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2021-03-31-accounts

Company number 6861677 Charity number 1132362

INTBAU LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

CONTENTS

Report of the Trustees 1
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

The Trustees, who are also the Directors of the charitable company for the purposes of the Companies Act 2006, present their report with the financial statements of the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS102) issued in January 2019.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

6861677 (Registered in England and Wales)

Registered Charity number

1132362

Registered Office

19-22 Charlotte Road Shoreditch London EC2A 3SG

Founder & Patron

HRH The Prince of Wales

Trustees

Professor R Adam C Aslet R H Driehaus (deceased 9[th] March 2021) M R Gunn The Rt Hon Lord N Lamont A Sagharchi

Company Secretary

E H H Wennberg

Independent Examiner Jonathan Healey FCA Lindeyer Francis Ferguson Limited North House, 198 High Street Tonbridge Kent TN9 1BE

Bankers

Barclays Bank Plc Moorgate Branch 128 Moorgate London EC2M 6SX

1

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

VISION AND MISSION

Vision

Construction is a major contributor to carbon emissions. Between now and 2060, estimates suggest a global addition of 230 billion square metres in new construction – equivalent to a new city the size of Paris, every week for 40 years.

Alongside this huge demand for buildings, towns, and cities, we are at a point of unprecedented awareness of the impact the built environment has on the health of people and the planet.

A growing body of research in the fields of urban design, neuroscience, environmental psychology, and medicine demonstrates the important link between our built environment and human health.

And, as we enter the decade leading towards the UN’s 2030 Sustainable Development Goals , we need to work together as a global community to make our built environments inclusive, safe, resilient, and sustainable.

INTBAU’s vision is that every building and place is made with a conscience, drawing from and developing traditional knowledge and techniques to uphold everyone’s right to a place to live that is resilient, adaptable, beautiful, and supportive of local identity.

Our global network of chapters works in support of a world where

Mission

Our network brings together methods, forms, climates, and contexts as diverse as urban extensions to Guatemala City, Chicago’s grand civic buildings in the Gothic and Classical styles, shingle style houses in Nova Scotia, reconstructed town squares in Dresden and Warsaw, rammed earth villages in southern Morocco, floating mudhifs in southern Iraq, terrace houses in Adelaide, and the hutong of Beijing.

INTBAU’s mission is to nurture and expand the global community who design, make, maintain, study, and enjoy traditional buildings and places.

2

INTBAU LTD

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

We achieve our mission by

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure

INTBAU Ltd is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 27 March 2009 and amended in a special resolution dated 29 September 2017.

INTBAU operated as an unincorporated organisation from 11 December 2002. On 6 April 2009, the assets of the unincorporated organisation were transferred into the charitable company.

On 13 March 2019 the company changed its name from International Network for Traditional Building, Architecture and Urbanism (UK) to INTBAU Ltd.

Governance

There must be at least three Trustees, and they are recruited by resolution of the existing Trustees on the basis of their knowledge of the built environment, or their educational or business experience. The Patron, His Royal Highness The Prince of Wales, has the power to nominate one Trustee.

In line with Charity Commission guidance, new Trustees are made aware of their roles and responsibilities and inducted into the different activities and services provided by INTBAU.

Management

The Board of Trustees meets at least four times a year to set the policy and the overall strategic direction of the organisation’s work. Day to day management of the organisation is the responsibility of the Company Secretary. Remuneration of key management personnel is set by the trustees.

The INTBAU College of Chapters (currently 35 Chapters), which is formed of one representative of each Chapter, is an advisory body and meets once a year. The INTBAU Chapters are separate legal entities, established in the countries where they operate. INTBAU in the UK is the Central Office of the organisation. The balances and disclosures contained in these financial statements are for the charitable company only and are not consolidated with (any of) the Chapters.

3

INTBAU LTD

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

Management of Risks and Uncertainties

At the first meeting of each financial year the Trustees consider and review, as an ongoing process, the major risks to which the organisation is exposed and its control systems, with particular reference to those risks that could potentially prevent the organisation from achieving its principal objectives. These have been identified as the loss of support from key donors and the failure of one or more major projects. Control and mitigation activities include diversifying sources of income, implementing a longer-term financial plan, and establishing minimum criteria to be met before committing to projects.

OBJECTS AND ACTIVITIES

The objectives of the charity are:

The charity has had due regard to guidance on public benefit issued by the Charity Commission in planning its charitable activities. INTBAU offers educational programmes to the general public interested in the traditional built environment. Each year INTBAU organises practical and academic events on themes related to its mission for architects, academics, craftspeople, designers, students and the general public.

