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2022-04-05-accounts

SORP reference
Summary
ofthe purposes		 of Para 1.17 To support the charitable activities ofthe
the charity as set out in its Santa Maria Charity in Columbia, South
overnin
document		 America. Re istration No. 2677-900260914
Summary
ofthe main
activities
in relation to those		 Para 1.17and
1.19		 Raising funds to support
orphans
in Columbia
via		 and educate
the charity above.
purposes
for the public
benefit,
in particular,
the
activities, projects or services
identified
in the accounts.
Statement
confirming		 Para 1.18 Yes, the trustees have given regard to this
whether the trustees
have		 guidance.
had regard to the guidance
issued
by the Charity
Commission
on public
benefit

Achiev ements
and Pe		 rformance
SORP reference
Continuing to raise funds to support the
charity noted above and in particular
donating funds to extend the school in
Summary
of the main
achievements
ofthe charity,		 Para 1.20 Columbia.
identifying the difference the
charity's work has made to
the circumstances
of its
beneficiaries
and any wider
benefits to society as a
whole.
Additional
information		 (optional) (optional)
You ma
choose to include		 further statements where relevant about:
Achievements
against		 Para 1.41
objectives set
Performance
offundraising
activities against objectives Para 1.41
set
Investment
performance		 Para 1.41
against objectives
Other

Financial
Review
Review ofthe charity's Para 1.21 Net asset off494,450 as compared to
financial
position at the end		 6486,126(2021)
ofthe
eriod
Statement
explaining
the		 Para 1.22 Reserves are held to secure the future ofthe
policy for holding
reserves		 charity
statin
wh
the
are held
Amount
of reserves
held		 Para 1.22 f494,450
Reasons for holding
zero		 Para 1.22 N/A
reserves
Details offund materially in Para 1.24 None
deficit
Explanation
of any		 Para 1.23 None
uncertainties
about the
charity continuing
as a going
concern

The charity's
principal
sources offunds
(including		 Para 1.47
any fundraising)
Investment
policy and
objectives
including
any		 Para 1.46
social investment
policy
adopted
A description
ofthe principal		 Para 1.46
risks facing the charity
Other

Description
of charity's
trusts:
Type ofgoverning
document		 Para 1.25 Trust Deed
(trust deed,
ro
al chai1er)
How is the charity Para 1.25 Declaration ofTrust, unincorporated
constituted? association
(e.g unincorporated
association,
CIO)
Trustee selection methods Para 1.25 Existing Trustees
including
details of any
constitutional
provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Policies and procedures
adopted for the induction and
training oftrustees
The charity's organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any related Para 1.51
parties
Other

Charit name SANTA MARIA FOUNDATION
Other name the charit uses
Re istered charit number 1131864
Charity's principal address FLAT 1
81 ONSLOW SQUARE
LONDON
SW7 3LT
ames ofthe charity tru stees who manage the charity
Trustee name Office (ifany) Dates acted ifnot for whole
ear		 Name ofperson (or body) entitled
to a point trustee (ifan
)
1 Peter Mowland Trustee Board ofTrustees
2 Lady Rodriguez Trustee Board ofTrustees
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Funds held as custodian Funds held as custodian trustees on behalf ofothers
Description
ofthe assets
held
in this capacity
Name and objects ofthe
charity on whose behalf the
assets are held and how this
falls within the custodian
charity's objects
Details ofarrangements for
safe custody and
segregation
ofsuch assets
from the charity's
own assets

