|Contents ofthe Financial Statements|Contents ofthe Financial Statements||||
|---|---|---|---|---|
|for|the Year Ended 31December 2020||||
||||Page||
|Report ofthe Trustees||1|to|9|
|Independent<br>Examiner's|Report||10||
|Statement ofFinancial Activities|||||
|Balance Sheet||12|to|13|
|Cash Flow Statement|||14||
|Notes tothe Cash Flow|Statement||15||
|Notes tothe Finandal Statements||16|to|29|
|Detailed Statement ofFinancial Activities||26|to|27|





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|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|E|E|E|E|
|INCOME AND|ENDOWMENTS|FROM||||||
|Donations<br>and|legacies||2|313,354|253,871|567,225|299,573|
|Other trading|activities||3|13,074||13,074|45,264|
|Investment<br>income|||4|21||21|51|
|Total||||326,449|253,871|580,320|344,888|
|EXPENDITURE|ON|||||||
|Raising funds|||5|7,293||7,293|9,598|
|Charitable<br>activities|||6|||||
|UK Activities||||101,567|38,987|140,554|142,987|
|Philippine<br>Activities||||152,534|198,900|351,434|208,780|
|Total||||261,394|237,887|499,281|361,365|
|NET INCOME/(EXPENDITURE)||||65,055|15,984|81,039|(16,477)|
|Transfers<br>between funds|||17|7,070|(7,070)|||
|Net movement|in funds|||72,125|8,914|81,039|(16,477]|
|RECONCIUATION<br>OF FUNDS||||||||
|Total funds brought forward||||57,404|8,357|65,761|82,238|
|TOTAL FUNDS|CARRIED FORWARD|||129,529|17,271|146,800|65,761|





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|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|6|6|E|E|
|FIXEDASSETS||||||
|Tangible assets|13|2232||2,232|2,976|
|CURRENT ASSETS||||||
|Stocks|14|20,656||20,656|25,172|
|Debtors|15|3,151||3,151|2,556|
|Cash at bank||110,391|17,271|127,662|40,728|
|||134,198|17,271|151,469|68,456|
|CREDITORS||||||
|Amounts<br>falling due within one year|16|(6,901)||(6,901)|(5,671)|
|NET CURRENT ASSETS||127,297|17,271|144,568|62,785|
|TOTAL ASSETS LESSCURRENT LIABILIIIES||129,529|17,271|146,800|65,761|
|||129,529|17,271|146,800|65,761|
|FUNDS|17|||||
|Unrestricted<br>funds||||129,529|57,404|
|Restricted funds||||17,271|8,357|
|TOTAL FUNDS||||146,800|65,761|





## 

|||||Cash Flow|Statement|||
|---|---|---|---|---|---|---|---|
|||||forthe Year End|31Decemb|r2020||
|||||||31.12.20|31.12.19|
|||||Notes||6|6|
|Cash flows from|operating|activities||||||
|Cash generated|from operations|||||86,913|(52,679)|
|Net cash provided<br>by/(used||in) operating||activities||86,913|(52,679)|
|Cash flows from|investing|activities||||||
|Purchase oftangible fixed||assets|||||(1,105)|
|Interest received||||||21|51|
|Net cash provided<br>by/(used||in) investing||activities||21|(1,054)|
|Change<br>in cash and cash equivalents|||in|the||||
|reporting<br>period||||||86,934|(53,733)|
|Cash and cash equivalents||atthe beginning||||||
|ofthe reporting|period|||||40,728|94,461|
|Cash and cash equivalents||atthe end|ofthe|||||
|reporting<br>period||||||127,662|40,728|





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|RECONCILIATION|OF NET INCOME/(EXPENDITURE)|OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING ACTIVITIES||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|||||E|E|
|Net income/(expenditure)||forthe reporting period|(as per the Statement|||
|ofFinancial Activities)||||81,039|(16,477)|
|Ad]ustments<br>for:||||||
|Depreciation<br>charges||||744|624|
|Interest received||||(21)|(51)|
|Decrease/(increase)|in stocks|||4,516|(12,002)|
|(Increase)/decrease|in debtors|||(595)|424|
|Increase/(decrease)|in creditors|||1,230|(25,197)|
|Net cash provided|by/(used|in) operations||86,913|(52,679)|