ACHIEVEMENTS AND PERFORMANCE

In the 2020/21 financial year, INTBAU remained financially stable while expanding its network and projects worldwide.

4

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

INTBAU’s main projects:

Perspectives on a Pandemic

INTBAU created an online gallery (exhibition.intbau.org) to host an exhibition of drawings, photographs, paintings, and more sent in from network members across the world to show how lockdown has changed people’s views on and interactions with the built environment around them.

Online Resources Toolkit

A dedicated section on the INTBAU website was compiled and updated weekly with contributions from across the network, including online courses, lectures, articles, and other learning resources related to traditional building, architecture, and urbanism.

Summer Series and Autumn Series

INTBAU hosted seasonal series of online talks through Zoom, free and accessible to all, and featuring new and emerging voices working to create a better built future. Subjects included hempcrete, the road to becoming a classical architect, urban extensions and developments in Newquay and Guatemala City, rammed earth, laterite, and a reunion event with alumni of the Engelsberg Summer School in Classical Architecture.

Engelsberg Summer School Virtual Exhibition

To make further use of its dedicated online gallery, INTBAU organised on online exhibition of drawings and design proposals created by students on the 2019 Engelsberg Summer School in Classical Architecture. The exhibition coincided with the launch of a book titled Building a More Beautiful Borlänge , consisting of summer school student designs for the Swedish town of Borlänge which had the year before been controversially voted as ‘Sweden’s ugliest town’. Participating students in the exhibition came from 17 different countries, and a launch event was held online.

Award for Emerging Excellence in the Classical Tradition

INTBAU partnered with the Prince’s Foundation and the Institute of Classical Architecture & Art on the third instalment of an annual prize to be awarded to a young professional exhibiting exceptional talent in classical and traditional architecture, landscape and interior design, building crafts, urban design and planning and the allied arts. The jury is composed of representatives of the three partner organisations, with the award presented to two winners, Austin Tunnell and Gerald Bauer, at a postponed ceremony in New York in October 2021. In July 2020 INTBAU co-hosted a webinar featuring the current and all previous winners of the Award for Emerging Excellence in the Classical Tradition, for an update on how their careers in traditional building, architecture, and urbanism have developed so far.

5

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

Sustainable Urbanisation in the Commonwealth

INTBAU prepared an online session on climate-responsive design for a series of high-level talks organised by, amongst others, the Commonwealth Association of Architects and the Prince’s Foundation. Speakers represented Kenya, South Africa, and Pakistan, amongst others, and covered the critical, readymade contribution that vernacular, local, traditional, and indigenous methods of designing and building can make to reducing the built environment’s carbon footprint.

The Architecture of Place

INTBAU partnered with the Institute of Classical Architecture & Art and the Prince’s Foundation to deliver a series of seven high-level talks on architecture and urban design, specifically targeted at architecture students and young professionals. Topics included rapid urbanisation, housing, and climate-responsive design.

Richard H Driehaus Architecture Competition, Rafael Manzano Prize for New Traditional Architecture, and Richard H Driehaus Building Arts Awards

INTBAU is a key collaborator on three projects in Spain and Portugal each year: the Richard H Driehaus Architecture Competition, which works with three Spanish Municipalities to identify opportunities for infill, extension, and regeneration and seeking design proposals from the international architectural community that draw on local vernacular and contribute to place identity; the Manzano Prize, to award a living Spanish or Portuguese architect, craftsperson, or designer for a career that has made important contributions to the continuity of tradition in Spain and/or Portugal; and the Building Arts Awards, to recognise the talented craftspeople working in a variety of trades in Spain, without whom traditional building techniques could disappear. The Manzano Prize also includes a two-day seminar and a two-week summer school alternating between Spain and Portugal each year. In 2020 the summer school scheduled to take place in the Azores had to be postponed due to the pandemic and is now scheduled to take place in July 2022.

Policy on Reserves

It is the charity’s policy to maintain sufficient unrestricted reserves to cover one year’s overhead expenditure. At 31 March 2021 there was an unrestricted free reserves balance of £243,719 (2020: £255,321) (unrestricted funds excluding fixed assets). Funds in excess of the policy on reserves are currently being maintained in anticipation of projects in 2020/21 and 2021/22.

6

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

Principal Sources of Funding

INTBAU’s sources of income are: project revenue, private donations, membership fees and corporate sponsorship.

FUNDRAISING PRACTICES

All fundraising is carried out by INTBAU staff and Trustees, and does not include the involvement of professional fundraisers or commercial participators. There are three components to INTBAU’s fundraising approach.

