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2020-12-31-accounts

Vision for Asia Registered Charity Number: 1152345

VISION FOR ASIA

Trustees Annual Report and Accounts For the year ended 31[st] December 2020

Vision for Asia

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] December 2020

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Receipts and Payments 5
Statement of Assets and Liabilities 6
Notes to the Accounts 7

Vision for Asia

REPORT OF THE TRUSTEES for the year ended 31[st] December 2020

The trustees present their report and accounts for the year to 31[st] December 2020. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts

Objectives and Aims

The charity's objects are specifically restricted to the following:

We are involved in working with organisations in Asia to provide medical relief, water aid, education, support for poor and needy people, building projects, farming projects, vocational training courses, and supporting Christian pastors and evangelists.

Public benefit

The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.

Achievement and Performance

The year’s highlights were as follows:

Governance

Saleem Raza – Lahore Pakistan

Samuel Joshua – Andhra Pradesh, India

Chary Refugio – Dipolog City, Philippines

Page | 1

Vision for Asia

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2020

Saji Chacko – Kerala, India

Piyal Mondal – Kolkata, India

Robert Robie - Myanmar

Varun Tiswari – New Dehli, India

Varughese Mathew – Port Blair, Andaman Islands

Financial review

The trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show net outgoing resources for the year of of £23,422 (PY incoming £23,634) The total reserves at the year-end after accounting for unrealised losses /after revaluing investments of £0 (PY £0), stand

Page | 2

Vision for Asia

REPORT OF THE TRUSTEES

for the year ended 31[st] December 2020

at £8,973 (PY £32,395).

The charity’s principal source of funding is from donations and fund raising. Fund raising efforts by all supporters include ladies’ lunches, curry evenings, photographic presentations, jumble sales, Christmas bazaar, craft sales and local school table-top sales.

The key objective of the charity is to relieve poverty in the poorest areas Asia by providing practical relief to those in need, hardship and distress.

The Trust is committed to their objectives and aims and as the work enlarges the Trustees have adopted any policy to help them in their aims and objectives.

Reserves policy

Unrestricted reserves held at the year-end amounted to £789 (PY £4,242)

Structure, Governance and Management

Governing document

The charity is a Charitable Incorporated Organisation (converted) 17[th] May 2019

The directors of the company are also trustees for the purposes of charity law. The Trustees for the Charity were chosen carefully to draw on a breadth of experience from active local community leaders to managers of large retail outlets to give strength to the board on all aspects required to steer the charity and its aims forward.

Financial reports are presented to the board at each meeting. Minutes of each meeting are taken and subsequently distributed.

Reference and Administration Details
Registered name Registered Charity number
Vision for Asia 1152345
Principal address
Applegarth
Hills View
Braunton
Devon
EX33 2LA
Trustees
Name Position Appointments/Resignations
Marilyn Collins Chair
Maria Ruffhead
Susan Nightingale
Nicola Ross
Independent Examiner
Magnus Proctor FFA
Lindisfarne
Landkey Road
Barnstaple
EX32 9BW
Approved by the board of trustees on 2021 and signed on its behalf by:
.............................................
Marilyn Collins, Chair

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VISION FOR ASIA

Independent examiner's report to the trustees of Vision for Asia

I report to the charity trustees on my examination of the accounts of Vision for Asia (the Trust) for the year to 31[st] December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed:

Magnus Proctor FFA Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW

Date: 10[th] Febuary 2021

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Vision for Asia

RECEIPTS AND PAYMENTS for the year to 31[st] December 2020

Receipts
Donations and gifts
Investment income
Total receipts
Payments
Fundraising expenses
Charitable activities:
Child sponsorship
Pastor support
Christmas feeding
One child at a time
Ruparmari school
Relief
Water projects
Cycle repair
Exodus
Slaves
Myanmar Church
Bibles
Chary
Manipur
Leprosy
Support costs:
Accountancy fees
Charities insurance
Office costs
Resources
Conferences
Website
Travel costs
Professional charges
Total payments
Net receipts / (payments)
Reconciliation of funds
Transfer between funds
Total Funds brought forward
Total Funds carried forward
2020
2019
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
14,584
63,681
78,265
151,207
0
0
0
0
14,584
63,681
78,265
151,207
1,774
0
1,774
1,200
0
9,035
9,035
5,276
0
55,385
55,385
54,639
0
2,004
2,004
3,709
0
8,949
8,949
0
0
6,748
6,748
6,143
0
7,499
7,499
0
0
1,553
1,553
3,419
0
0
0
1,670
0
0
0
21,443
0
0
0
1,500
0
3,277
3,277
8,538
0
0
0
2,250
0
0
0
1,267
0
0
0
810
0
200
200
0
250
0
250
500
407
0
407
389
862
0
862
1,055
0
0
0
580
0
0
0
1,825
2,589
0
2,589
7,961
1,000
0
1,000
3,249
35
0
35
150
6,917
94,770
101,687
127,073
7,667
(31,089)
(23,422)
23,634
(11,120)
11,120
0
0
4,242
28,153
32,395
8,761
789
8,184
8,973
32,395

Page 5

Vision for Asia

STATEMENT OF ASSETS AND LIABILITIES At 31[st] December 2020

Fixed Assets
Current Assets
Debtors
Cash at bank
Current Liabilities
Creditors
Total Assets less Liabilities
2020
2019
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
0
0
0
0
0
0
0
0
789
8,184
8,973
32,395
(250)
0
(250)
(250)
529
8,184
8,723
32,145

The financial statements were approved by the Board of Trustees on 2021 and were signed on its behalf by:

............................................. Marilyn Collins, Chair

Page 6

Vision for Asia

NOTES TO THE ACCOUNTS

1. Accounting Policies

Basis of preparing the financial statements and assessment of going concern

These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charities.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2. Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.

3. Movement in Funds

Unrestricted Funds
General Fund
Restricted:
Child sponsorship
Pastor support
Projects
Total Funds
Unrestricted Funds
General Fund
Restricted:
Child sponsorship
Pastor support
Projects
Total Funds
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2020
31st Dec 2020
4,242
14,584
(6,917)
(11,120)
789
1,161
7,783
(9,035)
(242)
(334)
12,001
37,309
(55,385)
7,019
944
14,992
18,589
(30,350)
4,343
7,574
32,395
78,265
(101,687)
0
8,973
Balance
Income
Expenditure
Transfers
Balance
1st Jan 2019
31st Dec 2019
0
36,240
(16,909)
(15,089)
4,242
941
3,093
(5,276)
2,402
1,161
1,278
56,252
(54,639)
9,110
12,001
6,542
55,622
(50,749)
3,577
14,992
8,761
151,207
(127,573)
0
32,395

Page 7