AMANTANI UK ANNUAL ACCOUNTS YEAR ENDED DECEMBER 31[st] 2024
Charity No. 1131489
Principal and Registered Address:
22 Hertford Road, Digswell, Welwyn, Hertfordshire, AL6 0DE, England
Governing Document: Trust Deed Trustees who served during the year of 2024:
Benjamin Beavan India Jankel – Brown (Chair) Carla Grados Villamar Pablo Alvarez
Fundraising Manager: Iain Allan Mills Finance Manager: David Whitworth
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 2024 to 31st December 2024. 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.
2024 is Amantani’s 16[th] year of operation and we’re expanding our reach.
Year after year we work with hundreds of passionate, resilient and talented young people, who have so much to give back to the world.
We feel privileged to be part of their stories and support them, alongside their families, to achieve their dreams. The Transitions Project has been running in the Cusco region for eight years now. With this in mind, we have started a long-term impact study to evaluate how the project has affected the lives of the people we serve since it started. Of course, none of this would be possible without our generous supporters and partners.
- Executive Director RODRIGO BUSTOS
MISSION:
Promote inclusion and equality for rural Peruvians through opportunities in education, employment and fair trade.
VISION:
A fair and inclusive Peru with equal opportunities for all.
STRATEGIC FRAMEWORK:
GENDER EQUALITY: Amantani firmly believes in gender equality and actively works towards encouraging fair opportunities for everybody, regardless of their gender.
YOUTH PARTICIPATION: Amantani ensures young people are heard, become agents of change and are actively involved in the decision-making process at Amantani.
INTERCULTURALITY: Amantani respects and promotes diversity and the cultural heritage of the communities we work with.
SOCIAL JUSTICE: Amantani’s work stems from recognising the talents and skills of the people we work with.
AYNI (RECIPROCITY): Amantani integrate’s this Quechua principle to promote horizontal relationships of reciprocity across all our work.
RESPONSIBILITY: Amantani encourages participants and team members to act responsibly, exercising mutual respect, honesty and commitment.
RESPONSIBILITY: We enourage participants and team members to act responsibly, exercising mutual respect, honesty and commitment.
INDIVIDUALISED SUPPORT : Amantani creates highly personalised strategies for each participant in our programmes.
STRENGTH PERSPECTIVE: Amantani focuses on the individual talents of each young person.
TRANSITIONS PROJECT IN CUSCO AND TRANSITIONS PROJECT IN LORETO
Our TRANSITIONS PROJECT IN CUSCO includes three phases: Pathways / Beca 18 Support, Scholarships & Employability.
Our TRANSITIONS PROJECT IN LORETO, inspired by our Transitions model in Cusco but more diverse in its participants, geography and culture, includes two primary phases: Pathways/Beca 18 Support & Scholarships.
During our 2024 TRANSITIONS PROJECTS IN CUSCO & LORETO:
PROJECT DIGEST AND STUDENT’S VOICES
PATHWAYS PROGRAMME :
The 2023 Pathways Programme came to a close in March 2024, when the young people took their entrance exams. All 27 participants started tertiary education, although one student received a government scholarship to study in Lima, so left Amantani. Whilst limited funding meant we couldn’t bring on a new cohort of students, we remained committed to opening opportunities.
We supported 32 young people from Ccorca and Huanoquite to take the Beca 18 preselection exam. Only five passed and moved on to the next stage, which highlights that there is more we can do to ensure school leavers have a better chance of obtaining the scholarship. 100 young people continued to receive support from the Scholarships Programme this year. 21 students completed their studies and left the programme with their professional titles.
The Employability Programme continues to prepare participants for the workplace and support them to find work. We follow up with young people for two years after they finish the programme and are happy to see high levels of continuing employment, formal contracts and decent wages.
The end of year questionnaire demonstrated high levels of satisfaction. 100% of respondents felt supported and 91% reported improvements in their family relationships, including better communication and support. We saw our lowest drop-out rate yet, at just 2% for the year, and only one unplanned pregnancy was reported.