  1. Individual donors – this includes approaches to persons known to the charity and the charity’s Trustees, for large or small amounts. Individual donors are approached for unrestricted funds where possible, to cover core costs.

  2. Project income – this is divided into two parts: first, stipends that INTBAU receives for its work on projects and activities initiated by other entities; second, sponsorship and other revenue generated through an INTBAU-initiated project or activity.

  3. Membership fees – INTBAU actively recruits new professional members in order to increase revenue from membership fees. This has the added benefit of also increasing the charity’s connections to practitioners who can support projects and attend events.

In order to protect vulnerable people and other members of the public, the charity does not approach individuals to whom it has no connection for donations. Where approaches are made and no response is received, a maximum of two follow-up messages will be sent. Where a negative response is received, no further messages are sent.

The charity is registered with the Information Commissioner’s Office for the correct handling of personal details and operates in compliance with the General Data Protection Regulation.

7

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

FUTURE PLANS

In addition to continuing annual projects such as the initiatives in Spain, INTBAU will plan the following in 2021/22.

Architecture Challenge

In preparation for COP26, scheduled to take place in Glasgow from 1-12 November 2021, INTBAU will develop plans for an international design competition seeking low-cost, easy to build, scalable proposals for houses in locations impacted by climate, rapid urbanisation, and/or migration. A webinar series will launch the initiative in the summer with the design competition to run until May 2022, with selected entries to be widely exhibited. INTBAU will work with winners to secure funding to build and test their designs in the contexts for which they are intended.

World Congress

INTBAU’s fourth World Congress will take place at the Royal Society of Arts in London on 24-25 March 2022 on the theme of How We Build from Here.

Majlis Symposium

INTBAU will partner with the Caravane Earth Foundation and Smithsonian Institution on a three-day series of talks and workshops as part of the Majlis Exhibition, held alongside the Venice Architecture Biennale. Architects, craftspeople, academics, and the public will be brought together to consider the Biennale question of ‘how will we live together?’

Network Development

Increased online activity presents an opportunity for INTBAU’s network to reach more people and to grow its number of Chapters and members. Analysis of talk participants will take place, along with follow-up where there is the potential for new general or professional members or Chapters.

Impact of COVID-19

Whilst the pandemic has forced the charity to adapt its day-to-day operations greatly, no financial impacts have been realised as a result.

Income continues to be received broadly as expected, adapted and new projects continue to be delivered, and membership and network benefits have shifted toward a greater online focus, which has allowed the charity to extend its international accessibility and reach. The trustees continue to monitor the impact of the pandemic and will adjust their assessment of risks accordingly.

8

INTBAU LTD

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

During the financial year ended 31 March 2021 INTBAU raised income of £102,111 (2020: £1,537,658) of which £14,188 (2020: £1,425,953) were restricted funds. The main source of income was private donations with contributions in income from projects and membership fees. Resources expended for the year totalled £613,278 (2020: £889,875).

At 31 March 2021 INTBAU had unrestricted reserves of £244,079 (2020: £257,217).

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

9

REPORT OF THE TRUSTEES (Continued) FOR THE YEAR ENDED 31 MARCH 2021

INTBAU LTD

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime in Part 15 of the Companies Act 2006.

Approved by the Trustees and signed on their behalf by:

Professor R Adam Trustee

Date: 29/03/2022

10

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF INTBAU LTD FOR THE YEAR ENDED 31 MARCH 2021

I report to the charity’s trustees on my examination of the accounts of INTBAU Ltd for the year ended 31 March 2021, which comprise the Statement of Financial Activities (including Income and Expenditure Account), the Balance Sheet and the related Notes.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145(5) (b) of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jonathan Healey FCA Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN9 1BE

Date: 29/03/2022

11

INTBAU LTD STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income from:
Donations
Charitable activities
Other income
Total income
2
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3
Net income & movement in funds
7
Reconciliation of funds:
Funds brought forward at 31 March 2020
Funds carried forward at 31 March 2021
11		 Unrestricted
Funds
2021
Restricted
Funds
2021
Total
Funds
2021
Total
Funds
2020
£
£
£
£
72,766
14,188
86,954
1,512,203
7,675
-
7,675
24,453
7,482
-
7,482
1,002
87,923
14,188
102,111
1,537,658
6,715
-
6,715
6,500
94,346
512,217
606,563
883,375
101,061 512,217613,278889,875
(13,138)
(498,029)
(511,167)
647,783
257,217
599,671
856,888209,105
244,079
101,642
345,721
856,888

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derives from continuing activities.

