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2023-03-31-accounts

Company number 6861677 Charity number 1132362

INTBAU LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

INTBAU LTD

CONTENTS

Report of the Trustees 1
Independent Auditor’s Report 10
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Financial Statements 17

INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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

Royal Founding Patron

The former Prince of Wales

Trustees

R Adam (resigned 19/10/2022) C Aslet M R Gunn T Jele ń ski (appointed 21/12/2022) The Rt Hon Lord N Lamont A Sagharchi T Abernathy (appointed 21/04/2023) M Cusato (appointed 21/04/2023) Dr A I Kahera (appointed 21/04/2023)

Company Secretary

E H H Wennberg

Independent Auditor

Bankers

Lindeyer Francis Ferguson Limited North House, 198 High Street Tonbridge Kent TN9 1BE

Barclays Bank Plc

Moorgate Branch 128 Moorgate London EC2M 6SX

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

INTBAU LTD

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 fundraising, educational, or business experience.

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 approve 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 41 Chapters) is formed of one representative of each Chapter. It is an advisory body which takes active interest and leadership in policy, strategy, and INTBAU’s mission, vision, and activity. The College of Chapters is led by a Management Team, and its Chair serves de facto as a Trustee of INTBAU.

The INTBAU Chapters are separate legal entities, established in the countries where they operate. The balances and disclosures contained in these financial statements are for the charitable company only and are not consolidated with (any of) the Chapters.

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.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Any risk facing the charity is also raised and discussed at quarterly Trustees meetings throughout the year.

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.

Activities

The activities of the charity are:

Events and projects - INTBAU organises a range of events and projects across its network each year, as a way of bringing people together to learn and achieve practical outcomes. These include summer schools, workshops, conferences, seminars, webinars, exhibitions, competitions, and scholarships.

Spanish projects - INTBAU’s chapter in Spain runs a series of annual projects focused on architectural and building traditions across the Iberian peninsula. These include awards, design competitions, apprenticeships, a seminar, a journal, and a summer school.

Membership - As a network, membership is a fundamental part of INTBAU’s structure and activities. We offer free general membership to anyone who agrees with the principles in our Charter. Professional membership is peer-reviewed, with a group for established practitioners in architecture, craft, academia, and urban design, and another for emerging practitioners.

World Congress - The INTBAU World Congress is a biennial event that has run since 2015, as a forum for discussion of the most pressing issues facing the built environment in communities around the world. These events are organised as a conference with a series of side events and accompanying

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

awards, with programmes designed to expand the reach of INTBAU’s audience and to increase awareness and understanding of the essential role traditional building, architecture, and urbanism can play in addressing the three biggest challenges affecting the built environment: namely, rapid urbanisation, globalisation, and climate change

ACHIEVEMENTS AND PERFORMANCE

In the 2022/23 financial year, INTBAU remained financially stable while continuing established activities and developing several new initiatives.

INTBAU’s main projects:

Award for Emerging Excellence in the Classical Tradition

INTBAU partnered with the King’s Foundation and the Institute of Classical Architecture & Art on the fourth 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.

Architecture Challenge

In 2021 INTBAU launched this design competition for houses that advance, adapt, and update local building traditions better to meet 21[st] century needs, and to respond to the challenges of climate and the need to reduce the built environment’s carbon footprint. The Challenge webinar series continued until January 2023. The competition submission final deadline was in May 2023.

Gender Ecologies Live Builds

INTBAU received a significant Gender Grant from the British Council to bring together a group of female architecture students from Pakistan, Bangladesh, and across the UK to build, from start to finish, a bamboo and textile pavilion on Granary Square in London, followed by reassembly in the gardens at Highgrove in Gloucestershire.

The Architecture of Place: In Conversation With…

INTBAU partnered with the Institute of Classical Architecture & Art and the King’s Foundation to deliver a series of seven high-level talks on architecture and urban design, specifically targeted at architecture students and young professionals. For this third series, three speakers took it in turns to be both interviewer and interviewee, engaging each other in conversation on their early life, study, and career working in the traditional built environment.

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

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2022, the Rafael Manzano Summer School took place in the Portuguese Azores.

INTBAU Netherlands Summer School: Let’s Build a Beautiful City

Based in Utrecht and focused on traditional urban design, this three-week programme was open to architects, planners, and anyone with an interest in the subject, from across INTBAU’s international network. Practical design exercises took place alongside study tours, drawing exercises, and lectures.

