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2020-12-31-accounts

Summary of the main
achievemenh
ofthe charity
during the year
IN SUMMARY THE CHARITY TRUSTEESARE PLEASED TO REPORT
THE FOLLOWING ACTIVITIES:
SOURCED, IMPLIMENTED AND MAINTAINED
PREMISES
ACROSS THE UK FROM WHICH ITWAS ABLE TO COMPLETE
ITS CHARITABLE ACTIVITIES
PROVIDED FREE BOOKS INTO COMMUNITIES
VIA OUR "GET
FREE BOOKS"SHOPS WHERE BOOKSARE GIVEN AWAY
FREE OF CHARGE TO MEMBERS OF THE PUBLIC
WORKED WITH A DEDICATED NETWORK OF SUPPORTERS
AND VOLUNTEERS
PROVIDED DONATIONS OF BOOKS AND EDUCATIONAL
MATERIALS TO SCHOOLS ACROSS THE UK
DELIVERED BOOKS AND READING MATERIALS DIRECTLY
TO THOSE MEMBERS OF OUR COMMUNITIES WHO FIND IT
CHALLENGING
TO ACCESS OUR FREE BOOKS SHOPS
COLLECTED, SORTED AND REDISTRIBUTED BOOKS AND
EDUCATIONAL
MATERIAL INTO UK COMMUNITIES
WITH THE HELP OF KIND DONATIONS, GETWERE ABLE TO
UTILISE THEIR OWN PROPERTY IN CARMARTHEN
AS A
"GETFREE BOOKS"SHOP SERVING THE LOCAL
COMMUNITY. THIS PROPERTY WAS PURCHASED WITH THE
INCREDIBLY KIND DONATIONS OF OUR WONDERFUL
VOLUNTEERS
PROVISION OF LIBRARY FACILITIES IN THE PHILLIPINES
AND AFGHANISTAN
GETSTRIVESTO ACCOMPLISH ITSGOAL OF DISTRIBUTING
OVER 1 MILLION FREE BOOKS TO COMMUN
ITIES IN THE
UK AND ABROAD
FOR FURTHER INFORMATION
ABOUT THE CHARITIES
ACTIVITIES, PLEASE SEEOUR WEBSITEAT
WWW GLOBALEDUCATIONALTRUST
ORG
Gtobai Educational Gtobai Educational Gtobai Educational Trust Chanty No (if 1144ggg
any) SC046627
Annual accounts for the eriod CC~Ta
Period start date 1.1.20 To Period end date 31.12.20
Restricted
Recommended
categories
by activity
Details ofown
analysis
e Unresirlcted
f~
income
funds
Endowment
funds
Tatsl this
year
Total last
year
E E K 6 E
Incoming resources (No
Incoming reeawcee
frmn
a3 F01 F02 F03 F04 F05
genwated
funds
Votunry
income
23,646 23,646 97,953
Actfvtees for gwwaero ttrsb 35100 84500
tnvsstnlsnt
clconle
Incoming reaawces
from
charitable
activities
336318 4250 340 568 114930
Other Incoming reeawcea 3081
Total incoming resources soa 399314
Resources expended (Notes 44)
Casts of Generating
Funds
costs crgenerarrc vauntery
income
23,646 97,953
Fundra sing tref na costs 134,820 134,820 40,824
Investment
management
costs
Charitable
activlges
S19 35,100 5,653 117,758
Governance casts S11 144734 144734 51964
Other reeawcea expended 312
Total resources arpended 313 338300 343953
Net Incomingl(ouigofng) resources before
aansfers S14 56764 - 1403 8035
Gross transfers
between
funds S15
Het incomingy(outgoing) resources befwe
offmr mcognised galnsy(fosses) sta 56764 - 1403
Other recognised
gains/(losses)
Gains and losses on revaluation of fixed assets
forthe charity'a
awn uae
317
Gains and losses on investment asaeta 319
Het movementin funds sla 56764 - 1403 55361 8035
Total funds brought fonaard
Total funds carried forward 56764 - 1403 8035
~
a
0 ~
8 c
4 Unrestrlctsd Income Endowment Total this Total last
funds funds funds year year
E E E 9 9
Fixed assets F01 F02 F03 F04 F05
Tangible assets (Note 9) 801 247500 247500 247 500
Investments (Note 10) 803
Total fixed assets 247,500 247,500 247500
Cuttent assets
Stock and work in progress 805 62000 62000 55000
Debtors (Note 11) 800
(Short tenn) investments 807
Cash at bank and in hand 808 59,044 59,044 3685
Total cunent assets 800 121,044 121,044 58685
Creditors: amounts falling due
within one year (Note 12) 810
Net current assetsl(liabllitiesj 811 121,044 121,044 58685
Total assets less cunent llabll/ties 812 121,044 247,500 368,544 306185
Creditors: amounts falling due after
one year
(Note
12) 813
Provisions for liabilities and charges 814
Net assets 818 121,044 247,500 368,544 306185
Funds ofthe Charity
Umestrlcted
funds
817
Restricted income funds (Nots 13) 818
Endowment
funds
(Nota 13) 819
Total funds 820
Signed by one or two
all the trustees
trustees on behalf of ignatura Print Name Date of
ap roval
Ar rm 27 Lt
Note 2 Accounting
policies
Accounting
policies
Accounting
policies
This standard
fist ofsccoundng policies bss been applied by the cfmrfty except fbr Nose dsieted.
Wham a diffbrsni
sddirionsi policy bss been adapted Ihen ibis is dsi'aired in Sebmr below.
or
INCOMING RESOURCES
Recoffnigon ofincominff
resources
These sre hduded
h the Statement of Financial Activities (SoFA)when:
~
the charitv becomes entified to the msources;
~
the hustees ars virtuallv
certain they will receive ths msources;
and
~
the monstani
value can be measumd
with sufficient