12

INTBAU LTD BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Fixed assets
Intangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
10
Net current assets
Total net assets
The funds of the charity:
General fund
Restricted funds
11		 2021
£
360
28,468
372,582
401,050
(55,689)
345,361
345,721
244,079
101,642
345,721		 2020
£
1,896
106,891
796,476
903,367
(48,375)
854,992
856,888
257,217
599,671
856,888

For the financial year ended 31 March 2021 the charitable company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in Part 15 of the Companies Act 2006.

The financial statements were approved by the Board of Trustees on 29 March 2022 and were signed on its behalf by:

Professor R Adam

Trustee

Company number: 6861677

13

INTBAU LTD STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities:
Net cash (used in) / from operating activities
A
Change in cash and cash equivalents for the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
A. Reconciliation of net income to net cash flow from operating
activities
Net (deficit) / income for the year
As per statement of financial activities
Adjustments for:
Amortisation charges
Decrease in debtors
Increase in creditors
Net cash (used in) / from operating activities		 2021
£
( 423,894)
( 423,894)
796,476
372,582
( 511,167)
1,536
78,423
7,314
( 423,894)		 2020
£
688,037
688,037
108,439
796,476
647,783
1,536
17,419
21,299
688,037

14

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation

The financial statements have been prepared in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

INTBAU Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted. Whilst the Covid-19 pandemic has forced the charity to adapt it's day to day activities, it has not created any material uncertainties regarding going concern. The financial statements are presented in Pounds Sterling, and are rounded to the nearest pound.

1.2 Company status

INTBAU Ltd is a charitable company limited by guarantee incorporated in England and Wales. The address of the registered office is 19-22 Charlotte Road, London, EC2A 3SG. At the balance sheet date the members of the company are the trustees named on page 1. The charity is controlled equally by the trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

1.3 Income recognition

Income is the amount derived from the provision of goods and services, and stated net of VAT.

Income is recognised when the charity is entitled to the funds, receipt is probable, and the amount can be quantified with reasonable accuracy. For donations and grants, this is usually on receipt. For event sponsorship this is deferred until the event itself. Where course fees or grants are received in advance of a service to be provided, the income is deferred until the charity is unconditionally entitled to it. Where the donor has specified the use of the money, income is treated as restricted funds and is matched against the related expenditure.

Where professional services have been donated to the charity, these have been quantified at the value they represent to the charity.

15

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies - continued

1.4 Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be measured or estimated reliably.

Expenditure is stated gross of irrecoverable VAT and has been classified under headings that aggregate all costs related to the category. Resources expended are analysed between the following headings:

Raising funds - representing the direct costs of raising funds.

Charitable activities - representing the direct costs of the operational charitable programmes, and the costs incurred to support the operational programmes.

Staff costs have been allocated on the basis of an estimate of time devoted by each member of staff to each area of activity. Support costs have been allocated across charitable activities on the basis of staff and direct costs.

1.5 Intangible fixed assets

Fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Website - 20% on cost

1.6 Debtors

Fees receivable are recognised at the settlement amount due. Prepayments are recognised at the invoiced cost prepaid.

1.7 Creditors

Creditors are recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. Creditors are recognised at their settlement value.

1.8 Financial instruments

The charity only has financial instruments of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

16

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies - continued

1.9 Fund accounting

The charity maintains two types of fund:

General unrestricted funds are those which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds are donations, sponsorship or grants given for a specific piece of work or area of activity, and are only matched against the costs of delivering that work or activity.

1.10 Foreign currency transactions

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets denominated in foreign currencies are translated at the rate ruling at the balance sheet date.

1.11 Pension contributions

The charity was making defined contributions into an employee private pension scheme in the year. Contributions have been charged to the statement of financial activities as they become payable in accordance with contract terms.

2 Income

Grants & donations
Charitable activities
ICTP and INTBAU membership fees
Summer School fees
Other income
Sales of books and notecards
Employment allowance claim
Other income
Total income		 2021
£
86,954
7,675
-
7,675
277
6,000
1,205
7,482
102,111		 2020
£
1,512,203
3,201
21,252
24,453
1,002
-
-
1,002
1,537,658

The prior period includes £1,425,953 of restricted donations for Spanish Projects.

17

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

3 Expenditure

Raising funds
Staff costs
Charitable activities costs
Events and projects
Spanish projects
ECCSA
Membership
World Congress
Total expenditure		 Staff costs
(Note 6)
Direct costs
(Note 4)
Support
costs
(Note 5)
£
£
£
18,789
-
2,043
10,762
501,455
55,692
-
-
-
5,336
-
580
10,739
-
1,168		 2021
£
6,715


Total
2021
£
20,832
567,909
-
5,916
11,907
606,563
613,278		 2020
£
6,500
Total
2020
£
43,808
826,282
9,360
3,925
-
45,626
501,455
59,482		 883,375
889,875

The prior period includes £844,328 of restricted expenditure for the Spanish and Italian Projects.