O
CHARITY COMMISSION
FOR ENGLANO AN0 WALES		 O
CHARITY COMMISSION
FOR ENGLANO AN0 WALES		 O
CHARITY COMMISSION
FOR ENGLANO AN0 WALES		 O
CHARITY COMMISSION
FOR ENGLANO AN0 WALES		 Charity Name: SANTA MARIA
Annual		 Charity Name: SANTA MARIA
Annual		 Charity Name: SANTA MARIA
Annual		 FOUNDATION
accounts for the		 FOUNDATION
accounts for the		 Charity
(ifan
)
period		 Charity
(ifan
)
period		 No 1131864
Period end
Period start date 06/04/2021 date 05/04/2022
OZ
8 Restricted
Recommended
categories		 by Unrestncted income Endowment Prior year
activity funds funds funds Total funds funds
f. E f.
Incoming
resources		 (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations
and legacies		 S01 82,603 82,603 73,403
Charitable
activities		 S02
Other trading
activities		 S03
Investments S04
Separate
material
item ofincome		 S05
Other S08 2,476
Total S07 82,603 82,603 75,879
Resources expended (Note 6)
Expenditure
on:
Raising funds S08 5,900 5,900 2,586
Charitable
activities		 S09 16,000 16,000 31,000
Separate
material
item ofexpense		 S10
Other S11 52,379 52,379 28,205
Total S12 74,279 74,279 61,791
Net income/(expenditure) before investment
gains/(losses) S13 8,324 8,324 14,088
Net gains/(losses)
on investments		 S14
Net income/(expenditure) S15 8,324 8,324 14,088
Extraordinary
items		 S16
Transfers
between funds		 S17
Other recognised
gains/(losses):
Gains and losses on revaluation offixed assets for the charity's own use S18
Other gains/(losses) S19
Net movement
in funds		 S20 8,324 8,324 14,088
Reconciliation
offunds:
Total funds brought
forward		 S21 486,126 486,126 472,038
Total funds carried forward S22 494,450 494,450 486,126
1
~ a
I0zI
OcC'a		 Unrestricted Restricted
income		 Endowment Total this Total last
0 funds funds funds year year
Fixed assets F01 F02 F03 F04 F05
intangible assets (Note 15}
Tangible assets (Note 14} 500,000 500,000 500,000
Heritage assets (Note 16)
Investments (Note 17) a04
Total fixed assets 805 500,000 500,000 500,000
Current assets
Stocks (Note 18) 805
Debtors (Note 19) 807 2,250 2,250
Investments (Note 17A) 808
Cash at bank and in hand (Note 24) 809 6,519 6,519 ?,200
Total current assets 810 8;769 8,769 7,200
Creditors: amounts falling due within
one year (Note 20) 811 14,319 14,319 21,074
Net current assetsl(liabilities) 812 - 5,550 5,550 - 13,874
Total assets less current liabilities 815 4, 486,126
Creditors: amounts falling due after
one year (Note 20) 814
Provisions for liabilities 815
Total net assets orliabilities 815 494,450 494,450 486,126
Funds of the Charity
Endowment funds (Note 27) 817
Restricted income funds (Note 27) 818
Unrestricted funds 819 494,450 494,450 486,126
Revaluation reserve 820
Total funds 821 494,450 4S4450 486 126
Signed by one ortwo trustees on behalf ofall Date of
the trustees Signature Print Name approval
dd/m

This standard This standard list of accounting
policies has been applied by the charity except for those ticked "No"or		 accounting
policies has been applied by the charity except for those ticked "No"or		 "Nla". Where a "Nla". Where a "Nla". Where a
different or additional policy has been adopted then thisis detailedin
the box below.
Recognition ofincome These are included
in the Statement of Financial Activities (SoFA) when:
~
the charity becomes entitled
to the resources;
it is more likely than not that the trustees
will receive the resources; and		 Yes No N/a
~
the monetary
value can be measured
with sufficient
reliability.
There has been no offsetting ofassets and liabilities,
or income and expenses,		 unless required
Offsetting or permitted
by the FRS 102SORP or FRS102.
Yes No N/a
Grants and donations
are only included
in the SoFA when the general
income
Grants and donations recognition
criteria are met (5.10to 5.12FRS102SORP).
In the case ofperformance
related grants,
income must only be recognised		 to the extent Yes No N/a
that the charity has provided
the specified goods or services as entitlement		 to the grant
only occurs when the performance
related conditions
are met (5.16FRS 102SORP).
Legacies Legacies are included
in the SOFA when receipt is probable,
that is, when		 there has Yes No N/a
been grant of probate, the executors have established
that there are sufficient		 assets in
the estate and any conditions
attached
to the legacy are either within the control ofthe
charity or have been met.
Yes No N/a
Government grants The charity has received government
grants
in the reporting
period
Gift Aid receivable
is included
in income when there is a valid declaration
from		 the
Tax reclaims on donor.
Any Gift Aid amount
recovered
on a donation
is considered
to be part		 ofthat gift Yes No N/a
donations and gifts and is treated as an addition
to the same fund as the initial donation
unless		 the donor or
the terms ofthe appeal have specified otherwise.
Contractual
performance		 income
related		 and This is only included
in the SoFA once the charity has provided
the related
services or met the performance
related conditions.		 goods or Yes No N/a
grants
Yes No N/a
Donated goods Donated goods are measured
at fair value (the amount for which the asset
exchanged)
unless
impractical
to do so.		 could be
The cost of any stock ofgoods donated for distribution
to beneficiaries
is deemed
to be
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on		 Yes No N/a
receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised
as an expense at the carrying
amount ofthe stocks at distribution.
Donated goods for resale are measured
at fair value on initial recognition,		 which is the
expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance		 Yes No N/a
sheet.
On its sale the value ofstock is charged against 'Income from other		 trading
activities'
and the proceeds from
sale are also recognised as 'Income from		 other trading
activities'.
Yes No N/a
Goods donated
for on-going use by the chadity are recognised as tangible		 fixed assets
and included
in the SoFAas incoming
resources
when receivable.
Yes No N/a
Gifts in kind for use by the charity are included
in the SoFAas income from		 donations
when receivable.
Donated services and Donated services and facilities are included
in the SOFA when received at		 the value of Yes No N/a
facilities the gift to the charity provided
the value ofthe gift can be measured
reliably.
Donated services and facilities that are consumed
immediately
are recognised		 as Yes No N/a
income with an equivalent
amount
recognised as an expense under the appropriate
heading
in the SOFA.
Yes No N/a
Support costs The charity has incurred
expenditure
on support costs.