STUDENT SPOTLIGHT in CUSCO
Fiorela, 19, lives in the district of Ccorca with her mother. This year, she completed the second year of her accounting degree. Committed to continuing her studies after school, Fiorela knew her family’s financial situation meant she would have to work first, to save up enough money. But when she learned of the Transitions Project, she jumped at the opportunity to go to university straight away. While some courses have been challenging, she has developed study techniques and learned how to ask her peers for help. Fiorela is proud to be part of Amantani and recognises that not everyone has the same opportunity. Her goal is to complete her degree, specialise and eventually open her own accounting firm and beauty business. She knows more challenges lie ahead but is ready to face them so she can achieve her dreams.
“It has been tough to adapt to university life, but I’ve learnt that we have to work to overcome all the challenges we face, in order to achieve our dreams.” - Fiorela
“Being on the student council has helped Fiorela become more social and make her voice heard. I am thankful she has had this chance to be a leader.” - Martina, Fiorela’s mum and president of the Parents’ Council.
STUDENT VOICES in LORETO
“I don’t usually like group work, but during Pathways I learnt how to work as part of a team, be more social and share ideas,” - Pathways Programme participant and Beca 18 applicant,
“It’s a good experience. In the Youth Hub we create an environment of trust and respect. I’m really grateful for everything. It was a complicated process in my case and I had to have various backup plans. You might make one plan when you are at home, but coming here, the reality is different.” - Amantani Scholarship recipient.
“Thanks to Pathways I understand more about what I could study and how to create a life plan. I feel happy to be here” - Pathways Programme participant and Beca 18 applicant.
“I want to start a business and be the owner of something”
- Amantani scholarship recipient.
ETHICAL TRADE PROGRAMME
This year, 39 women participated in the project, producing beautiful, artisanal products which were sold across Peru, Columbia, Spain, the US and the UK. Only 13% of the artisans have other sources of monthly income, so the wages they earn help them cover household expenses and create savings. Some artisans moved on this year while five new participants joined, meaning we ended 2024 with a team of 35. A major milestone was the launch of Yachaykuna, a social enterprise. Gaining company status in Peru opens exciting commercial opportunities, strengthening the project’s sustainability and increasing profits, 100% of which are donated to support Amantani’s projects. On top of our regular production, we produced special orders for new clients in Madrid, Lima and New York. The artisans’ mental and physical wellbeing is an essential part of the project. In response to comments last year, we brought in physiotherapists to teach good posture and exercises that promote back health. Many of the participants continue to do the exercises and report experiencing less discomfort. Participants reported higher levels of project satisfaction in 2024, and we’ve seen increased teamwork within the group. We all look forward to continued growth and empowerment in the year ahead.
Ethical Trade Programme in Numbers:
INDEPENDENT EXAMINER’S REPORT
Report to the trustees of Amantani UK (Charity Reg No 1131489) on accounts for the year ended 31st December 2024.
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,
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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.
