## Trustees’ report and The World Wide financial statement Education Project for 2021-22 ## Contents 3 Our aim, objectives, & fundamental principals 1 World Wide Education Project Trustees’ report and financial statement for 2021/22 - 4 World Wide Education Project in 2021/22 - 4 Looking ahead to 2022/23 - 5 Financial review - 11 Independent examiners report - 13 Governance World Wide Education Project Trustees’ report and financial statement for 2021/22 2 - Providing and assisting in the provision of **therapeutic care for pupils and educational staf** in developing and disaster affected countries. We carry out our work through activities in four specified service lines: - School design and construction - Teacher development - Psychosocial support - Educational supplies The projects we have delivered in the reporting period demonstrate the flexibility of our service offer. **Fundamental principles** ## **Dignity** We believe that every person we interact with has an innate right to be valued and to receive ethical treatment that promotes values such as trust, good behaviour, fairness, and kindness. ## **Respect and value of each and every individual** We believe that every person has the right to live, develop to the best of their personal potential, have the same rights and not face exclusion, be respected, and be entitled to opportunities to develop their knowledge and skills. Equally, every person is entitled to protection from violence, exploitation and other forms of abuse. ## **Listen to, and be prepared to learn from, children** We believe that every child has the right to express their views, and to have those views listened to and taken seriously. Any World Wide Education Project Trustees’ report and financial statement for 2021/22 3 ## **Financial review** ## **Income** The World Wide Education Project divides its financial resources into ‘unrestricted’ and ‘restricted’ funds. Restricted funds are those ring-fenced for use on particular projects and are identified by the trustees and operational director when assessing the financial requirements of a project. Funds may be restricted for up to 2 years. The purpose of this is to ensure that the charity has sufficient resources to fulfil its commitments regardless of additional income over the period of restriction. Donors may likewise elect to restrict their donation(s) to be used for a particular project or projects, or they can choose to make a general donation. Restricted donations are identified in the accounts and only used for the purpose intended. The total income for the period was £2,881. ## **Expenditure** Funds were expended in this financial year except for preparing the accounts. The expenditure was £1,475. World Wide Education Project Trustees’ report and financial statement for 2021/22 4 ## **Risk management** ## **Reserves policy** It is the policy of the World Wide Education Project that all funds received are used in furtherance of the charity’s objectives. It is the intention of the World Wide Education Project to build up reserves of funds to cover a minimum of 6 months operating costs. The World Wide Education Project ensures that all opportunities to provide assistance in line with its aims are carefully assessed and evaluated in relation to the funds at its disposal. Reserves for the period rolled into the following year total £11,860. The trustees have a duty to identify and review the risks to which the World Wide Education Project is exposed and to ensure appropriate controls are in place to provide reasonable assurance against operational, organisational, and strategic risks. The Trustees have reviewed the risks to which the World Wide Education Project is exposed, including child safeguarding, financial risks (including reserves, fraud, bribery and corruption), hazardous operational environments, and staff capacity. The Trustees recognise that the charity operates on limited financial resources, and therefore the financial position and financial commitments of the World Wide Education Project are kept under constant review. World Wide Education Project Trustees’ report and financial statement for 2021/22 5 WORLD WIDE EDUCATION T•W TMLE EDUCATION PROJEcr stst•m•nt of Fman(xl For th• In(xMThry & ar •nd•d 31•1 MI￿ 2022 •ndlur• aax>unl 2022 i￿4•￿rIed [￿nat￿n8 2.881 2,881 