Volunteer
help		 114
QIIAV Vl UlI) VUIUI
Ll
P
I
i
VVV
in the trustees'
annual
report.
Income from interest, This is included
in the accounts when receipt is probable
and the amount
receivable can
royalties and dividends be measured
reliably.
Income from membership Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations
subscriptions and Legacies.
Membership
subscriptions
which gives a member the right to buy services or other
benefits are recognised as income earned
from the provision
ofgoods and services as
income from charitable
activities.
Settlement ofinsurance
claims		 Insurance
claims are only included
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and are included as an item ofother
income
in the SoFA.
Investment
gains and
losses		 This includes
any realised or unrealised
gains or losses on the sale ofinvestments
and
any gain or loss resulting
from revaluing
investments
to market value at the end ofthe
year.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised
where
it is more likely than not that there is a legal or
constructive
obligation
committing
the charity to pay out resources
and the amount of
the obligation
can be measured
with reasonable
certainty.
&
Governance
and support
costs		 Support costs have been allocated between governance
costs and other support.
Governance
costs comprise
all costs involving
public accountability
ofthe charity and its
compliance
with regulation
and good practice.
Support costs include central functions
and have been allocated to activity cost
categories
on a basis consistent
with the use ofresources, eg allocating
property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance
conditions		 Where the charity gives a grant with conditions
for its payment
being a specific level of
service or output to be provided,
such grants are only recognised
in the SoFAonce the
recipient ofthe grant has provided
the specified service or output.
Grants payable without
performance
conditions		 Where there are no conditions
attaching
to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.
Redundancy
cost		 The charity made no redundancy
payments
during
the reporting
period.
Deferred income No material
item ofdeferred
income has been included
in the accounts.
Creditors The charity has creditors
which are measured
at settlement
amounts
less any trade
discounts
A liability is measured
on recognition
at its historical cost and then subsequently
Provisions for liabilities measured
at the best estimate ofthe amount
required
to settle the obligation
at the
reporting
date
Basic financial
instruments		 The charity accounts for basic financial
instruments
on initial recognition
as per
paragraph
10.7FRS102SORP. Subsequent
measurement
is as per paragraphs
11.17
to 11.19,FRS102SORP.
2.4ASSETS
Tangible fixed assets for These are capitalised
if they can be used for more than one year, and cost at least
use by charity
They are valued at cost.
The depreciation
rates and methods
used are disclosed
in note 9.2.
Intangible
fixed assets		 The charity has intangible
fixed assets, that is, non-monetary
assets that do not have
physical substance
but are identifiable
and are controlled
by the charity through
custody
or legal rights.
The amortisation
rates and methods
used are disclosed
in note 9.5
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary
assets with historic, artistic,
ianilfv
tanhnninninal
nannh
'nnl n
a
nm
nfal ns &alikiaa thai nra halrl
and
~ ~
Note 3 Analysis of income
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Anal sis
Donations Donations and ifts 82,603 82,603 73,403
and legacies: Gift Aid
Donations - Gift of land
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donated goods, facilities and services
Other
Total 82,603 82,603 73,403
Charitable
activities:
Other
Total
Other trading
activities:
Other
Total
Income from Interest income
investments: Dividend income
Rental and leasin income
Other
Total
Separate
material item
ofincome:
Total
Other: Other income 197
Gain on disposal of a tangible fixed asset held
for chari 's own use
Gain on disposal ofa programme related
investment
Royalties from the exploitation of intellectual
ro e ri hts
Gift aid refund from HMRC 2,279
Total 2,476
TOTAL INCOME 82,603 82,603 75,879
Other information:
All income in the prior year was unrestricted except for.
(please provide description and amounts)
Where any endowment
fund		 is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
Note 5
Donated goods, facilities and services		 Note 5
Donated goods, facilities and services
Seconded staff
Use ofproperty
Other
Please provide details ofthe
accounting
policy for the recognition
and valuation
ofdonated goods,		 N/A
facilities and services.
Please provide details ofany
unfulfilled
conditions
and other
contingencies
attaching to resources		 N/A
from donated goods and services not
recognised
in income.
Please give details ofother forms of
other donated goods and services not
recognised
in the accounts, eg		 N/A
contribution
of unpaid volunteers.
This year Last year
N/A N/A
N/A N/A
N/A N/A
N/A N/A
Note 6 Analysis ofexpenditure Analysis ofexpenditure
Restricted
Unrestricted income Endowment
Anal sis funds funds funds Total funds
E		 Prior year
f
Expenditure on Incurred
seeking donations
raising funds: Incurred
seeking legacies
Incurred
seeking grants
Operating
membership
schemes and
social lotteries
Staging fundraising
events		 4,823 4,823 1,364
Fudraising
agents
Operating
charity shops
Operating
a trading
company
undertaking
non-charitable
trading
activit
Advertising,
marketing,
direct		 mail and
ublicit 1,076 1,076 1,222
Start up costs incurred
in generating
new source offuture income
Database development
costs
Other trading
activities
Investment
management
costs:
Portfolio mana
ement costs
Cost of obtaining
investment		 advice
Investment
administration
costs
Intellectual
property
licencing		 costs
Rent collection,
property
repairs and
maintenance
charges
Total expenditure
on raising		 funds 5,900 5,900 2,586
Expenditure on Donations 16,000 16,000 31,000
charitable
activities
Total expenditure
on charitable
activities		 16,000 16,000 31,000
Separate material
item ofexpense
Total
Trustee's Sala 27,000 27,000 18,900
Em
lo er's Nl		 2,506 2,506 1,395
Web Maintenance 1,853 1,853 709
Bank Char es 119 119 90
Tele hone 8 Internet 1,556 1,556 1,022
Accountanc
fees		 6,000 6,000
Le al and Professional fees 360 360 960
Travel 9,306 9,306 2,627
Other Ex enses 830 830 322
Posta e and Statione 2,849 2,849 2,180
Total other expenditure 52,379 52,379 28,205
RE 74,279 74,279 61,791