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Name: Nick Johnson
Relevant professional qualification(s) or body (if any): FCCA Address: Simpsons FM, Pentlow, Sudbury, Suffolk, CO10 7JT. Signed:
Date: 17 June 2025
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | ||||
| 2024 | 2024 | 2024 | 2023 | ||
| INCOMING RESOURCES | Note | £ | £ | £ | £ |
| Voluntary income: | |||||
| Individual Giving | 5,141 | - | 5,141 | 7,574 | |
| Regular Giving | 19,290 | - | 19,290 | 22,360 | |
| Grants | 35,288 | 110,267 | 145,555 | 224,718 | |
| Corporate Partnerships | 1,110 | 57 | 1,167 | 2,640 | |
| Activities: | |||||
| Trade | 32,336 | - | 32,336 | 31,356 | |
| Total incoming resources | 2 | 93,165 | 110,324 | 203,489 | 288,648 |
| RESOURCES EXPENDED | |||||
| Charitable activities: | |||||
| Amazon Profject | 41,325 | 13,342 | 54,667 | 39,998 | |
| Campus - Infrastructure | 2,211 | - | 2,211 | 3,324 | |
| Transitions - Ccorca | 63,472 | 101,982 | 165,454 | 195,547 | |
| Ethical trade | 21,634 | - | 21,634 | 37,945 | |
| Meet My World | 2,369 | - | 2,369 | 2,852 | |
| Communication | 8,801 | - | 8,801 | 11,054 | |
| Costs of generating funds: | |||||
| Voluntary Income | 46,922 | - | 46,922 | 46,021 | |
| Governance: | |||||
| Insurance & Bank Charges | 283 | - | 283 | 895 | |
| Total resources expended | 2 | 187,016 | 115,324 | 302,340 | 337,636 |
| Net income/ (expenditure) | (93,851) | (5,000) | (98,851) | (48,988) | |
| Total funds brought forward | 155,421 | 5,000 | 160,421 | 209,408 | |
| Total funds carried forward | 61,570 | - | 61,570 | 160,421 |
Balance Sheet Amantani UK As at 31 December 2024
| 31/12/2024 | 31/12/2023 | |
|---|---|---|
| £ | £ | |
| Assets | ||
| Current Assets | ||
| Prepayments | - | - |
| Accrued income | 18,038 | 6,036 |
| Cash at bank and in hand | 58,532 | 154,385 |
| Total Current Assets | 76,570 | 160,421 |
| Total Assets | 76,570 | 160,421 |
| Liabilities | ||
| Current Liabilities | ||
| Accrued expenses | - | - |
| Deferred Income | 15,000 | - |
| Total Current Liabilities | 15,000 | - |
| Total Liabilities | 15,000 | - |
| Net Assets | 61,570 | 160,421 |
| Equity | ||
| Current Year Earnings | (98,851) | (48,988) |
| Retained Earnings | 160,421 | 209,408 |
| Total Equity | 61,570 | 160,421 |
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 consolidated | Balance at 31 Dec 2023 £ |
Incoming Resources £ |
Outgoing Resources £ | Balance at 31 Dec 2024 £ | |
|---|---|---|---|---|---|
| Amazon project | 5,000 | 8,342 | 13,342 | - | |
| Boarding Houses | - | - | - | - | |
| Transitions | - | 101,982 | 101,982 | - | |
| Total | 5,000 | 110,324 | 115,324 | - |
| STAFF | ||
|---|---|---|
| The average monthly number of full-time employees during the year was: 1.2. | ||
| Time records show the allocation of their time as follows: | 2024 | 2023 |
| Fundraising & Admin | 1.2 | 1.2 |
| Programmes | - | - |
| Gross Salaries & Wages (inc NI) | 46,359 | 41,389 |
| PROJECT SUPPORT COSTS | ||||
|---|---|---|---|---|
| TOTAL | FUNDRAISING | CHARITABLE | BASIS OF APPORTIONMENT | |
| COSTS | ACTIVITIES | |||
| £ | £ | £ | ||
| Staff | 46,359 | 46,359 | - | Staff time |
| Office & Peru travel | 1,481 | 846 | 635 | Staff time and nature of expenditure |
| TOTAL | 47,840 | 47,205 | 635 | |
| DIRECT | SUPPORT | TOTAL | ||
| £ | £ | £ | ||
| Amazon Youth Project | 54,531 | 136 | 54,667 | Based on expenditure in Peru |
| Campus - Infrastructure | 2,205 | 6 | 2,211 | Based on expenditure in Peru |
| Communication | 8,779 | 22 | 8,801 | Based on expenditure in Peru |
| Transitions | 165,042 | 412 | 165,454 | Based on expenditure in Peru |
| Ethical Trade | 21,580 | 54 | 21,634 | Based on expenditure in Peru |
| MMW | 2,363 | 6 | 2,369 | Based on expenditure in Peru |
| TOTAL | 254,500 | 635 | 255,135 |
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, £85,000 is held in Amantani UK, and £30,000 is held in Amantani Peru. As of the 31 December 2024, Amantani UK was slightly within its reserves, though as of January 2025 additional funding has been received, meaning we are no longer in our reserves at the date of publication of these accounts.
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