rsliabililv.
Incoming resoumes
related expenditure
with Whew incoming
resoumes have misted expenditure
(as with fundraising
orcontrsd
income) the
incoming
resources and related expenditum
are mported
gmss
in the SoFA.
Grants and donaffons Grants and donations
are only induded
in the SoFA when the charity has unconditional
entitlement
to the msources.
Tax reclaims on donagons
gffts
and Incomhg
msources
from tax mda'vns
are induded
in ths SoFA at the same t'vne as the gift to
which they relate.
Contractual
income and
performance
related grants
This is only induded
in the SoFA once the related goods or services have been delivered.
Gifts in kind Giffs in kind ars accounted
for ata reasonable
estimate oftheir value to the charity or the amount
actually malised.
Gifts in kind forsale or disbibution
are nduded
h ths accounts as gifts only when sold or
diskibuted
by the charity.
Giffs in kind forces by the charity ars induded
in the SoFA as incoming
msources
when
receivable.
Donated services and fscillges These ars only induded
in inconmg
resources
(with an equivalent
amount
in resources expended)
whew the benefit to the charity
is reasonably
quantiTwble,
measumble
and material.
The value
placed on these rssoumes
is the estimated
value to the charity ofthe service or facility received.
Volunteer
help
The value ofany voluntary
help received
is not hduded
in the accounts but is described
trustees'
annual
report.
in the
Invesbnent
income
This is hduded
h the accounts when receivable.
Investment
gains and
losses This indudes
any gain or loss on the sale of investments
and any gain or loss resulting
from
revaluing
nvestments
to market value at the end ofthe year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities am recognised as soon as there isa legal orconstructive
obligation
committing
the
charity to pay out resources.
Governance
costs
Indude costs ofthe preparation
and examination
ofstatutory accounts, the costs oftrustee
meetings
and cost of any legal advice to trustees on governance
or constitutional
matters.
Grarris with perfonnance
condifions
Where the charity gives a grant with condffhns
for Its payment
being a specific level of service or
output to be provided.
such gmnts are only recognised h the SoFA once the recipient ofthe grant
has pmvided
the speciTied service oroutput.
Grants payable
without
perfonnance
conditions
Support Costs
ASSETS
These are only recognised
in the accounts when a commitment
has been made and there ars no
conditions
to be met misting
to the grant which rsmah h the control ofthe charity.
Support costs indude
central functions and have been allocated to activity cost categories on a
basis consistent
with the use ofresources, eg allocating
properly costs by floor areas, orper
capita, staff costs by the time spent and other costs by their usage.
Tangible fixed assets
by charity
for use These are capitalised
ifthey can be used for mom than one year, and cost at least 0500.
are valued at cost ora reasonable
value on mceipt.
They
Invesbnenls Investments
quoted on a recognised
stock exchange ars valued at market value at the year end.
Other investment
assets am induded at trustees' best estinats of market value.
Stocks and work in progress These an. valued at the lowerof cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE
This year Last year
Ana is 6 6
Voluntary income 3,020vdunteer hours x 67.83 23646 97953
Total 23646 97953
Activities for generating funds 330,000(books donated) x 10pper book 33000 78500
Goods donated 2 100
Total
Investment income
Total
Incoming resources fmm Restrictedfundsfor r eof
charitable activities Donations - Restricted funds 4250 37525
Donations - None Restricted funds 336318 77405
Rates rebate 3081
Total 340 568 118011
Nate 4 Analysis ofresources Analysis ofresources expended expended
Resources expended may befurther analysed ifthis would help the wader ofthe accounts.
This year Last year
Ana is 8 E
Costs ofgenerating Vduniser hours worked 23646 97953
voluntary income
Total 23646 97953
Fundraising trading Insurance Bank Char s Stations 3136 3119
costs Rates and
S
F''
UtiTibes 26406 13205
10654
Trans
rt
and Travel 5970 5792
Administration 3145 8054
Total 40824
Investment
management costs
Total
Charitable activities 785 000books distributed at 1 book 78500
Donations cut 5653 33258
Total 111758
Governance costs Professional fess and ex ndilure 144734 51964
Total 144734 51964