Grant
Activity or
programme		 Activities undertaken directly funding
of		 Support
Costs		 Total this
year		 Total
prior year
activities
Activity 1 Donations 16,000 31,000
Activit 2 Sta in fund raisin events 4823 1364
Other Advertising 1076 1222
Total 21,900 33,586

Please explai n the nature ofeach extraordinaryitem
occurringin
the		 period.
This year Last year
Description
Extraordinary item 1
N/A
Extraordinary item 2
N/A
Extraordinary item 3
N/A
Extraordinary item 4
N/A

Amount received Amount paid out Balance held at period end Balance held at period end
Description/name ofparty Related
party (Yes This year Last year This year Last year This year Last year
or No
NIA
Description/name ofparty Balance held at period end
This year
Last year
Basis of Basis of
Support cost Raising funds Activity 1 Activity 2 Activity 3 Grand total allocation
Descn
e
exam les method)
N/A
Other
Total
was paid please en ter '0 'in the appropriate
box(es).
This year Last year
F
Independent
examiner's		 fees
Assurance services other than audit or independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services) paid
to the independent examiner

11.1 Staff Cost s
This year Last year
Salaries and wages 27,000 18,900
Social security costs 2,506 1,395
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs 29,506 20,295
Please provide details ofexpenditure on staff working for the N/A
charity whose contracts are with and are paid by a related party

13.1A na lysis ofgrants
paid (i		 ncluded
in cost ofcharitable		 activities)
Grants to Grants to
Analysis institutions individuals Support costs Total
Activity or project 1 16,000.00 16,000
Activity or project 2
Activity or project 3
Total 16,000 16,000