## 

|ANALYSIS OFCHANGES|IN NET FUNDS||||
|---|---|---|---|---|
|||At1.1.20|Cash flow|AL'31.12.20|
|||E|E|E|
|Net cash|||||
|Cash at bank||40,728|86,934|127,662|
|||40,728|86,934|127,662|
|Total||40,728|86,934|127,662|





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||||||Notes tothe Financial Statements - continued|||
|---|---|---|---|---|---|---|---|
||||||forthe Year Ended 31December 2020|||
|2.|DONATIONS|AND LEGAOES||||||
|||||||31.12.20|31.12.19|
|||||||f|E|
||Donations|||||357,980|213,814|
||Gift aid|||||31,464|24,625|
||Grants|||||177,781|61,134|
|||||||567,225|299,573|
||Grants received, included|||in|the above, are asfollows:|||
|||||||31.12.20|31.12.19|
|||||||E|E|
||Furlough grant|||||19,749||
||Trust and Foundation||grants|||158,032|61,134|
|||||||177,781|61,134|
|3.|OTHER TRADING ACTIVITIES|||||||
|||||||31.12.20|31.12.19|
|||||||f|f|
||Product sales|||||13,074|45,264|
|4.|INVESllVIENT|INCOME||||||
|||||||31.12.20|31.12.19|
|||||||E|E|
||Deposit account interest|||||21|51|





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|Raising donations|Raising donations|and legacies|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||E|E|
|Event cos'ts||||1,558|
|Other trading activities|||||
||||31.12.20|31.12.19|
||||6|E|
|Opening stock|||25,171|13,170|
|Purchases|||471|1,156|
|Closing stock|||(20,655)|(25,172)|
|Staff costs|||2,276|18,646|
|Commission|||30|240|
||||7,293|8,040|
|Aggregate|amounts||7,293|9,598|



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|CHARITAB|LE ACllVITIES COSTS|||||
|---|---|---|---|---|---|
||||Grant|||
||||funding of|||
||||activhles|Support||
|||Direct|(see note|costs (see||
|||Costs<br>E|7)f|note 8)<br>E|Totals<br>E|
|UKActivities||126,757||13,797|140,554|
|Philippine|Activities||351,434||351,434|
|||126,757|351,434|13,797|491,988|





|7.|GRANTS PAYABEE|||||||
|---|---|---|---|---|---|---|---|
|||||||31.12.20|31.12.19|
|||||||E|E|
||Philippine<br>Activities|||||351,434|207,759|
||The total grants paid to|institutions||during the year was asfollows:||||
|||||||31.12.20|31.12.19|
|||||||E|E|
||Upskills|||||351,434|207,759|
|8.|SUPPORT COSTS|||||||
|||||||Governance||
||||||Other|costs|Totals|
||||||E|E|E|
||UK Activities||||9,925|3,872|13,797|
|9.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)|is|stated|after charlfing/(crediting):||||
|||||||31.12.20|31.12.19|
|||||||E|f|
||Depreciation<br>-owned assets|||||744|624|
|10.|TRUSTEES' REMUNERATION||AND|BENEFITS||||





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|11.|STAFFCOSiS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.20|31.12.19|
|||||||||f|E|
||Wages and salaries|||||||99,170|111,339|
||Social security|costs||||||5,273|7,396|
||Other pension|costs||||||1,100|1,309|
|||||||||105,543|120,044|
||The average monthly||number|ofemployees||during the year was as|follows:|||
|||||||||31.12.20|31.12.19|
||UK office staff|||||||4|5|
||No employees|received emoluments|||in excess ofE60,000.|||||
|12.|COMPARATIVES FORTHE STATEMENT OF|||||FINANCIAL ACIIVITIES||||
||||||||Unrestdcted|Restricted|Total|
||||||||fund|funds|funds|
||||||||E|E|E|
||INCOME AND|ENDOWMENTS||FROM||||||
||Donations<br>and|legacies|||||52,602|246,971|299,573|
||Other trading|activities|||||45,264||45,264|
||Investment<br>income||||||51||51|
||Total||||||97,917|246,971|344,888|
||EXPENDITURE|ON||||||||
||Raising funds||||||9,598||9,598|
||Charitable<br>activities|||||||||
||UK Activities||||||43,367|99,620|142,987|
||Philippine<br>Activities|||||||208,780|208,780|
||Total||||||52,965|308,400|361,365|
||NET INCOME/(EXPENDITURE)||||||44,952|(61,429)|(16,477)|
||Transfers between funds||||||(47,826)|47,826||
||Net movement|in funds|||||(2,874)|(13,603)|(16,477)|
||RECONCIUATION<br>OF FUNDS|||||||||
||Total funds brought forward||||||60,278|21,960|82,238|