Fundraising acavity Charnabie Activity Governance Acavity To/xi Cost
Su ort cost e 6 6
Total

This year Last year
6 6
independent examiner's orauditors' fees for reporting on the
accounts
Other fees (forexample: advice, consultancy, accountancy services)
paid tothe independent examiner orauditor

Grants to Grants to Grants to
institutions individuals
Pu osefor which rants made Total amount 8 Total amount 8
Education 2 000
Education Acc Mus
Char'
Fum Rec clin
193.00
Education 1,500
Charity (Fishes ofMen)
Education 160
Total 1,893 3,980

Freehold land Freehold land Cuber land a Plant, Fixtures, Psymeras on Total
&buildings buildings machinery and grange snd accountsnd
motor vehicles equipment assets under
constndon
Balance brought 247,500 247,500
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried forward 247,500 247,500
9.2Accumulated depreciation and impairment provisions
Basis SL or RB SLor RB SLor RB SLor RB SLor RB
Rate
Balance brought
forward
Depreciation charge for
year
impairment provisions
Revaluations
Disposals
Transfers*
Balance carried forward
9.3Net book value
Brought forward 247,500 247,500
Carried forward 247,500 247,500

Analysis ofinvestmenb' Analysis ofinvestmenb' 10.2 10.3
Market value at Income from
year end invesanents for
the year
R
Investment properties
Investments listed on arecognised stock exchange or held in common investment
funds, open ended investment companies, unit trusts orother collective
investment schemes
Investments in subsidiary orconnected undertakings and companies
Securities not listed on a recognised Stock Exchange
Cash held as part ofthe investment portfolio
Other investments

Phwse complete this note ifthe charity has any Phwse complete this note ifthe charity has any Phwse complete this note ifthe charity has any dehtom or a ents.
Analysis ofdebtom Amounts falling due
one year
within Amounts
falling due after
more than one year
This year Last year
f
This year Last year
R
Trade debtors
Amounts
due
from subsidiary and associated
undertakings
Other debtors
Prspayments and accrued Income
Total

Amounts falling due within falling due within Amounts falling due after falling due after
one year mors than one year
This year Last year This year Last year
R R
Loans snd overdrafts
Trade creditors
Amounts due to subsidiary and associated undertakings
Other creditors
Accruals snd defensd income
Total

Fund Fund
balances balances
bmught Incoming Outgoing Gains and cerned
forward resources resources Transfers losses forwanl
Fund names E E E E E E
TotalFunds

Name of trustee or connected party Legal authority
(eg order,
governing
document)
This year
E
Last year
R
Amounts
paid or benefit value

Name oftrustee or
connected
party
Legal authority This year
Amount
Last year
owing
E E