INTBAU Belgium Summer School

In association with La Table Ronde de l’Architecture, INTBAU Belgium hosted a four-week summer school for students and practitioners. Open to students from high school age upwards, the programme was based in Bruges and involved in-depth study of the city and region’s traditional architecture, drawing exercises, lectures from noted professionals, and practical design exercises.

Policy on Reserves

It is the charity’s policy to maintain sufficient unrestricted reserves to cover six months’ overhead expenditure. At 31 March 2023 there was an unrestricted free reserves balance of £134,590 (2022: £156,423) (unrestricted funds excluding fixed assets). Funds in excess of the policy on reserves are currently being maintained in anticipation of projects in 2023/24.

Principal Sources of Funding

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

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

INTBAU LTD

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.

FUTURE PLANS

In addition to continuing annual projects, INTBAU will plan the following in 2023/24.

Climate Volunteers Workshops

With funding from the Jeffrey Cook Charitable Trust, INTBAU, INTBAU Pakistan, and the Heritage Foundation of Pakistan will collaborate on the delivery of a series of workshops for international and Pakistani participants in Pono Village, Sindh, focused on the adaptation of local materials and traditional techniques to create resilient communities.

Architecture Challenge

Launched in 2021, the Architecture Challenge will conclude in May 2023 with the selection of winning entries. An online exhibition of winning and shortlisted designs will follow through the intbau.org website.

Grassroots Grants

INTBAU will launch a £25,000 small grants programmes for ideas from individuals and groups that are focused on harnessing the power of traditional building, architecture, and urbanism to improve built

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

environments in line with 21[st] century needs, around the world. Up to five grants of up to £5,000 will be awarded. A selection panel will be formed of representatives of INTBAU’s Chapters and Board of Trustees.

Chapter Grants

INTBAU will allocate £15,000 to a small grants fund to which Chapters will be eligible to apply, for amounts up to £2,500 in support of an idea that will further INTBAU’s mission and their Chapter’s presence on the ground.

Summer Schools in Utrecht and Bruges

Programmes in the Netherlands and Belgium will run for three and seven weeks respectively, focused on theory and practical design exercises related to the architecture and urbanism of Utrecht and Bruges. INTBAU intends to provide bursaries to support a greater diversity of participants in both summer schools.

Architecture of Place: In Conversation With…

A fourth series of webinars will take place in partnership with the ICAA and the King’s Foundation in interview format.

Award for Emerging Excellence in the Classical Tradition

The next annual award will be presented to a young practitioner, in partnership with the ICAA and the King’s Foundation. This opportunity is particularly key to INTBAU’s Young Practitioners group. The recipient will automatically be accepted into this peer-reviewed group.

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

INTBAU will continue to support its chapters to organise three projects in Spain and Portugal: the Richard H Driehaus Architecture Competition; the Manzano Prize for New Traditional Architecture; and the Building Arts Awards and associated Donald Gray Apprenticeship.

FINANCIAL REVIEW

During the financial year ended 31 March 2023 INTBAU raised income of £1,185,561 (2022: £574,510) of which £1,087,502 (2022: £508,027) were restricted funds. The main source of income was private donations with contributions in income from projects and membership fees. There has been a large increase in income this year due to the receipt of 2 years’ worth of the annual grant towards the Spanish projects. Resources expended for the year totalled £560,582 (2022: £699,534).

At 31 March 2023 INTBAU had unrestricted reserves of £134,590 (2022: £156,423).

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

INTBAU LTD

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.

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.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Approved by the Trustees and signed on their behalf by:

Alireza Sagharchi Chair

Date: 26 January 2024

9

INTBAU LTD INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of INTBAU Ltd (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report where:

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially

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INTBAU LTD

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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INTBAU LTD

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We obtained an understanding of the legal and regulatory framework applicable to the preparation of the financial statements of the charity, and the procedures that management adopt to ensure compliance. We have considered the extent to which non-compliance might have a material effect on the financial statements, and in particular we identified: the Companies Act 2006, FRS102, and the Charities SORP.

We have also identified other laws and regulations that do not have a direct effect on the amounts or disclosures within the financial statements, but for which compliance is fundamental to the charity’s operations and to avoid material penalties, including GDPR, health and safety and employment law.