|||Notes tothe Financial Statements -continued|Notes tothe Financial Statements -continued||||
|---|---|---|---|---|---|---|
|||for the Year Ended 31December 2020|||||
|12.|COMPARAllVES|FOR THE STATEMENl'OF FINANCIAL ACllVITIES - continued|||||
|||Unrestdicted||Restdieted||Total|
||||fund|funds||funds|
||||E||E|E|
||TOTAL FUNDS CARRIED FORWARD||57,404||8,357|65,761|
|13.|TANGIBLE FDIEDASSETS||||||
|||||||Computer|
|||||||equipment<br>f|
||COST||||||
||At 1January 2020 and 31December 2020|||||6,224|
||DEPRECIATION||||||
||At 1January 2020|||||3,248|
||Chargeforyear|||||744|
||At31December 2020|||||3,992|
||NET BOOK VALUE||||||
||At31December 2020|||||2,232|
||At31December 2019|||||2,976|
|1*|STOCKS||||||
|||||31.12.20||31.12.19|
|||||E||6|
||Stocks|||20,656||25,172|
|15,|DEBTORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR||||||
|||||31.12.20||31.12.19|
|||||E||E|
||Other debtors|||2,609||1,951|
||Prepayments|||542||605|
|||||3,151||2,556|






## 

|16.|CREDI|TORS: AMOUNTS FAILING|DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
||||||E|E|
||Trade creditors||||1,147|1,332|
||Social secudity and other taxes||||2,374|1,546|
||Pension||||287|236|
||Other creditors||||693|157|
||Accrued expenses||||2,400|2,400|
||||||6,901|5,671|
|17.|MOVEMENT<br>IN FUNDS||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.20|in funds|funds|31.12.20|
||||E|E|E|E|
||Unrestricted<br>funds||||||
||General|fund|57,404|65,055|7,070|129,529|
||Restricted funds||||||
||Upskills|General|8,357||(8,357)||
||Upskills|Education||14,804||14,804|
||Upskigs|Health||86||86|
||0pskills|Welfare||2,381||2,381|
||Upskills|Uvelihood||(1,287)|1,287||
||||8357|15,984|(7,070)|17,271|
||TOTAL FUNDS||65,761|81,039||146,800|
||Net movement<br>in funds, included||in the above are asfollows:||||
|||||Incoming|Resources|Movement|
|||||i'esources|expended|in funds|
|||||E|E|E|
||Unrestricted<br>funds||||||
||General|fund||326,449|(261,394)|65,055|
||Restricted funds||||||
||Upskills|Education||198,236|(183,432)|14,804|
||Upskilis|Health||6,740|(6,654)|86|
||Upskills|Welfare||27,372|(24,991)|2,381|
||Upskills|Xmas||6,429|(6,429)||
||Upskills|Uvelihood||15,094|(16,381)|(1,287)|
|||||253,871|(237,887)|15,984|
||TOTAL FUNDS|||580,320|(499,281)|81,039|





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|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At1.1.19|in funds|funds|31.12.19|
||E|6|E|6|
|Unrestricted<br>funds|||||
|General fund|60,278|44,952|(47,826)|57,404|
|Restricted funds|||||
|Upskills General|21,960|(13,603)||8,357|
|Upskills Education||(30,134)|30,134||
|Upskills Health||(667)|667||
|Upskills Welfare||(7,483)|7,483||
|Upskills Xmas||(264)|264||
|Upskills Uvelihood||(9,278)|9,278||
||21,960|(61,429)|47,826|8,357|
|TOTALFUNDS|82,238|(16,477)||65,761|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources<br>f|expended<br>6|in funds<br>E|
|Unrestricted<br>funds|||||
|General|fund|97,917|(52,965)|44,952|
|Restricted funds|||||
|Upskills|General|28,075|(41,678)|(13,603)|
|Upskills|Education|173,366|(203,500)|(30,134)|
|Upskills|Health|3,078|(3,745)|(667)|
|Upskigs|Welfare|29'273|(36,756)|(7,483)|
|Upskills|Xmas|6,804|(7,068)|(264)|
|Upskills|Uvelihood|6,375|(15,653)|(9,278)|
|||246,971|(308,400)|(61,429)|
|TOTAL|FUNDS|344,888|(361,365)|(16,477)|