VobJnt4ry g•n•rnlwJn S14ff cos1• Inwrnn Ac¢ountanw SlalM)naty and adm*tralk• cfjsts 216 867 127 266 1.475 Tolal knd• ¢arrf•d thin¥ard 1.406 Th• stat•rMnt of hianc*l acti4*i85 mthd•s al gaiis and knssès lor lh• p•ip)d. AI and rnsourr*s •xpqnd•d derrdq from con1nu￿9 actr¥th& World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION VKMILD EfxicATION PROJECT Balanct sh?ots ar ended 31st 2022 For th• 2022 FIXED AS8ET8 CiWIRENT ASSETS Sto< Cash at bank and •i hand 11.950 11.950 CRELHTORS . Al￿￿rS FALLI￿ DUE WITrIIN OIE YEAR (901 N•t A•s•ts GeneAI fvnds a$ al 114r2019 su￿￿8 l {d•fKal 11860 G•n•rnl as at 31st March 2020 World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION PRQIE(-.T Ntstes to the ￿ancial stsleffonts for the ar 8nd•d 31st 2022 The pmwle attountmg pob*$ arn sun*Yoffj¢d bgk>w. Th• •c¢ounliig pok*s h4¥• bo•n •pplod con¥bt•ntty thffjuglH¥ut the >•at. 141 8aiii ol acawntwig Th• fmanc4al stat•ff•nts ha￿ b••n prnparnd und•r th• histomal co81 cen¥•ntsn. and m aCt￿￿an￿ t**h lh• Corrpan••s Act 2006 and th• Stsi•ffont of R8corMMnd8d Pnckn". Accountiig and R•portmg by issu•d li 2005 (bl Fund AfA>unti1g Al lund$ am unrnstsK*•d and ar• aw4kblg for al th• drAX•tw)n of lh• tru#•oS lurth•ranc• of th• g•n•AI of th• tha￿. unknss oth•rite stat•d. {¢) Incoftwg r•*Jur(xi Al incoff￿g rnS¢ju￿￿l inthd•d in th• stst•rnnl of fmani¥il *th•n th• (*affty o •nlll•d to th• and th• aff•)unt can b• quanth•d r•asonablb aC￿nCy. ldl R•wJrt•s •xp•nd•d EwndIU￿ * rvcognimd an •tuu•l b•*its •• • fi•bay • ii(wft•d. Eyndlurn •ii*Jd•¥ •ny VAT cannol b• futy •nd li rnport•d •* part ol th• •yw•ndlurn to It rn*t• {•) StOfAs Stof*s arn tht•d at th• rnl• of Ix•st and n•1 r•akabla Don4￿n# lkn4•S•￿d Donatnnl 2,881 22 Thi& o stat•d afl•r charymg.. Ind•p•nd•nt •xamn•rfs r•nin•rnlx 90 World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION IDRLD IMDE EtXlCATION PROJEcr Tr￿1•$ to the fmanual statgtr•nts for the ar efftded 3151 Mafth 2022 STAFF COSTS MIC pajrnnt for undfjwymfftt of lax and Nl for 2017 As a tha￿. Educaknn Proi•d is •xeryt IrDm tax on iicom? and gans fatmg 505 01 lh• Taxes Ad 1988. or s•cknn 256 01 tho TaxatK>n ol Chary•abl8 Gains Ad 1992 to tho •xt•nt that th•¥ arn app￿d to fs thartAbl# obivds. ￿ lax thary•8 hav• ait•n th• tharty. FIXED ASSETS Th• tharty d*1 not any T￿ed ass•ts dumg th• y•ar. STOCKS 2022 Goods fot rns•l• 2022 Ind•￿ndOn1 •xaNin•¢s auxu•d 90 90 World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION VA)RLD bMDE EIXJCATION PROJECT Ineorn and ndKurn Account foi lh• ar•nd• 31st 2022 022 022 Incom• Lkn4•56Md Donal•)ni 2.881 2.881 VO￿ntary kncoffl• 9on•At Slaff costs Inwrance A¢countanty Ststx>nary and adfi￿lIt￿t￿fj 216 867 127 {1.47SI N•t l {d•fd} for th• p•iK)d 1.406 io World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION PROIECT Independent Examine¢s RewKt CHARITY COMMISSION FOR ETr￿lAND WALES P4e l and P•ge 2 • tr) lawj the genEral &"ipcbL￿S by tho li World Wide Education Project Trustees. report and financial statement for 2021122 WORLD WIDE EDUCATION IV* -/K,/'-I P￿Ic -T•x any): 12 World Wide Education Project Trustees. report and financial statement for 2021122 ## **Governance** **Structure,** The World Wide Education Project is constituted as a Charitable **governance and** Incorporated Organisation (CIO) and uses a CIO – Foundation model **management** constitution as its governing document. The Board is constituted of three trustees, named below. **Current** Mr Simon Devine (appointed 18/9/2017) **trustees** Mr Dylan O’Shea (appointed 18/9/2017) Mrs Jennifer Marshall (appointed 18/9/2017) **Methods used** Combination of actively searching for candidates and an open **to appoint new** application highlighting experience and skills matching against the **trustees** functions required to manage the charity or specific focus. **Volunteers** No volunteers were used in this reporting period. **Contact details** Tel: 07740082771 Email: info@wwep.org.uk Website: www.wwep.org.uk Registered address: 54 Pond Road, Holbrook, Derbyshire, DE560TX World Wide Education Project Trustees’ report and financial statement for 2021/22 13 ## **The World Wide Education Project** 54 Pond road, Holbrook, Belper Derbyshire, DE22 1HQ UK Tel: +44 (0)7740082771 info@wwep.org.uk www.wwep.org.uk Twitter: @wwepuk Registered charity number 1160396 (England and Wales)