|**-**|**84,362**|**113,080**|
|**Total funds brought forward**|||**194,217**||**76,525**||**270,741**|157,661|
|**Total funds carried forward**|||**159,731**||**29,061**||**186,379**|**270,741**|





## **Balance Sheet Amantani UK As at 31 December 2021** 

||**31/12/2021**|**31/12/2020**|
|---|---|---|
||**£**|**£**|
|**Assets**|||
|**Current Assets**|||
|Prepayments|-|-|
|Accrued income|6,451|3,381|
|Cash at bank and in hand|293,644|312,610|
|**Total Current Assets**|**300,095**|**315,991**|
|**Total Assets**|**300,095**|**315,991**|
|**Liabilities**|||
|**Current Liabilities**|||
|Accrued expenses|-|-|
|Deferred Income|113,716|45,250|
|**Total Current Liabilities**|**113,716**|**45,250**|
|**Total Liabilities**|**113,716**|**45,250**|
|**Net Assets**|**186,379**|**270,741**|
|**Equity**|||
|Current Year Earnings|(84,362)|113,080|
|Retained Earnings|270,741|157,661|
|**Total Equity**|**186,379**|**270,741**|





## **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**<br>**Restricted funds consolidated**<br>**Balance at 31 Dec**<br>**2020 £**<br>**Incoming**<br>**Resources £**<br>**Outgoing**<br>**Resources £**<br>**Balance**<br>**at 31 Dec**<br>**2021 £**<br>Amazon project<br>-<br>81<br>-<br>81<br>Boarding Houses<br>1,774<br>-<br>1,774<br>-<br>Transitions<br>74,751<br>79,212<br>124,983<br>28,980<br>**Total**<br>**76,525**<br>**79,294**<br>**126,757**<br>**29,061**|
|---|---|
|**STAFF**<br>The average monthly number of full time employees during the year was: 2.2.<br>Time records show the allocation of their time as follows:<br>**2021**<br>**2020**<br>Fundraising & Admin<br>1.7<br>1.7<br>Programmes<br>0.5<br>0.5<br>Gross Salaries & Wages(inc NI)<br>**56,008**<br>**49,843**||





## **PROJECT SUPPORT COSTS** 

||**TOTAL**|**FUNDRAISING**|**CHARITABLE**|<br>**BASIS OF**|
|---|---|---|---|---|
||**COSTS**|**£**|**ACTIVITIES £**|**APPORTIONMENT**|
||**£**||||
|Staff|**56,008**|39,075|16,933|Staff time|
|Office & Peru travel|**1,922**|1,922|0|Staff time and nature of expenditure|
|TOTAL|**57,929**|**40,997**|**16,933**||
||**DIRECT**||||
||**ACTIVITIES**|**SUPPORT**|**TOTAL**||
||**£**|**COSTS £**|**£**||
|Boarding Houses - Running Costs|2,267|220|**2,487**|Based on expenditure in Peru|
|Campus - Infrastructure|3,197|305|**3,502**|Based on expenditure in Peru|
|Communication|7,903|745|**8,648**|Based on expenditure in Peru|
|Transitions programme|150,577|13,936|**164,512**|Based on expenditure in Peru|
|Ethical trade|13,303|1,253|**14,556**|Based on expenditure in Peru|
|MMW|9,482|474|**9,957**|Based on expenditure in Peru|
||||**-**||
|**TOTAL**|**186,730**|**16,933**|**203,662**||





## **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 so reserves have remained the same at £115,000. Of this total, £75,000 is held in Amantani UK, and £40,000 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 expenses during the year. 

END