18

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4 Direct costs

Direct costs
Travel and subsistence
Stipend fees
Printing, postage & stationery
Consultancy fees
Marketing & promotions
Sundry expenses
Award prize money
Exhibition and events costs
World Congress expenses
Website & IT costs
Office costs
Bank charges
Exchange differences
Support costs
Staff costs
Staff training
Bookkeeping fees
Office costs
Travel and subsistence
Marketing & promotion
Amortisation
Exchange differences
Website & IT costs
Sundry expenses
Consultancy fees
Bad debt expense
Governance costs
Legal and professional fees
Accountancy fees
Audit fees
Examination fees		 2021
£
6,801
2,615
-
350,730
1,778
539
87,528
46,778
-
1,122
3,797
-
(233)
501,455
2021
£
27,280
37
2,266
10,679
42
-
1,536
(367)
4,378
3,293
426
6,186
35
806
-
2,884
59,482		 2020
£
147,915
92,413
121
262,900
1,103
82
88,246
148,134
912
524
-
666
39,344
782,360
2020
£
21,660
9
1,892
12,368
2,836
3,594
1,536
(607)
-
579
4,577
-
-
1,558
4,100
-
54,102

5 Support costs

19

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

6 Staff costs

Wages and salaries
National insurance
Employer's pension contributions
No employees earned over £60,000 during the period.
Management and administration
7
Net income
Net income is stated after charging:
Amortisation of fixed assets
Auditor's remuneration
Auditor's remuneration for non-audit services
Independent examination fee
Independent examiners accountancy fees
The average number of employees during the period, analysed by function, was:		 2021
£
72,818
3,652
3,151
79,621
2021
No.
2
2021
£
1,536
-
-
2,600
1,090		 2020
£
65,381
7,008
2,684
75,073
2020
No.
2
2020
£
1,536
4,100
1,558
-
-

Trustees are eligible to be reimbursed for travel and incidental expenses incurred in the performance of their duties, and during the year no trustee was reimbursed (2020: no trustee reimbursed). None of the trustees received any remuneration in the current or previous periods.

20

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

8 Intangible fixed assets

Cost
At 1 April 2020 and 31 March 2021
Amortisation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
9
Debtors
Prepayments and other debtors
10
Creditors: amounts falling due within one year
Accounts payable
Accruals and other creditors		 Website
£
12,200
10,304
1,536
11,840
360
1,896
2021
£
28,468
28,468
2021
£
50,419
5,270
55,689		 Total
£
12,200
10,304
1,536
11,840
360
1,896
2020
£
106,891
106,891
2020
£
23,497
24,878
48,375

21

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

11 Movement on funds

Current year
Restricted funds:
Spanish Projects
Unrestricted funds:
General fund
Total funds
Prior year
Restricted funds:
Spanish Projects
Italian Projects
Unrestricted funds:
General fund
Total funds		 1 April
2020
Income
Expenditure
Transfers
£
£
£
£
599,671
14,188
(512,217)
-
599,671
14,188
(512,217)
-
257,217
87,923
(101,061)
-
856,888
102,111
(613,278)
-
1 April
2019
Income
Expenditure
Transfers
£
£
£
£
-
1,425,953
(826,282)
-
18,046
-
(18,046)
-
18,046
1,425,953
(844,328)
-
191,059
111,705
(45,547)
-
209,105
1,537,658
(889,875)
-		 31 March
2021
£
101,642
101,642
244,079
345,721
31 March
2020
£
599,671
-
599,671
257,217
856,888

Spanish Projects represents five initiatives in Spain to preserve and promote traditional place-making and building arts, for which the charity is fiscal manager and a project supervisor.

Italian Projects is for the development of a pattern book for Amatrice, Italy.

22

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

12 Analysis of Net Assets Between Funds

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities
Related party transactions
Remuneration of key management		 Restricted Unrestricted
2021
2021
£
£
-
360
101,642
299,408
-
( 55,689)
101,642
244,079
Restricted Unrestricted
2020
2020
£
£
-
1,896
599,671
303,696
-
( 48,375)
599,671
257,217
2021
£
53,812		 Total
2021
£
360
401,050
( 55,689)
345,721
Total
2020
£
1,896
903,367
( 48,375)
856,888
2020
£
55,788

13 Related party transactions

There were no donations received from trustees during the year (2020: £1,500,388).

23