13.2 Grants made to institutions 13.2 Grants made to institutions 13.2 Grants made to institutions 13.2 Grants made to institutions
My charity has made grants to particularinstitutions
that are material in
the context of its grantmaking.
Details ofthe institution
supported,
purpose ofthe grant and total paid to each institution is available
on the
charity's
web site.		 Yes
No		 Please provide
details ofcharity's
URL.
Provide details
below
Names of institution Purpose Total amount of
grants paid R
Santa Maria Charity-Columbia(
Reg No. 2677-900260914)		 Provide education to orphaned girls 16,000
Total grants toinstitutions
in reporting period		 16,000
Other unanalysed
grants
TOTAL GRANTS PAID 16,000
Freehold land Other land 8 Plant, Fixtures, Total
& buildings buildings machinery and fittings and
motor vehicles equipment
At the beginning of 500,000 500,000
the year
Additions - Gift
received
Revaluations
Disposals
Transfers *
At end ofthe year 500,000 500,000

14.2 Depreci ation
and		 impairments
""Basis SLor RB SLor RB SLor RB SLor RB SLor RB Straight Line
("SL")or
Reducing
Balance
("RB")
**Rate
At beginning ofthe
year
Disposals
Depreciation
Impairment
Transfers*
At end ofthe year
14.3 Net book value
Net book value at the 500,000 500,000
beginning of the year
Net book value at the 500,000 500,000
end ofthe year

Research 8 Patents and Other Total
development trademarks
At beginning ofthe N/A N/A N/A N/A
year
Additions
Disposals
Revaluations
Transfers *
At end of the year
15.2Amortisation and impairments
*"Basis SLor RB SLor RB SLor RB SLor RB Straight Line
("SL")or
Reducing
Balance
(1IRBll)
**Rate
At beginning ofthe
year
Disposals
Amortisation
Impairment
Transfers*
At end ofyear
15.3 Net book value
Net book value at the
beginning of the year
Net book value at the
end ofthe year

16.7Analysis of heritage 16.7Analysis of heritage assets assets assets by class or group distinguishing by class or group distinguishing by class or group distinguishing those at cost and those at those at cost and those at valuation
At valuation At cost Group Total
Group A B
Carrying
amount		 at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying
amount		 at the end ofperiod
16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)
(i)
Explain the reason why heritage
assets have not been recognised on
the balance sheet.
(ii)
Describe the significance		 and
nature of heritage assets.
(iii)
Disclose information		 that is
helpful
in assessing the		 value of
heritage assets.
(iv)
Explain the		 reason why it is not
practicable to obtain a valuation of
heritage assets.
16.9Five year summary of heritage assets transactions
2022 2021 2020 2019 2018
Purchases
Group A
Group B
Group C
Other
Donations
Group A
Group B
Group C
Other
Total additions
Charge for impairment
Group A
Group B
Group C
Other
Total charge for impairment
Disposals
Group A - carrying amount
Group B - carrying amount
Group C
Other
Total disposals

Cash 8 cash
equivalents		 Cash 8 cash
equivalents		 Listed
investments		 Investment
properties		 Social
investments		 Other Total
Carrying
(fair)		 value at beginning of
penod
Add: additions to investments during
pef'Iod*
Less: written off
Less: impairments
Add: Reversal ofimpairments
Add/(deduct): transfer in/(out) in the
period
Add/(deduct): net gain/(loss) on
revaluation
Carrying
(fair)		 value at end ofyear
*Please specify additions
resulting		 from N/A
acquisitions through business combinations, if
any.

Stock Donated goods
Work in
For For resale For For resale progress
distribution distribution
Charitable activities: NIA
Opening
Added in period
Expensedin period
Impaired
Closing
Other trading activities:
Opening
Added in period
Expensed in period
Impaired
Closing
Other:
Opening
Addedin period
Expensed in period
Impaired
Closing
Total this year
Total previous year
debto rs orprepayments. rs orprepayments.
19.1 Analysis ofdebtors
Trade debtors
Prepayments and accrued income
Other debtors
Total
This year Last year
2,250
,25
Trade debtors
Prepayments and accrued income
Other debtors
This year Last year
F
Total

20.1 Analysis ofcre dit ors
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
E
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments
received		 on account for contracts or
performance-related grants
Accruals and deferred income
Taxation and social security 11,349 8,590
Other creditors 2,970 12,484
Total 4, , 74

Note 24 Cash at bank and in hand
This year
f		 Last year
f
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and in hand 6,519 7,200
Other
Total 6,5 9 7, 00