Having reviewed the laws and regulations applicable to the charity, we designed and performed audit procedures to obtain sufficient appropriate audit evidence. Specifically, we:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including considering how fraud might occur. This was performed by:

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INTBAU LTD

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The audit has been planned and performed in in accordance with auditing standards, however, because of the inherent limitations of audit procedures there remains a risk that we will not detect all irregularities, including those that may lead to material misstatements in the financial statements. There are inherent difficulties in detecting irregularities, and irregularities that result from fraud may be more difficult to detect than irregularities that result from error, for example due to concealment, override of controls, collusion or misrepresentations. In addition, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less audit procedures are able to identify it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Other matters

The prior period financial statements and the corresponding comparative figures included within these financial statements were not audited.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and, the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Healey BA FCA Senior Statutory Auditor

For and on behalf of: Lindeyer Francis Ferguson Limited Statutory Auditors Chartered Accountants

North House 198 High Street Tonbridge Kent TN9 1BE

Date: 29 January 2024

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

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Income from:
Donations
Charitable activities
Other income
Total income
2
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3
Net income/ (expenditure)
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Funds brought forward at 31 March 2022
Funds carried forward at 31 March 2023
11		 Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
£
£
£
£
82,852
1,087,502
1,170,354
527,527
15,049
-
15,049
46,304
158
-
158
679
98,059
1,087,502
1,185,561
574,510
9,305
-
9,305
9,580
109,587
441,690
551,277
689,954
118,892 441,690560,582699,534
(20,833)
645,812
624,979
(125,024)
(1,000)
1,000
-
-
(21,833)
646,812
624,979
(125,024)
156,423
64,274
220,697345,721
134,590
711,086
845,676
220,697

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

All income and expenditure derives from continuing activities.

14

INTBAU LTD BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2023

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		 2023
£
-
721,056
208,261
929,317
(83,641)
845,676
845,676
134,590
711,086
845,676		 2022
£
-
35,171
223,420
258,591
(37,894)
220,697
220,697
156,423
64,274
220,697

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 26 January 2024 and were signed on its behalf by:

Alireza Sagharchi

Chair of the Board of Trustees

Company number: 6861677

15

INTBAU LTD STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities:
Net cash used in 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 surplus /(deficit) for the year
As per statement of financial activities
Adjustments for:
Amortisation charges
Increase in debtors
Increase/(decrease) in creditors
Net cash used in operating activities		 2023
£
( 15,159)
( 15,159)
223,420
208,261
624,979
-
( 685,885)
45,747
( 15,159)		 2022
£
( 149,162)
( 149,162)
372,582
223,420
( 125,024)
360
( 6,703)
( 17,795)
( 149,162)

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INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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).

The financial statements are presented in Pounds Sterling, and are rounded to the nearest pound.

1.2 Going concern

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

1.3 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.

1.4 Income recognition

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

Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal offer is made in writing, unless the grant contains terms and conditions outside of the charity's control which must be met before the charity is entitled to the funds. 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.

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FOR THE YEAR ENDED 31 MARCH 2023

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies - continued

1.5 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.

1.6 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

1.7 Debtors

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

1.8 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.

1.9 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.

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INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies - continued

1.10 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.

1.11 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.

1.12 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
RIBA - Webinar support
Congress Income
Other income
Sales of books and notecards
Other income
Total income		 2023
£
1,170,354
10,050
4,999
-
-		 2022
£
527,527
11,700
1,424
28,961
4,219
15,049
158
-		 46,304
691
(12)
158 679
1,185,561 574,510

The prior period includes £484,457 of restricted donations for Spanish Projects.

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INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

3 Expenditure

Raising funds
Staff costs
Charitable activities costs
Events and projects
Spanish projects
Membership
World Congress
Total expenditure		 Staff costs
(Note 6)
Direct costs
(Note 4)
Support
costs
(Note 5)
£
£
£
31,344
76,170
12,911
6,203
366,073
44,706
12,142
-
1,458
241
-
29		 2023
£
9,305		 2022
£
9,580


Total
2023
£
120,425
416,982
13,600
270		 Total
2022
£
28,319
606,053
10,566
45,015
49,930
442,243
59,104		 551,277 689,954
560,582 699,534

The prior period includes £545,395 of restricted expenditure.

20

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4 Direct costs

4
Direct costs
Travel and subsistence
Consultancy fees
Marketing & promotions
Sundry expenses
Award prize money
Exhibition and events costs
World Congress expenses
British Council expenses
Architecture Challenge expenses
Website & IT costs
Office costs
Exchange differences
5
Support costs
Staff costs
Bookkeeping fees
Office costs
Travel and subsistence
Exhibition and events costs
World Congress expenses
Marketing & promotions
Amortisation
Exchange differences
Website & IT costs
Sundry expenses
Consultancy fees
Bad debt expense
Governance costs
Legal and professional fees
Accountancy fees
Examination fees
Audit fees		 2023
£
32,805
252,405
1,487
230
57,866
19,631
4,742
58,713
5,000
8,125
1,076
163		 2022
£
22,283
306,610
1,229
10,406
104,114
89,063
29,016
-
-
2,270
1,138
393
442,243 566,520
2023
£
32,428
2,250
4,762
1,133
103
-
1,670
-
(3,705)
5,508
4,930
650
-
35
3,340
-
6,000		 2022
£
29,914
2,584
6,632
5,307
6,290
-
139
360
(1,627)
7,856
1,473
4,791
2,050
35
816
3,080
-
59,104 69,700