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|||||Net|'Transfers|'Transfers||||
|---|---|---|---|---|---|---|---|---|---|
|||||movement||between||At||
||||At1.1.19|in funds||funds|31.12.20|||
||||E|||E||E||
|Unrestricted<br>funds||||||||||
|General|fund||60,278|110,007||(40,756)||129,529||
|Restricted funds||||||||||
|Upsldlls|General||21,960|(13,603)||(8,357)||||
|Upsldlls|Education|||(15,330)||30,134||14,804||
|Upskills|Health|||(581)||667||86||
|Upskills|Welfare|||(5,102)||7,483||2,381||
|Ups kills|Xmas|||(264)||264||||
|Upski8s|Livelihood|||(10,565)||10,565||||
||||21,960|(45,445)||40,756||17,271||
|TOTAL|FUNDS||82,238|64,562|||146,800|||
|A current<br>year 12 months||and prior year 12months|combined|net movement|in funds,|included|in the|above||
|as follows:||||||||||
|||||incoming|Resources||Movement|||
|||||resources<br>E|expended<br>f||in funds<br>f|||
|Unrestricted<br>funds||||||||||
|General|fund|||424,366|(314,359)||110,007|||
|Restricted funds||||||||||
|Upskills|General|||28,075||(41,678)||(13,603)||
|Upskills|Education|||371,602|(386,932)|||(15,330)||
|Upskills|Health|||9,818||(10,399)||(581)||
|Upski8s|Welfare|||56,645||(61,747)||(5,102)||
|Upskills|Xmas|||13,233||(13,497)||(264)||
|Upskills|Uvehhood|||21,469||(32,034)|(10,565)|||
|||||500,842|(546,287)||(45,445)|||
|TOTAL FUNDS||||925,208|(860,646)|||64,562||





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|||D|oiled Statem|nt ofFinancial Activities|||
|---|---|---|---|---|---|---|
|||forthe Year Ended 31December 2020|||||
||||||31.12.20|31.12.19|
||||||f|f|
|INCOME AND ENDOWMENTS|||||||
|Donations and legacies|||||||
|Donations|||||357,980|213,814|
|Gift aid|||||31,464|24,625|
|Grants|||||177,781|61,134|
||||||567,225|299,573|
|Other trading activities|||||||
|Product sales|||||13,074|45,264|
|Investment<br>income|||||||
|Deposit account|interest||||21|51|
|Total incoming resources|||||580,320|344,888|
|EXPENDITURE|||||||
|Raising donations|and legacies||||||
|Event costs||||||1,558|
|Other trading activities|||||||
|Opening stock|||||25,171|13,170|
|Purchases|||||471|1,156|
|Wages|||||2,276|18,646|
|Commission|||||30|240|
|Closing stock|||||(20,655)|(25,172)|
||||||7,293|8,040|
|Charitable<br>activities|||||||
|Wages|||||96,894|92,693|
|Socialsecurity|||||5,273|7,396|
|Pensions|||||1,100|1,309|
|Premises costs|||||1,317|1,298|
|Insurance|||||1,364|1,388|
|Telephone and stationary|||||3,775|6,375|
|Travel and subsistence|||||1,738|9,497|
|Advertising<br>and marketing|||||4,369|4,085|
|Sundries|||||1,147|538|
|Carried forward|||||116,977|124,579|





||Detailed Statement <br>forthe Year Ended|ofFinancial Activities<br> 31December 2020||
|---|---|---|---|
|||31.12.20|31.12.19|
|||E|E|
|Charitable activities||||
|Brought forward||116,977|124,579|
|Bank and paypal charges||2,963|2,229|
|Computer<br>consumables||1,402|689|
|Subscriptions||110|187|
|Website costs||1,440|1,086|
|Transportation<br>costs||3,121||
|Computer<br>equipment||744|624|
|Grants to institutions||351,434|207,759|
|||478,191|337,153|
|Support costs||||
|Other||||
|Bookkeepdng||9,925|10,431|
|Governance costs||||
|Accountancy||2,400|2,514|
|Legal and professional|fees|1,472|1,669|
|||3,872|4,183|
|Total resources expended||499,281|361,365|
|Net income/(expenditure)||81,039|(16,477)|