21

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

6
Staff costs
2023
£
Wages and salaries
83,688
National insurance
4,393
Employer's pension contributions
3,582
91,663
No employees earned over £60,000 during the period.
2023
No.
Management and administration
2
7
Net income/(expenditure)
2023
£
Net income/(expenditure) is stated after charging:
Amortisation of intangible assets
-
Independent examination fee
-
Independent examiners accountancy fees
-
Auditor's remuneration for audit services
6,000
Auditor's remuneration for non-audit services
3,340
The average number of employees during the period, analysed by
function, was:		 2023
£
83,688
4,393
3,582		 2022
£
85,083
4,792
3,352
91,663 93,227
2022
No.
3
2023
£
-
-
-
6,000
3,340		 2022
£
360
3,080
816
-
-

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 (2022: no trustee reimbursed). None of the trustees received any remuneration in the current or previous periods.

22

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

8 Intangible fixed assets

8
Intangible fixed assets
Cost
At 1 April 2022 and 31 March 2023
Amortisation
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
9
Debtors
Trade debtors
Accrued income
Prepayments
Other debtors
10
Creditors: amounts falling due within one year
Accounts payable
Accruals and deferred income
Other creditors		 Website
£
12,200		 Total
£
12,200
12,200 12,200
12,200 12,200
12,200 12,200
- -
- -
2023
£
8,785
710,584
1,687
-		 2022
£
26,713
5,570
705
2,183
721,056 35,171
2023
£
23,866
56,236
3,539		 2022
£
32,077
3,080
2,737
83,641 37,894

23

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Deferred income included above:

erred income included above:
Brought forward
Released in year
Incoming resources deferred in current period		 2023
£
-
-
40,426		 2022
£
-
-
-
40,426 -

Deferred income relates to grants where there is an implied time constraint in the grant agreement and therefore income is recognised over the budgeted timescale.

11 Movement on funds

Current year
Restricted funds:
Spanish Projects
British Council - Gender
grants
Architecture Challenge
Unrestricted funds:
General fund
Total funds		 1 April
2022
Income
Expenditure
Transfers
£
£
£
£
41,270
1,033,502
(372,276)
-
23,004
50,000
(64,414)
-
-
4,000
(5,000)
1,000		 31 March
2023
£
702,496
8,590
-
64,274
1,087,502
(441,690)
1,000		 711,086
156,423
98,059
(118,892)
(1,000)		 134,590
220,697
1,185,561
(560,582)
-		 845,676

24

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

11 Movement on funds - continued

Prior year
Restricted funds:
Spanish Projects
British Council - Gender
grants
Unrestricted funds:
General fund
Total funds		 1 April
2021
Income
Expenditure
Transfers
£
£
£
£
101,642
484,457
(544,829)
-
-
23,570
(566)
-		 31 March
2022
£
41,270
23,004
101,642
508,027
(545,395)
-		 64,274
244,079
66,483
(154,139)
-		 156,423
345,721
574,510
(699,534)
-		 220,697

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.

British Council - Funds were received for the Gender Grants project. This project is undertaken to review and support the role of women in architecture and its related industries.

Architecture Challenge - Funding was received from Stanhope Gate Architecture, Alireza and Mina Sagharchi, and Size Group to support a design competition for houses that advance, adapt, and update local building traditions to meet 21st century needs. The funding was used to pay for staff time spent running the initiative, branding and promotions (including the creation of a website and an online exhibition of winning and commended entries), and prize money.

25

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

12 Analysis of Net Assets Between Funds

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities
13
Related party transactions
Remuneration of key management		 Restricted Unrestricted
2023
2023
£
£
-
-
711,086
218,231
-
( 83,641)		 Total
2023
£
-
929,317
( 83,641)
711,086
134,590		 845,676
Restricted Unrestricted
2022
2022
£
£
-
-
64,274
194,317
-
( 37,894)		 Total
2022
£
-
258,591
( 37,894)
64,274
156,423		 220,697
2023
£
55,613		 2022
£
54,239

The key management personnel are considered to be the trustees and the Executive Director.

No trustee expenses (2022: £511 travel expenses) were reimbursed during the year.

26